Category: Ethereum

Ethereum and Tezos connected via blockchain bridge

The cryptocurrency space just became a little bit more interconnected after developers created a cross-chain bridge between the Ethereum and Tezos blockchains. Following the launch of the WRAP Protocol, created by Bender Labs, Ethereum-based ERC-20 and ERC-721 tokens can be made Tezos-compatible, allowing ETH holders to interact with the Tezos ecosystem. Token wrapping has become a

ConsenSys to develop private version of Kakao’s Klaytn blockchain

Ethereum software company ConsenSys has formed a technical partnership with Kakao’s Klaytn blockchain, with a view to developing a private platform for the issuance of a South Korean CBDC. Klaytn is a public blockchain developed by Ground X, a blockchain affiliate of the South Korean internet company Kakao. Best known for its Kakao Talk mobile messaging

Polygon (MATIC) jumps ahead as the race for Layer-2 adoption picks up

Recently layer 1 solutions like the Solana (SOL) and Cosmos (ATOM) have grown in prominence thanks to each network’s faster transaction times and lower fees when compared to the Ethereum network. An even greater focus has fallen on layer 2 solutions that can help Ethereum keep up with the competition as it continues its process of

Ethereum DeFi Lending Platforms Print Record High of $25,000,000,000 in Total Value Locked

Market analytics toolkit Messari is reporting that the top Ethereum-based decentralized lending platforms have hit a massive milestone in the first quarter of 2021. Messari revealed the news in a tweet this week, highlighting the progress made by decentralized finance (DeFi) platforms Aave, Compound (COMP) and MakerDAO (MKR). “The lending sector went parabolic during the

Lending giant Aave set to launch liquidity mining program

With a liquidity mining program set to launch on Monday, Aave could be on the cusp of becoming the dominant decentralized finance (DeFi) ledning protocol.  Earlier today, Aave Improvement Proposal (AIP) 16 reached quorum, meaning that starting on Monday, 4/26 liquidity providers and borrowers in Aave’s USDC, DAI, USDT, GUSD, ETH, and WBTC pools will

DEX volumes continue to surge even as Bitcoin and altcoins correct

Decentralized finance (DeFi) started 2021 by taking the cryptocurrency sector by storm and helping to kick the bull market cycle into high gear as traders capitalized on ways to easily trade cryptocurrencies and earn high yields on their hodl stacks.  Eventually, high fees on the Ethereum (ETH) network and a few sharp market sell-offs helped