Chainalysis CEO Jonathan Levin says DeFi platforms' rapid growth leaves their users' assets at risk of attack; DefiLlama says $140B+ is held on DeFi protocols
Nikou Asgari / Financial Times :
DefiLlama: monthly DeFi fees have risen to $577M from an April low of $366M, with major protocols generating $275M through automated market-making services
- Major protocols like PancakeSwap have emerged as fee-generating leaders, accumulating $275 million in fees through …
DefiLlama: Bybit experienced a “bank run” of over $4B after the ~$1.5B hack, leading to a ~$5.5B total outflow; CEO says “about 50%” of funds were withdrawn
Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered …
RTFKT, the digital wearables NFT startup Nike acquired in 2021, is shutting down by the end of January 2025; DefiLlama: RTFKT brought in nearly $50M in earnings
an early Web3 fashion success story — is folding Jason Newey / NFT News Today : Nike-Owned RTFKT to Shut Down Operations by January 2025 Brayden Lindrea / Cointelegraph : Nike-owned NFT wearables RTFK...
DefiLlama: stablecoins' total market cap has grown 46% in 2024 so far to a record ~$190B, regaining the ground lost after TerraUSD's infamous collapse in 2022
Sidhartha Shukla / Bloomberg :
DefiLlama: Coinbase's Layer 2 Ethereum network Base stands at $2.08B in total value locked, up 370% from ~$430M at the start of 2024, second only to Arbitrum
- Base has surpassed a total value locked of $2 billion for the first time — a 370% increase year-to-date.
DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B
Omkar Godbole / CoinDesk :
DefiLlama: the value of assets locked on the TON blockchain, which is used by Telegram, surged 1,400% this year to briefly top $1B
Sidhartha Shukla / Bloomberg :
DefiLlama: the value of assets locked on the TON blockchain, which is used by Telegram, surged 1,400% this year to briefly top $1B
- TON Blockchain's assets topped $1 billion after a resurgence — Telegram's previous crypto efforts drew the wrath of the SEC
DefiLlama: crypto startup funding has crossed $100B since 2014; The Block Research: Coinbase Ventures has made 443 investments or ~4% of all deals since 2017
- Investment picked up amid a rebound in the crypto market — Tokens from startups are a potential bright spot for exits X: @crypto and @ryanjamesweeks X: @crypto : Crypto startups have drawn in rough...