BITPRISMIA
Hyperliquid's success as a decentralized exchange (DEX) stems from its community-first approach, migration to its own Layer-1 network (HyperEVM), and unique tokenomics, achieving significant revenue and market share without traditional VC funding.
Decentralized finance (DeFi) lending protocols have reached a milestone of $100 billion in deposits, driven by investor interest and the unique benefits of DeFi platforms.
Coinbase announced a new Stablecoin Bootstrap Fund to enhance liquidity in decentralized finance (DeFi) platforms, managed by Coinbase Asset Management (CBAM), starting with investments in Aave, Morpho, Kamino, and Jupiter.
Stablecoins accounted for 43% of cryptocurrency transactions in Sub-Saharan Africa in 2024, significantly surpassing bitcoin's 18.1%, with Nigeria and South Africa leading in adoption and Ethiopia showing the highest growth due to currency devaluation.
A whale trader named AguilaTrades placed a $128.45 million short position on Ethereum (ETH) using 15x leverage on the decentralized exchange Hyperliquid, highlighting the high-risk, high-reward nature of leveraged crypto trading.
S&P Global Ratings issued a B- grade for Sky Protocol, highlighting its speculative nature and high credit risk, while also rating its USDS stablecoin as 'constrained' due to stability concerns, marking a step towards industry maturity.
Hybrid Layer 2 blockchain BOB raised $9.5 million in funding to advance its Bitcoin-based platform, combining Bitcoin's security with Ethereum's DeFi innovation.
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Plasma, a stablecoin project, has partnered with Aave to launch a digital asset initiative aimed at institutional adoption, driven by clearer regulatory conditions and the potential for innovative financial products in decentralized finance (DeFi).
Coinbase's support for dYdX on its native network enhances decentralized trading by bridging centralized and decentralized finance, offering faster execution and improved accessibility.