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DeFi News
Blockonomi
3w
39
Image Credit: Blockonomi
SOL Price Eyes Rebound as Maple Finance Deploys on the Solana Network
- SOL price shows a mild rebound despite trading below key moving averages.
- Maple Finance expands to Solana, launching syrupUSD via Chainlink CCIP with $30M in initial liquidity.
- Solana’s DeFi TVL surges to $8.4B, driven by rising platform activity and new lending protocols.
- Traders eye $142 support as SOL nears oversold levels; rumors of a $1B token launch spark caution.
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TheNewsCrypto
3w
92
OKX Ventures Invests in Momentum, a Leading Sui-Based DEX
- OKX Ventures has invested in Momentum, a fast-growing DEX on the Sui network.
- Momentum processes $3B in volume and holds $70M TVL within two months.
- Platform offers 10x performance over traditional AMMs with ve(3,3) mechanics.
- Momentum, a DEX on the Sui blockchain, attracts significant volume and liquidity, offering high-performance DeFi experience endorsed by OKX Ventures.
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Global Fintech Series
3w
233
Image Credit: Global Fintech Series
YZi Labs and Galaxy Ventures-Backed Plume Unveils $150 Million Genesis Mainnet to Pioneer RWAfi Ecosystem
- Plume Network, the purpose-built ecosystem for real world asset finance, has launched Plume Genesis, its public mainnet.
- Plume Genesis introduces true DeFi composability with real world assets, showcasing onchain institutional-grade assets and over $150 million in utilized capital across various use cases.
- The ecosystem includes well-known DeFi applications and Plume is onboarding over $4 billion in assets, reimagining real world assets as composable yield-bearing primitives.
- Plume Genesis also brings features like Plume Portal, Yield-Bearing RWAfi Assets, Royco, $PLUME Token Utility, and Cross-Chain RWA Yields, enabling increased access and utility for users.
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Cryptonews
3w
361
Maple Finance Takes syrupUSD to Solana with $30M Thrust to Supercharge DeFi Lending
- Maple Finance expanded its yield-bearing stablecoin, syrupUSD, onto Solana through platforms Kamino and Orca, injecting initial liquidity of US$30M.
- Maple's entry into the Solana ecosystem aims to establish robust liquidity conditions, enabling enhanced lending, trading, and collateral activities.
- Maple's expansion to Solana was facilitated by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), allowing seamless communication between Ethereum and Solana virtual machines.
- Maple Finance's strategic move to tap into Solana's high-speed environment puts it in direct competition with major Solana lending protocols like margin.fi, Rain.fi, and Port Finance.
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TronWeekly
3w
405
Image Credit: TronWeekly
Plume Network Mainnet Goes Live with $150 Million in On-Chain Real-World Assets
- Plume Network has launched its mainnet with $150 million in tokenized real-world assets on-chain.
- The Layer 2 blockchain supports DeFi access to assets like credit, debt, and solar farms.
- Over 200 projects, including Curve and Morpho, are already building on Plume's RWAfi network.
- The company, backed by investors like Apollo Global and Haun Ventures, aims to broaden the digital asset tokenization market by allowing traditional assets to interact with DeFi protocols.
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Cryptonews
3w
189
Ethereum Foundation Announces New Treasury Policy for Critical 2025-26 Period
- The Ethereum Foundation is revamping its treasury strategy following community criticism over unexpected ETH sell-offs.
- Quarterly and annual reports will be published detailing asset allocations, investment returns, and operational developments for increased transparency.
- EF plans to use ETH reserves more dynamically, including solo staking and depositing wrapped Ether into DeFi lending protocols for yield generation.
- The new direction aims to provide decisive ecosystem support, especially during market downturns or critical phases, aligning short-term actions with Ethereum's long-term vision.
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Pymnts
3w
92
Image Credit: Pymnts
Keeta and SOLO Launch Blockchain-Native Credit Bureau
- Keeta and SOLO have launched a blockchain-native credit bureau in partnership.
- SOLO's 'PASS' digital certificate consolidates financial credentials for lending and on-chain financial reputation.
- The collaboration aims to make an on-chain credit system accessible to various entities like crypto builders, venture capital firms, and banks.
- The partnership plans to launch verified profiles, lending marketplace, stablecoin-based loan origination, and bank integrations.
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Bitcoinist
3w
260
Image Credit: Bitcoinist
Chinese Company Moves To Buy $300 Million Worth Of XRP, SEC Filing Shows
- Chinese company Webus plans to establish a $300 million XRP treasury, as per a recent SEC filing.
- Webus has signed a digital-asset management agreement and is exploring various financing options for the XRP reserve.
- Another company, VivoPower, is also working on establishing an XRP Treasury with the help of BitGo.
- The likelihood of an XRP ETF launching this year has significantly increased, with Polymarket data suggesting a high chance of approval by the SEC.
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Hackernoon
3w
304
Image Credit: Hackernoon
Blockchain Platform Obyte Rolls Out Incentivized Virtual World to Rebuild User Network
- Obyte, facing a weak community engagement, launched Obyte City to strengthen connections among users and boost cooperation and collective action.
- Obyte City is a virtual space with 1 trillion plots where users can buy plots, receive rewards for connecting with neighbors, and engage in community building activities.
- Users who connect with neighboring plot owners receive rewards and establish closer connections by coordinating reward claims through discord or telegram.
- Users can customize their plots and houses, link them to social profiles, and even trade unique shortcodes associated with their houses.
- Plots in Obyte City can only be purchased with CITY tokens, and new CITY tokens are minted for rewards while burned for plot purchase fees.
- The initial sale of plots will run from June 3 to June 30, 2025, with plots priced at 1 GBYTE and including CITY token bonuses for buyers.
- Obyte City operations are handled by autonomous agents on the Obyte DAG, ensuring secure, immutable transactions without the ability for arbitrary changes.
- Change in City parameters can be done through governance, with plot owners having voting power based on their CITY holdings in plots.
- Referral rewards are offered to users who bring new participants to Obyte City, encouraging community expansion and stronger ties.
- Obyte aims to revitalize its community through Obyte City and other engagement tools, leveraging its technology for a more interconnected user base.
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Global Fintech Series
3w
404
Image Credit: Global Fintech Series
Burstverse Secures Seed Funding to Advance DeFai with AI-Driven Decentralized Finance Platform
- Burstverse secures seed funding to advance DeFai with AI-Driven Decentralized Finance Platform.
- The seed funding attracted investors such as Borderless Capital, Bigbrain Holdings, and others.
- Burstverse aims to simplify DeFai and CeFi interactions through AI technology for activities like token swaps and staking.
- The funding will accelerate product development, team expansion, and the launch of Burstverse Beta.
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22 Likes
TronWeekly
3w
318
Image Credit: TronWeekly
Dogecoin (DOGE) Poised for Explosive Bullish Breakout Amid DeFi Expansion
- Dogecoin is showing bullish momentum after breaking out of a falling wedge pattern, potentially leading to a parabolic rally if it closes above $0.26.
- The launch of wrapped DOGE (wDOGE) on Coinbase's Base network expands DOGE’s utility in DeFi and smart contracts, signaling increased adoption.
- The odds of a U.S. spot DOGE ETF approval by 2025 have surged to 74%, driving higher institutional interest in Dogecoin.
- Despite a short-term dip in price, Dogecoin (DOGE) is trading at around $0.1904, with significant institutional engagement and potential for a bullish surge.
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19 Likes
Bitcoinsensus
3w
172
Image Credit: Bitcoinsensus
Ethereum Foundation Clarifies Treasury Policy
- Ethereum Foundation has clarified its treasury policy focusing on DeFi yield and Defipunk.
- A two-factor liquidity model has been formalized for the first time with targets of A = 15% of the treasury and B = 2.5 years, aiming to cut A to 5% by 2030.
- ETH assets are allocated between core strategies and segregated sleeves with higher risk, emphasizing on-chain placements and the Defipunk checklist.
- This move towards transparency and sustainable development by the Ethereum Foundation is crucial for the future of DeFi ecosystem.
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Global Fintech Series
3w
376
Image Credit: Global Fintech Series
Introducing DMind and DMind-1: Web3-Native AI for the Future of Digital Finance
- DMind.ai is an open-source AGI research organization focused on developing AI infrastructure tailored for digital finance, starting with Web3 technologies.
- DMind-1 is a Web3-native expert language model released by DMind.ai, providing enhanced accuracy and reasoning in complex crypto topics at a fraction of the cost of general-purpose models.
- DMind.ai introduced the DMind Web3 Benchmark, a comprehensive evaluation standard for Web3-specific reasoning, which quickly became popular in the industry.
- DMind's dedication to open-source research, data curation, and community-driven innovation sets it apart, with plans for future model development and building a global network of developers and researchers in the digital finance sector.
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Hackernoon
3w
84
Image Credit: Hackernoon
Nexchain Token Presale: Get Early Access to the Future of Web3
- Nexchain Token Presale is offering daily revenue to NEX holders by providing 10% of generated gas fees.
- Nexchain's AI-powered blockchain structure encourages long-term engagement and sustainability within its ecosystem.
- The NEX coin is under presale, with a current price of $0.062, expected listing price of $0.3, and high ROI potential based on real-world applications.
- Nexchain's tokenomics ensure sustainability through a balanced allocation for network expansion, community benefits, and development, making it an attractive opportunity for early investors.
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5 Likes
Tokenhell
3w
200
Image Credit: Tokenhell
Big Business and Governments Tap Ethereum for Financial Innovation
- Ethereum is being utilized by big businesses and governments for financial innovation, with the blockchain serving as the base layer for international finance through digital treasuries.
- Public bodies are also exploring Ethereum for various purposes, such as bond transactions, real estate information management, and citizen identification systems.
- Ethereum's dominance is evident in the real-world asset space, with tokens for RWAs totaling $9.8 billion on the network, exceeding other platforms by fourfold.
- Recent data shows a significant decrease in ETH exchange inflows, indicating reduced selling activity or a wait-and-see approach among traders.
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