Theredcentre

Maker (MKR), the governance token of decentralized finance (DeFi) lender MakerDAO, is experiencing a notable surge in price as it approaches its highest level since May last year. This upward trajectory can be attributed to several key factors, including increasing protocol profits and the rising interest of prominent investors in accumulating the token. The impressive … Read more

Blockchain Capital, a venture capital company founded by Bart Stephens and Brad Stephens in 2013, has raised a total of $580 million through the closure of two new funds. The company’s general partner, Spencer Bogart, confirmed the news, stating that the funds include a sixth early-stage fund and the firm’s first “opportunity fund.” The funds … Read more

Base, the Coinbase-incubated Ethereum layer 2 (L2) network, has experienced significant growth and adoption since its public launch just a month ago. Along with this growth, the number of users and protocols on the platform has also expanded significantly. In a remarkable display of this rapid growth, Base recently achieved its highest number of daily … Read more

Ethereum and Bitcoin are two of the most popular and widely used cryptocurrencies in the world. While Ethereum has gained a reputation as the king of smart contracts and the primary hub for DeFi and NFT activity, on-chain data suggests that Bitcoin is ahead in terms of user engagement. This can be interpreted by the … Read more

Base Protocol, a decentralized stablecoin project, has experienced a surge in activity lately. However, the driving force behind this increase is not decentralized finance (DeFi) applications or non-fungible token (NFT) marketplaces as one might expect. Instead, a new social application called FriendTech is responsible for a significant portion of this rise in Base’s usage. The … Read more

Friend.tech, a decentralized social network, has experienced a remarkable resurgence in recent weeks, defying critics who had declared the platform dead. The platform has seen a surge in user interest, with its total value locked (TVL) surpassing $20 million just a few days ago. This growing momentum has also led to an increase in trading … Read more

Trading volumes associated with CRV, the governance token of Curve, a stablecoin decentralized exchange (DEX), is down 97% barely two months after it was hacked in late July 2023. This significant decline in trading volume has been observed on centralized exchanges, particularly on Binance, where the token is actively traded. According to Kaiko, CRV’s trading … Read more