DeFi activity on the decline, but investment rolls in: Finance Redefined

decentralized finance A new analysis by investment management fund VanEck revealed that economic activity in the DeFi sector dropped 15.5% in August. Blockchain Capital, on the other hand, announced two new crypto-focused funds totaling $580 million.

The top 100 DeFi tokens had a bearish week due to the market decline after the United States Federal Reserve’s interest rate pause, with most tokens trading in the red.The DeFi ecosystem suffered more setbacks in August as on-chain economic activity dwindled. According to an analysis from investment manager firm VanEck, exchange volume declined to $52.8 billion in August, 15.5% lower than in July.

Venture capital group Blockchain Capital announced two new funds, totalling $580 million, for investment in infrastructure, gaming, DeFi, and consumer and social technologies.

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DeFi Protocol Linear Finance Suffers Liquidity Drain in LUSD Token AttackAttacker exploits system by minting unlimited LAAVE tokens, trading for LUSD on Linear Exchange.
مصدر: Crypto_Potato - 🏆 568. / 51 اقرأ أكثر »

DeFi protocol Linear Finance reports attack that drained ℓUSD liquidityHong Kong-based DeFi protocol Linear Finance reported an attack on Thursday that drained liquidity of its Linear USD token.
مصدر: TheBlock__ - 🏆 464. / 53 اقرأ أكثر »