Blockchain games were the subject of the latest DappRadar x BGA Games Report #5, published Tuesday. The report looked at healthy ecosystems and investments in GameFi and metaverse markets.
The report covered several projects in detail, outlining their continued success and growth. Splinterlands, Illuvium, Galaverse and STEPN have continued bringing new players to their platforms, gaining financial interest and expanding their businesses.Bancor, a DeFi protocol often credited as the pioneer of the DeFi space, paused its impermanent loss protection function on Sunday, citing “hostile” market conditions.
In a blog post on Monday, the DeFi protocol noted that the ILP pause is a temporary measure to protect the protocol and the users. When a user gives liquidity to a liquidity pool, the ratio of their deposited assets changes at a later moment, potentially leaving investors with more of the lower value token, this is known as impermanent loss.
On Sunday, the crypto lending platform launched a governance vote titled “SLND1: Mitigate Risk From Whale.” It allowed Solend to reduce the risk the whale’s liquidation poses to the market by letting the lending platform access the whale’s wallet and letting the liquidations happen over the counter.Analytical data reveals that DeFi’s total value locked registered a minor recovery rising above $56 billion.
The majority of the DeFi tokens in the top 100 ranking by market cap were trading in green. Synthetix (
The DeFi tokens are doing well because crypto was first and foremost about DeFi! Centralization of crypto makes it ordinary, downgrades it to what we already know marketmove
Not sure about uniswap seems like good one
thank you now i know what to definitely avoid spending my tether on
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