News Formal

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

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

DeFi financial activities declined by 15% in August, according to a new report from VanEck, indicating increasing exploits and liquidity crises on several platforms.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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

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.
Source: TheBlock__ - 🏆 464. / 53 Read more »