Finance Redefined: Axie Infinity creator raises $150M, DApp daily users surge to 2.4M and more

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The Axie Infinity hacked coins are on the move, Yearn pushes for a new standard, and DApp usage soars. All this and more in the latest Finance Redefined.

) were booted out of Grayscale’s popular Decentralized Finance Fund. The widely-popular DeFi protocol Yearn.finance announced its support for the newly-passed ERC-4626 tokenized vault standard.

The fundraiser is aimed at reimbursing lost funds from the recent exploit on Axie Infinity’s Ronin Bridge, which resulted in the loss of over $600 million. The funding round also saw participation from Animoca Brands, Andreessen Horowitz, Dialectic, Paradigm and Accel. The overall growth was impressive, considering that the cryptocurrency sector saw a short-lived bear market during the quarter and experienced $1.19 billion in DeFi hacks and exploits.Digital asset management firm Grayscale has added three new cryptocurrency assets across three main investment funds while removing two other assets from its Decentralized Finance Fund as part of this year’s first quarterly rebalance.

 

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