The future of DeFi is spread across multiple blockchains
As the decentralized space is growing at lightning speed, projects need to adapt to the multichain future or risk becoming irrelevant. Long stuck in the shadows of Bitcoin (BTC), Ethereum (ETH) finally took hold of the market in 2020 during the decentralized finance summer. Designed to recreate traditional financial systems with fewer middlemen, DeFi is now being used across lending, borrowing, and the buying and selling of tokens. The majority of these decentralized applications (DApps) are run on Ethereum, which saw activity on the network increase during 2020. This activity also trended....
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The decentralized finance (DeFi) project Hubble Protocol has recently closed a seed funding round that raised $3.6 million. This early support for Hubble comes from several major and influential names in the crypto industry who are key players working to expand DeFi on Solana, which is currently the world’s fastest blockchain. Participants in Hubble’s early private round include Jump Capital, Delphi Digital, CMS, Mechanism Capital, Spartan, DeFi Alliance, Three Arrows / DeFiance Capital, Digital Strategies, and Decentral Park Capital. Each of these backers has thrown their weight behind....
Fee-less system or flexible blockchain with smart contracts: What do you choose to build your DApp? Or you don’t need to choose at all? Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.People use social applications daily, but despite all the hype around supposedly “next-gen” blockchains, none of those social applications are decentralized. Let’s unpack why, using two blockchains as a reference: Ethereum and Steem. Ethereum has....
The decentralized finance industry needs to keep evolving and growing. Shield Finance aims to provide a DeFi insurance aggregator service across multiple blockchains. Following a successful funding round and ahead of the upcoming IDO, there is a lot to look forward to. The Purpose Of Shield Finance The future of decentralized finance will heavily rely […]
Armed with sky-high expectations and seemingly boundless enthusiasm for how tech could reinvent industry in the digital age, the "blockchain" industry has been overwhelmed with blockchains. Not only are there multiple open public blockchain projects, but legacy institutions and corporates are building exclusive permissioned blockchains. So far this year, there have been specialty blockchains created for everything from credit default swaps to managing global supply chains. It's unclear how these blockchains will need to interact with each other in the future to prove its....
Blockchain analytics firm Chainalysis introduced a new tool to help monitor transactions and tokens across DeFi protocols and multiple blockchains. Blockchain analytics firm Chainalysis has released a new tool to track transactions across Decentralized Finance protocols and multiple blockchains.Chainalysis launched a beta version of its Storyline software on May 18. Touted as a “Web3-native blockchain analysis tool,” Storyline aims to track and visualize smart contract transactions with a focus on nonfungible tokens (NFTs) and DeFi platforms. This is in line with the growing popularity and....