Huobi Eco Chain’s TVL surges to $2.7b, but two DApps represent 86% of locked ...
The decentralized exchange Mdex and yield aggregator Filda represent roughly $2.4 billion of Heco’s $2.7 billion TVL combined. Despite Huobi Eco Chain attracting an impressive total value locked (TVL) since launching in December, just two DApps represent 86% of the blockchain’s TVL.According to crypto data aggregator, CryptoRank, approximately $1.98 billion or 73% of Heco's TVL is locked in the Mdex decentralized exchange. Mdex is Heco’s rival to PancakeSwap, an automated market maker offering yield farming incentives to users. In early April, Mdex also launched on BSC to gain access to a....
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Decentralized finance (defi) protocols continue to shine as the total value locked in defi is over $260 billion. While Ethereum started the defi trend and holds the lion’s share of TVL in defi, a great number of decentralized applications (dapps) are supporting a slew of alternative blockchains.
Today’s Most Popular Dapps Support More Than One Network
On November 7, the total value locked in defi is $260 billion according to defillama statistics on Sunday. When defi first started making waves, most of the dapps that people interacted with leveraged the Ethereum....
In 2020, crypto derivatives trading replaced spot trading as the most popular digital assets exchange segment. To meet the increased requirements of sophisticated and retail traders, Huobi Futures – the derivatives arm of Huobi Global crypto exchange ecosystem – introduces new instruments. Huobi Futures meets bullish run locked and loaded: novelties and adjustments Launched in December 2018, Huobi Futures is a crypto derivatives ecosystem of Huobi Global, one of the oldest digital assets exchanges. Huobi […]
Ethereum’s top 10 most-popular DApps have collectively amassed more than 1 million active users over the past 30 days. Ethereum-powered decentralized applications, or DApps, have attracted more than one million active users over the last 30 days according to analytics platform DappRadar. This milestone comes as interest in decentralized finance, commonly referred to as DeFi, received a second wind, with the number of users growing by 11% in the first 11 days of November. The ten DApps, six of which describe themselves as providing “DeFi and exchange” services, represent more than $21....
On the DeFi side of things, BNB Chain suffered a 93% decrease from Q3 of 2021 but has since shown signs of steady recovery. After a year-long struggle to fend off the market bears, parts of the crypto ecosystem started showing signs of recovery in the third quarter of 2022. BNB Chain’s Q3 report confirms significant growth in crypto trading volumes and decentralized finance (DeFi) but a drop in nonfungible token (NFT) trading.According to DappRadar BNB Chain Report Q3, BNB Chain retained its position as the second biggest DeFi blockchain after Ethereum, with a total value locked (TVL) of....
Chinese bitcoin/litecoin exchange Huobi is catching some flak today following a serious blunder that took place Wednesday evening, in which the company's customer service wrongly sent 920 bitcoins and 8,100 litecoins to 27 users. To put that into perspective, that's about $400,000 USD and $36,000 USD, respectively. Upon learning of the events unfolding, Huobi said it temporarily halted withdrawals, but those withdrawals have since resumed. Huobi confirmed the incident on social networking website Weibo today: Last night, our customer service made a mistake when processing users' withdrawal....