Zero-sum game: DeFi declines while Bitcoin booms
While Bitcoin’s value has increased by more than one-third since September, DeFi tokens have floundered. Are the two things related? The co-founder of crypto data aggregator Markets Science, Twitter-user ‘Bitdealer,’ has shared a chart indicating negative correlations between 11 top DeFi tokens and BTC over the past 45 days to Nov.1, with AAVE showing neutral correlation and UNI showing confluence if less than 0.1.Seven of 13 DeFi tokens were also found to have negative correlations with Ethereum (ETH), despite Ethereum powering much of the DeFi ecosystem.With many decentralized finance....
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The studio's flagship ventures fund increased in value from $14 million to $300 million.
PRESS RELEASE. London, UK: 30 March 2022 – Play-to-earn game, DeFi Kingdoms, has partnered with crypto payments infrastructure platform, Ramp to bring an even greater in-game payment experience to players. For one week only* players can enjoy zero fees when purchasing AVAX through Ramp.
DeFi Kingdoms has been wildly popular, generating more than $1.6 billion in transactions in January 2022 alone. Today’s Ramp announcement comes as DeFi Kingdoms implements its cross-chain expansion to Avalanche.
Originally built on the Harmony blockchain platform, DeFi....
Aavegotchi – a retro, Tamagotchi-inspired game that came to life at the end of DeFi Summer – is launching in full on Jan. 4.
Bitcoin’s price pulled off the bull road for a rest stop Thursday while ether holders pull out of DeFi.