First Mover: Chainlink’s Sorry September Returns Shows DeFi Hysteria Deflating
Chainlink's LINK has been the worst-performing digital asset in September in the CoinDesk 20, during an ugly month across cryptocurrency markets.
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Don't even think of using the term "DeFi winter," because DeFi might be hotter than last year's summer of DeFi.
Could the DeFi market be a bubble as both market capitalization and indices crash? The decentralized finance market seems to be deflating after the DeFi summer craze when tokenized versions of Bitcoin and protocols, such as Uniswap and SushiSwap, outperformed the rest of the market. Earlier in October, the two main DeFi indices, Binance’s DeFi Composite Index and TokenSet’s DeFi Pulse Index Set lost more than 60% and 50% of their value, respectively. Meanwhile, total value locked in DeFi projects has been inching closer to its all-time high of $11.2 billion since late September.DeFi....
Binance Coin and exchange tokens are popping as bitcoin's rally shows signs of temporary exhaustion and Ethereum gets snared in blockchain split.
Singapore-based cryptocurrency exchange Bitrue has announced that its daily XRP Raffle lottery will now be secured by Chainlink’s verifiable randomness function (VRF). The tool will be used to select the lottery’s string of winning numbers. Bitrue’s XRP Raffle Made Even More Secure Starting from this week, Bitrue exchange’s daily XRP Raffle will become more reliable through the use of Chainlink’s verifiable randomness function (VRF). The top decentralized oracle provider will help Bitrue determine each of […]
This week's $24M exploit of DeFi platform Harvest shows risks as real as rewards in open-beta crypto markets, where investor protection is minimal.