DeFi traders cry foul after only 0.015% of active ParaSwap wallets receive PS...
Airdrops are back in fashion as ParaSwap drops 5,200 to 10,400 PSP tokens to active users while also disqualifying airdrop hunters from gaming the system. Airdrops are once again back in style following the recent five-figure token drop from the Ethereum Name Service protocol that kicked off a flurry of protocol engagements from hopeful crypto enthusiasts looking to get in on the next "crypto stimulus check."Paraswap is the most recent project to reward early adopters, despite their early October statement that the project had no intention of conducting an airdrop. The decentralized....
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Decentralized exchange ParaSwap has joined the ranks of DeFi platforms that launch their native governance token, PSP, via an airdrop. In most cases, these events cause a lot of hype in the community, as users are rewarded for supporting the platform. Related Reading | Real Vision CEO Raoul Pal Takes Bullish Stand On Ethereum The ParaSwap airdrop was not an exemption with many users jumping into the platform to qualify and receive the funds in PSP. However, the platform employed a new logic to distribute its native token. Unlike Uniswap, a decentralized exchange that sends every user....
Wallets interacting with Ethereum-based decentralized finance protocols have dipped significantly since mid-February. According to DappRadar, the unique active wallet count on the Ethereum decentralized finance market has seen a significant drop. Between mid-February and the time of writing, unique active DeFi wallets on Ethereum have dipped almost 40%.While Ethereum gas fees seem to have bottomed out, the high transaction costs that have characterized the network over the past few weeks appear to have resulted in a marked effect on DeFi user statistics.Source: DappRadarMajor DeFi....
A new 1inch airdrop retroactively sends tokens to Mooniswap and Uniswap users. The 1inch.exchange protocol, a platform that aggregates decentralized exchanges and provides its own automated market maker, is airdropping a new stash of its 1INCH tokens.The airdrop follows the initial generation of the new tokens on Christmas, which were distributed to past users of the aggregator. A common point of contention for the initial airdrop was the exclusion of Mooniswap users and liquidity providers, as the project's AMM platform was superseded by an integrated 1inch Liquidity Protocol.The new....
Despite a slight recovery, DeFi TLV has lost $250 billion this year. DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar. The rise was partially driven by the Flow protocol, which rose 577% UAW due to Instagram's support of its NFTs and the game Solitaire Blitz. On the other hand, Solana UAW shrank by 53% in August from the previous month, while transactions dropped by 68%, the findings showed.There were 1.67 million unique wallets connected....
Traders in Europe are threatening legal action against eToro for allegedly closing their leveraged crypto positions without enough notice.