This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $ 100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial …
As the cryptocurrency market swells to a valuation of $ 2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $ 100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $ 300K to $ 100 Billion: Tether’s …
Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $ 80 billion mark, and since that point, it has expanded by an additional $ 11.66 billion. As it hovers above the $ 91 billion threshold, the TVL is approaching the $ 100 billion milestone, a …
On Thursday, the Eigen Labs development team, responsible for the Eigenlayer restaking protocol, announced a $ 100 million investment from A16z Crypto. This substantial funding comes after the project’s $ 50 million Series A round in March 2023. Eigenlayer’s Development Team, Eigen Labs, Garners $ 100M from A16z Crypto Eigen Labs has …
South African fintech startup Ukheshe recently announced that it has acquired a 100% stake in EFT Corporation, an Africa-focused payment services provider. According to the startup, the acquisition takes Ukheshe closer to its stated goal of attaining a larger footprint in Africa and beyond. Access to New Technologies and Markets The South African fintech …