Ethereum Watch

Share this article URL Copied Advertisements Another day, another DeFi hack. Inverse Finance is the latest Ethereum protocol to suffer a multi-million dollar exploit.  Inverse Finance Suffers Multi-Million Dollar Hack  Ethereum’s DeFi ecosystem has suffered another major hack.  Inverse Finance, a stablecoin protocol that focuses on capital efficient yield generation, was drained in an exploit […]

Ethereum’s ETH has finally crawled back over $3,000 and a lot of work is frantically going on behind the scenes to ensure that the merge takes place smoothly. But that does not mean the process is free of hiccups. After what was deemed to be a “minor” incident a few days ago, the Ethereum community came […]

Key Takeaways Tornado Cash is decentralized, non-custodial protocol that helps crypto users stay private on public blockchains. It uses a smart contract that lets users send deposits from one address and then withdraw the funds from to another completely new address, thus breaking the on-chain link between the funds. The latest version of the project […]

Advertisements In brief: The DeFi token of Aave (AAVE) is up by over 18% in the last 24 hours The double-digit increment in value comes in the backdrop of Aave’s V3 upgrade With the newest upgrade, users of Aave will enjoy cross-chain transactions, higher efficiencies, new wallet integrations and more AAVE is also exhibiting some […]

Ethereum’s rollups were pitched as airlines and super highways to make transactions faster within the ecosystem and solve congestion problems. However, reality hasn’t quite panned out the way many rollup enthusiasts predicted it would. Advertisements I want to speak to your manager! A Huobi Research report by Barry Jiang looked at some problems with rollups […]

A new DeFi project presents an opportunity for investors to become early adopters and reap the rewards of taking such a risk. On the other hand, things can go sideways and an exploit can quickly put an end to any tender hopes and dreams. Now, as a section of the Fantom community struggles to get […]

Key Takeaways Andre Cronje and Anton Nell are leaving the DeFi space. The pair will handing over ownership or decommissioning the websites they control, but the protocols they built will continue to run. YFI, KP3R, and FTM have dipped on the news. Share this article URL Copied Advertisements Cronje was widely regarded as the “Godfather […]

Key Takeaways The total value locked in DeFi has fallen along with the broader crypto market. BNB Chain and Solana have been particularly hard hit. In comparison, the total value locked on Terra is at all-time highs today. Share this article URL Copied Advertisements The total value locked in decentralized finance across Solana and BNB […]

The world’s largest altcoin, Ethereum, despite its sheer dominance, has faced a lot of criticism given its limited transactions per second (TPS). This has often contributed to a massive surge in gas prices thanks to network congestion. Advertisements And, this is exactly where Layer 2 (L2) solutions enter the picture. Standing out On-chain activity for […]

Throughout the previous year, Ethereum‘s rising gas fee was among the biggest concerns of the cryptocurrency industry. Well, especially due to Ethereum’s major role in DeFi and NFTs. The rising gas fees had inadvertently led to more congestion. Hence, higher transaction time and costs. Ethereum’s development team has been breaking necks over fixing these issues. […]