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VC Backed Billion-Dollar Stablecoin Project Fei Protocol Falls Below the USD Peg
By Jamie Redman
The new decentralized finance (defi) stablecoin project called Fei had some issues this week after the 1:1 USD pegged token dropped well below its targeted $1 value. The Fei project was supposed to be similar to Maker DAO’s algorithmic DAI…
DeFi Major Aave (AAVE) to Build on Polygon’s Scalable Layer 2 Platform
By Wayne Jones
The decentralized lending platform built on the Ethereum blockchain, Aave says that it will scale its DeFi platform beyond its blockchain by joining several sidechains, including Polygon. Aave Addresses Transaction Fees Block space supply today is scarce and limited, leading…
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Atari to Launch a Crypto-Fueled Gaming Platform in the Ethereum Metaverse Decentraland
By Jamie Redman
In October 2020, the entertainment software company Atari launched a digital currency and later revealed plans to join the Ethereum virtual reality game Sandbox. On March 8, Atari announced that the company is now launching a casino in Decentraland, another…
‘Game changer’ for Maker and Ethereum with Optimism Dai bridge announced
By Martin Young
The Optimism-Dai Bridge will allow fast withdrawals later this year. The Dai stablecoin produced by decentralized lending protocol MakerDAO is getting some speed and fee enhancements with its forthcoming upgrade on layer-two.Ethereum scaling solutions provider Optimism will provide the technology…
Curve (CRV) Up 30%: A Still Undervalued DeFi Project?
Curve Finance’s governance token CRV (not to be confused with CURV – recently acquired by Paypal) token has shot up to $2.46 on March 2nd from its monthly low of $1.80. Even with this recent jump, there is much evidence…
Tether (USDT) Records Highest On-Chain Volume of Over $232 Billion in February
While the wider cryptocurrency market continues to correct, the total on-chain stablecoin volume reached a new high in February. Stablecoin Use Continues to Surge According to a report by The Block, the adjusted monthly on-chain stablecoin volume hit a new…