Altcoins and decentralized finance (DeFi) tokens have been on a tear for the last two weeks and, as the end of August approaches, many projects are seeing their tokens reach all-time highs. Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%. Here’s a look at some of the factors behind the current boost to DeFi tokens and the projects that are leading the way in terms of protocol upgrades and cross-chain interoperability. Total value locked reaches a …

The SushiSwap decentralized exchange has narrowly avoided becoming the latest decentralized finance hack victim thanks to assistance from a white hat hacker. A security researcher from venture capital firm Paradigm, known on Twitter as Samczsun, has managed to save SushiSwap and its Miso platform from a potential loss of as much as 109,000 Ether (ETH). In a blog post published on Tuesday, the programmer described how he began examining the smart contract code for the BitDAO token sale on SushiSwap’s token launchpad platform, Miso. Just pulled off maybe the biggest whitehat rescue ever. Story time soon — samczsun (@samczsun) August …

Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021, with decentralized exchanges like Uniswap and SushiSwap and lending protocols like Aave and Compound adding a new dimension of token utility. Data from Messari’s DeFi Assets index shows that over the past 30 days, a majority of the top 10 DeFi tokens gained more than 20%, with the top gainer, Terra (LUNA), seeing its price increase more than 116%. Three developments make the bullish case for DeFi tokens: a rapidly recovering total value locked, rising trading volumes on decentralized exchanges and …

The chief technology officer of the SushiSwap decentralized exchange has revealed why the protocol is no longer keen to scale using layer-two solutions from Optimistic Ethereum. The layer-two solutions provider OΞ whitelisted several projects last year, including Uniswap and Synthetix, granting them preferential access to its platform as it was being built. SushiSwap was also keen to get on this whitelist, but it was not forthcoming, resulting in a decision to delay any further development. In its official documentation, Optimism clearly states “contract deployments to the Optimistic Ethereum mainnet are currently restricted by a whitelist.” In a thread on Wednesday …

Decentralized asset management protocol dHEDGE has launched its v2 deployment on Polygon. The new platform also boasts integration with popular decentralized exchange SushiSwap. Speaking exclusively to Cointelegraph, dHEDGE’s Henrik Andersson highlighted v2’s new Guarded Open Access Transactions (GOAT) framework, which enables v2 users to access whitelisted decentralized finance (DeFi) DApps whitelisted by the dHEDGE decentralized autonomous organization (DAO). Andersson emphasized that the GOAT framework will significantly increase the speed with which dHEDGE is able to launch new integrations with third-party protocols, stating: “It’s like a general framework for us to add support for DApps. Instead of having to build specific …

Decentralized finance (DeFi) was one of the main factors that pushed the crypto market higher throughout 2021 and to date, platforms like Uniswap (UNI), SushiSwap (SUSHI) and Aave (AAVE) form the bedrock of the sector. Similar to altcoins, DeFi tokens took a severe beating as Bitcoin price corrected from its $65,800 all-time high, and data from Cointelegraph Markets Pro and TradingView shows that since DeFi index perpetual futures contract hit a low of $5,340 on July 20. Since then, the value of the index has rallied by 45% to $7,682 and this has analysts watching to see if a reversal …

In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss. Since 2018, this trend has extended to the crypto sector and products like the Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of Bitcoin (BTC), Ether (ETH), Cardano (ADA), Bitcoin Cash (BCH), Litecoin (LTC), Solana (SOL), Chainlink (LINK), Polygon (MATIC), Stellar (XLM) and Uniswap (UNI). The ability to access multiple …

After months of bluster and braggadocio, decentralized finance (DeFi) platform Sushi is finally revealing the long-awaited “7/20” project update — but it remains to be seen whether the new product will live up to the hype. Taking the stage this morning at the Ethereum Community Conference in Paris, Sushi CTO Joseph Delong pulled back the curtain on a new hybrid automated market maker (AMM) called Trident. Trident will feature four AMM models, including constant product pools similar to the current SushiSwap, hybrid pools similar to Curve that allow for the efficient exchange of like-kind assets such as stablecoins, concentrated liquidity …

The Harmony blockchain has opened registration for a hackathon starting next month with more than $1 million in seed funding and prizes for participants. In a Thursday announcement on Twitter, Harmony said the hackathon would be focused on bringing in more people from traditional finance for challenges bridging their fields and decentralized finance. The protocol said there would be four challenges in each category of social wallets and keyless security, cross-chain and trustless bridges, and cross-border with fintech integration. “In blockchain, finance is where we are seeing product market fit,” said Harmony. “But most of DeFi was created by people …

Cryptocurrency prices surged on June 29 as Bitcoin (BTC) price pushed through the $35,000 resistance level and lifted the total market cap by $93 billion, with $50 billion of that total flooding into altcoins. Bitcoin put on a 7% gain on the day to climb back above $36,000 and leading traders to expect a rally to the $38,000 to $41,000 level if (BTC) can flip the $35,000 level into support. As the market turned green, data from Cointelegraph Markets Pro tracked notable bullish developments in a number of select altcoins including Polygon (MATIC), SushiSwap (SUSHI) and PancakeSwap (CAKE). Polygon (MATIC) …

As the Harmony blockchain approaches the two-year anniversary of its mainnet launch, decentralized exchange SushiSwap will be deploying Sushi products related to rewards and yield farming. In a Thursday announcement from Sushi, the project said it would be partnering with Harmony to introduce liquidity mining rewards for Sushi, rewards for Kashi borrowing and lending, Sushi-specific hackathon challenges, and other products. In Harmony’s aim to reach 10 billion people, it will be sponsoring a $1 million hackathon with Sushi featuring four challenges, with additional details to come in July. “We believe this partnership with Sushi is just the beginning of bringing …

Launched in August 2020 as a fork of the Uniswap decentralized exchange, SushiSwap briefly surpassed its competitor. Now ranking third behind Uniswap’s v3 and v2, the DEX rolls out numerous integrations with major networks beyond its native Ethereum blockchain to offer users a single entry point and lower fees. The SushiSwap protocol is one of the largest proponents of a multi-chain future in decentralized finance as the DEX is already live on Ethereum, Binance Smart Chain, Polygon, Avalanche and Fantom. Data by Covalent provides insight on SushiSwap across these five chains. Data reveals the most popular chain by the number …