FDUSD has quickly become the fourth-largest stablecoin since its launch last year under Hong Kong’s digital asset regulations, benefitting from crypto exchange giant Binance’s trading promotion.
Since the approval of spot bitcoin ETFs in January, DeFi looks ascendant, triggering memories of 2020, aka DeFi Summer, when the space bustled with activity.
In response, Aevo says customers suddenly traded more on its decentralized exchange to try to get some of its airdrop.
The study was designed to look at the largely unexplored “intricacies” of user behavior and dynamics of decentralized finance lending, the authors said.
Six out of the top deri revenue-generating protocols are DeFi applications, the report said.
Capital locked on restaking protocols is now at $10 billion, in December it was just $350 million.
The Securities and Exchange Commission approved a final rule Tuesday that DeFi interests call “hostile” to that sector, potentially requiring projects to register as dealers.
“Bitcoin DeFi is just too nascent right now,” CEO Mithil Thakore said. But that’s beginning to change.
Developers on Sui are building products that people are using to address real-world challenges, according to Greg Siourounis, Sui’s managing director.
Curve’s FRAXPYUSD liquidity pool, which went live on Dec. 27, boasts the third largest TVL of $135 million.