Category: DeFi Digest
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Limitless Raise $4m Strategic Funding, Launch Points Ahead of TGE ETHNews
Limitless.exchange raised $4M in strategic funding, totaling $7M, with Arthur Hayes as advisor. They launched a points program ahead of TGE and introduced a mobile-first trading experience for prediction markets.
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TradFi could move onchain due to ‘horrible banking experiences’
Aave Labs founder Stani Kulechov highlights how poor banking experiences drive TradFi to fintech and DeFi, with tokenized real-world assets offering a multi-trillion-dollar opportunity for blockchain adoption.
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DEXs capture almost 30% of CEX spot activity in June, setting new record
DEXs processed $385B in spot trades in June, capturing nearly 30% of CEX volume, a record high. Top DEXs like Uniswap saw smaller declines than CEXs as traders shifted to self-custody.
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DeFi-focused Layer 2 Katana Launches Mainnet With $200 Million in Pre-Deposits – “The Defiant”
Katana, a DeFi-focused Layer 2 blockchain, launches mainnet with $200M in pre-deposits. It aims to solve liquidity issues, unreliable yields, and capital outflow using tools like VaultBridge and chain-owned liquidity.
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Top Optimism DEX Velodrome Launches On-Chain Swap Infra for Superchain – “The Defiant”
Velodrome, Optimism’s top DEX, launched Superswaps for seamless cross-chain token swaps within the Superchain ecosystem, eliminating the need for bridges or wrappers while enhancing liquidity.
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Bitcoin Hyper Presale Nears $1.8M; 442% Yields End in 6 Hours
Bitcoin Hyper’s presale nears $1.8M, offering 442% APY staking rewards. The Layer-2 solution integrates Solana VM for scalability, aiming to transform Bitcoin into a ‘world computer.’
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Tokenized stock trading live on Kraken, Bybit and Solana’s DeFi ecosystem
Over 60 tokenized stocks are now tradable on Kraken, Bybit, and Solana DeFi platforms via Backed Finance’s xStocks, offering 24/7 trading of blue-chip and crypto stocks with blockchain benefits.
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Ripple Highlights XRP Ledger Advancements Powering Institutional Blockchain Adoption – Blockchain Bitcoin News
Ripple’s XRP Ledger introduces a permissioned DEX, blending compliance with decentralization to facilitate institutional DeFi adoption and real-world blockchain finance solutions.
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Is Cardano’s plan to convert part of ADA treasury into Bitcoin a wise move?
Cardano’s founder proposes converting 5-10% of ADA treasury into Bitcoin or stablecoins to create a sovereign wealth fund, aiming to boost ADA’s value through diversified crypto assets.
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World Liberty Financial Sees Strong Interest in WLFI as Treasury Asset: Report
World Liberty Financial’s WLFI token is gaining interest as a treasury asset among public companies. The project’s USD1 stablecoin aims to dominate the market, with plans to make WLFI tradable soon.
