DeFi

Polygon is one of the most popular Ethereum layer-2 scaling solutions with a booming DeFi ecosystem. Everything you need to know about it writes Jose Oramas on CryptoPotato. Polygon, formerly known as MATIC network, is a layer-2 scaling solution created in 2019 to address several limitations in the Ethereum blockchain, such as transaction speed, throughput,…

Ronin Network, an Ethereum-based sidechain created by Axie Infinity developer Sky Mavis to support its popular NFT-based game, was exploited by an unknown hacker and lost roughly $625 million worth of crypto on Tuesday. It may be the largest exploit in DeFi history. The Ronin Network published a blog post explaining how its network was…

Blockchain firm Enjin announced the launch of Efinity, the first parachain on the Polkadot network dedicated to non-fungible tokens (NFTs) and gaming. In the works since last summer, the Efinity parachain is courting games on existing smart-contract blockchains. Efinity’s ecosystem is set to be home to over 100 blockchain-based games and applications, the first of…

Aleo, the first decentralized, open-source platform to enable fully private and programmable applications, provides users access to a world of truly personalized web services without giving up control of their private data. As a blockchain that is private-by-default, open-source, and built for the web, Aleo is uniquely positioned to address the shortcomings of blockchain adoption….

Web3 needs to reframe around participation in terms of technology, architecture, design, and talent to achieve a decentralized internet, Nitin Gaur shares his opinion on Cointelegraph. Web3 is hailed as a technology paradigm that is fueled by the creator economy and is in the future, or rather, the next evolution of the internet. As we…

The Avalanche Foundation has launched a $290 million incentive program called Multiverse to promote its new “Subnet” functionality. The Subnets’ intended utility is to encourage the development of a vibrant ecosystem of “scalable app-specific blockchains.” The foundation wants Web3 builders to develop subnetworks using its technology. The Avalanche Foundation has established a $290 million fund…