DeFi

DeFi platform SwissCheese Finance has capped off a remarkable 2024 with a series of significant advancements, paving the way for sustained growth in the coming year. The year 2024 was marked by significant spikes in trading volume, broader mainstream acceptance and a surge of new platforms vying for market share. Innovations in decentralized trading models,…

The recent Internal Revenue Service (IRS) reporting rule designating decentralized finance (DeFi) front-ends as brokerages has sent shockwaves through the crypto industry. Alex Thorn, the head of research at Galaxy Digital, outlined three potential options for DeFi if the IRS rule is not backtracked. According to Thorn, DeFi services and applications can comply with the…

Hathor Network, an RWA-focused blockchain project, turns the page to start a new era with the introduction of Nano Contracts. Real-world asset (RWA) tokenization is a promising use case of blockchain technology. Carrying RWAs onchain can unlock liquidity and enhance transparency across markets while making ownership more accessible. Industries ranging from real estate and fine…

The rising demand for a natively-issued, 1:1 dollar-backed asset in decentralized finance (DeFi) led to the creation of USDX, the first native stablecoin launched on Flare Network by HT Digital Assets. Amid Markets in Crypto-Assets Regulation (MiCA)-induced compliance stress on Tether, Alessio Quaglini, co-founder and CEO of Hex Trust, explains in an interview with Cointelegraph…

As decentralized finance (DeFi) continues to grow, the demand for oracles — key tools that connect blockchains to real-world data — is surging. Established providers such as Chainlink face increased competition from emerging players as decentralized applications (DApps) require more efficient data delivery solutions. Marcin Kaźmierczak, co-founder and chief operating officer of RedStone, discussed trends…

dYdX launches a new upgrade to its trading platform with dYdX Unlimited, bringing features like automatic liquidity and instant market listings to enhance user experience. Built on the principles of transparency and user empowerment, decentralized exchanges (DEXs) have been steadily gaining traction within the blockchain and cryptocurrency space. Boosted by the memecoin frenzy, DEXs enjoyed…