A new Polygon to Ethereum bridge is helping bring Aavegotchi NFTs to the Rarible marketplace, the teams said in a release shared with CryptoSlate this week. “One of our main goals at Rarible is to make sure that our vibrant community has access to all the amazing things happening in the space. Given the rising…
Aave on Avalanche (AVAX) just touched $1 billion. Here’s why
After Aave got deployed on the Avalanche (AVAX) blockchain, the value of deposited assets on the popular lending protocol increased by $1 billion in only a matter of hours. Avalanche’s ecosystem is expanding as the network witnesses a major influx of attention and liquidity, all boosted by hefty incentives. Influx of liquidity “Aave is live…
Abstinence from DeFi is ‘no longer an option,’ states founder of Polygon-based QuickSwap
Sameep Singhania is a blockchain and software engineer, who has worked on several projects, including Bonded Finance and ParaSwap, but hit the DeFi nail on the head when he and his team, frustrated by the growing Ethereum (ETH) fees, built QuickSwap (QUICK), a popular Layer-2 decentralized exchange (DEX). QuickSwap is an Ethereum-based DEX powered by…
‘Big Four’ firm EY taps Polygon (MATIC) for Ethereum scaling solutions
Aragon deploys on Polygon (MATIC) to optimize DAO creation Polygon, an Ethereum-based full-stack scaling solution bringing mass adoption to the Ethereum platform, announced last week that Aragon Client, an Ethereum-based project that makes the creation and management of decentralized autonomous organizations (DAOs) easy and cost-effective, is now live on the Polygon PoS network. 2 min…
Terra (LUNA) sets new ATH as network activity increases
Terra’s native token LUNA rallied over 31% during the past seven days as the crypto’s price broke another record high crossing $34,3 earlier today. With a current market cap of roughly $13,4 billion, LUNA witnessed a significant recovery since the May crash, when it was trading just above $4.1. The Terra ecosystem Terra is a…
$185 million worth of LUNA burned in past month as Terra user base grows
Terra’s native token LUNA rallied 79.66% during the past seven days as the protocol developed by South Korean firm Terraform Labs surpassed Polygon (MATIC), recording the third-highest total value locked (TVL) among blockchains. LUNA, which is part of an algorithmic balancing system that is used to stabilize the price of the protocol’s stablecoins, traded today…