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Curve fork Swerve crosses $380M in total value locked within 12 hours of launch

Curve fork Swerve crosses $380M in total value locked within 12 hours of launch

Swerve, a new and unaudited decentralized finance protocol, has accumulated $380M in asset deposits within 12 hours of its launch. Swerve is a fork of Curve, the popular stablecoin-to-stablecoin decentralized exchange. The protocol aims to be “100% community owned and governed,” meaning that from day one, the protocol will allow users to begin generating SWRV …

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Curve becomes third DeFi protocol to hit $1 billion in total value locked

Curve becomes third DeFi protocol to hit $1 billion in total value locked

Curve, a decentralized exchange (DEX) for trading stablecoins, has become the third decentralized finance (DeFi) protocol to hit $1 billion in total value locked. This milestone follows just one day after non-custodial lending and borrowing protocol Aave hit the $1 billion mark on Saturday. Earlier this week, Curve was forced to launch its governance platform …

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Aave becomes second DeFi protocol to hit $1 billion in total value locked

Aave becomes second DeFi protocol to hit $1 billion in total value locked

Aave, a non-custodial lending and borrowing protocol, has become the second decentralized finance (DeFi) protocol to hit $1 billion in total value locked. The milestone means Aave users have deposited $1 billion worth of assets into the protocol for lending and borrowing purposes. Aave recently announced version two of its protocol, preparing a suite of …

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Ethereum locked in DeFi spikes; Total Value Locked nears $1.5 Bn

Ethereum locked in DeFi spikes; Total Value Locked nears $1.5 Bn

The DeFi space has fairly recovered following the cryptocurrency market meltdown three months back and has gained major momentum as it recently surpassed the crucial $1 billion total value locked. In the latest development for the DeFi ecosystem, the total value [USD] locked climbed to a fresh all-time high as it stood at $1.48 billion …

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The total supply of stablecoins has grown 94% since early February

The total supply of stablecoins has grown 94% since early February

The total supply of issued stablecoins has grown 94% since early February, according to The Block Research’s findings. In that time, the total supply grew from $5.68 billion to $11.0 billion. During May, that figure rose from $9.6 billion to $11 billion. As shown in the chart below, the vast majority of stablecoin growth has …

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Multicoin Capital-backed DeFi protocol dForce loses ~$25M total locked value in an exploit

Multicoin Capital-backed DeFi protocol dForce loses ~$25M total locked value in an exploit

dForce, a Multicoin Capital-backed Chinese decentralized finance (DeFi) protocol, has been exploited.  The total value locked in the dForce ecosystem was down by 100% to $6 over the past 24 hours, per DeFi Pulse data. A day ago, the total value locked in the system was $24.9 million. The Lendf.Me website, a lending platform within …

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