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Web3 Lost Over $200 Million to Hackers in Two Months of 2024, More to Come – Immunefi

During the initial two months of 2024, reported hacks within the Web3 sector tallied a staggering sum exceeding $200 million, as revealed in the latest findings from Immunefi, a leading...
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Expert Take: Rising DeFi TVL is Silencing the Doubters

With the rise in Total Value Locked (TVL), DeFi is once again garnering increased interest, according to industry insiders. They assert that DeFi remains robust and poised for further expansion,...
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Ethereum’s TVL Breaches $50 Billion as DeFi Activity Ramps Up

Over the past four months, the Ethereum network has experienced notable growth, buoyed by a surge in decentralized activity alongside increasing institutional investments. According to data from DefiLlama, there has...
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PancakeSwap Reveals ‘Affiliate’ Initiative to Enable Forks Across Blockchains

The decentralized exchange (DEX) and decentralized finance (DeFi) protocol PancakeSwap has initiated a discussion proposal to introduce an “Affiliate” initiative to the DeFi community. The initiative encompasses several objectives, including...
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Helius Secures $9.5M Series A Funding to Boost Solana-Based App Creation

Helius, a startup focused on Solana infrastructure, has successfully secured $9.5 million in Series A funding, led by Foundation Capital. Notable investors participating in this round include Reciprocal Ventures, Chapter...
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Sui Network Records $593 Million TVL as Wider Market Taps $72.7 Billion

Amidst a surge in bullish momentum, the Sui network experienced a significant uptick in transaction activity and Total Value Locked (TVL), mirroring the broader trends across the cryptocurrency market. Recent...
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PlayDapp Security Breach Escalates: Cumulative Losses Surpass $290 Million Mark

The PlayDapp security breach has escalated significantly, with total losses now surpassing $290 million. As per findings from blockchain analytics company Elliptic, the breach led to the pilfering of millions...
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DeFi Protocol Tranchess Launches New Staking Products Offering Fixed and Leveraged Returns

Tranchess, a decentralized protocol specializing in yield solutions tailored for digital assets, has introduced two innovative staking products: “staYETH” and “turYETH.” These offerings aim to cater to investors’ diverse needs...
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Sushi’s Decentralized Derivatives Exchange Susa to Launch on Layer N

Sushi is gearing up to introduce its latest decentralized derivatives exchange, Susa, on the Layer N platform. This endeavor aims to tackle the existing performance issues within decentralized finance. As...
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DeFi TVL Reaches $60 Billion, Highest Level Since August 2022

The decentralized finance (DeFi) sector is currently witnessing a significant surge in popularity, evident in the total value of tokens (TVL) deposited on DeFi-focused blockchains, which has now soared to...
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