DeFi
Locking ENA tokens now yields a 50% boost in Ethena’s points program, leading to larger airdrops later this year.
Ethereum
Base is now the third-largest layer 2 network, after Arbitrum One and OP Mainnet, with $4.17 billion in Total Value Locked.
Aave’s Marc Zeller suggested turning on a so-called “fee switch,” which could distribute protocol fees to stakers and token holders.
Solana
Blockaid’s findings highlight the need for increased security measures in the Solana ecosystem, according to the cybersecurity firm’s co-founder Ido Ben-Natan.
The decentralized exchange (DEX) is already the sixth largest across all blockchain networks by total value locked.
The upgrade is designed to accommodate the increasing number of new tokens on Jupiter and Solana in response to users of the decentralized exchange aggregator experiencing transaction difficulties.
Regulation
The sale price of $64 per token represents an almost two-thirds discount to the current price of Solana.
Bitcoin
Binance advises users to withdraw their Bitcoin NFTs from its marketplace as it discontinues support for these tokens as part of an effort to “streamline product offerings.”
The Solana blockchain is experiencing a high rate of failed transactions amid massive trading volumes that has led to network congestion.
USDe’s extremely high yields and the fact that it’s not backed by fiat are reminiscent of Terra’s notorious failed stablecoin. But there are important differences between the two.
