DeFI News by Thebittimes.Com

The cryptocurrency market in 2024 has entered a strong bull cycle, with Bitcoin hitting all-time highs and sectors like DeFi and Web3 experiencing rapid growth. This renewed momentum has created both opportunities and obstacles for cryptocurrency exchanges.   Amid rising user activity and intense competition, CoinEx has distinguished itself as a leading platform. Its remarkable growth can be attributed to strategic decision-making and a targeted focus on expanding into emerging markets. In light of this, investors are searching for affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now . 5 Best Altcoins to Buy Now Beam (BEAM), a cryptocurrency driving the Tactical Compute initiative, is trading at 0.03336. Solana (SOL) is the fifth-largest cryptocurrency by market capitalization. Meanwhile, market sentiment around Aethir remains optimistic.   Flockerz ($FLOCK), a new meme coin, is gaining attention in the crypto sp...

According to Johnny_TVL, Maker Protocol’s governing body, MakerDAO, had its revenues fall by up to 86% in Q3 of 2022. Johnny highlights that the reduction in revenue is due to weak loan demands, and some liquidations. MakerDAO’s earnings fell from $30 million in Q2 to a mere $4 million in Q3. While revenues plummeted, expenses have remained high. This is the first net income loss for the protocol since 2020. @MakerDAO third quarter was a painful one for the decentralized lender. Notables: – revs fell 86%, collateral ratio down to 1.1 – G-UNI dominating, is this increasing liquidity and on-chain volumes for DAI? – wBTC reliance on whales/institutions – RWAs – Endgame 🧵 1/n pic.twitter.com/OrJ7JvFSM3 — Johnny_TVL (@john_tv_locke) October 13, 2022 As per the data shared by the Twitter user, Maker DAO’s revenue from Ethereum-based assets fell by 74%. On the other hand, revenue from Bitcoin-based assets fell by 66%. Ether (E...