Finance Redefined presents your weekly essential decentralized finance insights, highlighting significant developments from the past week. Crypto investors saw a boost in optimism as Pitchbook data showed a 2.5% increase in crypto startup funding to $2.7 billion in Q2 2024, despite a drop in overall investment deals. Tron network outperformed Ethereum in revenue over 90 days, potentially reaching $2 billion by year-end, making it the 'most profitable blockchain.' Vessel, with $10 million in seed funding, aims to enhance DeFi with a layer-3 solution focusing on zero-knowledge technologies. Coinbase submitted a letter to the SEC criticizing proposed exchange definitions. Ethereum hit a milestone with 120 million Ether supply. The majority of the top 100 cryptocurrencies ended the week in the red. Stay tuned for more impactful DeFi updates next week. Read more AI-generated news on: https://app.chaingpt.org/news

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