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#DECENTRALIZED
EXCHANGES BY WEEKLY TRADING VOLUME
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Lava raises $10M in a Series A funding round #Lava secures $10M in a Series A funding round co-led by Founders Fund and Khosla Ventures. Lava will utilize secured funds to develop and popularize the platform. Lava is a financial services platform that enables users to save in #Bitcoin and spend in dollars. It provides Bitcoin-backed loans and self-custody solutions, empowering financial freedom while mitigating risks tied to the centralized financial system. 👉 fortune.com/2024/12/09/bitcoin-lending-lava-khosla-keith-rabois-founders-fund-venture/
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The total stablecoin market capitalization surpasses $200B According to #CoinGecko data, the total stablecoin market capitalization has hit an all-time high, exceeding $200B, marking a 13% rise over the past month. The growth in stablecoin market capitalization may be fueled by investors drawn to on-chain lending rates that surpass those offered by traditional finance. Alongside the increase in lending rates, #Ethena 's yield-bearing token, sUSDe, has experienced a surge in its annual percentage yield, surpassing 24%. 👉 theblock.co/post/329947/stablecoin-market-cap-200-billion-usd
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