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As someone who’s been following the cryptocurrency scene closely, I’ve witnessed the rise of Shiba Inu and its impact on the meme world. Shiba Inu started as a playful parody of Dogecoin, but it quickly gained traction, building a passionate community around it. With its growing market capitalization, Shiba Inu has shown that meme coins can have real value and influence. What excites me is how Shiba Inu is pushing the boundaries of what we consider serious in crypto. It's not just a joke anymore; it’s a movement. The project has introduced decentralized finance features, NFTs, and even plans for a metaverse. This blend of fun and functionality is changing the narrative around meme coins, showing that they can contribute meaningfully to the crypto ecosystem. As Shiba Inu continues to gain momentum, I believe we’re on the brink of a new era in the meme coin market—one where these tokens are taken seriously and recognized for their potential to innovate and disrupt. The lines between fun and finance are blurring, and I can’t wait to see where this journey leads us next. #shiba⚡ #Binance #Defi #Finance #Crypto $SHIB {spot}(SHIBUSDT)
As someone who’s been following the cryptocurrency scene closely, I’ve witnessed the rise of Shiba Inu and its impact on the meme world. Shiba Inu started as a playful parody of Dogecoin, but it quickly gained traction, building a passionate community around it. With its growing market capitalization, Shiba Inu has shown that meme coins can have real value and influence.

What excites me is how Shiba Inu is pushing the boundaries of what we consider serious in crypto. It's not just a joke anymore; it’s a movement. The project has introduced decentralized finance features, NFTs, and even plans for a metaverse. This blend of fun and functionality is changing the narrative around meme coins, showing that they can contribute meaningfully to the crypto ecosystem.

As Shiba Inu continues to gain momentum, I believe we’re on the brink of a new era in the meme coin market—one where these tokens are taken seriously and recognized for their potential to innovate and disrupt. The lines between fun and finance are blurring, and I can’t wait to see where this journey leads us next.

#shiba⚡ #Binance #Defi #Finance #Crypto

$SHIB
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📈 $RAY /USDT on the Rise! 🚀 RAY has been making impressive moves today, currently trading at $3.463 with an 8.05% gain! 🟢 The 24-hour high reached $3.534 and a low of $3.020, showing strong momentum. Could this be the start of a major breakout for Raydium (RAY)? With a steady increase in trading volume, RAY might be preparing for even higher levels! 📊🔥 Are you ready to ride the wave? 🌊 Keep an eye on those resistance points and set your targets! #Raydium #RAY #CryptoGains #Binance #Defi $RAY {spot}(RAYUSDT)
📈 $RAY /USDT on the Rise! 🚀

RAY has been making impressive moves today, currently trading at $3.463 with an 8.05% gain! 🟢 The 24-hour high reached $3.534 and a low of $3.020, showing strong momentum.

Could this be the start of a major breakout for Raydium (RAY)? With a steady increase in trading volume, RAY might be preparing for even higher levels! 📊🔥

Are you ready to ride the wave? 🌊 Keep an eye on those resistance points and set your targets!

#Raydium #RAY #CryptoGains #Binance #Defi $RAY
🚨 #STON.fi is the Future of DeFi🚨 #STON.fi is making decentralized finance easier and better. It's fast, easy to use, and has low fees -perfect for anyone looking to swap tokens. Simple swaps let you quickly exchange your tokens with low fees. No need to stress; it's all super easy. You can earn more by staking $STON and $GEMSTON on #STON.fi ,getting high rewards with little effort. What's coming next is even more exciting. Imagine swapping tokens across different blockchains or using a mobile app to manage everything. New tools will also make trading safer and help you find the best opportunities. #Defi #ston $TON
🚨 #STON.fi is the Future of DeFi🚨
#STON.fi is making decentralized finance easier and better. It's fast, easy to use, and has low fees
-perfect for anyone looking to swap tokens.
Simple swaps let you quickly exchange your tokens with low fees. No need to stress; it's all
super easy.
You can earn more by staking $STON and
$GEMSTON on #STON.fi ,getting high rewards with little effort.
What's coming next is even more exciting.
Imagine swapping tokens across different blockchains or using a mobile app to manage everything.
New tools will also make trading safer and help you find the best opportunities.
#Defi #ston $TON
Discovering ArithFi: Changing How We Trade Derivatives isIn the world of decentralized finance (DeFi), there's a new project called ArithFi that's doing something special with derivatives. I did some digging into ArithFi, and here's what I found out:ArithFi is all about making derivatives trading easier and fairer. Instead of relying on big companies to manage trades, ArithFi uses smart contracts, which are like computer programs, to handle everything. This means there are no middlemen, and anyone can join in without needing special permission.One thing I really liked about ArithFi is that it's built with the community in mind. Everyone who owns ArithFi tokens has a say in how things are run, which makes it feel like we're all in it together.When I looked into how ArithFi's tokens are distributed, it seemed pretty straightforward. There's a total of 1 billion tokens, and some are set aside for investors, the team, and other important activities. This shows that ArithFi wants to be fair and transparent.I also checked out ArithFi's plans for the future, and they seem really ambitious. They're working on making the platform even better and exploring new ways to connect with other blockchain networks.Overall, ArithFi looks like an exciting project that's making waves in the world of DeFi. If you're interested in trading derivatives in a fairer and more accessible way, ArithFi might be worth looking into. But don't just take my word for it – do your own research and see if ArithFi is right for you!#ArithFI #Defi #Derivative

Discovering ArithFi: Changing How We Trade Derivatives is

In the world of decentralized finance (DeFi), there's a new project called ArithFi that's doing something special with derivatives. I did some digging into ArithFi, and here's what I found out:ArithFi is all about making derivatives trading easier and fairer. Instead of relying on big companies to manage trades, ArithFi uses smart contracts, which are like computer programs, to handle everything. This means there are no middlemen, and anyone can join in without needing special permission.One thing I really liked about ArithFi is that it's built with the community in mind. Everyone who owns ArithFi tokens has a say in how things are run, which makes it feel like we're all in it together.When I looked into how ArithFi's tokens are distributed, it seemed pretty straightforward. There's a total of 1 billion tokens, and some are set aside for investors, the team, and other important activities. This shows that ArithFi wants to be fair and transparent.I also checked out ArithFi's plans for the future, and they seem really ambitious. They're working on making the platform even better and exploring new ways to connect with other blockchain networks.Overall, ArithFi looks like an exciting project that's making waves in the world of DeFi. If you're interested in trading derivatives in a fairer and more accessible way, ArithFi might be worth looking into. But don't just take my word for it – do your own research and see if ArithFi is right for you!#ArithFI #Defi #Derivative
Layer-2 Blast and Crypto ValleysBlast, an Ethereum layer-2 blockchain, is witnessing increased gaming activity, particularly from the game Crypto Valleys5. Crypto Valleys offers a gaming experience focused on DeFi enthusiasts, with NFT-based seeds and YIELD token rewards5. The YIELD token's trading volume surge and the distribution of character NFTs have contributed to the popularity of Crypto Valleys5. #Write2Earn‏ #Binance #Blast_L2 #NFT #Defi $ETH

Layer-2 Blast and Crypto Valleys

Blast, an Ethereum layer-2 blockchain, is witnessing increased gaming activity, particularly from the game Crypto Valleys5.
Crypto Valleys offers a gaming experience focused on DeFi enthusiasts, with NFT-based seeds and YIELD token rewards5.
The YIELD token's trading volume surge and the distribution of character NFTs have contributed to the popularity of Crypto Valleys5.
#Write2Earn‏ #Binance #Blast_L2 #NFT #Defi $ETH
What is #Defi ( DECENTRALIZED FINANCE ) ? Decentralized finance, or DeFi, uses emerging technology to remove third parties and centralized institutions from financial transactions. The components of DeFi are cryptocurrencies, blockchain technology, and software that allow people to transact financially with each other. $BTC $ETH $BNB
What is #Defi ( DECENTRALIZED FINANCE ) ?
Decentralized finance, or DeFi, uses emerging technology to remove third parties and centralized institutions from financial transactions. The components of DeFi are cryptocurrencies, blockchain technology, and software that allow people to transact financially with each other.
$BTC $ETH $BNB
My favorite narratives & my price targets this #crypto bullrun: 🤖#AI 1: $MOROS - 50x to 100x 2: $OPSEC - 30x to 50x 3: $AGI - 17x to 22x 4: $AGIX - 20x to 25x 5: $PAAL - 20x to 30x 6: $FET - 15x to 20x 7: $RNDR - 10x to 13x 8: $OCEAN - 15x to 20x 9: $TAO - 8x to 13x 10: $AKT - 18x to 25x ⛓️Layer 1 1: $ADA - 5x to 7x 2: $HBAR - 8x to 11x 3: $INJ - 7x to 10x 4: $APT - 10x to to 13x 5: $ATOM - 8x to 10x 6: $SEI - 13x to 16x 7: $SUI - 13x to 16x 8: $BTC - 2x max 9: $KAS - 12x to 15x 10: $ALGO - 8x to 11x 11: $NEAR - 9x to 12x 12: $SOL - 4x to 6x 🔮#Defi 1: $GRT - 9x to 11x 2: $AAVE - 8x to 11x 3: $WOO - 10x to 14x 4: $RAY - 14x to 18x 5: $MKR - 5x to 7x 6: $RUNE - 15x to 18x 7: $ROSE - 15x to 20x 8: $JUP - 7x to 10x 9: $CRV - 8x to 11x 10: $LINK - 6x to 9x 11: $UNI - 5x to 7x 🌐Layer 2 1: $ARB - 7x to 10x 2: $STRK - 6x to 8x 3: $MNT - 5x to 10x 4: $IMX - 12x to 15x 5: $METIS - 18x to 25x 6: $MATIC - 5x to 7x 7: $OP - 8x to 11x 8: $MANTA - 12x to 15x I hope you enjoyed this list & let me know if i missed anything!
My favorite narratives & my price targets this #crypto bullrun:

🤖#AI

1: $MOROS - 50x to 100x
2: $OPSEC - 30x to 50x
3: $AGI - 17x to 22x
4: $AGIX - 20x to 25x
5: $PAAL - 20x to 30x
6: $FET - 15x to 20x
7: $RNDR - 10x to 13x
8: $OCEAN - 15x to 20x
9: $TAO - 8x to 13x
10: $AKT - 18x to 25x

⛓️Layer 1

1: $ADA - 5x to 7x
2: $HBAR - 8x to 11x
3: $INJ - 7x to 10x
4: $APT - 10x to to 13x
5: $ATOM - 8x to 10x
6: $SEI - 13x to 16x
7: $SUI - 13x to 16x
8: $BTC - 2x max
9: $KAS - 12x to 15x
10: $ALGO - 8x to 11x
11: $NEAR - 9x to 12x
12: $SOL - 4x to 6x

🔮#Defi

1: $GRT - 9x to 11x
2: $AAVE - 8x to 11x
3: $WOO - 10x to 14x
4: $RAY - 14x to 18x
5: $MKR - 5x to 7x
6: $RUNE - 15x to 18x
7: $ROSE - 15x to 20x
8: $JUP - 7x to 10x
9: $CRV - 8x to 11x
10: $LINK - 6x to 9x
11: $UNI - 5x to 7x

🌐Layer 2

1: $ARB - 7x to 10x
2: $STRK - 6x to 8x
3: $MNT - 5x to 10x
4: $IMX - 12x to 15x
5: $METIS - 18x to 25x
6: $MATIC - 5x to 7x
7: $OP - 8x to 11x
8: $MANTA - 12x to 15x

I hope you enjoyed this list & let me know if i missed anything!
#Defi TVL has surged more than $18 Billion Dollar from October 2023 Is this the new start of #Defi season?
#Defi TVL has surged more than $18 Billion Dollar from October 2023
Is this the new start of #Defi season?
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🧿 2025 🧿 Your friend - 🤖#AI Your teacher - 🤖AI Your mentor - 🤖AI Your doctor - 🤖AI Your accountant - 🤖AI Your computer - powered by 🤖AI Your wallet - powered by 🤖AI Your travel planner - 🤖AI Your home security - 🤖AI Your fitness coach - 🤖AI
🧿 2025 🧿
Your friend - 🤖#AI
Your teacher - 🤖AI
Your mentor - 🤖AI
Your doctor - 🤖AI
Your accountant - 🤖AI
Your computer - powered by 🤖AI
Your wallet - powered by 🤖AI
Your travel planner - 🤖AI
Your home security - 🤖AI
Your fitness coach - 🤖AI
One thing i know for sure is that #UniLend V2 will introduce pools for dual assets. Dual asset pools prevent the tokens in a specific pool to be immune to price and liquidity fluctuations of assets in other pools. Get ready to unlock endless #Defi possibilites on 12th Feb
One thing i know for sure is that #UniLend V2 will introduce pools for dual assets. Dual asset pools prevent the tokens in a specific pool to be immune to price and liquidity fluctuations of assets in other pools.

Get ready to unlock endless #Defi possibilites on 12th Feb
Synthetix co-founder Kain Warwick has launched Infinex, a new front-end platform that simplifies decentralized finance (DeFi) applications into a single, user-friendly interface. The platform aims to reduce barriers to entry in DeFi, such as complicated wallet setups, bridging assets, and gas fees. #Synthetix #Infinex #Defi #buythedip #Memecoins
Synthetix co-founder Kain Warwick has launched Infinex, a new front-end platform that simplifies decentralized finance (DeFi) applications into a single, user-friendly interface.

The platform aims to reduce barriers to entry in DeFi, such as complicated wallet setups, bridging assets, and gas fees.

#Synthetix #Infinex #Defi #buythedip #Memecoins
Alfred announces collaboration with Layerswap for bridging functionality, offering near-instant speed, best rates, simple UX, and support for all Alfred chains. #Defi #alfred #Layerswap #BullorBear
Alfred announces collaboration with Layerswap for bridging functionality, offering near-instant speed, best rates, simple UX, and support for all Alfred chains.

#Defi #alfred #Layerswap #BullorBear
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Here's the latest news in the cryptocurrency space: 🔸 🎙 Hashing It Out: Memeland and the SocialFi experiment with CEO Ray Chan 🔸 🌐 #Defi meets #TradFi: This platform aims to make crypto accessible to all 🔸 👀 Spot Bitcoin #ETFs add 151K $BTC amidst #GBTC dump in January 🔸 🤔 What to expect in the next bull run? 🔸 🚨 Three Arrows co-founders’ OPNX exchange is shutting down 🔸 📰 Here’s what happened in crypto today: 🔸 FTX’s $400M hack linked to SIM swap attack, feds charge 3 🔸 🔗 Liquid staking is changing the way crypto enthusiasts engage with their assets 🔸 👀 Binance froze $4.2M of $#XRP from hack on Ripple co-founder’s wallet 🔸 🇪🇸 Euro-backed stablecoin trials begin in Spain
Here's the latest news in the cryptocurrency space:
🔸 🎙 Hashing It Out: Memeland and the SocialFi experiment with CEO Ray Chan
🔸 🌐 #Defi meets #TradFi: This platform aims to make crypto accessible to all
🔸 👀 Spot Bitcoin #ETFs add 151K $BTC amidst #GBTC dump in January
🔸 🤔 What to expect in the next bull run?
🔸 🚨 Three Arrows co-founders’ OPNX exchange is shutting down
🔸 📰 Here’s what happened in crypto today:
🔸 FTX’s $400M hack linked to SIM swap attack, feds charge 3
🔸 🔗 Liquid staking is changing the way crypto enthusiasts engage with their assets
🔸 👀 Binance froze $4.2M of $#XRP from hack on Ripple co-founder’s wallet
🔸 🇪🇸 Euro-backed stablecoin trials begin in Spain
The latest and most important #Defi events that will make it a big deal The decentralized finance (Defi) industry has witnessed tremendous growth in recent years, with the value of assets managed in Defi protocols exceeding $200 billion in 2022. This growth is due to a number of factors, including: These include lower transaction costs, increased access to finance, and access to new financial products and services. Here are some of the latest and most important Defi events that are expected to make it an important event in the coming years: Launch of new Defi projects: New Defi projects are constantly being launched, providing more options for investors and users. Some of the new projects launched recently include Abracadabra.Money, OlympusDAO, and Wonderland.Money. Increased Institutional Adoption: Major financial institutions have begun to adopt Defi, indicating that the sector is becoming more mature. Some institutions that have adopted Defi include Goldman Sachs, JPMorgan Chase, and Citigroup. Regulation: Regulators are stepping up efforts to regulate Defi, which could lead to more sustainable growth of the sector. The Importance of Defi Events Defi events contribute to the growth of the overall sector, providing more options for investors and users. Some of the benefits that Defi events provide include: Increased financial inclusion: Defi can help increase financial inclusion by providing access to finance to people who cannot access traditional financial services. Enhancing competition: Defi can help promote competition in the financial sector, which may lead to lower prices for financial products and services. New innovation: Defi can help with innovation in the financial sector, which can lead to the development of new financial products and services. Conclusion The Defi industry is expected to continue to grow and develop in the coming years. Defi events will play an important role in this growth, which will help make Defi an important event in the financial world.#DeFiChallenge #DeFiMeme
The latest and most important #Defi events that will make it a big deal
The decentralized finance (Defi) industry has witnessed tremendous growth in recent years, with the value of assets managed in Defi protocols exceeding $200 billion in 2022. This growth is due to a number of factors, including: These include lower transaction costs, increased access to finance, and access to new financial products and services.
Here are some of the latest and most important Defi events that are expected to make it an important event in the coming years:
Launch of new Defi projects: New Defi projects are constantly being launched, providing more options for investors and users. Some of the new projects launched recently include Abracadabra.Money, OlympusDAO, and Wonderland.Money. Increased Institutional Adoption: Major financial institutions have begun to adopt Defi, indicating that the sector is becoming more mature. Some institutions that have adopted Defi include Goldman Sachs, JPMorgan Chase, and Citigroup. Regulation: Regulators are stepping up efforts to regulate Defi, which could lead to more sustainable growth of the sector.
The Importance of Defi Events
Defi events contribute to the growth of the overall sector, providing more options for investors and users. Some of the benefits that Defi events provide include:
Increased financial inclusion: Defi can help increase financial inclusion by providing access to finance to people who cannot access traditional financial services. Enhancing competition: Defi can help promote competition in the financial sector, which may lead to lower prices for financial products and services. New innovation: Defi can help with innovation in the financial sector, which can lead to the development of new financial products and services.
Conclusion
The Defi industry is expected to continue to grow and develop in the coming years. Defi events will play an important role in this growth, which will help make Defi an important event in the financial world.#DeFiChallenge #DeFiMeme
🚀 AI will Follow DeFi 🌐 Exciting Long-Term Bets in the AI Industry: 🔮 $ENQAI - Target: $2 🌐 $GLQ - Target: $3 🤖 $EMC - Target: $50 💡 $AGC - Target: $100 💰 $wBAI - Target: $2000 🚀 $ORAI - Target: $400 🧠 $NMT - Target: $500 🚀 Early Entry Advantage! 💪 Holding Strong & Loading on Dips! 👀 Keep an Eye on These Moonshot Opportunities: - $TAO and others in the moonbag. 📈 Sell-Out Prices Set! 🚀 Will These Projects Hit Them? Let's Wait and Watch. 2024 - The Year AI Dominates! 🤖📊 Top Sectors for This Bull Run: 1. 🤖 AI 2. 🔐 DePIN 3. 🎮 GameFi 4. 💼 RWA 5. 🔒 Privacy 6. ⛏️ PoW Highly Optimistic About: - 🚀 Memes - 🧪 DeSci - 💼 BRC20 - 🧩 Modularity - 🔄 Restaking - 🌐 ZK 📊 What Sectors Are You Most Bullish On? Share Your Insights! 🚀🔮 #AIInvestments #Defi #HotTrends
🚀 AI will Follow DeFi 🌐
Exciting Long-Term Bets in the AI Industry:
🔮 $ENQAI - Target: $2
🌐 $GLQ - Target: $3
🤖 $EMC - Target: $50
💡 $AGC - Target: $100
💰 $wBAI - Target: $2000
🚀 $ORAI - Target: $400
🧠 $NMT - Target: $500
🚀 Early Entry Advantage!
💪 Holding Strong & Loading on Dips!
👀 Keep an Eye on These Moonshot Opportunities:
- $TAO and others in the moonbag.
📈 Sell-Out Prices Set! 🚀 Will These Projects Hit Them? Let's Wait and Watch.
2024 - The Year AI Dominates! 🤖📊
Top Sectors for This Bull Run:
1. 🤖 AI
2. 🔐 DePIN
3. 🎮 GameFi
4. 💼 RWA
5. 🔒 Privacy
6. ⛏️ PoW
Highly Optimistic About:
- 🚀 Memes
- 🧪 DeSci
- 💼 BRC20
- 🧩 Modularity
- 🔄 Restaking
- 🌐 ZK
📊 What Sectors Are You Most Bullish On? Share Your Insights! 🚀🔮 #AIInvestments #Defi #HotTrends
$Examining The Top 7 Cryptocurrency Forecasts For The Impending 2024 Bull Market It is anticipated that the decentralized finance (DeFi) sector would continue to grow. Because DeFi platforms offer a variety of financial services without the need for traditional middlemen, it is projected that they will acquire more popularity and attract more users and investors. NFT Market Evolution: Non-fungible tokens, or NFTs, have been incredibly popular in the last few years. The development of the market is anticipated to be fueled by greater NFT integration with other sectors, including entertainment, gaming, and the arts. There may be further uses for NFTs during the boom. Ethereum 2.0 Development: One significant development of Ethereum 2.0 is the adoption of a proof-of-stake consensus mechanism. The progress of Ethereum 2.0 may benefit both the market's attitude and the price of Ethereum. Increased Regulatory attention: As the Bitcoin industry grows, there will undoubtedly be an increase in regulatory attention. Governments and regulatory bodies may establish more transparent regulations for cryptocurrencies, which would influence market behavior and promote increased institutional involvement. Emergence of Central Bank Digital Currencies (CBDCs): Central banks over the world are looking at and establishing virtual currencies. The increasing discussions and developments around digital currencies issued by central banks during the upcoming bull run could have an effect on the larger cryptocurrency ecosystem. The future of the cryptocurrency market is dynamically depicted in the top seven predictions for the impending bull run. The cryptocurrency environment is changing due to a number of factors, including the continued dominance of Bitcoin, the predicted rise in altcoins, the development of decentralized finance (DeFi), and the revolutionary effects of Ethereum 2.0. #BTC #Bitcoin #Ethereum! #Defi #NFT
$Examining The Top 7 Cryptocurrency Forecasts For The Impending 2024 Bull Market

It is anticipated that the decentralized finance (DeFi) sector would continue to grow. Because DeFi platforms offer a variety of financial services without the need for traditional middlemen, it is projected that they will acquire more popularity and attract more users and investors.

NFT Market Evolution:
Non-fungible tokens, or NFTs, have been incredibly popular in the last few years. The development of the market is anticipated to be fueled by greater NFT integration with other sectors, including entertainment, gaming, and the arts. There may be further uses for NFTs during the boom.

Ethereum 2.0 Development:
One significant development of Ethereum 2.0 is the adoption of a proof-of-stake consensus mechanism. The progress of Ethereum 2.0 may benefit both the market's attitude and the price of Ethereum.

Increased Regulatory attention:
As the Bitcoin industry grows, there will undoubtedly be an increase in regulatory attention. Governments and regulatory bodies may establish more transparent regulations for cryptocurrencies, which would influence market behavior and promote increased institutional involvement.

Emergence of Central Bank Digital Currencies (CBDCs):
Central banks over the world are looking at and establishing virtual currencies. The increasing discussions and developments around digital currencies issued by central banks during the upcoming bull run could have an effect on the larger cryptocurrency ecosystem.

The future of the cryptocurrency market is dynamically depicted in the top seven predictions for the impending bull run. The cryptocurrency environment is changing due to a number of factors, including the continued dominance of Bitcoin, the predicted rise in altcoins, the development of decentralized finance (DeFi), and the revolutionary effects of Ethereum 2.0.

#BTC #Bitcoin #Ethereum! #Defi #NFT
About the improvement plan of ATOM: That is, 50% of ICS and MEV revenues are used to purchase and destroy ATOMs. The other 50% is distributed to ATOM stakers. #Atom #cosmos ❤️Follow me, focus on #Options & #Defi 💛
About the improvement plan of ATOM:

That is, 50% of ICS and MEV revenues are used to purchase and destroy ATOMs. The other 50% is distributed to ATOM stakers. #Atom #cosmos

❤️Follow me, focus on #Options & #Defi 💛
DeFi platform Oasis exploited its own #wallet after receiving green signal from law enforcement agencies to retrieve assets stolen during a wormhole attack which is deemed one of the biggest hacks. #Coinarth #Defi #Cryptonews
DeFi platform Oasis exploited its own #wallet after receiving green signal from law enforcement agencies to retrieve assets stolen during a wormhole attack which is deemed one of the biggest hacks.

#Coinarth #Defi #Cryptonews
90% Of DeFi Insurance Claims Paid Out In 2022According to a recent report by OpenCover, a data analytics firm, 90% of the value of DeFi insurance claims have been paid out in 2022 due to the increasing risks in the industry. The report stated that DeFi insurance companies paid out compensation totaling $34.4 million to customers in 2022, equivalent to 90% of the total insured value. Some notable claims were related to major events such as the Depeg UST, where $22.5 million was paid out, and the FTX collapse, where $4.7 million was paid out. The data from providers showed that a total of 19,839 insurance contracts were sold, with 552 claims and 379 payments. The number of contracts sold since November 6, 2022, has increased by 85% compared to four months prior when the news of FTX’s instability broke out. In addition, the demand for insurance has been fueled by speculation in Layer-2 airdrops, such as Arbitrum. Following the announcement of the airdrop, the rate of insurance purchases increased significantly by 15%. The primary buyers of DeFi insurance are DAO organizations, project development teams, hedge funds, and high-net-worth individuals. There is very little demand from small-scale investors. Currently, the total liquidity that DeFi insurance providers have committed to guaranteeing their customers amounts to 186,000 ETH (approximately $286 million). However, despite the general increase in demand for DeFi insurance, this capital only supports insurance for operations valued at 151,000 ETH (approximately $231 million), equivalent to about 0.5% of the total locked-up value of $48 billion in DeFi. OpenCover’s report collected data over the past nine months from seven EVM-compatible blockchains. The list of insurance providers mentioned includes Nexus Mutual, Unslashed Finance, InsurAce, Chainproof, Sherlock, Neptune Mutual, Risk Harbor, InsureDAO, and Ease. Among them, Nexus Mutual dominates the market, accounting for 80% of the total market capitalization. It is clear that the market is paying more attention to the cryptocurrency insurance industry. However, this segment still faces limitations such as scalability, high costs, trust in insurance companies, or different regulations compared to traditional insurance. Solving these issues on a large scale could be the key to sparking and developing the application of DeFi for the public. #Defi #Insurance #crypto2023 #crypto2023 #azcoinnews This article was republished from azcoinnews.com Follow us on Telegram @azcoinnews and Twitter @azcoinnews

90% Of DeFi Insurance Claims Paid Out In 2022

According to a recent report by OpenCover, a data analytics firm, 90% of the value of DeFi insurance claims have been paid out in 2022 due to the increasing risks in the industry. The report stated that DeFi insurance companies paid out compensation totaling $34.4 million to customers in 2022, equivalent to 90% of the total insured value.

Some notable claims were related to major events such as the Depeg UST, where $22.5 million was paid out, and the FTX collapse, where $4.7 million was paid out. The data from providers showed that a total of 19,839 insurance contracts were sold, with 552 claims and 379 payments. The number of contracts sold since November 6, 2022, has increased by 85% compared to four months prior when the news of FTX’s instability broke out.

In addition, the demand for insurance has been fueled by speculation in Layer-2 airdrops, such as Arbitrum. Following the announcement of the airdrop, the rate of insurance purchases increased significantly by 15%.

The primary buyers of DeFi insurance are DAO organizations, project development teams, hedge funds, and high-net-worth individuals. There is very little demand from small-scale investors.

Currently, the total liquidity that DeFi insurance providers have committed to guaranteeing their customers amounts to 186,000 ETH (approximately $286 million). However, despite the general increase in demand for DeFi insurance, this capital only supports insurance for operations valued at 151,000 ETH (approximately $231 million), equivalent to about 0.5% of the total locked-up value of $48 billion in DeFi.

OpenCover’s report collected data over the past nine months from seven EVM-compatible blockchains. The list of insurance providers mentioned includes Nexus Mutual, Unslashed Finance, InsurAce, Chainproof, Sherlock, Neptune Mutual, Risk Harbor, InsureDAO, and Ease. Among them, Nexus Mutual dominates the market, accounting for 80% of the total market capitalization.

It is clear that the market is paying more attention to the cryptocurrency insurance industry. However, this segment still faces limitations such as scalability, high costs, trust in insurance companies, or different regulations compared to traditional insurance. Solving these issues on a large scale could be the key to sparking and developing the application of DeFi for the public.

#Defi #Insurance #crypto2023 #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

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