DeFi Data

1. Total market value of DeFi tokens: $71.131 billion

DeFi total market value Data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was US$4.777 billion

The transaction volume of decentralized exchanges in the past 24 hours. Data source: coingecko

3. Assets locked in DeFi: $82.951 billion

The top ten rankings of DeFi projects with locked assets and locked-in amounts. Data source: defillama

NFT Data

1. Total NFT market value: $26.364 billion

NFT total market value, top ten projects by market value Data source: Coinmarketcap

2. 24-hour NFT trading volume: $2.337 billion

NFT total market value, top ten projects by market value Data source: Coinmarketcap

3. Top NFTs in 24 hours

Top 10 NFTs with the highest sales growth in 24 hours Data source: NFTGO

Headlines

Maker (now Sky)’s new stablecoin has a freezing function, which raises questions about centralization

On August 28, crypto KOL laurence and others said that Maker's (now Sky) new stablecoin USDS has a function that allows its issuer to freeze tokens. Maker has also been questioned about centralization. In response, Maker co-founder Rune Christensen clarified that there will be no freezing function when the new protocol is released, only an upgrade function, "so later governance can decide how to implement similar freezing functions based on considering all data and find ways to prevent risk factors as much as possible."

NFT Hot Spots

1. Magic Eden launches NFT casting aggregation terminal

Golden Finance reported that Magic Eden launched the NFT minting aggregation terminal - Mint Terminal, which currently allows users to mint NFTs on Ethereum, Polygon and Base chains with one click on Mint Terminal.

DeFi Hotspot

1. Andre Cronje: Optimistic about the advantages of DeFi over traditional finance

Golden Finance reported that Andre Cronje, a director of the Fantom Foundation and the current chief technology officer of Sonic Labs (formerly Fantom), published an article titled "Why DeFi?" to explain why he is optimistic about DeFi. Andre Cronje said in the article: The core of finance has always been to empower idle assets and put idle assets to work. Due to fraud, crime, and an evolving society, it has become increasingly difficult to judge whether the person who wants to borrow money is respectable. But DeFi does not judge. According to the rules of the system, everyone is treated the same, and the rules are open and transparent for everyone to see. Users' home loans were rejected by traditional banks, and they may not even know why. But if a DeFi loan is rejected, the reason will be clear. Defi is a core building block of a decentralized society, but it is just the beginning, and there is more to do.

2. Cardano will carry out the "Chang Hard Fork" upgrade on September 1, introducing on-chain governance functions

Golden Finance reported that the Cardano blockchain is about to undergo the biggest upgrade in two years, the "Chang Hard Fork", whose main function is to introduce an on-chain governance mechanism. Users holding ADA will be able to elect representatives (dReps) and vote on improvement proposals and future technical changes. The upgrade was originally scheduled for this week, but it has been postponed to September 1 because some exchanges need time to prepare the system. The Chang hard fork is part of Cardano's "Voltaire era" and aims to achieve a self-sustaining blockchain system managed by the community. The upgrade also includes the core improvement proposal CIP-1694, which will strengthen the community's control over the network through governance structures such as the Constitutional Committee, dReps, and staking pool operators.

3. Aave contributor bgdlabs: It was detected that some Aave peripheral contracts were attacked, and all user funds are safe

On August 28, Aave contributor bgdlabs said that a series of transactions across different networks were detected today, showing attacks on certain Aave peripheral contracts (peripheral contracts, which are not part of the Aave protocol itself and are only used on the app.aave.com user interface). The Aave core smart contract involved in all pool dynamics was not affected and has nothing to do with these transactions. The affected smart contract only interacts with the users who use it and the contract itself. This means that any potential attacker cannot affect any other user. In these transactions, no funds were withdrawn from any user, and all users' funds are completely safe in terms of Aave-related aspects. As a precaution, the maintainers of app.aave.com (Aave Labs) have temporarily disabled these functions and any other functions of a similar nature while we complete our research.

4. Starknet mainnet completes v0.13.2 upgrade, supports parallel execution and block packaging

Golden Finance reported that Starknet announced that it has completed the Starknet v0.13.2 (Bolt) upgrade on the mainnet, supporting parallel execution and block packing. Parallel execution enables transactions within the Starknet sorter to be executed simultaneously, and block packing batches multiple L2 blocks into a special application recursive proof. Through block packing, each Starknet state update processes multiple Starknet blocks, allowing batch processing of L1 fixed costs.

5. Worldcoin integrates stablecoin cross-chain protocol Bridge

Golden Finance reported that Worldcoin announced that World Chain has been integrated with the stablecoin cross-chain protocol Bridge, enabling users to introduce USDT or USDC on any blockchain into World Chain. Bridge is a newly launched cross-chain protocol. Bridge founder Zach once led the product and design team at Coinbase.

6. Aave proposes to deploy a new version of GHO stable module to support BlackRock BUIDL integration

Golden Finance reported that Aave Labs proposed to build and deploy a new version of the GHO Stable Module (GSM) to support reserve allocation and management functions, achieve third-party integration, and especially support integration with BlackRock's BUIDL infrastructure. The proposal aims to improve the capital efficiency of GSM while maintaining the high standard of USDC as a backing for GHO. The new GSM will support a 1:1 fixed ratio of USDC and GHO swaps, and use USDC surplus to mint BUIDL tokens. It is reported that BUIDL is a product deployed by BlackRock on the Ethereum network, providing instant liquidity to on-chain participants, with a current issuance volume of more than US$500 million.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.