DeFi

Circle has launched a unified cross-chain infrastructure that permits companies to entry USDC balances throughout a number of blockchains. An Aug. 19 announcement labeled the brand new product as Gateway, a system that addresses liquidity fragmentation points that pressure firms to pre-position funds throughout chains and handle complicated rebalancing operations. Gateway combines good contract infrastructure…

Main DEX aggregator 1inch has launched a brand new DeFi characteristic: trustless cross-chain swaps between Solana and over 12 EVM networks, with out counting on bridges or third-party messaging protocols. Out there throughout the 1inch dApp, pockets, and Fusion+ API, customers can now transfer property straight between Solana and all main EVM networks in a…

Solana (SOL) trading activity contracted sharply in the second quarter while the network’s core infrastructure metrics strengthened across multiple dimensions. According to an Aug. 15 report by Messari, the total application revenue generated on the network fell 44.2% quarter-over-quarter to $576.4 million from $1.0 billion.  Furthermore, average daily spot decentralized exchange (DEX) volume dropped 45.4%…

Aave reached multiple all-time highs this week, fueled by the heated crypto market. The money market protocol reached $3 trillion in cumulative deposits on Aug. 15, while surpassing $29 billion in active loans on August 13, according to Token Terminal data. Additionally, Aave’s total value locked (TVL) climbed to a record high above $40 billion on…