Solana has been the talk of the crypto world. It has encountered some congestion hiccups on route. Enter Solaxy, a project looking to become Solana’s first-ever Layer-2 (L2) scaling solution. So what is Solaxy, and how might it change the course of the Solana meme coin arena? Let's dive in.What...
Loopscale, a decentralized finance (DeFi) protocol from Solana, was attacked this week to the tune of $1.2 million. The platform suffered a security breach that resulted in the direct loss of over $5.8 million. This incident represented a loss of about 12% of its Total Value Locked (TVL). This event...
Remember those old Western movies? The same ones where banks got robbed at high noon, and the sheriff was always a day late and a dollar short? Turns out, DeFi is actually the Wild West, but with more complex code and fewer dusty saloons. Loopscale, a Solana-based lending protocol, just...
Meanwhile, Loopscale — a DeFi lending protocol on Solana — has taken a six-figure hit. On April 26th, $5.8 million disappeared, consisting of 5.7 million USDC and 1200 SOL. Ouch. Undercollateralized loans were the attacker’s weapon of choice. Lending markets are currently paused, however, even though some functions have restored....
Remember the TrumpCoin launch on Solana? What a glorious, beautiful, expensive mess. Not to mention if you’re a new user and just saw your transaction fail five times. Fees went through the roof like Snoop Dogg at Coachella while you fumbled to purchase a bag of what are essentially digital...
Indeed, the speed at which RLUSD has stormed Aave is nothing short of incredible. $76 million supplied in just four days? That's not just adoption; that's a statement. Is it really a revolution or simply the equally loud, but somewhat retro nature, echo of the XRP army, turbo charged by...
The cryptocurrency world is abuzz with excitement, especially when it comes to Ripple (XRP) and the company’s newly released stablecoin, RLUSD. Recent developments, including substantial RLUSD growth on Aave and significant XRP transfers, have sparked considerable interest and speculation about XRP's future price trajectory. This blog post unpacks these developments...
Ripple is throwing its weight behind a multichain future. A major component of this strategy is putting its real-world asset, RLUSD, on Ethereum. Aave, the popular decentralized lending protocol witnessed a major development on April 21. This allowed RLUSD to go live on its V3 Ethereum Core market. Together with...
Okay, fam, listen up. Your girl Sokha NFT Trend Editor and resident crypto degen here, ready to suss some truth bombs. I’ve got my ear to the ground, as you might imagine, looking for the next big thing in the digital space. RLUSD could be just the ticket!76M in 4...
Let’s face it, Ethereum’s been the king of the NFT ecosystem for too long. The gas fees? Criminal. The congestion? A digital artist's worst nightmare. We’re not discussing the best way to earn a living selling digital art, let alone subsidizing a medium-sized nation with these transaction fees! Ethereum is...
