Stay current with the latest news, analysis, and trends in Decentralized Finance (DeFi). Explore the world of DeFi protocols and innovation.
DeFi
Decentralized finance (DeFi) protocol Resupply is moving forward with a recovery plan after suffering a $10 million exploit earlier this week. In a newly published proposal, the stablecoin platform suggests burning six million reUSD tokens from its insurance pool to help stabilize the protocol and manage the fallout. Resupply, which
DeFi
Gradient Network has secured $10 million in seed funding to build out its decentralized AI infrastructure stack—a signal that investor interest in alternatives to centralized AI is heating up. The round was led by Pantera Capital, Multicoin Capital, and HSG, three firms known for backing early-stage bets on foundational
DeFi
Galaxy Digital, the investment firm led by Mike Novogratz, has secured $175 million for a new venture fund aimed at backing startups in the decentralized finance (DeFi) and stablecoin space. The announcement, first reported by Fortune on June 26, marks a significant expansion of Galaxy’s presence in the venture
DeFi
Ripple has rolled out a permissioned decentralized exchange (DEX) on the XRP Ledger (XRPL), marking a strategic move aimed at making decentralized finance (DeFi) more accessible and compliant for regulated institutions. The initiative has already gained strong support from Japan’s SBI Group CEO Yoshitaka Kitao, a long-time advocate for
DeFi
Plume, a blockchain platform focused on real-world asset finance (RWAfi), has announced the integration of Agora’s U.S. dollar-backed stablecoin, AUSD, marking a significant step toward scaling decentralized finance within the growing RWA ecosystem. The integration, revealed on June 23, brings Agora’s institutional-grade stablecoin to Plume’s Ethereum
DeFi
Veda, a fast-rising DeFi infrastructure startup, has secured $18 million in new funding to expand its suite of smart contract vault products and push decentralized finance toward mainstream adoption. The round, led by CoinFund, included notable investors like Coinbase Ventures, GSR, Maelstrom, Animoca Ventures, and Mantle EcoFund. High-profile angel investors
DeFi
Paradigm, a major player in early-stage crypto investing, has led a $15 million Series A funding round for Global Token Exchange (GTE), a startup aiming to redefine decentralized trading. The company claims its platform matches the speed of top centralized exchanges like Binance and Coinbase—without compromising on decentralization. GTE
DeFi
Decentralized finance (DeFi) lending protocols have hit a new milestone, with total value locked (TVL) surpassing $55.69 billion—an all-time high that exceeds previous peaks in 2021, 2022, and late 2024. The sharp rise underscores growing investor confidence and renewed momentum across top lending platforms like Aave, Morpho, and
DeFi
DeFi protocol ALEX Lab, built on the Stacks blockchain, has pledged to fully reimburse users affected by a recent $8.3 million exploit—its second major security breach in just over a year. In a statement shared on X (formerly Twitter), ALEX Lab confirmed that the attack exploited a flaw
DeFi
The U.S. Department of Justice is cracking down on a sophisticated North Korean operation that allegedly funneled millions in cryptocurrency to the regime through fake IT workers embedded in blockchain and tech firms around the world. In a forfeiture action filed June 5, the DOJ is seeking to seize
DeFi
Maple Finance, the institutional lending protocol known for its yield-bearing stablecoin syrupUSDC, has officially expanded to the Solana blockchain, signaling a significant move into one of the most active ecosystems in decentralized finance. Announced on June 5, the expansion comes with $30 million in initial liquidity and up to $500,
DeFi
Botanix Labs, the team behind the Bitcoin Layer 2 protocol Botanix, has taken a major step toward full decentralization, officially handing over operational control to a newly formed validator federation. The move marks a shift from a development-led model to a federated, community-driven structure, with prominent names like Antpool, Fireblocks,