Breaking News: PROTOCOLS – Market Insights, Analysis & Latest Updates

PROTOCOLS

ZKX investors, market makers say they were blindsided by sudden shutdown

Investors and market makers involved with the recently-shuttered ZKX decentralized exchange say they were blindsided by the shutdown announcement, having received no advance warning. ZKX’s founder has defended himself against rug pull allegations from investors, arguing that advance notice could have crippled the protocol.

theblock.co • 03/08/2024 - 22:56 PM

Polymarket crosses $1 billion in cumulative volume, driven by US political bets

Polymarket, a decentralized prediction market, exceeded $1 billion in trading volume, driven by political event speculation and a growing user base, particularly around the U.S. presidential race.

theblock.co • 02/08/2024 - 08:21 AM

Raydium, Pump.Fun and Jito lead as Solana’s top fee generators

Solana's on-chain activity surged, with Raydium leading in DEX fees, Pump.Fun thriving in memecoins, and Jito excelling in MEV tips, driving significant user engagement.

theblock.co • 02/08/2024 - 06:18 AM

Kujira token drops 40% as team's on-chain leveraged positions get liquidated

Kujira's KUJI token dropped 40% due to liquidations from the foundation's leveraged operations, resulting in $2 million debt and community impact.

theblock.co • 01/08/2024 - 12:45 PM

ZachXBT alleges Alameda-backed ZKX announced raise and launched token despite shutdown risk

ZKX is shutting down due to minimal user engagement and funding issues, prompting investor concerns over the project's viability and potential misrepresentation.

theblock.co • 01/08/2024 - 12:33 PM

ZachXBT alleges Alameda-backed ZKX announced raise and launched token despite shutdown risk

ZKX, a derivatives trading DEX, is shutting down due to funding issues, prompting allegations of misleading practices and 'rugpull' accusations from the community.

theblock.co • 01/08/2024 - 12:33 PM

Elixir launches 'fully decentralized' synthetic dollar aiming to challenge Ethena's USDe

Elixir has rolled out its synthetic dollar ‘deUSD’ to challenge Ethena’s USDe. Elixir claims to have $1 billion in liquidity lined up to back the new yield-bearing token.

theblock.co • 31/07/2024 - 14:05 PM

Coinbase-backed Router Protocol launches its own Layer 1 blockchain

Router Protocol has launched Router Chain, a Layer 1 network for decentralized applications, using proof-of-stake consensus to enhance multi-blockchain interactions and liquidity.

theblock.co • 30/07/2024 - 13:00 PM

PROTOCOLS

$24 million Compound Finance proposal passed by whale over DAO objections

Compound Finance faces allegations of a governance attack related to Proposal 289, with claims of manipulation by the Golden Boys causing controversy and market impact.

theblock.co • 28/07/2024 - 22:58 PM

Brevan Howard Digital joins Monad liquid staking protocol Kintsu's $4 million seed round

Kintsu raised $4 million for its liquid staking protocol on Monad, aiming to enhance its DeFi ecosystem. The launch of its sMONAD token coincides with Monad's mainnet release.

theblock.co • 25/07/2024 - 14:14 PM

Currency