Welcome to the Future of Finance
Experience the power of Web 3.0 with Finance Redefined, your go-to source for all things decentralized finance (DeFi). This weekly newsletter is curated to bring you the latest and most significant developments in the world of DeFi.
Last week, the DeFi community was abuzz with the Starknet airdrop craze, but many users were left disappointed with minimal or no airdrop rewards. In addition, Uniswap’s founder raised an alarm about a new scam involving Ethereum Name Service (ENS) domains.
Ethereum gas fees skyrocketed to an 8-month high due to the frenzy surrounding ERC-404, while EigenLayer emerged as the fourth-largest restaking protocol with a whopping $7 billion in total value locked (TVL).
The top 100 DeFi tokens had a bullish week, with most trading in the green, and TVL reaching a new yearly high of over $72 billion.
Join the revolution of Web 3.0 and explore the endless possibilities of blockchain technology. Learn about the intersection of Web 3.0 and education, the role of ENS in the Web 3.0 landscape, and the exciting world of DeFi, NFTs, and DAOs in the Web 3.0 era.
Web 3.0 Blockchain Projects Set to Revolutionize the Industry in 2022
The highly anticipated airdrop from Ethereum layer-2 scaling solution Starknet may be dominated by airdrop hunters.
As reported by Yearn.finance developer Banteg on Feb. 15, a total of 1,854 individuals have allegedly renamed or deleted their accounts in preparation for the Starknet airdrop on Feb. 19. The Starknet Foundation has allocated 700 million STRK tokens out of 1.8 billion to be distributed to 1.3 million eligible wallet addresses on Feb. 20, with 50% of the tokens going to users of the protocol.
Read on to learn more about the exciting developments in the world of blockchain and Web 3.0.
EigenLayer Emerges as the Fourth-Largest Restaking Protocol, Approaches $7 Billion TVL on Web 3.0 Blockchain
The rise of Ethereum restaking protocol EigenLayer has solidified its position as the fourth-largest protocol by TVL, surpassing the renowned cryptocurrency lending protocol JustLend.
As of February 15, EigenLayer’s TVL has increased by 5.73% to reach an impressive $6.99 billion. This marks a substantial growth of 47.95% in the past seven days and a staggering 307% over the past month, according to the latest data from DefiLlama.
With its remarkable performance, EigenLayer continues to demonstrate the potential of web 3.0 blockchain projects in 2022. Its native tokens are gaining traction as a promising investment option in the ever-evolving world of web 3.0. Moreover, EigenLayer’s integration of ENS and its role in the development of decentralized finance (defi) further solidifies its position as a leading player in the web 3.0 ecosystem.
As web 3.0 and education continue to intersect, EigenLayer’s success serves as a testament to the potential of this emerging technology. Its impact on the defi landscape is undeniable, and it is clear that web 3.0 and defi are closely intertwined, paving the way for a decentralized future.
Continue reading to stay updated on the latest developments in the world of web 3.0 and defi, including the rise of defi nfts, daos, and other exciting innovations shaping the future of web 3.0.
Uniswap founder cautions community about ENS wallet impersonation scam
Hayden Adams, the creator of the decentralized exchange Uniswap, has issued a warning to the crypto community regarding a scam involving wallet addresses as Ethereum Name Service domains.
Adams shared on X that scammers are posing as his Ether (ETH) wallet by copying and registering his wallet address as an ENS wallet with .eth. He also noted that pasting his wallet address into certain user interfaces may display an unrelated ENS match as the top search result.
Continue reading
Exploring the Impact of ERC-404 on Ethereum’s Gas Fees and Web 3.0
As the popularity of the experimental token standard ERC-404 continues to rise, the Ethereum network has seen a surge in gas fees, reaching an eight-month high. This trend has sparked discussions about the role of blockchain in web 3.0 and its potential impact on various industries.
With gas prices peaking at 70 gwei on Feb. 9, and reaching as high as 377 gwei, it is evident that the demand for ERC-404 has caused a strain on the Ethereum network. This raises questions about the scalability and efficiency of blockchain technology in the era of web 3.0.
Despite these challenges, many are optimistic about the potential of web 3.0 and its integration with education, decentralized finance (DeFi), and other emerging concepts like ENS, NFTs, and DAOs. It is clear that web 3.0 has the potential to revolutionize the way we interact with technology and reshape various industries.
As we continue to explore the possibilities of web 3.0, it is important to consider the impact of emerging technologies on the decentralized ecosystem and how they can contribute to its growth and development. The rise of ERC-404 and its impact on gas fees is just one example of the potential of web 3.0 and its role in the future of blockchain technology.
Understanding the Impact of DeFi in the Web 3.0 Era
As the blockchain technology continues to evolve, the emergence of Web 3.0 has brought about a new wave of decentralized finance (DeFi) projects. According to data from Cointelegraph Markets Pro and TradingView, DeFi’s top 100 tokens have experienced a bullish trend this week, with most showing positive gains on their weekly charts. This surge in DeFi activity has also led to a significant increase in total value locked (TVL) in DeFi protocols, surpassing $70 billion for the first time in over a year.
Stay informed on the latest developments in the rapidly advancing DeFi space by joining us every Friday for more stories, insights, and education. Explore the intersection of Web 3.0 and DeFi, and discover the potential of tokenization, ENS, and other innovative technologies in this decentralized ecosystem.
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