Welcome to the 133rd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between February 19th and February 26th, 2023.
🔥 The DeFi Bulletin
- Jump Crypto counter-exploited a hacker for $140M.
- Hope Finance recently suffered an exploit, losing $2M taken from user funds.
- Galois Capital has shut down, after losing $40M to the FTX scandal.
- WalletConnect’s V1 will shut down on June 28, 2023.
- Polygon Labs has cut its staff by 20%.
- Ethereum developers have scheduled the Shanghai upgrade on the Sepolia testnet for February 28th.
- ConsenSys is looking at notification service refinement with its Hal acquisition.
- Coinbase has recently launched an L2, Base, on Ethereum.
- Eclipse, a rollup provider, has launched a software to allow Solana apps to be compatible with Polygon.
- Swarm recently launched tradable stocks and bonds on DeFi.
- Perennial went live on Arbitrum.
- Synthetix V3 also went live on Ethereum.
- The TON Blockchain has frozen $2.6B worth of inactive tokens, around 20% of their supply.
- Blocto, a wallet, has closed a $80M Series A funding round.
- Beldex has raised $25M in funding, with DWF Labs leading the round.
- Chaos Labs has raised $20M in seed funding, aiming to automate on-chain risk optimization.
- Huma Finance has secured $8.3M in funding, hoping to enable borrowing against future income.
- Sentio closed a $6.4M seed funding round, with Lightspeed leading investment.
- TipLink has announced its $6M funding round, with the round co-led by Sequoia and Multicoin.
- Kaito, an AI-powered engine, has secured $5.3M in funding.
- Affine Protocol has closed a $5.1M funding round, aiming to develop DeFi yield offering.
- Gateway.fm has raised $4.6M in funding, with Lemniscap leading the round.
- $Factor, an Arbitrum-based project, has closed a $4M funding round.
- Renegade has secured $3.4M in funding, with Dragonfly leading the round.
- Tsunami Finance announced its $1.3M pre-seed funding round.
- Ammalgam has raised $750K in pre-seed funding.
💵 State of the Stablecoins
- Frax Finance has voted to fully collateralize its $1B stablecoin.
💎 NFT News
- A lawsuit over NBA Top Shot Moments being considered unregistered securities could affect the NFT market.
- Blur has gained traction over OpenSea for the time being, with Blur recording $1.04B in volume compared to OpenSea’s $479M.
Thanks for reading, and be sure to catch the 134th issue of The Defiprime Post out this time next week! 👋♦️👋
