Welcome to the 153rd issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between July 16th and July 23rd, 2023.
🔥 The DeFi Bulletin
- Conic Finance was exploited for $3.2M.
- The twitter account of Hayden Adams, Uniswap’s founder, recently suffered a breach.
- VC funding in web3 has fallen 76%, according to Crunchbase data.
- A new Senate bill for DeFi has been presented, which would tighten money laundering and sanctions rules.
- Gnosis launched a Visa card that aims to let users spend self-custody crypto, first in Europe, and later in the US and Hong Kong.
- Solana has opened up Solang, which aims to allow Solidity developers to easily write smart contracts for Solana.
- thirdweb, a tool for building web3 apps easily, recently acquired Paper, adding their web3 tools to its own stack.
- Lens Protocol recently released V2 of its Protocol, with new features including ‘Open Actions’ integration and ERC-6551.
- Starknet unveiled an appchains framework, in what appears to be a move on the multi-chain ecosystem.
- Paradigm has incubated a new appchain named ‘Paradex’ on Starknet.
- CCIP officially launched its protocol on four mainnets.
- Axelar has launched ‘Interchain Token Service”, abbreviated ITS, aiming to boost asset interoperability.
- Mantle Network, an L2, unveiled its mainnet alpha at EthCC.
- A new Uniswap feature, UniswapX, is claimed to eliminate certain DeFi pain points.
- Neon Labs recently launched Neon EVM, aiming to support Ethereum apps on Solana.
- Arbitrum announced its own Foundation Grants program.
- Polychain Capital has raised $200M for a new fourth fund.
- CoinFund opened a new fund worth $158M, aiming to back startups in their infancy.
- Manta Network has raised $25M in funding, rallying behind the idea of a zero-knowledge ecosystem.
- Radiant, a DeFi lender, received $10M in funding, specifically from Binance Labs. This investment caused an 10% increase in $RDNT’s value.
- PWN, a DeFi mortgage startup, secured $2M in funding.
- Side Protocol closed a $1.5M pre-seed funding round, hoping to build out its team with the new funds.
- Interface recently closed a $1.4M funding round, with the round led by Polymorphic Capital.
💵 State of the Stablecoins
- Athena, an Ethereum stablecoin developer, raised $6M in seed funding.
💎 NFT News
- OpenSea announced a new feature, “Deals”, which allow peer-to-peer NFT swaps.
- Argent, a smart wallet provider, launched its own NFT marketplace “Unframed” on Starknet.
Thanks for reading, and be sure to catch the 154th issue of The Defiprime Post out this time next week! 👋♦️👋
