While decentralized finance (DeFi) is most popular in Southeast Asia where more than 50% of users use their decentralized applications (dApps), crypto users from China are least likely to use DeFi applications, findings from Binance’s 2021 Global Crypto User Index suggest. 54% of t...
Editor’s note: the story is written by Pingfeng, a DeFi analyst with 8btc. “Participating in blockchain is a bit like playing Adventure Island. With the progress bar moving forward, you’re driven to follow it closely, otherwise, game over.” This is what I thought about DeFi last A...
The summer of 2020 witnessed the mania of Decentralized Finance (DeFi) which swept the crypto world with its market value once exceeding US$1 bn and hundreds of billions of digital assets involved in the financial services provided by DeFi products. As the market gradually cools down, you ...
After news broke of this incident, rates of corresponding stablecoins fluctuated as Curve.fi’s rate balance was broken by a flash loan attack. As you would expect, some aggregators, especially stablecoin yield farms, are linked to curve. Therefore, these events may result in an instant rat...
While blockchain technology has been heavily discussed and promoted in China, digital assets themselves have fallen into the shadow of the country’s upcoming digital yuan. However, this might soon become a thing of the past as the latest reports from China show that the country’s Communist P...
Two types of DeFi players emerged in China during the past few weeks: the OGs who are busy claiming airdropped UNI tokens, the governance token of Uniswap; and the newbies who are scratching their heads trying to get in the game but can’t because of high gas fees, or lack of know-how. ...
Liquidity Mining has evolved into a low rumble as more and more people get interested, including Chinese crypto players. But what do traditional crypto miners in China think of liquidity mining? Capital is not safe in liquidity mining Traditional POW miners focus on machine, coin ...
‘Crypto drama of the year’, ‘Uniswap killer’, when you hear people using these words, what will you think of? In crypto community this year, it's definitely Sushiswap. Sushiswap, was born as a fork of Uniswap, but is not willing to become just the shadow of Uniswap. Having locked up $...
According to data from defipulse.com on September 2, DeFi's locked assets have reached 9.44 billion US dollars. In the past 3 months, this value has increased nearly 10 times. DeFi, like a lightning bolt, divided the crypto world into two eras. We are entering the second era as we speak...
The top stories from the Chinese cryptocurrency sphere this past week includes: ETH stocks in centralized exchanges are declining rapidly as DEX mining runs rampant, Bitcoin miners in short supply as Chinese manufacturers’ capacity inadequate, China’s BSN, digital silk road in line w...
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