Pendle became the second-largest DeFi protocol on OKX's XLayer in less than 30 days, reaching $37.5 million in total value locked (TVL). This rapid growth was driven mainly by a single USDG stablecoin market and integration with Aave V3, which allowed Pendle's principal tokens to be used as collateral with a high loan-to-value ratio. The combination of liquidity incentives and cross-protocol composability attracted significant capital, capturing about a quarter of XLayer's total DeFi TVL. Pendle now operates on 14 blockchains with over $1.2 billion TVL, focusing on stablecoin and real-world asset yield markets.
Jupiter (JUP) surged 18.86% to $0.2670, leading crypto market gains due to growing interest in its blockchain solutions focused on data privacy and security. Other notable gainers included Zcash, Bittensor, NEAR Protocol, and Polkadot, while Pons and...
Kalshi, a CFTC-regulated platform, introduced perpetual futures contracts for BNB on September 4, allowing eligible US investors to trade BNB as a regulated derivative. This addition is part of a broader expansion including altcoins like Cardano and ...
When Bitcoin collateral is liquidated in DeFi lending, the protocol sells or transfers BTC-linked tokens like WBTC, tBTC, or sBTC to repay borrower debt. This process reduces both debt and collateral but may not fully cover the loan, potentially leav...
Kalshi has introduced perpetual futures contracts for cryptocurrencies including BNB, Cardano (ADA), Aave (AAVE), Worldcoin (WLD), and Venice Token (VVV), broadening its regulated crypto derivatives offerings in the U.S. These contracts, which have n...
Aave V3 now holds 78.6% of the $872.7 million USDT0 deposits in DeFi, reflecting its dominant position in stablecoin liquidity. Across 29 protocols, Aave V3 controls about 62.8% of the combined USDT and USDT0 total value locked, roughly $3.83 billion...
