DeFi News Digest: 14 – 20 February

The Midas team has prepared a summary of the DeFi market, events, and important news that happened last week. 

More smart DeFi ideas and memes (of course) – Discord and Telegram channel. Stay tuned!

DeFi Overview 🤟

According to DeFiLlama, the total value locked (TVL) in DeFi projects: $192.94 billion.


Data from Dune Analytics reveals that the number of decentralized finance (DeFi) users has hit a new all-time high of 4,410,571. 

DeFi Market Cap: $101,601,275,914

DeFi Pulse Index: $155.96

L2 Solution overview 👌

According to L2beat, the total value locked (TVL) in Ethereum Layer 2 systems: $5.88 billion.

DeFi News 👾

  • Castle Island Ventures announced a new $250 million fund for web3 investments

  • Interchain Foundation announced the biggest upgrade on Cosmos network
  • Chainlink announced the release of Chainlink Verifiable Random Function

  • Winners in the second round of Polkadot Parachains poised to add Mojo to expanding DOT ecosystem

  • Axelar blockchain platform raised $35 million to reach unicorn status

  • DeFi project Ref Finance closed $4.8M round led by Jump Crypto

Videos 🖥

  • Best Blockchain Programming Language for DeFi Developers 

Scrypto, a new smart contract programming language created by the Radix team is a game-changer that aims to make it easier for developers to build DeFi apps. It’s easier to learn, secure by design, composable, and reusable in terms of the smart contract paradigm it utilizes.

  • Vitalik Buterin: Ethereum Will Most Likely Be Mainstream and the Most Secure Base Layer

Vitalik  Buterin explains the significance of the upcoming merge between Ethereum’s proof of stake chain and application layer, walks through the different stages of the process, and provides guidance as to when it will happen.


Additional useful content❤️

  • The ultimate beginners guide to the Axie Infinity game and marketplace

  • The most popular staking providers by users

Meme of the week 👍

Disclaimer: This post is for informational purposes only and should not be relied upon as a basis for investment decisions. Please do not follow any opinion as a specific strategy.

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