Top DeFi updates january week 2

The DeFi space has continued to have the attention of crypto enthusiasts worldwide. According to CoinGecko, the current DeFi market cap is $144 billion with a 24-hour trading volume of $7.6 billion.

To keep our readers informed, we have compiled some of the top DeFi updates that took place last week. These top DeFi updates include strategic partnerships, launches, updates, etc.

1. Smash Heroes Partners With tofuNFT

PvP card collectibles game, Smash Heroes, has announced a strategic partnership with tofu NFT. This DeFi protocol is well-known as a permissionless NFT marketplace for GameFi collectibles.

2. DeFi Llama Adds Immortal DAO Tracking

Popular DeFi TVL and analytics platform, Defi Llama, has announced the introduction of Immortal DAO tracking on its analytics platform. Immortal DAO is a decentralized reserved currency built on the Celo blockchain. Now, analytics of its IMMO token will be available on DeFi Llama.

3. Radar Protocol Announces Partnership With Moonbeam

Multi-chain DeFi tools and crypto asset management protocol. Radar. has announced details of an upcoming partnership with Moonbeam. Moonbeam is popularly parachain on Polkadot. Interestingly, last week its parachain became fully operational.

Therefore, the integration of Moonbeam is a major milestone achievement for Radar protocol. Also, it will bring the protocol closer to achieving an inclusive and accessible financial ecosystem for everyone.

4. Platypus DeFi Now on Avalanche

Last week, Avalanche native protocol StableSwap protocol, also known as Platypus DeFi,  was launched. According to the announcement, the protocol liquidity mining program went live too. Finally, Platypus DeFi provides users with the opportunity to earn between 20% – 30% APR.

5. Moonbeam now On Polkadot

Last week, the Moonbeam network became the first-ever fully operational parachain on Polkadot. Therefore, the onboarding of the parachain commenced on December 17th, 2022.

Finally, thanks to the parachain launch, Moonbeam’s over 80 projects will also launch on the Polkadot ecosystem. Moonbeam has also been described as Polkadot easiest on-ramp.

6. tofuNFT Goes Live On The Cronos Chain

On the other hand, tofuNFT, the largest NFT marketplace on BSC, recently went live on the Cronos Chain.

Therefore, the partnership makes tofuNFT the first verified Cronos collection. The partnership also resulted in a collaboration with CRO CROW, the first NFT protocol on Cronos.

7. Metaland DAO (META) Now On PancakeSwap

Last week was a tough week for Metaland DAO. The virtual world platform suffered rumors of a rug pull after popular security firm PeckShield issued a scam warning. Therefore, the scam resulted in the loss of $286,748 worth of BNB tokens. Despite these issues, PancakeSwap listed Metaland DAO META tokens.

8. GTH Tokens Now On BSC

Digital monetization protocol, Gather Network. recently launched on Binance Smart Chain (BSC). Therefore, users will be now able to bridge GTH tokens between ETH and BSC chains.

9. MetaGods Partners With Dragon Evolution

Last week, Play-to-Earn RPG games entered a strategic partnership with Dragon Evolution. Moreover, the partnership will help facilitate growth and development on both platforms. Also, helping to connect several metaverses providing players with the opportunity to exchange assets from different platforms.

10. GameFi | GemUni Partnership

Finally, last week, GameFi strategically partnered with GemUni, known as a casual gaming platform. Therefore, the partnership will bring a new, exciting, and upgraded twist to the casual gaming ecosystem of GemUni.

We hope you’ve learned from the latest DeFi Updates.

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