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.
PARTNERSHIP ANNOUNCEMENT 📢
We are proud to announce our partnership with @tofuNFT 🤝#TofuNFT is a permissionless, full-featured #NFT marketplace for #GameFi #Collectibles on #AVAX #BSC #Polygon #FTM #Arbitrum #Shiden #Optimism #BOBA with 650K+ users. pic.twitter.com/kijcjnpcRx
— SmashHeroes 🔺🛡 (@thesmashheroes) January 16, 2022
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.
— DEFI_EAGLE (@Defi_Eagle) January 16, 2022
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.
#Moonbeam integration within the Radar Ecosystem launching next week 💥📡
— Radar (@radarprotocol) January 15, 2022
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.
Check out my thread below on visualizing the return curves! https://t.co/1Sb1VeiaXr
— Matt Harrington (@0xWimWam) January 14, 2022
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.
1/ 🚀 Moonbeam is LIVE on @Polkadot! 🔥 We are excited to announce that Moonbeam is the first fully operational parachain on Polkadot. Moonbeam will bring many new integrations, activity & users to light up Polkadot’s ecosystem. ⚡ #MoonbeamLightsUphttps://t.co/yBhgyWwaRn
— Moonbeam Network (@MoonbeamNetwork) January 11, 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.
🎉We are thrilled to announce tofuNFT officially launch on Cronos @cronos_chain
👏At the same time we have partnership with CRO CROW @cronoscrocrow, the first NFT deployed on Cronos Chain.
— tofuNFT📛 / The largest NFT marketplace on BSC (@tofuNFT) January 15, 2022
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.
#META has been listed on @PancakeSwap
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🔶30 members will receive 5000 #META tokens for free#Metaverse #GameFi #P2E #Airdrop #BSC #NFT #WEB3 #Metaland pic.twitter.com/0WHxmAbyx1
— Metaland DAO | PreSale on PancakeSwap (@DaoMetaland) January 11, 2022
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.
— Gather Network | We're Hiring! (@Gather_Network) January 12, 2022
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.
More beings are getting with us for the BEST in the shared #metaverse
Read the full partnership details here ⬇️https://t.co/inivptVfGE
— MetaGods Official (@PlayMetaGods) January 13, 2022
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.
— GameFi (@GameFi_Official) January 13, 2022
We hope you’ve learned from the latest DeFi Updates.
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