Top 10 DeFi Updates November Week 2

The DeFi space is arguably one of the most sought-after spheres of the blockchain and cryptocurrency space. Moreover, in recent times, we have recorded an unprecedented increase in global DeFi TVL and use cases.

Therefore, to keep our readers informed, we have compiled ten important DeFi Updates from last week.

1. Cryption Network Receives Grant From Harmony Protocol

Last week, the DeFi platform Cryption network received a USD 50,000 grant from Harmony protocol. According to reports, the grant will help facilitate the upcoming integration. Also, Cryption will provide Harmony ONE with cross-chain staking and PolyDEX.

2. NFTrade Obtains Grant From Solana 

NFTrade has obtained a grant from Solana. Therefore, the grant will help NFTrade to continue to contribute to the Solana NFT ecosystem positively.

3. Solv. Protocol Partners With OpenSwap

Solv. Protocol recently entered a strategic partnership with decentralized exchange OpenSwap. In addition, OpenSwap DEX is well-known as a hub for Binance Smart Chain (BSC) products. Therefore, OpenSwap will also help issue vouchers on the Solv platform.

4. MaticVerse Integrates Chainlink VRF

MaticVerse has enlisted the support of the popular DeFi oracle platform Chainlink and its VRF feature. According to the annoucement, the gaming platform will use Chainlink VRF for its Avengers-themed play-to-earn game. Therefore, Chainlink VRF will provide the players with reliable and trustless randomness.

5. SecretSwap Supernova Upgrade Now live

Last week, Secret Network’s SuperSwap Supernova upgrade was officially completed. Therefore, thanks to the recently completed upgrade, gas fees on Secret Network will be at least 80% lower.

6. tofuNFT Partners With CrossPunks

Popular NFT marketplace, tofuNFT, partnered with CrossPunks last week. As a result, thanks to the partnership, CrossPunks will enjoy the myriad of unique features on the tofuNFT marketplace.

7. Kyber Network Introduces a New Feature

Now, interested persons can add liquidity on Kyber DMM with ease. According to the annoucement, users can easily add liquidity in pools using either token or in pairs. They, in turn, will receive LP tokens as a reward.

8. RampDeFi Partners With PIDAO Finance

Last week, RampDeFi entered into a strategic partnership with a decentralized reserve currency protocol based on the PID token, PIDAO Finance.

Also, the $PID token is backed by several leading cryptos, namely; BUSD, USDT, and USDC. Therefore, thanks to the partnership, PIDAO users will bond reserve currency tokens while earning PID tokens at a discount.

9. COTI Network Launch Project Catalyst

On the other hand, last week, COTI Network announced the launch of a native fund dubbed Project Catalyst. Therefore, the launch will help fuel innovation, growth, and development in the Cardano ecosystem.

10. Polygon and SX Network to Launch SDK Blockchain

Finally, last week, Polygon Network announced a partnership with SX Network. Both platforms also announced plans to launch the first-ever Polygon SDK blockchain.

Moreover, we hope you’ve enjoyed the latest Top DeFi Updates

Also, join us on Telegram to receive free trading signals.

Above all, find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.