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News

LIFI Protocol Suffers $9.7M Attack, Urgent Call For Users To Revoke Approvals

LIFI Protocol (@lifiprotocol) recently fell victim to a significant attack, resulting in a loss of approximately $9.7 million. The stolen assets included 6,335,889 USDT, 3,191,914 USDC, and 169,533 DAI. These funds were swiftly converted into 2,857 ETH ($9.7 million) and dispersed across multiple wallets. LIFI(@lifiprotocol) was attacked and lost $9.7M!🚨 Including 6,335,889 $USDT, 3,191,914 $USDC […]

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News

Major GHO Whale Strategy Could Impact Market Dynamics

The largest GHO whale has minted approximately 17.5% of all circulating GHO, equating to 15.5 million GHO. This whale’s strategy involves using sDAI as collateral to mint GHO and subsequently depositing the minted GHO into the safety module pool to earn both GHO and AAVE incentives. With the current sDAI DSR at 8% and the […]

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News

Compound Finance Website Compromised; CEO Resigns To Launch Legend DeFi Protocol

Compound Finance, a prominent player in the DeFi space, faced a security breach yesterday when its official website was hacked and replaced with a phishing site. Michael Lewellen, a security consultant for Compound DAO, confirmed the incident and advised users to refrain from interacting with the compromised website. Fortunately, the breach was limited to the […]

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News

Layer 2 Report | Q2 2024: Address Growth, Transactions, and Money Flow

I. Addresses 1. Total Unique Addresses by Chain Optimism leads the pack in Q2 2024 with 149.6 million unique addresses. Following behind are Base with 84.7 million and Arbitrum with 33.2 million addresses. 2. Daily New Unique Addresses Created by Chain Base, Optimism, and Arbitrum were the top three chains for the constant creation of […]

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Market Analysis

Smart Trader 0x8d73 Buys $500K In ENS Despite Bearish Market Trends

In a surprising move, smart trader 0x8d73 has purchased approximately $500K worth of ENS tokens, even as both $BTC and $ENS prices are declining. According to data from icrypto.ai, this trader has acquired 18.39K ENS tokens in the past 16 hours. Shortly after the acquisition, 15.49K ENS tokens, valued at around $414K, were transferred to […]

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News

Lending Protocols See $5B Surge In Active Loans, Led By Aave

Lending protocols have experienced a significant boost in active loans, adding approximately $5 billion year to date. Aave, the leading lending protocol by total value locked (TVL), accounts for $4.5 billion of this increase. Unlike the previous all-time high in 2021, new entrants Spark and Morpho have now secured positions in the top three, with […]

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News

$BAKED Token Launch On DegenFund Sparks Insider Activity and Massive Profits For Sniper

The $BAKED token was recently launched on DegenFund, with the developer wallet spending 11.82 $SOL to acquire 300.72 million $BAKED during the minting process. Additionally, 206.9 million $BAKED was added to liquidity. Within a second, 492.37 million $BAKED was snapped up by 19 wallets. Interestingly, the team and insiders hold a substantial portion of the […]

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News

Layer 2 Solutions Propel Mass Adoption With Significant Growth

Layer 2 solutions continue to experience robust growth, playing a crucial role in driving mass adoption. On-chain metrics reveal increasing user traction, underscoring the potential of L2 networks. The number of transactions on leading Layer 2 networks—Arbitrum, Base, and Optimism—has quadrupled this year. This growth saw a significant boost in Q2, following the implementation of […]

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News

Smart Money Accumulates $wQUIL, Ranks Among Top Holdings Alongside $MAGA and $MKR

Smart Money has been actively accumulating $wQUIL over the past 24 hours, propelling it to the top three on the accumulation chart, just behind $MAGA and $MKR. Significant purchases by Smart Dex Traders and Smart Money highlight this trend. Eight hours ago, wallet 0x64ba, with a win rate of 47.06%, bought 392.89K $wQUIL, valued at […]

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News

Mog Coin $MOG Surges 41.6%, Nears All-Time High Amid Insider Activity

Mog Coin ($MOG) has emerged as a standout in the memecoin market, surging 41.6% in the past 24 hours to reach a current price of $0.00001421. This impressive performance highlights $MOG’s growing prominence, particularly in relation to other memecoins like Solana’s Popcat. Recent activity by an insider, identified as wallet 0x4682, provides further insights into […]