The India-based startup will use the funding to continue developing a “middleware” layer for the DeFi ecosystem.
Meanwhile, the cost of gas fees on the Ethereum network is near a three-month low.
Investors are buying and no longer panicking.
The crypto car drove to the dump Monday as most blockchain assets fell.
Not all industry participants are amused by dogecoin’s tricks.
“The crypto market is primarily focused on Ethereum and the catapulting DeFi sector right now,” said one analyst.
The DeFi-related assets have grown by double digits so far this year.
Since April, collateral locked in the digital-asset investing platform has more than doubled, outpacing industry growth.
The ether market is experiencing record numbers for spot, futures and DeFi. Bitcoin is in the backseat for now.
Bitcoin’s dominance is less than half of the crypto market as assets like ether and binance coin captivate traders.
Bitcoin's rise this week comes after a weekend where its price went as low as $47,272.
DeFi's original robo adviser for yield is betting on transparency as it grows through the bull market.
A "Buy Back and Build" proposal approved in January aims to bolster the project's treasury and generate value for all stakeholders.
Cardano (ADA), uniswap (UNI) and filecoin (FIL) were among those added.
The big wins in crypto are going to come from the punks, hippies and contrarians. In this very bullish season, don't be enraptured by the “grownups.”