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Gate Research: BTC Falls Below $60,000, TON Network Outage Lasts 7 Hours, MakerDAO Rebrands as Sky and Launches USDS Stablecoin
Advanced

Gate Research: BTC Falls Below $60,000, TON Network Outage Lasts 7 Hours, MakerDAO Rebrands as Sky and Launches USDS Stablecoin

Gate Research Daily Report: On August 28, over the past 24 hours, Bitcoin's price dropped by 5.85%, accompanied by a surge in trading volume. The U.S. Bitcoin and Ethereum spot ETFs saw net outflows of $127 million and $34.5 million, respectively, reflecting a pessimistic market sentiment. Altcoins broadly declined, particularly in the BTC Ordinals and modular blockchain sectors. The TON network experienced an outage due to excessive DOGS token trading, prompting several exchanges to suspend related services. MakerDAO rebranded to Sky and introduced the USDS stablecoin along with the SKY governance token. Additionally, seven projects raised a total of $52.57 million, focusing on DeFi, AI, and zero-knowledge proof technologies.
8/28/2024, 3:21:06 PM
What is Sperax (SPA)?
Intermediate

What is Sperax (SPA)?

Sperax (SPA) is an innovative dual-token algorithmic stablecoin protocol that aims to bring a scalable, trustless, and decentralized cryptocurrency to the rapidly growing decentralized finance (DeFi) space.
7/5/2023, 3:20:47 AM
MakerDAO, The Central Bank of Cryptocurrency
Beginner

MakerDAO, The Central Bank of Cryptocurrency

With MakerDAO's rebranding to Sky Protocol, discussions about this pioneering platform have resurfaced. MakerDAO is a decentralized, liquid, and composable cryptocurrency protocol that offers lending services through its stablecoin, DAI. This article will delve into the nature of MakerDAO and examine how this innovative protocol operates.
9/30/2024, 1:40:50 AM
Gate Research: Ethereum Mainnet Revenue Drops by 99%, Expectations for Bank of Japan Rate Hike Heats Up
Advanced

Gate Research: Ethereum Mainnet Revenue Drops by 99%, Expectations for Bank of Japan Rate Hike Heats Up

Gate Research Daily Report: September 4, Both Bitcoin and Ethereum experienced significant declines In the last 24 hours, with market performance appearing weak. Bitcoin ETFs saw net outflows of $280 million, while Ethereum ETFs had net outflows of $47.4 million. The Governor of the Bank of Japan stated that interest rate hikes would continue if economic and inflation data meet expectations. Additionally, Aave has partnered with Sky to launch the Sky Aave Force initiative. In the last 24 hours, the crypto sector raised a total of $18.8 million, covering areas such as GameFi and blockchain security. On September 2, Ethena Labs announced the launch of its Season 3 airdrop campaign.
9/5/2024, 5:18:34 AM
Top 10 Decentralized Crypto Stablecoins
Beginner

Top 10 Decentralized Crypto Stablecoins

This article will explore stablecoins' evolution, categories, and key characteristics. Starting with their current state, we’ll briefly analyze today’s trends and guide you through a quick overview of the top ten stablecoins by market capitalization in the crypto space.
9/25/2024, 7:17:37 AM
What Are the Main Stablecoins?
Beginner

What Are the Main Stablecoins?

This article explores the phenomenon of stablecoins in the cryptocurrency market, highlighting their role in reducing volatility risks. It offers a comprehensive overview of major stablecoins—including USDT, USDC, BUSD, DAI, TUSD, USDG, UST, USDe, PYUSD, and FDUSD—examining their pegging mechanisms, regulatory audits, and market performance. The article delves into stablecoins' applications in DeFi and their function as a safeguard against crypto market fluctuations. Emphasizing the pivotal role of stablecoins in the crypto economy, it advises investors to thoroughly understand their operational mechanisms before investing to ensure financial security.
11/7/2024, 9:50:18 AM
Gate Research: BTC & ETH Lead Gains, USDY TVL Surpasses $100M on Solana, GOAT Ignites AI Meme Coin Frenzy
Advanced

Gate Research: BTC & ETH Lead Gains, USDY TVL Surpasses $100M on Solana, GOAT Ignites AI Meme Coin Frenzy

Gate Research Weekly Report: This week, the crypto market showed strong performance, with BTC and ETH both rising about 7%. Bitcoin spot ETF net inflows reached $926 million, while Ethereum spot ETFs also maintained positive inflows. World Liberty Financial's sales hit $12.51 million. Horizon partnered with China Merchants Securities (HK) to launch a virtual asset ETF market-making solution. Symbiosis teamed up with Avail to promote innovation in a unified Web3 framework. Radiant Capital suspended its lending market after a vulnerability exploit, leading to an estimated loss of $58 million.The GOAT meme coin surged 3,000 times within a week of its launch.
10/18/2024, 3:52:23 AM
3 Opportunities and 2 Challenges for DeFi in new era
Intermediate

3 Opportunities and 2 Challenges for DeFi in new era

This article analyzes the current state of DeFi through data, discussing three major opportunities for potential growth and two key challenges.
11/10/2024, 12:54:18 PM
Overview of BTC's Scalability Solutions
Intermediate

Overview of BTC's Scalability Solutions

As more and more developers join and become familiar with the BTC model, the BTC ecosystem is progressing at a rapid technical level, especially in terms of programmabile scalability solutions. This article will continue to fill in the gaps and introduce the programmable solutions of the highly concerned Fractal Bitcoin and BTC metadata protocols such as BRC20, CBRC, and ARC20.
9/2/2024, 12:46:28 PM
The $800 Million Liquidity Champion Reshaping DeFi
Intermediate

The $800 Million Liquidity Champion Reshaping DeFi

This article delves into Elixir, exploring how it tackles existing liquidity challenges in DeFi through innovative mechanisms and technologies. It highlights Elixir's efforts in partnering with multiple DeFi protocols to address liquidity issues, and discusses the mechanics, advantages, and future of Elixir's decentralized stablecoin, deUSD.
9/27/2024, 11:08:40 AM
Gate Research: Bitcoin Dominance Rises, Telegram Founder Released on Bail, Sony Enters Layer 2 Race
Advanced

Gate Research: Bitcoin Dominance Rises, Telegram Founder Released on Bail, Sony Enters Layer 2 Race

Gate Research Weekly Review & Outlook: Over the past week, BTC retreated after a brief uptick, falling nearly 3%, while its market dominance reached a new cycle high of 55.95%. ETH mirrored BTC's weakness, dropping over 3.9%. Bitcoin ETFs saw net inflows exceeding $28 million this week, while Ethereum ETFs continued to experience net outflows. Despite Nvidia's earnings beating expectations, its stock plummeted in after-hours trading, triggering a pullback in AI-related tokens. Sony's new Layer 2 solution, Soneium Minato, launched with impressive momentum, seeing 1,000 ETH staked within its first minute. Notably, significant amounts of OP and SUI tokens are set to be unlocked soon. Meanwhile, the viral success of the game "Black Myth: Wukong" has sparked speculation in related meme tokens.
8/30/2024, 6:31:12 AM
In-depth Analysis: Competitive Landscape and Innovation Outlook of DeFi Lending in 2024
Advanced

In-depth Analysis: Competitive Landscape and Innovation Outlook of DeFi Lending in 2024

DeFi stands as a cornerstone in the maturing crypto market. While established protocols like Aave, MakerDAO, and Compound maintain leading positions, numerous other protocols are carving out new market opportunities by focusing on modular lending, RWA (Real-World Assets), zero-interest loans, unsecured loans, and AI integration. This article explores the current competitive landscape and future innovation trends. Through an analysis of DeFi lending platforms' operational models, technological advancements, regulatory environments, and market opportunities, we uncover the sector's immense potential to boost financial service efficiency and facilitate capital flow. Despite market volatility, technical hurdles, and regulatory pressures, the DeFi lending market continually seeks innovative paths toward safer, more efficient, and sustainable growth. By combining technical insights with business data, this article provides readers with a forward-looking perspective and valuable insights into the DeFi lending market
11/14/2024, 8:24:39 AM

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