DeFi
Decentralized Finance Weekly Recap
Friday. July 12 at 11:00 PM
1 min. readIn the latest edition of Finance Redefined, the focus is on the significant advancements in the world of decentralized finance (DeFi). Major players like MetaMask, Polygon, and StarkNet have unveiled new infrastructure developments to drive mainstream adoption. While DeFi protocols remain relatively secure, centralized exchanges (CEXs) have become prime targets for cryptocurrency hacks, with losses exceeding $1.4 billion in 2024. StarkWare plans to introduce staking via a Starknet improvement proposal, aiming for a testnet launch soon. Consensys introduced the MetaMask Delegation Toolkit to enhance DApp creation on various EVM chains. SingularityNET and the Filecoin Foundation have joined forces to integrate AI and decentralized infrastructure. Additionally, the TON Application Chain and Polygon Labs are collaborating to bring EVM functionality to the TON ecosystem. Despite market fluctuations, several cryptocurrencies have seen positive gains. Stay tuned for more DeFi updates next week!