Pencils Protocol has introduced its latest development, Pencils DEX, which is set to revolutionize the DeFi ecosystem. This decentralized exchange aims to …
protocol
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Markets
Ethena Partners with Onchain Derivatives Protocol Derive, Secures 5% OF DRV Token Supply for sENA Holders
by shayaanby shayaanDeFi protocol Ethena announced Tuesday a new partnership with Derive.xyz, the world’s leading on-chain options and structured products platform, featuring a multi-million …
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Finance
Crypto AI agent platform Virtuals Protocol hits $1.4 billion market cap
by shayaanby shayaanVirtuals Protocol, an AI agent deployment ecosystem, has reached a peak market cap of $1.4 billion as the AI agent narrative expands …
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The value of the Virtuals Protocol ecosystem surged by 28% over the last day, bringing the total market capitalization of the Base …
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Analysis
Crypto Analyst Says One Solana Rival Primed To Go Higher, Outlines Path Forward for Fantom and NEAR Protocol
by shayaanby shayaanA widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin …
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Scams
Avalanche-Based Atom Protocol Rug Pulls Users Less than 48 Hours after Launching
by shayaanby shayaanThe Atom Protocol, an otherwise promising DeFi protocol—and a Universe fork–on Avalanche, has rugged its community less than 48 hours after launching. …
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Finance
Rarimo secures $2.5m for ZK identity protocol with backing from Vitalik Buterin
by shayaanby shayaanRarimo, a zero-knowledge identity protocol, has secured $2.5 million in funding, with backing from Ethereum co-founder Vitalik Buterin. With $2.5 million in …
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DeFi
Lorenzo Protocol Partners with Cetus Protocol to Bring Bitcoin Staking to Users
by shayaanby shayaanLorenzo Protocol has partnered with Cetus Protocol, a liquidity protocol and decentralized exchange on the Sui Network. The strategic partnership will see …
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DeFi
Solv Protocol Partners with Zeus Network to Bridge Solana and Bitcoin Ecosystems
by shayaanby shayaanIn a thrilling development concerning the DeFi, Solv Protocol has started a strategic collaboration with Zeus Network. The partnership targets to establish …
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Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, CoinDesk’s deputy editor-in-chief …