Lawmakers in Australia want to regulate decentralized autonomous organizations (DAO). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions. Regulating a decentralized autonomous organization (DAO) as a company, first of all, means registration as a company. But who remembers why we need that registry in the first place? Will anyone question whether a blockchain-based DAO needs registration at all? Historically, the government took the role of that trusted third party that, through its public agency — i.e., a registry office — keeps records about a company: who is in charge, …

According to a new industry report published by DappRadar, the number of users engaging in decentralized applications, or DApps, every day surged 396% year over year to 2.4 million. This is only 5.8% below the same user activity level witnessed in Q4 2021. The overall growth was impressive, considering that during the quarter, the cryptocurrency sector saw a short-lived bear market, as well as experiencing $1.19 billion in decentralized finance, or DeFi, hacks, and exploits. Two of the worst affected token bridge protocols were that of Ronin and Wormhole. Last month, Axie Infinity's Ronin bridge was breached for over $600 …

What platforms are using Substrate for scaling? There are several projects that have been built within the Substrate environment. One of them is CLV Chain — a chain working to offer interoperability with the EVM among other blockchain networks. CLV Chain is a Substrate-based layer-1 chain compatible with the EVM, which means that developers can easily migrate their projects and smart contracts to the CLV Chain network despite having written them in Solidity within the EVM. This EVM compatibility, combined with Polkadot’s interoperability possibilities, ensures developers can deploy their DApps to Ethereum alongside other parachains. DApp developers will enjoy direct …

Avalanche (AVAX) jumped 43.8% between March 14 and March 31 to a $97.50 daily close, which is the highest level since Jan. 5. This layer-1 scaling solution uses a proof-of-stake model and has amassed $9 billion in total value locked (TVL) deposited on the network’s smart contracts. Subnet adoption propels the recent price rally Some analysts attribute the rally to Avalanche’s incentive program to accelerate the adoption of subnets which was announced on March 9. According to the Avalanche Foundation, subnets enable functions that are only possible with “network-level control and open experimentation.” The program will allocate up to four …

Investors tend to not complain about a price rally, except when the chart presents steep downside risks. For example, analyzing Ether's (ETH) current price chart could lead one to conclude that the ascending channel since March 15 is too aggressive. Thus, it is only natural for traders to fear that losing the $3,340 support could lead to a retest of the $3,100 level or a 12% correction down to $3,000. Of course this largely depends on how traders are positioned, along with the Ethereum network's on-chain metrics. For starters, the Ethereum network’s total value locked (TVL) peaked at ETH 32.8 …

On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol. The round was led by notable venture groups and investors such as Sequoia Capital, FTX Ventures, Andreessen Horowitz, and with participation from Coinbase Ventures, PayPal Ventures, Tiger Global, Uniswap Labs, and more. It aims to unite applications such as gaming, nonfungible tokens, or NFTs, marketplaces, media apps, etc., so they are operable …

The crypto industry has come up with a lot to offer to the world, but there’s no denying that decentralized finance (DeFi) is one of the most valuable innovations to come from it. Thanks to the inherent decentralization provided by blockchain technology, DeFi gives users many of the benefits of traditional finance, such as generating a passive income through lending, but with one massive advantage: the removal of a third-party intermediary. By removing an intermediary, DeFi users have more control over their financial processes. They can experience higher interest rates on-lent assets, facilitate a better deal when borrowing, or simply …

On its own, a blockchain is a type of technology. But, like all great technology, when put into application, it is an enabler, helping people to drive business and economic results through real-world use cases. To drive these results, an ecosystem that allows for the creation and development of apps, services and decentralized finance (DeFi) platforms must exist. For example, consider Ethereum (ETH), an ecosystem that creates a basis for thousands of DApps, and a place for millions of users to interact. While Ethereum has introduced the world to some of the initial use cases of blockchain, resulting applications could …

Ethereum (ETH) has arisen as the baseline for decentralized applications (DApps), smart contracts and an improved foundation for investment, finance and Internet of Things (IoT) services, among other centralized offerings. However, technology is growing exponentially, making the need for computing resources more prominent than ever before. Yet, it’s hard to access these resources as any other commodities. Application developers or datasets providers, for instance, can be reluctant to lose ownership of their assets or reveal them. To overcome that limitation, they need to rely on a network that addresses the challenges of ownership and trust. Attempting to define the next …

Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in total value locked (TVL) in less than a week after launching. Stargate markets itself as a liquidity transport protocol that allows users to transact native assets cross-chain, offering decentralized finance (DeFi) users the option of staking stablecoins in pools where they are paid out in the native Stargate token (STG). The rapidly growing TVL is probably down to the "up to 26% APY" being offered farming stablecoin deposits. By attracting nearly $2 billion in TVL at the time of …

Co-founder of the Cardano blockchain Charles Hoskinson has cheekily admitted that his July 2020 forecast of the number of DApps coming to the blockchain has not yet come to fruition. Referring to his famed July 2020 tweet, Hoskinson tweeted on Mar. 23, “Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now in the hundreds. #SlowAndSteady.” Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now …

DeFi has continued to grow at an unprecedented pace, introducing the world to new ways to send and receive funds, invest, take out loans and even enjoy a new form of collectibles. However, as the technology quickly advances and more use cases come to light, users are beginning to find the diverse landscape more and more complex to navigate. Even wallets, which were once viewed as little more than an asset storage tool, have grown in functionality to become an access point for decentralized exchanges (DEXs), DApps and games. Although these entry points into the DeFi industry are more readily …