Recapping the Week in DeFi

Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.

Silicon Valley Bank Collapse Shakes Cryptocurrency Market

Following the collapse of the Silicon Valley Bank (SVB) during the week, the cryptocurrency market was thrown into yet another chaos, sparking worries about its stability. Stablecoins depegged while gas fees soared as investors scrambled to move funds.

Learn more about the incident in this article. 

Core DAO Launches S-Prize Competitions to Reward GameFi and DeFi Builders

Builders on Core DAO now have even more reason to add value to the ecosystem as Core DAO launched the Satoshi-Prize (S-Prize) competition to reward GaneFi and DeFi developers on March 8. Protocols can start building right away without any need to apply. 

Find more information here. 

Polygon Breaks Out Key Features of New zkEVM Ahead of Mainnet Beta Launch

In anticipation of the zkEVM’s Mainnet Beta, Polygon took some time to break down the exciting features of the secure network, including EVM-equivalence, Speed, Bridge, and Low Cost.

Get the details in this article. 

Amazon NFT Marketplace Set for Launch

The NFT mania doesn’t seem to be going away anytime soon with Amazon, the largest online retailer reportedly set to launch its own NFT marketplace in April. The platform will offer customers digital collectibles linked to physical goods. 

Find more information in this article. 

Decentralized Trading Platform Trader Joe Goes Live on BNB Chain

It’s no longer “just” plans. The popular multichain decentralized trading platform, Trader Joe, has finally launched its Automated Market Maker (AMM) on BNB Chain. Trader Joe launched with a few popular trading pairs, with plans to introduce more markets in the very near future.

Get all the details here.

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