Finance Redefined: Axie Infinity creator raises $150M, DApp daily users surge to 2.4M and more
Cointelegraph
Published Apr 08, 2022 05:20PM ET
Updated Apr 09, 2022 07:40PM ET
The decentralized finance (DeFi) world saw another week of increased on-chain and developer activity even when the overall market cap took a slight dip amid overall market retrace. The creators of the popular play-to-earn nonfungible token (NFT) game Axie Infinity raised $150 million to reimburse hack victims of the Ronin bridge exploit.
The decantralized application, o daily user count surged to 2.4 million in the first quarter of 2022, while SushiSwap (SUSHI) and Synthetix (SNX) were booted out of Grayscale’s popular Decentralized Finance Fund. The widely-popular DeFi protocol Yearn.finance announced its support for the newly-passed ERC-4626 tokenized vault standard.
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Written By: Cointelegraph
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