CZ says we need more dApps after new chains crash
CZ says that the crypto sphere ‘needs more dApps’ rather than new chains in response to a post highlighting how new chains struggle. Former Binance CEO Changpeng “CZ” Zhao emphasized the need for crypto industry builders to focus more on developing decentralized applications or dApps, rather than creating new blockchain networks. “Need more dapps instead […]
TON teams up with cross-chain bridge LayerZero to get access to 100+ chains
Blockchain developers using the TON stack can now deploy tokens from over 100 networks through LayerZero’s infrastructure. Cross-change bridge protocol LayerZero has joined forces with The Open Network (TON) — also known as just TON — in a bid to advance blockchain interoperability, TON Foundation announced in a press release shared with crypto.news. At first, […]
Several DeFi chains down 90+% since last cycle
North Korean hackers and shattered on-chain projects have left several decentralized finance blockchains struggling, with tens of millions in user asset outflows. Data from DefiLlama shows that multiple DeFi chains have lost around 90% of total user deposits over the years, particularly since the last crypto cycle. On-chain analyst 0xThoor identified Ethereum Virtual Machine-compatible blockchain Harmony […]
