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Bank of France official: Existing regulatory frameworks ‘constrained’ by DeFi characteristics

advertisement A senior official for France’s central bank said earlier this month that regulators in Europe need to more directly supervise decentralized finance (DeFi). In a speech from November 19 that was published Sunday by the Bank of International Settlements, Denis Beau, first deputy governor of the Banque du France, primarily focused on the development of central bank digital currencies (CBDCs) and his institution’s pilot program in this area. France’s central bank is also a participant in the long-term project …

Decentralized exchanges near $100 billion in monthly volume for November

advertisement Monthly data for decentralized exchanges (DEXs) indicates that the ecosystem has seen nearly $100 billion in volume for the month of November. According to The Block’s Data Dashboard, the total for November is approximately $99.5 billion as of November 28. Monthly volumes have climbed since hitting a low for the year of $56.35 billion in July, with the November figure surpassing October’s $89.15 billion. As expected, Uniswap v3 and v2 exchange protocols have constituted the bulk of the monthly …

Crypto data firm DappRadar set to launch its own token

DappRadar, a crypto startup that provides data to analyze decentralized applications (dapps), is set to launch its own native token called radar. Announcing the news on Thursday, Lithuania-based DappRadar said the token will help it decentralize its business in the future. The firm also announced that it is repositioning to a full-scale dapp store, similar to a centralized app store but for dapps.  Founded in 2018 by Skirmantas Januškas, DappRadar provides data for dapps such as transaction activity, token volume, …

Current state of DeFi in 2021: Part 1

November 25, 2021, 12:04PM EST • 9 min read Quick Take This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report Maker was the largest lending platform by value locked and outstanding debt Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively dYdX outpaced other derivatives protocols in volume after the introduction of its recent liquidity mining program Convex surpassed Yearn and became the largest yield optimizer by value locked …

Mapping out New York’s blockchain ecosystem

November 22, 2021, 4:44PM EST • 29 min read Quick Take New York City’s crypto/blockchain ecosystem has developed significantly over the past few years, seeing notable growth in DeFi and Gaming/NFT projects and companies. To engage in cryptocurrency activities a business must possess a BitLicense which is issued by the NYSDFS (New York State Department of Financial Services). The block has identified 20 verticals which includes 248 blockchain related companies and protocols. Given the sheer amount of growth and significance …