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ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron Network

A recent report says total Dapps transaction volumes reached $125 Billion in Q3 2020, a figure which is $113 billion higher than in Q2 2020. From these volumes, the Ethereum blockchain accounts for 96% or $119.5 billion of the total created value with the majority of this being attributed to the DeFi ecosystem. Still, the report observes that the EOS and Tron blockchain, where gambling and high-risk category account for 60% of activity, are the only competing chains to offer Ethereum a challenge, albeit a very limited one. Compiled by Dappradar, the report says the Ethereum blockchain was able to…

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Defi Token Exposed as Pump and Dump Scam in Leaked Telegram Chat 

A leaked Telegram discussion by 50 so-called crypto influencers has exposed the extraordinary steps they take in order to profit on the back off unsuspecting defi investors. According to a leaked screenshot of the chat, an elaborate plan to defraud defi investors using the worthless “$Few” tokens had been hatched. $Few tokens would be airdropped to some of the influencers who in turn promoted these to unsuspecting followers on Twitter. Once the “new flash mob project” gained traction, members of this conspiracy planned to sell the “airdropped” tokens to defi investors and thus make a profit in the process. According…

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DeFi Hype Seems Bloated As Only 1% Of Crypto Users Are Actually Into It

The DeFi hype seems quite bloated as the news reports show that only 1% of the crypto users are attracted to it and participate in it so let’s read more about that report in our latest cryptocurrency news. The DeFi hype seems to not be hype after all as only 1% of the users participate in the sector because they seek a minimum of 15% annual return to justify the expected risks. A recent study by a privacy-oriented computation platform ARPA found that despite the hype, DeFi remains a niche corner of the crypto market and that only experienced users are…

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