Recap of DeFi Space, December 2023
Season's Greetings, DeFi Enthusiasts!
🎄 As we step into the festive spirit of December, it's with great excitement that we present to you the final 2023 edition of DeFi Digest. In a year adorned with unprecedented growth and innovation in the decentralized finance sector, this month has been the cherry on top, bringing forth remarkable developments, reflective insights, and a festive cheer in the DeFi community.
🌟 In this edition, we take a special look at the year-end retrospectives and forward-looking trends shaping the future of DeFi. We’ll explore breakthroughs that have defined the past twelve months and the emerging technologies set to revolutionize DeFi in 2024. From flourishing DeFi ecosystems to the integration of sustainable practices, we cover the spectrum of topics that mattered most this year.
❄️ December has been a whirlwind of activity in the DeFi space, reflecting both the joyous spirit of the season and the relentless innovation characteristic of our community. We have seen significant milestones in protocol upgrades, a surge in decentralized identity solutions, and a continued focus on enhancing user security and experience.
🔍 As we wrap up the year, our focus is not only on celebrating the achievements but also on understanding the lessons learned. This issue includes in-depth analyses of the major shifts in the DeFi landscape, expert predictions for the coming year, and a comprehensive review of the strategies that succeeded in 2023.
🎁 As the year draws to a close, we’re reminded of the incredible journey we’ve shared in the dynamic world of decentralized finance. This month’s edition is a tribute to the resilience, creativity, and spirit of collaboration that defines our community.
Thank you for being with us throughout this exhilarating year. Here’s to embracing the festive season and welcoming a new year filled with more opportunities, breakthroughs, and growth in the world of DeFi!
Warm Wishes,
The Defiprime team
❓ What's new at Defiprime?
Zeta, a decentralized derivatives exchange on Solana that offers a fully on-chain orderbook ✅
Tensor, an NFT marketplace on Solana offering a fast and feature-rich platform ✅
Realms, a platform built on Solana that provides tools for builders to make their own DAO ✅
Jupiter, a DEX aggregator on Solana that provides the best swap rates by combining liquidity from multiple sources ✅
IntentX, a next-gen OTC derivatives exchange that offers perpetual futures trading ✅
Zora, a decentralized protocol for creators to publish, share, and monetize their work ✅
🔗 Noteworthy Links
Ask the Builders: Introducing the 2024 CoinFund Founder Forecast
Buterin: Original Web3 visions have “faded into the background”; Original article by Buterin
KyberSwap treasury grant program for users affected by the elastic exploit
Curve DAO agrees to pay a $44M compensation for the July hack victims
Ledger ConnectKit library security issue affects multiple Dapps
Arbitrary Address Spoofing Attack: ERC2771Context Multicall Public Disclosure
CFTC Chair claims most cryptos are commodities, admits there’s a “turf war” over crypto
Hong Kong says it’s ready to accept spot crypto ETF application
HKMA chief: Stablecoins could become an interface between traditional finance and crypto
SEC rejects Coinbase’s request for a separate regulatory framework for crypto
Judge rules Terra “stablecoin” and other tokens are securities in victory for the SEC
Tether freezes all OFAC-sanctioned wallets in a “proactive” security measure
Cracks in the Code: Understanding AMM Protocol Vulnerabilities
Bitcoin Inscriptions Divide BTC Community Amid Network Congestion
Introducing the first open node operator performance methodology
Circle-backed Xion rolls out testnet based on “generalized abstraction”
L1s vs L2s, Rollups vs. Integrated, General-purpose vs. App-specific
Compound DAO vote to pay developer for major bugfix falls 15K votes short
Starknet developers to receive a portion of network operator fees
Synthetix to end $SNX token inflation shifts toward buybacks and burns
Wallet Infrastructure: Empowering the Next Generation of Dapps
Swarm launches permissionless trading platform for tokenized RWAs
Rainbow unveils points for Ethereum users, targets MetaMask community
Namada allocates 3% of token supply to incentivized testnet users
Cosmos DeFi hub Osmosis registers gains amid its volume spike
Former LDO holder files class-action lawsuit against Lido DAO
BloXrout will reject transactions with OFAC-blacklisted addresses
Phantom adds support for Bitcoin, Ordinals, and BRC-20 tokens
Taiko: Auctions; Context, Types, what is an auction from the Auction Theory perspective?
Aggregators: How sequential workloads are executed in parallel
Ethereum is the Only Institution-Friendly Smart Contract Chain
Our referral link for Kinza nets an extra 10% on the airdrop
💸 Venture Financing
38% of VCs disappeared from dealmaking in 2023.
Crypto VC funding significantly decreased in 2023, down 68% from the previous year.
Coinbase, Galaxy, Polygon, Multicoin, and other VCs shared their 2024 funding outlook.
Shadow raised $9M in funding, with the round led by Paradigm.
Versatus, an Ethereum scaling startup, raised an undisclosed amount of seed funding at a valuation of $50M.
SYMMIO raised more than $1.1M in $USDC ahead of its Q1 launch.
Rhinestone announced its pre-seed funding round, with 1kx, Lattice, Safe, and Heartcore participation.
Brahma Console secured $2.5M in seed funding from an extension round, in addition to a main release going live.
Morph, an L2 consumer-centric blockchain, received a multimillion-dollar investment from Bitget.
Dynamic Labs secured $13.5M of Series A funding, with the round led by a16z.
NodeKit closed a $1.2M pre-seed funding round, hoping to use the funds to enable a network of rollups.
Lolli, a Bitcoin rewards provider, raised $8M in Series B funding.
Foresight Ventures launched its third $10M accelerator following its deal with The Block.
🗓️ Upcoming DeFi Events
🔥 ETHDenver 2024 - 23 Feb 2024 - Denver, US
DappCon 2024 - 21 May 2024 - Berlin, Germany
EthCC 2024 - 08 Jul 2024 - Brussels, Belgium