Recap of DeFi Space, October 2023
Hello, DeFi Aficionados!
🎃 As October paints our surroundings with enchanting shades of orange and crimson, we're ecstatic to usher you into the latest installment of your favorite DeFi Digest! This month, as the world embraces the spooky season, the decentralized finance domain has been anything but quiet, churning out fascinating innovations, pivotal shifts, and magnetic market trajectories.
🍁 In this edition, we embark on a journey to uncover the recent milestones and game-changing events that are shaping the decentralized financial terrain. From groundbreaking DApps to regulatory waves, from NFT integrations to innovative DeFi partnerships, every intricate corner of our thriving ecosystem is unraveled for you.
🌌 October has not just been about the ghouls and candies; it's also been about pioneering projects making their mark, established platforms enhancing their user experiences, and the global DeFi community weaving together stronger, more resilient networks. The tempo and verve of this space remain unmatched, proving once more the transformative potential of decentralized systems.
🍂 With new DeFi projects sprouting like autumn leaves and established giants showcasing their resilience, October stands as a testament to the sector's dynamism and tenacity. We're thrilled to highlight the successes, opportunities, and the ever-present spirit of innovation that embodies the heart of the DeFi movement.
Thank you for being an integral part of this decentralized revolution. Let's dive deep into the currents of October, understanding, adapting, and thriving in the spellbinding world of DeFi.
With Warmth and Curiosity,
The Defiprime Team
❓ What's new at Defiprime?
Matrixdock, a digital assets platform that provides investors transparent access to tokenized RWAs ✅
Backed, a project creating on-chain infrastructure for capital markets ✅
Openeden, a vault that provides investors with direct exposure to a pool of T-bills backed by $USDC and US dollar reserves ✅
Ondo, a project aiming to create secure, on-chain products ✅
🔗 Noteworthy Links
Stars Arena exploit; $2.9M in $AVAX; Hacker returns 90% of funds
PetroChina completes first international oil trade in Digital Yuan
SEC not planning on appealing court ruling on Grayscale spot Bitcoin ETF
US Congressmen urge the DOJ to decide whether or not to charge Binance, Tether for aiding Hamas
Marshall Islands strengthen laws that make DAOs legal entities
Web3 funding down as the winter persists; Wu Chain VC Sep. Report; Coindesk Report
Coindesk: Tokenized RWAs could grow to a $10T market by 2030
New AIP from ApeChain DAO: zk-powered Polygon L2 to support ApeCoin growth
Uniswap now charging 0.15% to swap certain tokens on its web interface and wallet
Measuring the Concentration of Control in Contemporary Ethereum
Maker annualized revenue rises above $200M in an all-time high
Temporal Governance: Pioneering Cross-Chain Protocol Governance
Bloomberg Documentary: “RUIN: Money, Ego, and Deception at FTX”
dYdX chain launch; plans to distribute network fees to validators and stakers
Uniswap DAO temperature check: Investing $12M $UNI for 20% share in Ekubo’s governance
💸 Venture Financing
CMCC Global raised $100M in funding, hoping to fund Hong Kong-based blockchain companies.
Cicada, a non-custodial lender, secured $9.7M in pre-seed funding.
Ostium Labs closed a $3.5M funding round, aiming to use the funds to bring perpetual swaps to oil and gold.
Parsec, an on-chain data analytics platform, announced a $4M funding round.
Initia, an L1 chain, received an undisclosed amount in pre-seed funding from Binance Labs.
Account Labs raised $7.7M in funding, hoping to create a Google-enabled crypto wallet.
GMX received the largest share of the Arbitrum STIP grants, securing $40M.
Squads secured $5.7M in strategic funding, with the round led by Placeholder.
Elixir Protocol raised $7.5M in Series A funding, with the protocol holding a $100M valuation.
SynFutures closed a $22M funding round, hoping to use the funds to improve its DEX and possibly launch a token.
Walmart and Outlier Ventures collaborated to create a web3 accelerator named Store Nº8 Base Camp.
Nocturne Labs, a privacy protocol firm, raised $6M in funding.
Surf Protocol closed a $3M funding round, aiming to develop the first permissionless perp DEX with the funds.
🗓️ Upcoming DeFi Events
DuneCon 2023 - 02 Nov 2023 - Lisbon, Portugal
Devconnect - 13 Nov 2023 - Istanbul, Turkey