Watch Out For These 10 DeFi Altcoins: They Announced Big News!

DeFi altcoin market continues to attract the attention of global capital, while also being adopted. In 2022, the total value of the DeFi market reached 102.6 billion. This is the volume of an altcoin that could rank 3rd by market cap. In this post, let’s list the week’s DeFi updates, from strategic partnerships to project launches and key developments.

The most critical DeFi altcoin announcements of the week

TofuNFT, formerly known as SCV Finance, strategically partnered with Farm skylines last week. Through the partnership, tofuNFT will serve as a trusted marketplace for Skylines. Also, tofuNFT is currently the largest NFT marketplace on Binance Smart Chain (BSC).

Last week, Binance Labs made a strategic investment in the DeFi NFT market as a strategic investor in Solv Protocol. According to the announcement, the protocol will be able to create and launch NFTs on the Binance NFT market. Interestingly, Binance Labs is Binance’s VC and innovation hub.

Idle DAO announced the release of liquidity in Bancor. The liquidity launch will provide users with increased market liquidity.

Last week, Solana-based financial metaverse protocol Larix released version DeFi 2.0. Immediately after launch, Larix experienced a notable increase in its TVL. Larix currently has the highest supply APR and the lowest borrowing APR in Solana. Stakers can also earn 5x booster rewards.

Label Foundation announced the release of OPEN TRACK version 2.0. OPEN TRACK is the Label Foundation’s core content platform. The version 2.0 launch will include artists like Justin Bieber.

NFT, P2E, RPG mobile game WonderHero’ is officially live. The RPG mobile gaming platform has also launched an awards party to commemorate its launch. The party took place on January 26, 2022. As a result, the platform offers users the opportunity to earn more rewards. Also, the first phase of the party is scheduled to end on February 6, 2022.

On the other hand, Binance Smart Chain (BSC) has announced the launch of the highly anticipated update v.1.1.8. All node operators need to upgrade their software to this version. According to the announcement, BSC v.1.1.8 will bring various changes to the BSC network.

As we quoted asKriptokoin.com, Aave V3 protocol tesntnet has been published. Users can start the V3 protocol with a few testnet stages. As a result, some of these testnets are Harmony testnet, Ethereum Rinkeby, Phantom testnet, Avalanche Fuji, Polygon Mumbai, etc. includes.

tofuNFT strategically partnered with BreederDodo. Therefore, this partnership will provide a reliable NFT market for BreederDodo’s DODO Minion. Interestingly, One DODO Minion can be divided into six categories using attributes such as its title, face, skin, weapons, base, and background. You can also check out the DODO Minions here.

According to the announcement, Polygon has now reached over 7,000 Dapps. This is an important milestone for the Polygon ecosystem. As of October 2021, Dapps on the Polygon network were just over 3,000, representing more than double the value in less than three months. Also, Dapp creation teams at Polygon grew by 43% in a single month.