Ethereum Transaction Fees Hit a New All-Time High
DeFi was a hot topic in
September. Below are some of the stories influenced by the Defi yield farming
trend and its effects on the Ethereum blockchain, where most Defi projects
are running.
Decentralized Finance
surge Leads ETH Gas Fees Higher
The average fee paid to
transact on the Ethereum network hit a new all-time high of $14.5 as the DeFi
space kept growing. The average transaction fee started dropping since then
and it’s now at $2.6.
DeFi’s Total Value
Locked Hit $11 Billion
The total value locked in DeFi went from
around $9 billion to an $11.2 billion all-time high before it also started
dropping. The drop came at the end of the month, after news of U.S. President
Donald Trump testing positive for the new coronavirus shook equity and
cryptocurrency markets.
DeFi Protocol bZx
Recovers $8 Million in Crypto Stolen in Third Exploit
DeFi lending protocol bZx has
revealed it managed to recover the over $8 million
worth of cryptocurrency that an attacker stole from it earlier this week. The
team behind bZx reportedly managed to track down the attacker who exploited
the protocol using on-chain activity. Once confronted, the attacker agreed to
return the funds.
