DeFi3.0 Industry News Vol.4

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  1. Solana and the Moonbirds boost the NFT market to a monthly trading volume of $6.3 billion
  2. According to a study co-authored by Uniswap, Uniswap has more liquidity than Coinbase and Binance.
  3. Greylock Partners, Jump Crypto, and Jared Leto contributed $70 million to 0x Labs.
  4. USDC.homes Introduces Crypto Mortgages in Texas
  5. Jane Street gets a $25 million DeFi loan from Clearpool

A roundup of the most important stories from the previous week’s news by DefiThree’s analysts. We keep an eye on the latest DeFi industry news so you don’t have to.

Solana and the Moonbirds boost the NFT market to a monthly trading volume of $6.3 billion

According to DappRadar’s monthly report, the NFT market set a multi-month trading volume high of $6.3 billion in April, up 23% from March and breaking the $6 billion mark for the first time in its existence. Trading volume for NFT on the Solana blockchain increased by 91% month over month, while Moonbirds accounted for $500 million.

According to a study co-authored by Uniswap, Uniswap has more liquidity than Coinbase and Binance.

According to the analysis, on the popular trading pair ethereum (ETH) vs US dollars (USD), Uniswap had twice as much liquidity as both Binance and Coinbase. Uniswap’s liquidity for ethereum versus bitcoin (BTC) was three times that of Binance and an astonishing four and a half times that of Coinbase.

Many stablecoin pairings, including USD coin (USDC) and tether (USDT), have more liquidity on Uniswap than on its centralised rivals, the two researchers said in their analysis. The research said, “For USDC/USDT, Uniswap v3 has about 5.5 times greater liquidity than Binance.”

Greylock Partners, Jump Crypto, and Jared Leto contributed $70 million to 0x Labs.

0x Labs, a San Francisco-based provider of decentralised exchange technology, has concluded a Series B funding round headed by Greylock Partners and valued at an undisclosed amount. Investors in the round included Pantera, Jump Capital, OpenSea, and Jared Leto, as reported exclusively by Forbes. 0x raised $24 million in 2017 via the sale of ZRX tokens and $15 million in a Series A equity financing headed by Pantera Capital.

USDC.homes Introduces Crypto Mortgages in Texas

USDC.homes is now offering customers crypto mortgages financed and repaid in USDC, enabling this market-changing use case. USDC.homes allows lenders to invest crypto in real estate and is backed by TrueFi, a Trust Token system for uncollateralized lending.

USDC.homes provides both unsecured and secured loans, using ETH, BTC, USDC, and other popular currencies as collateral. While all loan transactions are on-chain, borrowers may provide off-chain data like their credit score when applying. Prior to USDC.homes, a home buyer had to convert crypto assets into fiat, exposing oneself to taxes, fees, and loss of position.

Jane Street gets a $25 million DeFi loan from Clearpool

According to a press release issued by Clearpool on Tuesday, prominent trading firm Jane Street has taken its first step into DeFi, borrowing $25 million in USDC from BlockTower Capital through DeFi marketplace Clearpool, with plans to eventually increase that amount to $50 million. Jane Street is a well-known name in the financial industry. Bloomberg was the first to break the story.