Ethereum DeFi Protocol That Just Raised $175 Million From a16z And Paradigm Has A Bold Message For Wall Street

Cardano’s total value locked dropped close to 30% in June, sliding from $129 million to $92 million — a fall that closely tracks ADA’s own price decline of 27% over the same stretch. Yet one platform inside the ecosystem is pushing back hard against the idea that the network is finished. DexHunter, a Cardano-based DEX aggregator, took to X to argue that the blockchain is more alive than ever, citing a sharp spike in trading activity as proof that user engagement remains strong despite ADA’s price weakness. Related Reading: Security Milestone: XRP Lending Protocol Completes Military-Grade Assessment A Surge, Then A Pullback Daily DEX trading volume on Cardano shot up from roughly 6 million ADA to 25 million ADA across four days, one of the steepest volume increases in recent months. DexHunter attributed that spike to heavy trading in tokens including NIGHT, STRIKE, and SNEK, as well as stablecoins such as USDCx. Volume has since retreated to around 7.45 million ADA, down 11% in the most

Starknet launches STRK20, enabling private ERC-20 balances and transfers with viewing keys for lawful, targeted disclosure across DeFi apps.

David Schwartz answered a CTO emeritus jab with an XRP Ledger poem covering payments, custody, tokenization, DeFi and his 15-year role on X.

A potential bargain or just the calm before a bigger drop?

Morpho raises $175M from Paradigm, a16z Crypto and Ribbit as the DeFi platform expands its open credit network for banks and asset managers.

One of MiCA's architects said he sees no need to regulate DeFi as the European Commission gathers feedback on the framework's future.

Morpho's funding surge underscores DeFi's growing appeal to traditional finance, potentially accelerating blockchain integration in banking. The post DeFi lender Morpho nears $2B valuation after $175M raise led by Paradigm and a16z appeared first on Crypto Briefing.