Jellyverse developer Jelly Labs AG and Fintonomy LTD announced that they have received $2 million in funding from private investors to support the development of the decentralized finance service platform Jellyverse.It is reported that Jellyverse was initiated by the core team of DeFiChain Accelerator, aiming to integrate real assets into the decentralized finance (DeFi) field and build the next generation of DeFi 3.0.

According to DefiLlama data, on December 4th, the total locked value (TVL) of DeFi protocols across the entire network exceeded 50 billion US dollars, an increase of 2.3% in the past 24 hours, including:<br>Lido has the highest TVL, at 21.1 billion US dollars, an increase of 4.19% in the past 24 hours;<br>Maker ranks second, at 8.7 billion US dollars, an increase of 2.59% in the past 24 hours;<br>AAVE ranks third, at 6.3 billion US dollars, an increase of 3.52% in the past 24 hours.

According to market data on December 3rd, decentralized auction platform Bounce Finance's native token AUCTION rose to touch $15.49 and is currently trading at $15.33, with a 24-hour increase of over 24%.Previously reported by BlockBeats, Bounce Finance announced the launch of BounceBit, a DeFi solution designed for the Bitcoin ecosystem, powered by AUCTION and based on Binance Bitcoin (BTCB).

Stacks development team plans to complete the Nakamoto upgrade before next year's Bitcoin halving event in April.

DeFi platform Shell Protocol announced on X platform that the SHELL token will be internally minted in mid-December, followed by 3 to 4 weeks of testing and verification of token locking and DAO system. The token will be publicly released in mid-January 2024. Shell Protocol also stated that once the audit is completed, more details on token issuance will be announced during the Secret Holiday Crafting Event.

Binance DeFi staking and mining will stop offering BTC and ETH current DeFi mining products at 14:00 on December 5, 2023 (GMT+8), and will no longer provide subscription services.

Odaily Star Planet Daily News Bounce Finance, a decentralized auction platform, announced the launch of the Bitcoin DeFi solution BounceBit based on BTCB.

According to official X account news, Yearn v3 has now been launched on Polygon. Yearn v3 aims to be the underlying layer for all DeFi yields. As open, permissionless, and composable as possible, v3 will gradually add new vaults and strategies before releasing on other chains.

JPMorgan stated in a research report on Thursday that in recent months, as the expected approval of the US-listed bitcoin exchange-traded fund (ETF) improved the sentiment of the cryptocurrency market, decentralized finance (DeFi) and non-fungible token (NFT) activities have shown signs of recovery. The report stated that this growth occurred after a slowdown in the past two years, "therefore, people are optimistic that the worst period for DeFi/NFT activities may have passed in terms of the mid-term trajectory." The report also stated that the Ethereum blockchain does not seem to have benefited from the recent recovery of DeFi and NFT activities and faces issues related to "network scalability, slow transaction speed, and high fees," as well as competition from other layer-one chains.

According to a report by RedStone Oracles, the total TVL of liquidity collateral agreement accounts has reached 26.8 billion US dollars. Liquidity collateral agreements issue tradable digital assets in the form of LiquidS tokens (LST), providing users with a convenient way to participate in cryptocurrency collateral without the complexity of running validator nodes and managing hardware. The report states that LSTfi is a subset of decentralized finance (DeFi) that uses liquidity collateral tokens such as stETH, rETH, WBETH, or cbETH to achieve innovative yield strategies and maximize returns.