European DeFi startups saw a 120% increase in VC funding in 2022. This is a significant milestone for the DeFi industry, and underscores the growing interest and demand for blockchain technology and other emerging technologies in Europe.

LI.FI, the leading multi-chain liquidity and data gateway, announced today that it has raised more than $17 million in a Series A fundraise co-led by CoinFund and Superscrypt.

We are excited to announce that the DeFund Protocol will be deployed on the Polygon Network! This not only means lower fees and faster transaction speeds but also makes our user base more diverse....

The decentralized finance (DeFi) industry has had a successful Q1 2023, with a significant increase in total value locked (TVL) and a new focus on the Arbitrum network. The article notes that the DeFi industry has seen a surge in activity over the past few months, as more businesses and individuals seek to participate in the market and take advantage of the potential benefits of blockchain technology and DeFi platforms.

Aptos, a DeFi protocol, is ramping up its foundation to benefit from the tribulations of centralized exchanges (CEXs). The article notes that the recent issues faced by some centralized exchanges, including regulatory crackdowns, security breaches, and other challenges, have highlighted the potential benefits of decentralized finance (DeFi) and blockchain technology.

Shell Protocol, a decentralized finance (DeFi) platform, is planning to launch Shell USD on the Arbitrum network. Shell USD is a stablecoin that is pegged to the US dollar, and is designed to provide greater stability and predictability in the cryptocurrency market.

DeFi platform Rari Capital was hacked for more than $80 million in crypto assets held within its Fuse lending pools.

Blockchain startup Econia Labs has raised $6.5 million in a seed funding round led by Dragonfly to expand its team, support community initiatives, and onboard developers to both the Aptos and Econia ecosystems.

Decentralized finance (DeFi) staking service Lido will end its staking program on Polkadot and Kusama on August 1 due to adoption and growth not meeting "business case expectations to sustain investment," according to Lido developer MixBytes. The move follows challenged macroeconomic factors and a lack of liquidity in Polkadot's DeFi ecosystem, MixBytes noted. Lido is a liquid staking protocol that allows users to use staked ether (stETH) on other protocols and blockchains while reaping the staking rewards. Deposits are no longer being accepted on Polkadot and Kusama, and on June 22 all assets will be automatically unstaked.

Radiant Capital is a native lending protocol on Arbitrum, similar to AAVE and Compound. However, unlike traditional lending protocols, Radiant's lending service includes cross-chain functionality.