Hey DEFI TIMES community,

The crypto markets are bloody red compared to the insane highs we saw in March/April 2021. Take a look at the Fear & Greed Index!

Even though the insanely bearish price action seems over, people are still confused. They don’t know where things are heading!

Markets keep declining, but there’s one thing that doesn’t care… DeFi!

The best metric to track DeFi’s growth is the amount of ETH locked in smart contracts.

And apparently, almost ¼ of all ETH are now locked in DeFi protocols.

Anthony Sassano Ξ 🦇🔊 @sassal0x

This chart is absolutely incredible. The amount of ETH in smart contracts is now at a similar level to what it was during The DAO event (around 23% of all ETH). In June of 2016, that was ~$230 million worth of ETH. Today, it is ~$63 billion worth of ETH.

3:42 PM ∙ Jun 13, 2021

---

816Likes140Retweets

This is an extremely healthy sign! It shows - once again - that DeFi doesn’t sleep. People might be bearish, but for how long?

At this point, the amount of ETH locked is almost at the same level as what it was during the DAO hack!! However, this time, we built a safe and battle-tested environment.

Prices decline - but fundamentals keep exploding. You don’t have to be a genius to realize that the market is not recognizing the opportunity.

Think long-term… keep stacking ;)

Subscribe to our newsletter to level up your crypto game!

VanEck ETF Decision Delayed

DEFI TIMES @defitimes

BREAKING: The SEC delays VanEck's Bitcoin ETF decision once again!

defitimes.ioSEC Delays Decision About VanEck’s Bitcoin ETF Application - DEFI TIMESThe SEC delays its decision about VanEck’s bitcoin ETF application. On August 1st the SEC could finally decide about VanEck’s bitcoin ETF.

4:31 PM ∙ Jun 17, 2021

The SEC has delayed their decision about a potential Bitcoin ETF - once again!

Kyber Goes Polygon

DEFI TIMES @defitimes

BREAKING: @KyberNetwork expands to Polygon with liquidity mining program! 🚀 defitimes.io/defi/kyber-exp…

defitimes.ioKyber Expands To Polygon! - DEFI TIMESKyber Expands To Polygon! The protocol will launch a liquidity mining program on Polygon. Polygon helps DeFi to become scalable!

9:08 AM ∙ Jun 17, 2021

Kyber has announced that they will expand to Polygon! The Polygon ecosystem is growing!

BitDAO announced

DEFI TIMES @defitimes

BREAKING: @BitDAO_Official has raised $230 million to become one of the world's largest DAOs! Read here! 👇 defitimes.io/defi/bitdao-ra…

defitimes.ioBitDAO Raises $230M to Launch One of the Largest DAOs - DEFI TIMESBitDAO has completed a private sale, with over $230M from leads (Peter Thiel, Founders Fund, Pantera Capital and Dragonfly Capital)

11:25 AM ∙ Jun 16, 2021

BitDAO has completed a private sale, with over $230M from leads (Peter Thiel, Founders Fund, Pantera Capital, and Dragonfly Capital) and other partners.

dYdX raises $65 million

DEFI TIMES @defitimes

BREAKING: @dydxprotocol raises $65 million in an investment round led by Paradigm!

defitimes.iodYdX Raises $65 Million From a16z, Paradigm, and More - DEFI TIMESdYdX, an Ethereum-based decentralized exchange, has raised a Series C worth $65 million.

3:46 PM ∙ Jun 15, 2021

---

6Likes1Retweet

dYdX has raised $65 million in their Series C. Paradigm has led the investment round, with several others participating: a16z, Polychain Capital, and Three Arrows Capital.

IRON Bank Run

IRON Finance @IronFinance

Dear community, please withdraw liquidity from all pools. We will share a post-mortem as soon as we have a better understanding of this bank run. USDC collateral is available for redemption as normal: polygon.iron.finance/bank?action=re… Iron Finance Team

12:25 AM ∙ Jun 17, 2021

---

373Likes125Retweets

Iron Finance, a fork of partially collateralized stablecoin Frax, has suffered a bank run that de-pegged its stablecoin IRON.

InstaDapp launches INST

Instadapp @Instadapp

1/ Instadapp Governance (INST) is live!

blog.instadapp.ioIntroducing INSTInstadapp Governance is live!

6:31 PM ∙ Jun 16, 2021

---

403Likes116Retweets

InstaDapp has launched a governance token, called INST. Check if you are eligible to claim the airdrop here!

Cream Goes Arbitrum

Cream Finance 🍦 @CreamdotFinance

Excited to announce that C.R.E.A.M. Finance will be launching our money market on @arbitrum! 🍦 🚀 medium.com/cream-finance/…

medium.comC.R.E.A.M. Finance Is Coming to ArbitrumWe are excited to announce that C.R.E.A.M. Finance will be launching our money market on Arbitrum! C.R.E.A.M. is honored to be a part of the initial cohort of DeFi projects launching on Arbitrum…

2:58 PM ∙ Jun 15, 2021

---

239Likes33Retweets

Cream Finance announced they will go on Arbitrum! Is this the start of another DeFi Summer?

Ledger integrates ParaSwap

Blockworks @Blockworks_

Ledger integrates @paraswap into its Ledger Live trading platform allowing users to access DeFi markets

blockworks.coHardware Wallet Ledger Integrates DeFi For Enhanced Liquidity - BlockworksLedger wallet users will soon be able to access DeFi markets directly through Ledger Live, its trading app, through ParaSwap.

8:03 PM ∙ Jun 15, 2021

---

30Likes6Retweets

Ledger has integrated ParaSwap into its Ledger Live Trading Platform.

InsurAce Protocol

InsurAce Protocol @insur_ace

1/ InsurAce is very pleased to announce our deployment on @BinanceChain, making us the first insurance protocol to launch on both Ethereum Network and Binance Smart Chain. #bscnews #definews

12:03 PM ∙ Jun 17, 2021

---

60Likes23Retweets

InsurAce Protocol is now the first insurance protocol to ever launch on both Ethereum and BSC!

Find us on:

• Podcast | Apple | Spotify

• News Website

• YouTube

• Discord

• Twitter

• Instagram

DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.