
Binance Labs Makes Strategic Investment in Coin98 to Spur DeFi on BSC
Binance Labs has announced a strategic investment in Coin98, a Vietnam-based blockchain company, to help grow the DeFi ecosystem of Binance Smart Chain (BSC).

Binance Labs has announced a strategic investment in Coin98, a Vietnam-based blockchain company, to help grow the DeFi ecosystem of Binance Smart Chain (BSC).

Just a few days after raising $32 million on a token sale, the decentralized platform Umee announced the integration with Chainlink.

Algofi and Algorand Foundation has partnered to launch a $3 million liquidity incentive program that will distribute 2 million ALGO to the user of Algofi in Q1 of 2022.

Coin98 Finance, a blockchain-focused software company based in Vietnam, has officially announced the launch of its new DeFi product, Saros Finance, on the Solana blockchain network.

There is no stopping capital inflow in the cryptocurrency market. In the latest development, Coinbase Ventures and venture capital firm Sequoia China has led a $25

2021 has been non less than an extraordinary as well as a tumultuous year for the cryptocurrency industry. From tremendous institutional inflow to expansion across the
![Despite DeFi migration From Ethereum [ETH], Are L1s losing market share to L2s?](https://crypto-economy.com//wp-content/uploads/2021/12/l2-tvl.jpg)
L2 protocols are gaining traction, but it seems the market is moving towards a new direction in terms of DeFi services. Platforms like Anchor Protocol, Terra,

Swiss SEBA Bank is aiming at joining the permissioned institutional DeFi platform, Arc, built by popular DeFi protocol Aave.

DeFi innovation is happening at a rapid pace. In the latest development, prominent liquidity provider and open-source protocol, Balancer Labs have announced the launch of Boosted
![Cardano [ADA] lending platform to utilize Force Bridge to increase liquidity](https://crypto-economy.com//wp-content/uploads/2021/12/cardano-stars-CE-1.jpg)
Cardano-based lending platform MELD is all set to leverage the “Force Bridge” as a mechanism to ramp up liquidity for its platform.
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