Audits and rug-pulled projects, a $650B token burn, and major DeFi protocol quits UK: Finance Redefined

The leading 100 DeFi tokens had a bullish week, with most of the tokens trading in green with double-digit weekly gains. Just a couple of weeks back, the token was trading like a memecoin in the six-figure range.Continue readingPolygon launches POL token agreement on Ethereum to ultimately change MATICPolygon Labs has introduced the Ethereum contract for the new Polygon token, POL, according to an Oct. 25 announcement. In the statement, the Polygon group declared that POL would “power a huge environment of absolutely no knowledge-based Layer 2 chains” by implementing a “re-staking protocol” that permits tokenholders to stake it on multiple chains, performing several functions in the process.Continue readingDeFi market overviewData from Cointelegraph Markets Pro and TradingView reveals that DeFis leading 100 tokens by market capitalization had a bullish week, with a lot of tokens trading in the green on weekly charts.