Our weekly crypto derivatives analytics report delves into macro events and the current state of crypto and trading signals from spot trading volume, as well as futures, options and perpetual contracts.

Another week brought another risk-off event in the crypto market, reflecting its correlation with equities. Despite last week's sell-off, BTC outperformed the broader market with a milder decline, evident in its derivatives positioning. Options markets initially priced short-term volatility higher, but the inversion resolved quickly. In contrast, ETH experienced a sharper inversion, with significant spikes in short-term options and realized volatility. A liquidation event led to an estimated $10 billion loss in open interest for perpetual swap contracts, 

. This bearish sentiment was reflected in funding rates, with altcoins showing a more persistent negative trend post-crash as compared to BTC.

Open interest collapsed across major tokens, flipping funding rates negative, except for BTC. ETH's realized volatility surged above 140%, its highest level in over three months, with the implied volatility term structure spiking and remaining inverted days after the crash.

Please check out the report’s highlights.

Open Interest Falls During Painful Liquidation Event

Another Monday sell-off occurred alongside a decline in U.S. equities and other risk-on assets due to fears over Trump tariffs, leading to a drop in perpetual swap positioning. Nearly $3.1 billion in open interest was wiped out from the perpetual swap markets of BTC, ETH, XRP and SOL after a late-Friday high. This decline was likely driven by liquidated leveraged positions, as traders missed margin calls during the rapid drop in spot prices. Bybit CEO Ben Zhou estimated that the true notional value of liquidated positions across markets may have ranged from $8 billion to $10 billion. The sell-off also triggered the largest spike in trading volumes in over a month, with $31 billion in perpetual swap contracts traded on Feb 2, 2025 across the four major tokens’ markets.

Altcoin Funding Rates in Negative; BTC Clings to Neutral Rates

A second consecutive Monday-morning sell-off has kept perpetual swap funding rates low and negative, indicating excess demand for leveraged short exposure. This trend likely stems from the liquidation of long positions, due to the sharp correction in spot prices. Notably, altcoins' funding rates have shown more consistency since February 3, 2024, reflecting their steeper declines as compared to BTC’s.

ETH's spot price experienced a deeper correction than BTC’s during Monday's sell-off, dropping below $2.5K. Surprisingly, options market activity remained steady, likely due to fewer at-risk leveraged long positions to liquidate, thus keeping open interest levels firm. However, the spot move caused realized volatility to spike near 140%, with options markets pricing in a significant term structure inversion that has yet to be resolved. ETH's implied volatility is approximately 15 points higher than BTC's at equivalent tenors, indicating that traders expect continued volatility in ETH's spot price.

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 5, 2025): Record Liquidations Result From Perp; Traders Expect More Volatility in ETH

Victoria VR leverages AI and blockchain to enhance gaming with immersive VR experiences, AI-driven interactions, and a self-sustaining digital economy.

With over 3 billion gamers worldwide (and counting), the 

 industry needs to constantly find new and innovative ways to keep their myriad participants entertained and engaged. Technologies such as virtual reality (VR) and the 

, which include augmented reality (AR) and 

, have contributed substantially to creating an immersive gaming experience.

As the metaverse continues to unlock endless opportunities for the gaming world, Victoria VR has set out on a mission to integrate artificial intelligence (AI) to improve gaming experiences.

Let’s take a deeper look at Victoria VR and the way it’s leveraging AI to tap into the gaming metaverse and upgrade users' experiences.

Victoria VR is a blockchain-powered virtual reality (VR) AI metaverse designed to leverage AI and VR to provide an immersive web3 gaming experience. 

The Victoria VR blockchain project is on a mission to create a thriving and immersive infrastructure in which the gaming world can explore its metaverse in an enhanced way.

Through AI, Victoria VR provides gaming developers with AI tools to build immersive games in a secure, transparent and scalable ecosystem. With features like the VR AI Builder and AI Agents, Victoria VR provides an AI-powered ecosystem to interact with its metaverse.

Its native token, VR, is poised to provide users with a self-sustaining virtual economy in which gaming, blockchain, the metaverse and VR content creation can interact cohesively.

To shape the future of VR through an AI-powered metaverse for immersive gaming, Victoria VR has created the following features.

The VR AI Builder is designed to simplify developers' challenges when creating VR content. Currently, VR game development requires programming skills and significant resources in terms of time and money. However, the VR AI Builder is integrated with OpenAI, making it simple to use with simple text commands. With VR AI Builder, anyone can quickly create VR content, thereby reducing costs, saving time and supporting scalable growth. It also supports integrating new AI technologies as they continually emerge.

The VR AI Builder empowers both novices and experienced developers to create and expand virtual worlds, complete with games and assets. Furthermore companies can use the VR AI Builder to create virtual buildings, showrooms and storefronts; simulate training; and provide immersive experiences to their customers.

The VR AI Builder is driven by the VR token, which plays a crucial role in building and monetizing virtual worlds.

At the heart of Victoria VR’s metaverse are its AI Agents, autonomous and intelligent creations that can independently interact and adapt in a virtual environment. These agents learn user behaviors and preferences in order to provide customized and effective support.

Creating VR AI Agents on the platform is accessible to everyone, and doesn’t require advanced technical knowledge. Some specific roles these agents can perform include NPCs in games, shopping assistants in virtual stores and even virtual teachers.

VRtap is a Telegram-based clicker PvP game by Victoria VR that uses feng shui to immerse players in an elemental adventure, helping the project community stay connected and engaged.

Some of the features of VRtap include the following:

VR is the native token that powers the Victoria VR platform. It's designed to facilitate seamless interaction on the platform and ensure a self-sustaining economy. The total supply of VR is 16.8 billion tokens, with a current circulating supply of just under 6.85 billion.

As a utility token, VR has numerous use cases on the platform, including staking, governance and diverse use in powering Victoria VR's AI and gaming aspects.

The VR token is crucial to the self-sustaining aspect of Victoria VR's gaming pillar. It’s designed to ensure long-term sustainable value for the various stakeholders in the ecosystem.

The VR token is essential for accessing and monetizing the VR AI Builder feature. Builders need VR tokens to buy VR land in order to start using the feature. Once you have VR content, you can monetize it and receive payments in VR tokens.

Furthermore, the platform collects part of the fees generated through this feature in the form of VR tokens, which boosts circulation and enhances token utility.

The VR token helps create and fuel intelligent virtual experiences through VR AI Agents on Victoria VR. VR tokens’ use cases for VR AI Agents include the following:

VR tokens facilitate user interaction with the Victoria VR metaverse via both PC and mobile versions. Users can earn VR tokens through activities such as mining and community engagement. These tokens also ensure a cross-platform economy, whereby VR tokens earned from either version can be used across the Victoria VR ecosystem.

 Perpetual contract in the Innovation Zone with up to 20x leverage. Tokens listed in the Innovation Zone are typically from new projects that may be subject to higher volatility.

As of Feb 7, 2025, Victoria VR's price was $0.007863, a 98.7% drop from its all-time high (ATH) price of $0.61 on Dec 10, 2021, and a 67.7% increase from its ATL of $0.0047 on Jan 3, 2023.

Price prediction experts are cautiously bullish on the future price of the VR token. Experts at CoinCodex believe that VR 

 a maximum price of $0.01 in 2027, and increase to $0.03 in 2030. Meanwhile, DigitalCoinPrice’s forecasting experts believe that VR 

 $0.028 in 2027 and reach $0.0425 by 2030.

That said, these bullish predictions don't guarantee the future price of VR. We highly recommend you 

 before investing in VR or any other cryptocurrency.

Victoria VR is redefining the metaverse with its AI-driven, hyperrealistic virtual world. By blending blockchain technology with immersive VR, it offers an unparalleled digital experience so users can explore, interact and create with limitless possibilities.

Victoria VR’s integration of AI into gaming through the VR AI Builder and AI Agents gives it a competitive edge, and makes the project stand out in the web3 space, making its native token, VR, an asset to watch in the web3 space.

Beginner

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Victoria VR (VR): The Ultimate AI-Driven Metaverse Experience

Explore the difference between Spot and Perpetual Futures and find out how you can navigate volatile markets with these two trading methods.

Bitcoin moves 20% in an hour. Ethereum nose-dives as a whale dumps holdings. The crypto market is a poster child of volatility, and panicked traders may scramble. Others, calmer, may seize the chaos in order to profit. What separates these two outcomes? Often, it’s the trader’s hard choice of weapon.

Although spot trading and perpetual futures are both popular trading methods in crypto, their mechanics — and risks — are worlds apart. Spot trading offers simplicity and direct ownership, while perpetual futures provide leverage and flexibility. Each method carries its unique risks. 

In volatile markets, these tools behave differently, and a poor understanding of their dynamics can turn a calculated risk into a catastrophe. This article dissects spot and perpetual futures, explains why volatility amplifies their risks — and shows you how to choose the right strategy when markets go haywire. 

 is the buying or selling of a digital asset (like 

) for immediate delivery and settlement at its current market price. When you trade on spot, you directly exchange cash or 

 for the asset, with no expiration dates, 

You directly and physically own the asset as soon as the transaction is completed. The trade is settled on the spot (hence the name), meaning the exchange of the asset and the payment happen almost instantaneously, eliminating the risk of price fluctuations during the settlement period.

Say Bitcoin is priced at $100,000, and you buy 1 BTC on a spot exchange such as Bybit. You pay $100,000 (or equivalent in stablecoins) and immediately receive the Bitcoin in your wallet. If the price crashes to $90,000 the next day, your BTC is now worth $90,000 — a 10% loss. If, on the other hand, it surges to $106,000, your gain is 6%. The risk and reward are straightforward: you’re fully exposed to the asset’s price movement, with no amplified gains or losses. 

Here’s a visualization of the mechanics:

[Crypto Exchange] → [Deposit Fiat Currency/Stablecoins] → [Purchase Cryptocurrency on Spot Market] → [Wallet] 

 (or "perps") are derivative contracts or agreements to buy or sell an asset at a predetermined price at any time in the future. They let traders speculate on an asset’s price without ever taking ownership of it. 

Unlike traditional futures, which expire on a set date, perpetuals have no expiration — hence the name. Instead, they rely on funding rates to tether their prices to the underlying spot market. If combined with leverage, they’re a high-risk, high-reward tool for potentially profiting in volatile markets. 

Perpetual futures allow traders to use leverage, meaning the exposure is larger than the initial capital. For example, with 10x leverage, a $1,000 margin lets you open a $10,000 position. If Bitcoin rises 10%, your profit is $1,000 (10% of $10,000), doubling your initial margin. But if Bitcoin drops 10%, you lose your entire margin ($1,000) and face 

. Leverage magnifies volatility’s impact, turning small price swings into existential risks.

 is the collateral required to open a leveraged position (e.g., $1,000 for a $10,000 position at 10x), while the 

 is the minimum collateral needed to keep the position open. If your margin falls below this threshold, due to losses, you must add more funds or the exchange liquidates your position automatically. 

Let’s assume you open a 10x long on Ethereum with a $1,000 margin. If ETH drops 9%, your loss is $900, leaving $100 in margin. If the maintenance margin is 5% ($50), you’re still safe. But a 10% drop in Ethereum wipes out your margin, triggering liquidation. 

Funding rates are periodic payments (usually every eight hours) between 

 traders to keep perpetual futures prices close to the spot price. A positive funding rate exists when longs pay shorts. This happens when perpetuals trade above the spot price, incentivizing traders to sell (short). Negative funding rates — meaning that shorts pay long — occur when perpetuals trade below the spot price, encouraging buying (going long). 

In volatile markets, funding rates can swing wildly. For example, during a Bitcoin rally, excessive bullish sentiment may push perpetuals’ prices above spot prices, forcing longs to pay hefty fees to shorts. 

Trading a perp looks something like this:

[Trader’s Margin] → [Leverage (e.g., 10x)] → [Open Position] 

[Price Movement] → [Profit/Loss Calculated in Real Time] 

[Funding Rate Payments] (Every 8 Hours) 

[Liquidation if Margin < Maintenance Threshold] 

The Crucial Difference: Pricing Mechanisms

Traders must understand how prices are set in spot trading versus perpetual futures, especially in volatile markets, as mispricing can lead to unexpected losses or missed opportunities. 

 on a single exchange. When you buy Bitcoin on Bybit, the price reflects the highest 

 (sell order) in Bybit’s order book at that moment. When more people want to buy an asset than sell it, the price increases. Conversely, when more people want to sell than buy, the asset’s price drops.

However, spot prices can vary wildly between exchanges. High-volume exchanges, such as Binance or Bybit, typically have tighter 

 (smaller gaps between bid/ask prices). Regulatory restrictions and/or regional buying/selling pressure can also create price disparities. 

Perpetual futures prices aren’t tied to a single exchange. Instead, they track an index price, a weighted average of spot prices from multiple reputable exchanges. This arrangement prevents manipulation, and ensures fairness.

First, reputable exchanges with strong liquidity, such as Binance, Bybit and Kraken, are selected as contributors. Weights are then assigned based on trading volume, giving greater influence to exchanges with higher activity. The index price is computed using a weighted average, whereby (for instance) Binance contributes 50%, Bybit 30% and Kraken 20%, resulting in a balanced and representative market price.

Here’s a visual aid for the calculation: 

Index Price = (Binance Price × 50%) + (Bybit Price × 30%) + (Kraken Price × 20%).

Perpetual Futures Price ≈ Index Price + Funding Rate Adjustments 

Withdrawal halts occur when exchanges temporarily block users from moving assets off-platform. They are rare but catastrophic events, often triggered by extreme volatility, regulatory crackdowns or security breaches. These halts expose the fragility of spot markets, while highlighting the resilience of perpetual futures.

Imagine an exchange suddenly halts withdrawals. Its spot market turns into an isolated bubble, cut off from the broader crypto ecosystem. Here’s how this could happen:

 traders help balance prices across exchanges. If BTC is cheaper on one platform, some traders will buy it there and sell it on another where Bitcoin’s price is higher, keeping prices in sync. But when withdrawals are frozen, traders can’t move assets, making cross-exchange arbitrage impossible.

Let’s say Binance halts BTC withdrawals during a market crash. Panic selling on Binance drives BTC’s price down to $25,000, while on Bybit, it remains at $28,000. Under normal conditions, arbitrageurs would step in, buying cheap BTC on Binance and selling it on Bybit to close the gap. But with withdrawals locked, Binance’s price remains disconnected.

With liquidity trapped, bad actors can exploit the situation. A 

 could dump BTC on Binance, crashing its price to $22,000, while Bybit keeps trading at $28,000. Retail traders on Binance would suffer large losses as they’d be unable to transfer assets or take advantage of the price difference.

When withdrawals freeze, spot markets fracture, leaving traders stranded in a distorted price bubble, with no hope of escape until normal operations resume.

Perpetual futures contracts avoid the chaos of isolated spot markets by relying on an index price aggregated from multiple exchanges. This mechanism keeps them anchored to the broader market, even when individual platforms experience disruptions. 

For example, if Binance suddenly halts withdrawals, its BTC price may diverge from the rest of the market. However, because the index also includes prices from exchanges like Bybit and Kraken, it remains stable. Even with Binance carrying a 50% weight in the index, Bybit (30%) and Kraken (20%) ensure that the final calculation reflects a more accurate market value. This mechanism prevents traders from becoming trapped in a price bubble caused by a single exchange’s issues.

Another advantage is resistance to manipulation. If a bad actor tries to crash BTC’s price on one exchange, their influence on the index remains limited. To meaningfully distort the index price, they would need to control multiple major exchanges — a far more challenging and costly feat. 

This hardiness makes perpetual futures a more reliable option during crisis scenarios. Spot traders may get stuck with distorted prices when withdrawals are halted, but perps remain tethered to a broader market view. While they’re not immune to volatility, their reliance on aggregated data provides a crucial safeguard. However, traders must also consider funding rates and leverage risks.

Navigating a Withdrawal Halt: Staying Calm and Informed 

A crypto withdrawal halt — whether due to a flash crash, regulatory action or technical failure — can send traders into a frenzy. Prices may swing unpredictably as speculation runs wild and liquidity dries up. Nevertheless, survival in these moments is about keeping a level head.

Before making any moves, verify the situation. Fear-driven rumors spread fast, but official channels provide the facts. Exchanges like Bybit now offer real-time transparency on liquidations via their APIs, and CEO Ben Zhou has been vocal about publishing 

 during crises. Trust credible sources, not whispers from anonymous Telegram groups.

Emotional trading is the fastest way to lock in losses. Spot market prices on a halted exchange can detach from reality, plunging far below the broader market. Selling into that panic only benefits manipulators. Likewise, overleveraging on perpetual futures can backfire during times of extreme volatility. Traders who endure these moments best are the ones who stick to their risk management principles and wait for conditions to stabilize.

Bybit is setting new standards by committing to transparency, publicizing real-time liquidation data and encouraging open communication. During times of uncertainty, reliable data keeps traders grounded, helping them separate signals from noise and navigate volatility with clarity rather than fear.

Volatile markets test the strengths and weaknesses of both spot and perpetual futures trading. 

Cryptocurrency markets thrive on volatility, but surviving and profiting from volatility depends upon choosing the right tools. Spot trading offers direct asset ownership, simplicity and no liquidation risk, but it can be vulnerable to exchange-specific halts and price slippage during market turmoil. On the other hand, perpetual futures trading allows traders to profit in any market direction, benefit from leverage and avoid single-exchange manipulation through index-based pricing, but it also carries liquidation risks, complexity and funding rate costs. 

Regardless of your trading method of choice, risk management is crucial. Educate yourself and set 

 to minimize exposure. In addition, dive into Bybit’s 

 to sharpen your edge, and learn how to get started with 

Intermediate

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Spot vs. Perpetual Futures: Stay Ahead of the Curve in Volatile Markets

Ankr has been chosen to power TAC, a groundbreaking TON Network extension that brings full EVM compatibility to TON. 

The S&P 500 rose 0.36%, led by consumer staples, financials, and tech, as investors awaited the jobs report. Gold fell 0.38% to $2,852 amid rising yields and profit-taking before the jobs report but remains near YTD highs. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.81%, with Bitcoin and Ether dropping by 0.44% and 2.91%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is BERA, which surged nearly 3.0% following Berachain's mainnet launch and $632M BERA airdrop announcement.

Berachain (BERA), founded in 2021, is a Layer 1 blockchain with Proof-of-Liquidity consensus, ensuring security and liquidity while maintaining full Ethereum compatibility. Berachain launched its 

 on February 6, alongside a $632 million BERA airdrop to eligible users. Around 79 million BERA tokens were distributed, primarily to Bong Bears NFT holders. BERA serves as the network’s gas and staking token. Berachain uses a Proof-of-Liquidity consensus to enhance security and liquidity. Token allocations also include funds for community initiatives, ecosystem R&D, and institutional investors.

Check Out the Latest Prices, Charts, and Data of 

, a groundbreaking TON Network extension that brings full EVM compatibility to TON. TAC enables Ethereum developers to deploy seamlessly on TON while unlocking access to 100M active wallets and Telegram's 950M users. Built using the Cosmos SDK and Ethermint, TAC integrates Babylon’s Bitcoin staking protocol for enhanced security and decentralization. Assets like Teleport BTC (tgBTC), stTON, and tsTON will support restaking within TAC’s infrastructure. As the first blockchain leveraging Ankr’s Bitcoin Secured Infrastructure, TAC bridges Ethereum’s liquidity with TON’s scalability, advancing Web3 growth within Telegram’s ecosystem.

Yesterday, BTC Spot ETFs had $140.2M in outflows, with GBTC losing $42.2M and non-GBTC funds dropping $98.0M.

Kuroro Wilds, an Ethereum RPG on Ronin, launched a 

 campaign ahead of its KURO token launch. Players earn rewards by completing quests, social tasks, and referrals. The event offers 10M KURO and Treasure Eggs, running until mid-February. VIP pass holders get extra rewards, while top players can win additional prizes. KURO’s launch date is yet to be announced.

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Ankr Powers TAC to Bridge TON and Ethereum with Bitcoin-Secured Infrastructure for Enhanced Web3 Growth

Bybit Learn

DeFi

Explainers

Altcoins

De.Fi (DEFI) is a multichain protocol offering DeFi users a comprehensive set of security tools to help them invest confidently

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 (DeFi) has experienced monumental growth over the years with the industry-wide 

 (TVL) standing at over $91 billion by the close of 2024. Despite the head-spinning influx of funds into DeFi platforms, security concerns are running high.

Some DeFi users place their trust solely in the cryptographic security mechanism used by blockchains, assuming it to be nearly infallible. Yet, the DeFi space has witnessed the loss of billions due to 

 and exploits in recent years, a stark reminder that achieving comprehensive security on these platforms is far from an accomplished task.

Simply speaking, the pace of growth in the DeFi industry has far outstripped the security advancements made by its protocols. In an environment where hacks, 

 vulnerability exploits are rife, what’s sorely needed is an industry-wide solution to address these challenges. We might now have that fix in the form of De.Fi (DEFI), an innovative, decentralized multichain protocol committed to safeguarding traders’ funds within the crypto finance ecosystem.

De.Fi offers a suite of products designed to enhance the security of investing and transacting on DeFi protocols. In the words of the De.Fi project team, its aim is to become the “CoinMarketCap of Security.”

 (DEFI) is a multichain protocol offering DeFi users a comprehensive set of security tools to help them invest confidently

. These tools are crafted to aid in protecting investments, analyzing protocols and monitoring the landscape for any suspicious developments. Using De.Fi, traders can monitor network addresses and wallets, keep an eye on their borrowed or lent funds, explore safe yield opportunities and obtain insights into any vulnerabilities associated with 246 protocols across 33 blockchains covered by the platform.

De.Fi also includes tools for smart contract security analysis and audit. The platform maintains some of the largest security-related databases — both a database of smart contract audits, and a database of DeFi protocol hacks (also known as “rekts”).

The De.Fi platform features a generative AI-based tool that guides traders in making informed investment decisions, based on their personal preferences, that takes into account security considerations, investment risk levels and other critical factors.

As of mid-January 2025, De.Fi had integrated with over 33 blockchain networks with full EVM interoperability, such as 

Some of the popular Ethereum-based DeFi protocols covered by De.Fi

The De.Fi Portfolio Tracker, a key feature of the De.Fi platform, is a comprehensive super app to help users with all their DeFi needs. This feature is designed to address the complexities associated with DeFi, especially when it comes to managing assets.

Some of the features you’ll find on the De.Fi Portfolio Tracker are as follows:

Get a view of your entire digital assets at a glance, and quickly scan your holdings to see your crypto tokens and NFTs across multiple 

-compatible and non–EVM-compatible chains.

Because of the fragmented nature of DeFi products, you need to keep switching between platforms to access your assets. With the De.Fi Portfolio Tracker, however, you can access assets on multiple networks through one interface.

The De.Fi Portfolio Tracker allows you to create address bundles so you can group multiple wallet addresses into a single portfolio. This feature gives you a complete view of your investment portfolio, facilitating easier management of your assets, especially if you constantly transact across different platforms.

The Portfolio Tracker has also incorporated a Transaction Tracker, which monitors and records all transactions conducted through the platform across the various supported networks. Get a detailed history of your trades, staking history and contributions to liquidity pools.

De.Fi also features a Crypto Market Page, where you can find deep insights designed to help you analyze and track the DeFi market. Designed as an alternative to popular crypto tracking website CoinGecko, it allows you to stay updated with what’s happening in the crypto space.

The Crypto Market Page’s user-friendly interface accommodates the needs of both novice and advanced users. You can examine the performance of various cryptocurrencies, including most 

 tab, which provides you with security ratings of projects, including highlights about the potential security risks and protective measures of the highlighted asset.

 feature lets you discover yield opportunities across DeFi protocols integrated with the De.Fi platform. It’s designed to optimize your yields by providing you with a comprehensive platform to view and analyze potential returns.

The tool is rich with yield data of different protocols, which helps you make an informed decision when investing in 

. The data isn’t limited to EVM-compatible networks, and includes info on yield farming opportunities on networks such as 

. Explore Yields also includes a filter function that allows you to customize your search to include only your preferred protocol for a more streamlined experience.

De.Fi Shield is a solution designed to continually monitor smart contracts, tokens and NFTs that interact with your wallet. Many DeFi traders grant access to their wallets to numerous apps that manage funds on their behalf. De.Fi Shield promptly identifies potential vulnerabilities or risks within the smart contract code of these apps in order to forewarn you about possible hacks and security threats.

Contracts and NFTs deemed particularly risky by De.Fi Shield are categorized as "High Risk," warranting further attention on your part. You can then easily revoke permissions previously granted to such apps. Using the 

 functionality is certainly much more flexible and quicker than going through all the potentially vulnerable DeFi platforms you’ve interacted with, one by one, to turn off wallet permissions. Meanwhile, high-risk tokens can easily be exchanged for other tokens with a click of the 

The De.Fi smart contract scanner is a solution designed to analyze any smart contract across the blockchains that De.Fi interacts with. It provides traders, developers and app operators with comprehensive analytics and assessment of smart contract code.

The scanner identifies potential vulnerabilities, and assigns a score ranging from 0 –100 to indicate a given smart contract’s level of security. The entire scanning process takes just a few seconds, making the scanner a quick and efficient tool for assessing security risks in smart contract code.

The scanner is a powerful analytics tool for DeFi traders, providing the chance to identify lucrative opportunities while protecting against potential scams and vulnerabilities. Developers can also leverage it to validate their own code for security flaws, thereby ensuring a safer trading experience for users.

Additionally, the scanner can analyze some popular tokens in detail to learn more about a token's liquidity levels, ownership concentration and other vital data.

De.Fi's Audit Database contains information on smart contract audits conducted for numerous 

 (DApps) operating within the DeFi sphere. In the last couple of years, many DeFi platforms have adopted regular code audits to reassure traders and demonstrate transparency of operations. The Audit Database details these past audits, providing information on each project's key points — the audit date, any revision dates, the auditor company involved and more. In addition, it contains details of audits conducted by the De.Fi platform and by a number of other trusted audit providers, such as Quantstamp, PeckShield, Chainsulting, OpenZeppelin, Consensys, CertiK and more. 

TheRekt Database details all the occurrences of hacks, exit scams and other security events in the DeFi world recorded by the De.Fi platform. It’s one of the largest databases of DeFi security breaches or breach attempts available in the industry.

Unveiled in October 2023, De.Fi 2.0 represents a significant enhancement to the original platform. In addition to functional improvements to the base security tools, De.Fi 2.0 has introduced several new products and services:

The versatile generative AI assistant offers customizable forecasts and investment advice based on adjustable factors, such as the user's preferred risk levels, destination protocols' security status, historical vault performance and various other relevant metrics.

What Is De.Fi Chain and How Does It Work?

De.Fi Chain is a smart contract–enabled audit and verification platform. It’s designed to comprehensively analyze smart contracts that developers from various platforms submit for verification purposes. Through a decentralized network of Indexer nodes, De.Fi Chain thoroughly examines the submitted code, identifying errors and assessing their severity to provide comprehensive audit advice.

Following the audit process, the results are disseminated to participating blockchain networks, including Ethereum, Polygon, BNB Chain and other platforms integrated with the De.Fi protocol. This ensures that smart contracts across multiple blockchains undergo rigorous verification, enhancing the overall security and reliability within the De.Fi ecosystem.

The DEFI token is the De.Fi platform’s native cryptocurrency. It’s been deployed on two popular blockchains — Ethereum and BNB Chain. Key functions of the token include:

. Holding the DEFI token grants you access to the De.Fi platform’s products, such as the Audit and Rekt databases and the smart contract scanner.

Reward token holders with exclusive offers

. These include perks such as app discounts, exclusive access to chat with the De.Fi team and 

 staking opportunities at partner DeFi protocols.

. In order to query a smart contract code via the De.Fi Chain, you must pay in DEFI tokens. Also, you need to stake DEFI to become an indexer and create a verification node on the chain. Indexers are paid in DEFI for their verifications. Delegators can also stake DEFI to share a portion of the DEFI rewards with the indexers.

. DEFI holders are entitled to participate in votes concerning the protocol’s future direction, developments and changes to features.

 token, with a maximum and total supply of 1 billion. The token’s supply distribution shares are illustrated in the chart below.

 Spot trading pair. To celebrate this listing, Bybit is holding a Token Splash event with 

 up for grabs. For a chance to earn a share of the prize pool, you’ll first need to register with Bybit, then trade DEFI and accumulate a Spot trading volume of at least 500 USDT. The event runs through Jan 31, 2025, 11AM UTC.

DeFi protocols provide a great alternative to centralized financial institutions and the existing financial system. However, with more than $2.2 billion stolen from DeFi apps in 2024 alone, security concerns are becoming more prominent in the industry.

Few protocols in the past have adopted such a comprehensive approach to DeFi security as the De.Fi platform has done. Its suite of products will undoubtedly grow more relevant as the industry continues to develop, TVLs locked on DeFi protocols rise and the safety of user funds becomes increasingly essential.

The era of blindly trusting blockchains’ built-in cryptographic security setups is coming to an end as the trader community demands more sophisticated approaches to DeFi security. That’s why the De.Fi protocol looks to be a great candidate to assume leadership in this niche. The more hacks we hear about, the more attention this innovative platform will receive from traders, app operators and developers alike.

De.Fi (DEFI): Safeguarding Your DeFi Investments

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards