Last week in Decentralized Finance (DeFi)The ecosystem witnessed many developments including the resurrection of the 2.0 Blockchain. Meanwhile, Binance’s incubation platform Binance Labs launched a $500 million fund to support and promote Web3 adoption.

Singapore’s central bank partnered with JP Morgan to explore DeFi applications in wholesale funding markets by establishing tokenized bonds. KuCoin has launched its decentralized wallet, which includes DeFi token and support for nonfungible tokens.