Crypto News Ethereum

Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

value-locked-in-defi-drops-to-lows-not-seen-since-march,-ethereum-dominates-tvl-by-57%

The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today is Makerdao, leading More

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Blockchain Crypto News Ethereum Mining

The PoW Dominance Purge — Only 6 Crypto Assets out of the Top 50 Market Caps Use Proof-of-Work

the-pow-dominance-purge-—-only-6-crypto-assets-out-of-the-top-50-market-caps-use-proof-of-work

At the time of writing, only one coin in the top ten crypto assets by market capitalization is a proof-of-work (PoW) token and out of the top 20, there are only three tokens that leverage a PoW consensus mechanism. Moreover, out of 50 of the largest crypto coins by valuation, only six use PoW and More

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Crypto News Ethereum

Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

value-locked-in-defi-loses-$57-billion-in-5-days,-smart-contract-tokens-shed-7.8%-in-24-hours

The total value locked (TVL) in decentralized finance (defi) has slid 8.53% over the last five days since August 14, 2022. At the time, the TVL was $67.87 billion but today, the value locked in defi is approximately $62.08 billion. Moreover, the top smart contract platform tokens by market valuation today are worth $372 billion More

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Altcoins

Will Uniswap and Optimism’s Massive Crypto Rallies Continue? Santiment Analyzes Top Ethereum Altcoins

Analytics platform Santiment is looking at two crypto assets recording triple-digit percent increases over a relatively short period of time. Starting with decentralized finance (DeFi) platform UniSwap (UNI), Santiment says that the crypto asset has appreciated by over 150% over a period of nearly two months. “Uniswap has been on quite the tear in the […]

The post Will Uniswap and Optimism’s Massive Crypto Rallies Continue? Santiment Analyzes Top Ethereum Altcoins appeared first on The Daily Hodl.

Crypto News Ethereum

Value Locked in Defi Stalls Before Reaching the $100 Billion Mark, Cross-Chain Bridge Statistics Crater

value-locked-in-defi-stalls-before-reaching-the-$100-billion-mark,-cross-chain-bridge-statistics-crater

During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past 24 hours. Value Locked More

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Altcoins Analysis Bitcoin Blockchain

Vauld Gets Three Month Moratorium From Singapore Court – Here’s What It Means For Creditors

Embattled Crypto Lender Vauld To Be Acquired By Rival Nexo

Troubled Vauld obtained a three-month moratorium for the courts in Singapore as it hoped to put its house in order. The exchange’s 147,000 creditors are now barred from taking legal action against the company for the duration of the moratorium. Several distressed crypto companies are filing for bankruptcy in the wake of a chaotic couple […]

Altcoins Blockchain

Cardano (ADA) Showing ‘Surge Signs’ As Vital Metric Flashes Green: Analytics Firm Santiment

Crypto analytics firm Santiment says that the average funding rate of Cardano (ADA) is flashing a bullish signal. According to Santiment, a high funding rate is associated with higher risks of correction, whereas ADA currently has the opposite. “Cardano’s price is back over $0.50, and up +25% the past ten days. Exchange funding rates are […]

The post Cardano (ADA) Showing ‘Surge Signs’ As Vital Metric Flashes Green: Analytics Firm Santiment appeared first on The Daily Hodl.

Crypto News Ethereum

Defi TVL and Smart Contract Platform Tokens Swell in Value With ETH, ETC Leading the Pack

defi-tvl-and-smart-contract-platform-tokens-swell-in-value-with-eth,-etc-leading-the-pack

The top smart contract platform tokens by market capitalization and the total value locked (TVL) in decentralized finance (defi) have swelled significantly in value during the last few days. Since the value locked in defi reached a 2022 low of $70 billion on June 19, the defi ecosystem’s entire TVL has grown by more than More

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