TVL

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Real World Assets In DeFi Reach $3.89 Billion TVL, Marking Major Milestone

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As of July 2024, the Total Value Locked (TVL) for Real World Assets (RWA) in DeFi protocols has surged to an impressive $3.89 billion. This milestone underscores the growing integration of tangible assets into the DeFi ecosystem, effectively bridging the gap between traditional finance and decentralized finance. The market capitalization of all Real World Asset … Read more

Ethena Protocol Surges In Stablecoin Supply And User Adoption

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The Ethena protocol has experienced impressive growth in 2024, particularly in the supply of its stablecoin, USDe. Beginning the year with a supply of 1.3 billion, USDe’s supply has surged to 3.5 billion by July. This remarkable increase highlights the protocol’s promise of high returns to its users. The rise in active addresses for USDe, … Read more

Scroll TVL Reaches $1 Billion As Market Sentiment Turns Bullish

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Scroll, a prominent Ethereum Layer 2 network, has achieved a significant milestone by reaching $1 billion in total value locked (TVL). According to L2Beat, Scroll’s TVL surged by 21.9% over the past week, bringing it to $1.01 billion. This impressive growth makes Scroll the eighth Ethereum Layer 2 network to surpass the $1 billion TVL … Read more

$GMX Dominates Derivative Protocols With $517.97M TVL, Launches Incentive Campaign On Avalanche

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As of July 1, 2024, data from @IntotheBlock reveals that $GMX is leading the Total Value Locked (TVL) category among derivative protocols with an impressive $517.97 million. Following $GMX, Synthetix holds $453.80 million, and dYdX comes in third with $308.82 million in TVL. Emerging protocols are also showing significant growth. Vertex Protocol boasts a TVL … Read more

SUI Launches Global Hackathon As TVL Surpasses $1 Billion

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SUI has kicked off its first-ever global Hackathon, a move that’s poised to positively impact both its price and the projects within its ecosystem. Historically, blockchain incentives like these tend to boost market sentiment and project development, and SUI appears to be following this trend. #SUI has launched their first Hackathon, globally! Every time a … Read more