Ethereum’s lackluster performance has little to do with spot ETH ETF approval
Ether’s price performance is hindered by stagnant network use, high fees and regulatory uncertainty. Go to Source
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Top Defi Tokens See Double-Digit Gains as Ethereum Soars
Amid ethereum’s value increase, the decentralized finance (defi) ecosystem has significantly benefited from ether’s double-digit growth. Leading defi tokens by market capitalization rose by 14.8% over the past day, and the total value locked (TVL) in defi exceeded $100 billion in the last 24 hours. Defi Protocols and Tokens Benefit From Ethereum’s Meteoric Rise The … Read more
Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days
Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100 billion mark, the value locked in defi is approaching that milestone after hovering just below it. … Read more
RWA protocols are closing in on $8B total value locked: Messari
The TVL across real-world asset tokenization protocols has surged almost 60% since February, says blockchain analytics firm Messari. Go to Source
Fear of Impermanent Loss: Though ‘Overstated,’ It Has Impacted Participation in Liquidity Pools, Says Mehdi Lebbar
Although decentralized finance (defi) continues to evolve, it is being perceived as the domain of a select few, Mehdi Lebbar, the co-founder of the investment platform Exponential, says. However, he argues that defi protocols can alter this perception by emphasizing user education. Lebbar contends that regular educational newsletters, explainer videos, and social media posts can … Read more
Benqi’s $QI Token Hits New Highs Amidst Bullish Momentum
Amidst a mixed day for cryptocurrencies, $QI (BENQI) has emerged as a standout performer, marking new post-breakout highs and showcasing a remarkable 12% gain. This surge in price brings $QI closer to its target of $0.24365, with a substantial upside potential of over 612%. One key factor driving the positive sentiment surrounding $QI is the … Read more
Defi’s Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022
Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a dominant position … Read more
SSV.Network Achieves Milestone With Permissionless Mainnet Launch, $SSV Token Surges
In a significant development, the SSV.Network has launched its permissionless mainnet, marking a crucial step forward for the decentralized staking network. The SSV.Network distinguishes itself by leveraging Distributed Validator Technology (#DVT), a decentralized and open-source staking model. DVT ensures an additional layer of security and resilience by distributing the operations of a single Ethereum validator … Read more
Ethereum price rallies toward key resistance but is ETH’s strength sustainable?
Ethereum’s price rally toward $2,100 is driven by new developments in the layer-2 space and investors’ anticipation of a spot BTC ETF. Go to Source
Layer 2 networks hit $13B TVL, but challenges still remain
Data from L2Beat shows that layer 2s are seeing greater adoption than ever before as users continue to desire lower gas fees. Go to Source
