Category: ETH
-
Yearn Finance Vault Users Lock $139M: Farmers Claim Collateralized ETH Gathers 90% APY
On September 3, 2020, the well known Yearn Finance defi project “paused” the popular ethereum liquidity vault (yETH) service, after locking in a significant $139 million. Yearn’s vault feature launched on Wednesday, and saw $100 million deposited on the first day. The vault hype has also caused the Maker DAO project to make a governance…
-
Defi Platform Uniswap Outpaces Coinbase Pro in Global Trade Volume
The decentralized exchange (dex) Uniswap has seen a massive amount of trade volume during the last seven days. Following Uniswap’s rapid increase in global trade volumes, the platform’s founder Hayden Adams celebrated the dex outpacing the centralized exchange Coinbase’s volumes this past weekend. News.Bitcoin.com recently reported on the decentralized finance (defi) economy’s total value locked…
-
Total Value Locked in Defi Jumped 85% in August, $8 Billion in Assets Held
A lot has changed during the last month, as the popular decentralized finance (defi) ecosystem has swelled considerably in value. Since the first week of August, the total value locked in defi jumped over 85% in 27 days from $4.2 billion to $7.88 billion on August 30. The total value locked (TVL) in the decentralized…
-
DEC777 Decentralized Exchange – The Last Resort for the People Who Lost Trust in Centralized Exchange
Why do we have to store our digital assets with hesitation? We’ve lost trust in many scam exchanges such as Wex, BITPoint…Maybe this is the right time to look for an exchange that doesn’t need us to deposit to trade. DEC77 is an outstanding decentralized exchange built on Ethereum’s ERC777 platform. Using 0x protocol all…
-
Monarch Wallet’s $50,000 HEX Token Giveaway Has Concluded!
Monarch Wallet’s $50,000 HEX Token Giveaway Has Concluded! Monarch’s $50,000 giveaway of HEX tokens has concluded and HEX aims to distribute the tokens to all participants by the end of the third week of September. Over a quarter-million people participated in just two weeks from the initial announcement of the giveaway. Reno, Nev. – Aug…
-
Grayscale’s Litecoin and Bitcoin Cash Trusts Trade for Tremendous Premiums
This week data from Arcane Research shows there’s been massive demand for Grayscale’s recently launched publicly traded crypto trusts. Following the trusts getting DTC eligibility last monday LTCN (litecoin) shares have been selling for a 753% premium while BCHG (bitcoin cash) shares have sold for a 351% premium. Grayscale Investments’ Litecoin Trust (LTCN) and Bitcoin…
-
Analyst: Chainlink Is Another Altcoin Bubble as Price Crashes 20% in 48 Hours
Chainlink is a bubble that is waiting to burst, and the token will eventually lose 99% of its value, according to crypto investor and analyst ‘Cryptowhale’. The warning comes as the price of Link tumbled 23% to $15.41 in 48 hours. Cryptowhale this week told his 28,000 Twitter followers that there are parallels with what…
-
Onchain Data Shows $449M Worth of Bitcoin on ETH Eclipses Offchain Competitors
Onchain analytics show the number of bitcoin (BTC) held on the Ethereum blockchain has been multiplying at an extremely fast rate since the end of May. On Sunday, August 16 there’s approximately 38,021 BTC on Ethereum or roughly $449 million stored in synthetic bitcoin protocols like Wbtc, Renbtc, Sbtc, and more. During the last two…
-
Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week
Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading growth has spiked over 68% this week alone and during the last seven days, $2.4 billion…
-
Defi Implosion: YAM Token Market Cap Plummets to Near Zero After Founder Claims He ‘Failed’
Yield farmers excited about the recent decentralized finance (defi) project, Yam Finance, got a rude awakening after the token’s value plummeted in value to near zero. Yam Finance developers discovered a major flaw in the rebasing contract and at 4 a.m. ET, cofounder Brock Elmore tweeted that he was sorry he “failed.” On Wednesday, well…