Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024

When compared to the previous quarter, the total value locked (TVL) in decentralised finance (DeFi) approximately doubled during the first quarter of 2024, indicating that DeFi has witnessed tremendous growth from the previous quarter. It is possible to ascribe, at least in part, this spike to Ethereum’s liquid restaking activities, which have been the driving … Continue reading Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024

China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?

China has appeared to be hostile territory for cryptocurrency since it officially shuttered all crypto exchanges in the country in 2017. But if that is the case, why did Chinese state media run a segment promoting cryptos, Ethereum and DeFi over the weekend? Since China’s cryptocurrency exchange ban, which was announced in September 2017, and … Continue reading China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?

Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards

The Uniswap community has set a community meeting to discuss the network’s liquidity mining rewards program, as it is about to end in a week. Uniswap, the biggest decentralized exchange (DEX), with over $3 billion in total value locked (TVL), and a 23 percent dominance in DeFi is setting an unofficial community call on Nov. … Continue reading Uniswap Reaches $3 Billion in TVL, Anticipates Community Call to Deliberate Liquidity Mining Rewards

SushiSwap Reaches Over $1 Billion in TVL as Uniswap Sees Massive Plummet After Rewards Ended

SushiSwap’s token SUSHI made a huge rebound this week, surging by nearly 90 percent in one week. The SushiSwap token is now trading at $1.30, up by over 8 percent in the past 24 hours. The massive rally in SUSHI’s price could be attributed to SushiSwap’s new incentive scheme, which was previously introduced by Uniswap.  … Continue reading SushiSwap Reaches Over $1 Billion in TVL as Uniswap Sees Massive Plummet After Rewards Ended

Total Bitcoin Locked in DeFi Spikes as Overall TVL Continues to Decline

The decentralized finance market has continued to experience a free fall as the broader cryptocurrency industry continues its bearish cycle. According to decentralized finance market analytics platform, DeFiPulse, the Total Value Locked (TVL) on smart contracts and other DeFi related DApps, has plunged to its current value at $53.86 billion from its all-time high (ATH) of $86.208 … Continue reading Total Bitcoin Locked in DeFi Spikes as Overall TVL Continues to Decline

DeFi TVL Remains Flat as Crypto Market Shrugs Off Another Bearish Weekend

The anticipation of market bulls for a probable bullish run in the general cryptocurrency ecosystem is waning in the short term. In line with the turbulent markets, the Total Value Locked (TVL) in Decentralized Finance (DeFi) ecosystem has fallen off a cliff since it attained its peak of over $88 billion back in May. However, current trends … Continue reading DeFi TVL Remains Flat as Crypto Market Shrugs Off Another Bearish Weekend

DeFi Trails Broader Market Uptrend to Hit New TVL at $223 Billion

The Total Value Locked (TVL) in decentralized finance (DeFi) protocols have crossed the biggest range in history. It is trading at its highest value of $223 billion, according to data from DeFiLlama. The current uptick in DeFi’s TVL is marked as an encompassing growth in the broader digital currency industry, whose market cap now sits at … Continue reading DeFi Trails Broader Market Uptrend to Hit New TVL at $223 Billion

Samsung Inks Deal with Nifty Gateway, Allowing Trading NFTs with Smart TVs

For more innovations, South Korean electronics giant Samsung has teamed up with Nifty Gateway to develop a new line of smart TVs to enable non-fungible tokens (NFTs) to be bought, sold, and held.  Nifty Gateway, a leading marketplace for NFTs owned by Gemini crypto exchange, will join Samsung’s NFT platform on its 2022 Neo QLED … Continue reading Samsung Inks Deal with Nifty Gateway, Allowing Trading NFTs with Smart TVs

DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump

The Total Value Locked (TVL) in Decentralized Finance (DeFi) platforms has slumped below $200 billion, down from the $230 billion towards the end of April.  While the hit of the DeFi ecosystem has been facing models a related trend in the broader digital currency ecosystem, the DeFi slump notably lends more insight as a gauge … Continue reading DeFi TVL Drops below $200Bn, Reflecting General Bearish Market Slump

Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn

With a broad-based caution being exercised by investors regarding risk assets, there have been a massive outflow of funds from Decentralized Finance (DeFi) protocols as many investors anticipate calm to re-engulf the ecosystem. The DeFi world is not spared from the current onslaught in the cryptocurrency space, which has fueled the combined market cap by dropping … Continue reading Crypto Market Onslaught Stretches to DeFi as TVL Slumps to $114bn

Exit mobile version