The second-largest cryptocurrency, Ethereum (ETH), regained popularity. One potential driver for ETH’s rebound is its appeal as a “deflationary asset.” This trend is on the back of growing on-chain activity, led primarily by DEXes, NFT platforms, and stablecoins. Due to a spike in on-chain activity on protocols such as Uniswap,
The week starts with a red note for the cryptocurrency market. Every asset listed in the crypto sphere is showing a red movement in its price as well as a market capitalization graph. Pioneers in the trade, Bitcoin (BTC) and Ethereum (ETH) are 2.45% and 1.86% down in the last
On Saturday, May 6, 2023, the total TVL across all DeFi platforms was $49.31 billion, with Lido Finance in the lead with a 24.82% stake, or $12.24 billion. Since last month, Lido’s TVL has increased by 9%, with a modest weekly growth of 2.42%. MakerDAO, Aave, Curve Finance, and Uniswap
After waiting for the Shanghai update, Ethereum stakers may now make withdrawals. Since the staking option was initially unveiled in December 2020, several people had been holding out in anticipation. The fact that Kraken’s U.S. staking clients seem to have been more or less drained from the system is perhaps
The crypto market is continuing to grow and evolve with the launch of new memecoins. In recent days, memecoins have shown massive bullish intent in the crypto market. So it will be challenging for investors to identify the most performing cryptocurrencies. In this article, we will discuss the key performing
The Ethereum Foundation dumped 15,000 ETH to a cryptocurrency exchange on Friday, one day after Ethereum developer Vitalik Buterin dropped 200 ETH. To cover overhead costs, the Ethereum Foundation sometimes sells a few Ether (ETH), and Vitalik Buterin often trades in the meme coins that accumulate in his wallet for
Binance Pay, the payment platform of Binance, has partnered with Yesim. This collaboration offers unlimited data rewards for using the Binance app. This move by Binance Pay is aimed at incentivizing users to use the Binance app for their everyday transactions. Yesim is a telecommunications company based in Turkey that
The Evening Standard is commemorating the Coronation with a unique opportunity for its readers to own free digital artwork. Famous artist Trevor Jones, whose paintings have sold for millions of dollars in the burgeoning NFT market, inspires this one-of-a-kind NFT. In contrast, Jones has made this work, named “The Oath,”
Ethereum (ETH) transaction fees have again hit highs since May 2022. A spike in transactions on the Ethereum blockchain also involving meme-based tokens such as Pepe (PEPE) and Wojak (WOJAK) has driven up traffic on the network, pushing the average fee rate to the highest in nearly one year while
The Ethereum roadmap remains extensive with several significant upgrades still in the pipeline. Over the next six months, Ethereum has planned upgrades to staking withdrawals, as well as various new applications that will enhance the blockchain’s security and provide a better user experience. With the implementation of Proto-Danksharding, a new
