Ethereum Watch

Crypto collateral on the Curve Finance DeFi platform has spiked to almost a billion dollars propelling it up the total value locked list to third place. The influx of capital came after a rather perplexing deployment of its governance token and DAO on Thursday. Advertisements Last week it was Yam—but now it’s Curve Finance’s taking […]

When analysts try and gauge the success of Ethereum’s decentralized finance projects, they often look to the “total value locked” metric. Advertisements Just today, the metric, up around 1,000% since the start of 2020, surpassed $6 billion for the first time ever. Many Ethereum bulls hailed the achievement of this milestone as a testament to […]

Advertisements Ethereum price has stalled below $440 but ETH options and futures data suggest that $500 is closer than it might seem. Open interest on Ether (ETH) futures grew by 250% over the past three months to reach $1.7 billion. This incredible build up occurred as the cryptocurrency broke the $400 resistance to reach its […]

Decentralized finance projects keep gathering momentum. Many are attributing the current bull market to the boom in popularity of these protocols. From high-interest earnings to yield farming, we may be witnessing how DeFi takes over crypto. Advertisements Just two weeks ago, total value locked (TVL) on all DeFi protocols combined reached $4 billion. Today, that […]

Advertisements Ethereum network use and transaction fees are rising to record highs, will this interfere with DeFi’s current expansion? The number of Ethereum network transactions more than doubled in 2020 and is now virtually identical to the January 2018 all-time high.  As shown on the chart below, the number of transactions doubled in the past […]

Key Takeaways Manic yield farming events and sky high token valuations make identifying top DeFi projects difficult. Crypto Briefing has created a framework that draws on governance and token distribution to measure which protocols are the most decentralized. The critical obstacles facing most projects is that of token concentration and attracting token holders to participate […]

Another week, another round of Crypto Tidbits. Advertisements It’s been another volatile week for the Bitcoin market. In the past seven days, the leading cryptocurrency has traded at both $11,100 and $12,000, whipsawing between the levels as the price enters a consolidation. Ethereum, on the other hand, has been surging higher; ETH now trades for $440 […]

Ethereum has a transaction fee problem, similar to the one it and Bitcoin faced in 2017 and early 2018. Advertisements On August 12th, the cost of Ethereum “gas,” how transaction fees are calculated, hit 277 Gwei. By this writer’s estimates, that means that sending ETH was $2.25, sending ERC-20 was around $5, and trading on […]

Advertisements Ethereum price surged to a two-year high at $445 and record open interest on ETH futures hints that the rally will continue. Today the price of Ethereum’s Ether (ETH) hit a two-year high according to data from crypto trading terminal Crryptowatch. Despite the breakout to $445, open interest on ETH futures remains steady at […]

Key Takeaways While DeFi has sound long term prospects, it’s currently driven by speculation The number of DeFi users is quickly growing, but it’s still tiny and composed mostly of whales and risk-taking speculators Roadblocks like Ethereum’s limited transactions per second obstruct DeFi’s mass adoption Share this article The DeFi craze is full-steam ahead: the […]