Ethereum Watch

Advertisements Quick take: In the month of August, Transaction volume on the Ethereum network exceeded $24B The high network activity was driven by DeFi and DEXs on the Ethereum Network Ethereum transaction volume exceeded other smart contract platforms such as EOS and Tron The team at DAppRadar has released their August 2020 Dapp ecosystem report. […]

Key Takeaways Decentralized protocol UMA has announced the launch of the Yield Dollar on renBTC, a coin representing Bitcoin on the Ethereum network. The launch will enable users to mint renBTC and lock it into UMA to use as collateral to mint uUSD. Users will also be able to farm by staking uUSD into Balancer […]

Ethereum and the entire crypto market have been battered by Bitcoin’s weakness, with the benchmark cryptocurrency’s decline creating headwinds that have caused most digital assets to post serious losses. Advertisements Some believe that this recent downtrend has marked an end to the bull run that many digital assets have been seeing as of late, with […]

Key Takeaways Vibrant communities are the essence of a crypto network as they aid organic growth and marketing. Bitcoin versus Bitcoin Cash is the prime example of how crypto markets view unoriginal forks that change a few small features. DeFi forks that do build communities still have to compete with the original protocol on the […]

Key Takeaways SushiSwap is a Uniswap copycat built with the idea of stripping power from VCs and returning it to the community. The creator, Chef Nomi, sold the project’s development fund (10% of supply) and transferred control to FTX’s Sam Bankman-Fried. Many people are working to revive SushiSwap, but the project’s reputation is tarnished forever. […]

Ethereum has faced a strong correction over the past few days that easily overshadows Bitcoin’s move. From the local highs near $490 to the local lows, the cryptocurrency fell by over 35%, shocking most investors as they were bullish just days before. Advertisements ETH has already bounced since falling as low as $315, undergoing a […]

Advertisements A better solution might come up before it even exists. High gas fees for transactions on the Ethereum blockchain are at record highs amid the decentralized finance hype that has attracted many new users to get on board on the Ethereum network. DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph […]

Advertisements Quick take: The total value locked in DeFi has dropped by 22% from its peak of $9.512 Billion The drop coincides with the recent crypto market sell-off that hit DeFi tokens hardest Additionally, the SushiSwap debacle might have accelerated an exodus of investors from DeFi The total value locked in DeFi platforms has taken […]

Advertisements Quick take: The founder of Sushi Swap, Chef Nomi, sold all his SUSHI in what many believe was an exit strategy Chef Nomi has been compared to Charlie Lee of Litecoin (LTC) Despite the heavy backlash, Chef Nomi has maintained he did it for the community He has since transferred admin rights of SushiSwap […]

Ethereum has severely underperformed Bitcoin over recent days as bears have returned to the crypto market. The leading cryptocurrency has collapsed by 17% in the past 24 hours alone, falling below pivotal support levels. Advertisements ETH trades at $325 as of this article’s writing, far below the local highs around $490. $325, in fact, is […]