Ethereum Watch

Advertisements Quick take: The DeFi boom has led to high ETH fees on the Ethereum network.  The team at CoinMetrics has concluded retail users are being locked out of DeFi by these high ETH fees. Whales are one category of investors who are comfortable with parting with high Ethereum fees.  The discussion regarding high Ethereum […]

Ethereum failed to clear the $445 resistance and declined below $420 against the US Dollar. ETH price is now approaching a major support zone near the $400 handle. Advertisements Ethereum is down over 5% and it broke the $425 and $420 support levels. The price even settled below the $420 level and the 100 hourly […]

Advertisements Here is how Neutrino USD staking on Ethereum works. The Neutrino protocol, a price-stable multi-asset protocol running on major blockchain platform Waves, is introducing the Neutrino dollar (USDN) on Ethereum. The Neutrino dollar, an algorithmic stablecoin collateralized by the Waves (WAVES) native token, is now available for all Ethereum users as the token has […]

Key Takeaways Total value locked is a measure of collateral deposited in a smart contract. Compound has higher supply and loan originations than Aave, but total value locked gives Aave a better ranking. In a few cases, like that of asset aggregators, total value locked is a direct measure of value capture. One potential solution […]

Advertisements Demand for Wrapped BTC has surged as Bitcoin investors seek a private method to gain exposure to DeFi and lend farming. Demand for the Wrapped Bitcoin (wBTC) has been growing tremendously in the last few weeks, with more than 23,100 wBTC ($274 million) currently in circulation. According to data from FlipsideCrypto, a digital asset […]

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Advertisements Vitalik Buterin says it’s likely that some Ethereum applications may fail, while others succeed — but he accepts it as integral to how the project as a whole will move forward. Ethereum co-founder Vitalik Buterin said he would “freely admit” that Ethereum 2.0 is “much harder” to implement from a technical perspective than he had […]

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 […]