Ethereum Watch

Advertisements Quick take: The total value locked in DeFi protocols has just hit a new all-time high of $34.2 Billion This is partly due to Bitcoin, Ethereum and several Defi tokens such as Uniswap, gaining value this week According to the team at Weiss Ratings, the potential for growth in DeFi is enormous The DeFi […]

Ethereum started a downside correction from a new all-time high at $1,697 against the US Dollar. ETH price is holding gains above $1,600 and it could start a fresh increase. Advertisements Ethereum started a downside correction below the $1,650 and $1,620 levels. The price is still trading well above $1,600 and the 100 hourly simple […]

Advertisements Quick take: Ethereum daily transaction fees just hit an all-time high of $22 million This exceeds Bitcoin’s record of $21.4 million for daily fees Ethereum has also hit an all-time high of $1,695 – Binance rate Grayscale has accumulated 47k ETH in the last 24 hours and 70,791 ETH since it opened subscriptions this […]

Ethereum achieved a new milestone this Thursday as its price almost touched $1,700 for the first time in history. Advertisements The ETH/USD exchange rate hit $1,699 on the Coinbase exchange after rallying 29.79 percent this week. Traders flocked into the Ethereum market in the wake of its futures contracts’ launch on the Chicago Mercantile Exchange […]

Advertisements With Ethereum’s fees rocketing to new highs amid Ether’s rally into new price highs, the fees associated with using some complex DeFi protocols has increased above $1,000. Ethereum’s gas fees are again spiking to record highs, rendering many decentralized finance protocols unusable for casual investors. After increasing roughly 20% in the last 24 hours, […]

Advertisements Developers are switching their efforts to DeFi as it takes a larger slice of the crypto market. Software engineers and developers are slowly switching their attention from layer-one blockchains once dubbed ‘Ethereum killers’ to the ever-increasing number of new decentralized finance protocols. A February Blockchain Development Trends report by venture capital firm Outlier Ventures […]

Key Takeaways Opyn has raised $6.7 million in a funding round led by Paradigm. Kain Warwick and Stani Kulechov also backed the DeFi project. The options protocol received $2.16 million in a seed round led by Dragonfly Capital last year. The team is working on reducing margin requirements, expanding options, and developing an AMM. The […]

Advertisements Summary: Grayscale has added 24,796 ETH to its Ethereum Trust This translates to roughly $38 million in Ethereum Grayscale currently manages $27.5 Billion in digital assets The bullishness surrounding Ethereum has led to ETH futures open interest hitting an all-time high of$5.4B Yesterday, the Wall Street firm of Grayscale Investments purchased 24,796 ETH to […]

Cryptocurrencies rallied Wednesday, led by gains in the Bitcoin and the Ethereum markets as traders pinned hopes on additional stimulus packages in the United States. Advertisements The cost to purchase one Bitcoin shot past $36,000 while Ethereum’s native token Ether notched a new record high at $1,574. Other large-cap tokens, including Polkadot’s DOT, Litecoin’s LTC, […]

Key Takeaways Synthetix is preparing for its Bellatrix release. Synthetic tokens for Aave, Uniswap, Yearn.Finance, Polkadot, REN and Compound will be available in the protocol from Thursday. Bellatrix will include two further updates, pending community approval. The DeFi news category was brought to you by Ampleforth, our preferred DeFi partner Advertisements Share this article DeFi’s […]