Ethereum Watch

Bitcoin has done well for itself in 2020, making it the top mainstream investment of the year so far. But deeper in the crypto market, Bitcoin’s gains look meager next to even its next closest asset in line, Ethereum. Advertisements Ethereum and DeFi tokens outperformed Bitcoin easily this year so far, but that trend is […]

Key Takeaways Strong pullbacks in the price of governance tokens signal that the DeFi bubble has burst.  The annual percentage return (APR) on DeFi platforms has dropped significantly since September.  The total value locked (TVL) in DeFi has turned south, currently testing $10 billion as support.  Share this article Falling yields and demand for popular […]

Advertisements Ethereum liquidity will no longer have to go through FTX to reach Solana. Solana, the smart contract platform that recently entered the spotlight thanks to FTX’s Serum, announced the upcoming release of what it says is a decentralized bridge for Ethereum ERC-20 tokens. Called Wormhole, the bridge would allow users to transfer value between […]

Advertisements Quick take: Popular DeFi tokens such as YFI, COMP, SUSHI and CRV are down by over 60% since their all-time high values DeFi tokens continue to correct due to the current crypto market environment The overall market cap of DeFi related digital assets has dropped by 25% in the last 24 hours Trading volume […]

Advertisements DeFi-tokens corrected heavily over the past 30-days but on-chain data suggest Ether is in the early stages of a bullish reversal. While Ether (ETH) price has been stuck between the $340-$350 range for the last month, multiple on-chain metrics suggest that a recovery may be building. Santiment, a cryptocurrency data analytics firm, recently noted […]

Ethereum has been holding up well compared to the rest of the DeFi space, but the recent news that the second-round of stimulus checked proposed by the House was rejected by Trump has changed that. Advertisements The top-ranked altcoin just took 3% off its value in a matter of thirty minutes or less following the […]

Advertisements Quick take: Ethereum’s mean hash rate has hit a new all-time high of 250 Terahash per second Ethereum’s hash rate has grown by 80% since the beginning of the year This is as a result of increased interest in DeFi MetaMask also hit a new milestone of 1 Million monthly active users thanks to […]

Advertisements Interoperable DeFi platforms can help with Ethereum’s high transaction fees. The team behind RSK, a smart-contract-enabled sidechain extension for Bitcoin, announced Tuesday that Maker’s Dai stablecoin is now available on the platform. The integration makes it possible to transfer Dai from Ethereum to the RSK sidechain, which makes it available for use in its […]

Key Takeaways Their are five pillars making up the Flamingo Finance ecosystem: Wrapper, Swap, Vault, Perp, and DAO. Despite how lucrative its Mint Rush event was, the protocol quickly faltered under the duress of heavy traffic. The rocky start for the Chinese DeFi protocol has kept Flamingo from major adoption, but it’s still early days. […]

XRP continues to lag behind the rest of the crypto market, including Bitcoin and Ethereum. It has resulted in the altcoin losing the third-ranked spot to the stablecoin Tether. Advertisements But all that’s soon going to change, according to one crypto analyst, who says Ripple will soon leave the rest of the crypto market sidelined […]