Ethereum Watch

Advertisements Quick take: The amount of ETH and BTC locked in DeFi currently stands at $4.78 Billion This amount represents 43% of the total value locked in DeFi The number of ETH locked in DeFi has increased by 194% in 2020 The number of BTC locked in DeFi has increased by 10,000% The hype surrounding […]

Advertisements Quick take: Grayscale currently manages a total of $6.3 Billion in digital assets Its Ethereum trust is worth $869.7 Million This figure is approximately 2% of Ethereum’s market cap indicating Grayscale holds a similar percentage of ETH’s circulating supply The team at Weiss Ratings predicts an 18% spike in Ethereum’s value once ETH2.0 is […]

The third quarter of 2020 has seen the strong resurgence of decentralized finance (DeFi) on Ethereum. With it, the demand for decentralized exchanges (DEXes) surged, causing Uniswap to briefly overtake Coinbase Pro at one point. Advertisements Heading into 2021, Ethereum and decentralized exchanges would likely perform even better, quant trader Qiao Wang said. Two Reasons […]

Advertisements Quick take: Tradingview has added charts for trading pairs on the Uniswap protocol Typing ‘UNISWAP:’ into the Tradingview search box populates the top 100 symbols by Liquidity Uniswap continues to dominate the Decentralized Exchange industry Traders and investors using the UniSwap Protocol can now chart their favorite trading pairs on TradingView. Users of TradingView […]

Unlike Bitcoin that has yet to set a higher high in 2020 over the previous year’s peak, Ethereum’s higher high is a very important sign that a new uptrend is brewing in the crypto market. Advertisements In fact, a crypto analyst has superimposed the well-known “psychology of a market cycle” chart over ETHUSD price action […]

Advertisements Summary: The number of unique Ethereum daily addresses interacting with the ETH network has continued to decline since July The decline has accelerated since mid-September Back in August, Crypto analyst Timothy Peterson had predicted that Ethereum’s network activity was in a decline and could lead to ETH losing half its value The number of […]

Advertisements Summary: Ethereum continues to dominate the DeFi ecosystem In Q3 2020, Ethereum held 96% of DeFi’s total transaction volume Dapps that account for the majority of the total transaction volume were Uniswap, MarkerDay and Curve The team at DappRadar has released Q3’s Decentralized Finance Report in which they analyze Dapp activity on the several […]

Advertisements In summary: The top 5 NFT marketplaces on Ethereum have surpassed a 24-hour trade volume of $1 Million Such a high trade volume was usually reached after a week of NFT trading NFTs (Non-Fungible Tokens) are gaining popularity in an era of digital ownership As Bitcoin and Ethereum continue on their bullish climb towards […]

Ethereum has undergone a strong surge in the past 24 hours as buyers have stepped back into the crypto market. In the past day alone, ETH has gained 5%, as it currently trades at $368. For context, Bitcoin is only up around 1.5%. Advertisements The buying was seemingly triggered by the ending of a seeming […]

Advertisements Quick take: The team at Bloomberg has predicted that Ethereum could lose the number 2 spot to Tether (USDT) by next year Increasing demand and adoption of stablecoins is the major force behind Tether’s rise Stablecoins are a precursor of CBDCs and will most likely be more enduring than altcoins Ethereum has had a […]