Ethereum Watch

Uniswap may have a solid competitor which has the backing of Lido Finance Although UNI active addresses are around the same zone, development activity is at its peak Uniswap’s [UNI] status as the top Automated Market Maker (AMM) could be at risk after a certain Maverick protocol announced a partnership with Lido Finance [LDO]. Like […]

Ongoing voting showed that the Lido community would most likely support the Ethereum Shanghai Upgrade. The protocol’s TVL growth has evidently surpassed others. The call by Lido Finance [LDO] on its community to approve withdrawals on its Staking Router might have yielded the much-needed fruits. Advertisements According to the snapshot of voting, 100% of the […]

Mining activity on EthereumPoW is at an all-time low. DeFi activity on the chain is also almost non-existent. The hashrate of EthereumPoW’s [ETHW] network has hit an all-time low due to a continuous decrease in mining activity, data from 2Miners.com revealed. Advertisements As of this writing, the network’s hashrate stood at 14.82 TH/s, having fallen […]

Blockchain insight firm mentioned that L1 and L2 bridges could be risky for ETH. The wallets provided by Optimism and Arbitrum may not be as safe as intended. The Ethereum [ETH] blockchain, as big as it is, suffers from the challenges of scalability, efficiency, and finalizing transactions. Advertisements However, the advent of Layer-one (L1) and […]

MATIC price is making investors smile and beam with confidence as it moves north. There is currently a massive demand to jack up the price of the crypto further up, as explained by veteran crypto analyst, Ali Martinez. Advertisements Here’s a quick glance of the coin’s performance: MATIC price is down by 1.8% Polygon sees […]

Key Takeaways Sberbank is set to launch an Ethereum-compatible DeFi platform. Launch will happen on multiple steps, with commercial transactions enabled by the end of April. Sberbank is the largest bank in Russia and the third largest in Europe. Share this article URL Copied Advertisements Russia’s various financial institutions and banking entities don’t always see […]

Due to the fall in prices of some native coins, Lido’s TVL declined in the last week. The buying pressure for LDO has declined significantly, and a price drawback might be on the horizon. Lido Finance [LDO], a prominent liquid staking protocol, experienced a drop in its Total Value Locked (TVL) in the past week […]

Aave V3 is now live on the Ethereum mainnet. With this upgrade, WBTC, WETH, wstETH, USDC, DAI, LINK, and AAVE are the only supported assets.  Advertisements Aave V3 Improves Capital Efficiency Stani Kulechov, the co-founder of Aave, said V3’s flexible design introduces new ways of mitigating risks, reducing gas costs, and improving capital efficiency, all while […]

Advertisements Decentralized finance (DeFi) is a financial system built on top of blockchain technology that allows for financial services without traditional intermediaries DeFi is open, transparent, and secure, and offers greater financial inclusion and potentially more efficient and cost-effective services Potential drawbacks include complexity, lack of regulation, risk of losses, risk of hacking, and limited […]

This year, the cryptocurrency market saw a significant decrease in value, losing over $1.4 trillion. This decline was due to various issues faced by the industry, including failed projects and a lack of liquidity. Advertisements The industry faced several challenges, with a number of prominent players within the ecosystem filing for bankruptcy, including BlockFi, Celsius, […]