Despite the huge correction facing the entire crypto industry in recent days, institutional investors have maintained their bullish sentiment towards the space. According to available data from CoinShares, product funds dedicated towards the two largest crypto assets by market cap, Bitcoin and Ethereum continue to grow, with interest in Solana also rising rapidly. Institutional investors…
Total value locked (TVL) across all platforms went down from $273 billion to $261,2 billion last week, according to DeFiLlama. At the time of writing, Cronos Chain TVL hovers around $781 million, up almost 41% during the past 7-day period. Meanwhile, Avalanche TVL rose 23%. Avalanche ATH Price, volume and volatility indexes were all down…
According to data from analytics platform L2BEAT, there has never been more value locked in Ethereum’s layer-2 scaling solutions. With increasing gas fees driving the adoption of networks such as Arbitrum, Optimism, and Loopring, layer-2 TVL increased by more than 44% in less than a month. Users pour their money into L2s as Ethereum fees…
In the first two weeks since Sky Mavis, the team behind Axie Infinity (AXS), launched Katana, $1.8 billion in net assets bridged from Ethereum (ETH) to Ronin (RON), a recent DappRadar report revealed. According to the data acquisition and analysis company that keeps tabs on thousands of dapps across multiple blockchains, in this short timeframe,…
For the first time ever, Ethereum was listed as a payment option on Sotheby’s price table during the auction of two Banksy paintings. While the auction house has been accepting cryptocurrency payments since May this year, this was the first time ETH has both been listed as a first-class currency and used as payment. Banksy’s…
According to the Reserve Bank of Australia (RBA) head of payments policy Tony Richards, cryptocurrencies are not posing a threat to the central bank operations. The soon to retire central bank official, who admitted owning a crypto wallet since June 2014, doesn’t see cryptocurrencies endangering the Australian dollar. Crypto is no threat to Australia’s monetary…
The Ethereum (ETH) scaling solution zkSync 2.0 was developed by combining the EVM-compatible zkRollup and zkPorter, an off-chain data availability system, dubbed as “the engine for mass crypto adoption.” Because the two are interoperable and composable, contracts and accounts on the zkRollup side are able to seamlessly interact with accounts on the zkPorter side and…
On-chain data shows that Ethereum exchange outflows reached their all-time highs yesterday as ETH lost almost 15% of its value, dipping as low as $4,000. This shows that the majority of Ethereum holders retained their confidence in the token and have been buying the dip en masse. Ethereum holders were quick to buy yesterday’s dip…
After rallying to an all-time high of over $68,000 on November 10, the market cap of Bitcoin and the entire crypto industry rose to over $3 trillion too, marking a new ground for the nascent industry. However, within the space of 24 hours, all of those gains appear to have been eroded as the leading…
Ethereum is set to undergo a scheduled upgrade at block number 13,773,000, which should take place around December 8th. The Arrow Glacier network upgrade will delay the difficulty bomb until June 2022, which is when developers believe Ethereum will be running on Proof-of-Stake (PoS). Arrow Glacier will give miners time to breathe as Ethereum transitions…