The Ethena protocol has seen significant changes in recent months, with both growth and challenges shaping its performance. Analyzing the latest on-chain data reveals key trends in liquidity, user trust, and market dynamics, providing critical insights for investors. 1. TVL Decline: A Warning or an Opportunity? Ethena’s Total Value Locked (TVL) has dropped from $3.6 […]
Tag: cryptocurrency
The AI narrative has taken the crypto world by storm, capturing 50% of the industry’s mindshare. Yet, despite the hype, the total market cap of AI-related coins still falls short compared to the top two memecoins. The AI narrative is leading in crypto with 50% mindshare. Yet, the total market cap of AI coins is […]
Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC), has officially launched ApeChain on the Ethereum mainnet. ApeCoin DAO’s $APE token surged 100% in the last two days, fueled by excitement over ApeChain’s launch. What is ApeChain? ApeChain is a Layer 3 blockchain solution built on Ethereum, using the Arbitrum Orbit toolkit to […]
The meme coin market is buzzing this week, with its total market cap soaring to $47 billion—a notable 17.86% increase in just seven days. This impressive growth has outpaced many other sectors in the cryptocurrency space, with most of the top 20 meme coins trending upwards. Market Overview The meme coin market cap now stands […]
The crypto market remained mostly flat in Q3 2024, with the total market cap ending the quarter at $2.33 trillion, reflecting a slight 1% drop. Despite this, the quarter was marked by volatility due to external factors, such as the Federal Reserve’s rate changes and Japan’s surprising rate hike. Here are the most notable insights […]
The CoinMarketCap (CMC) Q3 report reveals significant shifts in the crypto landscape. Bitcoin’s dominance surged to a two-year high of 56.8%, its highest level since April 2021, while the total stablecoin market cap hit an all-time high (ATH) of $160 billion, 2.5 times higher than April 2021 levels. Despite a slight dip in the global […]
The recent performance of SPX has been nothing short of extraordinary. Over the past 30 days, SPX 6900 has seen consistent gains, which is an uncommon trend in the market, demonstrating heightened investor optimism. The stock has surged by an astonishing 1,500% in just one month, showcasing its growing appeal. Whale Wallets Acquires 3.62 Million […]
TAO’s price has recently experienced a significant increase, largely driven by the activity of Smart Money (SM) and Smart Dex Traders (SDTs). Analyzing data over the past three months, we can see that $wTAO has become the most accumulated token by Smart Money, with an impressive total of $18.63 million. This indicates a strong buying […]
Since 2021, cryptocurrency companies have increasingly leveraged sports sponsorships to boost brand visibility and market presence. Leading the pack is Crypto.com, securing 11 major sponsorships across multiple sports disciplines, from motorsports to basketball and soccer. Crypto.com’s aggressive marketing strategy has made it a dominant force in sports sponsorship, spanning various regions and leagues worldwide. Coming […]
The cryptocurrency market is experiencing a strong uptrend, with AI-driven projects at the forefront. Top gainers like $TAO, $ARKM, $RENDER, $WLD, $AI, $NEAR, and $PHB are drawing significant investor attention as AI emerges as the dominant trend in this latest bull run. With increased focus on artificial intelligence, these projects are seeing considerable growth, attracting […]