BTCFi has seen remarkable growth on Pendle Finance since its first pool launched just over a month ago. With a total value locked (TVL) now surpassing $580 million, Pendle has quickly expanded to offer nine pools across Ethereum and the BNB Chain, catering to a variety of BTC-backed assets. Two standout assets have captured significant […]
Tag: cryptocurrency
The Solana NFT space is booming, with several collections capturing attention and impressive market valuations. Here’s a rundown of the top 5 Solana NFTs by market cap, showcasing their unique offerings and community-driven perks. 1. Mad Lads by Backpack Mad Lads, a 10,000-piece xNFT collection featuring illustrated humans, has taken the top spot in Solana […]
In the past year, the top ten ecosystems in cryptocurrency have all increased their development rates, signaling a promising future for the sector. The notable rise in GitHub events across these ecosystems reflects strong ongoing innovation: 1. Optimism: +45.6% Increase 2. Avalanche: +20.3% Increase 3. Arbitrum: +16.6% Increase 4. Solana: +14.1% Increase 5. Harmony: +10.1% […]
In a concerning security breach, a wallet associated with the U.S. government was reportedly hacked, resulting in the theft of approximately $20.7 million worth of digital assets. The attack, which occurred about nine hours ago, targeted multiple stablecoins and Ethereum, leading to substantial financial losses. The stolen funds include: 13.7 million aUSDC 5.44 million USDC […]
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 […]
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 […]