Ether, the native cryptocurrency of the Ethereum blockchain, is currently trading at a significant 27% discount to its perceived fair value.
Bitcoin (BTC) $37,738.11 1.25%Ethereum (ETH) $2,030.67 1.62%BNB (BNB) $227.68 1.14%XRP (XRP) $0.603075 1.83%Cardano (ADA) $0.374881 2.98%Solana (SOL) $59.69 2.05%Dogecoin (DOGE) $0.082024 2.06%Polkadot (DOT) $5.17 2.82%Shiba Inu (SHIB) $0.000008 1.44%Dai (DAI) $0.997919 0.11%TRON (TRX) $0.103168 0.50%Polygon (MATIC) $0.765424 0.49%Avalanche (AVAX) $21.00 0.95%Uniswap (UNI) $5.91 5.79%Litecoin (LTC) $69.51 0.88%
The decentralized finance (DeFi) sector experienced a notable decline in economic activity in August, with trading volumes across DeFi protocols dropping to $52.8 billion, marking a 15.5% decrease from July.
According to data disclosed by Tom Wan, an analyst on 21co, the parent company of 21Shares, the total market value of Ethereum stablecoins has dropped from 100 billion to 76 billion.
What exactly caused the USDC to unanchor, what were the collateral effects, what was the liquidity of the crypto market during the crisis, and how did the market recover?
Lido Finance’s liquid staking protocol has seen impressive growth in Total Value Locked (TVL) over the past 30 days, up 10.57%, with 7.56% of that growth happening over the past 7 days.
The two most prominent stablecoin issuance agreements so far are Aave and Curve, and the stablecoins issued are GHO and crvUSD respectively.
Over the past few weeks, we’ve seen a slew of institutional reports looking back at the crypto winter of the past year and offering an outlook for 2023.
Aavegotchi, a popular platform for buying and selling non-fungible tokens (NFTs), has announced a new initiative aimed at helping artists and collectors preserve the physical integrity of their NFT artworks.
DeFi protocols Aave and Compound have implemented new security measures in light of the ongoing volatility in the crypto market.
Aave co-founder and CEO Stani Kulechov said that we won’t see Twitter completely based on Web3 anytime soon.
According to DeFiLlama data, the total supply of U.S. dollar Stablecoin USDC has dropped from $55.55 billion to $46.57 billion in the past 90 days.
Crypto index firm CF Benchmarks has partnered with Chainlink to launch the Bitcoin Interest Rate Curve.