Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months

Three months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number … Read more

Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to today’s $112.29 billion, losing 51.38% in 42 days. Defi TVL Plunges More Than … Read more

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days

The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days. Defi Protocols Shed Considerable Value Decentralized finance (defi) … Read more

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales

Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales stemming from Ethereum jumped 29.16% in seven days, gathering $863.2 million in sales or 91.32% of the $945.2 million in sales. One particular NFT collection … Read more

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% this week. Moreover, over the last seven days, an NFT collection called Moonbirds saw the … Read more

Total Value Locked in Defi Takes a Hit Losing $21 Billion in 6 Days

Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours. Value Locked in Defi Shudders This Week While the … Read more

This Week’s NFT Sales Dropped by 13%, Ronin Markets Rebound, Clonex Climbs Higher

Non-fungible token (NFT) sales have been lackluster this past week, as the aggregate sales volume during the last seven days has dropped 13.75% since last week. The largest number of sales stemmed from Ronin this week as 45,875 buyers increase Ronin-based NFT sales by more than 72%. The NFT collection that recorded the most sales … Read more

NFT Sales Increased by 34% This Week, Azuki Takes Top Sales, NFT Interest Remains Low

Non-fungible token (NFT) sales have increased this week after a small 2.15% drop the week prior. During the last seven days, NFT sales are up 34.62% from $579 million to $779 million. The NFT collection with the most sales this past week was Azuki, as the collection’s NFT sales jumped 94.68% higher than the week … Read more