fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher
FTM price recovers from its May 12 low after the launch of the fUSD stablecoin and the possible return of Andre Cronje. Go to Source Powered by WPeMatico
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Biggest Movers: FTM, ETC Lead Crypto Gainers to Start the Week
ETC rose by over 10% to start the trading week, as prices rose to a two-week high on Monday. FTM also saw its value increase during today’s session, climbing by nearly 20% earlier in the day. Ethereum Classic (ETC) ETC was one of the most notable gainers during Monday’s session, as cryptos were mostly in … Read more
Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month
Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days. Value Locked in Cross Chain Bridge … Read more
Polygon and others extend helping hand to Terra blockchain projects
These efforts are sure to help get many Terra projects back on their feet following last week’s devastating events. Go to Source Powered by WPeMatico
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
Terra’s Cross-Chain Bridge Now Supports Solana, Avalanche, Fantom, Moonbeam, Osmosis
Terra Bridge, the cross-chain bridge protocol now supports Solana, Fantom, Moonbeam, Osmosis, and Avalanche according to Terraform Labs CEO Do Kwon. “Easiest way to move funds in crypto,” the Terraform Labs CEO explained in a tweet. Terra Bridge Adds 5 New Chains On April 12, 2022, Terraform Labs co-founder Do Kwon told his 352,800 Twitter … 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
Total Value Locked in Defi Nears Lifetime High, Ethereum’s TVL Dominates by 54%
On Sunday, April 3, the total value locked (TVL) in decentralized finance (defi) has risen to $231 billion. The TVL is nearing the all-time high (ATH) of $256 billion recorded on December 2, 2021, as it’s only 10.82% under the TVL’s ATH. Additionally, while Curve Finance continues to dominate in terms of TVL, the defi … Read more
Biggest Movers: RUNE Rises by Over 15%, as FTM and AVAX Trend Lower
Thorchain (RUNE) rallied to its highest level since January, as cryptocurrency markets started the week mainly in the red. Avalanche (AVAX) was one of these cryptocurrencies trading lower on Monday, and fantom (FTM) fell by close to 10% on the day as well. Thorchain (RUNE) While cryptocurrency markets have been mainly lower over the past … Read more
Fantom Foundation issues clarification statement about departure of Andre Cronje and Anton Nell
The statement comes amid ongoing speculation regarding the recent departure of two of its most prominent developers. Go to Source Powered by WPeMatico
