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Scroll, a prominent Ethereum Layer 2 network, has achieved a significant milestone by reaching $1 billion in total value locked (TVL). According to L2Beat, Scroll’s TVL surged by 21.9% over the past week, bringing it to $1.01 billion. This impressive growth makes Scroll the eighth Ethereum Layer 2 network to surpass the $1 billion TVL … Read more
Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160. Go to Source
As of July 1, 2024, data from @IntotheBlock reveals that $GMX is leading the Total Value Locked (TVL) category among derivative protocols with an impressive $517.97 million. Following $GMX, Synthetix holds $453.80 million, and dYdX comes in third with $308.82 million in TVL. Emerging protocols are also showing significant growth. Vertex Protocol boasts a TVL … Read more
Tron’s total value locked (TVL) plummeted to a six-month low of $7.6 billion as TRX price rallied. Cointelegraph investigates. Go to Source
SOL price weakness can explained by Solana Network’s activity and lack of appetite from derivatives traders. Go to Source
The value of crypto locked in DeFi increased by 17% due to ETH appreciation and a rise in trading activity. Go to Source
SUI has kicked off its first-ever global Hackathon, a move that’s poised to positively impact both its price and the projects within its ecosystem. Historically, blockchain incentives like these tend to boost market sentiment and project development, and SUI appears to be following this trend. #SUI has launched their first Hackathon, globally! Every time a … Read more
Ether’s price performance is hindered by stagnant network use, high fees and regulatory uncertainty. Go to Source
Amid ethereum’s value increase, the decentralized finance (defi) ecosystem has significantly benefited from ether’s double-digit growth. Leading defi tokens by market capitalization rose by 14.8% over the past day, and the total value locked (TVL) in defi exceeded $100 billion in the last 24 hours. Defi Protocols and Tokens Benefit From Ethereum’s Meteoric Rise The … Read more
Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100 billion mark, the value locked in defi is approaching that milestone after hovering just below it. … Read more
