Tag Archives: defi

This year has certainly been a test of the Ethereum network, pushing it to its limits under unprecedented loads. Users have been disgruntled with sky-high gas fees, but other on-chain metrics have been good for the overall Ethereum ecosystem.Economic Activity SurgesA recent report by analytics firm CoinMetrics has revealed that Ethereum has flipped Bitcoin in terms of seven-day average weekly transfer, which has now reached $3.08 billion compared to $3.01 for BTC.ETH’s 7-day average adjusted...

Bitcoin has followed Wednesday’s increases on Wall Street and has risen to about $10,400. Most altcoins are also in green, as the total market cap sees a $22 billion addition over the past day.Ethereum, Polkadot, and Chainlink surge by approximately 10%, while DeFi tokens lead the way with the most gains, as YFI touches the 3 BTC mark once again.ETH Above $370The altcoin market sustained some severe losses in the past week. Nevertheless, they are displaying signs of recovery today, with green...

The Uniswap fork that got all the attention during the past week, Sushiswap, is moving forward with the migration of the liquidity locked in it.According to DeFi monitoring resource Zippo, there’s about $830 million locked in the protocol that will be migrated from Uniswap to Sushiswap. Spearheading the operation is the CEO of FTX.Liquidity Migrating Away from UniswapSushiswap is a fork of Uniswap with a twist – it adds a governance token, essentially turning it into a community-owned...

An Ethereum Improvement Proposal (EIP) which seeks to radically restructure the Ethereum fee pricing mechanism is gaining traction among developers. Known as EIP-1599, the proposal floats the idea of increasing Ethereum’s gas limit, while setting an elastic base transaction fee which is burned automatically.This is expected to return ETH transaction fees to usable levels, after heavy congestion saw unwanted all-time highs recorded all throughout 2020.What Will EIP-1559 Change?Currently,...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 966. Im heutigen Video geht’s um folgende Themen: Mit Bitcoin in 15.000 Restaurants bezahlen, Japans junge Crypto Trader & Ist der DeFi Boom schon vorbei? 1.) Mit Bitcoin in 15.000 Restaurants bezahlenhttps://www.btc-echo.de/schlagzeilen/15-000-restaurants-akzeptieren-bitcoin-zahlungen/ 2.) Most New Customers at Japanese Exchange BitFlyer Are in Their 20shttps://www.coindesk.com/bitflyer-new-customers...

Yield farming is a popular topic in the DeFi space for some time now. We know you may have many questions regarding yield farming – What is it? Why is it generating so much buzz?Let’s start with a simple statistic. In 2020, the DeFi space is so far growing at a rate of 150% in terms of total value locked (TVL) in dollars. In comparison, the crypto market capitalization has so far grown at a rate of only 37%.Many experts give credit to yield farming for the astounding growth of the DeFi space...

According to a recent publication, Chinese investors are using a lot of the ETH they buy on centralized exchanges to pursue DeFi opportunities.This essentially reduces liquidity, and exchanges are forced to limit or even suspend withdrawals.DeFi Growth In China Causes Issues For ExchangesThe DeFi craze exploded earlier this year. Projects began surfacing daily with new developments, promising high returns to lure investors into locking their cryptocurrency assets in their protocols.The total...

The total USD value locked in DeFi may have taken a hit after topping at $9.5 billion. But that hasn’t stopped the proliferation of tokenized Bitcoin tokens on the Ethereum blockchain.Data shows that the ‘BTC on Ethereum’ number has now gone up to a little over 72,000. That implies that around $750 million worth of Bitcoin is doing rounds on Ethereum.‘BTC on Ethereum’ Number Going up ExponentiallyAccording to data published by Elias Simos on the on-chain analytics platform, Dune Analytics,...

A few days after receiving control over the popular SushiSwap protocol, FTX CEO Sam Bankman-Fried revealed his personal ideas regarding its future. Those included gradually reducing the total supply after efficiently executing the multi-sig wallet transition.The Backstory: Transferring Control Over SushiSwapThe drama started the past weekend when SushiSwap’s lead developer, going by the Twitter handle Chef Nomi, cashed out his SUSHI tokens and exchanged them for millions worth of ETH. The...

Hey Informanten, willkommen zur Bitcoin-Informant Show Nr. 965. Im heutigen Video geht’s um folgende Themen: Der Blockchain-Ausweis kommt, Exchanges leiden aufgrund von DeFi Boom in China & Binance startet eine neue DeFi – Yield Farming Plattform. 1.) Der Blockchain-Ausweis kommthttps://www.btc-echo.de/der-blockchain-ausweis-kommt/ 2.) Exchanges suffer as Chinese users chase DeFi gainshttps://cointelegraph.com/news/exchanges-suffer-as-chinese-users-chase-defi-gains...