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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…

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

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.…

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

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…

Continue ReadingTotal Value Locked in Defi Nears Lifetime High, Ethereum’s TVL Dominates by 54%

NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior

After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on Wednesday, non-fungible token (NFT) weekly sales volume data shows an improvement from last week’s sales…

Continue ReadingNFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior

NFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge

The past week’s non-fungible token (NFT) sales have dropped again, following the last few weeks of diminishing volumes. Across 14 blockchains that support NFTs, sales have slipped 29.46% lower than…

Continue ReadingNFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge