Auto Added by WPeMatico

Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95…

Continue ReadingValue Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

Merge Flippening Predictions Fail as Ethereum’s Market Dominance Drops 13% in 30 Days

During the last 35 days, ethereum has lost a significant amount of market dominance leading up to The Merge. On August 14, 2022, the second leading crypto asset by market…

Continue ReadingMerge Flippening Predictions Fail as Ethereum’s Market Dominance Drops 13% in 30 Days

Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower

Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from ​​$171.37 billion to today’s $153.09 billion. During the last two months, the top stablecoins…

Continue ReadingStablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower

Examiner Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins

According to a recently leaked recording stemming from the bankrupt crypto lender Celsius, the business is attempting to revive the company after falling into a financial burden. Following the leak,…

Continue ReadingExaminer Appointed to Celsius Bankruptcy Case, Crypto Lender Files for Access to $23M in Stablecoins

New Study Says Number of Cryptocurrencies Now at 10,000 — Five Coins Account for 75% of Total Market Cap

The number of known cryptocurrencies surged from 6,000 in July 2021 to 10,400 in February 2022 before dropping to around 10,000 by August. Only five cryptocurrencies currently account for over…

Continue ReadingNew Study Says Number of Cryptocurrencies Now at 10,000 — Five Coins Account for 75% of Total Market Cap