What is wrapped Ethereum (wETH) and how does it work?
wETH is the ERC-20 compatible and tradable version of ETH and can be used to interact with other ERC-20 assets.
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Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
On February 2, 2022, the Wormhole Network’s ethereum solana bridge was exploited for 120,000 WETH (wrapped ethereum) worth $320 million and the following day, the team explained that “all funds…
Solana price ‘bear flag’ paints $50 target as Wormhole hack exposes security hole
The bearish continuation setup could push Solana price to drop to nearly $50 in the sessions ahead.
Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
Reports indicate that the Wormhole Network’s ethereum solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The…
Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days
On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest…
Cross-Chain Bridge Value Increases by 89% in Less Than a Month Surpassing $14 Billion TVL
23 days ago on September 16, cross-chain bridges held around $7.79 billion total value locked (TVL) and since then the TVL has increased 89% since then to $14.75 billion. Currently,…
Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion
On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study…
Eth2 staking contract ranks as single-largest Ether hodler with $21.5B
The Eth2 staking contract is now the single-largest address by Ether holdings.