Since mid-November the total value locked (TVL) in decentralized finance (defi) has slid from $257 billion to $250.55 billion and during the last 24 hours it lost a touch more than 5%. Over the last seven days, defi tokens like uniswap, pancakeswap, curve dao token, 1inch and sushi have lost anywhere between 15% to 23.9%…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ … Read More: BlockFi Ends Free Withdrawals, ‘NFT’ is Word of the Year + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion worth of ethereum using today’s exchange rates.…
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A recent study of Uniswap v3 pools revealed that on average, almost half of the liquidity providers are losing money due to impermanent losses. Recent research shows that impermanent losses have become an increasing issue for liquidity providers on Uniswap v3. A Nov. 17 report by Topaz Blue and the Bancor Protocol found that 49.5%…
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Half of all users who provide liquidity on the third version of the decentralized exchange Uniswap are seeing lower returns than they would have if they simply held tokens in their own wallet, a new study claims…. Read More: Half of Uniswap’s Liquidity Providers See Negative Returns, Study Claims Read more »Pay, Trade, Buy Bitcoin…
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While digital currencies like bitcoin and ethereum lost roughly 10% in value during the last seven days, the decentralized finance (defi) economy has weathered the storm better than the top two leading crypto assets. A slew of blockchain games coins, defi tokens, and metaverse assets like gala, crypto.com coin, wax, kadena, wonderland, and avalanche have…
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Bitcoin (BTC) had no positive correlation with the traditional inflation hedge gold during the past 60 days, and has instead developed a weak positive correlation with the US stock market, a new report from the crypto-focused financial services firm BitOoda has found. The correlation between the largest cryptocurrency and the S&P 500 stock index stood…
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As Ethereum (ETH) continues to be plagued by high gas fees, the layer 2 (L2) scaling solution Optimism is expected to launch a major upgrade on November 11…. Read More: Ethereum Fees Pushed Higher by DEX Trading as Optimism’s Upgrade Nears Read more »Pay, Trade, Buy Bitcoin with Credit Card
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: NYCCoin, Cambridge on Tezos, Tether on Avalanche + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886…
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