Ethereum DeFi ecosystem suffers contraction, TVL down to $47 billion in 2024

Quick Take The total value locked (TVL) in Ethereum’s DeFi ecosystem stands at $47 billion in 2024, a decrease from its peak of $66 billion earlier this year, according to Glassnode. This marks a stark contrast to the peak of 2021, where the TVL hit $110 billion, coinciding with Ethereum’s price reaching over $4,700.

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Ethereum (ETH) Faces Sudden $13 Billion Drain

Ethereum, world's second-largest cryptocurrency, has recently witnessed sharp $13 billion drain from its market, signaling potential shift in investor sentiment

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Ethereum Futures To Be Approved By October, Watchvestor To Unlock Liquidity in $48 Billion Luxury Watch Industry

After years of waiting, the cryptocurrency could finally get an Ethereum (ETH) future by October. Meanwhile, Watchvestor (WVTR) is poised to revolutionize the $78 billion luxury watch industry through ingenious blockchain-based solutions.

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The Cryptocurrency Market Is Gaining Momentum as Bitcoin and Ethereum Recover

The cryptocurrency market is gaining momentum as Bitcoin trades above $19k, and Ethereum stays above $1,300 after rising in trading volume and price last night. The 24-hour trading volume has increased by 19% for BTCUSD, reaching $59 billion, and 32% for ETHUSD, reaching $20 billion.

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$1.3 Billion in Ethereum Shifted as ETH Rises 20.79% in Past 7 Days

Whales have transferred over $1.3 billion worth of Ethereum and purchased $163,100 in wrapped Ether

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Ethereum Surpasses Visa as Its Market Cap Hits $500 Billion for the First Time

Ethereum's market value has hit $500 billion for the first time amid a streak of new all-time highs

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Over 100k Bitcoin Worth Nearly $1.2 Billion Tokenized on Ethereum; WBTC & RenBTC Leading

The number of Bitcoins locked on Ethereum continues to hit new records. It has already surpassed $1 billion. Currently, nearly $1. 2 billion worth of Bitcoin has been tokenized on the second-largest platform.

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This Statistic Shows How Small Ethereum’s DeFi Space Really Is

Ethereum’s decentralized finance space has seen parabolic growth since the start of 2020. In the past nine months, the value of coins locked in DeFi contracts has surged from around $500 million to $10 billion — a statistic that may actually undershoot true values.

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7% of the Circulating Supply of Ethereum is on DeFi, Worth $3 Billion

More than 7% of the circulating supply of Ethereum is now locked in DeFi protocols, data shows

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Blockchain Bites: Airdrops, Record Volumes, $1B BTC on Ethereum

Ethereum miners are reaping revenue from increased transaction volume from DeFi, as more than $1 billion worth of BTC migrates over.

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Bitcoin (BTC) edging higher as nearly 100,000 coins are locked in DeFi

Bitcoin (BTC) price is trading over 5% higher this week as the buyers attempt to secure a weekly close above $11,200. Separately, the recent data shows that over $1 billion worth of Bitcoin (nearly 100,000) are now tokenized over decentralized finance protocols on Ethereum.

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Over $1B worth of Bitcoin is locked in DeFi

Over 100k “synthetic” bitcoins or $1.07 billion has been minted on Ethereum as people...

The post Over $1B worth of Bitcoin is locked in DeFi appeared first on Coin Journal.

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1,000,000,000 USDT Wired from Tron to Ethereum, While USDT-Tron in Circulation Still Exceeds 5 Bln Coins

A crypto whale has made Tether shift 1 billion USDT from the Tron chain to ERC20; however, the circulating amount of USDT on Tron has nevertheless surpassed 5 bln coins

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Bitcoin Tokenized on Ethereum Near $1 Billion

The movement of bitcoins towards eth is growing somewhat parabolically, doubling in two weeks from around 40,000 to now more than 88,700 bitcoins. That’s worth some $960 million dollars, an...

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Tether Prepares for Another $1 Billion USDT Swap From Tron to the Ethereum Network

Over the past week, Tether has been in the news for several reasons, the most recent of which is proof that traders are interested in trading its native token USDT on the Ethereum network, despite congestion issues plaguing the Ethereum network.

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Transfer value on Ethereum flips Bitcoin by $80 million

Ethereum’s total transfer value of $3.08 billion surpassed Bitcoin by about $80 million. As... The post Transfer value on Ethereum flips Bitcoin by $80 million appeared first on Coin Journal.

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Crypto price roundup: Bitcoin (BTC) price tests $10k as Ethereum (ETC) closes below $350

Cryptocurrency market cap decreased by over 2% yesterday, nearing a break below the $300 billion mark. Bitcoin (BTC) price closed below the 100-DMA, which could pave the way for a deeper correction.

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Bitcoin Dominance Slides Losing 10% in the Last 100 Days

Bitcoin’s Dominance Index has slid 10% from a high of 67% on May 10, to a low of 57% today. Despite the defi market shakeout, ethereum still captures 10% of the aggregate market capitalization of $330 billion.

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How The Greenback Turned Bitcoin and Crypto into a Sea of Red

Bitcoin has crashed over 10%, Ethereum over 15%, and the total cryptocurrency market cap has lost over $37 billion in value over the last 48 hours alone. Several signs point to a potential top in the crypto market – whether temporary or not remains to be seen.

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Tether (USDT) Overtakes XRP Yet Again, Exceeds $13.4 Billion Market Valuation

Over the past 24 hours, Tether stablecoin has overtaken Ripple’s XRP once again to become the world’s third-biggest cryptocurrency just behind ethereum (ETH) and bitcoin (BTC). Tether now boasts a staggering market valuation of over $13.

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UMA overtakes Yearn.Finance as the biggest ‘DeFi’ protocol on Ethereum

UMA overtook yearn.finance to become the largest DeFi project on CoinMarketCap with a $1.3 billion market cap.

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Popular DEX Uniswap Beats Coinbase for the Second Time in a Row, Overthrows Other Top CEXs

The popular DeFi protocol Uniswap is reaching towards becoming the fourth largest DeFi project to hit the $1 billion mark. Given that the fully decentralized on-chain protocol for a token exchange on Ethereum has seen a growth of 225% in the past less than five days, it won’t be long before it enters the billion-dollar […] The post Popular DEX Uniswap Beats Coinbase for the Second Time in a Row, Overthrows Other Top CEXs first appeared on BitcoinExchangeGuide.

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Bitcoin and Ethereum ETNs Cross $1 Billion

Investment in bitcoin and ethereum Exchange Traded Notes (ETN) on XBT Provider have reached a new high of more than $1 billion. “We believe Bitcoin has a place in portfolios...

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Over $1 Billion Ethereum-Based Tokens Vulnerable to ‘Fake Deposit Exploit’

A number of university researchers published a study that demystifies the “fake deposit vulnerability” in Ethereum-based smart contracts. The findings show that over 7,000 tokens worth more than $1 billion built on top of Ethereum are vulnerable to two types of attacks that exploit smart contracts.

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Aave (LEND) becomes first Ethereum DeFi token to hit $1 billion valuation

A year or two ago, most decentralized finance (DeFi) protocols and their respective tokens were unknown. The post Aave (LEND) becomes first Ethereum DeFi token to hit $1 billion valuation appeared first on CryptoSlate.

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This Smart Contract-Based Ethereum Wallet Has Crossed $1 Billion in Holdings

A smart contract-based Ethereum wallet now boasts more than $1 billion in held assets, reported crypto publication Decrypt on August 24. $1 billion in Holdings Gnosis Safe, an Ethereum wallet that leverages the power of smart contacts to hold crypto assets, now holds more than $1 billion in total assets as of this week.

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Ethereum Tokens Worth $1B Vulnerable to ‘Fake Deposit Attack’

A software bug that deposits fake balances into cryptocurrency exchange wallets has been detected in 7,772 ERC-20 tokens worth over $1 billion.

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Ethereum competitor Polkadot hits $3.5b valuation: what’s fueling the rally? [UPDATED]

Polkadot (DOT), a blockchain protocol founded by Ethereum co-creator Gavin Wood, achieved a $3.5 billion market capitalization. The post Ethereum competitor Polkadot hits $3.5b valuation: what’s fueling the rally? [UPDATED] appeared first on CryptoSlate.

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Chain Swap: Tether Moves 1 Billion USDT from Tron to Ethereum Amid the DeFi Frenzy

Tether, the stablecoin provider, has moved 1 billion USDT coins from the Tron blockchain to Ethereum’s ecosystem which has been burgeoning, given the increased activity in DeFi. Basically, the whole process involves a swap from the TRC20 token standard to ERC20; an initiative that was coordinated together with a 3rd party according to the Twitter […]

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Blockchain Bites: Bitcoin’s Weary Bulls, ETC’s Action Plan, INX’s IPO

INX is gearing up for a landmark IPO while 1 billion tether jumped from Tron to Ethereum.

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Financial Analyst: Ethereum DeFi Is Becoming an “Unstable” System

Ethereum’s decentralized finance space has seen exponential growth over recent weeks and months. According to data site DeFi Pulse, there is now $6. 65 billion worth of cryptocurrency locked in so-called DeFi protocols.

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Half a Billion Bitcoin Tokenized on Ethereum, is it Propping Up Price?

Bitcoins are moving to the ethereum network at an accelerating speed with some half a billion dollars worth of 44,000 BTC running on the smart contracts platform. That’s up some...

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Analysis: There’s Likely Only $3.5b Locked in Ethereum DeFi, Not $6b

When analysts try and gauge the success of Ethereum’s decentralized finance projects, they often look to the “total value locked” metric. Just today, the metric, up around 1,000% since the start of 2020, surpassed $6 billion for the first time ever.

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Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week

Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more.

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Ethereum Futures Open Interest Hits Record High As Markets Struggle To Stay Bullish

Ethereum has been on a consistent rise in the last 24 hours, reaching several yearly highs. Following the price is the ETH Futures Open Interest which has just hit a new record high of $1. 5 billion.

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Party Like It’s 2017: Whales and Degenerates of DeFi

The DeFi craze is full-steam ahead: the total value locked has already passed $5 billion, the number of transactions on Ethereum hit 2018 levels, and gas prices are through the...

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How to Earn an Insane Passive Income on Your Bitcoin and Ethereum

Arguably the best way to earn a passive income from your crypto is with Decentralized Finance (DeFi) solutions.  DeFi applications account for the placement of $2 billion worth of crypto assets and tThe post How to Earn an Insane Passive Income on Your Bitcoin and Ethereum appeared first on AMBCrypto.

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A reckoning is coming for $50 billion in “ghost” blockchains—and DeFi will benefit

Almost all the best-performing altcoins of recent weeks have one thing in common: they’re all related to decentralized finance — often DeFi protocols based on the Ethereum blockchain. The post A reckoning is coming for $50 billion in “ghost” blockchains—and DeFi will benefit appeared first on CryptoSlate.

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Ethereum DeFi’s Flagship Coin, MakerDAO, Is Down 55% Against ETH in 2020

Ethereum’s decentralized finance (DeFi) sector has undergone parabolic growth over the past few months. The value of coins locked in DeFi protocols has surged to a cumulative $4. 25 billion for the first time ever.

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Total Value Locked in Defi Surpasses $4 Billion, ETH Up Over 70% Last 30-Days

Statistics show that the decentralized finance (defi) economy has grown massively this year as the total value locked (TVL) in defi recently surpassed $4 billion. Between dex platforms, derivatives, stablecoins, lending, and non-fungible asset creation the second quarter of 2020 has propelled the Ethereum network to new heights.

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Ethereum Fundamentals: DeFi Total Value Locked Passes $4 Billion

After a near-unstoppable uptrend, Ethereum’s rally was stopped dead in its tracks just 20 hours ago. In the span of just around ten minutes, the price of the leading cryptocurrency plunged from $415 to a low of $325 on most spot exchanges.

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Despite DeFi's boom, only 5.85% [$3.7 billion] of value is secured by Ethereum

With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4. 1 millionThe post Despite DeFi's boom, only 5.

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Despite DeFi's boom, it is only 5.85% [$3.7 billion] of value secured by Ethereum

With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4. 1 millionThe post Despite DeFi's boom, it is only 5.

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Ethereum Classic, Tezos and Monero price analysis: 2 August

The king coin with $219 billion in market capitalization holds nearly 65 percent of the entire dominance of the cryptocurrency market, and its massive 25 percent price increase has indeed anchored an The post Ethereum Classic, Tezos and Monero price analysis: 2 August appeared first on AMBCrypto.

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Ethereum 2.0 hype is here, but clarity still evades many

Ethereum has been one of the most popular cryptocurrencies and has managed to establish a place at the second spot with its market capitalization of $39. 85 billion. Ethereum inches closer to Proof of The post Ethereum 2.

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Ethereum Said to Be Best Performing Asset in 2020

Coinspeaker Ethereum Said to Be Best Performing Asset in 2020The data from Messari shows that all the platforms built on Ethereum have a combined market cap of $63. 7 billion. This is nearly 20% of the total market capitalization of the coin.

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CoinDesk Live Recap: Ethereum’s DeFi Luminaries Discuss What’s Next

MakerDAO's Rune Christensen, Compound's Robert Leshner and Uniswap's Hayden Adams discussed the state of the $3.8 billion DeFi market.

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Ethereum Futures Hit $1 Billion as Forecasts Show Positive Interest in the Decentralized Platform

Coinspeaker Ethereum Futures Hit $1 Billion as Forecasts Show Positive Interest in the Decentralized PlatformFor the first time in the history of Ethereum, its futures contract has generated unprecedented interest as it has eclipsed $1 billion.

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Ethereum Futures Hit $1 Billion as Forecasts Show Positive Interest in Decentralized Platform

Coinspeaker Ethereum Futures Hit $1 Billion as Forecasts Show Positive Interest in Decentralized PlatformFor the first time in the history of Ethereum, its futures contract has generated unprecedented interest as it has eclipsed $1 billion.

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