Ethereum’s merge could help save DeFi TVL, Bloomberg reports

2022-5-31 10:10

DeFi investors are hoping that Ethereum’s Merge will pull the crypto market out of its current bear market, according to a Bloomberg report.

Data from DeFiLlama shows the total value of assets locked in the space has touched new lows. According to the data, DeFi TVL is less than $110 billion, the lowest since October 2021.

The Bloomberg report tied this crash to the Terra ecosystem crash alongside the rising inflation, which has forced the US Federal Reserve to implement several monetary policies.

Why “The Merge” is important

Ethereum’s merge is undoubtedly one of the most anticipated developments in the crypto space as it will migrate the blockchain from a proof-of-work consensus mechanism to a proof-of-stake mechanism that will considerably cut into Ethereum’s energy use supply and transaction fees.

Vance Spencer, the co-founder of venture capital firm Framework Ventures, while speaking about the event, said 

If you think about how crypto markets usually move, the biggest event is usually Bitcoin halving, cutting supply of Bitcoin in half. Here, we have the supply of Ethereum getting cut by 90% in one moment.

Ethereum’s co-founder Vitalik Buterin, alongside other top developers of the network, has hinted that the Merge is coming soon, and it could be as early as August. This is despite all of the delays it has experienced in the past.

How will “The Merge” save DeFi?

DeFi investors, according to the Bloomberg report, believe that Ethereum’s merge will help push the value of the coin higher.

Wes Cowan, a managing director at Valkyrie, disclosed that his firm has been purchasing more Ethereum in anticipation of the merge because it gives holders a new level of opportunity in the market.

Based on the scheduled upgrade, ETH holders would serve as validators that would help keep the blockchain secured. 

And unlike miners who tend to sell their mined tokens to cover their operational costs, validators are more likely to hold on to their ETH because of their lesser operations cost. 

Bloomberg also predicted that Ethereum could face lesser selling pressure when compared to Bitcoin, especially if the market was to witness another round of huge sell-offs.

The post Ethereum’s merge could help save DeFi TVL, Bloomberg reports appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2425.45 (-0.11%)
Объем 24H $17.748b
Изменеия 24h: -1.78 %, 7d: -7.45 %
Cегодня L: $2366.56 - H: $2431
Капитализация $292.065b Rank 2
Цена в час новости $ 1970.9 (23.06%)

ethereum bloomberg merge defi market reports help

Источник: cryptoslate.com

ethereum bloomberg → Результатов: 126


Фото:

Bloomberg Terminal добавил в листинг долговой инструмент на базе Ethereum

Компьютерная система Bloomberg Terminal добавила долговые инструменты, разработанные на основе блокчейна Ethereum. Созданием программной платформы занималась компания Cadence, ставшая первым поставщиком с идентификатором FIGI.

2019-6-5 11:30


Stellar и EOS могут вытеснить Ethereum с рынка

Аналитики Bloomberg считают, что эфир теряет свою долю в индустрии из-за давления других криптовалют Ethereum постепенно уступает свою долю рынка другими альткойнам. Главные конкуренты монеты ETH — Stellar и EOS.

2019-3-30 13:00


Bloomberg: конкуренты отвоевывают у Ethereum рынок dApp

Проект Ethereum, с момента своего запуска в 2015 году, считался преемником Биткоина, поскольку предлагал инструменты, позволяющие разработчикам создавать новые приложения, которые могли бы выполнять транзакции автоматически.

2019-3-29 22:18


Фото:

Запустившая блокчейн-ETF компания нацелилась на институциональных инвесторов

Лондонская Elwood Asset Management планирует разработать ряд продуктов для инвестиций в криптовалюты. Они будут ориентированы на институциональных инвесторов, пишет Bloomberg. Генеральный директор Elwood Бин Рен заявил, что новые регулируемые продукты охватят целый спектр криптоактивов.

2019-3-13 18:00


Фото:

Инвестгигант Fidelity запустит сервис для хранения криптовалют

Fidelity планирует работать с биткоином и Ethereum и может привести в криптоотрасль крупных игроков с Уолл-стрит. Бостонская инвестиционная компания Fidelity Investments в марте запустит сервис для хранения криптовалюты — в первую очередь, биткоина, а вместе с ним и еще нескольких ликвидных цифровых активов.

2019-1-30 13:21


Bloomberg: в марте Fidelity запустит депозитарный биткоин-сервис

Инвестиционная компания Fidelity планирует в марте запустить депозитарный сервис для биткоинов, сообщает Bloomberg со ссылкой на собственные источники. Это станет следующим шагом в реализации плана фирмы, управляющей активами клиентов на сумму более $7,2 млрд, который она начала реализовывать в октябре, создав компанию Fidelity Digital Asset Services.

2019-1-30 11:53


Fidelity планирует официально запустить свой крипто-кастодиальный сервис этой весной

Запуск крипто-кастодиального сервиса управляющей активами компании Fidelity Investments может состояться в марте, пишет CoinDesk. Компонент для хранения активов подразделения Fidelity Digital Asset Services LLC (FDAS) уже работает и используется для управления некоторыми из них, сообщил знакомый с ситуацией источник.

2019-1-30 10:50


Crypto Tidbits: Possible Japan Bitcoin ETF, Ripple Achieves Milestone, Ethereum Classic Attack

Although the Bitcoin price stumbled, fundamental developments for the crypto industry’s facets remained strong during the second week of 2019. New York opened a so-called “Blockchain Center,” purportedly funded by Microsoft, Ripple achieved a key milestone, and Bloomberg claims that Japanese regulators may green light a Bitcoin exchange-traded fund (ETF) in the future.

2019-1-13 21:00


CoinFLEX (Formerly CoinfloorEX) to Offer Physical Futures Contracts for Bitcoin, BCH and Ethereum

The cryptocurrency exchange CoinfloorEX will start to offer futures contracts for Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH). All of them will be able to be leveraged up to 20 times. The information was released by Mark Lamb, one of the co-founders of Coinfloor, during a conversation with Bloomberg on January 6. The market […]

2019-1-7 18:53


Bloomberg: Bitcoin (BTC) Technicals “Flash Buy” As Crypto Recovers

Bitcoin (BTC) Technical Indicators Turn Bullish It’s 2019, and it seems that prospects are already looking bright for Bitcoin and the cryptocurrency market at large. According to a recent article posted by Bloomberg’s Vildana Hajric and Reade Pickert, a number of technical indicators/signals have begun show bullish signs, after a multi-month lull in crypto valuations.

2019-1-3 03:00


Bloomberg: Clues Suggest Tether (USDT) Has the Billions To Back Up the Digital Asset

Rumors surrounding the stablecoin known as Tether (USDT) have long speculated that the parent company does not exactly have the funds to back up the total tokens in the market. The continual uncertainty as to whether USDT was backed by cold cash caused the fake news in mid October that Binance was delisting the stablecoin […] The post Bloomberg: Clues Suggest Tether (USDT) Has the Billions To Back Up the Digital Asset appeared first on Ethereum World News.

2018-12-19 11:13


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum price briefly touches $2,700 as ETH comes to life

In an exciting turn of events for cryptocurrency enthusiasts, the Ethereum price has briefly touched the $2,700 mark. This resurgence is particularly noteworthy given the broader market dynamics and the strong performance of Bitcoin (BTC), which is nearing its all-time high of $73,794.

Cardano price prediction: will this ghost chain rebound?

Cardano price has been left in the dust this year, as investors focused on its lagging market share across the blockchain industry and its high valuation. ADA has plunged by over 35% this year, while Bitcoin has soared by 65% and moved to its highest level on record.