Tag Archives: DeFi

Uniswap Revenue Flies To All-Time Highs: Is UNI Undervalued?

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UNI, the native token of Uniswap, one of the top decentralized exchanges (DEXes), is under immense selling pressure.  From the daily chart of the UNIUSDT, the token is down 62% from March highs, though prices have stabilized in the past few trading weeks. To put in the numbers, chart data shows that it is up… Continue reading Uniswap Revenue Flies To All-Time Highs: Is UNI Undervalued?→

Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows

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The crypto market continues to be influenced primarily by broader macroeconomic conditions, with the latest US Consumer Price Index (CPI) report providing a glimmer of optimism for risk assets, including cryptocurrencies. Crypto Awaits Fed’s Move According to a recent Coinbase report, the slightly softer-than-expected July CPI print of 2.9% year-over-year – the lowest level in… Continue reading Wall Street Titans Boost Crypto Stakes: US Bitcoin ETFs Garner $2.4B In Q2 Inflows→

Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation

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The Fantom blockchain saw mixed performance in the second quarter (Q2) of the year, with key financial metrics cooling amid the broader cryptocurrency market downturn and the Fantom Foundation’s announcement to rebrand as Sonic Labs, according to a new report from data intelligence firm Messari. FTM Market Cap, Revenue, And Token Economics  After outperforming in… Continue reading Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation→

NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?

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RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines, there is confidence that prices may rally in the coming days primarily because of fundamental… Continue reading NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?→

Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating

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Yesterday, August 5, LINK, the native currency of Chainlink, a decentralized Oracle provider, plunged to a six-month low. Changing hands at around $8, LINK fell by 64% from March highs, breaking out from a bull flag, signaling weakness. The correction was across the board, and leading altcoins like Solana and Cardano also posted sharp losses.… Continue reading Chainlink Drops by 64% In 5 Months, LINK Holders Unfazed: They Are Rapidly Accumulating→

ARB Market Plummets 14%, But New Developments Could Reverse The Trend

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Arbitrum resumes its drive downward along with the broader market downturn investors are experiencing today. According to the latest market data, ARB is down nearly 14% since last week, putting more pressure on the bulls to slow the bearish tide.  However, there are several developments on the platform that might affect investor perception in the… Continue reading ARB Market Plummets 14%, But New Developments Could Reverse The Trend→

Over 33 Million ETH Staked As Spot Ethereum ETFs Roll Out: Up Next $4,000?

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Ethereum is outperforming Bitcoin at spot rates, holding firm above the support zone between $3,000 and $3,300. Although prices retraced yesterday, with the July 29 bar closing with a long upper wick pointing to weakness, ETH holders are upbeat, expecting gains above $4,000. Roughly 30% Of All ETH Staked, Validators Stand At Over 1 Million… Continue reading Over 33 Million ETH Staked As Spot Ethereum ETFs Roll Out: Up Next $4,000?→

$25 Million Drained From Compound (COMP) Treasury In Latest Governance Exploit Incident

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The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to researcher DeFi Ignas, the attack began with an initial proposal to grant 92,000 COMP tokens, submitted without prior discussion on… Continue reading $25 Million Drained From Compound (COMP) Treasury In Latest Governance Exploit Incident→

Helium (HNT) Rockets In Value With 41% Rally – Here’s Why

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Some altcoins today are seeing a strong and consistent bullish attitude with their traders, and Helium is one of those. The latest market data shows that the token is up nearly 41% since last week.  This is largely sustained by continuing efforts to make the network robust and usable in everyday life. Its entry into… Continue reading Helium (HNT) Rockets In Value With 41% Rally – Here’s Why→

Goldman Sachs Embraces Crypto With Three New Initiatives In The Pipeline

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To capitalize on the growing interest in the crypto industry, banking giant Goldman Sachs is preparing to enter the tokenization sector, with three offerings expected to launch later this year.  Goldman Sachs Aims To Capitalize On Tokenization Trend According to a Fortune report, Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, revealed the… Continue reading Goldman Sachs Embraces Crypto With Three New Initiatives In The Pipeline→