Due to the ongoing meme coin frenzy, DEXs on the Solana network have taken up the majority of trading volume over the past 24 hours. According to CoinGecko, Solana-based decentralized exchanges (DEXs) accounted for most trading volume over the past 24 hours. The top three were Raydium, Jupiter, and Orca. Raydium’s volume in the last 24...
Ethena Labs’ synthetic dollar has surged to a $2 billion market cap less than two months after the protocol released its product on Ethereum’s public mainnet. Launched in February, the market cap of stablecoin USDe has grown over 147% in the last 30 days, per DefiLlama. CoinGecko categorizes the cryptocurrency as the fifth largest token in...
In collaboration with the Composable Foundation, Picasso Network has announced the integration of the Inter-Blockchain Communication protocol with Ethereum. The integration allows for transferring assets and data between Ethereum (ETH) and the Cosmos ecosystem, facilitating cross-chain interoperability. “By connecting Ethereum with Cosmos through IBC and designating Osmosis as the primary liquidity hub, we are setting the stage for a new chapter...
A CoinLedger study discovered that cryptocurrency portfolios increased in value by an average of $2,804 this year as the industry raced toward its previous 2021 peak. The crypto tax and portfolio management software provider analyzed a database of over 500,000 investors to map out popular tokens and solutions being leveraged amid a bull run underpinned by institutional interest...
Vitalik Buterin, one of the creators of the Ethereum blockchain, confirmed his position regarding layer 3 networks. Buterin joined the discussion on the value of layer 3 (L3) solutions, citing his post from a year and a half ago. Recently, an online debate broke out regarding the usefulness of L3 protocols for the Ethereum ecosystem. Several speakers...
While Ethereum prices fell over 4% in the last 30 days, ETH holders have pivoted away from Lido Finance into restaking protocols. According to a Dune Analytics dashboard tracking staking activity, Lido Finance had the highest Ethereum (ETH) outflow among similar protocols in the past month. The page created by researcher Hildobby indicated that stakers withdrew over...
Ethereum co-founder Vitalik Buterin spoke about the next stage of the blockchain roadmap, the Purge. According to Buterin, the roadmap’s new stage aims to simplify the network structure and reduce the load on nodes. Central to developing the protocol at this stage is the implementation and development of EIP-6780, introduced during the recent Dencun hard fork. It...
The total value locked in Ethereum restaking protocols has jumped to $8.35 billion. The total value locked (TVL) of the ether.fi project exceeded $3.2 billion. Renzo is in second place with $2 billion, while data from The Block shows that Puffer is third with TVL at $1.3 billion. Source: The Block EigenLayer also saw an uptick in activity...
Vitalik Buterin thinks ‘degen communism’ can make the crypto economy fairer and promote a common good amidst the market’s inherent chaos. The term ‘Degen communism’ merges the adventurous spirit of “degen” culture, known for its high-risk, high-reward investment strategies, with a structured approach to ensure that the fallout from market volatility disproportionately harms none. Advocating for this...
PeckShield reported the movement of assets from addresses related to the hacking of the Prisma Finance protocol. Analysts tracked the movement of funds in wallets involved in the criminal operation. Through two transactions, the hacker sent 1,840 Ethereum (ETH) worth about $6.5 million to the Tornado Cash mixer. After some time, experts noted that the attacker sent a message...
