In the opening quarters of this year, the total value locked in decentralized finance experienced a near-doubling increase compared to the last three months, as per recent studies. This growth can be attributed in part to Ethereum’s liquid staking initiatives. The total value locked in Decentralized Finance (DeFi) saw a significant jump from a low … Read more
Over the past 24 hours, Degen Chain, a novel Ethereum layer-3 network, has processed the most transactions per second within the Ethereum community. According to L2BEAT, Degen’s transaction processing speed (TPS) rose by 62% in the last day, reaching a new high of 35.7 transactions per second (TPS). This surpasses the base blockchain’s TPS of … Read more
Ethereum’s blockchain network is projected to generate approximately $1 billion in annual earnings, following a profitable Q1 with revenues amounting to $365 million. This success is coupled with a substantial increase of 155% compared to the same quarter last year. According to a report by The DeFI Report’s analyst Michael Nadeau released on April 17, … Read more
Shiba Inu’s key technical indicator has suggested the possibility of a future decline. The coin’s price remains at risk of significant price swings. On a weekly chart, the Parabolic SAR indicator for Shiba Inu’s SHIB suggested the potential for a prolonged downtrend. The Parabolic SAR (Stop and Reversal) indicator helps determine the trend and possible … Read more
LINK and MATIC have witnessed consecutive declines in the past few days. Holders are currently holding at a loss due to their price declines. At a casual observation, Chainlink (LINK) and Polygon (MATIC) might seem unconnected. However, an intriguing discovery can be made when examining their positions on the market cap list: their rankings display … Read more
XRP prices continued to decline over the last few weeks as traders got liquidated New users lost interest in XRP, and overall sentiment around the token fell Over the past several weeks, the broader cryptocurrency market has experienced a major downturn. This trend has affected XRP as well, causing it to lose a substantial portion … Read more