Tag: DeFi
DeFi is short for decentralized finance that includes digital assets, protocols, smart contracts, and dApps built on blockchain.
Summary:
Renzo’s Restaked Ether (ezETH) experienced a depeg to $700, causing significant liquidations across DeFi platforms.
Gearbox and Morpho Labs were among the platforms affected by the depegging event.
The depeg was primarily attributed to the end of Season 1 of Renzo’s airdrop.
Renzo Protocol, the second-largest liquid re-staking protocol, holds $3.3 billion in total value locked (TVL).
DeFi Platforms Gearbox...
Crypto Market Update: Insights and Trends for April 23, 2024
Written on .
Bitcoin and Ethereum
Bitcoin, the pioneer of cryptocurrencies, recently completed its halving process. This significant event, which occurs roughly every four years, reduces the rate of new token creation. As a result, Bitcoin’s value experienced a slight dip, settling at $66,340. The halving makes it more expensive for miners to introduce new bitcoins into circulation. While some view this as a bullish sign, skeptics remain cautious, considering...
Crypto Market Update: Key Trends and Insights for April 22, 2024
Written on .
State of the Crypto Market
The total cryptocurrency market cap currently stands at a staggering $1.34 trillion. Trading volumes have reached $56.8 billion in the last 24 hours, reflecting the market’s robust activity. But what’s driving this frenzy? Let’s break it down.
Bitcoin and Ethereum: The Titans
Bitcoin (BTC) remains the undisputed king, with a market cap exceeding $1.26 trillion. Its recent surge has been fueled by institutional...
Bitcoin, Blockchain, Cryptocurrencies, DeFi, Ethereum, News, NFTs
Crypto Market Update: April 19, 2024
Written on .
Overview
The crypto market is buzzing with activity today, as investors and enthusiasts keep a close eye on the latest developments. From Bitcoin’s halving event to emerging narratives, let’s dive into the key highlights shaping the decentralized finance landscape.
Bitcoin and Ethereum: The Titans
Bitcoin and Ethereum remain at the forefront of the crypto world. Bitcoin, the digital gold, is currently trading at $64,403.82,...
Crypto Market Update – Analyzing Bitcoin, Ethereum, and Market Trends in April 2024
Written on .
As we dive into the crypto market landscape of April 2024, it’s evident that the industry is experiencing a mix of excitement and uncertainty. The upcoming Bitcoin halving event has garnered significant attention, with experts predicting a potential rally in the digital currency. However, recent market data reveals a decline in the global crypto market cap, with a notable decrease in the price of Bitcoin and Ethereum. In the midst of this...