Cryptocurrency Analysis and News Portal
The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month.Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher.It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down.Ethereum has
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Enterprise Ethereum Alliance (EEA), the business end of the second-largest blockchain, has appointed a new executive director, Daniel C. Burnett. Burnett, who previously worked as a standards architect within Ethereum-focused ConsenSys, wants to widen the EEA’s scope beyond banks and blue chips, to include exchanges. Burnett even aims to embrace the
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The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January.According to data published by Dune Analytics, the total number of DeFi users was just shy of 240,000 as of July 6 — increasing by
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In a special announcement made at the Unitize conference on July 6, Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits.The companies involved in the creation of Anchor plan to launch it across their respective blockchains at
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It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up.According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO
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Decentralized finance, or DeFi, offers potential growth opportunities said the chief executive of digital assets management company HyperChain Capital.HyperChain CEO Stelian Balta said DeFi “has a huge opportunity to grow” and that digital currencies and blockchains are something the company continues to look on with interest. “I believe DeFi space has
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Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi.Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled down to on-chain swapping solutions.According to Our Network, Curve was one
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Tensions between the Bitcoin and Ethereum tribes have been stirred by a trend that outsiders might see as a sign of harmony. Throughout June, the amount of tokenized bitcoin on Ethereum, the bulk of it in WBTC, a special ERC2 token known as “wrapped bitcoin,” soared from 5,200 BTC to 11,682
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The popular crypto trading platform OKEx has recently announced the listing of COMP Governance token. The native token of Ethereum based Compound algorithmic autonomous interest rate protocol is available for spot trading against USDT and BTC since June 29, 2020.Apart from Spot trading, OKEX has also launched Margin Trading and
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DeFi’s agricultural revolution is spurring growth in decentralized exchanges. Meanwhile, the Bitcoin network experienced its lowest difficulty adjustment in 10 years, clocking a negligible change in mining difficulty today, while a novel legal strategy is bringing an initial coin offering project to court. Here’s the story: You’re reading Blockchain Bites, the daily roundup of
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