Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $ 20 billion. Currently, the top three LSD protocols hold sway over 11.041 million ETH, …
Rollups are structures that have been designed as a way of scaling Ethereum’s capacity to process transactions and data. They group a bunch of tasks and compute them offchain, only posting the result of these transactions to Ethereum, allowing more data to be piled up on L1 (layer one). Ethereum co-founder Vitalik Buterin has been […]
After the Republican House of Representatives speaker, Kevin McCarthy, directed the House to open an impeachment inquiry into Joe Biden, bettors on the cryptocurrency-powered Polymarket platform have started placing bets on whether Biden will be impeached by two specific dates. Currently, bettors are wagering against impeachment on or before two specific dates: September 30, 2023, […]
Over 20 days, 640,000 ETH valued at just over $ 1 billion was added to liquid staking derivatives platforms. Additionally, the amount of ether staked in such protocols is approaching 12 million, with 11.97 million total value locked (TVL) as of September 15, 2023. Ethereum Staking Platforms Race to 12M Ether With $ …
Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $ 175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly $ 26 million worth of the USDC stablecoin. Coinbase’s Base Grows to $ 175 Million …