Vitalik Buterin, co-founder of Ethereum, reportedly has over $ 1 million trapped in the Optimism bridge, a situation highlighted in a broader analysis by Arkham, which exposes numerous wallets with significant funds locked on various bridge contracts. Among these, a wallet associated with Bofur Capital has $ 1.8 million in wrapped Bitcoin stuck …
Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows FTX’s recent sales of SOL tokens, amounting to approximately $ 1.9 billion and $ …
In the first quarter of 2024, approximately $ 43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role in the resurgence of decentralized finance, bolstered by the Ethereum network’s transition to a Proof-of-Stake model. The bridging …
The volume and worth of liquid staking derivatives (LSDs) have expanded significantly since the beginning of the year, with 1.56 million ether being added to LSD protocols since Jan. 6. The total value of ethereum stored surged by $ 26.85 billion in the last two months. LSD Market Flourishes: Ethereum Holdings Cross $ …
Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $ 80 billion mark, and since that point, it has expanded by an additional $ 11.66 billion. As it hovers above the $ 91 billion threshold, the TVL is approaching the $ 100 billion milestone, a …