In the past 15 days, the stablecoin economy experienced modest yet steady expansion, adding $ 1.08 billion to its overall value. During this time, tether’s market capitalization increased by 790 million. Modest $ 1.08B Growth in Stablecoin Market Since Aug. 23 Growth in the stablecoin economy has slowed, though it continues to expand, …
Between May 10 and May 17, non-fungible token (NFT) sales totaled $ 150.56 million, marking an 8.97% decline from the previous week’s figures. NFT sales have consistently decreased on a weekly basis, as four out of the top five blockchains by sales volume experienced reductions during this period. NFT Market Sees Consistent Decline In …
In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $ 198 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: $ 198 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, …
Based on a recent report, Jump Trading Group, known for its focus on algorithmic and high-frequency trading techniques, has reportedly severed ties with the Wormhole crypto initiative, known for its cross-chain communication services. Last year saw Wormhole suffer a significant loss of 120,000 ethereum due to a major security incident. Wormhole and Jump Trading ‘Part […]
For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $ 124 billion, following notable reductions across several projects. Yet, stablecoins still dominate in terms of global trade volume, accounting for 61% of all settled …