TVL

The post Defi Protocol Pendle’s TVL Drops Sharply Over 40%  appeared first on Coinpedia Fintech News Pendle’s TVL has dropped sharply over the past week from $6.2 billion to $3.7 billion, sliding more than 40% in one week. The broader market as well is experiencing a downturn as cryptocurrencies struggle with sell-off pressure. The decline in Pendle TVL also comes amid the maturation of multiple liquid staking markets within the DeFi project’s ecosystem. Impacted markets that saw huge pool tokens…

The XRP Ledger AMM total value locked (TVL) has sustained a steady uptrend reaching over $7.7 million amidst a long-term bullish outlook. The AMM boasts of coins beyond XRP, including USDC, Bitcoin (BTC), Sologenic (SOLO), MAG, and USD. The Ripple network continues to post impressive growth with its expansion led by the growth of the XRP Ledger (XRPL) ecosystem. Recent data shows that automated market maker (AMM) total value locked (TVL) has rallied 51% in a little over two weeks…

Dubai, UAE, June 19th, 2024, Chainwire BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today announced the launch of the third installment of its (Total Value Locked) Incentive Program. This program is committed to nurturing Web3 ventures that are deployed on BNB Smart Chain (BSC) or opBNB. Two challenges have been crafted for this series: a $100,000 BNB Lock-Up Challenge (Part A) and a $200,000 TVL Challenge (Part B). The TVL Challenge now includes…

Toncoin, the native cryptocurrency of The Open Network (TON) blockchain, has recently experienced notable price appreciation and rapid growth in its ecosystem. After a period of consolidation between $1 and $2 since 2022, TON’s price has surged to reach a record high of $8.25 on June 15.  This achievement is accompanied by a significant increase in the TON blockchain’s Total Value Locked (TVL), doubling from $300 million. TON Blockchain’s TVL Hits $600 Million According to technical analyst Kyle Doops, the…

The post Toncoin Hits A New TVL Above $600 Million: Will It TON Price Hit $11 Soon? appeared first on Coinpedia Fintech News While the broader market is struggling to sustain the negative downturn, Toncoin (TON) is showing strong performance, currently trading at $7.83. It has gained 5.11% in the past day, 3.94% over the week, and an impressive 15% for the month. With a market cap of $19 billion, TON ranks ninth among the leading cryptocurrencies as per CoinMarketCap. …

The Ethereum Layer-2 network Base has surged to over $8 billion in TVL, surpassing Optimism’s OP Mainnet and becoming the second-largest Ethereum Layer-2 network. Despite a 58.6% decline in on-chain profits to $6.98 million in May, Base remains the most profitable Ethereum layer-2 network. In the latest development, the Ethereum Layer-2 network Base has surpassed $8 billion on total value locked (TVL) while overtaking Optimism’s OP Mainnet. This makes Base the second-largest Ethereum Layer-2, just behind Arbitrum One, with $18.7…

The post Ethena’s TVL and Market Cap Surge: Is It the Next Big Thing? appeared first on Coinpedia Fintech News After a slow month, Ethena’s TVL is going parabolic. It is currently at $2.75B, marking a nearly 20% increase in the last two weeks. Ethena’s market cap stands at $1.4B, with its price per ENA at $0.919, surging 26% in the past seven days. This explosive growth signals strong investor confidence and highlights Ethena’s potential to be the next big…

SolvBTC, Solv Protocol’s key product, offers stable returns by aggregating top yields from CeFi and DeFi. Solv Protocol operates SolvBTC on platforms like Arbitrum, BNB Chain, and enhances liquidity across multiple networks. On May 22, in New York City, Solv Protocol declared that its Total Value Locked (TVL) has surpassed $1 billion, ranking it as the 32nd largest entity in the decentralized finance (DeFi) sector based on DeFiLlama’s rankings. Ryan, the founder of Solv Protocol, commented, “Achieving this level of…

SolanaVM – The first L2 project on Solana, about to launch! They are pioneering a parallelized Layer 2 solution for Solana – Solana Virtual Machine, which builds the bridge to make Ethereum based dApps run on Solana! The project SolanaVM has the potential to bring over $68B value worth protocols to build on Solana. This can play a huge role in coming bull run, as will significantly boost the whole Solana ecosystem and the activity of developers in Web3. At…