TVL

Blockchain platform Algorand achieved notable gains in key metrics during the year’s first quarter (Q1), aligning with the overall upward trend observed in the crypto market ecosystem.  However, despite this growth, its native token ALGO experienced a 22% price decrease since the beginning of Q2, putting a critical support line to the test and raising questions about the cryptocurrency’s prospects. Algorand Revenue Skyrockets According to a report by Messari, Algorand’s revenue witnessed a substantial 1,747% quarter-on-quarter (QoQ) surge, primarily driven…

Decentralized application (dApp) platform Near Protocol exhibited notable growth in key metrics during the first quarter (Q1) of 2024, driving its native token NEAR to reclaim a crucial key level and paving the way for a potential retest of its all-time high (ATH) from January 2022.  According to a recent report by Messari, NEAR experienced significant increases in market capitalization, revenue, active addresses, and Total Value Locked (TVL), solidifying its position among the top players in the cryptocurrency market. NEAR…

[PRESS RELEASE – Dubai, UAE, May 2nd, 2024] NB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, today shared its report on the performance of BNB Chain in Q1 2024. It highlights the key growth metrics and updates for BNB Chain’s Layer 1 (L1) BNB Smart Chain (BSC), its L2 opBNB, the decentralized storage solution BNB Greenfield, and security measures. In Q1 2024, the average Daily Active Users (DAU) on BSC increased by 27.3% Quarter-on-Quarter…

For crypto investors, the last several weeks have been a rollercoaster, with many assets seeing price dips and failing to post meaningful gains. The short-term outlook is bleak, despite some analysts’ continued optimism on the market’s long-term prospects. Halving Hype Fades Even the granddaddy of cryptocurrencies, Bitcoin (BTC), hasn’t been immune to the market downturn. Currently trading around $63,400, BTC is down 5% in the past day and a staggering 13% from its all-time high of over $73,000. This sluggish…

The XRPL Automated Market Makers have seen a marked increase in the total value locked (TVL), surpassing over 7 million XRP.  SOLO/XRP pool has the largest share of TVL among XRPL AMM pools, in the amount of over 1,000 000 XRP, equal to $911,600.  The XRPL (XRP Ledger) Automated Market Makers have seen a marked increase in the total value locked (TVL), surpassing over 7 million XRP. The DeFi analytics tool DeXfi data showed that the total value locked (TVL)…

George Town, Grand Cayman, April 23rd, 2024, Chainwire Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months.  As Zircuit forges ahead towards mainnet, the ZK rollup’s staking program is rapidly gaining momentum, attracting over $2B TVL in a short 2 months. Zircuit Staking allows users to earn Zircuit Points by depositing assets that can then be migrated to Zircuit's mainnet upon launch. Users…

Toncoin, of the TON network, has captured the attention of the cryptocurrency community as its Total Value Locked (TVL) surpasses a staggering $148 million, marking a historic milestone. This meteoric rise, reported by DefiLlama, showcases an almost threefold increase in just one month and a jaw-dropping tenfold surge over the course of a year. As of the latest update, TON’s TVL stands firm at slightly over $146 million, underscoring its growing prominence in the decentralized finance (DeFi) landscape. Unprecedented Growth…

The post Base’s Breakthrough: How Coinbase’s Layer-2 Network Surged to $4 Billion in TVL appeared first on Coinpedia Fintech News Base, Coinbase’s Layer-2 network, shocked the crypto market last week with a surge in its total value locked (TVL), exceeding $4 billion for the first time. Interestingly, This week it has become a significant contributor to the company’s profits, estimated at $26 million in net profit since its launch in July 2023. Base’s robust transaction volumes and fees, driven by…

Marginfi's CEO resignation amidst controversies and disputes with Solana-based projects has triggered a significant outflow of funds, reflecting a crisis of confidence within the Solana DeFi ecosystem. MarginFi CEO Resigns  Solana is in the news again, this time over a controversy over a lending protocol based on the blockchain called MarginFi. In a significant shake-up within the Solana DeFi ecosystem, Edgar Pavlovsky, CEO and founder of MarginFi, has stepped down, sparking controversy and causing a substantial outflow of funds totaling…