TVL

Edgar Pavlovsky, the founder of MarginFi, announced his resignation on Wednesday following an internal dispute within the protocol’s builder, Mrgn. Pavlovsky’s abrupt exit resulted in withdrawals from investors, causing MarginFi’s Total Value Locked (TVL) to plummet by $120 million. Uninterrupted Operations Pavlovsky announced his resignation from MarginFi, expressing dissatisfaction with internal and external practices. He stepped away from all aspects of MarginFi, including working on the protocol and its research arm. I resigned from mrgn today. From working on marginfi,…

The burgeoning world of Decentralized Finance (DeFi) has witnessed a rollercoaster ride for newcomer Sui, a Layer 1 blockchain designed to scale DeFi applications. After a stellar start to 2024, Sui’s Total Value Locked (TVL) – a metric reflecting the total value of crypto assets deposited in its DeFi protocols – surged to a record $724 million in late March. However, this celebratory moment proved fleeting, as the platform has since experienced a downward trend. SUI TVL Takes A Tumble…

Bitcoin (BTC) has shown an impressive performance in the first quarter (Q1) of 2024, as highlighted in a recent report by market intelligence data research firm Messari. The research firm finds key factors contributing to Bitcoin’s price increase, market cap dominance, and the emergence of new trends in the cryptocurrency ecosystem. Inscription Activities Drive Bitcoin Fees Up Analyzing the key figures detailed in the report, Bitcoin’s price experienced a significant increase in Q1 2024, rising 68.78% quarter-over-quarter (QoQ) to reach…

[PRESS RELEASE – Estonia, Tallinn, April 4th, 2024] Decentralized credit protocol Soil has ambitions to reshape the global investment and stablecoin yield generation landscape. With its unique blockchain-based infrastructure, the recently-launched protocol provides seamless access to the lucrative Real World Asset (RWA) market, catering to both institutional investors and individual participants. Soil’s recent milestones and strategic partnerships underline its readiness to capture, in particular, a share of the $14 trillion corporate debt market. Last October, the protocol conducted a successful…

Since the turn of the year, Hedera has recorded a 146% growth in DeFi total value locked (TVL), with SaucerSwap leading the push following the launch of its V2 protocol last November. Meanwhile, HBAR price has shot up from $0.085 at the start of the year to $0.116 at press time, and with DeFi and USDC integration on Hedera thriving, the token is set for bigger gains this year. It has been a year in which crypto ecosystems have thrived,…

Solana’s blockchain sees significant trading volume surge, led by memecoins like Slerf and Boom of Meme, hitting a two-year high. Total Value Locked (TVL) in Solana surpasses $4.14 billion, indicating robust growth in its web3 ecosystem. According to Bloomberg’s recent report, the rally in memecoins is significantly boosting Solana, a cryptocurrency that narrowly survived the fallout of Sam Bankman-Fried’s FTX exchange collapse. This resurgence is marked by an unprecedented rise in trading volume on Solana’s blockchain, with memecoins such as…

Base, Coinbase’s layer-2 blockchain initiative for reducing Ethereum transaction fees, seems to be witnessing massive demands of increased network activity. As a result, its TVL also rose sharply, hitting a new milestone, surpassing $2 billion this week. One of the major reasons for the surge in activity of Base was the activation of the Dencun upgrade. Base’s TVL Growth According to data from L2Beat, Base’s current TVL stands at $2.27 billion, increasing by over 230% YTD. Over the past seven…

Recent data shows Ethereum's scaling solutions have locked assets amounting to $3 billion. The data tracks the total value of locked holdings in 17 different Ethereum L2 solutions. Arbitrum leads the list with $2.2 billion assets and a market share of 75%.  A Growing Interest in Layer 2 Projects Within the last seven days, Arbitrum made profits of more than 3000%. The project applies an Optimistic Rollup Technology in its operations. Thus, it allows the communication of smart contracts between Ethereum and Arbitrum's solution. …

When contemplating investing in a particular company, a serious investor always wants to know the company's real value beforehand. There are straightforward ways of determining the company's value in traditional finance, like multiplying stock by the unit stock price.  In Decentralized finance, good investors always want to analyze the value of a Defi project before making any decision. But how can an investor know the actual value of Defi? The most popular metric used in the Defi world is determining…