DeFi Report: Ethereum reclaims 42% Solana outflows
DeFi Report founder Michael Nadeau outlined that most Ethereum value moved to layer 2s, which would drive value to the layer-1 blockchain. While Solana has received inflows from other blockchains, a significant portion of that value has flowed back to Ethereum, according to Michael Nadeau, founder of The DeFi Report. In an X post , […]
Pyth Flips Chainlink in 30-Day Volume, Chronicle CEO Comments
Pyth Network’s pull-based model has resulted in significant transaction volumes, adding to Oracle’s competition with Chainlink. Pyth Network, a leading Oracle provider, has recently surpassed Chainlink in 30-day transaction volume despite holding a lower total value secured (TVS). This change could be due to Pyth’s unique pull-based Oracle model, which delivers data upon request rather than […]
Monthly NFT Sales Drop Below $400M, Hitting Yearly Low
The monthly NFT sales experienced a significant decline in August 2024, falling to $374 million, the lowest this year. Non-fungible token (NFT) sales saw a monthly volume of $374 million in August, continuing their downward trend and marking the lowest sales month of 2024. This is the first time this year that the volume of digital […]
Bitcoin Hits Extreme Fear on Aug. 5 with $168M ETF Outflow
This significant decline was triggered by Bitcoin and Ether’s sharp value drops and broader market turmoil. On August 5, US spot Bitcoin exchange-traded funds reported outflows of $168.4 million in trading, causing the Crypto Fear & Greed Index to just dip into the “Extreme Fear” zone for the first time in two years. Bitcoin Hits […]
US Tokenized Treasuries Increased By 641% In 2023 – Report
CoinGecko data tracker for digital assets reports that tokenized treasuries in the United States experienced a 641% growth worth $845 million in 2023, with the participation of conventional finance institutions. CoinGecko released its 2024 report entitled “Rise of Real World Assets in Crypto” on March 21. The report provided an overview of tokenizing real-world assets […]