Ethereum Layer-2 Network Base TVL Doubles
Achieving a secured value of $2 billion on Coinbase’s Base network was accomplished in 25 days, compared to 203 days to reach $1 billion. Layer-2 Ethereum network In less than a month, Base’s total value locked (TVL) has increased twice, reaching $2.13 billion. Analysts speculate that the platform may emerge as the subsequent hub for […]
Live Ethereum Dencun Upgrade Pulls ARB, OP and MATIC up
And so it happened! The Dencun upgrade on the Ethereum blockchain has been successfully implemented, significantly impacting the performance and valuation of tokens associated with layer-2 scaling solutions such as Arbitrum, Optimism, and Polygon. Arbitrum, a leading force in Ethereum’s layer-2 scaling ecosystem, witnessed remarkable growth around the time of the Dencun launch. The platform’s […]
Ethena Becomes Highest Earning Decentralized Application in Crypto
According to Seraphim Czecker, director of growth at Ethena Labs, Ethena has surpassed $6.8 million in daily cumulative revenue over the past week, becoming the highest-earning decentralized application (DApp). Tron and Ethereum were the sole blockchains to have generated funds exceeding Ethena’s—$38.6 million and $182.5 million daily cumulatively over the preceding seven days, respectively. At […]
Optimism Foundation Sells $90M Worth of Tokens in Private Sale
Optimism Foundation disclosed that it sold approximately 19.5 million of its governance tokens at $4.62 and a total of $90M in a private deal. At the time of writing, the market value of Optimism (OP) tokens is approximately $4.62, placing their total worth at roughly $90 million. The foundation’s announcement regarding the sale of a […]
CFTC Chair Contradicts SEC on Prometheum’s Ethereum Custody
Concerns have been raised by CFTC Chairman Robert Behnam regarding Prometheum’s request to the SEC for the custody of Ethereum as security. Contrary to the Securities and Exchange Commission (SEC), the chief of the commodities regulator has disputed Prometheum’s Ethereum (ETH) assertions. Permitting one of its registered firms to hold Ethereum in custody, he cautioned, […]