In a newly published report, leading crypto-assets data provider CoinGecko found that the Decentralized Finance (DeFi) ecosystem registered a 76% decrease in market capitalization over the last quarter. Between April and June, while the entire cryptocurrency market was plagued by a full-on bear run, DeFi market capitalization declined from $142 million to $36 million. AccordingContinue reading “What did Q2 have in store for DeFi’s market performance”

On 14 July, the leading play-to-earn platform, Axie Infinity, announced the launch of its campaign, “Lunacian Summer.” According to the announcement, the campaign, which will span 50 days, will allow gamers to breed limited-edition summer skins for their game characters. Following the campaign launch, for the first time since August 2021, the burn rate forContinue reading “SLP saw a hike in burning rate, but will that really be enough”

Ripple’s XRP closed the week with an interesting jump in its trading volume in the final trading hours of 15 July. As per data from Santiment, the token registered a surge of up to 18.7 billion in its trading volume. Interestingly, despite the late uptick in trading volume on the 24-hour chart, the performance of theContinue reading “Analyzing XRP’s dismaying performance despite a surge in its trading volume”

In the last two quarters, STEPN, the popular move-to-earn project, has had to deal with regulatory sanctions, DDOS attacks, a downturn in the general cryptocurrency market, and a general decline in interest in play-to-earn games. According to data from Dune Analytics, in the last two months alone, the index for the active players on theContinue reading “STEPN: With continued player apathy, here is how the GMT and GST tokens are faring”

In the last quarter, the bloodbath that hit the cryptocurrency market led the prices of many crypto assets to post declines. Since the beginning of Q3 2022, a lot of these crypto assets have shown signs of recovery. With over a 90% price rally since the beginning of the month, Quant Network’s QNT token hasContinue reading “Where does Quant Network stand amid a 90% price rally and significant accumulation of QNT?”

In the last few days, VGX, the native token of the troubled crypto brokerage company, Voyager Digital, took on an upward price rally. Surging by over 100% this week, the price uptick came about due to the short squeeze initiated by investors in the face of the company’s recent troubles. The sudden price boom canContinue reading “Why VGX surged by 100% despite Voyager’s claims of bankruptcy”

In a newly published report, popular analytics platform Nansen assessed the performance of the NFTs market in the second quarter of the year.  Using its NFT indexes, Nansen found that blue chip NFTs recorded an uptick in sales volume in June despite having a gloomy quarter. In the last quarter, there was a significant developmentContinue reading “Nansen’s NFT indexes quarterly report for Q2 can make investors happy”

In a tweet on 14 July, broker and cryptocurrency exchange platform Robinhood announced the addition of Uniswap’s UNI to its crypto trading platform. Following the announcement, the price of the native token rallied by over 20% during the intraday trading session. Well, the token is currently ranked #18 on CoinMarketCap with a market capitalization ofContinue reading “Is Uniswap [UNI] shooting for stars after its listing on Robinhood”

A wise man once said, “to know your future, you must know your past.” In determining whether Bitcoin [BTC] has finally touched its bottom in the ongoing bear market, on-chain analytics platform Glassnode, in a new report, analyzed and compared the characteristics and duration of bear cycles in the past with the ongoing one.  InContinue reading “Bitcoin [BTC] holders should know that the bottom is…”

It is common knowledge that cryptocurrency projects perform periodic coin burning as a deflationary mechanism to reduce the total supply of their coins and drive up their prices. Well, the control of the supply of BNB, the coin that powers the BNB and BSC ecosystems, was initially done through quarterly BNB burns. The quarterly BNBContinue reading “BNB: Evaluating effects of BEP-95 auto-burn on price”

In the face of hacks, exploits, and a general market downturn, the year so far has been tumultuous for decentralized finance (DeFi) and the players within the ecosystem. According to data from DeFi Llama, the total value locked (TVL) across existing DeFi protocols has seen a 68% decline since the beginning of the year. Furthermore,Continue reading “Tron’s TVL tale has these tips for positional TRX traders”

Convex Finance, a DeFi protocol built on Curve Finance, on 30 June, commenced unlocking its CVX tokens. This resulted from limited liquidity to allow for swapping CVX tokens to Ethereum (ETH). According to data from Dune Analytics, following the 30 June unlocking, the next unlock for the vote-locked CVX tokens was scheduled for 7 July.Continue reading “Convex Finance [CVX]: With 14 unlocks left to go, investors can…”