Aave witnessed a spike in activity as demand for wstETH grows. AAVE’s price continued to decline as whales lost interest.
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DEUS gets exploited by hackers yet again. Massive amounts of funds get stolen from Arbitrum and BNB chain. Activity on Arbitrum gets affected.
Uniswap witnesses a massive surge in activity due to rising interests in memecoins. Activity on the social front for these memecoins continues to surge as DEXes reap the rewards.
Solana’s overall activity surged over the last 24 hours. The protocol also witnessed improvements in the DeFi space as stablecoin growth increases.
Bitcoin
Bitcoin [BTC]: Are global markets entering a liquidity cycle? If so, this is how BTC will react
Bitcoin shows signs of positivity as MVRV ratio reaches new highs. But traders remain skeptical of Bitcoin’s growth.
Binance’s addition of its utility token wBETH to Curve could have negative consequences due to security reasons. Binance responds by stating that the risk has been mitigated, however sentiment continues to decline.
Arbitrum observes a high user retention rate on its protocol as overall ETH savings increase. However, code commits and active developers on the protocol decline massively.
According to Dapp Radar, popular dApps on Avalanche such as Benqi, CelerNetwork, and Beefy Finance, witnessed a decline in unique active wallets on the network over the last week.
Ethereum’s development team continues to add new proposals to the network. Despite high development activity and rising prices, traders are not convinced.
An increase in fees generated on the Bitcoin network through activity from Ordinals and Inscriptions helped miners generate profits. Here’s a look at the current state of BTC mining.
Despite new development on dApps on Polkadot’s network, the activity on the network continued to decline. dApps across all parachains lost users and traction.
Arbitrums’ overall activity surges as GMX dominates the perpetual contracts market. However, ARB token’s price continues to fall.