DeFi

The wider Ethereum [ETH] NFT market did not note any spine-tingling milestones recently, despite the altcoin hitting $2,000. In fact, sales volumes across ETH NFTs saw a 3.38% fall over the last 24 hours, according to CryptoSlam. However, there was some eye-catching activity in the same ETH NFT market. No, it was not about CryptoContinue reading “8liens sweeps NFT market WITH 253% surge, but what of CryptoPunks, BAYC”

With the Ethereum Merge just a few weeks away, happenings around the number one protocol facilitating the staking of ETH – Lido Finance – have become more interesting. Data from Santiment revealed that over the last few months, Lido’s native token, LDO, exhibited divergences in some of its on-chain metrics. In fact, according to Santiment,Continue reading “What these divergences mean for LDO’s waning buyers’ interest”

The DeFi Pulse Index (DPI) is one of the most preferred options of investment in the DeFi space, thanks to the underlying tokens. But as the market changes, their performance varies as well. Thus, leading to some changes in these assets with the hopes of improvement over time. But the question is- Can the mostContinue reading “DeFi Pulse Index to register a 105% rally? FARM factor has answer”

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”

According to journalist Colin Wu, there has been a rampant boost in sales volume for some of the market’s famous derivative projects. Bored Ape Kennel (BAKC) and CryptoPunks registered significant hikes over the last 24 hours. Ergo, it’s worth answering the following Q – What is happening with BAYC? Tick tick boom! BAKC’s trading volumeContinue reading “Punks and Dogs – Here’s what’s doing well in the NFT market”

The DeFi Pulse Index (DPI) is a Decentralized Finance assets index that tracks the underlying tokens’ performance. Based on the changes noted in these DeFi tokens, the value of the DPI is set. This, surprisingly, hasn’t strayed much from the broader market trend. The DeFi Pulse Index The DPI fell victim to the broader market’sContinue reading “Up by 48%, should the DeFi Pulse Index thank UNI instead”

Uniswap [UNI] is back in the news after the token resurged amid the ongoing market recovery. The largest DeFi exchange has signs of northern movement since the start of the week. It seems like UNI’s focus is to end June on a high note after looking at the price trajectory in the last few days.Continue reading “Uniswap: Why there’s more to UNI than just a 55% surge last week”

WAVES saw some ripples in its price action over the weekend after re-testing support near the $4.20-price level. Those ripples eventually turned into a strong bullish wave, one propelling the altcoin into the list of top gainers for this week. WAVES hovered just above its current structural support around $4.20 during the weekend after lastContinue reading “WAVES makes a big splash, but here’s why volumes could be key”

Convex Finance is a DeFi protocol built on Curve Finance and aims to reward liquidity providers and those who stake Curve Finance’s native token, CRV, with additional yields. According to data from Curve Finance, at the time of press, the exchange’s pool for Convex CVX tokens stood at 9,639.54 wETH ($10.57 million), which was availableContinue reading “Convex Finance: First token unlocking and metrics to make winning trades”