DeFi

As per data presented by crypto reporter Colin Wu, the transaction volume of the Yuga Labs series has gone down, especially in the last 24 hours. He further mentioned in his tweet that Otherdeed, MAYC, and BAYC have witnessed a drop of 44%, 41%, and 30% respectively. As per statistics on OpenSea, the trade volumeContinue reading “What this rising correlation between crypto & NFT prices can mean for investors”

MakerDAO over the last month has noticed a significant reduction in the total value locked on the protocol, reducing from $17 billion to $12 billion as of today. Now while the broader crypto market has been taking a hit, Maker, in particular, has seen the worst of it. Maker makes a mess After falling byContinue reading “Maker [MKR]: With investors losing over $31.4B in a day, here’s what to expect next”

Avalanche just announced that it is diving into metaverse development through a $290 million incentive program. The announcement reveals how Avalanche intends to venture into its next growth phase not just to stay competitive but also to thrive as a network. Another metaverse on the way! Avalanche earned a stop in the list of topContinue reading “With Avalanche [AVAX] diving into the metaverse, is a recovery on the cards”

ALGO pumped by more than 30% last week courtesy of Algorand’s major development. The network revealed a partnership that would make it FIFA’s official blockchain. The announcement might just be the start of a robust growth phase for ALGO but is it big enough to push it back to its previous ATH? Stepping up theContinue reading “Will the Algorand-FIFA partnership add that special spice to trigger a recovery”

The semi-dynamic earn rate, which was the solution offered by Anchor to recuperate the losses inherited from the lack of borrowing on the protocol, seems to have backfired today. After keeping the APY maintained at 19-20% since its inception, the protocol finally reduced it to 18% at the beginning of this month.  But as itContinue reading “As Anchor protocol sees reduction in APY, here’s what it needs to jump back”

Tron’s native cryptocurrency TRX delivered an impressive weekly rally despite the market wide sell-off that has taken place in the last 4 days. However, it looks like TRX might be about to give into the selling pressure given the strong pullback it registered in the last 24 hours. TRX rallied by roughly 43% from itsContinue reading “Tron: As TRX falls prey to market wide sell-off, here’s what to look out for”

Terra achieved more than anyone’s expectations this year after setting multiple records across the crypto space, but the turn of events in the last few days have, for the first time, rocked the steady sailing of the DeFi chain. Terra takes a break In the last 48 hours, Terra has made some significant strategic developments.Continue reading “Terra [LUNA] loses $6 billion in TVL in under two days thanks to this…”

OpenSea, one of the largest NFT marketplace saw an unprecedented surge since its inception. That said, this rise saw different hiccups on the way that did hinder its growth. Why always me? The official OpenSea Discord hacked and posted a link to a phishing site in partnership with YouTube. Scammers hacked the main OpenSea DiscordContinue reading “Latest phishing attempt on OpenSea, here’s what investors need to be wary of”

The month of April not only demolished the March rally but was also responsible for the price bottoming of most of the cryptocurrencies. Decentraland’s MANA suffered too along with the rest of the market and recorded a new low a few days ago. Decentraland submerged? The Metaverse token has dabbled in the oversold region quiteContinue reading “Decentraland [MANA] presents a strong case for recovery thanks to…”