In summary: Timothy Peterson has valued ChainLink (LINK) at between $5 – $8 His analysis is based on LINK function calls and network use This value should not be considered financial advice and is a measure...
DeBank’s “Asset Layer for Social” blockchain looks to tackle costly transaction fees and safeguard layer 1 assets on EVM-compatible chains. The DeFi aggregator said its chain would implement account abstraction at chain level to offer a...
Quick take: The supply of Yearn Finance (YFI) is 700 times lower than that of Bitcoin Like Bitcoin, YFI is valued at the $30k area with a current value of $32,300 The project has lately merged...
Summary: Uniswap Labs has launched a venture unit dubbed Uniswap Lab Ventures Uniswap Lab Ventures (ULV) aims to fund projects focusing on web3 that are aligned with the company’s vision The team at ULV will also...
Quick summary: Ethereum 2.0 validators are currently earning 0.002792 ETH per day This is approximately $1.71 using an ETH value of $613 This translates to approximately 3.2% annual interest when compounded Ethereum has continued to trade...
Gas fees on Ethereum hit their highest point since 2022 amid a Pepe-led memecoin revival.
Quick take: Binance.US has officially announced its support for the Flare Networks snapshot This leaves Coinbase as the only major exchange yet to confirm support for the event Huobi, OKEx and Bitfinex have also announced their...
Summary: Aave-Chan creator Marc Zeller proposed launching the Aave V3 lending protocol on BNB Chain. Zeller suggested deploying on Binance’s DeFi chain with a basket of digital assets as supported collateral including BNB, WBTC, BETH, WETH,...
Quick take: The 2020 hackers of Pickle Finance have laundered 1,800 Ethereum through Tornado Cash Roughly $20 million in the stablecoin of DAI was stolen from the protocol at the time of the exploit Tornado Cash...
Bancor has suspended impermanent loss protection, citing hostile market conditions. The feature will be reactivated when markets stabilize. Bancor is the latest entity to take action as the effects of the bear market grow. The Bancor...
The community behind Aave has voted in favor of a proposal that seeks to use 2 million USDT from the Aave DAO Treasury to acquire 5 million CRV to support the DeFi ecosystem.
Quick take: Binance CEO, CZ, has hinted that he will purchase 32 ETH He explained the Ethereum will be used to support ETH development 32 ETH is the minimum staking requirement on ETH2.0 ETH2.0 needs at...