Day: February 4, 2021

Foundation Upgrades With Massive NFT Auction

Foundation added 100 new NFTs to auction as its V2 upgrade went live yesterday afternoon. The launch featured 1/1 drops running as 24 hours auctions, most starting at 1 ETH reserves with first edition items like Robbie Tilton’s Fire Sword leading the way at 5 ETH at the time of writing. “Foundation is bringing digital …

Foundation Upgrades With Massive NFT Auction Read More »

Rarible Raises $1.75M to Become the “Uniswap for NFTs”

Rarible, the community-owned non-fungible-token (NFT) marketplace, announced a $1.75M seed round from investors including 1kx, ParaFi Capital, Coinbase Ventures, and Coinfund. Rarible token RARI jumped 60% to $8 on the news yesterday. Rarible intends to use the funds to develop a decentralized autonomous organization (DAO) structure which facilitates NFT trading. Central to the structure will …

Rarible Raises $1.75M to Become the “Uniswap for NFTs” Read More »

DeFi Prices Ride the Elevator; Users Take the Stairs

It’s buy everything season in DeFi land. But while everything blows up, actual users are climbing at a slower pace. Ethereum is at an all-time high of over $1,630, as is the DeFi Pulse Index, which tracks major DeFi token prices. Total value locked (TVL) in DeFi just climbed above $30B, also a record. DEX …

DeFi Prices Ride the Elevator; Users Take the Stairs Read More »

LINK Re-Enters Price Discovery Mode Above $25

The LINK marines are pushing all time highs again as whales hoard token supply and LINK balances on exchanges keep dwindling. Per data from Glassnode, the top 1% of LINK addresses have continued to accumulate the token all throughout 2020 and into 2021. At the time of publishing, the top 1% of addresses have acquired …

LINK Re-Enters Price Discovery Mode Above $25 Read More »

Battle of the DeFi Lending Giants: Aave Closing in on Compound

Compound has reigned supreme as DeFi’s most popular lending protocol since its inception in 2018, but according to recent data trends, Aave has a fighting chance to take its crown.  Price-wise, AAVE has massively outperformed COMP since the beginning of 2021. COMP started the year around $145 while AAVE was around $88. As of Feb. …

Battle of the DeFi Lending Giants: Aave Closing in on Compound Read More »