Compound has become the number one DeFi protocol by value locked. Compound had already been leading in terms of liquidity supplied—with over $15 billion deposited at the time of writing—but lagged behind MakerDAO in TVL. And one notable wallet recently made a significant contribution to those assets. The reason for this difference boils down to the …
Compound Assets Locked Jump After Single Whale Deposits 629k ETH Read More »
As prices retrace across the board in crypto, it is helpful to analyze fundamentals and assess to what extent have prices and fundamentals changed. Leveraging key on-chain indicators from IntoTheBlock, it is evident that Ethereum’s demand and store of value proposition continue to grow, unaffected by the recent price volatility. Ethereum’s fees have been notoriously …
Uniswap continues to grow both in fundamentals and price action. In spite of a macro correction, where the Nasdaq retraced over 10% and Ether 30%, UNI and other DEX tokens continue to outperform. With the Coinbase IPO closing in and the $1.9T stimulus approved, the perfect storm may be brewing for DEX tokens. UNI and …
DEX Tokens Record Bullish Activity Amid Major Catalysts Read More »
Having been some of the highest-performing assets in 2021, DeFi tokens experienced a sharp correction this week. The aggregate market crap in DeFi governance tokens managed to drop approximately 30% from $41 billion to $28 billion within three days. As of February 25, 2021 using IntoTheBlock’s DeFi Insights Although the market has recovered significantly over …
Aave continues to surpass expectations from an investment standpoint and in terms of progress in the underlying protocol, but on-chain data shows holders may be preparing to take profits. Aave recently achieved over $5 billion in total value locked, becoming only the second protocol to achieve this feat. Having nearly doubled in TVL within a …
Aave Defies Expectations But May Be Getting Overheated Read More »
