Price Move
DeFi News
Defiers Are Apeing Into Avalanche Pushing Benqi Finance to $1B in TVL
Avalanche, a smart contracts platform, now has its first DeFi protocol with $1B in total value locked. The protocol, Benqi Finance, launched just four days ago on Aug. 19 and has been distributing $3M in AVAX tokens to users. AVAX tokens are from Ava Labs, the company that created Avalanche, and the distribution is part…
DeFi News
NFT Roundup: Floors Up 2X, Visa Apes In, and a Fidenza Sells for $3.3M
Investor appetite for NFT art and collectibles shows no signs of abating.
DeFi News
ETH Burns and a Price Surge After EIP-1559 Executes
The Ethereum market is on fire, at least proverbially speaking. Over the first eight hours since EIP-1559 was implemented, thus changing the transaction fee mechanism of Ethereum, 2,458 ETH, or $6.9M at ETH’s current price of around $2.8K, had been burned. The proposal, which went into effect with the London hard fork at 8:34 am…
Byte
Ethereum Price Rallies in Lead Up to EIP-1559
The price of Ethereum’s Ether has been rallying in the lead-up to the EIP-1559 upgrade. ETH crossed $2,500 for the first time since June 16 over the weekend — that’s a 47% increase from $1.7K on June 22, the lowest since hitting an all-time high above $4.3K on May 12. Analysts and traders speculate Ethereum’s…
Byte
New DeFi Lending Protocol Alpha Homora is Quickly Catching Up
You know we’re heading into frothy markets when an otherwise unremarkable tweet sends a token flying. Alpha Homora’s token ALPHA jumped by almost 50% to the highest since its launch in October after the DeFi project tweeted on Monday that 0.39% of ETH supply is locked in its smart contracts. That’s $600M, or 11th in…