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 »
Yearn Finance token holders voted for the protocol to mint 6,666 new tokens, prioritizing the implementation of a funding model for contributors over keeping a hard cap. Holders of 1.66k YFI (83.4%) voted “yes,” compared with 330.5 YFI (16.6%) voting “no,” on the off-chain governance tool Snapshot. In a recent proposal, Yearn Finance laid out …
As Ethereum pushed past an all-time, DeFi too, broke away from the rets of the crypto market. Defi tokens make up four f the top 10 gainers over the last seven days, and 10 of the top 25. The top DeFi gainer has been lending protocol Aave, up 35% over the last week. Decentralized exchange …
Just over 20 days into 2021, crypto markets have already seen years worth of price action in traditional market’s standards. Though it has been a volatile couple of weeks, there are some clear patterns emerging in the top performing large cap crypto-assets. Crypto-Asset (Ticker) Token Category YTD Return 7-Day Return Avalanche (AVX) Smart Contract Platform …
DeFi Tokens & ETH-Killers Lead a Risk-On Market in 2021 Read More »
The Link marines are on the backfoot after last week’s flash crash to $7 pushed investors towards a risk-off stance. The cryptocurrency trades just under a pivotal $12-$13 order block, signaling that the market wipe might not be over yet. Seller’s Market Chainlink entered a sellers’ market on Dec. 23 as the altcoin succumbed to …
LINK Not Out of The Woods After Flash Crash Rebound Read More »
