Ethereum L2 Projects Record a Total of $3B in Locked Assets

Recent data shows Ethereum's scaling solutions have locked assets amounting to $3 billion. The data tracks the total value of locked holdings in 17 different Ethereum L2 solutions. Arbitrum leads the list with $2.2 billion assets and a market share of 75%.  A Growing Interest in Layer 2 Projects Within the last seven days, Arbitrum made profits of more than 3000%. The project applies an Optimistic Rollup Technology in its operations. Thus, it allows the communication of smart contracts between Ethereum and Arbitrum's solution. …

Beginners Guide to Total Value Locked in Cryptocurrencies

When contemplating investing in a particular company, a serious investor always wants to know the company's real value beforehand. There are straightforward ways of determining the company's value in traditional finance, like multiplying stock by the unit stock price.  In Decentralized finance, good investors always want to analyze the value of a Defi project before making any decision. How can an investor know the actual value of Defi? The most popular metric used in the Defi world is determining the…

Chainlink Hits Major Milestone as TVL in DeFi Sector Nears $25 Billion

Leading oracles blockchain protocol Chainlink experienced a major surge in its market capitalization in the past 24 hours. Its native token Link briefly surpassed Bitcoin Cash on the coin rankings before a slight retracement at the time of writing. LINK price hits all-time high Chainlink is in the midst of a bull run, with the price of LINK increasing by almost 50% in the past week. The last 24 hours have witnessed a continuation of this momentum, with the price…

Total Value Locked in DeFi Sector Hits Record $17 Billion

The current bullish sentiments in the crypto market have been a major talking point in recent weeks. Bitcoin's bullish trend has led to a ripple effect in the market's decentralized finance (DeFi) sector. Total Locked In Value hits $17 billion The Total Locked in Value has witnessed an exponential increase in the past few days. According to data from DeFi Pulse, the total TVL hit a record high of $17 billion in today's early hours. Looking at the data, over…

SushiSwap The Biggest Winner as UniSwap loses $1,5B (TVL) in 24hours

Decentralized finance (DeFi) platform Uniswap has experienced liquidation of enormous proportion in the last 24 hours. This comes after the protocol stopped providing rewards for liquidity providers, and rival protocol SushiSwap looks poised to take over. Uniswap loses $1.5 billion in Liquidity According to DeFi Pulse data, the drop in liquidity has been particularly sharp for UniSwap in recent days. On November 14, the project still boasted around $3 billion in total value locked (TVL), a DeFi record. However, these…