While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time high (ATH), and OHM is down over 95% since […]

The recent lull in cryptocurrency market prices has been felt across all sectors in the industry, but decentralized finance might be in for an especially harrowing time, according to experts at DApp Radar. All major cryptocurrencies including Bitcoin and Ethereum witnessed double-digit losses over the past week, and experts fear that a bear market has […]

Fantom (FTM) ranks fourth among the largest blockchains in decentralised finance (DeFi) by total…

The post Fantom (FTM) is a massively undervalued ‘multi-billion-dollar L1’ project, says analyst appeared first on Coin Journal.

January 25, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ The Biden administration intends to release an executive order about[...]

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The rate of cryptocurrency adoption is growing at an exponential rate.

The post There could be 1 billion global crypto users by the end of 2022, and more than half will own Bitcoin appeared first on CryptoSlate.

Over the past two years, there’s been a lot of talk and hype about the future of finance, especially across

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Solana, which was somewhat of a star performer in 2021, has suffered a week of turmoil. Solana had identified that its mainnet beta was experiencing high levels of network congestion. Interestingly, this is not the first time this has happened either. Earlier this month, users experienced delays and failure in transactions on Binance as well. […]

January has not been very good for crypto markets, bitcoin fell  24 percent this month while the Total market cap of the crypto market fell by 27 percent. On every blockchain, users are selling their assets. Total value locked (TVL ) on every blockchain has decreased except Fantom. Fantom has crossed Solana, Avalanche, and BSC in terms of TVL. Fantom reached Top 3 in total value locked per chain on @DefiLlama! pic.twitter.com/aJ32eenM0s — Fantom Foundation (@FantomFDN) January 23, 2022   So What’s the Reason Behind users’ Wide Interest in Fantom in Recent Days? Andre Cronje, Founder of Yearn. finance, and Daniele Sestagalli, Founder of Abracadabra, Wonderland. Money and Popsicle.finance is launching a project on Fantom called Solidly (also known as SoildSwap). It allows low-cost, near 0 slippage trades on uncorrelated or tightly correlated assets.  They will be airdropping NFT’s containing the $ROCK tokens. A snapshot has been taken off the top 20 protocols on Fantom by TVL on DefiLlama on 23 January at 7 pm. These 20 protocols will receive NFT’s containing $ROCK tokens. These $ROCK tokens will give voting power and control over SolidSwap. After airdrop, it will be up to the protocols, how they would like to use these tokens. Solid Swap will behave more like an exchange for protocols rather than an exchange for individuals due to its unique tokenomics model called Ve(3,3). Features of this tokenomics model are users who lock their tokens for the most time, will get more voting power, it will follow staking rebasing mechanics like Olympus protocol. The launch of this new innovative DeFi protocol and to receive its tokens in airdrop was the main reason, we saw all protocols on fantom fighting with each other to increase their TVL so that they can be eligible to receive the airdrop. Billions of assets were transferred from other chains to fantom. Protocols on Fantom provide various incentives to its users so that they deposit their assets on their protocol. Thanks to the launch of this DeFi protocol, many users used fantom for the first time and got to know about fast transactions and the low fees of Fantom blockchain. Future will tell how these top 20 protocols will utilize these airdrop tokens($ROCK) and whether SolidSwap with its unique tokenomics model will succeed or not.

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Binance Smart Chain (BSC) is no longer a top 3 decentralized finance (DeFi) chain by total value locked.

The post Fantom is now the third largest DeFi chain by total value locked (TVL) appeared first on CryptoSlate.

The post Make Or Brake Situation For Terra, Polkadot, And Harmony Price! Here’s What Traders Can Expect appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The altcoin market has lost its glory of $1 trillion market cap in the recent crash. Currently, the market leader Bitcoin has been extremely oversold since March 2020. Hence, relief bounce could be somewhere around the corner. However, the bounce could become a trap for the flagship asset and blue-chip cryptocurrencies if volume fails to …

The value locked in decentralized finance (defi) has dropped 21.22% since January 4, 2022. At the time, the total value locked (TVL) in defi was $255.84 billion and today, the TVL is around $201.55 billion. TVL in Defi Loses $54 Billion in 2 Weeks While digital currency markets shed significant value during the last two […]