Aave V3, the latest version of the decentralized lending protocol, has reached a significant milestone, crossing $10 billion in total value locked (TVL) on the Ethereum network. This impressive growth represents a 197% increase from its starting point of $3.36 billion at the beginning of 2024, underscoring Aave’s position as […]
Tag: TVL
August 2024 Layer 2 Report: Key Highlights And Trends
August 2024 has been a dynamic month for Layer 2 platforms, with notable shifts in total addresses, transactions, and total value locked (TVL). Leading the charge in unique addresses are Optimism, Base, and Arbitrum, while Base and opBNB excel in transaction volume. Unique Addresses and Growth Optimism (162.5M), Base (113.3M), […]
Real World Assets In DeFi: A $3.76 Billion Milestone
As of July 2024, the Total Locked Value (TVL) for Real World Assets (RWA) in DeFi protocols has reached an impressive $3.76 billion. This milestone underscores the growing integration of tangible assets into the DeFi ecosystem, bridging the gap between traditional finance and decentralized finance. The market capitalization of all […]
Ethena Labs: Impressive TVL Growth Driven By Strategic Milestones
Ethena Labs has emerged as one of the standout projects in the crypto space this year, showcasing remarkable growth in Total Value Locked (TVL). The project has achieved significant milestones, reflecting a staggering +875% increase ($2.11 billion) in TVL over just 57 days, followed by an additional +57% ($1.3 billion) […]
Base Sees Unprecedented Surge In Daily Activity And Transactions
Over the past week, the Base blockchain has experienced a significant surge in activity. Yesterday, Base recorded an impressive 1,220,883 daily active addresses, more than doubling the activity of other Layer 2 platforms like Arbitrum, which had 494,214 active addresses, and Optimism, which had 445,222. Base Surges in Daily Activity […]
Real World Assets Surge In Value: Maker RWA Leads The Market With $3.37 Billion TVL
The Total Value Locked (TVL) in Real World Assets (RWA) has seen remarkable growth, with Maker RWA dominating the market, reaching a peak of $3.37 billion in 2023. Ondo Finance holds a strong second place in TVL, maintaining a range between $154 million and $203 million. MatrixDock and Solv Funds […]
Avalanche Reports Impressive Growth In Q1 2024 Financial Report
According to the Q1 2024 financial report released by Avalanche, the blockchain platform has demonstrated significant growth across various metrics, indicating a robust performance in the first quarter of the year. In terms of revenue, Avalanche generated a total of $7.5 million in fees and revenue, marking a remarkable fourfold […]
Arbitrum Token Experiences Price Correction Amidst Concerns About Token Unlock And Massive Sell-offs
The native token of Arbitrum, a blockchain network designed to enhance scalability for Ethereum, has recently encountered a significant price correction. With the token’s value dipping to $1.84 in the past 24 hours, marking a 9% decline, investors have been closely monitoring its performance. At the time of writing, there […]
$SUI Emerges As Top Gainer With TVL Surging To $263M On CMC
In the past week, SUI has seen fluctuating prices but generally an upward trend, backed by robust support levels and expectations of continued market volatility. Within the tech sector, SUI is gaining prominence, notably with recent developments like BitMateX’s introduction of the SUI public chain and collaboration with Karrier One. […]
MetisDAO’s Ecosystem Sees Strong Momentum and TVL Surge In 2023, Price Reacts
MetisDAO has experienced a substantial surge in its ecosystem, marked by strategic moves, particularly the introduction of a $360 million incentive program. The Ecosystem Development Fund (EDF), recently disclosed by the MetisDAO Foundation, amounting to 4.6 million METIS (which is equivalent to over $360 million), stands out as a pivotal […]
Blast L2 Achieves Significant Milestone With $1.1 Billion TVL
Blast, an upcoming Ethereum layer 2 platform, is generating buzz following its exclusive early access event, anticipating a public launch of the completed platform in February 2024. Recent data from Spotonchain indicates a major milestone for Blast_L2, reaching a total value locked (TVL) of $1.1 billion. A substantial amount, equivalent […]