Author: NBTC
Lending was one of the growth apps for TRON (TRX), boosting the chain’s locked value. JustLend was one of the busiest smart contracts, drawing in 55% of all value locked on the TRON network. TRON (TRX) increased its lending exposure in 2024, following the expansion of DeFi on all chains. JustLend was one of the growing apps for the past 12 months, ending up with 55% of the total value locked on the chain. TRON locks in a total of $7.36B in its decentralized protocols, including lending and DEX. The chain still hosts more than $60B in stablecoins, which also…
The booming stablecoin market hit another milestone Wednesday, crossing the $200 billion total market value mark for the first time ever as demand accelerates and adoption expands for the assets. The asset class as a whole added $10 billion market value in only two weeks since it surpassed the 2022 bull cycle record of $190 billion, according to CCData and DefiLlama. Stablecoins are cryptocurrencies designed to hold a steady price, predominantly pegged to the U.S. dollar. They are a key piece of infrastructure for the digital assets space, serving as the main source of liquidity for trading crypto assets on…
A historical development in Web3 as WOW EARN, a leading Web3 application platform, has allied with MEY Network. In this context, this partnership will seek to revolutionize content monetization and ownership in the digital world built on blockchain technology. 🎉 A Revolutionary Partnership! 🎉We are thrilled to announce our collaboration with @MEYNetwork 🚀🔑 About MEY Network:✅ Empowering content creators through blockchain technology✅ Decentralized and transparent content monetization✅ Cutting-edge NFT solutions for… pic.twitter.com/P9MUPDsEZe — WOW EARN (@WOWEARNENG) December 21, 2024 Empowering Creators Through Blockchain Fundamentally, the MEY Network’s vision is to be a platform for empowering content creators. As a result…
Bitcoin’s climb past $100,000 has brought on a new set of new crypto analyses, with observers drawing parallels to global economic benchmarks, asset classes, and historical financial events. These discussions seek to contextualize Bitcoin’s rise and assess its potential trajectory. For instance, Bitcoin’s market capitalization, now nearing $2 trillion, is being compared to leading global corporations like Apple and Microsoft. Its volatility has been likened to commodities such as gold and oil, with analysts debating its potential as a hedge against inflation. Additionally, some argue Bitcoin could disrupt traditional banking systems, highlighting its role in reshaping global finance. Bitcoin’s Growth…
Money market Aave and liquid staking protocol Lido surpassed $70 billion in net deposits in December for the first time, according to data from TokenTerminal. As of press time, the two largest DeFi protocols hold a total $67.42 billion. Aave leads with $34.3 billion in deposits, just $1.1 billion higher than Lido’s. The net deposits directed at these two DeFi heavyweights represent 45.5% of the $148 billion allocated to the 20 largest decentralized applications. However, regarding total value locked (TVL), Lido leads the DeFi ecosystem with $33.8 billion, with Aave coming in second with $20.6 billion. Net deposits represent the…
Ethereum price extended losses and dropped below the $3,550 zone. ETH is showing bearish signs and might decline further below the $3,150 level. Ethereum started a fresh decline below the $3,550 zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $3,550 support zone. Ethereum Price Drops Below $3,550 Ethereum price struggled to start a fresh increase above the $3,550 level…
ApusCoin, a prominent meme coin, has embraced the Cross-Chain Token standard in collaboration with Chainlink. The adoption of the Cross-Chain Token standard aims to make ApusCoin ($APU) cross-chain native through the Cross-chain Interoperability Protocol of Chainlink. Chainlink took to social media to disclose this significant integration. .@ApusCoin has adopted the Cross-Chain Token (CCT) standard—a secure framework to make any token cross-chain native via Chainlink CCIP.Now, APU can be securely transferred across @arbitrum & @ethereum, with more chains coming soon. pic.twitter.com/KZl8CbShhn — Chainlink (@chainlink) December 21, 2024 ApusCoin Embraces Chainlink-Powered CCT Token Standard for Secure Cross-Chain Transfers As per Chainlink, the…
The Central Bank of Chile recently stated that it could not add bitcoin to its reserves, as this crypto asset fails to comply with the requirements to be included as a bank investment. Central Bank of Chile Would Not Add Bitcoin to Its Reserves The debate about bitcoin as a reserve asset and the issue of strategic bitcoin reserves has arrived in Chile. Given the topic’s relevance, the local Chilean press probed the central bank on its opinion to assess the possibility of this happening in Chile at some point in the future. The Central Bank of Chile outright denied…
In the last 24 hours, there was remarkable trading volume in the NFT market, where Azuki was top of the chart with a trading volume of $2.51 million. Azuki has received much praise for its anime-like art style and large and passionate fan base, and it sold 66 NFTs as well. Such an increase proves that demand for premium quality digital assets continues to drive the collection’s success. #NFT MARKET OVERVIEW TOP COLLECTION #Azuki – 24H Volume $2.51M… pic.twitter.com/sqLupKjNrZ — PHOENIX – Crypto News & Analytics (@pnxgrp) December 23, 2024 Pudgy Penguins Takes Second Spot with $1.91 Million Pudgy Penguins,…
At the start of this year, the dominance of Ethereum was around 16.96%. In late February, it touched an yearly peak of 19.28%. In mid-May, it plummeted to a low of 15.42%. Just before the launch of Ethereum spot ETFs, it rebounded to a peak of 18.8% in mid-June. However, since the launch, the ETH dominance has steadily dropped by around 5.42%. The big question now is: Can the year 2025 bring a turnaround? Bitcoin Dominance Overshadows Ethereum and Altcoins Since the start of this year, the Bitcoin market has climbed by over 115.76%. At the beginning of this year,…