Flamingo (FLM) TVL rises as Ethereum gas solutions remain elusive
Flamingo’s total value locked continues to rise as DeFi investors are attracted to the platform's zero-fee transactions and high-yield liquidity pools. Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on the Ethereum (ETH) network. As a result, yield farmers have begun exploring options outside the Ethereum network for more accessible opportunities in a low fee environment.One option that has shown steady growth in liquidity since launching is....
Related News
Bitcoin’s recent surge above $94,000 has brought a wave of bullish momentum across the crypto market. However, this rally has yet to gain real traction beyond $95,000. This elusive behavior is part of a wider trend that has seen the anticipated Bitcoin’s 5th wave breakout above $100,000 remain elusive. Bitcoin’s 5th Wave Appears To Be […]
Flamingo’s (FLM) rally to a new all-time high is backed by record trading volume, increased governance capabilities and DeFi users searching for Ethereum alternatives. Decentralized finance is rapidly becoming a cornerstone of the cryptocurrency sector but the ecosystem has become increasingly centralized on the Ethereum network and this is causing the entire sector to be plagued by high gas fees and slow transaction confirmations.Average Ethereum gas price. Source: EtherscanThis explosive rise in gas fees is leading users to look for other options and one alternative is Flamingo finance.....
The “ultrasound money” meme has been running in Ethereum based circles for some time, gaining momentum as the asset rises and rises in value during this bull market. While it is considered a joke by many, like a myriad of memes, it hides a very complex array of factors that contribute to Ethereum’s newfound status. However, it is not without its critics from the Bitcoin side. The ‘Ultrasound Money’ Meme Explained If you have mingled in inner Ethereum cryptocurrency circles, you probably have heard the words “ultrasound money,” used as a meme to....
Five US states issued simultaneous cease-and-desist orders against an allegedly Russian-affiliated metaverse casino on Wednesday. Five state securities regulators issued emergency orders to the Flamingo Casino Club, a virtual casino, to immediately stop selling non-fungible tokens. The simultaneous filings by agencies in Texas, Wisconsin, Kentucky, Alabama, and New Jersey accuse the Flamingo Casino of launching […]
Ethereum is showing resilience in the current market, holding above the $4,500 level after weeks of steady momentum. The second-largest cryptocurrency has maintained a bullish structure, but buyers are now struggling to break past the $4,750 resistance zone, a level that has become a critical short-term test. While fundamentals remain solid, the hesitation at this […]