Devs ditching old ‘Ethereum killers’ for DeFi, NFTs and newer chains: Report
Developers are switching their efforts to DeFi as it takes a larger slice of the crypto market. Software engineers and developers are slowly switching their attention from layer-one blockchains once dubbed ‘Ethereum killers’ to the ever-increasing number of new decentralized finance protocols.A February Blockchain Development Trends report by venture capital firm Outlier Ventures suggests that developers are switching their focus away from Ethereum rivals.The findings confirm that over the past twelve months, Ethereum remains the most actively developed blockchain protocol, followed by....
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Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result.
Nansen Puts 2021 in Review
Nansen, a blockchain analytics firm backed by Coinbase Ventures and a16z, has presented a report about the behavior and growth that decentralized finance and NFTs experienced in the last year. The....
NFTs on both the Ethereum and Solana chains have been gaining popularity over the past year. The trading of jpegs on the blockchain was the new shiny thing that had quickly gained acceptance from investors all over the place. This brought millions of users into both chains. However, as time has gone on, competition has […]
Nansen CEO Alex Svanevik said that while many chains will become ghost towns after the Merge, some will be able to find their own niches. Cointelegraph’s Brian Newar spoke with Alex Svanevik, the CEO of blockchain data firm Nansen at the Korea Blockchain Week (KBW) 2022 held in Seoul and discussed topics like the upcoming Ethereum (ETH) Merge and how it will affect other blockchains. According to Svanevik, the industry witnessed a spillover effect in the last bull run. He said that in trading nonfungible tokens (NFTs), newcomers in the blockchain space didn't want to pay hefty transaction....
According to DeFi Llama, the Total Value Locked (TVL) across all networks is closing in at a record $180 billion, with the Ethereum network accounting for the vast majority of this. The data includes valuations from Ethereum, Polygon, Solona, Fantom, Terra, Avalanche, Binance, and other less prominent DeFi chains. Ethereum accounts for $131 billion of […]
Ethereum is one of the most widely used blockchains in the crypto space. An increasing number of users enter the network each day. Amidst this, there have always been growing concerns about ETH fee rates. Fee rates have usually gone up in times of high network congestions. But recently, with the growing popularity of NFTs, […]