Arbitrum’s TVL surges to $1.5B as DeFi degens ape into ArbiNYAN
More than $1 billion worth of Ether is still locked in the ArbiNYAN yield farm despite the price of its native token crashing more than 90% in 24 hours. Ethereum layer-two rollup network Arbitrum One is beginning to see significant growth, with its total value locked (TVL) surging by roughly 2,300% this past week.According to L2beat, an analysis platform comparing layer-two protocols, Arbitrum’s TVL tagged an all-time high of $1.5 billion on Sept. 11 as DeFi degens rushed to invest in early farming DApps launching on the network.Off-chain Labs launched Arbitrum to mainnet following a $120....
Related News
Hayden Adams took a $65,000 grant and turned it into a $2 billion protocol; meet the King of the DeFi Degens.
When the DeFi degens caught wind of a new pre-release Andre Cronje project they piled in, only to get $16 million hacked away in a flash.
DeFi traders piled into a token that was still in testing. After an exploit sent Eminence to zero, affected users are receiving restitution.
BASED has a new method for aligning decentralized finance (DeFi) projects with each other. At its core is a smart contract called Moonbase.
Crypto collateral locked in DeFi protocols has surged to an all-time high over $12 billion. Following a six week cooling-off period for the majority of decentralized finance protocols, the DeFi bulls are back in action as total value locked surges to new record highs.The amount of crypto collateral locked across various DeFi protocols has hit a new all-time high of $12.3 billion according to DeFi Pulse. In just 48 hours, over one billion dollars has been added to the total USD value, although precise figures vary on other analytics platforms such as Coingecko and Coinmarketcap.TVL on....