Ethereum layer two TVL reaches all-time high
Layer 2 TVL has more than doubled over the past couple of months, hitting a new all-time high of $5.64 billion. The total value locked (TVL) on Ethereum layer two (L2) networks has surged to a new peak as gas fees continue to steadily rise. Layer 2 analytics platform L2beat currently reports that the total amount of ETH locked across various L2 protocols and networks has reached an all-time high of $5.64 billion. L2 scaling solutions provide much higher transaction throughput and lower transaction fees, and they have surged in terms of adoption in November which has seen the highest....
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Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position.
Ethereum Reaches New All-Time Price High
The second-largest crypto market capitalization belongs to ethereum (ETH) with a valuation of around $510 billion today.
Currently, there is $28.9 billion dedicated to ether trades and ETH’s market cap has a dominance rating of around 18.8%.
ETH reached its all-time....
A new milestone has been reached in the crypto sphere, as the number of addresses holding Ethereum hit an all-time high of over 51.4 million before the end of a turbulent 2020 year. Number of Addresses Holding ETH Hits a New All-Time High Per figures of data site Glassnode, there are now 51,491,730 addresses holding the aforementioned cryptocurrency, as it keeps climbing in the context of a rally seen in the prices of most cryptos in the last weeks of 2020. The number is significant, considering that there were only 34.7 million addresses with ethereum (ETH) at the start of the year, up by....
Altcoin season is now official, with the highest ranked of the bunch setting a new all-time high today – much like Bitcoin did late last year. At the same time, open interest in Ethereum Futures contracts has never been higher, suggesting that the momentum, volatility, and potential upside has only just started. Here’s a closer […]
Bitcoin triumphantly rises once more, reaching an all-time high today at around 2PM London time in one of the most liquid exchanges: BTC China. Proclaimed dead or worthless so often by so many, the currency has been turning heads in the past few weeks when a two years long bull market accelerated around December the 20th, increasing bitcoin’s price from around $800 to almost $1,100 in just two weeks, while at BTCChina it reached an all-time high of just under $1,150 (7,990 CNY according to BitcoinWisdom) higher by almost 400 points than its previous all-time high of 7,588 CNY reached on....
Ethereum is the dominant force in DeFi, and layer-two solutions are a promising alternative, but the layer-one blockchains are not done just yet. Issues with Ethereum congestion and high fees have led to many companies adopting layer-one solutions like Optimistic Rollups, OMG Network and many others. These platforms allow transactions to be created outside of the Ethereum network on what are known as “sidechains,” which then can be reconciled on the main Ethereum network in one simple transaction.These layer-two options are gaining a lot of traction in anticipation of the release of....