Funds locked in DeFi surge $1B as analyst tips post-election bull run
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....
Related News
Crypto analyst George McDonaugh says that the U.S. presidential election is unlikely to change the bitcoin price’s upward trajectory. He draws on a number of fundamental and technical factors to illustrate his point. For example, McDonaugh argues that the recent surge in the price of bitcoin (BTC) is actually part of a sustained rally since the ‘Covid capitulation’ event back in March. “Since then we’ve seen nothing but bullish signals appear one after another,” McDonaugh said, in thoughts shared with news.Bitcoin.com “We’ve seen four....
Over the last six days, the total value locked (TVL) in decentralized finance (defi) has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours.
Value Locked in Defi Shudders This Week
While the crypto economy has shed billions, the defi landscape has also felt the brunt of the storm. Last week, the TVL in defi neared a record high but most of that value has been erased since April 5. At the time of writing on Monday, April 11, 2022, the TVL in defi is....
The latest rebound in the UNI market has raised its expectations of extending its bullish move by at least 34 percent. So says a pseudonymous analyst whose recent predictions for the newly-launched decentralized finance (DeFi) token have come accurate. The chartist in his Thursday tweet adjusted UNI/USD’s upside target to $6.43. The pair was trading […]
Data shows Ethereum staking has passed another milestone as more than 10% of the total ETH supply is now locked within the contract. Around 12 Million ETH Is Now In The Ethereum 2.0 Deposit Contract As pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed further surge recently, taking […]
Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped 8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84% dominance. Value Locked in Defi Takes a Hit, TVL Down 2.8% in 24 Hours Since digital currency markets have been dropping in value during the last few days, the value locked in decentralized finance has slipped as well. In four days, the TVL in defi dropped 8.55% from $255.84 billion to today’s....