MetisDAO TVL surges by 99,800% as the layer-2 race heats up
The total value locked on METIS rose by 99,881% in a month after the layer-2 project integrated with numerous DeFi protocols and cross-chain bridges. Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly battle to attract investors funds by offering enticing yields for crypto holders willing to take a risk and lock up their assets and protocols use this funds to build out their products and attract attention from larger investors. One protocol that has been gaining traction in the total value locked (TVL) race is....
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Boba Network, a recently released L2 layer for Ethereum, has quickly jumped to second place in TVL (total value locked) among all expansion layers. Boba, which is a fork of Optimism, another L2 layer based on rollups, reached more than $1 billion in TVL, surpassing Optimism. This is likely due to the profitable percentages offered by its first decentralized exchange, Oolongswap, which offers yields of over 1,000%.
Boba Network L2 Gains Popularity
The Boba Network, a recently released L2 layer for Ethereum, has reached second place regarding total value locked (TVL) among L2....
Loopring’s increasing DEX volume and token price show the project is emerging as one of the leading layer-two solutions working to address the high gas fees on the Ethereum network. Cross-chain bridges and layer-two solutions have become an important topic of conversation in recent weeks as protocols compete to offer the best solution to skyrocketing transaction costs on the Ethereum network. While a lot of the focus in decentralized finance (DeFi) has been on the creation of a sprawling multichain ecosystem following the recent emergence of Binance Smart Chain and Avalanche, those who....
2021 has been an explosive year for bitcoin as the crypto asset has touched new all-time price highs as cryptocurrencies have seen increased demand. Meanwhile, a number of crypto proponents expect the first exchange-traded fund (ETF) to be approved this year as a number of firms are racing to launch an ETF. On Friday, the Texas-based firm Valkyrie Digital Assets filed an ETF registration proposal called the Valkyrie Bitcoin Trust with hopes to list the fund on the New York Stock Exchange (NYSE). Crypto Proponents Expect a Bitcoin Exchange-Traded Fund Approval in the US This Year This year....
The Web3 infrastructure race heats up as more providers compete with each other, which indicates a healthy decentralization of the Web3 ecosystem. People interact with open-source applications like MetaMask, Web3 games, the metaverse and DeFi protocols every day but don’t often stop to think about what happens in the background for it all to work. If we think of Web3 as a burgeoning new city, node infrastructure providers are the underlying power grid that makes operations possible.All DApps need to communicate with blockchains, and full nodes serve billions of requests from DApps to read....
The Dogecar. Despite struggling to find sponsorship most weeks, Josh Wise found himself thrust into NASCAR's most exclusive event-the Sprint Cup All-Star race. Though his competitors possessed superior equipment, Wise made the most of what he had and turned in a respectable finish, beating out several of NASCAR's all-time greats. Josh Wise Finishes 15th in NASCAR All-Star Race. After overcoming almost insurmountable odds, the Dogecoin community voted Josh Wise and the Dogecar into the NASCAR All-Star Race, where he placed 15th. During the qualifying round before the race, Wise was several....