Ethereum DeFi plus Binance Smart Chain Surpass $100 Billion In Total Value Lo...
Ethereum’s recent run is one for the books. Their supremacy is under attack from every side, with great projects trying to steal a piece of their smart contracts pie. Nevertheless, ETH’s price and their blockchain’s adoption keep rising. The main drivers for this run are the NFT craze and the popularity of DeFi projects. And […]
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Two Ethereum-native DeFi protocols are headed to Binance Smart Chain, but critics doubt the layer-1 has staying power Today, yield aggregator Harvest Finance and multi-service platform Value DeFi — two Ethereum-native decentralized finance (DeFi) protocols accounting for nearly a billion dollars in total value locked between them — announced planned expansions to Binance Smart Chain, the smart contract platform built by crypto exchange giant Binance.Not everyone in the Ethereum community is ready to take BSC seriously, however. Harvest, which is among the largest yield aggregators and....
It's a long road to the #1 spot, but some ecosystem players think we'll get there eventually. According to decentralized finance (DeFi) ecosystem tracker DeFiLlama, early this morning the DeFi ecosystem breached $100 billion in total value locked for the first time — rising 7% from $94.7 billion yesterday to $101.33 billion at the time of publication.Aside from the psychologically significant 9th digit, the figure is notable both for the speed with which it was attained (the ecosystem sat at $20.74 billion total on January 1st, 2021) as well as the sheer quantity of assets the upstart....
The total value locked (TVL) in decentralized finance (defi) has rebounded in fiat value after suffering some losses last week. Statistics indicate that the $248 billion TVL in defi has increased 3.46% during the last 24 hours and the blockchain Terra has overtaken the Binance Smart Chain in terms of TVL in defi.
Terra Protocol’s Defi Value Swells, LUNA Taps an All-Time High
The Terra protocol has been making waves as the blockchain’s native crypto asset (LUNA) has increased more than 45% over the last week. The digital currency recently tapped an all-time high....
In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been swapped across 14 different Ethereum-based decentralized exchange (dex) platforms. $23.8 billion has been swapped across a variety of blockchain protocols, according to a recently published defi weekly report. Defi Growth Remains....
Despite many leading Ethereum-powered DeFi protocols posting a weekly loss, the success of Binance Smart Chain is pushing the TVL of decentralized finance into new highs. According to data aggregator DeFi Llama, nearly $79 billion in assets are currently locked in decentralized finance protocols. As such, DeFi’s TVL is currently equal to roughly twice the capitalization of third-ranked crypto asset Binance Coin, nearly one-third of Ethereum's market cap, and on-par with the capitalization of top 200-ranked global company Snap Inc — the company behind Snapchat.The majority of TVL growth for....