$105,605.00
0.12%$2,488.93
-1.03%$2.23
0.95%$649.46
-0.05%$150.56
0.50%$0.9998
0.01%$0.181242
-1.41%$0.283556
-0.82%$0.662819
-0.01%$2,487.31
-1.05%$105,551.00
0.01%$35.01
-0.66%$3.20
-0.84%$2,997.63
-0.94%$13.63
-1.06%$20.32
-0.05%$9.21
-0.69%$415.93
1.58%$0.2644
-0.86%$3.16
0.33%$0.00001239
-1.47%$0.999719
0.01%$0.168161
0.15%$2,487.64
-1.04%$86.91
-0.78%$2,660.67
-1.03%$3.99
-1.14%$328.49
-1.89%$1.00
0.04%$0.99966
-0.13%$4.64
-0.49%$0.00001148
0.10%$105,724.00
0.15%$0.627057
-0.27%$31.37
0.09%$254.27
-0.20%$6.25
-0.61%$1.18
0.00%$382.97
0.83%$52.53
0.32%$5.64
6.11%$0.098543
1.07%$4.66
-0.74%$2.39
-0.32%$1.00
0.00%$181.98
0.73%$0.821761
-0.97%$1.054
-0.02%$16.67
-1.73%$30.01
-2.19%$18.24
-0.16%$0.084278
-1.48%$1.001
0.09%$0.646302
-0.35%$10.29
-0.34%$0.02374147
-0.35%$3.83
-0.43%$0.31943
0.50%$0.74288
-1.33%$4.23
-0.91%$4.41
0.05%$105,477.00
0.05%$0.208783
-0.72%$118.60
3.72%$1.08
-1.83%$2.46
-1.31%$0.338318
-1.21%$0.188411
0.05%$0.998694
0.04%$0.072507
-0.77%$4.40
0.19%$2,490.43
-0.93%$0.999956
0.01%$1.001
0.14%$11.11
0.29%$0.452717
0.45%$159.04
0.36%$1.97
-2.59%$12.96
1.24%$1.22
-0.86%$0.01802813
1.09%$0.0000156
2.17%$0.371997
-1.22%$2,830.89
-1.04%$1.26
6.82%$1.78
0.42%$3.99
-0.27%$2,601.91
-1.05%$1.065
7.14%$1.00
0.02%$0.600232
-2.56%$0.99971
0.00%$0.18766
-0.48%$0.999782
-0.01%$0.06154
3.55%$0.641859
-1.82%$105,418.00
-0.21%$0.515752
-0.69%$2,653.67
-0.82%$2,605.44
-1.05%$0.886426
3.56%$649.62
-0.05%$0.562921
-3.65%$0.642289
-1.30%$0.090672
-1.25%$105,300.00
0.03%$2,616.13
-0.83%$3,332.12
0.24%$105,303.00
-0.73%$3,344.62
0.13%$49.10
-2.02%$0.00008262
-0.08%$167.70
0.64%$0.740223
-2.02%$2.28
-1.51%$0.808077
-0.79%$195.27
0.50%$0.01609912
0.06%$0.122159
14.45%$1.10
0.02%$111.34
0.00%$0.179777
1.16%$0.00000069
0.02%$0.01394854
-1.16%$20.31
-2.30%$0.999759
-0.01%$0.273453
-0.68%$0.116039
-0.07%$1.66
13.01%$0.490615
0.10%$2.28
5.93%$32.96
0.81%$3.94
-2.58%$105,074.00
-0.58%$0.997444
-0.01%$2.01
-0.16%$0.00984888
-0.04%$1.82
-1.61%$0.614436
-0.00%$0.56163
-1.07%$1.096
-1.00%$0.220184
11.40%$2,488.60
-1.03%$0.999549
0.42%$0.357924
-1.12%$1.96
-6.05%$1.60
0.37%$2,490.61
-0.95%$0.689272
-2.43%$0.535108
8.19%$2.87
-3.07%$0.275981
-1.11%$2,595.77
-0.96%$34.99
-0.84%$105,459.00
0.11%$2,659.76
-0.85%$8.92
-15.90%$2,487.45
-1.04%$105,482.00
0.12%$0.998884
0.05%$0.049646
-6.80%$2,684.71
-1.20%$0.446937
0.45%$0.0140713
-2.92%$0.18107
-1.33%$0.063183
0.13%$0.9998
0.01%$1.001
0.06%$0.00438967
2.93%$0.130361
-2.05%$0.04768844
-2.71%$0.00002146
1.44%$14.97
-1.37%$102,749.00
-0.33%$1.37
0.57%$0.390168
-4.23%$0.00000042
-0.50%$0.501112
-1.59%$0.081528
-1.27%$0.525311
-1.65%$5.84
-2.56%$45.25
1.52%$0.563625
-3.53%$6.28
0.81%$1.089
0.01%$0.994734
0.37%$36.70
-1.07%$1.39
0.04%$2,484.72
-1.15%$2.39
-0.75%$34.97
-0.95%$1.59
-5.23%$0.00662003
-2.12%$1.00
0.03%$0.325273
0.10%$1.003
0.43%$0.0040902
-0.98%$1.14
0.12%$0.146561
2.76%$2,641.44
-1.06%$0.01927164
-1.23%$0.00457271
-2.54%$0.03741949
-0.95%$0.143638
-3.09%$0.356918
0.83%$0.529913
-2.06%$2,742.31
-1.02%$0.34076
-9.60%$1.25
-1.86%$0.03404414
-0.98%$104,901.00
-0.17%$105,479.00
0.03%$0.00000085
-0.65%$0.071379
-1.57%$2,715.38
-1.01%$0.00625271
2.10%$0.784027
-1.35%$0.00384683
-1.52%$0.00005841
-0.96%$19.33
0.06%$0.999436
-0.03%$0.208833
-0.72%$2,487.77
-1.05%$118.62
-4.84%$20.30
-0.10%$0.998552
0.02%$163.71
0.47%$7.51
-8.48%$0.32213
-1.78%$2,488.72
-0.91%$0.121839
-2.72%$0.651286
-2.22%$0.00000144
1.52%$0.999723
0.02%$0.298502
-1.69%$0.63052
-0.84%$2.35
-0.95%$0.471651
1.77%$0.200776
-1.16%$0.00401222
-0.03%$0.00310937
0.73%$104,838.00
0.14%$1.007
-0.32%$0.01762465
13.87%$2,120.60
0.13%$1.65
-0.79%$24.56
-0.16%$16.00
-0.93%Reading
The recent growth of Ethereum’s decentralized finance (DeFi) ecosystem may be significantly overstated, according to a report published by decentralized app (dapp) tracker DappRadar on Tuesday.
DappRadar analyzes one of the biggest #DeFi protocols MakerDAO.
- The TVL on @MakerDAO surpassed $1.5 billion.
- The #TVL in the top 3 tokens on #MakerDAO increased by almost $800M.
- The inflation-adjusted value showed an increase of only $200M.https://t.co/avJVwhqkPf
— DappRadar (@DappRadar) August 19, 2020
One of the most commonly used metrics in the DeFi space is the total dollar value locked (TVL) statistic. It details how much value is locked up in applications within the DeFi space. Funds might be locked up in lending apps, or held as liquidity for trading on decentralized exchanges. And it’s been growing at a surging rate.
In July, the TVL locked in DeFi hit $3 billion for the first time. One month later, that number has doubled to $6.3 billion. And it shows no sign of slowing down. However, DappRadar argued that the actual growth of DeFi could, in reality, be much less explosive.
“To conclude, 75% of the total value locked increase was fueled by a token price,” DappRadar stated, implying that just 25% of the recent growth was due to money moving into the industry.
DappRadar analyzed MakerDAO, the top DeFi lending platform that is responsible for 24% of the total value generated in the sector (around $1.5 billion). It discovered that 97% of its TVL is locked in Ethereum (73%), Wrapped Bitcoin (8%) and its own governance token MKR (17%). And the prices of all three increased notably over the past month.
“All 3 tokens faced an increase in value within the 30 days period. It raises the question, how extensively token price affected the TVL metric,” DappRadar noted, adding that because of this, “Total value locked in dollars can deliver a distorted view of the category development.”
For example, if the token’s price doubles, this will result in the corresponding surge in the TVL. But if the number of actually staked tokens doesn’t change, this means that no new assets are flowing into the DeFi app.
A record high of $6 billion worth of crypto is now locked in decentralized finance (DeFi) smart contracts, according to data analytics site DeFi Pulse. The new milestone edges Friday’s high of $5 billion, and comes as dozens of Ethereum-based financial products are drawing millions of dollars of investment amid market surges — and collapses. DeFi mainstays Maker, Curve, Aave and Curve Finance lead the pack, with some $4.2 billion locked in between them. DeFi products produce dividends on loc...
While there was a tremendous increase of around $800 million in the TVL of MakerDAO’s top-3 tokens, the real growth amounted to no more than $200 million when an inflation-adjusted value is taken into account, the researchers noted.
Glauber Contessoto rose to crypto fame in 2021 when he became what was believed to be the first “Dogecoin Millionaire”—a title he wore proudly. Now, four years later, he’s claimed the title of “Pepe Millionaire,” while his DOGE stash has dipped slightly below that milestone level. Across six wallets shared and verified with Decrypt, Contessoto now owns approximately $1.116 million of the Ethereum meme coin PEPE. This is in addition to his Dogecoin stash that he has become famous for. Contessoto...
America's biggest crypto exchange Coinbase introduced two new "wrapped" tokens this week, allowing traders to use XRP and Dogecoin on DeFi protocols. By introducing cbDOGE and cbXRP, Coinbase is hoping to address surging demand for cross-chain functionality in the complex DeFi world, the company and industry observers told Decrypt. The exchange is making the new offerings available on its own Ethereum layer-2 Base network. Coinbase holds 1:1 reserves of the underlying assets that back Coinbas...
A month after the Pectra upgrade, key indicators on Ethereum have begun to reveal the promise and pitfalls of the network's most ambitious technical overhaul since the 2022 "merge." One of the major features that the Pectra upgrade brought was expanding the Ethereum blockchain's capacity for handling "blobs," which are units of "ephemeral data storage," helping keep larger amounts of it on the consensus layer, according to a definition from the Protocol developer team. A blob is a dedicated data...
