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The sector of Layer 2 (L2), which was once regarded as the next frontier of blockchain scalability and investor fervor, is experiencing a revaluation that can only be viewed as sobering.
Many of the most heavily funded L2 projects now trade at market capitalizations that are appreciably below the amounts they raised during their early-stage funding rounds. This trend, revealed by data from...
DeFi seems to be entering a new growth phase, with new capital flowing into major protocols and investor sentiment turning very bullish.
This soft trend is nowhere more evident than on Sonic, an emergent DeFi network where the top protocols control almost $1.6 billion in total value locked (TVL)—about 80% of the network’s TVL.
And at the heart of this trend is Aave, the long-standing titan of...
The decentralized finance (DeFi) protocol landscape is awash with projects, many of which do indeed generate revenue (sometimes quite a bit of it).
But few manage to accomplish both: bringing in a lot of profit while maintaining a somewhat reasonable valuation in the market. Enter Aerodrome, a DeFi protocol that lives on the Base blockchain and has recently been punching above its weight class....
Months of strategic accumulation and holding by a prominent crypto whale identified as 0x82d8 have culminated in a significant profit realization on their $HYPE position, much to the delight and HD cameras of the trading community.
We haven’t seen a partial sell-off like this since last decade, and despite it, 0x82d8 still holds a sturdy stack of HYPE. Meanwhile, new large buyers are entering the...
According to on-chain data, Hashed took attention once more with a hefty on-chain transfer.
The on-chain data shows the firm has deposited 5.79 million of SAND tokens into Binance, which has led to re-ignited discussions over the short-term direction of the token and the firm’s trading aims.
Massive Movement: $12.13M in SAND Transferred Over Two Weeks
As per Onchain Lens, which is a platform for...
Even with stiff opposition from fresh decentralized exchanges (DEXs), Uniswap’s Unichain has achieved a remarkable feat this month—vaulting past $10 billion in trading volume.
This is a plain, not-at-all-invisible token of a protocol that’s provoking activity and seeming resilience. Yet the token that serves as the native currency for this protocol, $UNI, is trading at levels that look not much...