Author: bitcrypto.io

The decentralized exchange (DEX) trading volume on the Solana (SOL) blockchain has skyrocketed, surpassing the $2 billion mark for four consecutive days, with a record-breaking trading volume of $2.85 billion achieved on March 5. According to DeFi TVL aggregator DeFiLlama, Solana DEXes recorded over $2 billion in trading volume over the past day, up by 153% in the past week. Currently, Solana is the third largest blockchain network in terms of DEX volume, trailing behind Ethereum and Arbitrum. Ethereum, which hosts the largest DeFi ecosystem, registered around $4.7 billion in trading volume in the past 24 hours, with a positive…

DeFi has undergone a striking transformation, witnessing a notable surge in total value locked (TVL), surpassing $80 billion. This resurgence signifies a remarkable turnaround, particularly after the tumultuous downfall of Terra’s stablecoin in May 2022. With its decentralized nature and innovative financial products, the DeFi landscape has attracted widespread attention from investors and enthusiasts. The increase in TVL underscores the resilience of DeFi protocols and the continued interest in decentralized financial solutions. Despite past challenges and uncertainties, the sector has demonstrated its ability to adapt and thrive. This recent milestone highlights the ongoing evolution and potential of DeFi to reshape…

Chainlink (LINK) is a leading blockchain that facilitates connectivity between other blockchains. The Oracle network is considered to be amongst the leading decentralized projects and is currently ranked at #14, according to CoinMarketCap. However, Chainlink has recently been struggling to break the resistance of $21. Despite repeated breakout attempts, the project is currently at $18.9 and is down 6.17% on a daily level. Chainlink is currently at a Market Cap of $12.1 Billion and has been one of the most notable projects. Chainlink Price Struggles to Break $20 Resistance In the crypto space, Chainlink used to be the center of…

Kamino Finance, a prominent decentralized finance (DeFi) lending platform built on the Solana blockchain, is preparing for a highly anticipated token airdrop. The protocol will conduct an on-chain snapshot on March 31st to determine eligibility for the airdrop, which is expected to take place in April. At launch, 10% of Kamino’s massive 10 billion total token supply will enter circulation. Notably, 7% of the total supply has been earmarked for the Genesis community distribution, rewarding early supporters through a linear token-sharing mechanism based on accumulated points. The platform’s native KMNO token will unlock governance privileges, allowing holders to contribute to…

Currently, the 6 largest cryptocurrency exchanges are Bybit, Binance, OKX, KuCoin, HTX and Crypto.com. Top Cryptocurrency Spot Exchanges CoinMarketCap ranks and scores exchanges based on traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes reported. Bybitglobal.com Spot Trading Volume (24h): $5,075,843,455.88 Total assets: $9,797,178,409.46 Bybit is a cryptocurrency centralized exchange (CEX) that offers a professional platform featuring an ultra-fast matching engine, quality customer service and multilingual community support for crypto traders of all levels. Established in March 2018, Bybit currently serves more than 24 million users and institutions offering access to over 100 assets and contracts across…

Vilnius, Lithuania, March 5th, 2024, Chainwire HODLPad, the decentralized launchpad has launched their IEO on ProBit Global. HODLPad provides DeFi investment opportunities with their game-changing Future Sales of Vested Tokens (FSVT) marketplace. HODLPad is focused on solving crucial needs in the DeFi space. It ensures fair access to high-quality projects through initial decentralized exchange offerings. In addition, HODLPad provides frequent reliable project offerings to provide consistent investment opportunities. Moreover, HODLPad provides opportunities for liquidity during pre-sale, seed, and strategic investment rounds, making it a comprehensive platform for DeFi investors. With HODLPad’s introduction of Future Sales of Vested Tokens (FSVT), allows…

Bernstein notes that six out of the top 10 revenue-generating protocols are DeFI applications. With real yields and regulatory clarity, global asset managers could consider a DeFi ETF, Bernstein said. The crypto market recovery is expected to be broad-based with decentralized finance (DeFi) leading the charge, broker Bernstein said in a research report Monday. “We expect a big bang DeFi recovery and the investor narrative to come back as the future of blockchain finance,” analysts Gautam Chhugani and Mahika Sapra wrote. Bernstein notes that six out of the top 10 revenue-generating protocols are DeFI applications. These are Uniswap, Aave, Maker,…

Bitcoin tumbled on Tuesday shortly after it reached a new all-time high for the first time in more than two years. The price of the cryptocurrency topped $70,210 on Tuesday morning, according to Coin Metrics, and then quickly pulled back. The losses deepened in late afternoon trading. It was last trading lower by 8% at $61,973.37. However, with bitcoin on a hot streak, up 45% this year already, investors have cautioned that things could soon cool as unrealized profit margins approach extreme levels. “The market is positioned for a steep correction, possibly between 10% and 20%,” said Ed Tolson, CEO…

PALO ALTO, California – March 1 (Reuters) – Nvidia (NVDA.O), opens new tab Chief Executive Jensen Huang on Friday said that artificial general intelligence could – by some definitions – arrive in as little as five years. Huang, who heads the world’s leading maker of artificial intelligence chips used to create systems like OpenAI’s ChatGPT, was responding to a question at an economic forum held at Stanford University about how long it would take to achieve one of Silicon Valley’s long-held goals of creating computers that can think like humans. Huang said that the answer largely depends on how the goal is…

Floki, a cryptocurrency that has been making waves in the digital asset space, has achieved a significant milestone. It has surpassed $400 million in Total Value Locked (TVL) across its ecosystem products. This achievement comes after the cryptocurrency reached an all-time high of $366 million, demonstrating its rapid growth and investor popularity. Floki Price Surges 100% to Over $0.000149 Captivates Investors Over $297 million of the TVL comes from Floki’s staking platform, and $111 million comes from the FlokiFi Locker. These numbers demonstrate Floki’s resilient ecosystem and establish it as a leader among meme coins. Floki stands out from other…