Bitcoin’s beautiful bottleneck could spark the next DeFi Renaissance | Opinion

DeFi Summer happened on a slow, expensive chain. That wasn't despite Ethereum's limitations; it was because of them.

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Ethereum’s (ETH) growth is slowing—but this new DeFi protocol might be just getting started

Ethereum has been the backbone of decentralized finance for years, powering thousands of smart contracts and supporting the growth of nearly every major DeFi platform. Its importance in the ecosystem is undeniable—but its momentum, especially in terms of price action, has slowed.

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Ethereum (ETH) recovers to $2,300 despite weakening DeFi metrics, Mutuum Finance (MUTM) emerges as a high-potential DeFi alternative

Ethereum (ETH) has climbed back to $2,300, even as DeFi activity continues to decline. Falling network fees and lower total value locked (TVL) indicate slowing engagement, raising concerns about its long-term momentum.

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Ethereum Foundation's bold $120M DeFi injection: Betting big on passive yield

Ethereum Foundation invested $120 million in Ether across DeFi protocols like Aave and Compound. The move addressed past reliance on ETH sell-offs and aims for sustainable funding strategies.

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Ethereum Foundation issues 50K ETH to boost DeFi apps – Here’s what it means

Ethereum Foundation has rolled out plans to support the ETH DeFi ecosystem. The plan is part of a broader overhaul of the organization after recent community backlash.  After several monthThe post Ethereum Foundation issues 50K ETH to boost DeFi apps – Here’s what it means appeared first on AMBCrypto.

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Bitcoin could be one upgrade away from overtaking Ethereum DeFi

 A long-dormant string of code called OP_CAT could be the secret to unlocking the true potential of Bitcoin for DeFi and see it surge past Ethereum DeFi in the future. 

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Solana overtakes Ethereum in defi trading, Pullix can potentially topple both

Solana outpaces Ethereum in defi, but Pullix presale hints at a new market leader in the industry’s future. Solana (SOL) has surged past Ethereum (ETH) in trading volumes as the defi space continues to gain traction. But this isn’t the…

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Ethereum remains top dog, but woes persist in the DeFi sector

Key Takeaways DeFi has seen massive capital outflows in the last year as token prices have collapsed Trad-fi yields have also spiked while DeFi yields have fallen Ethereum has underperformed Bitcoin notably since the Merge The third quarter of 2020 became known as “DeFi Summer” within crypto, such was the speed at which the nascent […] The post Ethereum remains top dog, but woes persist in the DeFi sector appeared first on CoinJournal.

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Ethereum plans to thwart DeFi hacks with this proposal, here's how

A section of the Ethereum community proposed the ERC-7265 standard to reduce DeFi exposure to exploits. The approach has raised concerns about certain issues that DeFi is against. As the leaThe post Ethereum plans to thwart DeFi hacks with this proposal, here's how appeared first on AMBCrypto.

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How Ethereum has put the DeFi market at risk

A further drop in ETH's price could send the DeFi market into another round of liquidation. The DeFi TVL across all chains submerged. Ethereum [ETH] and assets linked to the Decentralized FiThe post How Ethereum has put the DeFi market at risk appeared first on AMBCrypto.

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The Layer-2 Wars could be the next big trend in crypto leading up to The Merge

DeFi analyst and YouTuber Patrick Dynamo DeFi, highlighted Monday several exciting trends in the world of DeFi, including the rise of the “L2 wars. ” Over the past week, revenue for Polygon, Optimism, and Arbitrum, popular scaling solutions for Ethereum, were up 36% – 54% following Ethereum’s price rally.

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Ethereum: Assessing whether other chains in DeFi might soon take its place

Chains are keen to hike their total value locked [TVL] dominance as this is a way to amp up adoption and boost their presence in the space. Ethereum is thought to be the reigning DeFi alt, but as the The post Ethereum: Assessing whether other chains in DeFi might soon take its place appeared first on AMBCrypto.

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At ETHDenver, Weird DeFi Comes Out of Its Shell

CoinDesk’s DeFi reporter shares some perspective on Ethereum’s most optimistic conference to date.

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Here is why Ethereum’s dominance in DeFi is falling

Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading. The post Here is why Ethereum’s dominance in DeFi is falling appeared first on CryptoSlate.

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DeFi boom ensues as Terra crosses $21B in TVL, second only to Ethereum, Avalanche at $12B

The rising cost of using the Ethereum network triggered by network congestion has been a cause of frustration to many cryptocurrency enthusiasts, especially those wanting to explore the DeFi and NFT sThe post DeFi boom ensues as Terra crosses $21B in TVL, second only to Ethereum, Avalanche at $12B appeared first on AMBCrypto.

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This Ethereum DeFi protocol rallied by 374% in 24 hours

Ethereum is the king of DeFi, we know that. And even though the network does no need to keep proving its worth to maintain that label, it manages to actually surprise everyone every day. A relatively The post This Ethereum DeFi protocol rallied by 374% in 24 hours appeared first on AMBCrypto.

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Ethereum may have come to DeFi's rescue, but here's the whole story

The Decentralized Finance (DeFi) space, which is dominated by Ethereum, had a rather rough month as the market fluctuated immensely. For a while, there was some bearish sentiment observable across theThe post Ethereum may have come to DeFi's rescue, but here's the whole story appeared first on AMBCrypto.

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DeFi Activity Picking Up, Unique Addresses Surpasses 3 Million with Uniswap in the Lead

The percentage of ETH circulating supply locked in DeFi has also recovered from the June drop while TVL of the overall DeFi sector stands above $100bln with Ethereum controlling roughly 77% of it, which is 20% less than five months ago.

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Ethereum, Uniswap, Polygon, BSC: The DeFi party is shifting to this network

The DeFi market, during its early stages, laid the groundwork for growth for a host of blockchain networks including the likes of Ethereum and Binance Smart Chain. However, with a massive slump in TotThe post Ethereum, Uniswap, Polygon, BSC: The DeFi party is shifting to this network appeared first on AMBCrypto.

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Bitcoin advocate: One of the big benefits of DeFi, as we see in Ethereum, is...'

With new developments and upgrades taking place on a daily basis, it would not be an over-exaggeration to state that the DeFi space is exploding. Technology, however, comes with its own risks. NethThe post Bitcoin advocate: One of the big benefits of DeFi, as we see in Ethereum, is...' appeared first on AMBCrypto.

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Ethereum’s TVL in DeFi Achieves New Record Despite Investors Moving to Cardano

The value of Ethereum locked through decentralized finance protocols, and smart contracts have reached a new all-time peak of over $9 million. Ethereum in DeFi According to statistics from industry analytics provider, DeFi Pulse, the amount of ETH locked across the whole DeFi ecosystem is at a record $9.

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DeFi Outgrowing Ethereum, Time for DeFi Mania to Move On to Other Layer 1 Solutions?

“Ethereum gas fees are breaking the market structure of DeFi,” noted Tushar Jain of MulticoinCap as the second largest network becomes unusable for small users, “suffering from anti-network effects.

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DeFi Growth Branches Beyond Ethereum

Decentralized finance growth has exploded in the last two quarters of 2020 but it has not all been driven by Ethereum according to recent research. Wrapped versions of Bitcoin and stablecoins have been a huge driver of total value locked across DeFi protocols this year.

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The Ethereum 2.0 factor: Changing the way DeFi projects operate

Ethereum 2.0 is finally taking form after the beacon chain launch, so how has it affected the DeFi and Dapp ecosystems so far?

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Ethereum 2.0 to boost DeFi but delayed launch may set the network back

The launch of Ethereum 2.0 is bound to support DeFi growth, but would it be capable of handling the pace at which DeFi is growing?

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This new Ethereum DeFi token that suffered a bug rallied 375% today anyway

The coins of the latest generation of decentralized finance (DeFi) products built on Ethereum continue to pump amid a return to a bull market. The post This new Ethereum DeFi token that suffered a bug rallied 375% today anyway appeared first on CryptoSlate.

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Ethereum DeFi Exploiter Returns $50,000 to “Nurse” Affected by $5m Attack

DeFi Despite positive technological developments, the decentralized finance (DeFi) space is still rife with hacks and exploits. This much was made clear just recently, when $7 million was siphoned out of a cryptocurrency vault based on Ethereum.

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Ethereum DeFi’s most enigmatic investor, “DegenSpartan” says this will be DeFi’s watershed moment

If you’ve followed DeFi on Twitter, you’ve likely heard of the name “DegenSpartan. ” The pseudonymous investor, believed to be based in Asia, has become one of the most popular voices within the Ethereum and DeFi community, having entered this crypto industry extremely early on.

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Глава биржи FTX: Ethereum 2.0 не вытянет нагрузку DeFi

CEO криптовалютной биржи FTX Сэм Бэнкман-Фрид считает, что Ethereum 2. 0 не справится с нагрузкой, которую потенциально может обеспечить сектор DeFi. Об этом он заявил в ходе подкаста Defiant. По его мнению, блокчейн второй по капитализации криптовалюты является препятствием для развития децентрализованных финансов.

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This Wall Street trading firm holds $75m worth of these 6 Ethereum DeFi & utility tokens

Even after a strong correction in decentralized finance (DeFi) coins, it is clear capital is flowing into this space. The post This Wall Street trading firm holds $75m worth of these 6 Ethereum DeFi & utility tokens appeared first on CryptoSlate.

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Facebook & Libra’s David Marcus Is Asking About Ethereum DeFi

Ethereum’s decentralized finance (DeFi) space has received a lot of attention in recent months. This sector of the crypto space has seen a rapid uptick in capital involved as the yields and incentives to use these DeFi applications have increased at a dramatic clip.

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DeFi users deposit $100 million in stablecoins into Ethereum’s latest yield farm

It appears that even after a strong retracement, the decentralized finance (DeFi) space is far from dead. The post DeFi users deposit $100 million in stablecoins into Ethereum’s latest yield farm appeared first on CryptoSlate.

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Ethereum miners made 450K ETH from high network fees during DeFi peak

On-chain data shows Ethereum miners saw a 39% surge in revenue as fees soared during the DeFi craze.

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Ethereum transaction fees plummet 85% due to slower DeFi growth

Over the past three weeks, transaction fees, their volumes and number on the Ethereum network dropped significantly. This may be due to a decrease in the activity of speculators in the DeFi market.

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RSK Bitcoin sidechain ports Dai to connect with Ethereum DeFi

Interoperable DeFi platforms can help with Ethereum's high transaction fees.

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Ethereum Transaction Fees Fall 82%, as Defi Hype Eases

The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11. 61, down to $2. 09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols.

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7% of the Circulating Supply of Ethereum is on DeFi, Worth $3 Billion

More than 7% of the circulating supply of Ethereum is now locked in DeFi protocols, data shows

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Ethereum Price Falls 18% As The DeFi Bubble Bursts

After hitting record highs on the back of a booming DeFi sector and increased momentum in the broader crypto market, Ethereum (ETH) suffered a massive sell-off on Friday. ETH continued to crash on Saturday as it slipped further away from the $400 support zone.

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It Took YFI’s Ethereum Vault One Day to Garner $75m in Investment

While Ethereum and the rest of the crypto market saw a strong pullback on Wednesday, the DeFi space has continued its ascent to the upside. What is fueling the recent growth in DeFi is a number of product launches and new projects.

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BitMEX CEO Arthur Hayes outlines four risks in Ethereum’s DeFi “proto-banks”

The decentralized finance (DeFi) craze is drawing interest and capital from all corners of the crypto industry. The post BitMEX CEO Arthur Hayes outlines four risks in Ethereum’s DeFi “proto-banks” appeared first on CryptoSlate.

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Financial Analyst: Ethereum DeFi Is Becoming an “Unstable” System

Ethereum’s decentralized finance space has seen exponential growth over recent weeks and months. According to data site DeFi Pulse, there is now $6. 65 billion worth of cryptocurrency locked in so-called DeFi protocols.

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DeFi yield farming is an “unsustainable zero sum game”: Ethereum innovator

It’s been fair to say that Ethereum’s decentralized finance (DeFi) has entered a mania phase. A coin worth hundreds of thousands of dollars was minted due to a DeFi meme. The post DeFi yield farming is an “unsustainable zero sum game”: Ethereum innovator appeared first on CryptoSlate.

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Ethereum founder Vitalik Buterin: Unless you understand DeFi, it’s likely “best to sit out”

It would be fair to say that decentralized finance — better known as DeFi — has become Ethereum’s killer use case. The post Ethereum founder Vitalik Buterin: Unless you understand DeFi, it’s likely “best to sit out” appeared first on CryptoSlate.

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Party Like It’s 2017: Whales and Degenerates of DeFi

The DeFi craze is full-steam ahead: the total value locked has already passed $5 billion, the number of transactions on Ethereum hit 2018 levels, and gas prices are through the...

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The launch of this Ethereum token could put DeFi into another frenzy

Although decentralized finance (DeFi) has been seeing consistently strong growth, the gains in this Ethereum market sector have somewhat subsided over recent weeks. The post The launch of this Ethereum token could put DeFi into another frenzy appeared first on CryptoSlate.

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Fund managers: these 3 catalysts could drive greater adoption of Ethereum DeFi

By most measures, Ethereum’s decentralized finance (DeFi) space is going parabolic. The post Fund managers: these 3 catalysts could drive greater adoption of Ethereum DeFi appeared first on CryptoSlate.

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Growth on Band Protocol and Kava Proves Demand for Cross-Chain DeFi

Emerging blockchains are trying to build a new DeFi ecosystem away from Ethereum. While Ethereum is still the top base layer for DeFi, increased traction for protocols like Band and...

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DeFi accounted for 92% of Ethereum dApps volume in July

A surge in transaction volume in the DeFi market saw Ethereum applications record an...

The post DeFi accounted for 92% of Ethereum dApps volume in July appeared first on Coin Journal.

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Ethereum DeFi’s Flagship Coin, MakerDAO, Is Down 55% Against ETH in 2020

Ethereum’s decentralized finance (DeFi) sector has undergone parabolic growth over the past few months. The value of coins locked in DeFi protocols has surged to a cumulative $4. 25 billion for the first time ever.

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Five Years In, DeFi Now Defines Ethereum

Ethereum has always struggled with explaining itself to the world. With DeFi, it's found not only a new avenue of development but of self-definition.

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