Ethereum’s Compound (COMP) Slides to Multi-Month Low Despite DeFi Explosion

While Bitcoin and Ethereum have seen notable bounces since imploding on Saturday evening, Compound and other altcoins are underperforming. The Ethereum-based coin is down 7. 5% in the past 24 hours as per data from Coin Market Cap.

316 +

Despite DeFi's boom, it is only 5.85% [$3.7 billion] of value secured by Ethereum

With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4. 1 millionThe post Despite DeFi's boom, it is only 5.

250 +

At Only 1.5%, DeFi Is Full Of “ETH Killers” And Dead Projects — But Could Do Better

According to Ryan Watkins, a researcher at crypto research firm Messari, the DeFi market is still “extremely small in perspective” despite having upped its game in the last couple of months, especially after the crypto market collapse.

255 +

The entire DeFi market is worth less than XRP or Bitcoin Cash, despite the frenzy

The DeFi market has exploded in recent times, bringing back ICO-like returns on some projects. The post The entire DeFi market is worth less than XRP or Bitcoin Cash, despite the frenzy appeared first on CryptoSlate.

242 +

Despite Its Hype, DeFi Only Attracts 1% of All Crypto Users

A recent survey by ARPA, the layer two privacy-preserving computation platform, found that despite the hype, DeFi remains a niche corner of the cryptocurrency market. Users Are Experienced but Number...

315 +

Chainlink Loses Key Price Support as Bitcoin Shatters $10,000 Resistance

Chainlink is set to build a bridge between the banking system and the DeFi space thanks to a new partnership. Despite the significance of the announcement, traders are dumping their...

231 +

As DeFi Stays Blazing, ‘Chainlink Will Lie At The Heart Of The Crypto Revolution Going Forward’: Weiss Ratings

Across all existing decentralized finance platforms, there has been a monumental speed in utilization. Despite other digital currencies underperforming, DeFi tokens have outperformed and this is being credited to how high network activities have been.

234 +

IOST Roadmap Updated, Focus on DeFi in H2 2020

Despite bumps largely due to the coronavirus pandemic, IOST continues to firmly fulfill its commitment. In the first half of the year, the team resoundingly overcame challenges and met their targets.

233 +

Ethereum Set to Shatter 2018 Cumulative Annual Gas Fee Record

Despite 2020 being only halfway done, the Ethereum blockchain is set to achieve a new annual gas payment record. USDT and DeFi Push Ethereum Gas Fees to New Heights According to Wilson Withiam — a researcher at crypto analytics platform Messari — the total gas payment recorded on the Ethereum network so far in 2020Read MoreRead More.

300 +

DeFi Universe Inflates Despite Reported Earnings Drop

The decentralized finance space has continued to expand despite reports indicating that revenue has actually fallen over the past quarter. A new all-time high for DeFi is indicative that it is still the most bullish aspect of the cryptocurrency industry.

225 +

Data analyst: Ethereum unlikely to rally until the end of the DeFi bull market

Ethereum’s stagnant price action has come about despite there being plenty of positive developments within the broader ETH ecosystem. The post Data analyst: Ethereum unlikely to rally until the end of the DeFi bull market appeared first on CryptoSlate.

175 +

Tether hits $10bn market cap as DeFi drives demand

Despite controversy over its issuance, Tether has recently seen its market cap hit $10...

The post Tether hits $10bn market cap as DeFi drives demand appeared first on Coin Journal.

220 +

Ethereum users continue to accumulate despite DeFi hack, ETH 2.0 uncertainty

It’s been a boring past few weeks in the crypto markets.

The post Ethereum users continue to accumulate despite DeFi hack, ETH 2.0 uncertainty appeared first on CryptoSlate.

148 +

DeFi Platform Balancer Notes a Security Incident

Despite ongoing growth in the DeFi industry, security concerns remain in place today. Balancer, a project gained traction last week, has gone through a security incident over the weekend.   Balancer is one of the DeFi projects gaining a lot of attention lately.

261 +

Compound (COMP) sees massive surge in on-chain activity despite 23% price slide

The recent growth of the DeFi sector has primarily been driven by the recent launch of Compound, which has seen massive inflows of capital and new users due to the bourgeoning “yield farming” trend.

332 +

Ethereum (ETH) Price Volatility Remains Similar to Bitcoin's (BTC) Despite DeFi Hype, Skew Analysts Say

Ethereum (ETH) holders have become increasingly confused as the second cryptocurrency remains stagnant amidst insane ETH-based DeFi performance

227 +

Bitcoin Aims High, Is DeFi a Bubble? ICX & DUSK Technicals (and More): Crypto News Roundup

Despite some volatility, the Bitcoin price remained, by and large, stable last week as it hovered in a range between $9,250 and $9,500. The bulls may have a slight upper hand at this juncture. The alpha-crypto broke out from a descending resistance line yesterday and now appears to be aiming for an upward move towards […] The post Bitcoin Aims High, Is DeFi a Bubble? ICX & DUSK Technicals (and More): Crypto News Roundup appeared first on BeInCrypto.

298 +

Will Ethereum’s “New Market Cycle” be Enough to Stop it From Plunging Lower?

Ethereum has seen a distinct divergence between its fundamental utility and its price action Despite seeing unprecedented usage rates, the cryptocurrency’s price action has been closely correlated to that of Bitcoin and the aggregated crypto market One prominent investor is now noting that ETH appears to be entering a new market cycle This comes as the explosively popular DeFi trend continues gaining major traction From a technical perspective, some analysts do believe that it may […]

317 +

DeFi Tokens Maker, Kyber Network, and Aave Moon Despite Uncertainty in the Market

Demand for DeFi tokens continues to rise, and Maker, Kyber Network, and Aave are a clear example of this. These cryptocurrencies have enjoyed an impressive rally over the past few... The post DeFi Tokens Maker, Kyber Network, and Aave Moon Despite Uncertainty in the Market appeared first on Crypto Briefing.

357 +

DeFi Could Have a Bigger Impact on Ethereum than ICOs

Decentralized finance markets have largely weathered the economic storm this year and continue to mature despite the crypto market remaining relatively flat. This new financial landscape could have a much greater impact on Ethereum than the ICO boom.

305 +

Despite Decentralization Ambitions, DeFi is Still Dominated by Super Rich Tokenholders

Token supplies for top DeFi protocols are centralized among a tiny fraction of super-wealthy holders. Chainlink, Kyber Network, MakerDAO, 0x Protocol, and Bancor all have worrying levels of token concentration.

375 +

Celsius CEO: Catering to ‘The 1%’ Was Not the Plan

Despite Celsius surpassing 50k BTC in user deposits, the DeFi app’s CEO is unhappy with the high percentage wealth investors compared to ordinary users on the platform

349 +

Bitcoin backed WBTC may be the need of the hour on DeFi

After noticing a constant rise in Bitcoin locked in Decentralized Finance [DeFi], the total BTC on the platform stood at 2.1k. Despite the tremendous losses noted by the DeFi in March, the value of BTThe post Bitcoin backed WBTC may be the need of the hour on DeFi appeared first on AMBCrypto.

383 +

The DeFi Hack: What Decentralized Finance Should and Shouldn’t Be

The DeFi sector will continue to grow in the future despite the difficulties that the industry has faced since the beginning of 2020, but be careful by choosing whom to trust.

216 +

DeFi App Hits ‘Pause’ Button After Losing $25m in Funds, Despite ‘Decentralization’

Another decentralized finance (DeFi) platform temporarily hit the pause button due to an attack. $25M was drained from the smart contract. Hacks and exploits in the world of decentralized finance (DeFi) seem to be increasingly more common.

305 +

Bitcoin locked in DeFi marks another ATH despite a volatile market

The Decentralized Finance [DeFi] had kickstarted the year 2020 noting tremendous growth. Despite restricted growth, Bitcoin locked in DeFi reached an all-time high of 2.026 k, according to data providThe post Bitcoin locked in DeFi marks another ATH despite a volatile market appeared first on AMBCrypto.

317 +

Coinbase Signals A Positive DeFi and Stablecoin Outlook Amid COVID-19 Uncertainty

The crypto lending market has been on the rise despite the unprecedented uncertainty following the novel coronavirus (COVID-19) pandemic. This market has grown to a significant $13 billion in loans within the past few years presenting an opportunity for DeFi’s and stablecoins to gain more traction within the young market. According to Coinbase’s recent blog, […]

291 +

Bitcoin locked in DeFi hits an ATH despite dull price action

There has been tremendous growth in terms of decentralized finance or DeFi. Following the early 2020 rally, the total value locked in DeFi grew exponentially. However, these figures went down after thThe post Bitcoin locked in DeFi hits an ATH despite dull price action appeared first on AMBCrypto.

318 +

For DeFi’s Sake, Maker Should Take Blame for Black Thursday Losses

While the system did not technically malfunction, a confluence of factors enabled a few opportunists to win the collateral auctions despite placing extremely low bids.

274 +

Don’t Say DeFi Broke, Instead Say It Survived

Several DeFi projects have fallen to some exploit since the beginning of 2020. But instead of casting the entire sector aside as broken, some investors say that despite these failures,...The post Don’t Say DeFi Broke, Instead Say It Survived appeared first on Crypto Briefing.

175 +

How EOS and ETH DeFi Made It Through Market Turmoil

The biggest DeFi projects on Ethereum and EOS have shown a lot of similarities recently, despite all the differences between the two

210 +

Investors in disbelief as Ethereum climbs higher, $1 billion now locked in DeFi

Ethereum has been on a roll lately since it continues reaching new yearly highs outperforming some of the top cryptocurrencies by market cap. Despite the bull rally seen over the last two months, some argue that ETH is still in a bear market.

384 +

Blockchain Games Retention Rate Reaches 75%: dAppRadar

Despite being in the shadow of the DeFi sector, the blockchain-based gaming sphere still remains very important for the decentralized applications sphere.

152 +

DeFi Sectors Delivered 250% ROI Over Last Year

Decentralized finance is growing from strength to strength despite an overall bearish year for the majority of crypto assets. A small investment in DeFi could have yielded more than bitcoin over the past year as recent research has found out.

200 +

Smart Contract platforms continue to evolve in 2020

In recent months smart contract platforms have grown despite a stagnant market. Ethereum has established a thriving DeFi ecosystem, Tezos token holders can soft-stake XTZ via several exchange platforms, Binance Chain saw several projects switch to or launch on its platform, and Tron announced several new partnerships.

303 +

Ethereum Based DeFi Forecast to Hit $5 Billion in 2020

The future of finance is evolving and Ethereum based DeFi is at the forefront of it. This year has seen explosive growth in decentralized finance despite bearish crypto asset performance. 2020 is set to be even bigger with bold predictions of where DeFi will go next.

237 +

Ethereum Network Activity, DeFi Still Growing, When Will ETH Prices Follow?

Fundamentally Ethereum is going from strength to strength. Network activity is up, development is on track, an upgrade is imminent, and DeFi is hitting record figures. Yet ETH prices have fallen again so what is going on? Ethereum Network Strengthens Despite a flurry of FUD from Bitcoin maximalists and rival network supporters, Ethereum is still.

293 +

Amount of Ether Locked in DeFi Is Growing Despite Price Slump

2.7 million Ether are currently locked in decentralized finance applications, a new record

193 +

Binance Partners With Chainlink For ‘Next-Gen DeFi Applications’

Cryptocurrency exchange operator Binance have announced a new collaboration with Chainlink. The partnership will see Binance connecting its crypto data to other blockchain platforms. The move is part of a broader effort to support the expansion of Decentralized Finance (DeFi).

339 +

Investor: Ethereum fundamentals are strong despite 88% drop from ATH

The Ethereum (ETH) price has dropped by 88 percent from its record high at $1,448, showing a sluggish price trend year-to-date. Yet, according to investor Spencer Noon, the fundamentals of the asset remain strong as the total value of Ether locked in DeFi apps continues to increase.

208 +

Ethereum DeFi Products Hit Milestone as ETH Falls Against Bitcoin

DeFi on Ethereum Gains Steam Decentralized finance, best known as DeFi, has rapidly gained steam on Ethereum — despite the fact that ETH is currently falling against Bitcoin, reaching multi-year lows over the past few...

293 +

After QuadrigaCX: New Regulations for Canadian Exchanges Are in the Works

As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.

698 +