The statistics that monitor the development of decentralized finance are clear. The DeFi industry is constantly growing and is probably still just warming up.
The cryptocurrency market currently accounts for more than 2% of the total global money supply, and DeFi industry is making a significant contribution to this figure. A number of institutional investors are interested in decentralized finance and perceive the potential for high returns on Bitcoin, altcoins and also stablecoins.
Ethereum reached a new ATH over the weekend, which even reached $ 4,200 today. It seems that it has still not stopped growing, so we are yet see what else it shows in terms of price. What is this growth driven by and what can we expect in the future?
The DeFi industry is still growing and the volume of Ether (ETH) locked in DeFi smart contracts has far surpassed the number recorded by crypto exchanges. It is clearly a bullish signal, which is also supported by the new Bank of Japan report, which took a closer look at the whole sector.
The biggest altcoin, Ethereum, has been benefiting from the hype of the DeFi world for quite some time. But the latest surge in the price makes this altcoin really stand out.
When it comes to tokens, there are simply no limits to the imagination. One could say that tokens are essentially smart contracts that use the Ethereum blockchain network. Today, let's talk about one of the most important token standards for the ETH network - the ERC-20.
Only 7 days ago we mentioned huge news regarding cryptocurrencies, especially Bitcoin. One of the biggest companies in the world right now, Tesla, has allowed payments in Bitcoin, which is in the sector believed to be one of the most important news of the year so far. It might be possible though that PayPal came with something even bigger.
While users and investors rejoice in this report that EIP-1559 is scheduled for July, ETH miners are not quite as thrilled. Nonetheless, that did not prevent developers from planning this update.
In the previous article, we introduced you to the largest and most well-known cryptocurrency Bitcoin. In this article, we will take a look at his “partner in crime”, which is the second-largest cryptocurrency. How does Ethereum work?
Among the most significant cryptocurrencies by market capitalization is the Cardano project, found by Charles Hoskinson, former co-founder of the Ethereum cryptocurrency. It is Ethereum that Cardano has the ambition to compete with in the future. In this article, we will walk you through the basic features of this ambitious project, built on strong academic foundations.
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