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“# Ether sails past BTC’s daily volume as Grayscale ETH Trust trades at 11% premium ” Ethereum is seeing renewed interest in the aftermath of Bitcoin’s travails this week, with Ether’s 24-hour trade volume topping BTC’s by a significant margin. However it’s still a long way from doubling Bitcoin’s volume as some ETH proponents suggested….
“# DEX volumes have already surpassed $120b in 2021 ” Ethereum-powered decentralized exchanges, or DEXes, continue to surge despite high transaction fees — with DEXes processing more than $120 billion in 2021 so far. According to Ethereum market analytics platform Dune Analytics, combined DEX volumes posted a new record of $63 billion in January. February’s volume…
“# Four of the top 70 crypto assets by market cap are Bitcoin ” Tokenized Bitcoin is booming, with the increasing demand from DeFi combined with BTC’s recent meteoric price rise has resulted in three Bitcoin tokenization protocols ranking among the 70 largest crypto markets. According to popular market data aggregators CoinGecko and CoinMarketCap, Wrapped…
“# Multiple DeFi mainstays crack top 20 in long-awaited ‘Great Repricing’ ” Hardcore decentralized finance (DeFi) adherents woke up today to a long-awaited sight on Coingecko’s top 100 rankings by marketcap: native tokens for popular DeFi platforms Synthetix and Aave have cracked into the top 20, an event DeFi observers have heralded as “The Great…
“# Telling the truth? How crypto data aggregators fight fake exchange volumes ” Today, cryptocurrency data aggregators are tasked with being the first point-of-contact for newbies entering the space and also providing up-to-date information to experienced users. While the COVID-19 pandemic has caused a global economic downturn, the crypto industry is booming. Previously skeptical investors…
“# CoinGecko challenges CoinMarketCap’s dominance as a crypto market resource ” The gap is narrowing between crypto analytics providers CoinMarketCap and CoinGecko when it comes to the number of website visits each receives per month. According to a Dec. 1 report from news outlet The Ken, CoinGecko had 20.6 million monthly desktop and mobile visitors…