The 3 main drivers of growth for the Ethereum market are related to its utility and plans to launch an institutional product based on ETH, which was recently announced
Ethereum 2.0 phase 0 was launched on December 1 after potential validators have collected enough ETH. The initial target of 524,288 ETH for blocking in the smart contract for staking has been met and users continue to send their Ether.
According to Dune Analytics, $ 1.2 billion has been blocked in the contract so far.
DeFi based on Ethereum
⚠️ Another reason dates back to 2020: decentralized finance or simply DeFi.
Numerous ETH-based DeFi applications have had great success this year, such as:
📍Yearn. finance
📍Chainlink
📍Wrapped Bitcoin
📍Compound
📍Uniswap
📍SushiSwap etc.
However, some of these projects, such as YAM, have also failed due to the high investor interest in them.
In addition, several DeFi apps fell victim to hackers this year, losing large amounts of ETH from their users.
⚠️ Another likely reason for the rise in ETH is the ongoing rally in BTC.
Over the weekend, the largest cryptocurrency managed to climb from below $ 25K to show a short-term rise above $ 28K, and then retrace to a level above $ 26K 🤑📈
In addition, the third major currency, XRP, has come under fire over the past week after the US regulator, the SEC, filed a lawsuit against Ripple, accusing it of selling XRP as an unlisted security for the past eight years and making more than a billion dollars from those sales. US dollars.
Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have also been indicted by the regulator.
These two factors also likely played a role in ETH's rise.
Ethereum 2.0 phase 0 was launched on December 1 after potential validators have collected enough ETH. The initial target of 524,288 ETH for blocking in the smart contract for staking has been met and users continue to send their Ether.
According to Dune Analytics, $ 1.2 billion has been blocked in the contract so far.
DeFi based on Ethereum
⚠️ Another reason dates back to 2020: decentralized finance or simply DeFi.
Numerous ETH-based DeFi applications have had great success this year, such as:
📍Yearn. finance
📍Chainlink
📍Wrapped Bitcoin
📍Compound
📍Uniswap
📍SushiSwap etc.
However, some of these projects, such as YAM, have also failed due to the high investor interest in them.
In addition, several DeFi apps fell victim to hackers this year, losing large amounts of ETH from their users.
⚠️ Another likely reason for the rise in ETH is the ongoing rally in BTC.
Over the weekend, the largest cryptocurrency managed to climb from below $ 25K to show a short-term rise above $ 28K, and then retrace to a level above $ 26K 🤑📈
In addition, the third major currency, XRP, has come under fire over the past week after the US regulator, the SEC, filed a lawsuit against Ripple, accusing it of selling XRP as an unlisted security for the past eight years and making more than a billion dollars from those sales. US dollars.
Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have also been indicted by the regulator.
These two factors also likely played a role in ETH's rise.
The first SEC pre-trial conference on the case against Ripple will take place on February 22. Meanwhile, a large-scale boycott of XRP is only gaining momentum, many companies and exchanges refuse to work with this cryptocurrency. Grayscale especially distinguished itself, which out of 35 million XRP has already sold 9 million and is clearly not going to stop there. Although the chart already gives quite a bullish picture.
I brought you news.
If you take a close look at the Top-100 CoinMarketCap, you will notice that about a third of all coins are somehow connected with DeFI protocols or smart contracts on the air. That is, it is definitely a trend that is driving the market higher.
But there is one and important problem that hindered development - the cost of gas / transactions on the Ethereum blockchain. Of course, when you know where you can iksanut this does not repulse, but to attract an ordinary user this is a problem.
For example:
Average cost per 1inch transaction - 15 $
Balancer transaction - $ 10
Uniswap v2 - $ 12
Release NFTs collection on Rarible - $ 350
What to do about it and how to attract new users?
This question was thought about earlier, which is why we are smoothly moving on to ETH 2.0 + the release of the protocol with the strange name Optimism is expected. This protocol will be used in the first phase by Defi projects Aave, Uniswap, and SNX.
This will lead to the fact that the cost of transactions will be almost equal to 0 and there will be practically no sense in using centralized instruments.
If you take a close look at the Top-100 CoinMarketCap, you will notice that about a third of all coins are somehow connected with DeFI protocols or smart contracts on the air. That is, it is definitely a trend that is driving the market higher.
But there is one and important problem that hindered development - the cost of gas / transactions on the Ethereum blockchain. Of course, when you know where you can iksanut this does not repulse, but to attract an ordinary user this is a problem.
For example:
Average cost per 1inch transaction - 15 $
Balancer transaction - $ 10
Uniswap v2 - $ 12
Release NFTs collection on Rarible - $ 350
What to do about it and how to attract new users?
This question was thought about earlier, which is why we are smoothly moving on to ETH 2.0 + the release of the protocol with the strange name Optimism is expected. This protocol will be used in the first phase by Defi projects Aave, Uniswap, and SNX.
This will lead to the fact that the cost of transactions will be almost equal to 0 and there will be practically no sense in using centralized instruments.
Plantain for BTC
Every time BTC starts to "decentralize to the people" or grow in a negative direction, go to the plantain site.
https://www.bybt.com/Grayscale
Grayscale Bitcoint Trust Flows shows how much BTC flows towards the GBTC fund on weekdays.
On Friday, "Grayscale" gained another 5130 BTC at the current rate. We are waiting for Monday and the buy anyprice anyway button.
Every time BTC starts to "decentralize to the people" or grow in a negative direction, go to the plantain site.
https://www.bybt.com/Grayscale
Grayscale Bitcoint Trust Flows shows how much BTC flows towards the GBTC fund on weekdays.
On Friday, "Grayscale" gained another 5130 BTC at the current rate. We are waiting for Monday and the buy anyprice anyway button.
🎉50,000 users have been waiting for this!
🔥January 27, new Nimbus functionality goes LIVE!
💎Nimbus launches a new DeFi platform that lets you participate in top financial opportunities with crypto - IPOs, Startup Financing, and more. All via one DAO-governed ecosystem and one token: NBU.
NBU lets you partake in 10+ pools with clear mechanisms behind each, including:
✅IPO participation
✅Startup Crowdfunding
✅Arbitrage-Trading (its centralized version is used by 50,000 people)
✅P2P lending, and more
What else you should know?
🔷Major Liquidity Providers support
🔷Anti pump&dump strategy in place
🔷DAO where only 10% governance tokens belong to Nimbus
🔷Proven security and compliance, top team
‼️🚀Don’t miss the Launch: 8:00 AM CET, January 27
🤑Get your NBUs while the price is low: http://app.nimbusplatform.io
Chat: t.me/Nimbus_Platform_ENG
News: t.me/nmbplatform
Web: nimbusplatform.io
🔥January 27, new Nimbus functionality goes LIVE!
💎Nimbus launches a new DeFi platform that lets you participate in top financial opportunities with crypto - IPOs, Startup Financing, and more. All via one DAO-governed ecosystem and one token: NBU.
NBU lets you partake in 10+ pools with clear mechanisms behind each, including:
✅IPO participation
✅Startup Crowdfunding
✅Arbitrage-Trading (its centralized version is used by 50,000 people)
✅P2P lending, and more
What else you should know?
🔷Major Liquidity Providers support
🔷Anti pump&dump strategy in place
🔷DAO where only 10% governance tokens belong to Nimbus
🔷Proven security and compliance, top team
‼️🚀Don’t miss the Launch: 8:00 AM CET, January 27
🤑Get your NBUs while the price is low: http://app.nimbusplatform.io
Chat: t.me/Nimbus_Platform_ENG
News: t.me/nmbplatform
Web: nimbusplatform.io
🌶 Key News of Governance Tokens
- Yearn proposes to create another 6,666 YFI (1 YFI ~ $ 31,000) to fund future protocol developments.
- Maker approves higher debt ceilings for ETH-A and WBTC-A.
- Aave suggests adding support for 1INCH control token.
- Index Coop votes to continue further research proposed by Pulse Inc. flexible leverage index (FLI).
- Curve discusses how to distribute the commission received from the asset exchange through Synthetix.
Governance tokens give their owners the right to influence decisions, protocol, product or roadmap of functions, as well as changes in governance parameters. ... Another common form of project management is token-based treasury management.
- Yearn proposes to create another 6,666 YFI (1 YFI ~ $ 31,000) to fund future protocol developments.
- Maker approves higher debt ceilings for ETH-A and WBTC-A.
- Aave suggests adding support for 1INCH control token.
- Index Coop votes to continue further research proposed by Pulse Inc. flexible leverage index (FLI).
- Curve discusses how to distribute the commission received from the asset exchange through Synthetix.
Governance tokens give their owners the right to influence decisions, protocol, product or roadmap of functions, as well as changes in governance parameters. ... Another common form of project management is token-based treasury management.
Circle makes it easier for US customers to purchase USDC stablecoin
Circle announced the addition of Automated Clearing House (ACH) payment support, which will allow US users to buy USD Coin (USDC) stablecoin and use the Circle API to integrate various products and protocols using USDC. US customers use ACH to transfer funds between regulated banking institutions, pay bills, and withdraw funds from their bank accounts.
ACH support will allow businesses to easily accept and convert bank transfers to USD and vice versa. Circle and crypto exchange Coinbase jointly support USDC. Crypto exchange FTX has already integrated the Circle API and the ACH service.
“API Circle provides us with a fast and reliable infrastructure to connect customer bank transfers to our new retail products,” FTX founder Sam Bankman-Fried said in a press release. "And with seamless settlement in USDC through Solana and Ethereum, FTX can improve the user experience for crypto investors."
USDC was launched in September 2018 and has since become the second most popular stablecoin. Its $ 5.5 billion offer is second only to Tether with a capitalization above $ 25 billion. During 2020, USDC's supply has grown by almost 700%.
Circle announced the addition of Automated Clearing House (ACH) payment support, which will allow US users to buy USD Coin (USDC) stablecoin and use the Circle API to integrate various products and protocols using USDC. US customers use ACH to transfer funds between regulated banking institutions, pay bills, and withdraw funds from their bank accounts.
ACH support will allow businesses to easily accept and convert bank transfers to USD and vice versa. Circle and crypto exchange Coinbase jointly support USDC. Crypto exchange FTX has already integrated the Circle API and the ACH service.
“API Circle provides us with a fast and reliable infrastructure to connect customer bank transfers to our new retail products,” FTX founder Sam Bankman-Fried said in a press release. "And with seamless settlement in USDC through Solana and Ethereum, FTX can improve the user experience for crypto investors."
USDC was launched in September 2018 and has since become the second most popular stablecoin. Its $ 5.5 billion offer is second only to Tether with a capitalization above $ 25 billion. During 2020, USDC's supply has grown by almost 700%.
📖 The trading volume on decentralized exchanges for incomplete January exceeded $ 50 billion. Uniswap is the constant leader in this segment.
In August last year, Uniswap surpassed the largest US exchange Coinbase in terms of trading volume. In September, it launched its own UNI token, the excitement around which has served as a powerful driver for further growth in the DeFi sector.
Uniswap is preparing to launch the third version of the platform, which promises to be faster, more scalable and capital efficient. The upgrade is expected to take place in the first quarter of 2021.
In August last year, Uniswap surpassed the largest US exchange Coinbase in terms of trading volume. In September, it launched its own UNI token, the excitement around which has served as a powerful driver for further growth in the DeFi sector.
Uniswap is preparing to launch the third version of the platform, which promises to be faster, more scalable and capital efficient. The upgrade is expected to take place in the first quarter of 2021.
📲 Team #EGLD today launches financial decentralized application from Elrond - Maiar.com
There is information that an Airdrop from EGLD is possible
Maiar.com You can register at the link. In two clicks.
There is information that an Airdrop from EGLD is possible
Maiar.com You can register at the link. In two clicks.
Xportal
xPortal - The Crypto Super App
The crypto super app with over 2.5 million users. Invest in what you believe, spend globally with a crypto card and earn yield across DeFi and stablecoins.
How the crypto market has changed over the past six months: 6 trends
🔹 The market is certainly on the rise. The first leap was in August-September, when DeFi projects flooded. The second was at the beginning of this year, when Bitcoin hit its highs.
🔹 ICOs are not dead. The market has no memory, like a fish, so those who come to the market do not see any problem in doing a token sale: no one knows about the sad statistics on the fundraising of predecessors. ICO DeFi is a trend.
🔹 IEO DeFi is also a trend. Think IEOs are out of fashion? Yes, market volumes have dropped. If for the IEO the exchange in the summer of 2019 received a total of $ 1-2 million, now I estimate the indicator at $ 300k (I could be wrong, the guys from ListingHelp know better). Every third sale on the exchange runs a DeFi project.
🔹 Blockchain marketing agencies are also doing well (of course, we are talking about those who knew how to sell themselves until the last rise). In terms of budget structure, there are 3 main areas: a. traffic (media, context), b. influencers, c. PR. Half of the major agencies have died since 2017/18, but now, for the first time in years, new ones are emerging.
🔹 The Russian crypto market is keeping pace with international growth. The number of requests in Yandex related to the development of smart contracts, the launch and promotion of blockchain startups has doubled over the year. True, if we compare the number of requests at the beginning of 2018 and now, then we have a drop by 3/4.
🔹 By geolocation: South Korea, and the entire Asian market, has lost interest in the eyes of blockchain projects. A year or two ago, ICO / IEO projects from Russia, Europe specially made South Korean versions of sites in order to target this market - now there is no such thing.
🔹 The market is certainly on the rise. The first leap was in August-September, when DeFi projects flooded. The second was at the beginning of this year, when Bitcoin hit its highs.
🔹 ICOs are not dead. The market has no memory, like a fish, so those who come to the market do not see any problem in doing a token sale: no one knows about the sad statistics on the fundraising of predecessors. ICO DeFi is a trend.
🔹 IEO DeFi is also a trend. Think IEOs are out of fashion? Yes, market volumes have dropped. If for the IEO the exchange in the summer of 2019 received a total of $ 1-2 million, now I estimate the indicator at $ 300k (I could be wrong, the guys from ListingHelp know better). Every third sale on the exchange runs a DeFi project.
🔹 Blockchain marketing agencies are also doing well (of course, we are talking about those who knew how to sell themselves until the last rise). In terms of budget structure, there are 3 main areas: a. traffic (media, context), b. influencers, c. PR. Half of the major agencies have died since 2017/18, but now, for the first time in years, new ones are emerging.
🔹 The Russian crypto market is keeping pace with international growth. The number of requests in Yandex related to the development of smart contracts, the launch and promotion of blockchain startups has doubled over the year. True, if we compare the number of requests at the beginning of 2018 and now, then we have a drop by 3/4.
🔹 By geolocation: South Korea, and the entire Asian market, has lost interest in the eyes of blockchain projects. A year or two ago, ICO / IEO projects from Russia, Europe specially made South Korean versions of sites in order to target this market - now there is no such thing.