The data from Messari shows that all the platforms built on Ethereum have a combined market cap of $63.7 billion. This is nearly 20% of the total market capitalization of the coin.
This past week, Bitcoin added more than 23% and managed to break one of this year’s high at $10,500 per coin.
Ethereum went live five years ago changing the entire blockchain and crypto sector with developers envisioning a new form of money and social interactions and it has so far revolutionized the nascent industry.
According to a statement on the firm’s Twitter account on July 28, Grayscale currently has $5.1 billion in crypto funds under management.
For the first time in the history of Ethereum, its futures contract has generated unprecedented interest as it has eclipsed $1 billion. This indicates that the biggest altcoin enjoys greater adoption, sending signals that speculators are backing Ethereum.
BTC was able to provide a daily return of 11.15%.
The first mission of the Eth2 validator launchpad is to make it possible and simple for its validators to educate themselves about all aspects of the process.
After being defeated by Compound last month, MakerDAO is back as a top DeFi protocol owing to the recent Ethereum price surge.
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Ethereum (ETH) price jumped to over $300 in a major rally as the Ethereum network sees a significant surge in daily transactions. The price rally comes as the developers plan to launch the Ethereum testnet on August 4.
On Thursday, July 23, Ethereum price that was moving higher just yesterday consolidated near $260-265.
The cryptocurrency market was overwhelmed by bulls over the last 24 hours.
Bitcoin is going to reach $1 trillion in settlement in 2020, while stablecoins have already seen their biggest year ever. The stablecoin monetary base increased by $3.8 billion.
The developers of the Ethereum 2.0 project will launch the network final public testnet on August 4, reaffirming the possibility of the release of ETH 2.0 in 2020.
Bitcoin had another disappointing week providing a negative weekly return of 1.60%.