Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
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%.
Brad Garlinghouse, Ripple CEO, at the Parallel Summit on July 17 expressed his opinion about the digital currency industry. He stated that China is a leader of it and admitted that he is awed by China’s approach.
The rise in the DeFi activity has got the Ethereum network transaction volumes to over 1 million and pushed it to its record high. The ETH 2.0 can majorly address the scalability issues for the Ethereum network.
The cryptocurrency market volatility never went up as a lot of assets are still “stuck” within their respective sideways channel.
Bitcoin enjoyed a bullish price action over the course of the past seven days providing investors a weekly return of 2.52%.
Buterin said that the first phase of Ethereum 2.0 is “in some ways simpler than eth1 and in some ways more complex.” Anyway, he believes that the launch will take place this year.
On Thursday, July 9th, ETH is declining a little after the preceding growth, however, it looks strategically confident and may keep on growing further. It is generally trading at $242.
Arca Labs received approval from the Securities and Exchange Commission for its U.S. Treasury Fund, an Exchange Traded Fund initiative that will run with Ethereum-backed ArCoin.