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February 27, 2024
More than $2.1 billion has been locked on the Blast protocol as users eagerly await an airdrop slated for May. Ethereum layer-2 network Blast has crossed $2.1 billion in total value locked (TVL) just days ahead of its newly announced mainnet launch — slated for the end of this month. According to data from DefiLlama,...
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Network capacity is a growing issue for Ethereum. The Dencun upgrade may help, but the broader solution lies in multi-chain solutions — appchains and rollups. Ethereum (ETH) has its limitations. It was clear from the beginning that the existing technology would be unable to handle large volumes of transactions. With its increasing use cases across...
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Bitcoin targets new highs above $55,000. Will altcoins follow? Bitcoin (BTC) soared to a two-year high near $55,000 on Feb. 26, buoyed by the continued demand from the spot Bitcoin exchange-traded funds. CoinShares data shows that institutional investors pumped $570 million into Bitcoin investment products over the past seven days. Bitcoin ETFs have seen inflows...
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BlackRock’s IBIT made up more than 50% of the daily trading volume and even smashed its own daily record by more than 30%. Trading volumes for the “new nine” spot Bitcoin exchange-traded funds (ETF) have notched a new daily record as Bitcoin (BTC) surged as high as $54,938 on Monday.  Trading volumes for the nine...
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