Total crypto market cap falls to $840 billion, but derivatives data shows traders are neutral
The total cryptocurrency market capitalization dropped 1.5% in the past seven days to rest at $840 billion. The slightly negative movement did not break the ascending channel initiated on Nov. 12, although the overall sentiment remains bearish and year-to-date losses amount to 64%. Total crypto market cap in USD, 12-hour. Source: TradingView Bitcoin (BTC) price […]
Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth
The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the […]
1inch plugs into Klaytn as Asia continues to climb aboard
South Korea’s most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network. Klaytn has enjoyed success in South Korea as the country continues to see prolific nonfungible token (NFT) and GameFi use. Klaytn is a product of tech […]
Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T
The total crypto market capitalization has been trading within a descending channel for 24 days and the $1.65 trillion support was retested on May 6. The drop to $1.65 trillion was followed by Bitcoin (BTC) reaching $35,550, its lowest price in 70 days. Total crypto market cap, USD billion. Source: TradingView In terms of performance, […]
Decentralized exchange aggregator trading volumes surge to new highs
Trading volumes on popular decentralized exchange (DEX) aggregators have surged to new highs over the past few weeks. Decentralized exchange aggregators provide a way for token traders and swappers to scan several DEX platforms to get the best swap rates at the time. According to Dune analytics, popular DEX aggregators such as 1inch, 0x, and […]
1inch network sponsors crypto-themed animated NFT series
Decentralized exchange aggregator 1inch has partnered with an animated series which pokes fun at start-ups in a Silicon Valley-like setting. In a Friday announcement, 1inch said it would be sponsoring the non-fungible token, or NFT, series Take My Muffin in addition to providing its technical expertise for the show and introducing team members to projects […]
BitPay wallet integrates 1inch Network DEX aggregator
1inch Network, a major decentralized exchange (DEX) aggregator and automated market maker, is broadening its reach by partnering with the veteran crypto wallet provider BitPay. The two companies announced today that 1inch’s DEX aggregation functionality will from now on be available for all users of the BitPay wallet — an app that allows individuals to […]