Crypto exchange Coinbase, bank Silvergate Capital and trading platform Robinhood are expected to post the strongest results relative to estimates, the bank said in a note published Tuesday. Goldman expects total crypto-trading revenue at Coinbase and Robinhood to rise 62% and 18%, respectively, from the previous quarter. Source link … [Read more...] about Goldman Bullish on Online Brokers’ 4Q Earnings Due to Crypto Activity, Retail Trading
Activity
Polygon network activity spikes as NFT sales reach new height
The number of nonfungible tokens (NFT’s) sold on the layer-two protocol Polygon reached an all-time high last month at just short of 2 million. According to Dune Analytics, this marks a near 60% rise in comparison to November and the third consecutive monthly increase for the network.An Ethereum-based scaling solution seeking to construct, distribute and manage securities on … [Read more...] about Polygon network activity spikes as NFT sales reach new height
BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain
Burning BNB, which involves sending tokens to an inaccessible wallet, effectively removes them from circulation forever. It was initially introduced as a mechanism to accrue value and grow Binance. But as the broader crypto market grew and Binance Smart Chain was launched, BNB found uses beyond simply being an exchange token. It is the third-largest coin by market value, … [Read more...] about BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain
Airdrop rumors result in a swarm of activity on MetaMask Swap and Polygon
Five to six-figure-size airdrops have become the new norm in the crypto sector and a growing number of analysts believe there are more to come. In September dYdX distributed a massive airdrop to early users and last week the Ethereum Name Service gave out roughly $17,000 to $30,000 in ENS tokens to platform users. Anticipation of additional "helicopter money" has also led to a … [Read more...] about Airdrop rumors result in a swarm of activity on MetaMask Swap and Polygon
DeFi dApps show low growth compared to Ethereum activity, JPMorgan finds
Over the past year, DeFi’s rise has been aggressive in terms of prices; however, this is just the face value as its growth, volume-wise, leaves a lot to discuss. This was revealed by an analysis carried out by strategists at JPMorgan.DeFi’s growth has been slow but steadyAccording to the report, DeFi’s growth, in terms of dollar rise of Ethereum, is up by 780% this year. ETH, … [Read more...] about DeFi dApps show low growth compared to Ethereum activity, JPMorgan finds