While it could be argued that new market entrants are coming to extract value from the market and leave, it appears that this must be a fringe case. Since the beginning of 2020, stablecoin supply has been almost “up only,” hinting that users may sell into stablecoins, but they are not leaving the industry. Source link … [Read more...] about Can Stablecoin Supply Measure Ethereum Adoption?
Ethereum
Perpetual Protocol v2 launches on Ethereum layer-2 solution Optimism
Perpetual Protocol, a decentralized perpetual futures exchange, has moved to Ethereum’s Layer 2 Optimistic roll-up scaling solution Optimism in its latest effort to provide the best-decentralized derivatives trading experience in crypto.The launch of Perpetual Protocol v2 (dubbed Curie) to Optimism Mainnet reduces the cost required to place a trade and speeds up trade … [Read more...] about Perpetual Protocol v2 launches on Ethereum layer-2 solution Optimism
Ethereum approaches a new ATH, but derivatives data reflects mixed emotions
Today Ether (ETH) price briefly touched $4,760, exciting investors and reminding the world that the altcoin is a mere 2.2% below the $4,870 all-time high reached 20 days ago. While the spot price action might be intriguing, let’s see what’s happening in Ether’s derivatives markets.Ether ETH/USD price at Bitstamp. Source: TradingViewWhile it is possible to draw a descending … [Read more...] about Ethereum approaches a new ATH, but derivatives data reflects mixed emotions
Avalanche, Layer 1 Tokens Soared in November as Ethereum Fees Drove Competition
“The amount of hype, as well as projects being built in the metaverse, gaming and NFT spaces, is bullish for these blockchains that are designed to build dApps on top of,” said Alexandre Lores, an analyst at Quantum Economics. NFT refers to non-fungible tokens, which can represent interest in property, clothing, weapons or other items within games and virtual-reality worlds. A … [Read more...] about Avalanche, Layer 1 Tokens Soared in November as Ethereum Fees Drove Competition
Ethereum founder Vitalik Buterin proposes fix for high gas fees
Crypto billionaire Vitalik Buterin has suggested a new short-term solution to curb soaring gas prices on the Ethereum network. The solution involves a new network upgrade that reduces the transaction calldata cost as well as limits the total transaction call data in a single block. Surging gas fee prices on Ethereum have constantly plagued the network where investors have been … [Read more...] about Ethereum founder Vitalik Buterin proposes fix for high gas fees