The Ronin bridge, an Ethereum sidechain designed to facilitate the growth of the Axie Infinity universe, has had a mountain to climb following its major exploit in April, which led to hundreds of millions of dollars being stolen by hackers. A report from Nansen Alpha exclusively shared with CryptoSlate identified the state of the ecosystem … Read more
Two addresses have processed over 45% of Ethereum (ETH) transactions since the blockchain network completed its transition to a proof-of-stake (PoS) consensus mechanism, according to Santiment data. đź“Š According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to … Read more
The largest liquidation candle in a month wiped out most of the gains Ethereum posted following the Merge. Following its transition to a Proof-of-Stake network, ETH touched $1,640 in what many believed would be the beginning of a rally. However, aggressive liquidation pushed its price below $1,500, with ETH standing at around $1,480 as of … Read more
Disclaimer:Â The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. At press time, Ethereum [ETH] stood on the precipice of the Merge. The next few hours of trading will reveal how the market participants feel as Ethereum switches to Proof of Stake (PoS). A huge … Read more
Disclaimer:Â The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum [ETH] registered an over 24% hike in the last two weeks after taking a u-turn from its two-month support around the $1,442-zone. With the $1,790-resistance coinciding with the upper trendline of the up-channel (yellow), … Read more
According to on-chain data, as the merge approaches, the dominant behavior across the Ethereum network is to HODL. Coins held by Ethereum investors are maturing to showcase a higher number of HODLers unwilling to sell. Within the Ethereum ecosystem, just under 60% of investors have held for more than one year, compared with Bitcoin, which … Read more
The Ethereum Beacon chain is a ledger of accounts that conducts and coordinates the network of stakers. It was designed to replace proof-of-work (PoW) mining on the current Ethereum Mainnet. Blockchain analytics platform Glassnode and crypto price tracking platform CoinMarketCap released a new report. The newly published report assessed the state of the Ethereum Beacon … Read more
DappRadar, in a new report, found that the overall total value locked (TVL) within the decentralized finance ecosystem (DeFi) declined by 10.47% in August. The total TVL now stood at $58.4 billion. According to the data from DefiLlama, DeFi TVL sat at $250 billion less than eight months ago. With only $58.4 billion, total TVL … Read more
Disclaimer:Â The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In the span of two days, Ethereum [ETH] has managed to register gains of close to 12%. The price spent a good portion of the previous day consolidating beneath resistance. At the same time, volume … Read more
The biggest news in the cryptosphere for Sept. 8 includes Coinbase financing the lawsuit against the U.S. Treasury Department over Tornado Cash, Terra Classic’s community-led revival and an attack on the New Free DAO protocol. CryptoSlate Top Stories Bitcoin holds steady as ECB implements 75 bps rate hike Despite European Central Bank’s (ECB) announcement regarding … Read more
