260914
IntoTheBlock
@intotheblock #260914
Get Intelligent Access to DeFi | Market Intelligence Platform and Advanced DeFi
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Despite leveling activity among Layer 2s, Base continues to attract the most new capital.
Since Monday, net ETH deposits to Base have surpassed 6,500 $ETH, more than double that of Arbitrum and five times as much as Optimism.
Since Monday, net ETH deposits to Base have surpassed 6,500 $ETH, more than double that of Arbitrum and five times as much as Optimism.
Since the announcement of the eigenlayer mainnet launch and the introduction of eigenDA, LRTs have witnessed a significant spike in transaction volume, primarily driven by anticipation around the potential EigenDA airdrop and the future earnings from AVS fees.
The number of transactions on ETH layer 2s has skyrocketed following the Dencun upgrade.
➖The number of transactions settled on the top L2s has increased by 196% to 5.67M.
➖Base currently processes ~57% of these transactions, followed by Arbitrum and Optimism with 31% and 11% respectively
➖The number of transactions settled on the top L2s has increased by 196% to 5.67M.
➖Base currently processes ~57% of these transactions, followed by Arbitrum and Optimism with 31% and 11% respectively
Number of transactions on ETH L2s
Eigenlayer TVL
Ethereum Layer 2 transaction volume over time👇
The TVL on Eigenlayer is approaching $10Bn!
Curious about more insights? Check out our newly released restaking Perspective: 🔗https://app.intotheblock.com/perspectives/eigenlayer_restaking
Curious about more insights? Check out our newly released restaking Perspective: 🔗https://app.intotheblock.com/perspectives/eigenlayer_restaking
Worldcoin prices increased by more than 200% in the last 14 days, hitting a market cap of 1bn. The FDV of $WLD is currently around $81bn, surpassing that of OpenAI!
Introducing StakeWise DeFi Risk Radar on IntoTheBlock!
Maximize your staking strategy on @stakewise with over 20 advanced risk indicators🔒
https://medium.com/intotheblock/introducing-the-stakewise-risk-radar-on-intotheblocks-defi-risk-radar-a518894a83b7
Maximize your staking strategy on @stakewise with over 20 advanced risk indicators🔒
https://medium.com/intotheblock/introducing-the-stakewise-risk-radar-on-intotheblocks-defi-risk-radar-a518894a83b7
ETH is extremely close to breaking $3k.
➖About 1.2m addresses would become profitable as Ethereum breaks $3k
➖Many of these have been out of profit for 2 years and may look to break even at this psychological level
➖The most likely scenario is that this level is cleared without significant difficulty
➖About 1.2m addresses would become profitable as Ethereum breaks $3k
➖Many of these have been out of profit for 2 years and may look to break even at this psychological level
➖The most likely scenario is that this level is cleared without significant difficulty
CDPs are back in the spotlight, thanks to tokens like sDAI & wsETH. Yet, they bring inherent risks. Our latest article breaks down these risks and how to analyze them👇
https://medium.com/intotheblock/exploring-the-economic-risks-of-cdp-stablecoins-ba077add4f1a
https://medium.com/intotheblock/exploring-the-economic-risks-of-cdp-stablecoins-ba077add4f1a
To control your risk, analyzing the different levels at which risk can accumulate in DeFi protocols is essential.
https://twitter.com/intotheblock/status/1759578295396393213
https://twitter.com/intotheblock/status/1759578295396393213
Fees on Ethereum increased a whopping 61.5% this week as on-chain demand ramping up to its highest since the May 2023 meme token frenzy
Risk management is one of the most complex aspects of deploying capital in DeFi. In this article, we highlight the different levels at which risk can accumulate in DeFi protocols
https://medium.com/intotheblock/four-levels-of-risk-management-in-defi-2a1173465a46
https://medium.com/intotheblock/four-levels-of-risk-management-in-defi-2a1173465a46
Exploring Bridges Volume 👇
➖Circle's CCTP is the clear leader in volume recently
➖Arbitrum Bridge and Synapse are number 2 & 3 respectively, both performing strongly in recent weeks.
➖Despite the ZK rollup sector cooling down, ZKSync maintained ~$120M in weekly transactions
➖Circle's CCTP is the clear leader in volume recently
➖Arbitrum Bridge and Synapse are number 2 & 3 respectively, both performing strongly in recent weeks.
➖Despite the ZK rollup sector cooling down, ZKSync maintained ~$120M in weekly transactions
Last chance to sign up for our webinar tomorrow, where we'll discuss the next phase of DeFi!👇
🔗 https://us02web.zoom.us/webinar/register/2517056685247/WN_SitDtnmoS_-WQ9glvDSSFg
🔗 https://us02web.zoom.us/webinar/register/2517056685247/WN_SitDtnmoS_-WQ9glvDSSFg
The ETH staking participation rate just broke 25%
🌟Arbitrum has consolidated as the DeFi leader among L2s!
➖ The Network consistently has over 50% of the ETH transaction volume between the top optimistic rollups.
➖ It has over $2.7B in total value locked across 500+ applications
➖DEXs on arbitrum have processed over $1.7B in volume in the last week alone
➖ The Network consistently has over 50% of the ETH transaction volume between the top optimistic rollups.
➖ It has over $2.7B in total value locked across 500+ applications
➖DEXs on arbitrum have processed over $1.7B in volume in the last week alone
23% of Cardano holders have held their $ADA for more than 5 years💎
$DAI processed more than 50% of all stablecoin volume for the past two weeks and has been the dominant stablecoin in terms of transaction volume since late 2023.
https://app.intotheblock.com/perspectives/stablecoins
https://app.intotheblock.com/perspectives/stablecoins
The number of daily new Dogecoin addresses hit an ATH on the 2nd of February, with 500k new addresses in a single day.
Ethereum Name Services ($ENS) domains has announced an integration with Godaddy. News like this can often be a catalyst for price moves. In the case of $ENS, significant on-chain resistance levels start around $23. Will $ENS make the move to $23?
Better risk management is the key catalyst for the institutional adoption of DeFi. Our latest research paper explores the nature of risk in DeFi and how to formulate your strategy. Download it for free👇
https://defirisk.intotheblock.com/institutional-defi-unlocked
https://defirisk.intotheblock.com/institutional-defi-unlocked