Zircuit, an EVM-compatible ZK Rollup, has reached a milestone as its staking Total Value Locked (TVL) has surpassed $2 billion. This comes after users deposited more than $80 million into the project in the last 24 hours. Although still in the testnet phase, the mainnet launch is anticipated later this summer. Zircuit Staking Deposits Surpass...Read More
On April 9, the EigenLayer team announced that the platform’s EigenDA, the first Available Validator Service, had launched on the Ethereum mainnet. The team added that over 4.1 million ETH had been restaked on EigenLayer, and over the past few weeks, 70% of all new Ethereum validators restaked to the platform. Moreover, restakers can now...Read More
In an effort to protect its decentralized crypto exchange (DEX) against potential security threats, the dYdX community has approved a proposal to stake 20 million DYDX tokens. This decision comes amidst a surge in trading activity experienced by the platform. dYdX Proposes Enhanced Security Measures The proposal presented by dYdX emphasized the necessity of increasing...Read More
A recent report by Coinbase Research uncovered that restaking has emerged as the second-largest sector in decentralized finance (DeFi) on Ethereum. The study highlights EigenLayer’s restaking protocol as an important component for new services and middleware on the Ethereum network, potentially offering significant ETH rewards for validators in the future. EigenLayer’s Restaking Protocol Ethereum’s proof-of-stake...Read More
On March 29, the firm announced its Grayscale Dynamic Income Fund (GDIF) stating that it is its first actively managed investment product. Grayscale added that the new fund aims to optimize income in the form of staking rewards associated with proof-of-stake crypto assets. It is the latest effort from the world’s largest crypto asset manager...Read More
The Ethereum network has reached a noteworthy milestone by attaining one million validators. Based on data from the Dune Analytics dashboard developed by Hildobby, the quantity of ETH staked has risen to 32 million, with an approximate value of $114 billion at current market rates. This figure accounts for 26% of the total Ethereum supply....Read More
Asset management firm Fidelity wants traders of its proposed spot Ethereum exchange-traded fund (ETF) to be able to stake their assets upon the product’s approval. The financial giant included the request in an amendment of its November 17 application to launch a spot Ethereum ETF in the United States. Fidelity Includes Staking in ETF Proposal...Read More
Ethereum staking could present challenges for crypto asset manager Grayscale if the SEC greenlights fund conversion for ETHE as it did for GBTC. These are the findings of BitMEX research, which added that if the SEC does not allow staking, then there will be large outflows from the firm’s ETHE fund, larger than those from...Read More
Ethereum’s staking has achieved a significant milestone, with approximately 25% of the entire ETH supply, equivalent to around 30 million coins, now being staked. Meanwhile, the ETH price has seen a 2.8% increase over the past day and is trading at $2,425. Ethereum Staking Soars On February 8, Lido, a prominent liquid staking platform, highlighted...Read More
The total value locked on Ethereum restaking protocol EigenLayer has surged 70% over the past week. Furthermore, it is currently at an all-time high of $3.4 billion, according to DeFiLlama. The reason for the surge is a reopening of deposits on the restaking platform and the removal of staking limits or caps. On Feb. 6,...Read More
Ethereum’s Shapella hard fork was a controversial upgrade that ignited fears of selling pressure. But the latest data tells a different story. In January 2024, Intotheblock’s data revealed the highest Ethereum staking rate, reaching approximately 30 million ETH staked, accompanied by a staking participation rate of over 24%. This milestone suggested a preference for staking...Read More
Metamask launched Validator Staking support on its wallets as of January 18. Users who wish to stake their tokens will need to have at least 32 ETH in their wallets to do so, which is the minimum requirement of the Ethereum network itself. Introducing Validator Staking on MetaMask Portfolio.🦊 With a 32 ETH deposit, we...Read More
The $MSR token will be a central component of the Messier.Art platform and it will power a wide range of features, services, and user-focused benefits. Messier.Art is a purpose-built NFT trading, staking, and collaboration hub for digital artists and collectors. It is an integrated ecosystem that comes with cutting-edge services and features that are designed...Read More
It has been nine years since BitKan was established. The cryptocurrency exchange has come a long way since its humble beginnings in 2012. In less than a decade, BitKan has withstood the ebb and flow of the crypto markets and grown to serve millions of users in over 170 countries. Since the launch of automated...Read More
With Ethereum 2.0’s (Consensus Layer) merge just around the corner, more and more businesses and institutions are looking to get into Ethereum staking. Of course, this feature became available in late 2020 on the Ethereum network as the first drop in a series of updates to help transition Ethereum from Proof-of-Work (PoW) to Proof-of-Stake (PoS)....Read More
By Rupmalini Sahu, Senior Product Manager At Coinbase, we’re focused on offering more ways for customers to earn crypto rewards. Today, we’re expanding our staking offerings to include Cardano (ADA) with plans to continue to scale our staking portfolio in 2022. Cardano is one of the top ten most valuable cryptocurrencies by market cap. It’s...Read More
Binance established Binance Smart Chain [BSC], a new blockchain a while ago and it has become popular among users. The platform that already homes over 100 projects has added a new service to BSC to keep up with the demands of its users. According to Binance Smart Chain news, Binance added delivery of ETH 2.0...Read More
Large pools are causing centralization. Cardano’s largest pools are currently over-staked. Though the exact statistics change over time, the issue has been observed for several weeks. AdaPools.org indicates that 18 of Cardano’s 249 active staking pools are saturated as of Jan. 4. In terms of value, 33% of all staked ADA has been allocated to...Read More
Fundamentally, Ethereum has had a solid year with growth on many fronts. Unfortunately the same cannot be said for price which has now returned to crypto winter levels. All cryptocurrencies, with the possible exception of one or two, are bearish at the moment but Ethereum is likely to bounce back stronger next year.Ethereum Fundamentals Still...Read More
Cardano’s incentivized testnet went live with promising results. Holders already staked 5.4 billion Ada, representing 17% of the coin supply. IOHK also announced that over 120 staking pools went online during the first day of operation, well on its way to its 1,000 pool target. Although some of the leading pools are operated by IOHK...Read More
Tezos, MakerDAO, and Decred show signs of plutocracy, thanks to concentrated token supplies and on-chain governance. CoinMetrics surveyed three blockchains with on-chain governance and discovered that their coin supplies are highly centralized among a small number of coinholders. The survey, published on Dec. 10, examines Tezos, Maker, and Decred — three blockchains that make development decisions...Read More
The future of finance is evolving and Ethereum based DeFi is at the forefront of it. This year has seen explosive growth in decentralized finance despite bearish crypto asset performance. 2020 is set to be even bigger with bold predictions of where DeFi will go next.2020 Could Be Huge for DeFiDecentralized finance has literally exploded...Read More
It has been another largely fruitless day for the majority of crypto assets but one is powering ahead regardless. Tezos has just made it into the top ten as the fundamentals for this altcoin keep improving.All Change in Crypto Top TenTezos is on fire again today with another surge of 18% as it powers into...Read More
Lending and borrowing crypto, a subset of DeFi applications, has quickly boomed into an almost billion-dollar industry. But does it pose a threat to Proof of Stake networks? The DeFi landscape includes lending protocols, security tokens, derivatives, and exchanges, and threatens to usurp traditional financial models into trustless protocols that leverage decentralized networks. The Rise...Read More
The weekend has seen marginal gains for most crypto assets as total market capitalization claws back above $200 billion. Tezos has been the clear leader in terms of performance though as it tops $1 billion market cap and closes in on a top ten position.Tezos Outperforming Crypto MarketsThe good news is that there has been...Read More
Staking has finally come to Wanchain (WAN), and investors are getting excited. WAN prices more than doubled over the weekend as buyers began stockpiling tokens for the launch of staking rewards, which is expected to begin on September 3. Wanchain saw a significant increase in trading volumes, and token prices nearly tripled – from $0.22...Read More
The merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. Staking with the company’s Flexacoin (FXC) will enable apps to trustlessly provide payments to merchants without any danger of malicious apps reversing a transaction after Flexa has transferred funds. The...Read More
Cardano is currently on the road to Shelley, an upgrade that will introduce staking for the first time via its Oroborous Genesis consensus mechanism. IOHK, Cardano’s development group, has been hard at work on the upgrade. For the most part, waiting is all that is left—here’s what you should expect from Cardano’s upcoming staking features....Read More
