The TON blockchain, which powers Telegram’s new advertising platform, continues to attract significant investment from Web3 players looking to tap into its 800 million monthly active user base. Mirana Ventures is the latest firm to invest in the TON ecosystem after acquiring $8 million of the network’s native Toncoin token. The investment is set to…

Seamless Protocol is launching an Integrated Liquidity Market (ILM) on Lido for wrapped staked Ethereum (wstETH), offering borrowing strategies for tokenholders seeking an alternative to traditional restaking. According to Seamless, the ILM will enable stakers on Lido to automatically use a borrowing strategy and compound positions on wstETH, meaning that it automatically reinvests the returns…

Of the 44 active Ethereum layer-2 (L2) blockchains in existence today, “only a few” will still be around in five years, said Kenny Li, co-founder and chief operating officer of Manta Pacific. According to data from L2Beat, there are currently a total of 44 active Ethereum L2 networks, boasting a combined total value locked (TVL) of $36.92 billion,…

Ethereum staking protocol EigenLayer has shot past lending protocol Aave in its total value locked (TVL), with $10.4 billion worth of crypto committed to the protocol after temporarily removing a cap on how much users could stake. On March 5, EigenLayer hit an all-time high TVL of $11 billion, surpassing Aave’s 21-month high $10.7 billion…

Major stablecoin issuer Tether has launched a recovery tool to migrate its Tether stablecoin between different blockchains amid USDT hitting a $100-billion market capitalization. Tether announced the launch of a blockchain recovery plan on March 4 to ensure stable access to USDT in case of disruptions faced by one of multiple blockchain networks used for USDT transactions. According…

Crypto traders using options and futures to gain exposure to Bitcoin are out of pocket a staggering $1 billion after the cryptocurrency crashed more than 14% from its new all-time high of $69,200 on March 5. In a March 6 post to X, on-chain analytics provider Santiment wrote that the total open interest (OI) on exchanges for Bitcoin,…