Crypto-news

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,…

The memecoin frenzy has seen trending memecoins, such as Pepe, Floki, Bonk and others, record a massive rally over the past week. The memecoins have recorded a price surge of over 500% and a nearly 3,000% surge in trading volume. According to data shared by Santiment, on average, Pepe, Floki (FLOKI), Shiba Inu and Bonk (BONK)…

Crypto stablecoin Tether has crossed an all-time high market capitalization of $100 billion, posting a 9% year-to-date growth and furthering the gap between its next-largest rival, USD Coin. USDT momentarily hit its $100 billion milestone on March 4 as the market capitalization fluctuates based on the current price and circulating supply, according to data from CoinGecko. It’s over…