Since the start of the year, the amount and value of liquid staking derivatives (LSDs) have increased dramatically; since January 6, 1.56 million ether have been added to LSD protocols. In the past two months, the total value of Ethereum kept has increased by $26.85 billion. The LSD Market Is Booming: Ethereum Holdings Passs $54 … Read more
The Uniswap community has overwhelmingly approved a proposal to reward UNI token holders who stake and delegate their tokens, marking a significant governance decision. With over 10 million UNI tokens pledged in support of the upgrade, which aims to revitalize the protocol’s decision-making process, it has received overwhelmingly positive feedback. A historic vote establishing new … Read more
A research on money laundering trends by Chainalysis states that in 2023, the value of cryptocurrency transmitted by unlawful addresses dropped from $31.5 billion to a minimum of $22 billion, a decrease of nearly $10 billion. The reduction is attributed by the research to the general decline in the numbers of cryptocurrency transactions, both legal … Read more
The Dydx Foundation announced this week that the Dydx Chain Community Treasury had granted them a $30 million donation. This funding is intended to give the foundation an extra three years of operating capability, which will make it easier to carry out the project’s strategic plan. The Dydx Foundation for Improved Ecosystem Innovation Receives $30 … Read more