Ethereum network congestion rockets as ETH supply moves into smart contractsBTC $10,409 (-4.1%) • ETH $340 (-7.8%) • XRP $0.23 (-5.7%)
The Ethereum network has been placed under immense pressure to handle significant demand for its blockspace, with users interacting with smart contracts, DEXs, and AMMs directing massive transactional volume to the network. This has resulted in high fees – the likes of which have never been seen before. These high fees have driven investors’ capital towards other layer ones, with debates mounting regarding which “Ethereum killer” may capture a sizeable share of the market. One interesting trend that the DeFi crazed has created for Ethereum – in addition to sky-high fees – is a migration of ETH tokens away from centralized exchanges and into smart contracts. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Ethereum Classic is partnering with security firms to prevent further 51% attacks
Ethereum Classic (ETC) Labs — the code maintainer and non-profit behind the Ethereum fork — announced its partnership with two cybersecurity firms to prevent the repeated 51% attacks that the Ethereum Classic network suffers from. DeFi darling Yam—after suffering a $750,000 bug—is back: what you need to know
The venerable yield farming project that popularized food coins, Yam Finance (YAM), is finally back after a few weeks of hiatus. Here’s how the Norwegian Government now indirectly holds over 570 Bitcoin
Bitcoin adoption has already reached the high coffers of the Norwegian government, albeit in an indirect manner. Slump of Y tokens: why Yearn.finance (YFI)’s momentum is weakening—for now
Since September 12, the price of Yearn.finance (YFI) dropped from $43,937 to as low as $26,222. Here’s why this Ethereum exchange fork lost $500m in locked value
As much as it may be looked down on in the “real world,” the crypto industry is full of copycats. Even after parabolic rally, top crypto VC thinks Ethereum DeFi isn’t overvalued
It’s clear excess and euphoria is starting to seep into Ethereum’s DeFi space. Here’s how Uniswap’s (UNI) 600% rally could trigger another DeFi boom
Earlier this week, leading decentralized exchange Uniswap shocked the crypto world when it released the UNI token after months of anticipation. The reason why Ethereum’s Pickle Finance still holds over $100m in tokens
If you’ve been following decentralized finance at all over recent weeks, you likely know of the so-called “food coins.” It ostensibly began with Yam Finance, an Ethereum-based coin that introduced the idea of “fair farming” or “stakedrops” to DeFi, along with the concept of having cryptocurrencies branded by emojis of food items. Uniswap locks up $1.79 billion two days after token launch, UNI surges to $7.50
Decentralized exchange Uniswap has locked up a staggering $1.79 billion in total assets just two days after the launch of UNI, its native governance token. Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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