Since the Terra Luna Collapse in May 2022, the #DeFi market is down 73%, however one category that’s grown drastically in the past year is Liquid Staking Protocols
And #Lido continues to lead all Liquid Staking Protocols with $14B TVL and only about 17% from pre Terra Luna levels
What are your thoughts on a few LSD protocols controlling such a majority of the Total Staked #ETH at 32% of Market Share
Total Value Secured (TVS) is a crucial DeFi metric, representing assets reliant on oracle network data.
Chronicle Protocol initially dominated, serving MakerDAO. Chainlink's diversified offerings led to its current 50% share, while WINkLink secured a significant TRON-focused share. Notably, TRON's high asset value relative to user base size impacts metrics.
🔓Large Token unlock for Axie Infinity🔓
On October 20, 15M #AXS will unlock or 11.9% of it’s current circulating supply
About 6M tokens in the unlock will go toward the core team and about 3.5M will be released through staking rewards
How dominant is ETH in TVL?
Not only is it the largest Blockchain and currently holds ~54% of total TVL with $20.15B
But 4 of the Top 10 blockchains by TVL are Ethereum L2’s (Arbitrum null.6B, Polygon $757M, Optimism $620M, Base $336M)
The #Bitcoin network continues to get stronger as the Hash Rate continues to hit new all time highs, even with price not far off the bottom
Current Hash Rate is 455M TH/s, and prior to Chinese miners going offline when price was $56,000 the Hash Rate was ~178M TH/s in May 2021
#Ethereum hit its lowest price (~$1525) since March 23rd today
Are you buying the dip on ETH? Or do you think ETH will trend lower?
🚀 Emerging Trends in Liquid Staking: Scaling Challenges and Solutions
Liquid staking is gaining momentum across ecosystems, with Ethereum leading at around 22% staking participation.
However, Ethereum's expanding validator set raises scalability concerns.
As validators grow, communication complexities increase, impacting latency and bandwidth. 🌐💡
On September 14th, #Base achieved a new milestone by recording a whopping 1.88 million transactions. This remarkable feat surpassed its previous record of 1.41 million transactions set on the network's launch day in August.
Notably, Base outperformed rival chains like Optimism and Arbitrum, which combined for 878,000 transactions on the same day. 🌐📈
Minted this free collectible in celebration of @orbapp.lens funding!
The era of everyday web3 social starts here!
LFG!🙌
