MakerDAO’s Update is a Pure Expression of DeFi 2.0
IntoTheBlock explores how MakerDAO’s update will allow it to interact with the secondary market with more control over DAI.
Axie Infinity is Up 223x This Year: Here’s the Skinny on What’s Propelling AXS
On-Chain Markets Update by Juan Pellicer, IntoTheBlock Since our last in-depth analysis of Axie Infinity almost two months ago the price of their AXS token has increased over 100% within a few weeks. The rally has multiplied the value of AXS by 223 times since January. The catalyst behind this latest bull-run may have been the Series …
Axie Infinity is Up 223x This Year: Here’s the Skinny on What’s Propelling AXS Read More »
Exploring the Multi-Chain Universe Amid Incentives & Upgrades
On-Chain Markets Update by Lucas Outumuro, IntoTheBlock Smart contract platforms’ tokens have been amongst the top performers of 2021. While Ether has recorded a remarkable 330% return year-to-date, newer platforms such as Solana, Avalanche and Terra have seen their tokens grow over 1,000% in 2021. The rise in these platforms has been driven initially by …
Exploring the Multi-Chain Universe Amid Incentives & Upgrades Read More »
A Deep Dive on the Lessons and Surprises of the Recent Crash
On-Chain Markets Update by Juan Pellicer, IntoTheBlock DeFi protocols, apps and their stablecoins are a key area of the whole crypto markets. Even though the average daily trading values of DeFi are 80 times lower than in centralized exchanges, their smart contracts enable open financial services that impact the whole market by providing key functionalities …
A Deep Dive on the Lessons and Surprises of the Recent Crash Read More »
48,000% Returns? Popping the Hood on NFT Mania
On-Chain Markets Update by Lucas Outumuro, IntoTheBlock NFT mania continues to grow, with new drops popping up everyday and Ethereum’s gas prices consistently back above triple digits. The recent wave into NFTs was further amplified by Visa’s acquisition of a CryptoPunk and Budweiser’s buy of the beer.eth domain. Prices of notable NFT collections such as …
Inside the Data Driving Axie Infinity’s Torrid Growth
On-Chain Markets Update by Juan Pellicer, IntoTheBlock Axie Infinity has recorded unprecedented growth in the crypto space. This week the data confirmed that it surpassed more than $1 billion in sales and the equally spectacular achievement of one million daily users. Where is the limit for Axie Infinity? Will play-to-earn help to expand crypto adoption …
Inside the Data Driving Axie Infinity’s Torrid Growth Read More »
YFI Holders Have Strong Hands and Bought the Dip
Yearn’s ecosystem has expanded remarkably in the last ten days. In a move first of its kind, Yearn has “merged” with six different DeFi protocols since November 24: Pickle, Cream, PowerPool, Cover, Akropolis and SushiSwap, in that order. While the conditions of these mergers vary by protocol, most of them are certainly not mergers in …
YFI Holders Have Strong Hands and Bought the Dip Read More »
Uniswap LPs Prove to be Fickle as UNI Holders Stick Around
Markets Update by Lucas Outumuro IntoTheBlock. On-Chain Impact of the End of UNI Mining Uniswap’s UNI release had major effects on the DeFi space. Just hours after the UNI airdrop, Ethereum hourly fees and gas costs reached a yearly high. Similarly, UNI’s liquidity mining program led Uniswap to become the DeFi protocol with the highest …
Uniswap LPs Prove to be Fickle as UNI Holders Stick Around Read More »
DeFi Rebound Underpinned by Strong Fundamentals
DeFi tokens are rebounding after a slump in October amid increased coronavirus cases and election uncertainty, dragging down most financial assets. All of the major DeFi tokens are up today, enough to erase each of their losses in the past week. 0x’s ZRX and Uniswap’s UNI are the biggest gainers, both up more than 10% …
Traders Are Eager to Make the LEND to Aave Switch
On-Chain Markets Update by IntoTheBlock DeFi lending protocol Aave started the migration from the LEND utility token to its new AAVE governance token. The migration had originally been proposed in the Aavenomics token economics upgrade paper and was recently approved through governance with 100% of addresses voting “Yae”, or in favor of the proposal. LEND …
Traders Are Eager to Make the LEND to Aave Switch Read More »