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Base sees record 106 TPS as total value locked crosses $10B

Base is one of two Ethereum layer 2s with a TVL above $10 billion, having gained considerable ground since launching in August last year.

Ethereum layer-2 network Base hit a record 106.26 transactions per second (TPS), distancing it from Taiko as the fastest Ethereum layer-2 solution, while its total value locked (TVL) recently surpassed $10 billion.

It marked an almost 28% increase in TPS from Nov. 23. In January, Base was averaging only 4 TPS, according to Base founder Jesse Pollak. 

Change in TPS on Base over the last 30 days. Source: L2BEAT

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Bank of Japan keeps interest rates unchanged for third straight meeting

Sui and Aptos Record 78% Quarter-on-Quarter Surge in Total Value Locked As Wider DeFi Sector Declines: DappRadar

Sui and Aptos Record 78% Quarter-on-Quarter Surge in Total Value Locked As Wider DeFi Sector Declines: DappRadar

Market intelligence firm DappRadar says that layer-1 crypto projects Sui (SUI) and Aptos (APT) emerged as the standout performers in the decentralized finance (DeFi) space in Q3 of 2024. In a new report, DappRadar says that Sui and Aptos saw an impressive increase in total value locked (TVL), the metric representing the amount of assets staked […]

The post Sui and Aptos Record 78% Quarter-on-Quarter Surge in Total Value Locked As Wider DeFi Sector Declines: DappRadar appeared first on The Daily Hodl.

Bank of Japan keeps interest rates unchanged for third straight meeting

Sky Reports Over 1 Billion USDS Minted Since August Rebrand

Sky Reports Over 1 Billion USDS Minted Since August RebrandIt’s been approximately 38 days since Makerdao, the decentralized finance (defi) project, rebranded as Sky and launched both the USDS stablecoin and the SKY token. During this time, more than a billion USDS coins have been minted, and 530 million DAI have been converted to the new standard. Makerdao Sees 530 Million DAI Upgraded Since […]

Bank of Japan keeps interest rates unchanged for third straight meeting

Bitcoin L2 and Sidechain Networks Surge to $1.31 Billion in Locked Value

Bitcoin L2 and Sidechain Networks Surge to .31 Billion in Locked ValueThis year, Bitcoin layer two (L2) solutions and sidechains have gained incredible traction, with the top ten Bitcoin-based sidechains or L2 protocols now controlling a combined $1.31 billion in total value locked (TVL). The latest figures reveal that more than 56% of this total is held within two prominent networks: Core and Bitlayer. Core and […]

Bank of Japan keeps interest rates unchanged for third straight meeting

Crypto platform Friend.tech sees token dive 26% following admin transfer

Friend.tech transferred control of some of its smart contracts to a null address, which can never be reversed.

The native token of crypto social media platform Friend.tech has plummeted after its team transferred the admin and ownership of its smart contracts to Ethereum’s null address — permanently relinquishing any control over them.

The Sept. 8 transfer was made to “prevent any changes to their fees or functionality in the future,” Friend.tech said on X.

The platform’s Friend.tech (FRIEND) token dropped by nearly 26% to $0.067 in the 24 hours after the transfer, according to CoinGecko.

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Bank of Japan keeps interest rates unchanged for third straight meeting

Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana Rise

Ethereum Still Holds the Lion’s Share of Defi TVL as Tron and Solana RiseCurrently, the total value locked (TVL) in decentralized finance (defi) stands at $82.2 billion, with Ethereum hosting a commanding 57.24% of that amount. Hot on its heels, Tron and Solana take the second and third spots for the largest TVLs today. Ethereum Reigns Supreme in Defi With 57% of Total Value Locked Despite ethereum (ETH) […]

Bank of Japan keeps interest rates unchanged for third straight meeting

Base TVL surges to $8B just days after overtaking OP Mainnet

Base has topped Ethereum layer 2 leaderboards by transaction count and has been the most profitable Ethereum scaler for three consecutive months.

Total value locked on the Ethereum layer-2 network Base has surpassed $8 billion — only days after overtaking Optimism’s OP Mainnet.

L2Beat data shows its TVL as of June 10 is now at $8.05 billion, including $2.14 billion of canonically bridged value — assets locked on Ethereum to be represented on Base — and $5.92 billion in natively minted assets.

The Coinbase-supported chain surpassed OP Mainnet as the largest chain within the Superchain ecosystem last week and is now the second-largest Ethereum scaler in TVL, trailing Arbitrum One’s $18.27 billion.

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Bank of Japan keeps interest rates unchanged for third straight meeting

DeFi Total Value Locked Blasts Off to $192,000,000, Records Best Performance in 15 Months: DappRadar

DeFi Total Value Locked Blasts Off to 2,000,000, Records Best Performance in 15 Months: DappRadar

New data from market intelligence firm DappRadar reveals that the total value locked (TVL) within the decentralized finance (DeFi) sector has skyrocketed to the highest level in 15 months. In a new blog post, DappRadar notes that DeFi’s TVL has reached $192 billion, a 17% rise from the previous month and the best it has […]

The post DeFi Total Value Locked Blasts Off to $192,000,000, Records Best Performance in 15 Months: DappRadar appeared first on The Daily Hodl.

Bank of Japan keeps interest rates unchanged for third straight meeting

Base set for ‘material share’ of SocialFi activity: Franklin Templeton

Base is already home to 46% of transactions related to SocialFi on-chain, but the asset manager says it has even more room to grow.

Trillion-dollar asset manager Franklin Templeton suggests “Base Season” has arrived with the rise of Social Finance (SocialFi) apps, with Base leading other Ethereum layer 2s in the vertical.

“[It is] positioning itself well to capture a material share of SocialFi activity and remain a leader in the Ethereum L2 sector going forward,” Franklin Templeton said in a May report.

About 46% of transactions related to SocialFi are on Base, which has increasingly stripped market share away from the BNB Chain and Polygon in recent months, according to one of the charts provided by Franklin Templeton.

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Bank of Japan keeps interest rates unchanged for third straight meeting

Real-World Assets Hits New Peak With $8 Billion Locked, Reports Messari

Real-World Assets Hits New Peak With  Billion Locked, Reports MessariThe total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost $8 billion as of April 26, according to a report by blockchain analytics and research firm Messari. This growth is attributed to a market preference for debt-based, high-yield […]

Bank of Japan keeps interest rates unchanged for third straight meeting