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Ethereum's price faced a 20.7% correction, dropping to $2,924, leading to significant liquidations. Despite this, derivatives indicate strong interest from buyers, though sentiment remains subdued as ETH struggles to reclaim $3,200, delaying a potential rally toward $3,600. High transaction fees and competition from Solana and BNB further challenge Ethereum's position, while its roadmap's progress will be crucial for future gains.
Aave and Lido have surpassed $70 billion in net deposits for the first time, with Aave leading at $34.3 billion and Lido at $33.1 billion. Together, they account for 45.5% of the total allocated to the 20 largest decentralized applications. The DeFi ecosystem is experiencing a resurgence, with total value locked reaching $185 billion, and active loans peaking at nearly $21 billion, indicating growing user confidence in on-chain financial resources.
Bitcoin's Total Value Locked (TVL) in decentralized finance (DeFi) has surged to an all-time high of $6.9 billion, surpassing BNB Chain and marking a sixfold increase in just two months. This growth is largely driven by the Babylon staking platform, which has attracted over 128,000 stakers and accounts for $5.6 billion of the TVL. While still trailing behind Ethereum's $88 billion, Bitcoin's rising DeFi activity signals a significant shift in its use case and potential for future price gains.
Lido has announced the phase-out of its liquid staking protocol on Polygon following a community vote, citing challenges like low user adoption and high maintenance costs. The transition will begin on December 16, 2024, with a withdrawal period until June 16, 2025, during which rewards will be discontinued. This decision aligns with Lido's strategic focus on Ethereum and follows similar operational halts on other platforms like Solana.
Monitok is emerging as a pivotal player in the crypto space, offering a hybrid exchange that combines the user-friendly aspects of centralized exchanges with the security of decentralized platforms. With a roadmap that includes the $MONY token sale and the launch of crypto debit cards, Monitok aims to simplify crypto usage and enhance user education through Monitok Academy. The platform prioritizes compliance and security, featuring self-custodial wallets and advanced encryption, positioning itself as a trusted gateway for both new and seasoned traders in the evolving blockchain ecosystem.
Lido has ceased its staking operations on the Polygon network due to limited user adoption and a shift towards zkEVM solutions, following a 99% approval from Lido DAO Token holders. Users can withdraw staked MATIC until June 16, 2025, while the POL token faces bearish pressure, dropping 1.41% post-announcement and struggling below critical resistance levels.
DeFi's total value locked (TVL) surged 150% in 2024, reaching $133.88 billion, approaching the 2021 peak of $170 billion. EigenLayer leads restaking with $17 billion TVL, while Lido dominates with nearly $40 billion. The rise of liquid restaking tokens and Bitcoin layer 2 networks significantly contribute to this growth.
Total value locked (TVL) in the DeFi ecosystem is nearing 2021 highs, reaching over $134 billion, driven by liquid restaking tokens and Bitcoin-native layer 2 networks. EigenLayer leads with $17 billion in TVL, while Bitcoin liquid staking tokens have surpassed $2.5 billion, with Lombard being the most popular at $1.15 billion.
Ocelex is set to launch as a MetaDEX on Zircuit, a zkEVM-based Layer 2 ecosystem, focusing on community-driven participation and 100% revenue sharing among token holders. The public sale begins on December 9th, with a Dutch auction starting at $0.30 and decreasing to $0.06, aiming to establish Ocelex as a leading decentralized exchange. With strategic partnerships and a strong pre-launch performance, Ocelex is positioned to capture significant Total Value Locked (TVL) in the DeFi sector.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ethereum faces challenges in price recovery amid strong competition and high fees
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Aave and Lido reach milestone of 70 billion in net deposits
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bitcoin deFi tvl reaches record high surpassing bnb chain
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Lido to discontinue liquid staking on Polygon following community vote
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monitok revolutionizes crypto trading with innovative hybrid exchange model
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16:30 17.12.2024
Lido halts Polygon staking as market shifts towards zkEVM solutions
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decentralized finance total value locked surges to 133 billion in 2024
23:07 09.12.2024
decentralized finance tvl approaches 2021 highs driven by liquid restaking
21:48 09.12.2024
ocelex set to launch as key player in zircuit decentralized finance ecosystem
11:51 09.12.2024
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