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The rapid surge in ETH prices and the bustling memecoin trading activity have led to continuously escalating transaction fees on the Ethereum network. Ethereum burns nearly $600 million in ETH fees in the last 30 days. Image: Decrypt According to statistics from multiple sources, transaction gas fees on Ethereum have
DeFi
The decentralized stablecoin project Ethena (USDe) has generated significant profits by shorting ETH futures and leveraging the rising funding rates over the past two weeks. Just two weeks after launching its mainnet, Ethena, which issues the decentralized stablecoin USDe on Ethereum, has amassed over $4 million for its treasury. This
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After six months of deploying the inEVM testnet, Injective has officially released the mainnet for this layer-2 solution. Injective Launches Mainnet for inEVM Layer-2. Image: Blockworks In an announcement on the evening of March 7th, the Cosmos-based layer-1 blockchain Injective began rolling out the inEVM layer-2 mainnet. The company positions
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On the evening of March 7th, Optimism announced its plan to sell OP tokens to private investors, a move that quickly sparked mixed reactions within the community. Optimism continues to sell 19.5 million OP tokens to private investors The latest update shared with the community by Optimism on the
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After 2 years and 3 months of anticipation, Bitcoin finally reached a new all-time high (ATH). Bitcoin hits new ATH at $69,990 and immediately corrects Around 10:30 PM on March 8, 2024, Bitcoin surged to $69,990, officially setting a new all-time high (ATH) after surpassing the previous
DeFi
Wormhole, a leading cross-chain bridge solution, has announced an airdrop of its native token, W, allocating 6% of the total supply to early supporters. Update as of March 29, 2024: After much anticipation, Wormhole has confirmed that the W token airdrop will take place on April 3 at 06:30
DeFi
Uniswap, a leading decentralized exchange, has once again captured the attention of the crypto community with a proposal to share revenue with users staking UNI tokens. The preliminary vote on this proposal concluded this morning, with overwhelming support from the community. As Coin68 previously reported, Uniswap initiated the revenue-sharing proposal
DeFi
WOOFi Offers 10% Bug Bounty if Hacker Returns Stolen $8.75 Million WOOFi DEX has recently fallen victim to a cyber attack resulting in a loss of $8.75 million. At 15:49 UTC, one of the WOOFi oracles on Arbitrum was exploited by a contained attack using flash loans,
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The Solana-based memecoin, dogwifhat, continues to heat up following its recent listings on Robinhood EU and Binance. dogwifhat (WIF) Sets ATH After Binance Listing. Image: Crypto Briefing Over the past 24 hours, dogwifhat (WIF) has emerged as the standout memecoin, outshining even the market-leading memecoins like Pepe (PEPE) and Shiba
DeFi
The total value locked (TVL) across decentralized finance (DeFi) ecosystems has surpassed the $100 billion mark for the first time in nearly two years, reaching a new peak of $116.7 billion on March 5, 2024, according to data from DeFi Llama. TVL Growth in DeFi Ecosystem This milestone represents
DeFi
On the evening of March 6, Bitcoin, the leading cryptocurrency, reached an all-time high (ATH) of $69,000, causing widespread market turbulence, including significant impact on the Solana-based derivatives exchange Jupiter Perps. Several users reported on the project’s Discord that their derivative transactions failed to execute, resulting in the
DeFi
Frax Finance, a well-known DeFi project on Ethereum, has officially opened access to its Fraxtal layer-2 mainnet to all users. Previously, the platform only allowed mainnet access to select partner applications such as Safe, Chainlink, Axelar, and LayerZero. In exactly 24 hours from now the official March 6th snapshot will
