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Ethereum co-founder Vitalik Buterin has outlined key development priorities for Ethereum in 2024. Vitalik Buterin Updates Ethereum Development Roadmap for 2024 In a post early on December 31st, Ethereum co-founder Vitalik Buterin shared an updated roadmap for the second-largest cryptocurrency blockchain in the world. Compared to the late 2022 version,
DeFi
The total value locked (TVL) across the entire DeFi sector has reached a new high for 2023 at $53 billion USD, marking the highest level since the FTX crash in November 2022. DeFi Sector TVL Returns to Pre-FTX Crash Levels. Photo: CryptoSlate According to data from DefiLlama, the TVL of
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Avalanche Foundation announced its intention to use funds from the Culture Catalyst fund to establish a memecoin investment portfolio. Avalanche Foundation to Invest in Memecoins. Image: Avalanche In a statement released on the morning of December 29, the organization behind the Avalanche blockchain (AVAX), Avalanche Foundation, declared plans to create
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Ethereum co-founder Vitalik Buterin has urged the Ethereum community not to forget its core values such as decentralization, censorship resistance, and openness to all users. In a recent blog post on December 29, Vitalik Buterin revisited the fundamental principles of cryptocurrency (often referred to as cypherpunk) – including decentralization, censorship resistance,
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Just days after usurping BNB, SOL reluctantly relinquishes its top 3 position in the market capitalization rankings. Solana (SOL) has pulled back below the $100 mark after a fervent climb last week. The meme coin frenzy has cooled off, and even the allure of Bonk airdrops no longer garners the
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The proposal to decrease the total supply of CAKE tokens from the current 750 million to 450 million has been approved by the PancakeSwap community. Community Approves Proposal to Reduce CAKE Total Supply by 40% As reported by Coin68, PancakeSwap, the leading DEX on the BNB Chain ecosystem, has proposed
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Ethereum's co-founder Vitalik Buterin has proposed three solutions to address current shortcomings in the Proof-of-Stake (PoS) consensus mechanism used by Ethereum. Vitalik Buterin Aims to Overhaul Proof-of-Stake Mechanism to Alleviate Ethereum Overload In a forum post among Ethereum developers, Vitalik Buterin, the co-founder of ETH, proposed ways for
DeFi
Swell, the rising star in the liquid staking sector, is now the fourth-largest liquid staking protocol, following Lido Finance, Rocket Pool, and Frax Finance. Swell's TVL for liquid staking doubles in just one month. Image: Swell Twitter Swell has officially surpassed 108,000 ETH (equivalent to $245 million)
DeFi
Manta Pacific Accelerates, TVL Touches $316 Million Manta Pacific's Total Value Locked (TVL) has been on a rapid ascent recently, driven by a campaign to accumulate reward points for next year's airdrop. Manta Pacific is surging, with TVL reaching $316 million. Image: Project's Twitter
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Tether continues to solidify its position as the largest stablecoin in the cryptocurrency market by setting a new record market capitalization. Tether (USDT) Market Cap Surpasses $91 Billion. Photo: Bloomberg On December 25th, 2023, Tether issued an additional 1 billion USDT, pushing its market capitalization over $91 billion for the
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This marks MicroStrategy's second nine-digit Bitcoin purchase in the fourth quarter of 2023 alone. MicroStrategy Buys $615 Million Worth of Bitcoin According to an announcement published late on December 27th, software company MicroStrategy disclosed its acquisition of an additional 14,620 Bitcoin (BTC), valued at $615.7 million,
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Metis' recent move is reviving the entire ecosystem in general and the flagship project in particular. Metis Ecosystem Accelerates Post-Growth Incentive Package Announcement On December 18th, the MetisDAO Foundation announced the Ecosystem Development Fund (EDF) valued at 4.6 million METIS. Initially equivalent to about $100 million USD, this
