Fantom (FTM) surpasses Avalanche (AVAX) by TVL
According to leading DeFi analytical dashboard DeFiLlama, Fantom, a smart contract platform using distributed ledger technology, has surpassed Avalanche (AVAX) to become the fourth-largest DeFi blockchain in the market, with a total value locked (TVL) reaching 9.5 billion USD.
Highlights of the week
Autoworld accepts $EGLD payment
$1INCH expands to $AVAX and $GNO
$FTM announces integration with Shopping.io
$LUNA launches nonprofit Luna Foundation Guard
$SOL NFT’s total sales volume surpasses 1 billion USD
Top 3 daily losers
$KIN: -26.33%
$MNET: -22.53%
$CELR: -22.26%
KIN – The utility token of the Kin ecosystem is currently losing the most value, down 26.33%. Based on the weekly price, KIN has dropped 41.88%. MNET and CELR were two other assets that saw a drop in value, falling 22.53% and 22.26%, respectively.
XP.network and Tezos blockchain announced a new partnership
XP.network, a company that provides multi-chain support for NFTs, announced an integration with the Tezos blockchain.
With this integration, Tezos will utilize XP.network’s multi-chain bridge into its constantly growing arsenal of features, expanding its reach across the global cross-chain ecosystem.
Investment from venture capital (VC) funds has increased 30 times
According to the PitchBook data, the amount of money poured into the crypto market by venture capital (VC) in 2021 has surpassed $30 billion. This is a 30 times increase from the figure of $1.1 billion in 2016
Bitcoin hits 36,000 USD, nearly 1 billion USD gets liquidated
In the past 24 hours, when BTC reached the price of 36,500 USD, nearly 1 billion USD was liquidated. Total market capitalization is now $1.807 trillion, down nearly $130 billion compared to $1.936 trillion just 24 hours ago.
Ontology Gas Token (ONG) rises 23.04% after 24h
Although the market went down due to Bitcoin, Ontology Gas Token (ONG) still witnessed an impressive growth of 23.04% after 24h, reaching a price of 18,587 VNDC.
ONG’s 24-hour trading volume reached $9.96 million, which is 5.5 times the average of the past 10 days. With these achievements, ONG is currently leading the Top Gainers on ONUS.
El Salvador buys its cheapest 410 Bitcoin as prices reach $36k
The fresh addition to El Salvador’s BTC reserve was announced by President Nayib Bukele, who confirmed that the purchase of 410 BTC was made against $15 million, placing the price at approximately $36,585 per BTC.
ETH drops below $2,800 as $70 million worth of ETH gets liquidated
Data provided by CoinGlass shows that, the total amount of positions worth $71.40 in Ethereum (approximately 25,440 ETH) has been liquidated across multiple crypto exchanges in just 4 hours.
The liquidations began as the Ethereum price, following Bitcoin, started plunging and fell to the $2,793 level. This is the lowest price mark for Ethereum since 09/2021.
1inch Network expands to Avalanche and Gnosis Chain
The 1inch Network announced on Wednesday its plans to deploy the 1inch Aggregation Protocol on Avalanche and the 1inch Limit Order Protocol on Gnosis Chain. This partnership aims to further expand 1inch capabilities within the decentralized finance, or DeFi, industry.