Ethereum was one of the best-performing blockchain projects in the last month. This blockchain increased 15% of the locked value by the seventh month of 2022.
On July 1, Ethereum had a TVL of about $34.06 billion and skyrocketed to about $40.16 billion on July 31.
Ethereum TVL surged in July due to the growth in liquidity pouring into decentralized applications (dApps) within its ecosystem.
MakerDAO (which has the most TVL in Ethereum) has grown by more than 7% in the last month. Lido Finance skyrocketed over 45% in the same period. Convex Finance and Uniswap have seen 37% and 24% improvement in liquidity in total locked value respectively.
Curve also increased by more than 22%. Balancer, Arrakis Finance, and Instadapp also made significant contributions to TVL.
ETH opened on July 1 with a trading price of $1,068.32, reached a monthly high of $1,759.88, tested a monthly low of $1,033.96 and closed at $1,681.52. Altogether, this equates to a 57% increase between ETH’s opening and closing prices in July.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Bitcoin transactions represent the movement of bitcoins from senders to receivers, digitally signed using cryptography…
Visa's new metric finds that over 90% of stablecoin transaction volumes lack genuine user engagement.
Data from Coinglass has unveiled staggering figures of liquidated contracts, shaking both seasoned investors and…
Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…
The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…
Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…
This website uses cookies.