Market

TVL Fantom up 26%, Ethereum dominates NFT sales

TVL Fantom up 26%, Ethereum dominates NFT sales.

Today’s leading smart contract platform tokens have reignited investor hope. The top 3 tokens Ethereum (ETH), Binance Coin (BNB) and Solana (SOL) have seen gains of 7.5%, 14.7% and 4% respectively over the past week.

Top 10 Smart Contract Platforms in terms of Market Rating | Source: Coinecko

Among the top 10 altcoins for smart contract platforms, the biggest gainers of the week were Near (NEAR) up 40.4%, followed by Terra (LUNA) up 29.4%, Polygon (MATIC ) up 18.3% and Polkadot (DOT) up 17.4%.

Total value in DeFi is up more than 2.34%, from $233.95 billion on Jan. 8 to $239.43 billion today. The Ethereum blockchain was $146.07 billion, which is 62.63%.

TVL in DeFi | Source: Defillama

The second-biggest TVL is owned by Terra at $19.11 billion, up 22.03% for the week but only up 8.12%. Followed by Binance Smart Chain (BSC) at $15.21 billion.

Meanwhile, Fantoms has outperformed TVL Terra this week, up 21.33% to $7.4 billion at press time. Osmosis (OSMO) is up 21% on the week to hit $1.34 billion TVL on its DeFi protocols.

Some of the DeFi chains where TVL has increased this week, excluding Ethereum, BSC, and HECO, are Terra, Avalanche, Solana, Fantom, Polygon, Tron, Arbitrum, Cronos, Osmosis, Klaytn, Waves, and Harmony.

Ethereum dominates NFT sales

Ethereum remains the dominant chain in terms of NFT sales across a variety of blockchain networks, followed by networks like Solana, Ronin, Flow, and Wax.

Ethereum’s NFT sales are up 51.29% over the past 24 hours, while Tezos’s are up 33.16%. Additionally, Lookrare’s NFT market is still seeing more daily volume than Opensea’s volume.

Last day, Lookrare’s volume was $504.37 million, while Opensea’s volume was $166.09 million. TVL in cross-chain bridges is currently $25.03 billion, up 4.6% over the past 30 days.

The top 5 TVLs in cross-chain bridges include Polygon ($6.3 billion), Avalanche ($5.5 billion), Ronin ($4.9 billion), Arbitrum ($3 $.2 billion) and Fantom ($1.9 billion).

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Clanker Token Trading Volume Hits $59.8 Million High

Clanker token trading volume hit $59.8M on Nov 21, accounting for 14.75% of PumpFun. Fee…

1 minute ago

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

24 minutes ago

New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot

Discover the success story of a New York tech entrepreneur who made $72M from a…

53 minutes ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

3 hours ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

3 hours ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

4 hours ago

This website uses cookies.