Tyler Winklevoss expects a tsunami on the crypto market
One of the founders of the Gemini cryptocurrency exchange, Tyler Winklevoss, believes that we are on the cusp of a new run for Bitcoin. He has repeatedly pointed out the improvement in the fundamental indicators of BTC.
This time, Tyler Winklevoss announced a massive capital inflow into the largest cryptocurrency. The businessman used the word "tsunami" to describe a new stage in BTC's strengthening.
With such a statement, he commented on previously received information about an increase in investment in cryptocurrency from the teams of Square and MicroStrategy.
Recall that the technology giant Square bought bitcoins for a total of up to $ 50 million. That is, approximately 1% of its assets were invested in cryptocurrency.
Another company, MicroStrategy, previously confirmed that it invested $ 425 million in BTC. Winklevoss tweeted that there is a "tsunami impending" that will result in an explosive rise in the value of bitcoin.
96% of transactions in the DeFi segment are on the Ethereum blockchain
A report by DappRadar, an analytics platform that tracks decentralized projects across various blockchains, showed that in the third quarter of this year, the volume of transactions in the decentralized finance market reached $ 125 billion, an increase of $ 113 billion from the second quarter, with 96% of transactions being on the Ethereum blockchain.
The report also states that the total locked value in Ethereum smart contracts has surpassed the $ 10 billion mark, with Uniswap, MakerDAO and Curve at the top. On Sunday, October 11, the total blocked value in DeFi smart contracts reached $ 10.82 billion, and as recently as in June it was about $ 1 billion.
Statistics confirm that the Ethereum blockchain dominates the decentralized finance market, and other blockchains, which, although trying to catch up with the main competitor, are still very far from the leader.
Ethereum is also among the leaders in the number of daily active wallets, their number exceeds 57%. In Q3, Tron and EOS had 35% and 5% active wallets, respectively. Over the last day, according to DappRadar, there were about 17,000 active wallets.
The report notes that the main contributors to the Ethereum protocol in the third quarter were Uniswap, Sushiswap, Balancer and Compound, which generated 56% of active wallets on the Ethereum blockchain.
In the third quarter, the EOS protocol accelerated growth. Defibox, Dmd.Finance and DeFis Network have generated over 4,300 active daily wallets.
In the case of decentralized applications on the Tron, JUST, Zethyr Finance, Sun and SharkTron blockchain, 32 thousand active wallets were recorded during the reporting period.
Aztec presented a new solution to improve the privacy and scalability of Ethereum
Developers from startup Aztec presented a platform for scaling Ethereum using zero-knowledge proof technology.
Aztec 2.0 builds on the increasingly popular ZK roll-up technology.
It uses zero-knowledge proofs like zkSNARK to roll multiple transactions into one, committing to the main blockchain, which can increase throughput to 300 transactions per second.
Aztec claims that their development is superior to other similar solutions because it is able to provide "programmable privacy"
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