DeFi boom ensues as Terra crosses $21B in TVL, second only to Ethereum, Avalanche at $12B
Reading now: 244
ambcrypto.comThe rising cost of using the Ethereum network triggered by network congestion has been a cause of frustration to many cryptocurrency enthusiasts, especially those wanting to explore the DeFi and NFT sectors. Many competing Layer-1 blockchains seized this opportunity to overtake Ethereum’s market share, with varying degrees of success.
A worthy mention among them belongs to the Avalanche network, whose exponential growth over the past few months has been exceptional even for the L1 market. The protocol has seen the highest daily transaction and active wallet growth among L1s over the past 60 days alone.
In terms of total value locked, the network stands second only to Terra, at over $12 billion.
<p lang=«en» dir=«ltr» xml:lang=«en»>Also looked Read more on ambcrypto.comAbout this in other media
Binance joins fresh crypto hub by Dubai World Trade Centre cointelegraph.com /3 years ago
Crypto exchange Binance signs agreement with Dubai World Trade Centre livemint.com /3 years ago
UAE’s Dubai World Trade Center to turn into cryptocurrency hub and regulator ambcrypto.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
