We look at the hottest developments in the cryptocurrency world in 14 altcoins, as well as ARB, OP and Base. Let’s see what’s in the details.
Total value locked in Ethereum Layer 2 with ARB and OP
According to L2BEAT data, there is an increase in the total value locked in Ethereum Layer2. Accordingly, TVL increased by 3.75% in 7 days, reaching 12.31 billion dollars as of November 4. ARB Arbitrum One is among the top 5 locked protocols. The total value locked is $6.88 billion. Additionally, the 7-day increase is at 5.15%. In second place is OP Mainnet. The total value locked is $3.07 billion. Base’s total value locked is $570 million, while zkSync Era is $419 million. Finally, the total value locked in dYdX is at $363 million.
Important development in FLOKI
It’s not just ARB whose TVL is rising. According to official sources, the TVL of FLOKI stake reached $54.4 million in just one week since its launch. Accordingly, it constituted 17% of the total FLOKI supply. Most of these tokens have a staking period of 4 years.
No ARB! Fund inflows on the Ethereum network
According to Nansen 2 data, major cryptocurrencies stand out in the 24-hour fund inflow rankings on the Ethereum network for Smart Money. Accordingly, there is an Ethereum inflow of 44 million dollars. On the other hand, the AGIX inflow of $ 3.4 million attracts attention. There is also a LINK entry worth $3 million. However, ARB is not included in these entries.
Collaboration from Yuga Labs
Yuga Labs announced that they are collaborating with Magic Eden to launch the new Magic Eden ETH market, the first Ethereum NFT trading market that is contractually obligated to pay creators royalties. The trading market is planned to open at the end of 2023.
ARK Invest continues to accumulate Coinbase stock
According to Arktracel’s data, Cathie Wood’s fund company ARK Invest continues its moves. Accordingly, he has accumulated 149,547 Coinbase shares since November 1. Based on the last price of $85.80, the total value of the raise is over $12.83 million.
Bitcoin Ordinals like ARB are on the agenda again
The total amount of Ordinals inscriptions minted by the Bitcoin NFT protocol exceeded 37 million. Accordingly, it reached 37,291,753. On the other hand, the current total transaction fee was 2,155.6028 BTC. This is worth approximately $75,009,930. On the other hand, this situation also caused significant increases in BRC-20 tokens. Accordingly, BTCs increased by 30%, honk by 300% and ORDI by 13%. There is also activity in BRC-20 tokens, as in ARB and other altcoins.
OpenSea lays off half its employees
There’s bad news from OpenSea, which serves as a major marketplace for NFTs. With the bear market and NFT volumes falling, the company made a decision. Accordingly, the company went through restructuring. Because cryptokoin.com When we look at it, it laid off half of its employees.
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