Ethereum network activity surges
According to DappRadar data, as reported by Jinse Finance, the total locked value (TVL) of Ethereum DApps reached $26 billion on November 23, an increase of 5% from the previous week. Although Ethereum's market value of $248 billion is behind Bitcoin's $728 billion, the protocol revenue generated by the two networks is similar. In the past seven days, the Bitcoin network has charged $57.5 million in fees, while Ethereum has charged $54.3 million. These numbers do not include ecosystem fees for platforms such as Lido, Uniswap, or Maker protocols. Ethereum has also regained its leading position in NFT sales, with a trading volume of $12.6 million in the last 24 hours. Although Bitcoin briefly led in NFT activity, Ethereum remains the preferred blockchain for well-known NFT projects.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
