Breaking News: ETHEREUM’s Trading Volume Grew Much Faster Than BTC 28/07/21

Breaking News: ETHEREUM’s Trading Volume Grew Much Faster Than BTC 28/07/21

Latest Crypto Updates.

Breaking News: ETHEREUM’s Trading Volume Grew Much Faster Than BTC 28/07/21

Trading volumes for ETH increased by 1,461% over the first half of 2020.

Ethereum’s trading volume grew faster than Bitcoin’s in the first half of this year according to a new report from leading U.S. crypto exchange Coinbase.

Taking data from twenty exchanges across the globe, the report revealed that the trading volume for Bitcoin reached $2.1 trillion for the period.

Traders anticipate ‘DeFi Summer 2.0’ after TVL and token prices rise

A rally in blue-chip DeFi tokens and the sector’s rising total value locked has traders hopeful that a prolonged rally will take place.

Decentralized finance (DeFi) was one of the main factors that pushed the crypto market higher throughout 2021 and to date,

platforms like Uniswap (UNI), SushiSwap (SUSHI), and Aave (AAVE) form the bedrock of the sector.

Crypto app Valora raises $20M, becomes independent from Celo

Valora said it will use the funds for product development and create educational content “to get more people comfortable using cryptocurrencies.”

Celo-powered crypto wallet Valora has closed on a $20 million funding round, as the company announced it will become a standalone entity.

Robinhood introduces a feature aimed at protecting investors from crypto volatility

Stock and cryptocurrency trading app Robinhood is reportedly exploring a way for users to be better protected from volatile crypto prices.

According to a Tuesday Bloomberg report, the trading app is working on a feature called “price volatility protection,”

which would modify certain crypto orders depending on fluctuations in price.

1inch Foundation plans to distribute 10M tokens to compensate for gas costs

Only users who stake 100,000 1INCH or more will receive a full refund for their gas fees.

In an announcement on Tuesday,

The 1inch Foundation said it would begin distributing 10 million of its native 1INCH in an effort to refund gas costs for users who stake the tokens.

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