What a big week! Shapella upgrade goes off without a hitch, new exploits continue to plague the DeFi space & liquid staking derivative (LSD) issuers continue to prosper. Let’s see what went down this past week in DeFi 🔥
The market surges back to life as Bitcoin hits a 10 month high, despite fears of a recession in the traditional markets. Nevertheless, builders keep building. Stay tuned for next week’s edition, and keep supporting your favorite projects,This article contains links to third-party websites or other content for information purposes only .
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Shapella, a week later: Ethereum deposits rising alongside increased burnsA week after Ethereum's Shapella upgrade went live, deposits have begun to outpace withdrawals while more ether gets burned.
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ETH staking passes withdrawals for the first time after Shapella upgradeOut of the 1 million withdrawn ETH, 3 addresses re-staked ETH with a total of 19,844 ETH. 3 addresses transferred ETH to CEX after withdrawal, with a total of 71,444 ETH sent to different exchanges.
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Staked ether deposits surpass withdrawals for the first time since Shapella upgradeOver the past 24 hours, the amount of ether staked exceeded that of ether withdrawn for the first time since Ethereum's Shapella upgrade made withdrawals possible.
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Ethereum is up 15% versus Bitcoin since Shapella — More ETH price gains ahead?Ether stakers have withdrawn $1.21 billion worth of ETH from Ethereum staking contracts since the Shapella upgrade.
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Lido Finance deposits surpass $12 billion after Ethereum Shapella upgradeThe liquid staking protocol, Lido Finance, has seen its total value locked (TVL) surpass more than $12 billion worth of ETH.
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Institutions Flock to Ether After Shapella UpgradeThe increase in the number of active $ETH futures contracts on the CMEGroup post Shapella suggests an influx of institutional traders to the crypto market. reports godbole17.
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