Defillama reports that the current market capitalization of stablecoins stands at $129 billion, which is a decrease from the May 2022 figure of over...
According to Sandeep Nailwal, co-founder of Polygon, although speculation has been a double-edged sword for crypto, legitimate use cases will eventually emerge.
Recently, Vitalik Buterin posted against "overloading Ethereum's social consensus" and suggested potential solutions while also warning against certain methods.
Since the start of this year, the crypto economy has grown by 41.77% and currently has a market capitalization of $1.17 trillion. However, during this period of growth, the stablecoin economy suffered a significant loss of $7.3 billion in just 140 days.
In May, the crypto markets began on a tepid note amid reports of potential US debt ceiling issues that circulated throughout global capital markets. Despite the subdued market mood, certain altcoins have garnered bullish positions from crypto whales.
The year 2022 proved to be a difficult one for the cryptocurrency and altcoin market, marked by the downfall of Terra and FTX, which had a significant impact on the industry. As a result, most digital assets suffered significant losses and are currently trading at a discounted value.
Will the surge in Metaverse tokens be sustained this time around, or will it fizzle out like earlier this year when it was fueled by rumors of Apple's upcoming virtual reality headset?
