MetaMask Ethereum Wallet Hits 5 Million Monthly Users

Share this article MetaMask has seen its usage stats grow significantly over the past six months, according to a report from ConSensys. Usership Grows Five-Fold In the past six months, MetaMask usage has grown by a factor of five, as the Ethereum and DeFi wallet now has 5 million monthly active users (MAUs) on desktop and mobile. It also says that accumulated transaction volume has doubled to $2 billion after hitting $1 billion last month. MetaMask monthly active users over time. Source: Consensys. The availability of the mobile app in…

Polygon Transactions Explode After DeFi Expansion

Key Takeaways Polygon is catching up to its main competitor, Binance Smart Chain, as the leading Ethereum bridge platform. Polygon’s growth took off when the popular crypto lending platform Aave moved to the sidechain network. Other apps like Curve Finance and mStable have also expanded to Polygon and driven adoption of the network. Share this article Polygon’s on-chain activity suggests exponential growth over the last month, largely driven by DeFi projects expanding to the platform. Polygon Experiences DeFi Growth  As Ethereum faces scaling issues and high transaction fees, many DeFi…

Money Legos keep stacking! Finance Redefined 4/21-4/28

Happy Wednesday fellow DeFi degens!  I was expecting to spend a large portion of this edition of Finance Redefined analyzing Aave’s liquidity mining program. There was some anxiety from investors that the emission of 2,200 $AAVE per day (which would translate to roughly 5% of the ecosystem reserve fund of 2.8 million AAVE per year) might end up dragging down the token’s price as farmers earn and dump.   I would feel very uncomfortable holding an asset if the governance token of a very important protocol ends up in the hands…

Sub-$60K monthly close will make Bitcoin’s $3.9B options expiry a non-event

Bitcoin’s (BTC) 2021 performance has been impressive, but traders waiting for a record-breaking monthly candle are likely to be disappointed this week.  After peaking at $64,900 on April 14, a jaw-breaking 27% correction followed, causing BTC price to drop to the $46,000 level. This downside move obliterated more than $9 billion long BTC futures contracts in a swift action that was previously unthinkable to most investors. Even though the Bitcoin price recovered $5,800 over the past 48-hours, in the options markets, the bulls were not able to take the bears…

Bubba Gump Shrimp seafood restaurants will start accepting Bitcoin payments

Many chain restaurants operated by parent company Landry’s will begin to accept Bitcoin as a form of payment for meals. In an interview with CNBC yesterday, Landry’s chair and CEO Tilman Fertitta said “80% to 90%” of the company’s restaurant brands — including the Bubba Gump Shrimp Company, Morton’s The Steakhouse, and Mastro’s — would accept Bitcoin (BTC) and other cryptocurrencies in the next 90 days. Fertitta said the move was a step towards bringing crypto into the mainstream. “It’s amazing how simple [a crypto] transaction is, and it is…

Hasbro Plans NFTs for Magic: The Gathering and More

Key Takeaways Hasbro and its subsidiary Wizards of the Coast are considering using NFTs for its Magic: The Gathering card game. Those efforts would presumably allow the company to tokenize Magic: The Gathering cards on a blockchain. Non-fungible tokens, or NFTs, have already spawned numerous blockchain-based trading card games. Share this article Hasbro is working on a non-fungible token (NFT) technology, according to the company’s quarterly earnings call. Magic Cards Could Be Tokenized In the call, Hasbro CEO Brian Goldner stated that NFTs are under consideration for several games and…

Ethereum’s market cap exceeds that of platinum for the first time

Ethereum (ETH) is approaching the top-30 most valuable assets in the world following its latest price breakthrough, offering further evidence that the developer network is in the midst of a powerful bull market.  The ETH price peaked at $2,741.78 on Wednesday, marking a new all-time high, according to TradingView data. With a current value of around $2,730, Ethereum’s total market capitalization is now $315.4 billion. With the gain, Ethereum is now the 33rd most valuable asset in the world, swiftly overtaking precious metal platinum, according to comparison website Companies Market…

QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity

As the Ethereum (ETH) network progresses along the slow and steady path toward Eth2 and the full transition to proof of stake, layer-2 solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion.  One L2 solution that has emerged as a top choice for DeFi projects and traders is Polygon (MATIC), which over the past week, has seen its price climb toward new highs due to a surge in activity at its QuickSwap decentralized exchange. MATIC/USDT 4-hour chart. Source: TradingView Data…

Banco Santander exec talks up DLT utilization in finance

John Whelan, the head of Banco Santander’s blockchain lab in Madrid, recently touted the potential for increased decentralized ledger technology adoption in mainstream finance. Speaking during a webinar organized by Fintech Surge and the Future Blockchain Summit on Wednesday, Whelan remarked: “I could imagine a future where there is a global settlement network for an asset class of securities that operates in a fully controlled, private, permissioned layer-two on top of a public blockchain network.” While acknowledging that current public blockchain networks might not be optimized for high-frequency transactions, Whelan…