• Latest
  • Trending
Ethereum-Powered DeFi Altcoin Explodes 47% in One Week, Outshining Bitcoin and Crypto Markets

Ethereum-Powered DeFi Altcoin Explodes 47% in One Week, Outshining Bitcoin and Crypto Markets

April 8, 2022
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

US SEC Alerts Investors On Crypto Asset Securities – Dogecoin & … – NewsWatch

March 26, 2023
DOGECOIN AND SHIBA INU TO THE MOOOON!!!!!! #dogecoin #shibainucoin

DOGECOIN AND SHIBA INU TO THE MOOOON!!!!!! #dogecoin #shibainucoin

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Will RenQ Finance be as Big as Cardano (ADA) and Ethereum (ETH)? – Analytics Insight

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Altcoin Season On Horizon: How Bitcoin and Ethereum Are Poised to Perform – Coinpedia Fintech News

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

How Blockchain gaming expanding into Metaverse: 8 key features explained – OTV News

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

dAppstore (DAPPX) Rises 30.19%, Outperforms the Crypto Market Saturday – InvestorsObserver

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

ZKSYNC launches Alpha Mainnet ‘Era’ in Hope of possible Airdrop … – Tekedia

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Ethereum holders might be elated to know this about exchange balance – AMBCrypto News

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Under-the-Radar Web3 Altcoin Erupts 140% This Week Amid $40,000,000 Fundraising Round – The Daily Hodl

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Litecoin Price Prediction as LTC Rallies 38% From Recent Bottom – Can LTC Reach $100 in 2023? – Cryptonews

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Will TMS Network outshine among Cardano & Uniswap? – CryptoNewsZ

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Cubs Spring Training Notebook: Ripple effects of rotation decisions … – Marquee Sports Network

March 26, 2023
Sunday, March 26, 2023
EGROW ONLINE
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • ADA
  • Litecoin
  • Dogecoin
  • ICO
  • Ripple
  • Market & Analysis
  • Videos
No Result
View All Result
EGROW ONLINE
No Result
View All Result

Ethereum-Powered DeFi Altcoin Explodes 47% in One Week, Outshining Bitcoin and Crypto Markets

by admin
April 8, 2022
in Altcoins
0


The vast majority of crypto projects are in the red this week after a market-wide price dip on Tuesday and Wednesday, but one decentralized finance (DeFi) altcoin is bucking the trend.

Frax Shares (FXS) is one of the two tokens employed by Frax Finance, a stablecoin system where cryptocurrency is partially stabilized algorithmically and partially backed by collateral.

The FXS token, the 65th-ranked crypto asset by market cap, is used as a store of value and in the governance of the Frax protocol. FXS is trading at $33.01 at time of writing, up more than 47% in the past seven days.

The Block reported this week that the project is considering building reserve collateral made up of billions of dollars worth of other major layer-1 (L1) cryptocurrencies.

Explains Frax Finance founder Sam Kazemian,

“Keep in mind, this strategy means every L1 chain (including BTC/lightning) will have an incentive to have FRAX stablecoins flowing through their economy as that creates a central bank-size market demand for their L1 token.”

Frax wouldn’t be the first project to build up such a reserve.

Stablecoin issuer Terra (LUNA) is moving forward with plans to accumulate a massive $10 billion trove of Bitcoin (BTC) reserves, according to Do Kwon, Terra founder and CEO.

Check Price Action

<!–Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox


–>
Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

YOU MAY ALSO LIKE

Under-the-Radar Web3 Altcoin Erupts 140% This Week Amid $40,000,000 Fundraising Round – The Daily Hodl

Crypto Trader Maps Path Forward for Aptos and Chainlink, Predicts Altcoins Will Fly Once Bitcoin Cools Off – The Daily Hodl

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Space creator/Natalia Siiatovskaia



Source link

Tags: AltcoinBitcoinCryptoDeFiEthereumPoweredExplodesmarketsOutshiningweek
ShareTweetPin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

US SEC Alerts Investors On Crypto Asset Securities – Dogecoin & … – NewsWatch

March 26, 2023
DOGECOIN AND SHIBA INU TO THE MOOOON!!!!!! #dogecoin #shibainucoin

DOGECOIN AND SHIBA INU TO THE MOOOON!!!!!! #dogecoin #shibainucoin

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Will RenQ Finance be as Big as Cardano (ADA) and Ethereum (ETH)? – Analytics Insight

March 26, 2023

Recent News

Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

US SEC Alerts Investors On Crypto Asset Securities – Dogecoin & … – NewsWatch

March 26, 2023
DOGECOIN AND SHIBA INU TO THE MOOOON!!!!!! #dogecoin #shibainucoin

DOGECOIN AND SHIBA INU TO THE MOOOON!!!!!! #dogecoin #shibainucoin

March 26, 2023
Altcoins Lead Post-Fed Crypto Rally as Risk Appetite Increases – Yahoo Finance

Will RenQ Finance be as Big as Cardano (ADA) and Ethereum (ETH)? – Analytics Insight

March 26, 2023

Categories

  • ADA
  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple
  • Videos

Follow Us

Find Via Tags

Ada Altcoin altcoins analysis Analyst Big Bitcoin Blockchain BNB BTC Buy Cardano Coin Cointelegraph Crypto cryptocurrencies Cryptocurrency DOGE Dogecoin ETH Ethereum Exchange eyes finance Heres Inu investors latest Litecoin LTC Magazine market news NFT Prediction price rally Ripple Shiba Solana Today Token Top week XRP
  • privacy And Policy
  • About Us

© 2020 Egrow Online

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoins
  • ADA
  • Litecoin
  • Dogecoin
  • ICO
  • Ripple
  • Market & Analysis
  • Videos

© 2020 Egrow Online