Shashank is founder at yMedia. He ventured into crypto in 2013 and is an ETH maximalist.
The current state of decentralised finance (DeFi) was examined in a thread on Twitter by Nansen research analyst Sandra Leow, focusing on the movement of ETH and stablecoins away from crypto exchanges. Currently, more than 15 million ETH are held in the Ethereum 2.0 deposit contract, while 4 million Wrapped Ether (wETH) are kept in the wETH deposit contract. With more than 2 million tokens, Jump Trading is the ecosystem’s third-largest ETH holder. It creates and funds the infrastructure for Web3.
It is important to note that Binance, Kraken, Bitfinex, and Gemini have the largest ETH balances among wallets. In addition, there is a sizable holding of ETH on the Arbitrum layer 2 roll-up bridge.
Check out our Festive offers upto Rs.1000/- off website prices on subscriptions + Gift card worth Rs 500/- from Eatbetterco.com. Click here to know more.
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
click here to Subscribe Online
Why Indian B-Schools must play an active role in larger climate action dialogue
Advent calendars: From simple Germanic tradition to marketing extravaganza
The current state of DeFi was examined in Twitter thread by Nansen research analyst
Young Indian startups are the need of the Indian Web3 environment
Bank of Japan announces to test digital yen from early 2023
Belsri, Bislleri, Bilseri, Bisleri, Brislei
Onomy grabs millions of funding amid bear sentiment in the market
CoinDCX introduces 100 more chapters in tier 2 and 3 cities to encourage Web3 development
Soft power or 'artwashing'? How Qatar is using the arts to broaden its influence
Are buy now pay later offers worth it?
Can agritech startup GramHeet uplift the lives of distressed farmers?
Photo of the day: Ready to parade
India's 100 richest: Should billionaires be celebrated?
Binance is on the investor watch list of the Monetary Authority of Singapore
WEF invites Shiba Inu to help develop its project on Metaverse Global Policy