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Top Ten Crypto Market Capitalizations Shifted a Great Deal Since the Last Time BTC Hit $60K

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Top Ten Crypto Market Capitalizations Shifted a Great Deal Since the Last Time BTC Hit $60K

The price of bitcoin recently jumped above the $60,000 per unit mark on October 15, and the leading crypto asset has not seen prices this high since mid-April six months ago. However, as far as the top digital assets are concerned, in terms of market capitalization, things are a whole lot different. For instance, ether tokens are worth a lot more than they were six months ago and binance coin values were higher back then than they are today.

Six Months Later as Bitcoin Returns to $60K, Some Crypto Coins Trade for More Value, While Others Trade for Less

On April 11, 2021, statistics from coinmarketcap.com’s historical snapshot data show that on that day, bitcoin (BTC) exchanged hands for $60,204 per unit. BTC also reached an all-time high three days later on Apr 14, 2021, at $64,804 per coin that week. The data from the historical snapshot indicates that ethereum (ETH) was swapping for $2,157 per coin on April 11 and today, a single ether is trading for $3,761 per unit.

The stats six months ago show binance coin (BNB) held the third position six months ago and at the time each BNB traded for $525. Prices are a bit lower than they were back then and BNB lost the third position to cardano (ADA) for a few months. Today, metrics show that BNB is swapping for $480 per coin which is 9.375% lower than the price six months ago. At that time, XRP held the fourth position in terms of market cap but today, XRP has slid to the sixth position.

The stablecoin tether (USDT) held the fifth spot back then, today it is sitting at number four. Like ethereum (ETH), cardano (ADA) is another coin that was trading for lower prices on April 11. At the time, ADA exchanged hands for $1.27 per coin and on October 18, ADA trades for $2.12 per unit. Polkadot (DOT) held the seventh position trading for $41.42 per DOT six months ago, today DOT trades for a touch lower at $40.76 and sits in the eighth largest position.

Litecoin, Uniswap, Chainlink Bumped Out of the Top 10 — Theta, Filecoin, Tron, Vechain Slip Out of the Top 20

Litecoin (LTC), uniswap (UNI), and chainlink (LINK) held the last three positions in the top ten respectively. But none of these coins are in the top ten positions anymore and UNI is the closest today. Positioned at 14 today, UNI is trading for $25.39 but on April 11, the token changed hands for $29.98. LTC was holding the eighth largest market valuation six months ago, but today it has slid to the 16th largest. LTC exchanged hands for $253.63 and today its much lower at $185.22.

Chainlink (LINK) was swapping hands for $33.92 per LINK back then, but on October 18, the price is around $25.59. LINK at that time held the tenth-largest spot and it now holds the 18th position. Missing from the top 20 coins that were seen on the list back then include tokens like theta (THETA) filecoin (FIL), tron (TRON) and vechain (VET). One notable gainer is solana (SOL) which moved from the 20th top position to the crypto economy’s seventh-largest spot in terms of valuation.

What do you think about the top ten crypto coin shift and some of the crypto assets that were bumped out of the top ten and twenty market positions during the last six months?

A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike

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A Slew of Defi Tokens Outperform Bitcoin's Weekly Gains, Defi TVL and NFT Sales Spike

October has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week. Moreover, non-fungible token (NFT) sales have picked up and after the total-value locked (TVL) in defi crossed $200 billion on October 5, two weeks later another $22 billion has been added to the TVL.

Defi Network Tokens Polkadot, Polygon, Binance Coin, Stacks Outperform Bitcoin’s Weekly Gains

Bitcoin (BTC) has been doing extremely well and BTC dominance has increased to 45.3% during the last week. However, a decent quantity of defi tokens from specific blockchain networks have outperformed BTC during the last week.

In fact, out of all the crypto assets in existence today, nine different digital assets saw better gains than bitcoin and a great deal of them are focused on defi. Polkadot (DOT) was this week’s leader with an increase of 19.6% and those gains were followed by polygon’s (MATIC) 19.4% percentage gains. Other strong gainers that outperformed bitcoin included binance coin (BNB), stacks (STX), and stellar (XLM).

Total-Value Locked in Defi Sees $22 Billion Added in 2 Weeks

Two weeks ago, on October 5, the total-value locked (TVL) in defi surpassed $200 billion and today defillama.com stats indicate the TVL is $222 billion. The decentralized exchange (dex) platform Curve holds the largest dominance with 7.72% of the TVL in defi. Curve is followed by Aave, Makerdao, and Wrapped Bitcoin in terms of defi dominance on October 18.

Ethereum captures $152.27 billion of the total TVL in defi and the Binance Smart Chain (BSC) commands $19.22 billion. Blockchains that have seen significant increases in TVL in defi include networks like Solana, Terra, and Avalanche. While Avalanche saw a 31.24% TVL gain, Harmony’s TVL increased by 24% during the last week.

Monthly Non-Fungible Token Sales Increase, Opensea Nears $10 Billion in All-Time NFT Sales

Metrics from nonfungible.com’s 30-day market history indicates that NFT sales jumped a great deal on October 5, and have continued to rise. NFT sales recorded during the last month were around $1.836 billion across 174,529 active market wallets.

Statistics from Dune Analytics show that the total transaction volume for NFTs measured in ETH, across 5.9 million transactions, is around 3,886,298 ether or $11.1 billion using today’s exchange rates.

Moreover, dappradar.com data shows that the NFT marketplace Opensea is nearing $10 billion in all-time sales and currently has $9.19 billion recorded so far. Axie Infinity has $2.61 billion and the NFT marketplace Rarible has recorded $230.76 million in all-time sales.

Polygon, Binance Smart Chain Addresses Tap All-Time Highs, Dex Trade Volume Remains Flat While Sushiswap Volume ‘Increased Sharply’

Additionally, statistics recorded by Coin98 Analytics weekly defi report indicates that the number of BSC active addresses reached an all-time high. However, the Polygon (MATIC) network surpassed BSC as far as the quantity of wallets created onchain.

“It also reached the ATH of 100 million wallets,” Coin98 Analytics said in its report. “The number of Ethereum wallets has remained unchanged from last week.”

The weekly report also discusses defi’s liquidity by protocol, dex platform weekly trading volume, and the daily active dex users as well. The report highlights that while dex trade volume has not grown much, it maintained $20 to $22 billion each month. Coin98 Analytics detailed, however, that Sushiswap volume “increased sharply, reaching $2.7 billion.”

What do you think about the defi tokens outperforming bitcoin and the TVL increase during the last two weeks? What do you think about the NFT sales volumes increasing and the address increase on Polygon and Binance Smart Chain? Let us know what you think about these subjects in the comments section below.

Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell

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Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell

Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion.

Total Value Locked in Defi Jumps Over the $200 Billion Handle, Ethereum TVL Commands 69% Dominance


The total value locked (TVL) in defi today has jumped nearly ten times higher than the value at the beginning of 2021. On October 5, 2021, the TVL in defi surpassed the $200 billion handle for the first time and the value has remained above $200 billion during the last seven days.

Statistics from defillama.com indicate that the defi protocol Curve has the largest dominance with $15.94 billion, up more than 7% over the last week. Curve’s dominance is 7.80% on Tuesday and it interacts with six different crypto networks including Avalanche, Ethereum, and Polygon.

Metrics show that Aave, Makerdao, and Wrapped Bitcoin (WBTC) command the third, fourth, and fifth positions in terms of defi TVL dominance. Aave commands $14.87 billion on Tuesday while Makerdao holds $13.48 billion, and WBTC captures $11.99 billion in value.

Between Curve, Aave, Makerdao, and WBTC all four defi protocols have $56.28 billion worth of the aggregate TVL, which is 27.53% of the entire TVL today. The entire $204 billion is across blockchain protocols like Ethereum, Solana, Avalanche, Polygon, Fantom, Terra, Arbitrum, Binance, Celo, and Harmony.

Top Ten Dex Platforms in Mid-October 2021 — Funds Continue to Pour Into Waves, Fantom, Polynetwork, Harmony, Arbitrum, and Avalanche Networks


The top ten decentralized exchange (dex) applications on Tuesday include defi projects such as Curve, Pancakeswap, Sushiswap, Uniswap, Balancer, Uniswap V3, Saber, Serum Raydium, and Bancor, respectively.

The top five blockchains with the most TVL on Tuesday are Ethereum, Binance, Solana, Terra, and Avalanche. The Ethereum chain still commands 69.01% dominance with approximately $141.06 billion total value locked on October 12.

The second and third-largest TVLs for Binance and Solana are below the $20 billion mark but above the $10 billion line. While Ethereum has seen a TVL increase of 1.65% during the last seven days, Fantom has increased the most during the last week.

Data shows Avalanche TVL has spiked 19.64% but Fantom’s TVL jumped a whopping 225% in a week’s time. Other leaders seeing increases in TVL over the last week include chains like Waves ($2.15B), Arbitrum ($1.52B), Polynetwork ($298M), and Harmony ($205.92M).

What do you think about the total value locked in defi protocols crossing the $200 billion mark this October? Let us know what you think about this subject in the comments section below.

Wormhole Adds Binance Smart Chain Support to Network Bridge

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Wormhole Adds Binance Smart Chain Support to Network Bridge

During the first week of September, the Wormhole Network’s ethereum ↔ solana bridge was introduced to the Solana community and the following week, developers released a bi-directional connection for blockchain non-fungible token (NFT) collectibles. On Monday, the Wormhole dev team revealed it has added Binance Smart Chain support to the token and NFT bridge platform.

Wormhole Now Connects Solana to Binance Smart Chain

The crypto asset solana (SOL) has propelled its way to the top seventh position, in terms of market valuation, among 10,000+ digital assets in existence. Now, year-to-date, SOL has gained 5,987% but during the last 30 days, SOL is down close to 18% on October 11. Much like Ethereum, Solana’s protocol is used for decentralized finance (defi) and there’s a myriad of defi platforms built specifically for the Solana network.

One specific project leveraged by a number of SOL users is the Wormhole Network, which has recently surpassed $200 million total value locked (TVL). As discussed in a recent article by Bitcoin.com News, cross-chain bridge technology has grown exponentially in recent months.

Moreover, metrics recorded this week by Dune Analytics show TVL across a myriad of bridges has swelled to over $14 billion. The Wormhole Network allows users to leverage ethereum ↔ solana swaps at any time and now users can connect to the Binance Smart Chain in the same fashion.

Cross-Chain Use Cases Across 3 Vibrant Blockchains

Data shows that the Binance Smart Chain (BSC) is a popular defi blockchain that connects with a number of other networks. The BSC Anyswap Bridge is one connection that is utilized to leverage cross-chain technology. Last month, the BSC chain did about ten times the number of transactions settled on the Ethereum chain last month.

The connection with the Wormhole Network will allow users to access the vast BSC ecosystem, the project’s announcement sent to Bitcoin.com News details. Wormhole adds that implementing support for the BSC protocol will allow users to:

  • Avoid double wrapping as tokens are able to retain their original mint.
  • Connect creators and artists through its multi-directional highway to move NFTs and wrapped assets cross-chain between participating ecosystems.
  • Allowing for cross-chain governance, liquid staking tokens, and access to oracle data across the three chains with $172B in TVL.

While $200 million is an increase for the Wormhole Network (WN) bridge, it pales in size to the Polygon Bridges which capture $4.5 billion TVL today, and Fantom Anyswap Bridge’s $4.2 billion. In fact, bridges stemming from Avalanche, Arbitrum, Optimism, and Zksync also have larger TVLs than the WN bridge.

What do you think about the Wormhole Network implementing Binance Smart Chain support? Let us know what you think about this subject in the comments section below.

FTX US Launches NFT Market — Users Can Trade and Mint Solana NFTs, ETH Support on the Way

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FTX US Launches NFT Market — Users Can Trade and Mint Solana NFTs, ETH Support on the Way

On Monday, FTX US announced the launch of its marketplace for non-fungible token (NFT) assets. FTX explained that the marketplace will feature Solana-based NFTs but support for Ethereum-based NFTs is coming in the near future.

FTX US Reveals New Solana NFT Market, Plans to Support Ethereum in the Near Future

West Realm Shires Services Inc., the parent company of FTX US, revealed on Monday that the U.S.-based regulated cryptocurrency exchange has launched the FTX NFTs Marketplace. The market will give FTX US users the ability to mint NFTs, as well as transfer the digital collectibles. The announcement published on October 11, indicates that the market will initially host Solana (SOL) minted non-fungible token (NFT) assets. “In the near future,” FTX NFTs plans to implement Ethereum support as well.

Brett Harrison, the president of FTX US explained during the announcement that the company has already become “immersed in the NFT ecosystem.” “In learning about so many of these projects, we’ve come to a comprehensive understanding of the needs of creators and collectors in the space,” Harrison said in a statement. “With the launch of this platform, we hope to provide both US and global users with a regulated marketplace that is intuitive and responsive to their needs.”

FTX Joins a Slew of Competitor NFT Marketplaces Raking in Billions, Exchange to Support all Solana NFTs That Conform to the Metaplex Standard

FTX NFTs Marketplace will indeed have a large quantity of NFT markets to compete with like Opensea, Rarible, Makersplace, Nifty Gateway, the Wax Atomicmarket, Aavegotchi, Foundation, Superrare.co, Hic et nunc, and more. Opensea by itself is nearing the $10 billion mark in terms of sales as the NFT market which supports both Ethereum and Polygon has captured $8.58 billion in all-time sales. While most of these markets do support Ethereum, some of them leverage Polygon, Tezos, Wax, BSC, and Flow.

FTX US planning to tap into the Solana ecosystem may give the market some initial advantages by separating itself. The company detailed that it plans to work “directly with Solana project creators to ensure authenticity verification” and highlighted that bids or listings can be done with a variety of assets including USD, SOL or ETH. “All Solana NFTs that conform to the Metaplex standard will be supported on the FTX US platform,” the firm’s announcement further explains.

Harrison and FTX US believe that the non-fungible token (NFT) collectible industry has gained access into our everyday lives. “The NFT ecosystem has started to infiltrate pop culture, but has been lacking a platform that provides easy access and exposure to the mainstream audience,” Harrison’s statement concluded.

What do you think about FTX US launching an NFT marketplace that supports Solana-based NFTs? Let us know what you think about this subject in the comments section below.