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The total value locked (TVL) in Polygon’s (POL) DeFi ecosystem is up nearly 43% since the start of this year.
According to DefiLlama data, the network recorded $864 million in TVL on Jan. 1, and added roughly $400 million in the following months to hit $1.23 billion as of Aug. 18.
Furthermore, the POL price reflected the TVL growth in the past 30 days, rising above the sector’s average.
Growth...
A recent Bank of America survey shows that most global fund managers are still hesitant to invest in crypto despite the recent bullish momentum observed in the sector.
The study, which included 211 fund managers overseeing $504 billion in assets, found that about three-quarters of respondents have no crypto holdings at all.
Meanwhile, crypto allocations among managers who hold these financial...
Japan and South Korea are moving quickly to create clearer rules for stablecoins as global interest in digital currencies grows.
Stablecoins are cryptocurrencies designed to hold steady value by linking to fiat currencies, commodities, or other assets. Their use in payments, trading, and DeFi has expanded rapidly, with forecasts suggesting the market could grow into the trillions in the coming...
The Royal Government of Bhutan has cut its Bitcoin exposure by selling more than $92 million of the top digital asset during the recent market downturn.
On Aug. 18, blockchain analysis platform Onchain Lens reported that Bhutan moved 799.69 BTC, valued at approximately $92.06 million, into two new wallets. According to the firm, these transfers would likely be sent to a centralized exchange (CEX...
Digital asset investment products pulled in $3.75 billion in net inflows last week, marking one of the largest weekly gains in history, according to CoinShares latest weekly report.
The renewed appetite follows several weeks of tepid market sentiment and coincides with a recent crypto price rally. Notably, these inflows lifted total assets under management (AuM) to a fresh record of $244 billion...
Tokenized assets recorded on public blockchains have reached approximately $293 billion, according to data from RWA.xyz.
The figure, which includes stablecoins valued at about $266.7 billion, places tokenization near the $300 billion threshold, emphasizing its role as a structural layer in on-chain financial markets.
Excluding stablecoins, tokenized real-world assets account for around $26.3...
The controversial AI-focused crypto project Qubic has suggested it may mine Dogecoin (DOGE), the largest memecoin, after completing its current operations on Monero (XMR), the privacy-focused blockchain network.
On Aug. 17, Qubic Network founder Sergey Ivancheglo shared a Discord screenshot showing that the community voted to target Dogecoin for the upcoming mining season.
This decision followed...
Solana processed more than 100,000 transactions per second during a recent stress test, marking a new milestone in the network’s scaling efforts.
The mainnet block briefly peaked at 107,540 TPS through high-load “noop” program calls, according to data shared over the weekend, showing the upper bound of Solana’s current infrastructure.
Developers clarified that the test did not involve real...
Bitcoin (BTC) and Ethereum (ETH) opened the week with notable losses, as the two leading cryptocurrencies retreated from their recent highs.
According to CryptoSlate’s data, Bitcoin fell more than 3% over the past 24 hours, slipping from above $118,000 to around $115,303 at the time of writing.
Ethereum followed suit, dropping roughly 4% to $4,270 to end its recent streak of substantial gains....
The World Economic Forum (WEF), the influential global convening force for policymakers and industry leaders, has appointed BlackRock CEO Larry Fink as interim co-chair. The move comes hot on the heels of a high-profile internal review that cleared WEF founder Klaus Schwab of wrongdoing and set the stage for a temporary leadership overhaul as the organization recalibrates its governance model....