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A major achievement for the decentralized finance sector is that HyperliquidX has reached an all-time high of $3 billion in Bridge Total Value Locked, a significant milestone for the perpetual DEX.
HyperliquidX is growing rapidly, fueled by strong user adoption, a deflationary token model, and fundamentals that most would describe as excellent. We at DeFiLlama think that it is a dominant force in...
Ethereum’s Layer 2 (L2) ecosystem is seeing a new wave of activity as Total Value Locked (TVL) shifts across the main scaling networks. Base is approaching its all-time high, Optimism continues to lag behind, and Arbitrum is in transition, moving from recent losses to signs of growth.
Base Mounts a Strong Rebound, Optimism Stuck at Lows
In recent weeks, Base has emerged as the strongest performer...
A milestone that underlines the increasing coming together of conventional finance and the world of digital assets is Coinbase’s recent addition to the S\...
May 20, 2025 — Following a consolidation phase and recent pullbacks, the market for AI agents has returned to vibrant health.
The total market capitalization of AI agents surged 4.53% over the past 24 hours, reaching $10.59 billion. Meanwhile, Virtuals once again emerged as the clear sector leader, cutting a new all-time high in market mindshare at 43.63%.
Virtuals Reclaims Momentum with Price...
Although the altcoin market is almost everywhere sluggish, the GameFi sector is enjoying what appears to be a solid move. Its market capitalization grew 50% last week.
We are currently tracking 13 narrative-based primitives for DeFiLlama, up from 10 last April. The performance of GameFi is pushing it to the forefront of a couple of these primitives. The sector is clearly not being held back by...
A proposal has been put forth by Vitalik Buterin, one of the co-founders of Ethereum, that could significantly reduce the current demand for both hardware and storage to run an Ethereum node.
In contrast to current designs, which require node operators to serve up a near-complete package of state and history of the blockchain, the proposed “local-first” design would allow a user to run a node on...
Even though a lot of what is happening in the cryptocurrency world seems to be dominated by speculation and the kinds of narrative cycles we see in any emerging story, Sei Network is going about its business in a different way and is showing what it can do with real adoption.
User activity and on-chain operations are up and the project is starting to pull in some serious attention. Not that...
BlackRock, the world’s largest asset management company, is in the news once again with its Bitcoin exchange-traded fund (ETF) achieving a significant milestone.
The spot Bitcoin ETF now holds 631,962 BTC, which is currently worth about $65 billion at market prices. This enormous accumulation of Bitcoin in the ETF represents a notable shift in the world of traditional finance, where increasingly...
For the first time in its history of more than a decade, Ethereum has seen the portion of its supply maintained on centralized exchanges dip under 4.9%.
Bitcoin isn’t too far behind, with only 7.1% of its total supply now residing on exchanges, the lowest it’s been since November 2018. These numbers were recently reported by the analytics firm Glassnode, and while they don’t necessarily forecast...
In a major shift within the stablecoin ecosystem, Ethereum has seen its tether (USDT) issuance once again overtaken by Tron. This occurred in May 2025.
It should be noted that this tether is now USDT issued on the TRC20 basis. As of that month, tether issued on the TRC20 basis had reached a staggering $75.7 billion. This should also be the moment we should note tether issued on the ERC20 basis....