What a FEEasco. Ethereum gas fees reach devastating new highs as new DeFi protocols require more complex transactions, and demand fueled by yield farming continues to increase.
Today we launched the Algorand Community Console, a new interactive platform for users to dive deeper into Algorand’s blockchain data. With DeFi and cryptocurrency markets moving so rapidly, we found it important for users to be able to examine what is happening on-chain, in real time. Anyone can access it for free at algorand.flipsidecrypto.com.
Members of the FCAS 25 are reevaluated each month and must be ranked within the top 25 for at least 40 days to qualify. Today, a new set of members was released with LBRY Credits (LBC) and Holo (HOT) dropping out, and Zilliqa (ZIL) and Aave (LEND) joining the top echelon.
Overall industry health can be assessed by taking the average FCAS of these 25 top projects, which has gone up 10-points in the past month.
SushiSwap, a fork of Uniswap’s decentralized exchange, is quickly becoming a DeFi giant, with currently $1.4B total value locked. Above is a visualization of SUSHI token net asset flows from September 1-4.
USDC stablecoin just joined the Flipside Data Cooperative, which means its on-chain data is now available for anyone to access publicly. Take a look at what happened on August 14th, 2020 when Curve launched its governance token, CRV.
On Thursday August 14th, an anonymous DeFi user deployed Curve Finance’s Decentralized Autonomous Organization (DAO) and token smart contracts without the team’s permission. Around 80,000 Curve Tokens were mined before the official launch several hours later.