Latest Pools News

  • DeFi exchange Kyber pools $18M on day one of ETH staking rewards
    DeFi exchange Kyber pools $18M on day one of ETH staking rewards
    Kyber Network has launched its long-awaited Katalyst upgrade alongside its new KyberDAO.
  • Users Surge but Just Five DeFi Projects Account For 94% of Locked Funds
    Users Surge but Just Five DeFi Projects Account For 94% of Locked Funds
    DeFi’s surging popularity has seen the sector grow to comprise 240,000 users and more than $2 billion in value. The total number of users engaged with decentralized finance (DeFi) protocols has increased by more than 140%, since exceeding six-figures for the first time in January. According to data published by Dune Analytics, the total number of DeFi users was just shy of 240,000 as of July 6 — increasing by more than 20% in the past month. The total value of capital locked up in DeFi protocols has also exceeded $2 billion just six months after breaking above $1 billion for the first time. Despite the surge in users, five projects account for the vast majority — roughly 94% — of capital locked up in DeFi DeFi users proliferate According to Dune Analytics, Uniswap and Kyber Network comprise the top DeFi pools by total number of users, having attracted more than 92,000 and 82,000 respective users in less than two years of operation.  While Kyber has grown by more than 130% this year, Uniswap has nearly quadrupled its user base since January. Compound also saw a significant spike over the past month, posting a 35% increase from 30,000 users to more than 40,000 over the past 30 days. Smaller projects have also seen exponential growth over the past month, with Balancer growing nearly 400%, from 1,700 to 8,350, and Curve increasing 160%, from nearly 2,200 to 5,700.  Over $2B now locked in DeFi The recent rush of new DeFi users has significantly expanded the sum of capital locked up in DeFi projects. Hype surrounding the recent launch of Compound’s governance token COMP has seen the protocol overtake MakerDAO (MKR) as the top DeFi project by locked assets with $673.4 million, according to DeFi Pulse. Maker ranks second with $604.3 million, followed by Synthetix with $333 million, Balancer with $158.8 million, and Aave with $155.8 million. Between them these five projects account for 94% of the total funds locked in DeFi.
  • 8 Ethereum Miners Wield ‘Overwhelming Influence’ Over the Network
    8 Ethereum Miners Wield ‘Overwhelming Influence’ Over the Network
    The Ethereum (ETH) network is dominated by just over 50 powerful mining pools – with an inner cabal of eight maintaining the lion’s share of the blockchain, according to the findings of a new report. The ConsenSys-produced “The Ethereum Proof of Work” report concluded that as recently as Q2 of FY2020, just two mining pools had a majority of “just over 51%” of the
  • Security Flaw in Balancer Pools Leads to Massive $450K Crypto Hack
    Security Flaw in Balancer Pools Leads to Massive $450K Crypto Hack
    Automated market maker protocol Balancer lost over $450,000 in a hacking incident on Sunday.
  • ETH Transactions Near Record High as Miners Spam the Network
    ETH Transactions Near Record High as Miners Spam the Network
    The number of daily transactions on Ethereum passed one million recently, as mining pools spam the network. The number of daily transactions on the Ethereum network is approaching all-time high levels amid the rise of stablecoins and DeFi tokens — and with some miners reportedly spamming the network.  Daily usage on Ethereum spiked recently to 1.1 million transactions — a total not seen since its all-time high of 1.35 million daily transactions in early 2018.  The spike comes alongside some unusual behaviour by miners.
  • Bitcoin Price Dips as Two Mining Pools’ Daily BTC Outflows Hit $68M
    Bitcoin Price Dips as Two Mining Pools’ Daily BTC Outflows Hit $68M
    HaoBTC and Poolin shift over 7,000 BTC as bullish tendencies appear to fade and BTC/USD falls back to $9,500. Bitcoin (BTC) miners may have started selling coins once more as data shows two mining pools release over 7,000 BTC in a single day. The figures, from on-chain monitoring resource CryptoQuant, came hours before BTC/USD abruptly fell back to $9,500 on June 24.  Poolin nears outflow all-time high The mining pools under the spotlight are HaoBTC and Poolin, with the latter seeing its second-biggest daily outflows on record.
  • Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China
    Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China
    It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020.