Bankless Weekly Rollups - 2ND WEEK OF OCTOBER
Oct 16, 2020
This week, the podcast dives into the fascinating world of crypto, highlighting Bitcoin's soaring hash rate and the steady prices of both Bitcoin and Ethereum. Exciting advancements in DeFi are on the horizon, including new governance features and the popularity of MetaMask. The discussion also touches on Grayscale's record inflows and hints at evolving regulatory frameworks. With the anticipation building around Ethereum 2.0, listeners gain insights into the DeFi landscape and the importance of decentralized finance in ensuring user autonomy.
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Bitcoin Hash Rate ATH
- Bitcoin's price hovers at $11,500, while Ether is around $378.
- The Bitcoin hash rate reaching an all-time high indicates miners' confidence in future price appreciation.
DeFi TVL Growth
- Total value locked (TVL) in DeFi is near its all-time high of $11.3B, despite recent declines in individual DeFi asset prices.
- This suggests strong growth in the DeFi sector, independent of yield farming hype.
Tornado Cash Usage
- Tornado Cash, a privacy solution on Ethereum, processed $2.7M in volume in 24 hours.
- Increased usage suggests growing demand for private transactions within the Ethereum ecosystem.