Ethereum: ONDO Expands in Tokenized Finance
ONDO Finance emerges as a key player in tokenized finance, with $13.7B in US Treasury products and 60% market share in tokenized stocks. #Update #Crypto
TVL
Solana Protocol Shuts Down After $8M Exploit
Carrot shuts down after $285M Drift exploit; users have until May 14 to withdraw funds before forced deleveraging. Drift recovery via IOU token based on April 1 snapshot. #Breaking #Crypto $SOL
Ethereum L2 Networks Decline Below $100K TVL
Experts report a decline in Ethereum Layer 2 networks with Total Value Locked above $100K, signaling market consolidation despite new project launches. Vitalik Buterin suggests reassessing L2’s role. #Update #Crypto $ETH
XRP Supply Squeeze Looms: Price Impact
Crypto analyst Zach Rector warns of a potential $XRP supply squeeze as more tokens are locked in DeFi, potentially impacting liquidity and price. #Update #Crypto $XRP
Toncoin Price Surge: Staking TVL Impact
$TON’s price recovery continues as the dwindling staking TVL ratio raises questions about bullish trends in the crypto market. #Update #Crypto @Toncoin ↗ (+2)
Cardano DeFi Surges ADA Up 20%
Cardano’s DeFi ecosystem nears $700M in TVL, boosted by a $400M rise, while daily DEX trading hits $22.35M. $ADA market cap surpasses $40B, ranking it ninth among cryptocurrencies, fueled by innovations like Zero-Knowledge tech.