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ETH and DeFi 1.0 Lead the Market as Ethereum 2.0 Merge Narrative Intensifies

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ETH and DeFi 1.0 are going strong as the Ethereum 2.0 Merge keeps going with full steam ahead.

The past week has seen the cryptocurrency market add some $150 billion to its total capitalization and reclaim the coveted $1 trillion mark.

To further highlight its dominance recently, it’s worth looking at the total liquidated positions. In the past 24 hours alone, theyIt also appears that the surge in ETH propelled other related cryptocurrencies to increase as well. Namely, these are part of the so-called DeFi 1.0 ecosystem and include projects like Polygon , Synthetix , Curve , Uniswap , AAVE , Maker , Fantom , and so forth.

 

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Crypto recaptures $1 trillion market cap: BTC hits $22K, ETH 'giga mooning'Cause for celebration or just more consolidation in a range? At one trillion dollars, the crypto market reclaims a psychological barrier. $ETH We love to see it I guess we'll enjoy it while it lasts.🥲
Source: Cointelegraph - 🏆 562. / 51 Read more »