Welcome to Finance Redefined, your weekly dose of essential decentralized finance insights — a newsletter crafted to bring you the most significant developments from the past week.
According to Dan Smith, senior research analyst at Blockworks, Solana could flip Ethereum’s transaction fees as soon as this week. However, Solana’s daily transaction fees are still far from those of Ethereum. Ethereum generated over $2.75 million worth of fees in the 24 hours up to May 8, compared to Solana’s $1.49 million, according to DefiLlama data.When it comes to regulating cryptocurrencies like Bitcoin , financial authorities in the U.K.
The pseudonymous trader said they purchased 147 million Libra tokens in February 2023, worth approximately $1.47 million at the time, before he joined the protocol to assist with marketing efforts. Libra’s value has fallen over 58% since May 3 to trade above $0.001 as of 12:35 pm UTC, according to CoinGecko data.Hermetica has launched the first-ever Bitcoin-backed synthetic United States dollar with yield-generating capabilities in the latest development for Bitcoin-native DeFi.