Over 1% Of Bitcoin s Max Supply Now At Work forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Hmedium: DePlutus to be the 1st Asset Management Protocol Deployed on BSC Chain
Figure 1
https://orders.newsfilecorp.com/files/7987/82846
DePlutus Protocol, already alive on Ethereum mainnet this April, is a dark horse player in the DeFi asset management category, featuring a series of innovations and novel functions to improve the shortcomings of existing protocols of this kind, as well as deliver premium return and additional liquidity to their on-chain fund investors.
In April 2021, the Total Value Locked (TVL) in DeFi exceeded $100bn. By the end of 2020, the global asset management industry had over $100 trillion assets under management (AUM). The collision between DEFI and the asset agreement has attracted the attention of users and has become the next hot plate of DeFi. However, previous asset management agreements faced the DeFi Impossible Triangle in terms of efficiency, security and high returns, which resulted in the limited development of asset management agreements
This column does not necessarily reflect the opinion of the editorial board of Benzinga.
Digital currencies have reached an inflection point. In the last few months alone, the industry had some major wins: PayPal and Venmo enabled US consumers to buy, sell, and store cryptocurrency on its platform; last year, the Office of the Comptroller of the Currency (OCC) granted banks custody over cryptocurrency; and crypto startup Anchorage became the first crypto custodian to receive a federal bank charter.
And of course, there’s Elon Musk’s Tesla, who announced in an SEC filing that the company was holding $1.5 billion in bitcoin on its balance sheet. Indeed, recent events have made it absolutely clear that cryptocurrency is now a household name.
In only three weeks OlympusDAO native token OHM has gone from $812 to $1639, at the time of writing. In the 30-day chart, the token has a 74.2% profit and a 55% profit in the 7-day chart. The protocol’s fundamental continues growing at an impressive pace and could yield further gains.
OHM moving sideways in the daily chart. Source: Coingecko
Data shared by the OlympusDAO revealed an increase in the number of OHM holders. Under 1,000 at the end of March 2021, this metric has more than double in April and stands at 3,300. In the past 30 days, OHM holders have been growing exponentially.
Source: Dune Analytics via OlympusDAO
A report by Messari researcher Roberto Talamas explores the performance of the most important cryptocurrencies in the “ecosystem wars”. From Ethereum, Cosmos, Solana, Binance Smart Chain, DeFi seems to be moving from a “trend” to a relevant sector for any platform looking to take a share of the $55.29 billion in Total Value Locked (TVL) on these protocols.
According to Talamas, Polkadot and Cosmos’ assets were amongst the worst performing of the week. With DOT down 27.2% in the 7-day chart and ATOM down 30% in the same period. Cosmos, assets saw losses from 4% to 27% much like Polkadot with 14% to 30% losses in KSM, POLY, AKRO, and other major tokens.