Polkadot futures open interest hits $1B as DOT price reaches a new ATH
The open interest of Polkadot futures soared to $1 billion, eclipsing Litecoin and XRP to make DOT the third-largest futures market. Now that DOT’s open interest is climbing to a new record high at $1 billion, investors may be worried that another price crash is on the way.
Kusama (KSM) is set to change the crypto landscape
Kusama (KSM) has been showcasing solid financial momentum in recent months, with the value of the cryptocurrency rising from $66 to a whopping $435 over the course of the last 90-days, thereby showcasing a gain of more than 600%. As a result, Kusama has been able to overtake many prominent projects including Tezos, NEO, NEM.
Litecoin On The Verge Of Monster Move Against Bitcoin
Bullish technicals on the LTC-BTC trading pair are indicating a massive move against Bitcoin. Turning upward the last time in early 2017, took Litecoin to its current all-time high. After holding onto the top ten like a champ, it could finally be time for digital silver to shine.
Celer (CELR), Cartesi (CTSI) and Compound (COMP) rally as Defi heats up
Aiming to reduce the cost of transacting within Defi is attracting developers and investors to Celer Network, Cartesi and Compound. Decentralized finance assets have also rallied significantly as the total value locked in Defi reached $100 billion on April 6 according to data from Defi Llama. At the start of the year, the TVL metric was only $20.74 billion, which shows there has been a massive amount of growth in the space.
Balancer to Appear Outside Ethereum Could Become Algorand’s Uniswap
Balancer, one of the largest decentralized exchanges built on Ethereum, is coming to Algorand. It’s yet another example of a large Defi project expanding beyond Ethereum to one of the Ethereum blockchain’s rivals. In doing so, it beats out larger rival AMMs Uniswap and SushiSwap.
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