{"id":7729,"date":"2021-06-02T05:48:32","date_gmt":"2021-06-02T05:48:32","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=7729"},"modified":"2021-06-02T05:56:15","modified_gmt":"2021-06-02T05:56:15","slug":"defi-protocols-generated-more-than-370-million","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/defi-protocols-generated-more-than-370-million\/","title":{"rendered":"June 2 Daily report: Ethereum investment products hit a market-share high of 27%, Bitcoin Steadies above 100 SMA, Polkadot ETP hits Swedish stock market, Defi protocols generated more than $370 million in revenue and Crypto Analyst Explains How Cardano ($ADA) Price Could Get to $5"},"content":{"rendered":"\n

Defi protocols generated more than $370 million in revenue during May<\/strong><\/h3>\n\n\n\n

Decentralized finance (Defi) protocols built on Ethereum produced all-time high revenues in May, according to data compiled by The Block.  Taking the top spot for the month was Uniswap, reaching $153.9 million (41.4%) of the $371.6 million total monthly Defi protocol revenue. Sushiswap had the next largest portion at 20.3%, followed by Aave at 16.6%. <\/p>\n\n\n\n

Ethereum investment products hit a market-share high of 27%, report says<\/strong><\/h3>\n\n\n\n

Ethereum<\/a> has hit a market-share high of 27% of all digital asset investment fund products following recent price corrections, according to a digital asset fund flows report by CoinShares, Europe\u2019s largest digital asset investment firm.<\/p>\n\n\n\n

Bitcoin Steadies above 100 SMA, Here\u2019s How BTC Could Start Fresh Increase<\/strong><\/h3>\n\n\n\n

Bitcoin<\/a> price corrected lower from the $38,000 resistance zone against the US Dollar. BTC is holding the 100 hourly SMA and it could start afresh increase in the near term. Bitcoin is holding a couple of important supports near the $36,000 zone.<\/p>\n\n\n\n

The price is currently trading nicely above $36,000 and the 100 hourly simple moving average.<\/p>\n\n\n\n

Polkadot ETP hits Swedish stock market<\/strong><\/h3>\n\n\n\n

The mainstream market now has a new way of buying and selling the crypto asset Polkadot \u2014 via an exchange-traded product. The mainstream financial world has taken notable strides to incorporate various crypto assets. A new exchange-traded product (ETP) for Polkadot (DOT) recently surfaced on a mainstream exchange in Sweden. <\/p>\n\n\n\n

Crypto Analyst Explains How Cardano ($ADA) Price Could Get to $5<\/strong><\/h3>\n\n\n\n

Cryptocurrency trader and analyst Micha\u00ebl van de Poppe says he believes the price of Cardano (ADA) has the potential to surge to the $5 mark based on technical analysis. The analyst\u2019s words came in a recently published video, first spotted by Daily Hodl, in which he said the price of the fourth-largest cryptocurrency by market capitalization, ADA, could surge to $5 per coin. In the video, after analyzing BTC\u2019s price chart, van de Poppe said Cardano has been continuously making higher lows.<\/p>\n\n\n\n

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