luna
Lehman Brothers’ collapse was the largest corporate bankruptcy in US history, having accrued $619 billion in debt. So large were Lehmnan’s liabilities that it presaged the Great Recession of 2008 – 2009, making it necessary for the Federal Reserve to step in. On the same level of fallout is Terra’s collapse for the crypto space. On the heels of Ethereum, at a $41 billion market cap in April, Terra (LUNA) was supposed to usher Finance 2.0 by providing a blockchain counterpart to the VISA payment system. Additionally, one of its main dApps, Anchor Protocol, enticed users with up to 19.5% yields ...
ValueWalk
What do you do when you are popular, but you can’t handle the heat? This is the question Ethereum has been struggling with for the last two years, after much development since its launch in 2014. As the first blockchain network to deploy and popularize dApps, Ethereum has skyrocketed in popularity since 2020. In fact, without Ethereum, decentralized finance (DeFi) wouldn’t exist today as we know it. Q4 2021 hedge fund letters, conferences and more Total value locked (TVL) in Ethereum. Its activity ramped up drastically in the summer of 2020. Source: DeFiLlama.com This is a 20,000% rise from Ap...
ValueWalk
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