DeFi Daily News，December 10th, 2020
1. Bitcoin is holding just above $18,000 but analysts are mixed on where it will head, DeFi’s total value locked looks to have momentum but that might have to do with crypto market conditions. Bitcoin (BTC) trading around $18,355 as of 21:00 UTC (4 p.m. ET). Slipping 1.9% over the previous 24 hours, which trading range was between $17,630 and $18,836.
2. On December 10th, the Algorand Foundation announced the launch of its new official website: https://algorand.foundation/, and released a new dynamic model for the long-term development of ALGO tokens. The foundation will extend the fixed total supply of 10 billion ALGO time span from the current 4 years to 10 years until the end of 2030.3. According to data from Dune Analytics, the total historical transaction volume of 1inch, a decentralized transaction aggregation platform, exceeded US$5 billion. In addition, the total number of transactions of 1inch exceeds 320,000, and the number of users exceeds 34,000.
3. According to OKLink data from Oukeyunchain, as of 11:30 am on December 9th, the total lock-up amount of the DeFi protocol on Ethereum was approximately US$16.85 billion. The current top three agreements with locked positions are Maker 2.5 billion USD (-4.41%), WBTC 2.17 billion USD (-5.36%) and Compound 1.6 billion USD (-4.22%).
English:
Telegram-en/ONEROOT network/R1 protocol/Reddit/Twitter/Medium/Linkedin/Facebook/Github
Instagram: @onerootnetwork
Youtube: @OneRoot Project
Chinese:
Telegram-cn/Weibo
Official QQ group: 6644849O
Official WeChat account: oneroot_admin
