- Top crypto tokens by market cap – Bitcoin price up 1.3% at $21,450, Ethereum price at $1605, up about 1.5%
- Global crypto market cap up about 1.3% in past 24 hours, currently at about $1.02 trillion
- Top crypto news – ETH 2.0 staking accelerates ahead of Ethereum Merge, Shiba Inu clinches new high in social dominance, XRP transaction activity sees positive action
CRYPTO MARKET TODAY AT A GLANCE
|Global crypto market cap||$1.02 trillion|
|Rise/Fall in crypto market cap||1.3%|
|Global DeFi TVL||$61.3 billion|
|Rise/Fall in DeFi TVL||1.3%|
GLOBAL CRYPTO MARKET OVERVIEW
TOTAL VOLUME IN DEFI
According to data from CoinMarketCap, the total volume in DeFi is currently $4.59 billion, 7.80% of the total crypto market 24-hour volume. The volume of all stable coins is now $56.12 billion, which is 95.41% of the total crypto market 24-hour volume.
And, according to DeFiLlama, the total-value-locked in DeFi as of writing this stands around $61.3 billion, up about 1.3% in the past 24-hours.
TOP CRYPTOS TODAY BY MARKET CAP
ETHEREUM PRICE TODAY
Ethereum had been one of the best performers in the biggest cryptos by market cap list, thanks to the highly anticipated Ethereum Merge coming up in less than a month now. However, the the last couple of days has seen Ethereum price take a major hit. Just at the beginning of the weekend, ETH prices lost a staggering 12.1% in under a day before recovering slightly amid short covering.
However, it must be noted that Ethereum price have managed to stay above the 50-day moving average and its trendline support. This is mainly due to the fact that Ethereum had managed to do really well in the past weeks, gaining ahead of most other heavyweight cryptos out there, even Bitcoin and thus is able to hold on to its ground better than most. So a quicker recovery in the altcoin king may be possible going forward, if the broader market supports it.
BINANCE COIN (BNB)
Binance Coin (BNB) price recovered about 3% in the past 24-hours and is currently trading at around $297.45 - with a current market cap of $48.06 billion as of writing.
SOLANA (SOL) price recovered about 3.5% in the past 24-hours and is currently trading at around $36.2 - with a current market cap of $12.65 billion as of writing.
SHIBA INU (SHIB)
Shiba Inu (SHIB) price recovered about 3% in the past 24-hours and is currently trading at around $0.00001337 - with a current market cap of $7.33 billion as of writing.
Polygon (MATIC) price recovered about 3.1% in the past 24-hours and is currently trading at around $0.81 - with a current market cap of $6.54 billion as of writing.
ETHEREUM CLASSIC (ETC)
Ethereum Classic (ETC) price recovered about 1.8% in the past 24-hours and is currently trading at around $33.2 - with a current market cap of $4.54 billion as of writing.
TOP CRYPTO NEWS TODAY
1. ETHEREUM STAKING ACCELERATES AHEAD OF ETHEREUM MERGE
With the Ethereum Merge less than a month away now, ETH 2.0 deposit contract addresses has reached over 13,343,768 and the stake rate to the staking contract has exceeded 11.17%. According to data, almost 36,000 ETHs have been added every week in the past few weeks and over 153k ETH have been staked since the beginning of August, 2022.
According to OKLink, the number of ETH 2.0 deposit contract addresses has reached 13,343,768, and the stake rate has exceeded 11.17%. About 36,000 ETHs have been added every week, and 153,000 new ETHs have been staked since August. https://t.co/7d7g91WlDS pic.twitter.com/zDbWYByDz6
— Wu Blockchain (@WuBlockchain) August 22, 2022
2. XRP ON-CHAIN TRANSACTIONS SEES MAJOR SPIKES
According to data from on-chain analytics firm Santiment has found that XRP whales have completed the biggest transaction activity int he past three months, despite poor price action in the token. According to the data released by then, transactions worth exceeding $100k on the XRP ledger saw a major spike to levels not seen since May 2022.
🐳 #XRP is seeing notable whale activity, as well as high optimism, in Friday's closing trading hours. We've picked up a spike of $100k+ $XRP transactions that hasn't been equaled since May 13th. Additionally, sentiment is at its highest since April. https://t.co/lXz1LfyrCR pic.twitter.com/DuEhLrtWfs
— Santiment (@santimentfeed) August 19, 2022
3. SHIBA INU'S SOCIAL DOMINANCE REACHES NEW HIGHS
According to latest data from crypto social intelligence portal, LunarCrush - SHIB has set a personal three-month record of daily mentions on social networks. As per the data, the number of mentions of the main token of the Shiba Inu project reached 88,900 on 21 August, while the total number of references to SHIB in social networks in the past 90 days amounted to 3.51 million.
TOP CRYPTO GAINERS TODAY
|COIN||PRICE ($)||% CHANGE (24-HOUR)|
|LIDO DAO (LDO)||$2||7.2%|
TOP CRYPTO LOSERS TODAY
|COIN||PRICE ($)||% CHANGE (24-HOUR)|
|XDC NETWORK (XDC)||$0.03||-3.7%|
Prices as of 22nd August, 2022
Additional Read: Bitcoin Price Nosedives below $22000