The DeFi platform of PancakeSwap (CAKE) has reached a new milestone in terms of daily transaction count.
At the time of writing, PancakeSwap has handled 1,733.484 transactions in the last 24-hour period.
The DeFi platform has also experienced a 24-hour trade volume of $1.7 billion with approximately $9.86 Billion in total value locked.
This amount has exceeded Ethereum’s at 1.427 million in the same time period.
S&P Dow Jones Indices launched three cryptocurrency indexes on Monday, for Bitcoin, Ether, and a combination of both with the tickers SPBTC, SPETH, and SPCMC.
This is the first S&P Crypto index.
The announcement came from data from the partner firm Lukka.
S&P’s crypto indexes are set to normalize bitcoin and ether data among Wall Street traders who are very interested in crypto price action.
It also uses Lukka Prime’s methodology for Pricing.
More Investors are getting into Ethereum products. Institutional investment managers bought $30.2 million worth of Ethereum products last week which brought the total institutional holdings to $13.9 billion.
Total institutional funds that flowed into ETH products in a month was a total of $170 million, and $824 million flowed into it a year.
And the Investment Managers now hold a combined $13 9 billion worth of ETH.
Bitcoin Miners already started signaling Taproot upgrade which is already in progress. Taproot signaling now reflects about 44% of the total Bitcoin hashing power.
AntPool and F2P00I which arc the two largest Bitcoin mining pools by hash rate are among the first supporters of the Taproot activation in the mining arena.
Other pools in support are Foundry USA and Slush Pool, with the latter responsible for mining the first signaling block.
Residents of Argentina turn towards Crypto as a hedge against inflation. In the words of Maximiliano Hinz, Latin American director of Binance: “The number of user accounts for investing in cryptocurrencies has multiplied by ten in Argentina since 2020.”
In the past, Argentinians invested in fiat, that is the U.S. dollars in order to combat inflation, but that option is no longer Preferred as Cryptocurrencies have become an obvious solution.