Ethereum's daily active addresses have declined by about 64% from January to July 2026, dropping from over 1.5 million to roughly 544,000. Despite this, DeFi protocols on Ethereum, especially lending platforms like Aave, are seeing significant growth in new wallet creation, with Aave hitting its highest daily new wallet count since October 2021. This divergence is partly due to the Fusaka upgrade, which lowered transaction fees and made DeFi participation more accessible, particularly for stablecoin transfers. While Ethereum’s overall network activity cools, the DeFi ecosystem remains resilient with total value locked steady at around $41 billion, highlighting a shift from speculative activity to more sustained financial product use.
When Bitcoin collateral is liquidated in DeFi lending, the protocol sells or transfers BTC-linked tokens like WBTC, tBTC, or sBTC to repay borrower debt. This process reduces both debt and collateral but may not fully cover the loan, potentially leav...
Kalshi has introduced perpetual futures contracts for cryptocurrencies including BNB, Cardano (ADA), Aave (AAVE), Worldcoin (WLD), and Venice Token (VVV), broadening its regulated crypto derivatives offerings in the U.S. These contracts, which have n...
Aave V3 now holds 78.6% of the $872.7 million USDT0 deposits in DeFi, reflecting its dominant position in stablecoin liquidity. Across 29 protocols, Aave V3 controls about 62.8% of the combined USDT and USDT0 total value locked, roughly $3.83 billion...
In August, Ethereum's ecosystem accelerated with significant Layer-2 network upgrades, including GnosisDAO's move to a ZK-proven Layer-2 rollup and Arbitrum's ArbOS Elara update enhancing transaction fees and smart contract capacity. Institutional ad...
Aave's active loans jumped from $11.1 billion to $12.5 billion in August, showing strong demand for DeFi borrowing and leverage. It controls about 42-48% of the top ten active loans, far outpacing competitors whose combined loans nearly match Aave's ...
