Crypto News – After the highly anticipated halving, the crypto sector’s headlines were quite busy.
April 22 Crypto News: What Happened in the Crypto Sector Today?
Industry observers believe EigenLayer is having problems. After setting a new record on April 20, the day of the Bitcoin halving, bitcoin transaction costs have now started to decline again. New Telegram mini-apps, according to a TON Foundation executive, will greatly increase the uptake of cryptocurrencies. Details of these 3 news are given in the rest of the article.
Is EigenLayer Facing a Massive Yield Crisis?
Industry observers speculate that EigenLayer, the largest restaking protocol on Ethereum by total value locked (TVL), maybe in the midst of a major yield crisis. Chudnov, a pseudonymous constructor at 3Jane derivatives exchange, claims that because of EigenLayer’s explosive expansion in TVL, the protocol may be outgrowing its Actively Validated Services (AVS), which could result in a significant yield loss.
Bitcoin Fees Drop Sharply
Within twenty-four hours of the fourth Bitcoin halving on April 20, the average fees paid on the platform experienced a significant decline. According to mempool.space, the average fee of Bitcoin (BTC) for medium-priority transactions has decreased to $8–10 as of April 21. Bitcoin outperformed Ethereum by more than 24 times, with a total fee of $78.3 million just one day prior.
Mini-apps on Telegram will Promote the Use of Cryptocurrencies
After Tether‘s USDT stablecoin was introduced on Telegram’s Web3 ecosystem, Justin Hyun, an executive at the TON Foundation, stated that Telegram mini-apps would promote the use of cryptocurrencies. According to him, the creative economy that already exists on Telegram and TON is unlocked with the debut of USDT on TON. The hurdle of needing to obtain a separate kind of cryptocurrency or token is no longer required of users.
The most interesting use cases are the ones that engage in social viral mechanics. So there are games that are being created on a daily basis that are powered through Telegram mini-apps,
Hyun
Leave a comment