Traders warn about Ethereum and DeFi tokens as momentum dwindles against Bitcoin | CryptoSlate

In the past week, the alternative cryptocurrency (altcoin) market has further slumped against Bitcoin. Since achieving a peak in early September, decentralized finance (DeFi) tokens alongside Ethereum have shown a lackluster performance.

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Silicon Valley will create an Ethereum & DeFi bubble: Analyst | CryptoSlate

Ethereum’s decentralized finance (DeFi) space has seen exponential growth over the past few months.
Nothing shows this as well as the total value locked in DeFi contracts, which has risen from around $500 million at the start of the year to $11.5 billion at the local highs.

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Top Ethereum whales are HODLing at an “impressive rate,” data finds | CryptoSlate

Top Ethereum whales are increasingly moving their funds off exchanges, on-chain data show. It demonstrates the confidence of high-net-worth investors in the medium-term trend of ETH.
In the past two months, tokens on exchanges dropped by 20.5%, as exchange outflows substantially increased.

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Bloomberg brands Polkadot (DOT) an “Ethereum blockchain killer” in new article | CryptoSlate

Ethereum has long been the leading smart contract blockchain after its launch in 2015. It has faced contenders in Cardano, Stellar, and many other blockchains, but as of now, they have yet to make a serious dent into ETH’s market share.
This may be changing, though.

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Here’s why DeFi and decentralized exchanges could grow even more | CryptoSlate

Decentralized finance (DeFi) has seen parabolic growth since the start of 2020, with the total value locked in these contracts, largely based on Ethereum, rising from $1 billion to $12 billion now.
Crucial to this growth has been decentralized exchanges (dexs).

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1,000,000 Ethereum would have been burned in the past year if EIP-1559 was live | CryptoSlate

Ethereum users have faced extreme transaction fees over recent weeks and months. At one point, there were users paying $10-20 just to send ETH and ERC-20 tokens from address to address as the cost of gas spiked to 1,000 Gwei and beyond temporarily.

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Leading Ethereum dex Curve begins dabbling in layer-two solutions | CryptoSlate

Ethereum transaction fees have dropped dramatically since the summer highs when gas cost upwards of 1,000 Gwei. According to GasNow, the average Ethereum user is paying approximately 40 Gwei for a transaction — over 96 percent below the recent highs.

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