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Ether over $3k, Uniswap Rally, Solana Defi at all time highs and Metamask wallet record users

The Hash Insider

Crypto markets have experienced another week of positive performance, with indications pointing towards a continuation of this trend. Notably, Ether has demonstrated superior performance compared to Bitcoin throughout the month of February. The Nasdaq Crypto Index (NCI) increased by 2.3%, with Ether (ETH) blowing past the $3,000 tally, with a 8.7% increase, while Bitcoin maintained its position at $50,000 despite a slight 0.2% dip, keeping the total value of the crypto market around $2 trillion.

 

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Solana DeFi tops $2 billion in value locked for the first time since jun/22

Solana's DeFi surpasses $2 billion in locked value for the first time since June 2022. Interest in decentralized finance (DeFi) on Solana is on the rise, with the total locked value on the blockchain crossing the $2 billion mark once again. According to DeFi Llama figures, the amount of funds engaged in DeFi applications running on Solana now stands at $2.062 billion. The last time it reached this level was in June 2022, marking a significant increase from the value, which was below $1 billion at the beginning of 2023.

 

Uniswap's UNI surges 60% following proposal of a significant governance overhaul

UNI, the governance token of Uniswap, saw a 60% increase in value following a proposal from a prominent Uniswap Foundation leader to revamp the protocol's decision-making process. The proposal aims to allocate protocol fees to UNI holders who stake and delegate tokens, with the goal of revitalizing the protocol's governance mechanisms. If Friday's proposal passes, it would allow protocol fees to be collected automatically and distributed to UNI token holders who have staked and delegated their votes.

 

Metamask monthly active users nears All-time High

MetaMask, the cryptocurrency wallet, experienced a remarkable 55% surge in active users within the last four months, soaring from 19 million in September to an impressive 30 million in January. This surge mirrors the record-breaking numbers achieved by the wallet in 2022. The expanding user base aligns with the recent uptick in cryptocurrency prices, attracting both returning and new users to the platform. Notably, MetaMask has taken steps to enhance security by introducing Blockaid, a default web3 security tool for multiple blockchains, aiming to shield users from potential malicious transactions.

 

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