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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million

Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million

The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018.

Ethereum Defi Applications See Unique Addresses Surpass 3 Million

According to statistics from Dune Analytics, the number of users or unique ethereum addresses utilizing defi has jumped past the 3 million threshold this week. At the time of writing, data shows there are 3,092,000 unique addresses recorded on July 27. The lion’s share of these addresses stems from the decentralized exchange (dex) platform Uniswap.

Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million

Uniswap’s dex currently has approximately 2,438,374 unique addresses that leverage the Uniswap trading protocol. It’s worth noting, however, that since a user can have more than one unique address, records could be considered overestimates. Further, the data from Dune Analytics’ “Defi Users Over Time” chart only captures a snapshot of Ethereum-based defi apps.

Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million

The defi lending application Compound holds around 326,723 addresses on Tuesday and the liquidity protocol 1inch has around 276,924 unique addresses. Behind Uniswap, Compound, and 1inch, are defi apps like Sushiswap, Balancer, and Kyber, respectively.

Total Value Locked Jumps $10B, Dex Volume Grows, Defi Tokens Gather Double-Digit Gains

While cryptocurrency markets saw some price recovery this week, defi crypto assets saw significant increases. Seven days ago, the total value locked (TVL) across a myriad of defi applications recorded by defipulse.com shows the TVL was around $55 billion. The TVL metric has since increased to the current $65 billion recorded on July 27.

Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million

Decentralized exchange (dex) statistics show that there was $2.33 billion in trade volume recorded on popular dex platforms over the last 24 hours. Seven-day data indicates $15 billion in global swaps were recorded, and Uniswap captured 64% of that volume.

These stats represent ETH-based dex platforms only. Uniswap’s volume trade volume is followed by Sushiswap (9.6%), Curve (7.8%), and 0x Native (5.5%). Defi tokens stemming from applications like Uniswap, Sushiswap, and Aave saw double-digit gains after BTC’s short squeeze on Sunday evening.

What do you think about the recent defi action over the last week? Let us know what you think about this subject in the comments section below.

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