Ethereum

Patrick

DappRadar

DeFi

AssangeDAO

<p data-ct-non-breakable="true">Welcome to Finance Redefined, your weekly dose of essential <a href="https://cointelegraph.com/learn/defi-a-comprehensive-guide-to-decentralized-finance" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> insights — a newsletter crafted to bring you the most significant developments from the past week.</p>
<p>The surge in DeFi in recent months saw decentralized application (DApp) activity increase by 77% in the fourth quarter of 2023, with a total daily active user wallet count of seven million.</p>
<p>The European Commission is evaluating the DeFi industry and could require protocols to obtain a license in the near future.</p>
<p>According to analysts from investment manager VanEck, Ethereum layer-2 scaling networks could hit a $1 trillion market capitalization in the next six years.</p>
<p>The top 100 DeFi tokens had a bearish week, with most tokens trading in red on the weekly charts, while the total value locked in DeFi protocols remained below $100 billion.</p>
<h2 data-ct-non-breakable="true" id="average-daily-active-unique-wallets-reach-seven-million-dappradar">Average daily active unique wallets reach seven million — DappRadar</h2>
<p data-ct-non-breakable="true">The latest report from DappRadar highlights several bullish indicators in the DApp and Web3 sectors for the first quarter of 2024.</p>
<p>DApps saw a quarter-over-quarter usage increase of 77%, with a total daily active user wallet count of seven million. This shows an increase of approximately 40% since February 2024, indicating the highest adoption rates since 2022.</p>
<p data-ct-non-breakable="true"><a href="https://cointelegraph.com/news/nft-web3-average-daily-active-unique-wallets-reach-7-m-dapp-radar" rel="noopener noreferrer nofollow"><strong>Continue reading</strong></a></p>
<h2 data-ct-non-breakable="true" id="upcoming-defi-rules-in-europe-could-ban-non-decentralized-protocols">Upcoming DeFi rules in Europe could ban non-decentralized protocols</h2>
<p data-ct-non-breakable="true">Decentralized finance protocols in Europe could soon fall under new regulations as the European Commission evaluates the space.</p>
<p>According to the Markets in Crypto-Assets Regulation (MiCA) — the regulatory framework that will govern digital assets within the region — the European Commission is required to prepare a report by Dec. 30 evaluating the decentralized finance market and the feasibility of specific regulations for the sector.</p>
<p data-ct-non-breakable="true"><a href="https://cointelegraph.com/news/upcoming-defi-rules-europe-could-ban-non-decentralized-protocols" rel="noopener noreferrer nofollow"><strong>Continue reading</strong></a></p>
<h2 data-ct-non-breakable="true" id="ethereum-layer-2s-to-hit-1-trillion-market-cap-by-2030-vaneck">Ethereum layer 2s to hit $1 trillion market cap by 2030 — VanEck</h2>
<p data-ct-non-breakable="true">Ethereum’s layer-2 scaling networks will hit a $1 trillion market capitalization in the next six years. According to analysts from investment manager VanEck, they will comprise thousands of use case-specific chains.</p>
<p>Layer-2 blockchains are set to capitalize on Ethereum’s “primary challenge” — its “limited capacity to process, store, and compute data,” VanEck’s senior digital assets investment analyst Patrick Bush and digital assets research head Matthew Sigel said in an April 3 report.</p>
<p data-ct-non-breakable="true"><a href="https://cointelegraph.com/news/ethereum-layer-2-one-trillion-market-cap-2030-van-eck" rel="noopener noreferrer nofollow"><strong>Continue reading</strong></a></p>
<h2 data-ct-non-breakable="true" id="assangedao-s-crypto-activities-suspicious-analysts-urge-caution">AssangeDAO’s crypto activities suspicious, analysts urge caution</h2>
<p data-ct-non-breakable="true">Analysts at SlowMist raised concerns about a possible “soft rug pull” on March 10 when a 100 Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>) transaction from an AssangeDAO address went to a recipient seemingly associated with the decentralized autonomous organization (DAO).</p>
<p>The blockchain forensics firm emphasized that while the true intentions of AssangeDAO are unclear, investors should proceed with caution and conduct comprehensive due diligence before interacting with the organization.</p>
<p data-ct-non-breakable="true"><a href="https://cointelegraph.com/news/assange-dao-crypto-activities-suspicious-caution" rel="noopener noreferrer nofollow"><strong>Continue reading</strong></a></p>
<h2 data-ct-non-breakable="true" id="defi-market-overview">DeFi market overview</h2>
<p data-ct-non-breakable="true">Data from <a href="https://pro.cointelegraph.com/users/sign_in?" rel="noopener noreferrer nofollow">Cointelegraph Markets Pro</a> and TradingView shows that DeFi’s top 100 tokens by market capitalization had a bearish week, with most trading in the red on the weekly charts. The total value locked in DeFi protocols remained below $100 billion.</p>
<figure data-ct-non-breakable="true"><img src="https://s3.cointelegraph.com/uploads/2024-04/4aeef33d-27e3-46f2-9b6b-d92849016708.png" alt="" title="">
</figure>
<p data-ct-non-breakable="true">Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.</p>

DeFi booms as daily active wallets hit 7M, VanEck bullish on Ethereum L2s: Finance Redefined

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