Balancer’s recent weekly report showed a sharp decline in its TVL. BAL token exhibits volatility but stays above the neutral line. Balancer’s [BAL] Total Value Locked (TVL) has decreased, according to a weekly scorecard. Although the protocol has taken a hit, the Decentralized Finance industry has also been affected by the recent crypto market downturn. As […]
Balancer’s [BAL] Price PredictionA recent dramatic drop in the TVL stood out from the normal decline. This sudden drop was not due to the market’s movement, according to Balancer’sInstead, a recent protocol change by DefiLlama to no longer include the V1 TVL of Balancer is blamed for the drop. Hence, the protocol’s TVL computation has been impacted by removing the V1 from the calculations.
On 15 February, it recorded its most significant gain of the year so far, gaining 12.43%, which led to a rise in the volume metric.Balancer was still in a bull trend despite the price decline that was witnessed throughout the examined trading period. The Relative Strength Index line, over 57, denoted a respectable bull trend. Also, the price movement was above the short and long Moving Averages .The volume measure similarly echoed the price chart’s apparent rise.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elrond TVL increases considerably, but what’s the reason behind the hike?MultiversX’s TVL has been on a rally since the year began. After the name change and rebranding in November 2022, the chain has seen increased user activity. Formerly referred to as Elrond, MultiversX, the metaverse-focused project, has seen a surge in its Total Value Locked (TVL) since the start of the year. According to data […]
Read more »
Will Cosmos’ Mars protocol hype sustain in the long run? Data suggests…New protocol on Osmosis drives adoption. However, Cosmos Hub’s condition continues to decline, impacting the state of ATOM. After the launch of the Mars protocol on Osmosis, the adoption, and usage of the Mars protocol has increased. However, one of the reasons for the same was the rewards program that was playing an important role. […]
Read more »
Understanding Polygon’s midway stagnation as Optimism and Arbitrum…Polygon’s ecosystem grew, but its TVL could not compete with other L2 solutions. MATIC showed bearish signs despite rising prices. Even though Polygon [MATIC] has been seeing growth in the DeFi space, other L2 solutions such as Arbitrum and Optimism [OP] have out-competed it in terms of TVL. However, this could change with the increasing […]
Read more »