DeFi market News

Ethena Labs’ synthetic dollar has surged to a $2 billion market cap less than two months after the protocol released its product on Ethereum’s public mainnet. 

Bitcoin has seen a significant increase, with prices hitting $67,000 before the halving next month.

The global crypto market capitalization rebounded above the $1.6 trillion milestone on Feb. 2 as the latest non-farm payrolls figures cast doubt on U.S. Fed Chief, Jerome Powell’s recent comments.

PORK, a pink Pepe-The-Frog-themed memecoin spin-off of PEPE, surged over 450% in less than two days.

The crypto market witnessed a day of mixed fortunes as the global market cap climbed back to $1.7 trillion, signaling a stabilization after a 3% drop yesterday. 

NADA Protocol, a Hedera-based reward-type token, topped CoinGecko’s top trending chart with 69.2% gains in the last 24 hours, currently at $0.04886.

Decentralized exchange PancakeSwap has seen a significant price surge over the past day following the launch of a new feature on the platform.

Crypto analyst and YouTuber Vance says several altcoins are currently trading in prime "buy zones" and could see significant gains in the near future.

At its current price of about $32,470, 2020 saw bitcoin march to all-time highs and a gain of around 300%. However, Bitcoin is not the only crypto project doing well. Today, the total value locked in the decentralized finance (DeFi)…