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DeFi and Credit Risk


  • For the first time in two months, Ethereum traded above the $2,000 mark.
  • Solana and Polygon are two more high achievers in the recent 24 hours.
  • Tornado Cash's TORN has lost more than half of its value in just seven days.

With the merger all but completed on September 15, investors are taking a closer look at the digital asset.

According to Coingecko statistics, Ethereum has increased by up to 79% in the previous 30 days and by more than 15% in the last seven days.

Several market analysts, like BitMEX creator Arthur Hayes, believe the merger will help boost the asset beyond $5,000.

There is also significant speculation about ETH swapping Bitcoin if the asset can trade as high as $3,750.

Meanwhile, the merger has received strong backing from Ethereum ecosystem players like as Tether, Chainlink, and Circle, who have already said that they would exclusively accept ETH2.

The cryptocurrency market is on the rise.

ETH is not the only cryptocurrency whose value has increased in the last 24 hours. In fact, the value of almost 70% of tokens in the top 20 cryptocurrencies by market cap increased throughout the time.

With a 2% rise, Bitcoin strengthened its break above the $24,000 mark and is currently up 20.8% in the previous 30 days.

Solana and Polygon, on the other hand, have seen significant gains in the previous 24 hours.

SOL increased 9.1% in the previous 24 hours to $47.38. This is surprising given the Solana network's problems and the recent wallet breach that resulted in the loss of millions.

Furthermore, MATIC's value surpassed $1 following an 8.4% increase in 24 hours. With a 135% growth in the previous 60 days, the token has been one of the greatest performers in the last 60 days.

In the previous 24 hours, the cryptocurrency market has gained 0.5%.

Tornado Cash Decreases by 50% in 7 Days

Tornado Cash's token TORN has dropped by more than 50% in the previous seven days to $12.77.

Tornado Cash has been in the news this week after being added to the US Treasury Department's sanctioned list.

The crypto mixer took another hit as its developer was detained by Dutch police.

According to available statistics, less than $6 million has been placed into the mixer since the penalty was implemented.