Here’s what happened in crypto today

Apr 22, 202415:47 GMT+3

Trouble Brewing at EigenLayer? 🧨

EigenLayer, the largest restaking protocol on Ethereum by total value locked (TVL), might be facing a "major" yield crisis. According to industry watchers, the protocol's rapid growth in TVL could mean it's outgrowing its Actively Validated Services (AVS). Chudnov, a pseudonymous builder at 3Jane derivatives exchange, posted on X that EigenLayer's >$15B TVL might not match the security needs, suggesting a significant yield drop ahead. 📉

Bitcoin Fees Crash After Record High 💸

Bitcoin transaction fees dropped dramatically after hitting a record daily average of $128 on April 20, the day of the fourth Bitcoin halving. By April 21, fees had fallen to an average of $8-10 for medium-priority transactions, per mempool.space. The previous day saw Bitcoin fees reach $78.3 million, dwarfing Ethereum's fees by over 24 times. The halving block at block height 840,000 paid out a massive 37.7 Bitcoin ($2.4 million), making it one of the most expensive pieces of digital real estate in Bitcoin's 15-year history. 🏦

New Telegram Mini-Apps to Boost Crypto Adoption 🚀

An executive from the TON Foundation, Justin Hyun, revealed to Cointelegraph that new mini-apps on Telegram will likely drive broader crypto adoption. This comes after the launch of Tether's USDT stablecoin on the Telegram Web3 ecosystem. The addition of USDT "unlocks the creator economy," allowing users to avoid acquiring different cryptos or tokens. Hyun noted that engaging social viral mechanics through these mini-apps could pave the way for wider adoption. 📱

Stay tuned for more updates! And remember, this article doesn't contain investment advice or recommendations. Do your own research when making investment decisions. ✨#MarketSentimentToday #bitcoinhalving #BullorBear #Memecoins #DailyNews $BTC $ETH $BNB