The top 10 #blockchains with the highest TVL in 2023 #Ether | JoshFat on Binance Square

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The top 10 #blockchains with the highest TVL in 2023#Ethereum $53.45B
#Tron $5.64B
#BSC $3.79B
#Arbitrum $2.45B
#Polygon $1.21B
#Optimism $1.04B
#Avalanche    $832.45M
#Solana $644.35M
#Mixin $449.59M
#Cronos $337.21M
Which #Cryptocurrencies will surpass $ETH In terms of TVL?

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The next level in the crypto market. But note that this is more of a correction than a bull 🐂 run.

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In May, the crypto market rebounded, with several tokens experiencing notable increases. Uniswap (UNI) led the way with a 53.59% increase, followed by Chainlink (LINK) with a 39.69% rise, and Chiliz (CHZ) which climbed 38.44%. This positive trend was driven by a broader market rally, particularly influenced by Bitcoin's performance.

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Ethereum ETFs Approved As Market Volatility Peaks In the past week, The U.S. Securities and Exchange Commission (SEC) has approved eight spot ETFs for Ether (the native coin of the Ethereum network). This marks a milestone for Ether, not just because it is the second ever cryptocurrency to receive this treatment, following Bitcoin’s approval, but more importantly because it enables more traditional investors to gain exposure to the asset. The approval also coincided with a notable increase in Ether’s price, edging closer to $4,000, whilst the broader market showed mixed reactions, with Bitcoin experiencing slight dips but maintaining a strong position around $68,000. Just like other ETFs (Exchange Traded Funds), this is a financial instrument that will track the price of Ether and is traded on traditional stock exchanges. The benefit of this approach is that it can allow investors to gain exposure to Ether without directly purchasing the cryptocurrency itself, as well as being closely regulated and familiar to those that prefer more traditional approaches to investing. Looking at the bigger picture, the approval of the Ethereum ETFs is predicted by some analysts to have several key impacts: Increased Institutional Investment: ETFs provide a gateway for institutional investors who are hesitant to invest directly in cryptocurrencies due to regulatory and security concerns. Market Volatility: The announcement of the ETF approvals has already appeared to make some impact on Ether’s volatility, with Ether inching closer to the $4,000 mark. Once the ETFs begin trading, it can be expected that Ether will see volatility similar to that of Bitcoin when its ETFs were launched. Liquidity: ETFs generally improve market liquidity and this increased liquidity can lead to better market efficiency. Whilst it’s still to be seen how the market reacts when the ETFs go live, what is certain is that this is another step closer to adoption of cryptocurrencies more widely.

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