.nansen_ai data suggests that highly active traders have been filling up on Rocket Pool’s rETH in the last 24 hours.
that Lido “might be on track to control over 50% of all staked ether,” which for some is a good reason to raise alarm bells given the risk of centralization. With rETH entering smart money addresses, the competition in the fast-growing liquid staking market is rising.
Over the same 24-hour period, roughly $5.9 million worth of ENS has left smart money wallets, the biggest outflow among tokens tracked by Nansen. Outflows are considered a bearish signal. Since 10 a.m. UTC Tuesday, ENS prices have dropped 11.89% using data from CoinGecko.. Token holders are encouraged to use ENS and participate in the community by choosing a representative to control their votes or by using their ENS to vote directly on a given proposal.
Yuga Labs’ Otherdeed for Otherside continues to dominate the non-fungible token ecosystem. It led all other NFT collections for the second consecutive day as the most actively traded collection in the last 24 hours. Coming in second is Mutant Ape Yacht Club, followed by Bored Ape Yacht Club, two projects also created by Yuga Labs.
Given the historic highs for gas fees across the Ethereum network due to the high demand for the Otherside “virtual land sale,” Yuga Labs indicated in a
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