Daily News 19

Tag: Total Value Locked

  • NEAR Hits New ‘All-Time High’ in TVL, But What About Its Price?

    NEAR Hits New ‘All-Time High’ in TVL, But What About Its Price?

    Key Highlights

    • NEAR Protocol surges over 10% in 48 hours, breaking the $3.2–$3.4 supply zone to print a new local swing high at $3.9 while trading above all key Exponential Moving Averages.
    • Network fundamentals hit record strength: Total Value Locked (TVL) reaches an all-time high of $242 million and protocol fees climb to $860,000 over the same period, per DefiLlama data.
    • NEAR satisfies all criteria for its anticipated milestone airdrop as of September 19, with TVL having crossed $70 million and price clearing $3.3, adding a fundamental catalyst to the technical breakout.

    NEAR Protocol Leads Crypto Market Rebound with Double-Digit Gains

    NEAR emerged as one of the cryptocurrency market’s biggest beneficiaries over the last 48 hours as the wider sector flashed green. The token recorded gains exceeding 10%, propelled by improving network activity that provided fundamental backing for the rally. This explosive bullish push cleared NEAR’s supply zone between $3.2 and $3.4 and printed a new local swing high at $3.9. With the token now trading above all key Exponential Moving Averages, market participants are assessing whether network bulls can sustain the momentum.

    On-Chain Fundamentals Underpin Price Surge

    Latest on-chain metrics reveal that fundamentals for NEAR Protocol have been robust over time. To be specific, the blockchain’s Total Value Locked set another record high of $242 million while network fees soared over the last 48 hours. This hike may be evidence that more capital is pouring into NEAR’s ecosystem. Additionally, NEAR protocol’s fees hit the $860,000-mark over the same period. Cumulatively, the hike in capital inflows into the network and fee generation may be a sign of growing activity across the ecosystem, according to data sourced from DefiLlama.

    Airdrop Milestone Adds Catalyst to Bullish Narrative

    Still, it is worth noting that 19th September marks the first day since NEAR ticked all the boxes for the anticipated milestone airdrop. The token’s TVL crossed the $70 million-mark two days ago while yesterday’s rally pushed the token’s price above $3.3. This convergence of technical breakout, record on-chain activity, and airdrop eligibility creates a multi-layered bullish case that distinguishes NEAR from peers relying solely on speculative momentum.

    Technical Outlook: Bulls Face Profit-Taking Test

    NEAR’s ability to maintain the prevailing momentum will depend on whether buyers continue to support the token after its 10% daily hike. A sustained rally alongside further growth in TVL and network fees would keep the bullish structure intact and could bring higher price levels into focus. Conversely, a rise in profit-taking could force NEAR to consolidate and retest nearby support. As it stands, the network’s long-term on-chain sentiments point to a potential bullish continuation. However, a short-term correction from the anticipated profit-taking cannot be ignored completely.

    Why This Matters

    The NEAR Protocol rally exemplifies a growing market trend where price action is increasingly tied to verifiable on-chain fundamentals rather than pure speculation. The simultaneous achievement of an all-time high in TVL ($242 million), a surge in protocol revenue ($860,000 in 48 hours), and the satisfaction of airdrop criteria signals genuine ecosystem adoption. For investors and developers, this suggests NEAR’s sharded proof-of-stake architecture is attracting meaningful capital and usage—critical for long-term viability in the competitive Layer-1 landscape. The upcoming days will test whether the protocol can convert speculative inflows into sticky liquidity, a key determinant of whether the $3.9 high becomes a launchpad or a local top.

    Frequently Asked Questions

    What triggered NEAR’s recent price surge above $3.9?
    The surge was driven by a combination of broad crypto market recovery, NEAR clearing a key $3.2–$3.4 supply zone, and strong on-chain fundamentals including record TVL of $242 million and $860,000 in protocol fees over 48 hours.
    Has NEAR qualified for its anticipated milestone airdrop?
    Yes, as of September 19, NEAR met all criteria for the milestone airdrop after TVL crossed $70 million and the token price surpassed $3.3.
    What are the key levels to watch for NEAR’s next move?
    Immediate resistance lies at the $3.9 local high, while support zones to watch on any pullback include the cleared supply area at $3.2–$3.4 and key Exponential Moving Averages now acting as dynamic support.
  • Solana Tokenized Stock TVL Surges to $87.4M Amid DeFi Boom

    Solana Tokenized Stock TVL Surges to $87.4M Amid DeFi Boom

    Solana DeFi Growth Accelerates as Tokenized Stock TVL Hits $87.4 Million

    Solana is making significant strides in the decentralized finance sector, with its total value locked (TVL) in tokenized stocks reaching $87.4 million, according to data highlighted by CryptoTwitter commentator @tokenterminal. This marks a substantial increase from previous levels and signals burgeoning interest in tokenized assets within Solana’s ecosystem.

    Solana Captures 35.2% of Tokenized Stock Market

    The surge reflects a broader DeFi trend where innovative financial products are attracting fresh capital. As of the latest data, Solana accounts for approximately 35.2% of the total TVL in tokenized stocks, underscoring its critical role in this segment.

    This growth is particularly noteworthy because the total value locked across all tokenized stocks in DeFi has skyrocketed by over 1,960% in the past year, reaching $247.8 million. The dominance of chains like Solana, Robinhood, and BNB Chain—which collectively hold 89.5% of this market—highlights the increasingly competitive landscape in decentralized finance.

    Why Solana’s Infrastructure Matters for Tokenized Assets

    Solana is a blockchain platform designed for decentralized applications, facilitating fast and low-cost transactions. Its architecture within the DeFi ecosystem is significant, as its infrastructure supports a variety of tokenized assets, positioning it as a key player in the evolving financial landscape. The ongoing growth in Solana’s stablecoin supply further cements its position as a critical player in emerging markets.

    Key Levels for Traders to Monitor

    Market participants should keep a close eye on Solana’s developments in the DeFi space, especially as it continues to attract significant capital into tokenized stocks. With TVL rising, analysts may look for potential resistance levels around $90 million as a significant benchmark.

    The growing interest in Solana’s ecosystem may also lead to increased volatility, making it essential for traders to monitor not only price movements but also broader market sentiment.

    Data referenced in this article is based on current market trends and on-chain metrics.

  • Hyperliquid Burns 32.77K HYPE as TVL Nears $7B: Can Bulls Recover?

    Hyperliquid Burns 32.77K HYPE as TVL Nears $7B: Can Bulls Recover?

    Hyperliquid Burns 32,770 HYPE Tokens Worth $2.65 Million as TVL Nears $7 Billion

    Hyperliquid’s native token $HYPE underwent another supply reduction this week as the protocol executed a buyback and burn of approximately 32,770 HYPE. The transaction carried a value of roughly $2.65 million at an average purchase price of $81.01 per token.

    According to on-chain data, this latest burn brings the cumulative lifetime burns to 48.57 million HYPE, representing an estimated $3.82 billion at current market valuation. The removed tokens account for approximately 4.86% of the total $HYPE supply. The mechanism permanently reduces the maximum circulating supply rather than temporarily locking tokens, converting protocol-generated revenue into deflationary pressure on an ongoing basis.

    While the burn mechanism continues to operate as designed, analysts note that supply reduction alone does not guarantee immediate price appreciation. Sustained revenue generation remains essential to maintain the scale and frequency of future buybacks.

    Rising TVL Strengthens Hyperliquid’s Burn Engine

    Underpinning the burn activity, Hyperliquid’s Total Value Locked (TVL) has climbed toward the $7 billion mark, up from a prior range near $6 billion. The acceleration began in September, pushing locked capital to near all-time highs.

    Daily protocol fees continue to reach several million dollars, with periodic spikes significantly exceeding baseline levels. This combination of elevated TVL and robust fee generation provides the economic foundation for recurring $HYPE purchases. However, the burn mechanism ultimately depends on durable platform usage rather than TVL growth in isolation. A sustained alignment of capital inflows and fee generation would enhance $HYPE’s long-term supply dynamics.

    Source: DefiLlama

    Derivatives Traders Show Tentative Return to Long Exposure

    On the derivatives front, positioning has shifted following volatile funding rate fluctuations throughout September. The $HYPE open interest-weighted funding rate briefly turned negative multiple times after September 8, but recovered into positive territory around 0.0012% by September 12, per CoinGlass data.

    The reversal suggests long positions have reclaimed a slight funding premium over shorts. However, current rates remain well below the higher positive levels recorded during late August sessions, indicating renewed long exposure has not yet returned to similarly aggressive levels.

    A sustained positive funding rate could support the demand outlook provided leverage remains controlled. Conversely, another move below zero would signal renewed short-side pressure.

    Source: CoinGlass

    $HYPE Price Action Tests Critical $78.50 Support After Channel Breakdown

    Price action presents the clearest near-term risk after $HYPE failed at the $88.14 resistance zone. The rejection pushed price beneath its rising channel before finding temporary stability around the $78.65 area.

    The $78.50 level has emerged as immediate structural support that will determine whether the breakdown deepens. A confirmed break below this threshold could validate a Change of Character (CHoCH) in price direction, signaling a structural shift to bearish momentum.

    Technical indicators align with the weakening structure:

    • MACD registered a bearish crossover accompanied by a negative histogram
    • RSI cooled to 50.69 after previously reaching overbought territory during the recent advance

    The RSI remains in neutral territory rather than oversold conditions, confirming the deteriorating technical structure without yet signaling capitulation. Successfully defending $78.50 could support stabilization and reopen a recovery attempt toward the $88.14 supply zone. However, losing the key support would reinforce the bearish structural shift and expose the $70 support region.

    Source: TradingView

    Key Takeaways

    • Hyperliquid’s recurring burns continue reducing $HYPE supply as TVL approaches $7 billion
    • $HYPE must defend $78.50 to avoid confirming a bearish Change of Character
  • Solana’s Hylo Launches Innovative Leverage System for All

    Solana’s Hylo Launches Innovative Leverage System for All

    Hylo’s innovative leverage model on Solana has reached $100 million in total value locked (TVL) just four months after launch, drawing significant attention across the crypto market. The system allows investors to manage leveraged positions without traditional margin calls or liquidations.

    How Hylo’s Solana Leverage Model Works

    Hylo’s leverage system is designed to give a broader range of investors access to sophisticated trading strategies. Users can adjust their leverage dynamically as market conditions change, while automatic rebalancing is intended to help positions withstand market corrections.

    The model could change how retail investors participate in crypto markets, particularly during periods of heightened volatility. With market signals remaining mixed, Hylo offers traders a tool for managing exposure while seeking to preserve their positions.

    Key Takeaways

    • Hylo’s leverage model reached $100 million in TVL within four months.
    • The system is designed to eliminate traditional margin calls and liquidations.
    • Automatic rebalancing may help users manage positions during market corrections.
    • Hylo aims to make leveraged trading more accessible beyond professional investors.
    • The project reflects a broader push to democratize financial tools in crypto.

    Why Solana Matters

    Solana’s high throughput and low transaction costs make it a popular platform for decentralized applications and decentralized finance (DeFi) products. Hylo’s leverage model is aligned with those capabilities, supporting rapid execution and more advanced trading strategies.

    Solana’s account recently highlighted the development on social media, suggesting that Hylo could help broaden access to leverage in the crypto market. The model also positions Solana to benefit from continued interest in innovative DeFi products.

    What Traders Should Watch

    Market participants will be watching Hylo’s effect on Solana trading volume, liquidity and overall market sentiment. Wider adoption could increase activity on the platform and potentially contribute to larger price movements.

    The model’s performance may also influence other projects across the Solana ecosystem and the wider crypto industry, particularly as developers explore new approaches to leverage and risk management.

    The information provided is for educational purposes and should not be considered financial advice.

    Source: cryptonews.net

  • Jito (JTO) Price Falls Despite $24M Spot Buying – Bears at Risk

    Jito (JTO) Price Falls Despite $24M Spot Buying – Bears at Risk

    Jito’s native token JTO is showing a notable divergence between its price action and spot market behavior, according to data from CoinGlass. While the token has declined approximately 9.69% this week, spot market data reveals consistent accumulation over the past four days, suggesting investors are treating the pullback as a buying opportunity.

    Spot Accumulation Amid Price Decline

    The spot market has recorded net inflows of $2.02 million across exchanges over the four-day period, with total buy volume reaching roughly $24.72 million. This persistent accumulation, where outflows (accumulation) exceed inflows (distribution), typically signals a bullish near-term outlook as market participants anticipate future outperformance.

    The single largest accumulation day occurred on August 25, accounting for the majority of the netflow. Notably, JTO’s price dropped 15.13% between the high and low of that day’s candle, per TradingView data. The combination of heavy buying during a sharp intraday decline indicates that investors may view the lower prices as an attractive entry point.

    On-Chain Capital Expansion

    On-chain metrics reinforce the accumulation narrative. Total Value Locked (TVL) across the Jito protocol has surged by $243.81 million since August 19, bringing the total to approximately $1.017 billion, according to DeFiLlama. TVL measures capital deposited to earn yield and is widely regarded as a gauge of confidence in a protocol’s long-term prospects.

    Protocol revenue has also climbed, with daily fees hitting roughly $504,000 — the highest level since May 11. This concurrent rise in TVL and fee generation suggests that capital commitments are being matched by genuine increases in protocol activity.

    Funding Rate Signals Growing Short Positions

    Despite the bullish spot and on-chain signals, derivatives data warrants caution. CoinGlass reports that the funding rate has fallen from 0.0143% to 0.0060%, indicating a growing dominance of short positions in the perpetual futures market. If this trend continues and the funding rate flips negative, it could exert additional downside pressure on JTO in the near term.

    For now, the market remains in a clear accumulation phase, with spot buyers absorbing supply even as leveraged traders build bearish bets.

    Key Takeaways

    • Spot investors purchased roughly $24.72 million worth of JTO over four days, driving a netflow of $2.02 million.
    • TVL has grown $243.81 million to $1.017 billion, accompanied by a multi-month high in protocol fees.
    • Funding rate decline signals rising short interest, presenting a potential headwind if the trend accelerates.

    Sources: CoinGlass, DeFiLlama, TradingView