Ethereum has crossed the $3,500 mark, trading at $3,507.63 with a daily increase of 2.56%. This rise follows a strong market momentum and indicates growing investor interest in the cryptocurrency.
- Total Value Locked (TVL): A metric that measures the total capital held within a decentralized finance (DeFi) protocol.
- Decentralized Finance (DeFi): A sector of the cryptocurrency industry that aims to recreate traditional financial systems and services in a decentralized manner using blockchain technology.
- Exchange-Traded Fund (ETF): A type of investment fund and exchange-traded product that holds assets such as stocks, commodities, or cryptocurrencies and trades on stock exchanges.