Helium (HNT) and TRON (TRX) have been cited by market analysts as potential top gainers for 2023 and beyond while Orbeon Protocol (ORBN) continues to see massive price gains in presale.Orbeon Protocol (ORBN) is in phase 3 of its presale, which is expected to end with returns of as much as 6000% at the beginning of the year.>>BUY ORBEON TOKENS HERE >BUY ORBEON TOKENS HERE 24-hour performance Smart Contract Platform Tokens See Double-Digit Gains, Boosting Defi TVL Above $40 Billion Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022.The top smart contract platform coins by market capitalization increased 7.1% on January 9, 2023, and most have seen double-digit gains over the last week.Lido Finance Emerges as Most Dominant Defi Protocol, Surpassing Makerdao in TVL Size Cryptocurrency markets have been positive at the start of the second week of 2023, as the entire crypto economy has increased 3.6% to $893 billion on Monday around 11:00 a.m.
(ET).Smart contract platform tokens have seen a 7.1% rise to $274 billion, which equates to roughly 30.68% of the entire crypto economy.Out of the top five smart contract platform coins, Solana (SOL) saw the biggest gain, rising 24.2% in 24 hours.Cardano (ADA) followed, with ADA increasing by 11.7% over the last day.Ethereum (ETH) is up 5.1%, BNB 5.5%, and polygon (MATIC) swelled by 6.7% in 24 hours.
Additionally, all five of the top smart contract assets have seen double-digit spikes over the last seven days.Again, SOL led the pack, jumping 72.3% higher this past week, and ADA increased by 28.8% during the same time frame.Ethereum (ETH) saw the lowest increase over the last seven days compared to the top competitors, as the cryptocurrency is up 11.5% this week.Of course, the increase in the price of smart contract platform tokens has led to a swelling of the total value locked (TVL) in defi as well.Since mid-December 2022, the TVL in defi was below the $40 billion range, but on January 9, 2023, it managed to climb back above that to roughly $41.1 billion on Monday.While Makerdao was the most dominant defi protocol, Lido Finance is now the most dominant with 15.92% of the TVL in defi.
Lido has a TVL of around $6.54 billion, while Makerdao follows behind with $6.44 billion.Lido and Makerdao are followed by Aave, Curve, and Uniswap, respectively, in terms of TVL size.Ethereum is still the most dominant in defi today, in terms of TVL size, as the chain’s $24.61 billion represents 59.88% of the total $41.1 billion locked.Binance Smart Chain has the second largest TVL with $4.41 billion, Tron comes in third with $4.13 billion, Polygon takes the fourth position with $1.05 billion, and the fifth largest in defi today, as far as blockchains are concerned, is Arbitrum with $1.03 billion.Over the last day, the TVL in defi jumped 2.99% higher, but the TVL has a long way to go to reach the $178.55 billion high reached in November 2021.Tags in this story 24-hour performance, Aave, Arbitrum, Binance Smart Chain, blockchain rankings, blockchains, bnb, Cardano, crypto economy, crypto market trends, Cryptocurrency, Curve, decentralized finance, DeFi, DeFi protocol competition, Dominance, Double-Digit Gains, Ethereum, Ethereum Dominance, Lido Finance, makerdao, Market Capitalization, market rally, Polygon, Price Increase, smart contract asset performance, Smart Contract Platforms, Solana, Tokens, total value locked, tron, TVL growth, TVL size, uniswap, weekly performance What are your thoughts on the state of decentralized finance and smart contract assets as we start the second week of the new year? Share your thoughts on this topic in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.
He has a passion for Bitcoin, open-source code, and decentralized applications.
Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons Cryptocurrency exchange Binance has become a member of an organization providing training for sanctions compliance.With the move, part of efforts to improve its capabilities in this field, the largest trading platform for digital assets joins a club of multinational corporations and financial institutions.
Crypto Exchange Binance Seeks Additional Sanctions Training for Its Compliance Team Binance, the leading cryptocurrency exchange in terms of daily trading volume, has joined the Association of Certified Sanctions Specialists (ACSS) which works to improve the qualification of sanctions compliance professionals employed by global companies.“We will be leveraging the training materials, comprehensive databases, and deep networks within ACSS to further enhance the skills and expertise of our team,” Binance said in an announcement.It also pointed out that it’s the first crypto exchange among the members of ACSS, which was established in 2018.As part of the certification process, all compliance specialists on Binance’s sanctions team as well as the money laundering reporting, compliance operations, and special investigations leads will be required to undergo training with the ACSS, the company explained.
The exchange expects the training to equip its sanctions team with the latest guidelines issued by the U.S.Treasury Department’s Office of Foreign Assets Control (OFAC) on how to develop compliance programs and ensure that its experts understand the risks of violations in various jurisdictions.“The blockchain industry is still in its early years, and it’s our priority to continue upholding the highest level of compliance amid a fast-evolving space,” commented Chagri Poyraz, Binance’s global head of sanctions.He emphasized that the company wants to continue to be among those that set the standard for security and compliance in the industry.
“ACSS, as an organization specializing in providing sanctions training for multinational corporations and financial institutions, will ensure the highest quality of training to the team at Binance in this dynamic sector and help advance compliance in the crypto industry,” added the association’s Executive Director Saskia Rietbroek.Binance Maintains Focus on Regulatory Compliance In the past couple of years, Binance has been focusing on efforts to improve regulatory compliance and in 2022 increased its compliance team to 750 members.The exchange has been licensed, registered or obtained approvals to operate in 14 different jurisdictions, including France, Spain, Bahrain, Dubai, and Australia, the exchange detailed.Binance has been also engaged in joint initiatives with national authorities in new markets.In December, it offered to support Azerbaijan in attempts to introduce regulations for digital assets and launched a blockchain education program in Kazakhstan after offering advice on crypto regulations to its government, too.The collapse of FTX, a major competitor of Binance which filed for bankruptcy protection in Nov.
2022, led to increased regulatory scrutiny over the crypto industry around the world.Earlier last year, Binance complied with EU sanctions imposed on Russia following the invasion of Ukraine by limiting services for Russian residents and entities.Tags in this story ACSS, association, Binance, Compliance, Crypto, crypto exchange, Cryptocurrencies, Cryptocurrency, Exchange, Organization, Regulation, Regulations, Sanctions, sanctions specialists, trading platform, training What do you think about Binance joining the Association of Certified Sanctions Specialists? Share your thoughts on the subject in the comments section below.Lubomir Tassev Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.Image Credits: Shutterstock, Pixabay, Wiki Commons, NTON ZUBCHEVSKYI / Shutterstock.com Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.After weeks of stagnancy and falling to new lows, the crypto market has been in a bullish trend in the past few days.Alongside it is Cardano (ADA) following suit in the same direction of the upward movement.ADA has spiked by over 15% in the last 24 hours, following the coin’s recent cheerful news, including the DeFi TVL tapping a two-month high and the co-founder Charles Hokingson announcing an upcoming launch of a hospital that will accept ADA as a payment method in February.Cardano (ADA) Rally In The Past Weeks The ending of last year brought some not-so-confident positivity to ADA traders; the coin was bleeding red regardless of the positive news.
However, over the past few weeks, Cardano has been printing a bullish trend, and looking at the chart, there was evidence of some accumulation of liquidity.Even market analytics platform Santiment reported at the end of December that ADA was undervalued, given the indicated whale accumulation and bear exhaustion.
Sentiment noted sharks and whales hold 100,000 to 10 million ADA and are still actively accumulating.ADA began the year with a trading price of about $0.24, and following its rally to the upside a few days ago, ADA climbed above $0.3 by last week Monday, spiked to $0.34, and currently trades at $0.3283.The weekend was warming up the process of the nearly 20% spike, which happened today.Yesterday saw ADA taking all the liquidity on the upside and climbing over every higher high.
Though it’s hard to say for sure if this rally is the road heading to a bull run, the chart indicates a retracement sooner or later.The Crypto Market Bullish Trend Overview ADA hasn’t been the only altcoins printing bullish trends.The largest coins by market cap, including Ethereum, Solana, and Binance coin BNB, have so far been seeing an uptrend.The top coin, Bitcoin, has made some significant movement breaking free from the $16,000 zone and currently trading above the $17,000 region.
ADA and Solana (SOL) still happen to emerge as the highest gainers among top cryptocurrencies by market cap.SOL went from the $10 – $13 zone and skyrocketed by 13%, with a current market price of $16.3 at the time of writing.With the Shanghai update somewhere around the corner, Ethereum (ETH) was not left out in the bullish trend.ETH climbed above $1,300 after the prolonged stagnation in the $1,200 region.ETH increased by 4% in the last 24 hours, with a current trading price of $1,316 at the time of writing.Bitcoin gained a few hundred dollars in its value.Given its larger market cap, its upward movement in the last 24 hours is only about 1.81%, while in the previous 7 days, it was up by 3.8%.BNB, after surviving weeks of FUD and bears at the end of last year, is up by 6.8% in the last 24 hours with a current market price of $279.
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