Cryptos Rise Above $1 Trillion – Trustnodes

The market cap of all cryptocurrencies has once again risen above $1 trillion for the first time in a month.

Following a low of $855 billion, cryptos have now risen to $1,032 billion, still significantly lower than the $3 trillion reached at the peak.

Eth leads currently, up another 5% today while bitcoin remains somewhat stable over the past 24 hours.

Eth has now gained 45% in the past week, but Polygon is up 60% as a number of second layers announce announcements to be made this week.

Interestingly Polygon is close to reaching top ten, currently in 12th position and is just about to surpass Polkadot, an eth competitor.

Polygon announced they will introduce zk tech for their second layer scaling, a game-changer of sorts for this widely used sidechain.

Yet its gains are insignificant compared to Lido. This is up 170% in the past seven days, reaching a marketcap of half a billion, after stETH survived a stress test of its ‘peg’ to eth.

They’re still far below the all time high of $1.12 billion in marketcap, but now they’re expanding their stETH to L2s.

A number of defi tokens have also seen gains, though less than eth at around 30% for Uniswap and Balancer.

So eth is the show, with the question of course being for how long as stocks go green too, and gas goes down again.