# ETH's Blue Chips Level Up

*Author: Bankless*
*Published: Sep 12, 2024*
*Source: https://www.bankless.com/de/blue-chips-level-up*

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[![](https://bankless.ghost.io/content/images/2024/09/Frame-50572--4--1.png)](https://www.bankless.com/sponsor/cartesi-1713304933?ref=ethereums-blue-chip-lending-protocols-are-leveling-up&email=true)

  
ETH's Blue Chips Level Up
    
  

  
  Published on Sept 12, 2024

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  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
Coinbase's cbBTC
  

  

 

[![](https://bankless.ghost.io/content/images/2024/09/Group-14---2024-09-12T171456.365.png)](https://www.bankless.com/dashboard)- 🟠** Coinbase Launches cbBTC on Ethereum & Base.** The investment product [is backed 1:1 in BTC](https://www.bankless.com/coinbase-launches-cbbtc-ethereum-base) held by Coinbase.
- 🐂 **eToro Settles with SEC, Will Only Offer ETH, BTC & BCH Trading.** The crypto exchange has [also agreed to pay](https://www.bankless.com/etoro-settles-with-sec-will-only-offer-eth-btc-bch-trading) a $1.5 million fine.
- 👩‍⚖️ **Judge Says CFTC Can't Kill Election Event Contracts. **The CFTC's plan to regulate prediction markets like Polymarket [is running into trouble](https://www.bankless.com/judge-says-cftc-cant-kill-election-event-contracts) with the law.
[](https://www.bankless.com/uniswap-extension-browser)

.  .  .

 
  
    

    MARKET VIBES

  
  
Growing COIN Power
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Capitalizing on [WBTC's controversial Justin Sun deal](https://www.bankless.com/wbtc-gets-wrapped-in-controversy), Coinbase has introduced its wrapped bitcoin product cbBTC. Coinbase stock outpaced the NASDAQ, climbing 3.65% today. The product is already [garnering](https://x.com/hexonaut/status/1834297126215708764) industry support over heavyweight WBTC, but does bringing more DeFi power to a publicly traded behemoth present unacceptable centralization risks to the sector? 

Prices as of 6pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.04T
       

  
    
    ↗ 1.1%
    
  

   
    
    ↗ 3.6%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $57,823
       

  
    
    ↗ 0.9%
    
  

   
    
    ↗ 3.1%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $2,344
       

  
    
    ↗ 0.2%
    
  

   
    
    ↘ 0.8%
    
  

       ![](https://s2.coinmarketcap.com/static/img/coins/64x64/8916.png)
    

  **ICP**
   
          $8.48
       

  
    
    ↘ 2.4%
    
  

   
    
    ↗ 17.7%
    
  

  

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💻**New Token Rating: **ICP may be down 98% off all-time highs, but the $4B FDV project is having a great week. What catalyzed the pump, and can it awaken ICP from a years-long slumber?[Unlock ICP on Token Hub](https://www.bankless.com/tools/token-hub/internet-computer)

.  .  .

 
  
    

ANALYSIS

  
  
    
ETH's Blue Chip DeFi Protocols are Leveling Up
  
  
   
     
     Bankless Author: 
     
       [
       
       Jun](https://www.bankless.com/author/arjun)
     
    
 

[![](https://bankless.ghost.io/content/images/2024/09/image---2024-09-12T170406.835.png)](https://www.bankless.com/ethereums-blue-chip-lending-protocols-are-leveling-up)**The DeFi story is nothing short of remarkable.**

From its early days of experimentation and speculative frenzy, DeFi has now matured into a cornerstone of the crypto ecosystem.

At the heart of this revolution are the blue chip lending and borrowing protocols – the pioneers that kickstarted the DeFi summer. They've faced black swans, proven product-market fit, and solidified positioning in the ecosystem.

Now, they're poised for the next phase of their growth. We're witnessing these blue chips expand their offerings, diversify revenue streams, and build for the future while remaining committed to the DAO ethos and Ethereum's security.

In this piece, we’ll dive into the latest developments in the world of DeFi blue chips. We'll examine their strategies, innovations, and ambitions for the future. By understanding their vision, we can get a glimpse of the next wave of growth that's shaping our industry.👇

[Read More on Bankless.com](https://www.bankless.com/ethereums-blue-chip-lending-protocols-are-leveling-up)
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