Avalanche Foundation Embraces Meme Coin Culture
Meme coins have often been regarded with skepticism by blockchain enthusiasts. However, their growing popularity and market influence are undeniable. The Avalanche Foundation’s recent decision to invest in meme coins marks a significant shift, acknowledging the unique appeal and potential of these tokens in the broader crypto ecosystem. The Avalanche Foundation, known for its support […]
Blast’s Airdrop Anticipation Drives $1.1 Billion Deposits
Blast, an Ethereum layer-2 scaling network and brainchild of the Blur NFT marketplace creator, amasses over $1.1 billion in user deposits. This influx, driven by the allure of earning yields and points towards an upcoming token airdrop, positions Blast as the 23rd largest protocol by total value locked, according to DeFiLlama. With over 86,000 participants, […]
PancakeSwap’s Bold Move: Trimming CAKE Supply for Future Growth
PancakeSwap, a leading decentralized exchange (DEX), has put forward a groundbreaking proposal to its community. The proposition involves a substantial reduction in the total supply of its native token, CAKE, from 750 million to 450 million. This decision, set to be finalized by January 2024, reflects PancakeSwap’s commitment to fostering a sustainable and growth-oriented environment. […]
Exploring 2023’s Defi Trends: A Transformative Year for DeFi
2023 was a pivotal year for decentralized finance (defi), showcasing significant strides and challenges. This year witnessed an impressive evolution in defi, from the rise of layer-2 solutions to the integration of traditional finance and innovations in web3 gaming. Let’s delve into the key trends that shaped defi in 2023 and their implications for the […]
Ethereum Layer-2’s Rising Star: zkSync Outperforms Mainnet in Transactions
Ethereum’s layer-2 scaling solution, zkSync, has eclipsed Ethereum’s mainnet in monthly transactions for the first time, showcasing the shifting dynamics within the blockchain ecosystem. Data from L2beat reveals that zkSync processed a remarkable 34.7 million transactions in the past 30 days, narrowly outpacing Ethereum’s 34.2 million, and establishing itself as a formidable force in the […]
Monex Group Acquiring 3iQ to Bolster Global Crypto Asset Management
Monex Group, a prominent Japan-based brokerage and asset management firm, has announced its plan to acquire a majority stake in Canada-based 3iQ Digital Holdings, signaling a significant expansion in the global cryptocurrency asset management sector. The acquisition, announced on December 28, underscores Monex Group’s strategic move to strengthen its position in the burgeoning crypto asset […]
MicroStrategy’s Bold Bitcoin Strategy – A 500% Boost in 2023
MicroStrategy has firmly established itself as a trailblazer. The year 2023 witnessed the company making a bold statement in the Bitcoin market, acquiring a staggering 14,620 BTC. This move was not just a mere addition to its already hefty Bitcoin treasury but a resounding declaration of its unwavering faith in Bitcoin’s potential as a digital […]
Xai Gaming Token Airdrop: A Brief Delay but Big Expectations
Xai, a pioneering gaming-centric “layer-3” scaling network developed on Arbitrum, is drawing attention with its planned XAI token airdrop. Originally scheduled to grace the community this holiday season, the airdrop has been pushed to next week due to unforeseen circumstances, specifically health challenges faced by a key team member. This unexpected twist adds to the […]
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