reporter Posted on: February 12, 2024 Solana’s TVL breaks one-month record. SOL continued its upward trend above $100. Important indicators for Solana (SOL) have been trending upward over the past few weeks, reaching levels not observed in over a year. In light of this growth, how has SOL performed recently? Solana confirms historic TVL rise AMBCrypto’s analysis of Solana’s Total Value Locked (TVL) shows that it has recently surged to new highs. According to data from DefiLlama, TVL began its rise around January 23, starting at around $1.2 billion. Since then, TVL has increased by approximately $500 million, reaching approximately…
Author: Crypto Flexs
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What is SUI? Sui (pronounced “Swee”) is distributed layer 1. Proof of Stake Blockchain, like Bitcoin and Ethereum, is meant to serve as the underlying infrastructure for verifying and processing transactions. layer 1 blockchain It is a backbone that supports a specific token or a network of various tokens. Sui was developed by: Miss Teen Lab, a group of former Meta employees. It is designed to limit the time it takes to run. smart contract Supports scalability for decentralized applications (dApps). The network believes it has cracked the code on smart contract execution in terms of speed, high security, and…
join us telegram A channel to stay up to date on breaking news coverage As Sponge V2 gains momentum in its transition, investor confidence in the Sponge project increases, resulting in weekly gains for the $SPONGE token. Sponge V2 migrated to the Polygon network to benefit from faster transaction speeds and lower fees compared to Ethereum. This move also addresses security concerns caused by previous liquidity pool attacks. With future developments such as staking rewards, a growing community, and a Play-to-Earn racing game, Sponge V2 hopes to capitalize on the meme coin trend despite the inherent risks. Polygon Network Launches…
In recent years, the world of digital currencies has seen a rise in cryptocurrencies designed to cater to specific industries and communities. One such cryptocurrency is ArtByte. ArtByte aims to revolutionize the way artists are supported and rewarded for their work. What is Artbyte? ArtByte is a digital currency designed specifically for artists, musicians, actors, and other creative professionals. It was created with the goal of providing a decentralized payment system that allows artists to receive support directly from fans and sponsors without intermediaries. How does ArtByte work? ArtByte operates on a blockchain-based platform similar to other cryptocurrencies such as…
In the realm of digital wealth XRP The wallet stands as a safe haven and gateway to empowerment. This wallet not only provides a secure space to store, send and receive XRP, but it also provides you with the keys to the kingdom. Strong security measures like password protection, encryption, and multi-factor authentication keep your assets out of the clutches of cyber villains. You no longer need to rely on third-party custodians. Because this wallet gives you full control over your investments. XRP wallets come in many different types, each catering to different needs and preferences. Software wallets such as:…
The cryptocurrency market has recently reacted positively to the approval of several spot Bitcoin exchange-traded funds (ETFs) in the U.S., sparking discussion about the possibility of meme coins being bullish. A parabolic cryptocurrency bull market has yet to materialize, but the approval of a spot BTC ETF has increased interest and confidence in the broader cryptocurrency space, including meme coins. Now the market is bigger than ever with an unprecedented number of projects, layer 1, layer 2, and of course meme coins. This has led to a situation where the benefits of additional capital inflows are spread more thinly across…
Posted 1 minute ago In ~ While this fall has undoubtedly seen a significant increase in Bitcoin NFT transactions, the volume of Ethereum NFTs traded on-chain is currently at its highest weekly level since the week of February 26, 2023, according to data from The Block. The increase in Ethereum NFT volume comes as Pudgy Penguins, currently the third-largest NFT collection by market cap, is approaching the market cap of the Bored Ape Yacht Club collection, owned by rival Yuga Labs. Yuga Labs also owns Cyberpunks, the #1 collection by lowest price. Pudgy Penguins is currently developing Pudgy World, an…
Clinton Vs. Novogratz’s fierce war of wordsAt the Bloomberg New Economy Forum, Hillary Clinton and Mike Novogratz clashed over Bitcoin’s role in dedollarization. Clinton warned about Bitcoin undermining the dollar as a reserve currency, while Novogratz criticized politicians’ reckless spending. The cryptocurrency community supported Novogratz’s stance, questioning how something worthless could undermine fiat currency. The debate extends beyond rhetoric, with companies like Galaxy Digital and MicroStrategy offering investment vehicles that can protect against a weaker dollar. Although Bitcoin’s future impact on the dollar remains uncertain, conversations about the dollar’s reign and a possible cryptocurrency collapse are just beginning, providing insight…
Blockchain technology is emerging as a potentially powerful solution to the ongoing problem of counterfeit medicines in the pharmaceutical sector. According to a forecast by Goldstein Market Intelligence, the cost of counterfeit medicines this year is expected to reach $5.3 billion. Despite these challenges, industry experts express optimism that blockchain technology will have a transformative impact in solving these pressing problems. Is blockchain the solution to counterfeit drugs? In a recent interview with Sunday PUNCH, Oluseyi Akindeinde, CEO of Hyperspace Technologies, highlighted the potential of blockchain in securing the pharmaceutical sector. Akindeinde emphasized that blockchain’s ability to serialize medicines and…
The next Stateless Ethereum research release is coming in less than a week! There are now hundreds of messages in Telegram chats to keep up with, and only a small fraction of the topics discussed have made it into the ethresearch forums. This post is just a simple primer…