Arbitrum, a layer 2 network built on the Ethereum blockchain, is showing strong performance as the new year begins. In particular, the platform has experienced a significant rise in both trading volume and the value of its native token. ARB. In fact, this positive momentum points to a promising trajectory for Arbitrum early this year. Arbitrum’s Thriving DeFi Ecosystem On-chain data from DeFiLlama shows that the Arbitrum network’s decentralized exchange (DEX) trading volume surpassed other blockchains including Binance Smart Chain, Solana, and Polygon last week. Surprisingly, on January 5th, Arbitrum’s DEX trading volume briefly surpassed that of the Ethereum mainnet,…
Author: Crypto Flexs
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The multiplier for L2 rollups exploded to 5x, and on some days in the second half of 2023 to 7x. Using EIP-4844, the storage cost of L1 is eliminated. The Ethereum (ETH) layer 2 (L2) environment has expanded dramatically in 2023. Blockspace demand for scaling solutions has surged, and users are rushing to take advantage of their relative advantages. How to scale Ethereum in 2023! According to AMBCrypto’s research on L2Beat statistics, 2023 has indeed been a critical year for scaling solutions built on top of Ethereum’s base layer. On January 1, 2023, the Ethereum mainnet averaged 13.67 transactions per…
join us telegram A channel to stay up to date on breaking news coverage Meme Kombat, a decentralized platform with an attractive rewards mechanism, successfully raised an impressive $6.7 million in its $MK token presale. In recent months, the project has continued to gain attention. Besides being classified as a meme coin and offering innovative utility on GambleFi, the main driver of its success lies in its attractive APY staking. Meme Kombat’s Path to Sustainable Token Value Meme Kombat differentiates itself from regular Meme Coins by offering an attractive combination of gameplay, staking, and betting options. The project is dedicated…
In the cryptocurrency world, privacy has become a top concern for many users. With data breaches and privacy breaches on the rise, the need for truly privacy and secure cryptocurrencies has never been greater. This is where ConcealCoin comes into play. What is ConcealCoin? ConcealCoin is a privacy-focused cryptocurrency that aims to provide users with complete anonymity and privacy when transacting. ConcealCoin uses advanced encryption techniques such as ring signatures and stealth addresses to ensure that every transaction can be traced and unlinked, making it nearly impossible for third parties to trace the sender, recipient, and amount of a transaction.…
Shares of cryptocurrency exchange Coinbase (COIN), which provides critical custody services to most ETF issuers, fell 7.4% on Friday. Bitcoin miners Marathon Digital (MARA), Hut 8 (HUT), and Riot Platforms (RIOT) all fell at least 10%. The marathon was the worst performer, down 15%.
One analyst explained that PEPE may be moving toward this goal by breaking out of its current descending channel pattern. PEPE recently broke out of a descending parallel channel. new post At X, analyst Ali pointed out how the 4-hour PEPE price is currently breaking out of a descending parallel channel. In technical analysis, a “parallel channel” refers to an area surrounded by two parallel trend lines where the price of a particular asset has recently moved inward. In general, price is likely to face resistance at the top of the channel, while the bottom can act as support. For…
Bitcoin’s next halving event — we will see the block reward for miners on the network drop from 6.25 to 3.125. BTC -0.61% — is now approaching day 100, or about 14,500 blocks, according to ’s estimates. CoinGecko and OKLink.The estimated countdown is based on Bitcoin’s average block creation time of 10 minutes, and as things stand, the potential date is set at April 22nd.Bitcoin halving is programmed to occur automatically every 210,000 blocks, or approximately every four years. Once hit, miners will receive 50% less in Bitcoin rewards for every block they confirm and add to the blockchain. However,…
Dogecoin (DOGE) is set to Get another use case Thanks to The world’s richest man, Elon Musk. This follows the revelation that the top meme coin will be the payout when one of Musk’s groundbreaking projects finally launches. Dogecoin will be accepted once this Tesla project launches DogeMemeGirl, a member of the Dogecoin community, recently painted Community concerns about when DOGE will be accepted Tesla Supercharger Station In Hollywood has finally launched. Her comments came from another X (formerly Twitter) user. update At the station, which is already coming together and could launch this year. If this actually happens, DOGE…
The bear market in the web3 ecosystem is over. This was one of the conclusions of DappRadar’s latest annual industry report, which identified several bullish signals heading into the new year. Of these, DappRadar found that 2023 ended with over 4.2 million daily unique active wallets (UAW), a 124% increase from the previous year. Last year, despite several controversies and difficulties, marked the end of one of the longest winters in the short history of the cryptocurrency ecosystem. Fallen icons, regulatory crackdowns and hundreds of millions of dollars in hacks have all made for a turbulent year that has investors…
Policy • January 13, 2024, 8:28 PM EST Posted 1 minute ago In ~ The Securities and Exchange Commission (SEC) recently released a statement regarding the In a statement from SEC Chairman Gary Gensler, the agency alleges that “an unauthorized party gained access to the @SECGov X.com account by gaining control of the phone numbers associated with the account.” The language is reminiscent of SIM swapping attacks, a common form of X account hijacking that can be mitigated through multi-factor authentication. This is what Gensler once advised in his X post. In a statement, Gensler wrote, “Committee staff is still…