Solana reaches DEX volume milestone. Overtakes Ethereum and BSC. Memecoin drives network traffic. Decentralized finance (DeF) has seen significant growth over the past few years. This year, Solana has significantly increased its dominance. Thanks to its influence in the memecoin market, Solana has slowly overtaken other networks in this metric. According to the latest data, Solana has reached an important milestone. For the first time in a decentralized exchange, network size surpassed $100 billion. Solana’s DEX traffic now exceeds that of all Ethereum and L2 combined. Solana Breaks Record with DEX Trading Volume of $115 BillionMemecoin is once again putting…
Author: Crypto Flexs
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Peter Jang November 26, 2024 19:49 Filecoin (FIL) was recognized by Fast Company as a key player in emerging technologies, highlighting its impact on innovations such as decentralized AI and the NV24 upgrade. Filecoin (FIL) was named a winner on Fast Company’s prestigious list of the next big disruptors in technology. This recognition marks an important milestone for the Filecoin community, highlighting the network’s pivotal role in advancing decentralized artificial intelligence. Technology advancements and upgrades The Filecoin network is undergoing significant upgrades to improve security, stability, and developer functionality. The NV24 upgrade introduces important…
Economist Alex Krüger thinks Bitcoin (BTC), memecoins and other altcoins are poised to surge in the coming months. Krüger explains his predictions for the cryptocurrency market to his 190,500 followers on social media platform X. “Step 1. Bitcoin runs. Step 2. Memecoin joins. Step 3. Altcoins are joining.First large flush (approx.) $110,000-$120,000? Step 4. The mania continues.Until Christmas/Inauguration Day. Step 5. Gather. It’s not bipolar disorder.From the end of February to the end of March. Step 6. Correction and pain. Step 7. Gather. Much less manic. Something like this would make sense.” Krüger pointed out that the cryptocurrency bull market…
Cryptocurrency investments may have enabled low-income Americans to purchase homes at a higher rate than the rest of the population, according to a paper published Tuesday by the U.S. Treasury’s Office of Financial Research.A study conducted by the Treasury Department’s independent arm that monitors U.S. economic risks found that the rise in cryptocurrency investment in recent years has led to significant increases in debt (particularly mortgages) in regions with the highest digital asset activity. They were looking for evidence that these financial pressures could pose a risk to America’s stability, but so far researchers have found that delinquency rates in…
The Wormhole Worldcoin World ID State Root Bridge protocol makes it possible to bridge the Worldcoin World ID state root from Ethereum to Solana. Worldcoin World ID utilizes: semaphoreThere is a single set containing the public key (or identity promise) for each verified user. Promises for this set are replicated to another blockchain, in this case Solana, where the new Merkle root is stored, allowing verified users to prove their identity. Wormhole partnered with Ackee Blockchain Security to conduct a security review of the Wormhole Worldcoin World ID State Root Bridge protocol over a total of 11 engineering days from…
Rebecca Moen November 26, 2024 20:10 Ethereum is currently accepting applications for the Next Billion Fellowship Cohort 5, a program designed to leverage blockchain technology to solve real-world problems. Ethereum announced the opening of applications for the fifth cohort of its Next Billion Fellowship program. According to the Ethereum blog, the initiative, which aims to highlight and support projects that leverage Ethereum’s blockchain technology to solve social problems, is now seeking new applicants. Understanding the Next Billion Fellowship The Next Billion Fellowship program is designed to highlight compelling stories that demonstrate the impact Ethereum…
After crossing the $1 mark, ADA has witnessed a 6% correction in the last 24 hours. Rising active addresses and several other indicators hinted at a bullish reversal. Cardano (ADA) We’ve been seeing a huge surge in network activity recently. This recent push has advanced blockchain to levels last seen in 2023. But will the surge in network activity be enough to end ADA’s consolidation phase after witnessing a slight pullback near the $1 level? Cardano hits new highs! AMBCrypto reported Previously, ADA reached $1 during the past week. But then the bears gained some control and pushed back below…
With Kraken Wallet, we are committed to providing an intuitive, seamless, and secure on-chain experience. Today we’re excited to unveil a new set of tools to help you explore the vast world of on-chain. And our new Explore page is at the forefront. Whether you’re new to on-chain or a seasoned expert, Explore pairs with our new in-app browser to connect directly to dApps within Kraken Wallet. This latest update allows for seamless on-chain usage. What’s new with Kraken Wallet Home screen updated with new navigation bar We’ve introduced a small floating navigation bar at the bottom of the screen.…
Bitcoin (BTC) reached an all-time high of $99,609 on November 22 before facing an 8.2% decline over four days. The decline resulted in the liquidation of $250 million in bullish leveraged positions, but did not cause panic or push major indices into bearish territory. .Bitcoin futures total liquidation, USD. Source: CoinglassAs shown in the purple area, the 22.6% price surge from November 9 to November 13 resulted in $342 million in buyer liquidation through BTC futures contracts. Therefore, this price correction does not necessarily signal a trend reversal, but rather reflects temporary excessive leverage by derivatives traders.It is important to…
Cryptocurrency exchange Binance plans to delist five cryptocurrency tokens by December for not complying with industry standards.According to an announcement on November 26, Binance will delist trading pairs for Gifto (GFT), IrisNet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) by December 10. It is planned. Arbitrage strategies, lending and futures positions for these tokens will close on December 3, while isolation and cross-margin borrowing will cease on November 27. The announcement triggered a significant sell-off, sending the token plummeting nearly 40%, with the price down to just a few cents at the time of this writing. According to CoinGecko,…