Posted 1 minute ago to Updated: October 3, 2024, 1:28 AM EDT Base, a layer 2 Ethereum network incubated at Coinbase, has seen its total locked value (or user deposits) surge to $2 billion. This is more than five times the network deposit.Decentralized exchange Aerodrome accounts for nearly half of Base’s TVL, with its deposit contribution increasing to more than $1 billion from $120 million in January. These deposits account for more than 50% of total TVL within Base’s DeFi ecosystem.According to DeFiLlama data, Aerodrome is the largest decentralized exchange protocol on Base, surpassing DeFi giants such as Uniswap and…
Author: Crypto Flexs
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Alvin Lang October 2, 2024 18:49 Learn how to maximize your LGG winnings using Linea’s top DeFi applications like Lynex, Maestro, and Zerolend, and explore the benefits they offer. Recently, Linea Guild Games (LGG) took part in a thrilling competition where participants battled it out in the virtual world of Unfettered Awakening. Hosted by Linea, Unfettered Ecosystem, Hyperplay, and Game7, the event featured a total ETH prize pool of $100,000 along with $SOULS tokens and meme tokens from participating guilds. With the competition coming to a close, participants are now working to optimize their…
Bitcoin (BTC) fell 8.3% from September 30 to October 1, reaching a two-week low of $60,207. Despite a slight recovery to $61,300 on October 2, the Bitcoin price remains 16.6% below its March 2024 all-time high, while gold and the S&P 500 are each within 2% of their recent record levels. We are maintaining it.Given Bitcoin’s poor performance, one might expect traders to take a bearish stance. However, BTC derivatives indicators suggest otherwise. Some analysts argue that socio-political uncertainty could have a negative impact on short-term prices. Historically, Bitcoin has tended to outperform other asset classes following major events, indicating…
October 1, 2024 The EEA’s Crosschain Interoperability Working Group has just published a case study describing the implementation of the EEA DLT Interoperability Specification. This case study describes the implementation of the recently published version 1 specification to enable interaction between the EVM-based Polygon blockchain and the RUST-based Sobrana smart contract on the Stellar network. The Stellar-Polygon Asset Bridge demonstrates how to leverage various DLT networks to create efficient, secure, and scalable cross-chain asset transactions. …This case study demonstrates how compliance with open standards, such as the EEA DLT Interoperability Specification, can provide a robust framework for enterprises to build…
The Tron network recorded $577 million in revenue in the third quarter, outpacing major blockchains including Bitcoin and Ethereum in terms of quarterly revenue. According to Tron’s data, Tron earned $577.2 million worth of revenue in the third quarter. 74% of revenue came from staking and 26% from burning. This is Tronscan’s data, which was also cited by Tron founder Justin Sun in his post on X on October 2nd. . Tron recorded quarterly revenue of $577 million in the third quarter. Source: TronScanTron’s record-breaking quarterly numbers were largely driven by the network’s increased stablecoin activity and its recent entry…
As we get deeper into 2024, we cannot help but feel that we are standing at a pivotal moment in the global economic environment. Everywhere I look there are signs that suggest where the market is headed. And as a cryptocurrency investor, I know the importance of staying one step ahead. The pieces of this puzzle are starting to fall into place, with inflation cooling, labor markets stabilizing and central banks expected to ease monetary policy. But the real question is, How should we position ourselves to make the most of what lies ahead? Have we passed the recession threat?…
October 2nd Bitfinex Alpha | Is October ‘Uptober’? Posted at: 07:24h On Bitfinex Alpha Posted by Tammy Since bottoming at $52,756 on September 6, Bitcoin has surged 26.2%, surpassing $65,000 and “shaking” its previous high on August 25. This upward move marks the first time Bitcoin has hit a local high since March 2024. This is consistent with signs from October, which marked Bitcoin’s most successful month in history with an average increase of 27.7%. This good news, combined with the upcoming fourth quarter, a quarter that typically brings “huge” profits each year, has bolstered investors’ optimism about the next…
Caroline Bishop October 2, 2024 19:20 Filecoin (FIL) has announced a series of strategic partnerships and initiatives, including decentralized storage solutions and hackathons, signaling significant growth in its ecosystem. Filecoin (FIL), a leading decentralized storage network, is making headlines with a series of strategic partnerships and innovative initiatives, as reported by Filecoin. The goal of these developments is to strengthen network capabilities and expand the ecosystem to provide powerful solutions for the blockchain and storage sectors. Solana Ledger Integration and Future Outlook Through a significant collaboration, Triton One and Dcent have successfully integrated the…
HBAR Foundation and Canary Capital announce the first HBAR Trust. HBAR ETF discussions have picked up steam as HBAR becomes a competitor alongside SOL and XRP. The geopolitical beef in the Middle East hurts the broader market. Hedera Hashgraph (HBAR) is making great strides toward global institutional adoption. The HBAR Foundation said Canary Capital, a large US digital asset management firm, has decided to launch its first trust product, opening the door to HBAR, Hedera’s native token, to qualified institutional investors.The enterprise-grade HBAR trust is the first HBAR investment vehicle in the U.S. and could potentially lead to the final…
FTM, the native token of the Fantom layer-1 smart contract platform, rose 5% in seven days to $0.6850 on October 2. This is part of a rebound that began on September 6 and saw prices rise by more than 71%. During the past 30 days.The price rose 103% from a low of $0.3574 on September 6 to a four-month high of $0.7642 on October 1, according to data from Cointelegraph Markets Pro and TradingView Fantom (FTM).FTM/USD daily chart. source: TradingViewTrading activity also moved in tandem with the price surge in FTM. FTM’s spot trading volume surpassed $450 million on October…