Author: NBTC
Solana’s monthly DEX volume reached $109.8 billion in November. Daily transaction volume on Solana averages 53 million, showcasing its scalability. Solana has achieved a major milestone as its decentralized exchange (DEX) volume surpassed $100 billion in November. According to DefiLlama, Solana recorded $109.8 billion in DEX trading volume, doubling Ethereum’s $55 billion. The network also posted a remarkable 100% increase from October’s $52.5 billion, showcasing its dominance in DeFi. This growth is driven by Solana’s unmatched scalability, memecoin activity and low transaction fees fueling over $5 billion in daily trading volume. Solana processes 53 million daily transactions, far outpacing other…
The XRP Ledger helps people manage money better and opens doors for new financial strategies. Ripple is launching a stablecoin backed by US dollars to offer a safer investment option. Ongoing legal challenges highlight the importance of speculation in XRP’s value and market trends. The XRP Ledger is changing how people create wealth as its adoption rises. This digital asset signals a major shift in financial technology and may lead to the largest wealth transfer in history. As XRP gains traction, it provides people with tools to improve their financial strategies. Insights into the XRP Ledger Launched in 2012, the…
Charles Hoskinson, founder of Cardano, has expressed his support for Coinbase CEO Brian Armstrong to take on the role of Crypto-Czar at the White House. In a detailed post on social media, Hoskinson pointed out that Armstrong has been an influential figure in the cryptocurrency space. He further added that Armstrong’s ability to withstand the pressure from regulators is the major reason why he is suitable for the position. Hoskinson stressed that the U.S. government requires an impartial and informed mediator between the government and the crypto space. He noted that Armstrong has managed to steer the company clear of…
HTX, the crypto exchange advised by controversial figure Justin Sun, recently redeemed 5,182 wrapped bitcoin (WBTC) worth approximately $500 million, according to the official WBTC dashboard. This comes just over three months after Sun entered into a new joint venture with BiT Global and BitGo to manage the custody of bitcoin for WBTC. On-chain data for WBTC suggests this is the sixth-largest redemption of WBTC of all time and is the largest redemption in the last 635 days. Threshold Network delegate ‘mrsthreshold.eth.limo’ highlighted that this large redemption was processed in only a few hours, whereas other recent smaller redemptions often…
When Hut 8 CEO Asher Genoot dropped a poll on X (formerly Twitter), he got a response that even Bitcoin maxis would envy. “Hut 8 already holds 9,100 Bitcoin on our balance sheet. Should we increase our Bitcoin reserves?” he asked. The results? A resounding 93.7% yelled “yes.” Just 2.8% opted to hold steady, while 3.6% went rogue and voted to sell for cash. A mining giant’s roots Launched in 2017, the company immediately set its sights on large-scale mining. By March of that year, they inked a $100 million electricity deal to power a mining facility in Medicine Hat,…
Bitcoin reached an all-time high of $98,000 in November 2024, and its current market cap is $1.92 trillion. It is a fact that the flagship cryptocurrency represents a significant store of value. However, its liquidity largely remains confined to its native blockchain. Enabling Bitcoin liquidity to flow into networks like Solana through cross-chain solutions opens up opportunities for Bitcoin holders to participate in lending, borrowing, staking, and yield farming on other chains. This not only enhances the overall liquidity across ecosystems but also allows Bitcoin to play an active role in markets beyond its native blockchain. Access to Bitcoin liquidity…
It’s been two weeks since the US presidential election outcome that sent BTC to new highs and spurred some of the latest bullish happenings. Let’s review what’s occurred in crypto land since Donald Trump’s political victory. Starting with the crypto price rally, BTC rose 8.8% on Election Day (Nov. 5), Coinglass data shows. There were modest gains the next few days before BTC saw notable daily price increases of 4.8% and 10.2% on Nov. 9 and Nov. 10, respectively. Then a 4.2% rise on Nov. 14. By Bitfinex analysts’ count, BTC rose roughly 40% (from the pre-election selloff point of…
Dubai, UAE – Trust Wallet, the world’s leading self-custody Web3 wallet with over 140 million users, has announced a powerful integration with Binance Connect, Binance’s official fiat-to-crypto gateway. This strategic move unlocks an array of new features, simplifying access to digital assets and enhancing the overall user experience.—By integrating Binance Connect, Trust Wallet users gain direct access to over 300 cryptocurrencies at competitive rates, all powered by Binance’s unparalleled liquidity and global market reach. Whether using credit or debit cards, bank transfers, Binance wallet balances, or P2P trading, the process is now faster and more intuitive than ever before.Key Features…
Pete Rizzo, a prominent Bitcoin historian, has noted that it has been exactly 13 years since The Economist, one of the most famous business media outlets, wrote off the cryptocurrency in its infamous article. The article, which was published on Oct. 21, 2011, claimed that Bitcoin was “in trouble” after it plummeted below $3 from its peak of $33. The very first Bitcoin bubble emerged back in June 2011 mostly because of Gawker, a now-defunct American pop culture website. The cryptocurrency attracted a lot of attention after Gawker published an article about the infamous Silk Road dark web marketplace. Around…
Ethereum has the biggest share of the TVL pack, with Solan coming in second. Blockchain technology is still reshaping the financial sector, and some blockchains are performing better than others in terms of Total Value Locked (TVL), one of the most significant measures of blockchain’s economy. Recent statistics show that Ethereum and Solana are the market leaders, with other platforms on the rise. The Dominant Leaders: Ethereum & Solana Ethereum holds the throne with the TVL amounting to 65.665 billion, which is more than half (54.67%) of the total. Worldwide, it is popular because of the large number of protocols…