Author: NBTC
PancakeSwap V2 seems to have become the leading dApp on BNB Chain, after recording a weekly volume of 6.1 billion dollars. PancakeSwap V2: leader of dApps on BNB Chain with 6.1 billion dollars of weekly volume PancakeSwap leader on BNB Chain: the volumes of DEX on DefiLama The price of BNB PancakeSwap V2: leader of dApps on BNB Chain with 6.1 billion dollars of weekly volume According to what was reported five days ago, an analysis by Phoenix measured the weekly volume of dApps on BNB Chain, noting that the leader is PancakeSwap V2. In fact, it seems that Version…
Ronin Network announced today it has selected Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to strengthen the security of the Ronin Bridge, enhancing the network’s cross-chain infrastructure. The adoption followed a competitive three-phase selection process, concluding with Chainlink outperforming other candidates, LayerZero and Axelar. Ronin’s bridge validators picked Chainlink’s CICIP due to its strong security features. The protocol offers multiple Decentralized Oracle Networks (DONs), an independent Risk Management Network, and other security measures that considerably reduce the risk of attacks and vulnerabilities. “Security was the number one most important factor when deciding which cross-chain protocol would secure the future of the Ronin…
As the broader cryptocurrency market experiences notable gains following the Federal Reserve’s rate cuts, Bitcoin (BTC) has reached a price of $63,670 on Thursday, marking substantial bullish momentum since late August. This surge has sparked increased interest from both retail traders and institutional players, leading to diverse positioning within the market. Divergence In Trader Strategies According to a recent post on social media site X (formerly Twitter) by technical analyst InspoCrypto, the recent price action on the Binance BTC/USDT perpetual futures chart highlights a strong upward trend, with Bitcoin breaking key resistance levels around $60,000. The volume accompanying this price…
Over the years, the Cryptocurrency marketplace has been growing, and September 2024 was no exception, as it brought some amazing achievements in All-Time High Return on Investment (ATH ROI). Eigenpie (EGP), Star Protocol (ANS), and NebX’s XPOWER tokens received more attention owing to their impressive levels of ATH ROI. TOP TOKEN SALES BY ATH ROI IN SEPTEMBER $EGP – 16.16x $ANS – 13.50x $XPOWER – 6.11x $NOTAI – 3.92x $WAT – 2.49x $MAK – 2.42x $BOX – 2.13x $MIRX – 1.42x pic.twitter.com/XbLtDoOwE3 — PHOENIX – Crypto News & Analytics (@pnxgrp) October 1, 2024 Eigenpie (EGP): The Market Leader The current…
Uniswap Labs, the developer behind top-ranked decentralized crypto exchange Uniswap, disclosed that it has built a new layer-2 network, which was set to launch on testnet Thursday. The new project was built using Optimism’s OP Stack, a blockchain blueprint that also has been used by the crypto exchange Coinbase and electronics giant Sony to spin up layer-2 networks. The main developer behind Uniswap, the largest decentralized crypto exchange, plans to launch its own blockchain as a layer-2 network atop Ethereum – part of an effort to make transactions faster and cheaper while also improving liquidity. Unichain, as the new network…
Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the $63,000 level. The chart below shows what the asset’s recent performance has looked like. The graph shows that after this 5% jump over the last 24 hours, the cryptocurrency is no longer far from reaching the highest level observed in August. As is generally the…
As of recent reports, Base has become a major player in the decentralized finance (DeFi) space, with the total value of assets locked in its protocols reaching approximately $2.28 billion. This milestone highlights the growing influence of Base network. It also shows its rising importance in the DeFi ecosystem. According to data from DefiLlama, several protocols on Base have seen significance growth in their Total Value Locked (TVL). Top Base Protocols by Total Value LockedThe total value of assets locked in @base is around $2.28B, according to @DefiLlama. Let’s compare the top protocols on #Base by current TVL in USD,…
Cardano founder Charles Hoskinson is proud and delighted that the public testnet of the Cardano sidechain, Midnight, is finally live. The Midnight team announced the testnet arrival on Tuesday, declaring it is now time to start building. Accordingly, the team has invited blockchain developers across the globe to participate in the network’s evolution. For context, Midnight is a target=”_blank” rel=”noopener”>Midnight targets organizations and developers that value blockchain’s transparency while requiring a balance between data protection, ownership, and utilization. With this testnet, the Midnight team is offering a dependable environment replicating a live mainnet’s conditions. This allows developers to build and…
Moonveil, a gaming-centric Layer-2 (L2) blockchain platform, has announced an upcoming node sale as well as a $2 million investment from Polygon Labs, as disclosed to Finbold on Thursday, October 10. Starting October 22, 50,000 nodes will be available for sale to the Moonveil community. Polygon Labs investments into Moonveil Of the $2 million invested, Polygon Labs has committed $1 million to drive the growth of AggLayer-integrated projects within the Moonveil ecosystem. Built on Polygon CDK, Moonveil’s new L2 network integrates with AggLayer to enhance cross-chain capabilities and give blockchain developers a chance to explore new opportunities in Web3 gaming.…
Bitcoin price gained pace above the $61,500 resistance. BTC even cleared the $63,300 level and is now consolidating gains above $62,500. Bitcoin is gaining pace above the $62,200 resistance zone. The price is trading above $62,500 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it stays above the $61,500 support zone. Bitcoin Price Extend Gains Above $63,000 Bitcoin price extended its increase above the $60,500 level. BTC was able to clear…