Author: NBTC
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…
Shiba Inu (SHIB) has continued to pursue new growth triggers on the market, this time focusing on its Decentralized Finance (DeFi) ecosystem. When the team launched Shibarium last year, one of the key expectations hinged on its sustained growth to compete with other layer-2 scaling solutions like Arbitrum. Though the momentum remains relatively slow, Shibarium is finally showing signs that something big is ahead in its DeFi world. Shibarium DeFi boost Per data from DeFiLlama, the Shibarium DeFi currently has a total value locked (TVL) of $4.37 million. This comes after this metric crossed the all-time high (ATH) of $4.81…
Tensor emerges as a cutting-edge NFT trading platform tailored specifically for professional investors. Unlike conventional NFT marketplaces that cater primarily to collectors, Tensor prioritizes the active investor’s experience, aiming to facilitate frequent buying, selling, and converting of NFTs. With TNSR coin set to debut on Binance, the platform seeks to redefine the NFT market landscape. Contents hide 1 What Makes Tensor Different? 2 How Do Investors Benefit from Tensor? What Makes Tensor Different? Tensor distinguishes itself through its focus on providing a highly customizable trading environment. Investors can personalize their trading experiences by adjusting royalty preferences and slippage settings, aligning…
Chromia has officially launched Filehub, its decentralized storage solution, on the platform’s mainnet. This new service offers a secure and scalable way for users to store and access digital files. The news was shared on Chromia’s official X account. The deployment of Filehub marks a significant advancement for the blockchain platform, which is known for its modular framework and ability to support dedicated decentralized applications (dApps). Filehub allows anyone to store their data on-chain and is another tool in our box to create the most usable blockchain.Read more about what Filehub is, how it works, and current and future use…
An ancient Bitcoin wallet was activated earlier this Friday after more than 13 years of dormancy, according to data provided by Whale Alert. The address in question contains 59 Bitcoins (roughly $3.8 million at press time). The recent activation coincided with a significant Bitcoin price surge. Earlier today, the biggest cryptocurrency by market cap managed to briefly reclaim the $64,000 level for the first time since late August. However, it is unlikely that the wallet sprang back to life specifically due to price appreciation since there is no clear pattern of such activations. According to Whale Alert, multiple wallets have…
Threshold Network has proposed further decentralizing BitGo’s Wrapped Bitcoin (WBTC) amid its recent challenges in the DeFi market. On Oct. 9, Matt Luongo, founder of the Bitcoin-focused venture studio Thesis, outlined the goal of expanding the number of signers involved in managing the WBTC asset using the Threshold Network. This proposal follows Threshold Network’s earlier offer to acquire WBTC. At the time, the platform proposed a deal valued at $36.4 million in T tokens to facilitate the transition of WBTC from centralized custody to Threshold’s decentralized model. WBTC’s custody model On Oct. 8, WBTC’s custody shifted to a structure spread…
As per data from IntoTheBlock, looking at the trading volume of NFTs, we can notice some stagnation since July. The level of activity in trading is essentially static, so the data raises the question of whether it is gearing up for a rebound or this is its new normal. NFT trading volumes have remained relatively flat since July. Will there be a resurgence? Or is the market settling into a new normal? pic.twitter.com/Hm47TcrqO5 — IntoTheBlock (@intotheblock) October 10, 2024 Market Overview: From Peaks to Flatlines According to IntoTheBlock, NFT trading has experienced a sharp fluctuating pattern towards the end of…