Author: NBTC

Total fees generated from the top 10 DeFi dApps tracks via DefiLlama will amount to $4.8 billion annually based on the past 24 hours of activity. Across staking, dexes, lending, and wallets, $13.15 million in fees were generated in the past day. However, the total revenue for the past day comes to just $2.78 million, which is 21% of total fees. Lido tops the chart for fee generation, while Curve retains the number one slot for revenue, with Maker and Lido just behind. Two of the biggest gaps between fees and revenue can be seen in Aave and Raydium, which…

Goerli testnet shutting down post-Dencun upgrade, urging migration to Sepolia or Holesky. Validators on Goerli being deactivated, impacting network stability and testing. Developers advised to use Sepolia for app testing; Holesky for protocol-level testing. The Goerli testnet, a crucial environment for Ethereum development, is approaching its final days following the recent Dencun network upgrade on Ethereum’s mainnet. Originally expected to remain active for about a month post-Dencun, the network’s validators have been progressively shutting down over the past few weeks. Top DeFi protocol on the BNB chain, Thena, has added $FLOKI to its pool, allowing FLOKI holders to provide liquidity…

Optimism is growing within the halls of Congress that crucial crypto regulation could be enacted before the upcoming presidential elections. This sentiment stems from Rep. Patrick McHenry, a leading proponent of crypto within the House of Representatives. US Crypto Regulation Bill Under Works Rep. McHenry, the Republican chair of the House Financial Services Committee, highlighted the improved chances of passing legislation designed to bring regulatory clarity to the crypto market. “I think we have a couple of opportunities ahead before the election to see real policy,” McHenry remarked. He pointed to a significant shift in congressional support following the replacement…

One of the Oracle protocols that stands out is Tellor, a decentralized and permissionless one capable of providing highly secured and accurate data to the blockchain. Some significant strides have been made in this respect when this protocol was deployed on Polygon zkEVM. This is a strategic step for the Tellor Project and the entire blockchain community that strives to improve efficiency, cut costs, and maintain security and compatibility with the Ethereum Virtual Machine (EVM). Polygon zkEVM provides Ethereum’s cutting-edge Layer 2 deployment option, emphasizing zero-knowledge proofs. This procedure optimizes the list of operations and reduces transaction fees, making their…

As bitcoin ETF trading volumes ascended to new levels last week, inflows did the same — then reversed course. Net inflows into the segment of 10 US funds turned negative on Friday as BlackRock’s fast-growing ETF was unable to fully offset the assets bleeding out of Grayscale Investments’ offering. BlackRock’s iShares Bitcoin ETF (IBIT) tallied inflows of about $203 million on Friday, according to BitMEX Research data. Three other such funds — the Fidelity Wise Origin Bitcoin Fund (FBTC), the Bitwise Bitcoin ETF (BITB) and the Ark 21Shares Bitcoin ETF (ARKB) — contributed combined net inflows of roughly $150 million.…

Infusion, a novel automated market maker (AMM) protocol, has officially launched on Base, the Layer 2 solution incubated by Coinbase, introducing a unique liquidity timelock feature known as timefusing to decentralized exchanges (DEXs). This feature is designed to provide stability and predictability for traders and on-chain applications by ensuring liquidity remains locked for set periods. The timefusing mechanism is particularly relevant in the context of meme coins, which have seen instances of liquidity being pulled abruptly, causing significant investor losses. Infusion’s approach aims to prevent such scenarios, as seen with the BALD meme coin rug pull on Base, which resulted…

OpenSea and the Seaport Working Group have released Seaport 1.6, the most recent version of the NFT marketplace protocol for the Ethereum Virtual Machine (EVM) ecosystem. ‘Seaport hooks,’ a new feature of the upgrade, is modeled around Uniswap v4 hooks. The goal of this feature is to facilitate the development of applications that increase NFTs’ utility and liquidity. By functioning as order fulfillment plugins, these hooks enable developers to easily integrate custom contracts into the Seaport protocol. OpenSea and the Seaport Working Group are thrilled to unveil Seaport 1.6 — the latest generation of the most advanced NFT marketplace protocol…

1RPC, a prominent Web3 relay service by Automata Network, has recently announced its support for Axelar. It is a cutting-edge programmable Web3 interoperability platform. This development marks a significant milestone in the Web3 world. It expands the number of supported networks on the 1RPC Web3 relay to a total of 55. An innovative platform from Axelar supports the next generation of web apps, allowing billions of people to use them. 1RPC now supports @axelarnetwork.Safeguard your data with zero metadata exposure through our public endpoint: https://t.co/rs2m1o0aHKLearn more ↓https://t.co/FfZkPXOUsQ — 1rpc _ (@1rpc_) March 20, 2024 1RPC Enables API Key Creation for…

The price of Bitcoin (BTC) just blew past the pivotal $65,000 mark as market analysts point two crucial catalysts impacting its price outlook. After breaking the $60,000 resistance zone on February 28 for the first time since November 2021, many expected the price of Bitcoin to experience a mild correction. The opposite is what has happened, as the premier cryptocurrency recently printed its most bullish weekly candle, having increased its value by $11,404 over the week, as pointed out by crypto analyst Raicher. #Bitcoin just closed its Greenest Weekly candle ever! $11,404 between open and close on Bitstamp. pic.twitter.com/6jRC6m8x18 —…

Mintlayer, a Bitcoin (BTC) layer 2 sidechain seeking to improve direct token interoperability and foster decentralized finance (DeFI), has launched a new staking program interface to streamline user experience and improve accessibility, as per the latest information shared with Finbold on March 21. Blending Mintlayer’s block explorer and Mojito wallet browser extension, the program allows users to stake their ML tokens and reap rewards. Mintlayer’s staking initiative Mintlayer’s staking initiative is poised to empower a larger user base to engage in token staking activities. Boasting an Annual Percentage Yield (APY) currently hovering around 198%, the platform stands out as one…