Metaverse coins are gaining traction, with their market cap recently rising by around +0.6%. This brings the total market value to $13 billion, indicating significant growth in the digital asset space. This rise reflects a growing interest in virtual worlds and online experiences. Monthly analysis will help us understand the…
The conversation explored a variety of topics, including the challenges of scalability and speed in blockchain technology and Diamante’s approach to creating a sustainable and efficient ecosystem. Jetani highlighted how Diamante Net, described as a “layer-1, state-of-the-art hybrid blockchain platform,” is aiming to redefine financial transactions with seamless interoperability. The…
–> The web3 fintech firm MoonPay and the crypto payments platform BitPay have partnered to facilitate easier crypto transactions. According to a social media post from MoonPay, the partnerships aim to make selling crypto faster and easier and streamline how users send crypto to their bank account or debit card. …
–> Ethereum Layer 2 protocol Arbitrum surpassed $150 billion in transaction volume on the decentralized exchange Uniswap. Arbitrum is the first Layer 2 to pass the threshold on the DEX, Uniswap Labs wrote in a social media post on Monday. As of early May, Arbitrum’s cumulative swap volume hit $150.2…
–> The total number of wallets on the decentralized exchange (DEX) Uniswap skyrocketed from 3.03 million in May 2023 to 7.26 million in May 2024—an increase of approximately 140%, according to Dune Analytics data. Uniswap’s rise in swappers coincides with other records on the platform. On Apr. 5, Uniswap surpassed…
LayerZero had said an airdrop will take place in the “first half of 2024.” Snapshots typically act as a precursor to outflows because airdrop farmers often move liquidity to other projects. The interoperability protocol’s developers indicated that more airdrops are coming. Nova Labs CEO ‘Very Confident’ About Helium’s Migration to…
–> Aave Labs unveiled a trio of governance proposals on Wednesday to guide its development of Aave V4. The Aave V4 roadmap, which is in the advanced research stage, proposes several improvements to Aave’s lending platform, such as improved support for its native GHO stablecoin and lower transaction fees, the…
These collaborations aim to propel Animoca into the Bitcoin ecosystem and drive the expansion of Web3 gaming. Animoca Brands Positions Itself for Web3 Growth with Strategic Alliances By partnering with the Opal Foundation, Animoca Brands embraces Bitcoin’s potential by integrating BLIF tokens, the essence of the OPAL Protocol. This initiative,…
–> BlackRock’s USD Institutional Digital Liquidity Fund reached $375 million in assets under management. The fund, known by its ticker BUIDL, beat out its nearest competitor Franklin Templeton’s FOBXX by nearly $8 million, data from Dune Analytics show. FOBXX is a U.S.-registered mutual fund using the Polygon and Stellar blockchains,…
–> Michael Saylor’s firm MicroStrategy released Monday new figures on its bitcoin holdings, alongside its first-quarter 2024 earnings report. The firm holds a total of 214,400 bitcoin valued at $7.54 billion overall, or $35,180 per token, the quarterly report notes. Since the end of the fourth quarter, the firm bought…