The latest TokenInsight report reveals that 2023 witnessed shifts in market share and trading volume among top exchanges, with Binance’s numbers decreasing from 54.2% to 48.7% while OKX’s and Bybit’s increasing by 4.3% and 2.2%, respectively. Binance, Upbit, and OKX occupy the top three positions in total annual trading volume,…
. This is a critical factor for those investors looking to maximize their investments by earning passive income on the altcoins they hold. High Yield Generating Altcoins in January Leading the pack is Energi (NRG), boasting a striking reward rate of 55.82%. Due to a staking market capitalization of $2.67…
CoinGecko’s 2023 Annual Crypto Industry Report has been released. It covers crypto exchanges and their current state, Bitcoin’s +155.2% and Ethereum’s +90.5% growth, analyzing NFT trading volume throughout the year, and more. Among the report’s highlights is the comprehensive review of the crypto trading volume in 2023 through the performance…
1inch experienced a substantial surge in volumes and market dominance in the fourth quarter of last year amidst a broader market resurgence, According to Messari’s report, the popular DEX aggregator recorded over $30 billion in executed volume and a commanding 64% share of the Ethereum DEX aggregator market. The nearly…
The captivating Binance Smart Chain (BSC) Network has morphed into a powerful force within the blockchain ecosystem, offering various benefits and opportunities for users and developers alike. Introduced by Binance, a top player in the global cryptocurrency exchange realm, BSC provides a robust and efficient infrastructure for decentralized applications (dApps)…
The price still trades within the confines of a long-term pattern that has existed for 120 days. Chainlink Deviates Below Range Low The technical analysis from the daily time frame shows that the LINK price has traded in a horizontal range since November 8, 2023. More recently, the price deviated…
In a landmark decision, decentralized exchange (DEX) PancakeSwap has successfully passed a proposal to reduce the total supply of its native token, CAKE, to a maximum cap of 450 million from 750 million. The proposal, which closed on Dec. 29, garnered an overwhelming 97.88% approval rate from the voting community,…
A PancakeSwap proposal to reduce the maximum supply of the decentralized exchange’s native token from 750 million to 450 million has concluded with nearly 98% of votes in favor of the move. On Thursday, the multi-chain decentralized exchange project posted a vote proposal to reduce the maximum token supply of…
Amidst PancakeSwap’s proposal to burn 300 million CAKE and reduce the total supply from 750 million to 450 million CAKE, on-chain data indicates that a whale has been moving a significant amount of CAKE, the decentralized exchange’s governance token. Whale Is Moving Tokens As Key PancakeSwap Voting Event Proceeds According…
The Decentralized Financial System (DeFi) gives users various abilities such as trading, borrowing, and staking their assets without involving a third party, such as traditional banks. In the DeFi system, a transaction is recorded in the blocks of a blockchain, similarly to that of a ledger. Further, these transactions are…