User activity is soaring on Abstract Chain, the up-and-coming blockchain network, in the first half of April. The number of active addresses on the platform has surged, doubled almost, even, hitting a milestone this week that saw Abstract Chain reach a figure of 105,000 active addresses. For comparison’s sake, that figure is nearly twice the number thrown around in the weeks leading up to this one. User engagement has risen exponentially. This is an undeniable fact. What is less clear is why exactly it has risen—why so many more people are so much more engaged with Abstract Chain right now.
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]]>In the past 24 hours, over $270 million worth of BNB has been deposited onto Binance, signaling strong activity and interest in the token. This significant influx comes as BNB enthusiasts recall its impressive performance during previous market cycles. Approximately 280 days after the last Bitcoin halving, BNB saw a remarkable 7.5x increase from its previous all-time high (ATH), climbing from $40 to $300. Just three months later, it surged further to $680, marking a staggering 17x gain from its prior ATH. #BNB UPDATE:In the previous cycle, #BNB performed well alongside the ALTS market. At 280 days after the #Bitcoin
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]]>The BNB Chain’s Q2 2024 financial report reveals mixed results, with a slight underperformance in the income statement compared to the previous quarter. However, the market data tells a more positive story. BNB Chain Market Data Highlights Despite the income dip, BNB Chain’s circulating market capitalization grew by over 50% quarter-over-quarter and an impressive 95% year-over-year. This growth reflects the increasing value and adoption of the BNB token. Additionally, the number of BNB token holders increased by approximately 52 million year-over-year, signaling a broadening base of users and investors. .@BNBCHAIN Q2 2024 Financial Report The Q2 Income Statement slightly underperformed
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]]>The TON blockchain is experiencing a significant surge in activity, with the Total Value Locked (TVL) surpassing $500 million as Season 4 of the Open League Digest gets underway. This period has also seen a remarkable influx of over 1,000 applications for The Open League Hackathon, showcasing strong developer interest. Meanwhile, limited early-bird tickets for the Gateway event are now available at discounted prices, adding to the excitement. The Open League Digest 
With Season 4 underway, TVL on #TON has skyrocketed to over $500M. Over 1K applications have been received for The Open League Hackathon, limited early-bird tickets for
The post TON Blockchain Sees TVL Surge To Over $500M Amid Season 4 Of Open League Digest And Binance Integration appeared first on The Merkle News.
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Stripchain’s funding round included investors such as Sora Ventures, Hyperithm, Shima Capital, Mechanism and several crypto angel backers.
]]>In a strategic move aimed at consolidating and enhancing its network capabilities, BNBChain is gearing up to introduce liquid-staking functionality on the BNB Smart Chain (BSC) network. This initiative marks a significant step in the ongoing transition away from the Beacon Chain, with plans to fully decommission it by June 2024. The rollout of liquid-staking on the BSC network is poised to revolutionize the BNB ecosystem by offering users increased flexibility and capital efficiency. While the precise launch date for this feature remains undisclosed, insiders suggest that implementation is on track for April or May 2024. According to statements from
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Participants in the round include Blockchain.com, Sky9 Capital, Jane Street Capital, VistaLabs, Human Capital, VY Capital, CMT Digital, among other investors.
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The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team.
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The startup is one of the projects participating in the Axelar Ecosystem Startup Funding Program.
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The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork on Jan. 17, 2023. According to the team, the network upgrade will “reduce the severity of gas spikes” and “address chain reorganizations (reorgs) in an effort to reduce time to finality.” Polygon Team Outlines Network Upgrades to Improve User Experience On Jan. […]
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