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.

The post Abstract Chain Sees Explosive Growth in Active Addresses as Gaming and New Launches Drive User Engagement appeared first on The Merkle News.

Go to Source

Binance has unveiled the sixth batch of its Spotlight Projects on Binance Alpha, featuring $YNE (@yesnoerror), $GOUT (@GOUTCoin), $GEL (@gelatonetwork), $UFD (@BasementRon), and $GAME (@GAME_Virtuals).   https://twitter.com/bsc_daily/status/1871493243164410053?t=fPcCB_8utTKMeN85ZsADew&s=19 Among these, $GAME has been making headlines as its popularity continues to soar, driven by the growing AI meme trend. One savvy investor, identified as Smart Money 0xBD4…c87E1, achieved remarkable success with $GAME, turning an initial investment of just $9,600 into an astonishing $6.42 million profit. This represents an incredible return of 66,776%. This investor strategically accumulated 47.9 million $GAME tokens early on, between October 16 and October 19, at an average cost of

The post Binance Introduces Sixth Batch Of Spotlight Projects On Binance Alpha appeared first on The Merkle News.

Go to Source

The revived Flappy Bird mobile game has the “option to use Web3,” but a spokesperson says it will “never have NFTs.”

Go to Source

As the GameFi sector experiences a resurgence, a closer look at token allocations reveals substantial differences across major projects, signaling varying stages of development and market strategies. $SAGA leads with 94% of its total supply still vesting, suggesting a long runway for future token unlocks. In contrast, $XAI has over 60% of its supply locked, with a significant portion concentrated within team and investor allocations, indicating potential future sell pressure. Meanwhile, $IMX stands out with less than 25% of its supply still locked, with all investor tokens already unlocked, highlighting its advanced stage in token distribution. $SAND is in its

The post GameFi Landscape Shifts: Token Unlocks, Market Downturn, And Strategic Investments Shape The Industry appeared first on The Merkle News.

Go to Source

The nearly 10,000-strong NFT collection is still listed on OpenSea, but its floor price is a measly $7.60.

Go to Source

Despite the recent plunge in the price of $GME, which has declined by over 42% in the past week, one strategic trader has capitalized on the fluctuations to realize significant profits. This trader recently spent 3,059 SOL, equivalent to $526,000, to purchase 78.57 million $GME at a price of $0.0067. This is not the first time the trader has engaged with $GME. On February 15 and 16, the same individual invested 1,409 SOL, or $165,000, to acquire 68 million $GME at a notably lower price of $0.0024. Holding onto the tokens for three months, the trader saw an opportunity as

The post Strategic Trader Profits Amid $GME Price Drop appeared first on The Merkle News.

Go to Source

The social casual web3 game, Pixel, has experienced an unprecedented surge in value over the past two weeks, reaching an all-time high. Powered by the Ronin network, Pixel has captured the attention of investors and enthusiasts alike with its innovative gameplay and potential for growth in the emerging web3 gaming space. A significant development occurred six hours ago when the address 0x8FB…d3Dfd made a substantial deposit of 2 million PIXEL tokens to Binance, amounting to a staggering $1.5 million.  This address, which previously received 50 million tokens from the project party’s multi-signature address prior to Pixel’s launch, is believed to

The post Pixel Game Sees Record Surge Amidst Growing Investor Interest appeared first on The Merkle News.

Go to Source

Go to Source

Powered by WPeMatico

Go to Source

Powered by WPeMatico

Go to Source

Powered by WPeMatico