multi-chain – DIGIT INFO

Multichain token plunges 30% on backend upgrade delay

DIGIT — Wed, 24 May 2023 15:25:57 +0000

The MULTI protocol’s TVL remains largely unchanged at $1.6 billion despite a large selloff in the token price.

Trader Joe takes its first step into the Ethereum ecosystem

DIGIT — Fri, 02 Dec 2022 02:21:14 +0000

Despite the new multi-chain vision, the Trader Joe team confirmed that its “true home” and “top priority for all growth efforts” will continue to be on Avalanche.

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Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month

DIGIT — Thu, 19 May 2022 15:00:09 +0000

Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days. Value Locked in Cross Chain Bridge […]

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Polygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users

DIGIT — Sat, 23 Apr 2022 16:30:13 +0000

On April 22, the layer two (L2) scaling network Polygon introduced the new Supernets network, a blockchain protocol that’s built to bolster Web3 technology. Furthermore, Polygon is pledging $100 million to early Supernet users “who can help fast-track adoption.” The announcement details that Supernets is essentially the team’s Polygon Edge network “on steroids.” Polygon Supernets […]

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Interchain Accounts is the biggest upgrade to Cosmos since Stargate

DIGIT — Wed, 16 Feb 2022 23:56:25 +0000

The protocols would enable nearly all aspects of data sharing between blockchain protocols, such as oracle data, governance voting, etc.

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Vitalik Buterin gives thumbs down to cross-chain applications

DIGIT — Fri, 07 Jan 2022 21:35:34 +0000

Ethereum’s co-founder cites “fundamental security limits of bridges” as the key reason for his disapproval.

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Rarible NFT Marketplace Integrates Tezos Blockchain, Will Support Ubisoft Digits

DIGIT — Wed, 15 Dec 2021 17:00:09 +0000

On Wednesday, the non-fungible token (NFT) marketplace Rarible announced that the platform now supports the Tezos blockchain network. The move follows Rarible’s integration with the Flow blockchain protocol in mid-November, and the NFT marketplace now supports a total of three blockchain networks. 8th Largest NFT Marketplace Rarible Adds Tezos Support Rarible says it has expanded […]

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Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days

DIGIT — Sat, 27 Nov 2021 19:00:00 +0000

30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge holds the largest TVL. Cross-Chain […]

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Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days

DIGIT — Fri, 29 Oct 2021 16:30:29 +0000

On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached […]

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Cross-Chain Bridge Value Increases by 89% in Less Than a Month Surpassing $14 Billion TVL

DIGIT — Sun, 10 Oct 2021 14:00:51 +0000

23 days ago on September 16, cross-chain bridges held around $7.79 billion total value locked (TVL) and since then the TVL has increased 89% since then to $14.75 billion. Currently, the top bridges include network connections like Polygon Bridges with $4.5 billion, Fantom Anyswap Bridge with $4.1 billion, and the Avalanche Bridge with $3.2 billion. […]

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