Price analysis 1/10: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE
Buyers stepped in to buy BTC’s dip to $39,650, but there are signs that the market-wide correction might not be over. Go to Source Powered by WPeMatico
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Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols
On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes … Read more
$2.7 Billion in NFT Sales Recorded Last Month — Ethereum, Ronin, Solana Top 3 NFT Networks
This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $2.73 billion in NFT sales. NFT Monthly … Read more
Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%
Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped 8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84% dominance. Value Locked in Defi Takes a Hit, TVL … Read more
Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network
Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several … Read more
JPMorgan Report States Ethereum Might Lose Defi Dominance Due to Scaling Issues
A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart contracts-enabled blockchains are the ones taking this … Read more
P2E game Nyan Heroes aims to save 1 billion sheltered cats
“We need to realize that building a game is not only about the game play, but about the economic system and how sustainable everything is,” said co-founder Wendy Huang. Go to Source Powered by WPeMatico
Five coins that saw huge gains in 2021
Twelve-month gains for these altcoins range from 673.8% to 29,513,624%. Go to Source Powered by WPeMatico
Ethereum dominates among developers but competitors growing faster
The total monthly active developers measured hit a record high of more than 18,000 but Ethereum retains the largest number of them. Go to Source Powered by WPeMatico
Price analysis 1/5: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, DOT, AVAX, DOGE
Technical analysis and on-chain data hint that Bitcoin is gearing up for a volatile move and traders expect altcoins to follow. Go to Source Powered by WPeMatico