Solana (SOL) is retaining its increasing pace as it surpasses Polygon (MATIC) in daily decentralized exchange (DEX) volume. According to recent statistics compiled by blockchain analytics platform Artemis, Solana now outpaces Polygon in terms of both daily transactions and total DEX volume. Compared to Polygon’s $137.4 million, Solana’s DEX volume
November 4, 2023 1 min read
NFT trade volume increased by $99 million in October compared to the previous month, according to a research issued by crypto analytics company DappRadar, suggesting that the NFT market is bouncing back. However, there has been significant reductions in staff at renowned NFT marketplace OpenSea as announced on Friday. According
November 4, 2023 1 min read
In the most recent CCData Crypto Exchange Benchmark Report, Bybit—the third-most visited cryptocurrency exchange globally—has received an ‘AA’ grade. As the only centralized exchange to get a “AA” in both categories, Bybit received the highest grades in both spot and derivatives trading. A vital instrument for evaluating the effectiveness and risk management
November 3, 2023 1 min read
Bitcoin’s (BTC) price nearly hit $36,000 for a short period of time recently, injecting fresh optimism into the cryptocurrency market as a whole. The US Federal Reserve’s decision may be a contributing cause to the recent uptick. The decision by the United States Fed to postpone interest rate rises may
November 2, 2023 2 mins read
Vitalik Buterin, co-founder of Ethereum, recently sent 100 ETH to Coinbase, according to the on-chain analytics platform Spot on Chain. Buterin continues sending Ethereum to Coinbase as this is not the first transfer so far this year. 🚨 @VitalikButerin deposited 100 $ETH ($181K) to #Coinbase ~2hrs ago. Notably, since Sep
November 1, 2023 2 mins read
BTCO, the ticker for Invesco and Galaxy’s spot Bitcoin exchange-traded fund (ETF), has been listed on the website of the Depository Trust and Clearing Corporation (DTCC), indicating progress in the application procedure. Since the ETF was not featured on the list on October 25 according to the WayBack Machine’s site
November 1, 2023 2 mins read
With delight, the dYdX Foundation announces the open-sourcing of software for a Bridge User Interface. If implemented, this interface might let users convert from ethDYDX to DYDX, which is the layer 1 (L1) token of the dYdX Chain. The dYdX Ecosystem has lately seen three noteworthy developments: The dYdX Operations
October 31, 2023 2 mins read
When comparing the early stages of the 2020-21 bull run to the present, the rise in the Chicago Mercantile Exchange’s (CME) open interest in bitcoin (BTC) futures and perpetual futures mirrors that of the first few months of the latter year. According to Coinglass, CME has risen from fourth place
October 30, 2023 1 min read
Accelerating rise of Cardano’s total value locked (TVL) on the DeFi landscape is indicative of the network’s growing popularity and utilization. Cardano’s TVL has reportedly exceeded the $250 million mark, an amazing feat. This solidifies its position as one of the most rapidly expanding DeFi ecosystems. Cardano’s rising TVL is
October 30, 2023 2 mins read
The Virtual Asset Management Bill was proposed to the Legislative Yuan, Taiwan’s unicameral parliament, on October 25. The purpose of the legislation is to “properly supervise” the sector and give “better protection” for consumers. The 30-page measure seems to provide reasonable requirements for the sector. Also, it recommends that VASPs
October 27, 2023 2 mins read