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TON Foundation and Mantle Network Form Strategic Alliance, Advancing EVM-Compatible Layer 2 Blockchain Solutions

TON Foundation and Mantle Network Form Strategic Alliance, Advancing EVM-Compatible Layer 2 Blockchain Solutions

Zug, Switzerland, October 25th, 2023, Chainwire Today, The Open Network Foundation (TON Foundation) has announced a strategic alliance with Mantle Network, a leading Ethereum Virtual Machine (EVM) Layer 2 solutions provider. This agreement positions Mantle Network as a principal ally to TON Foundation towards more interoperable EVM-compatible Layer 2 blockchain

October 25, 2023 3 mins read
Paxos Secures Preliminary Approval from ADGM to Offer Services in UAE

Ras Al Khaimah Introduces New Free Zone To Attract Web3 Firms

One of the Emirates of UAE, Ras Al Khaimah, is taking deliberate effort to broaden its financial landscape. The RAK Digital Assets Oasis (RAK DAO) is a new free zone in the emirate that aims to support and promote the digital and virtual asset industry. The goal of this project

October 19, 2023 1 min read
API3 Expands Verifiable, Decentralized Data Feeds to Five New Chains

API3 Expands Verifiable, Decentralized Data Feeds to Five New Chains

GRAND CAYMAN, Cayman Islands–(BUSINESS WIRE)–API3 recently announced the deployment of its decentralized data feeds (dAPIs) across five new chains: Base, Kava, Linea, Mantle, and Rootstock. This significant expansion reflects API3’s commitment to revolutionizing decentralized finance (DeFi) by supporting as many chains as possible with verifiable, decentralized data feeds maintained on-chain

October 18, 2023 4 mins read
Total Value Locked (TVL) Surge in Ethereum Layer-2 Fuels DeFi Growth

Rollux Introduces Comprehensive Suite of DeFi Tools Backed by Bitcoin

The next stage of Rollux, a novel EVM Layer-2 solution, has been unveiled by SYS Labs, a Web3 product suite powered by Syscoin. Rollux has launched a full suite of DeFi tools, including a ZK-lite client, cross-chain bridges, DEXs, liquidity protocols, yield aggregators, and a launchpad, to establish the groundwork

October 18, 2023 2 mins read
Real USD (USDR) Stablecoin De-Pegs; Plummets to $0.51

Real USD (USDR) Stablecoin De-Pegs; Plummets to $0.51

After its reserves of DAI were depleted, the value of the polygon-based stablecoin Real USD (USDR), which is backed by real estate holdings, plummeted to almost $0.51 within a few hours yesterday. On-chain data revealed by USDR’s creator, Tangible DAO, shows that the treasury has no DAI and that the

October 12, 2023 2 mins read
Unlocking NFT Potential: PayPal's Ambitious Marketplace Plans

Unlocking NFT Potential: PayPal’s Ambitious Marketplace Plans

When you hear “NFT Marketplace”, OpenSea is typically what comes to mind, or Rarible perhaps. But while the ascent of non-fungible tokens (NFTs) was initially celebrated as an innovative frontier within the cryptocurrency industry, the current landscape paints a more subdued picture, with the market experiencing a bearish trend. In

October 4, 2023 3 mins read
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