Ripple’s XRP has embarked on a notable upward trajectory since the week’s commencement, signaling a resurgence in buying sentiment within the cryptocurrency market. This positive price action coincides with a significant technological development: the expansion of Ethereum-compatible smart contracts to the XRP ledger. This enhancement promises to unlock new possibilities
Tron’s gas revenue increased by 46.54% in August 2024, reaching $61.43 million according to data from Lookonchain. This surge significantly outpaced other major blockchain networks such as Ethereum, Solana, and Bitcoin, all of which saw declines in gas revenue during the same period. Ethereum’s gas revenue fell by 33.44%, Solana’s
TRON’s native cryptocurrency, TRX, has reached a multi-year high of $0.1681, a level last seen in January 2018. This surge is closely linked to the TRON community’s recent decision to increase the network’s energy cap to 120 billion, a move that has significantly boosted network activity and reduced transaction fees.
Vitalik Buterin, Ethereum’s co-founder, recently voiced his disagreement over the categorization of Polymarket as “gambling.” He believes that this characterization is a significant misunderstanding. According to Vitalik Buterin, prediction markets serve as valuable social epistemic tools, offering unbiased public insight into important events. Unlike traditional media, these markets provide a
Cryptocurrencies are buzzing with potential, and 2024 is shaping up to be a thrilling year for those looking to ride the wave. As the market twists and turns, certain digital assets are emerging as frontrunners, thanks to their groundbreaking tech and eye-catching growth prospects. Whether you’re a seasoned crypto enthusiast
The total amount of USDT tokens minted in the last year by stablecoin issuer Tether has reached $33 billion. Thanks to the addition of 1 billion USDT tokens on the Tron network. According to blockchain data, Tether minted $1 billion worth of USDT to its treasury wallet on August 20th
The Tron network founded in 2017 maintained an average of 7 million transactions per day with over 8.2 billion transactions. This network has now recorded an impressive 7.99 million daily transactions last week. The low gas fee of the network is one of the major reasons for the high number
Prominent blockchain Cardano’s address count with a balance has remained around 4.45 million for over a year, indicating stability but also highlighting challenges in attracting new users. During the last cycle, Cardano positioned itself as a strong alternative to Ethereum, experiencing significant growth. However, in the current cycle, platforms like
Tron (TRX), despite its historical resilience, has not emerged unscathed from the recent cryptocurrency market correction. The digital asset has recorded a 10.51% decrease in value over the past seven days, coinciding with Bitcoin’s descent below the $50,000 threshold. However, recent hours have shown signs of a modest recovery, prompting
In Q2 of this year, Mark Zuckerberg’s Meta Platforms suffered an additional $4.5 billion loss on its metaverse division, Reality Labs. Revenue for Meta’s second-largest quarter ever came in at $49 billion, up 22% year over year, according to an earnings call held on July 31. Moreover, Zuckerberg pointed out
