At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon’s MATIC token fell 6% even as the network implemented Ethereum’s fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana’s token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% […]
Ethereum transaction costs, colloquially referred to as “gas fees,” have long been a pain point in the Ethereum community, with many bemoaning that high transaction costs have made Ethereum Layer 1 unusable for the average retail user. A single transaction (such as purchasing an NFT or swapping tokens on decentralized exchange Uniswap) could range from […]
Launched seven months ago, San Francisco-based Allbridge serves as a bridge for transferring assets between Ethereum Virtual Machine (EVM) and non-EVM compatible blockchains. Supported chains include Solana, Avalanche, Fantom, Celo, Polygon, Ethereum, BSC and Terra.
NearPad and Rose will offer incentivized opportunities for users to deposit UST liquidity into the protocols, which can then be accessed by the wider NEAR community. NearPad is a Near-based decentralized exchange and market maker, while Rose is an Aurora-based stablecoin and wrapped assets swap product.
Arsenal said the tokens differed from cryptocurrencies, which are a means of payment, as they were designed for entertainment and to encourage fan participation. The tokens could not, at the time the ads appeared, be traded on the Socios app. The club also denied that the ads were for cryptocurrency investments.
After less than a month of deliberation and voting, two decentralized autonomous organizations (DAOs) have consummated one of the highest-profile mergers in DeFi history. On Tuesday at Ethereum block height 13850929, a vote to merge Rari Capital and Fei Protocol was approved by members of both DAOs. The measure passed by a 93% to 1% […]
Its native RNDR, the payments token that node-runners receive in exchange for their computing power, is already live on Ethereum and the layer-2 Polygon. Superfast layer-1 Solana is next, according to Urbach, who also has his eyes on Metaplex, that ecosystem’s NFT hub.
“We had to think about our more institutional business lines and our national presence as a tech-forward bank,” CEO Sam Sidhu said in an interview. “So, not only for our existing commercial and consumer customers, but also for our fintech customers, and now emerging for our digital asset and crypto customers through our real-time payments […]
As cryptocurrencies continued to recover Tuesday from last weekend’s massive sell-off, Ethereum scaling solution Polygon was among the biggest gainers. MATIC, the native token of the Polygon blockchain, surged from $1.79 on Monday morning to $2.50 over the ensuing 24 hours, a nearly 40% gain. At the time of publication, the price had since dipped […]