GMX, a perpetual futures trading platform, will be a launch partner and leverage Chainlink’s tech to fuel the decentralized futures exchange.
The Dfinity Foundation’s new platform, Utopia, promises enhanced security and sovereignty for government and enterprise cloud infrastructures.
Toshiuki Otsuka, who founded a snap-to-earn platform, strongly opposed the narrative and argued that NFTs are "evolving."
Despite Coinbase's decision, users can migrate their AI tokens using self-custodial wallets to join the $7.5 billion merger.
The two-year-old layer-1 blockchain is teaming up with the digital assets financial services provider to create new infrastructure options.
With the incorporation of this security measure, EigenLayer seeks to protect the service it offers while guaranteeing its availability to all clients.
Toincoin is a cryptocurrency that uses advanced blockchain technology to ensure efficiency and anonymity while enabling quick, safe transactions.
More fun is in store for filmgoers like Free Renfield The Game and the Excorcist 3: Believer premiums.
Polkadot's new RFC-0092 proposal aims to reduce the unstaking period from 28 days to just two days, enhancing user experience and maintaining network security.
Fox’s Verify protocol is set to transition to its own zero-knowledge blockchain, enabling developers to create authentically provable projects and content.
TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.
XYO co-founder Markus Levin argues that DePINs can make AI more trustworthy, empower users and businesses alike, and usher in blockchain mass adoption.
MetaMask said that 99% of ETH holders do not have the required 32 ETH to participate in Ethereum staking.
Masternodes enable investors to earn a steady passive income by contributing a vast amount of computing power to a blockchain network.
The post Blockchain Monthly Report For May 2024: All You To Need To Know To Stay Ahead appeared first on Coinpedia Fintech News
This Blockchain Monthly Report for May 2024 provides a comprehensive analysis of the top layer 1 and layer 2 blockchains and offers you a clear understanding of the entire blockchain market. We perform a general analysis and an in-depth analysis, in which we analyse the selected blockchains’ economic activity, user interest, development, scalability, latency, cost, …
The latest in blockchain tech upgrades, funding announcements and deals. For the week of June 2, 2024.
Solana could emerge as a leading blockchain for payment institutions. Is a Solana-based ETF next?
Floyd Mayweather, the undefeated boxing champion, seems to be facing a different kind of knockout in the cryptocurrency arena. Blockchain investigator ZachXBT has landed a flurry of accusations, calling Mayweather out for promoting yet another suspicious token project. Related Reading: Dogecoin Creator Drops Bomb: Crypto Market A Playground For Posers Pump And Dump Suspicions This […]
The SEC is safeguarding the economy, but Roger Bayston sees a change in tone at the regulator.
Following the investment, Tether expects close collaboration with Bitdeer across several key infrastructure areas, CEO Paolo Ardoino said.
Consensys CEO Joe Lubin explains why the firm is taking legal action against the SEC, discusses Ethereum’s roadmap and the importance of Vitalik Buterin's continued involvement.
Davido has remained silent amid criticism about pump-and-dump schemes and regulatory scrutiny.
Confidential transfers allow merchants to provide confidentiality for transaction amounts to their consumers while maintaining visibility for regulatory purposes.
DLC.Link CEO Aki Balogh tells The Agenda how DeFi on Bitcoin will unlock BTC’s potential for collateral, yield farming and more.
As a recent Messari report outlined, the XRP Ledger (XRPL) showcased notable progress during the first quarter of 2024. The decentralized public blockchain, which facilitates the transfer of XRP, fiat currencies, and other digital assets, has demonstrated substantial activity. XRP Ledger Burn Rate Slows Amid Low Fees During Q1 2024, XRP, the native token of the XRPL, secured its position as the sixth largest cryptocurrency by market capitalization, reaching $34.1 billion (currently $29M). Despite a slight price decrease, XRP’s circulating market cap witnessed a 1.3% growth quarter-over-quarter (QoQ). Related Reading: Forget Fear, Embrace Greed? Bitcoin Soars As Sentiment Turns Red Hot The XRPL employs a deflationary mechanism by systematically burning transaction fees. This process exerts downward pressure on the total supply of XRP, which stands at 100 billion tokens. Since the inception of the XRP Ledger, approximately 12 million XRP have been burned. However, the low burn rate during Q1 can be attributed to the network’s relatively low transaction fees (less than $0.002 per transaction). Additionally, 1 billion XRP is released from escrow to Ripple each month, with any unutilized tokens being placed into new escrow contracts. This pattern will continue until the remaining approximately 45 billion XRP becomes liquid; at this point, the deflationary pressure from burned fees will be the primary variable affecting supply. While XRP’s price decreased marginally 0.1% QoQ, lagging behind the overall crypto market’s 63.0% increase, it rose 14.8% year over year (YoY). Inscription-Fueled Transactions Propel XRPL Daily Payments The report highlights that revenue in the XRPL is measured as total fees collected by the network, which are subsequently burned, contributing to the redistribution of wealth from transaction fee spenders to XRP holders. Network activity showed significant growth, with active addresses and transactions increasing by 37% and 113% QoQ, respectively. A substantial portion of transaction activity on the XRPL stemmed from inscriptions, a transaction type popularized in early 2023. Over 30 million transactions were sent to a single account by approximately 45,000 accounts engaged in inscription-related activities. According to Messari, inscriptions, facilitated by XRP Script, played a key role in driving the surge in daily payments, which soared 350% QoQ to 2 million transactions. Related Reading: $2.9 Billion In Mt. Gox Bitcoin On The Move For The First Time In 5 Years, Where Is It Headed? Lastly, the report notes that the XRP Ledger blockchain witnessed a net increase of 150,000 accounts, driving the total number of accounts up by 3.1% to 5.15 million in Q1. However, new addresses decreased 12.4% QoQ to 183,000, primarily due to the high number of addresses created in Q4, coinciding with the inception of inscription activity. As of press time, XRP is valued at $0.5279, down 2.5% in the past 24 hours and 3.5% in the past seven days, which is in line with the broader market trend. Featured image from Shutterstock, chart from TradingView.com
This marks the first installment of Starknet’s Catalyst program, aiming to incentivize blockchain development on the network.
Establishing the new role, Polygon co-founder Sandeep Nailwal will increase focus on growing ZK solutions, including Polygon CDK.
Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes.
With StepN Go, users are now able to share their digital sneakers with friends and split the earnings with the new token, the Go Gaming Token.
Blockchain-based Casper Labs will integrate with “wastonx.governance” to provide enhanced security, access and versioning.