Altcoins

The TRON (TRX) DeFi ecosystem counts another milestone in terms of total value locked (TVL). Justin Sun, its founder, made an official announcement on Twitter that TRON’s TVL has surpassed $11 Billion.  In an open letter he wrote on September 4, he mentioned how proud he was of TRON. He also acknowledged the growth that the project has seen since its launch in 2018.  TRON Evidently Grows Recently, TRON has hit the $11 Billion mark because of the general positivity…

Switcheo Network has announced the launching of a non-fungible token (NFT) marketplace under Zilswap. A Zilliqa-based Decentralized finance ecosystem, Zilswap will host the accessible and inclusive NFT environment in collaboration with the Switcheo platform. The Switcheo platform is a second-layer interoperability network. Additionally, it is compatible with the Ethereum network because of the revolutionary powered cross-chain bridge by the network. This will allow minting, trading, and storage of non-fungible tokens (NFTs) on Zilliqa. Banking on NFT The craze around NFT has outgrown the Ethereum…

ELF sees a spectacular surge of 40% in price following the announcement about aelf's imminent release of its mainnet token swap. At the moment, ELF is changing hands for $0.73 and has a market cap of over $400M. The much-anticipated aelf mainnet token swap will take place on September 9 at noon. The three-month event will allow users to swap their ERC-20 ELF tokens for the new mainnet ELF tokens at a 1:1 ratio. Above all, the aelf team will give…

On the 3rd, Solana officially surpassed Dogecoin's market cap and became the 7th largest crypto. Recently, this crypto has been on a serious rise, which recent system upgrades triggered. The trending project looks like it's heading for $150 soon and will most likely displace XRP in a few weeks.  Solana On The Rise Solana is officially the seventh-largest cryptocurrency. This event occurred on Friday Morning when Solana surpassed Dogecoin, the 7th largest asset at the time. The Sol market price at the…

On September 1st, Ethereum CEO Vitalik Buterin tweeted that he hopes Dogecoin moves to a PoS. His Tweet was in response to a question earlier asked by another big player in the financial world. Vitalik said that days after his selection into the Dogecoin Foundation board. Vitalik on Dogecoin and PoS To boost his social score, Vitalik Buterin told his Twitter friends to ask any questions. Unsurprisingly, the most popular questions were about cryptocurrencies. One of the most exciting questions…

Earlier today, Input Output Hong Kong submitted a proposal for an upgrade to the Cardano testnet. The proposal sets out to complete the steps towards the Alonzo hard fork. Moreover, the Alonzo era is significant progress for the chain as it will support smart contracts on Cardano. According to a Twitter thread by IOHK, this upgrade will happen within the next few hours. Furthermore, the network will instigate the hard fork combinator, marking the final stages for the Cardano mainnet…

GamblersPick talked to 1,000 US investors recently on their crypto holdings, how they finance their portfolios and maintain their investments. The survey shows a third of the number consulted Reddit before making their crypto investments. Out of the total number, 35% admitted to having dived into crypto via Elon Musk’s influence. The Influence of Reddit According to survey outcomes, crypto enthusiasts have made funding calls after consulting Reddit. More so, over a 3rd of crypto holders reported getting information there. …

Defi Yield Protocol(DYP), a leading provider of Decentralized Finance (Defi) products and services, has announced the launch of its Buyback program. The program, which went live yesterday, August 4, 2021, at 13:00 UTC, integrates a DYP staking component that the project's customers will find exciting. Information from DYP's website and Twitter handle explain that Participants depositing their funds in the buyback contract will earn 100% APR on their investments. The product is available on the Ethereum, Binance Smart Chain (BSC),…

The much-awaited milestone on the Cardano network is finally here. According to the June updates, Tim Harrison, the marketing director of IOHK, confirmed that the first smart contracts of Cardano's testnet Alonzo are finally up and running. Cardano Smart Contracts The basis of programmable smart contracts in the Cardano network is Alonzo Blue. Alonzo is deployed on the mainnet via multiple testnet so that their partners and pioneers can check Plutus Core during May and June before code freezes by…