Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
mainnet
Asia’s Kaia Blockchain Launches On Mainnet Aiming To Connect Millions To Web3 Services
Developed by two of Asia’s largest messaging apps, Kakao and LINE, Kaia’s mainnet launch signals a new opening for millions of users to Web 3 services. In an announcement this week, Kaia, a high-performance layer 1 blockchain aiming to bring innovative Web 3 services to users across Asia, confirmed the launch of its long-awaited mainnet. The mainnet launch coincides with the unveiling of the Kaia Wave Builder support program, designed by Kaia and LINE NEXT “to accelerate consumer adoption of…
9 months ago
Babylon Launches Bitcoin Staking in Mainnet, Sparking Airdrop Speculations
Babylon has unveiled a Bitcoin staking program, establishing a new precedent in the crypto sector. This strategy allows users to stake Bitcoin while retaining custody, offering a transformative way to utilize a $1.2 trillion asset without surrendering control. That being said, some speculate that Babylon is akin to EigenLayer for Bitcoin. Babylon Bitcoin Staking Max Limit Hit The initial phase of the staking process involves submitting transactions to the Bitcoin blockchain. These transactions activate a self-custodial staking script that locks…
10 months ago
Aave Launches on Era Mainnet Powered by ZKsync
London, United Kingdom, August 21st, 2024, Chainwire Expansion Enables Greater Access to Liquidity and New Institutional Use Cases Aave, the leading DeFi protocol governed by the Aave DAO, today announced the launch of Aave V3 on Era Mainnet powered by ZKsync. With efficient and secure transactions provided by ZKsync technology, the launch of Aave V3 on Era is poised to bring liquidity and yield generation capabilities to the Elastic Chain ecosystem. Users of Aave will gain access to advanced zero-knowledge…
10 months ago
FLOKI Unveils Major Announcement: Telegram-based Trading Bot Is Live On Mainnet!
The post FLOKI Unveils Major Announcement: Telegram-based Trading Bot Is Live On Mainnet! appeared first on Coinpedia Fintech News The FLOKI team has announced the mainnet launch of its Telegram-based Trading Bot on the mainnet of three blockchains- Ethereum, BNB, and Base. The Trading Bot lets users purchase cryptos across three blockchains directly from their Telegram. It is equipped with multiple languages. Also, users can integrate the bot with their favorite DEX aggregator to get the best prices when purchasing…
10 months ago
FTM: Core Proposals Spark 16% Rally Ahead Of Sonic Mainnet Launch – Details
Fantom’s migration to Sonic is now underway, putting the platform under the spotlight which caused FTM, the native token of Fantom, to jump. According to CoinGecko, FTM gained more than 17% since last week, representing the hype their network migration caused within the community. The new Sonic Labs is poised to continue Fantom’s legacy as four core proposals are now underway for the eventual release of the Sonic mainnet. If passed, the proposals will provide users and developers with a…
10 months ago
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mainnetAleph Zero Launches Its EVM-Layer on Mainnet
Zug, Switzerland, August 12th, 2024, Chainwire Aleph Zero launches its ultra-fast Ethereum-compatible layer-2, expanding its privacy tools and new apps compatible with the world’s biggest web3 ecosystem. Aleph Zero — a blockchain ecosystem engineered for speed, data confidentiality, and ease of development — today announced the mainnet launch of its new EVM-compatible Layer-2 solution. This significant milestone marks Aleph Zero's expansion into the Ethereum ecosystem, which will expedite the development and broaden the reach of its zkOS privacy-enhancing solutions. The…
10 months ago
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mainnetStarknet (STRK) Holders Not Throwing in the Towel Ahead of Major Mainnet Upgrade
Ethereum layer-2 network Starknet (STRK) has struggled since its token launch in February. This issue is one reason only 8% of STRK holders are in profit. Despite the drawdown, it appears that the cryptocurrency holders have decided to test the waters by steering clear from selling. Meanwhile, this on-chain analysis reveals more. Starknet Hopes to Reclaim Its Lost Fortunes A few days ago, Starknet disclosed the successful launch of the Parallel Execution and Block Packing upgrade on Testnet. The upgrade, geared…
10 months ago
Sui Sets The Standard for Blockchain Speed with New Mainnet Consensus Mechanism
Grand Cayman, Cayman Islands, August 6th, 2024, Chainwire Sui’s new Mysticeti protocol cuts consensus latency to 390 ms, elevating its industry-leading tech and developer stack to new highs. Sui, the pioneering Layer 1 blockchain known for industry-leading performance and infinite horizontal scaling, today announced the successful deployment of Mysticeti on Sui Mainnet after a successful run on Testnet. This innovative protocol cuts consensus latency to an astonishing 390 milliseconds, establishing Sui as the fastest consensus layer in the industry. Developed…
10 months ago
Zircuit Launches Mainnet Phase 1 And Rolls Out ZRC Airdrop Season 1
George Town, Grand Cayman, August 5th, 2024, Chainwire Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, a first-of-its-kind program that rewards ZRC and a chance to win large prizes in proportion to gas spent on the Zircuit network. To reward users who participated in its highly successful staking program with over $2B staked, Zircuit also opened Season…
10 months ago