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
VeChain Unveils Groundbreaking DAO on Testnet: Participate Now for Mainnet Token Reward
VeChain launches VeBetterDAO, a decentralized autonomous organization (DAO) on its ALPHA TESTNET PHASE, offering participants the opportunity to engage and earn B3TR tokens, convertible to VOT3 tokens upon mainnet launch. VeBetterDAO promotes sustainability in Web3, fostering collective action and rewarding sustainable practices within its ecosystem. VeChain’s latest initiative, VeBetterDAO, is currently in its ALPHA TESTNET PHASE, anticipating a full mainnet launch on June 30, 2024. CNF YouTube Video: VeBetterDAO – Empowering Sustainable Community Governance Engaging with the DAO during this…
1 year ago
Liquid Staking Platform StaFi Launches Testnet Ahead of Its Mainnet Launch
StaFi 2.0 testnet released for developers, stakers and builders. It launches months before the release of its upcoming mainnet launch. StaFi, the liquid staking provider for Ethereum and Cosmos, unveiled its StaFi 2.0 testnet release ahead of its mainnet, which is expected to launch in Q3 this year. The protocol announced it will deploy its Liquid Staking as a Service ( LSAAS) testnet on Wednesday, introducing a host of new features and staking services for its users. The testnet…
1 year ago
Polygon zkEVM Mainnet Beta Resumes Operations following Downtime
Polygon has announced the resumption of its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet beta after it faced downtime following issues with its blockchain sequencer. Polygon also stated that it would follow up with a detailed post-mortem on the incident sometime early next week. Polygon zkEVM Mainnet Beta Resumes Operations Polygon announced the resumption of operations on its official X account, stating that Polygon’s Emergency Council for the zkEVM Mainnet Beta activated the emergency state, allowing the zkEVM’s core team to…
1 year ago
PlayDapp Announces Mainnet Launch: User-Friendly Blockchain for Ecosystem
Hong Kong, Hong Kong, March 25th, 2024, Chainwire The PlayDapp Team announced on March 25 that it plans to launch its long-awaited blockchain mainnet scheduled for April 11 to foster the development and expansion of its ecosystem. PlayDapp has decided to launch its mainnet through the Avalanche subnet to expand its Web3 business. As a result, PlayDapp will move away from supporting the existing public multi-chain to operate an independent chain with self-verification nodes as its mainnet. Avalanche is known…
1 year ago
Venom Foundation Ushers in a New Blockchain Era with Mainnet Launch
In a significant leap for blockchain innovation, the Venom Foundation is excited to announce its mainnet launch with a $VENOM token generation event, marking a pivotal development in digital assets and ecosystems. Venom, as an asynchronous and scalable blockchain, is fostering innovation in finance solutions, having signed various MOUs on different government levels, to explore areas of Central Bank Digital Currencies, fiat-backed stablecoins, and Real-World-Asset tokenization. Venom Blockchain's impressive strides in the industry are underscored by its collaboration with MNG…
1 year ago
Streamr Network 1.0 Mainnet Launches, Fulfilling the 2017 Roadmap’s Vision of Decentralized Data Broadcasting
Zug, Switzerland, March 19th, 2024, Chainwire Streamr has announced the launch of the Streamr Network 1.0 mainnet, a landmark milestone that signifies the completion of the original 2017 roadmap. 1.0 introduces the full deployment of the $DATA token incentive layer, transforming the network into a feature-complete, fully decentralized protocol run and operated by its users. The culmination of over six years of research and development, three rounds of incentivized testnets, and overcoming a technical hurdle that caused a last minute…
1 year ago
Polygon zkEVM Mainnet Beta Back Online After Emergency Fix
Polygon’s beta version of the zero-knowledge Ethereum Virtual Machine (zkEVM) became the latest network to hit a snag, but the team was swift in controlling the damage and applied the necessary fixes. Over the weekend, Polygon reported that its zkEVM encountered downtime because of an issue with its blockchain sequencer. In its latest update, the scaling solution revealed the network resumed operations on March 25th. The Emergency Council for Polygon’s zkEVM Mainnet Beta implemented an emergency status to enable the…
1 year ago
Fyda Revolutionizes DeFi with Mainnet Launch, Redefining the Decentralized Trading Experience
Fyda Finance, a DeFi protocol, proudly announces the successful launch of its Mainnet on Polygon and Arbitrum. This momentous achievement signifies a significant leap forward in the realm of decentralized trading. Revolutionizing Decentralized Trading Fyda Finance stands at the forefront of decentralized finance protocols, dedicated to transforming the way traders interact with decentralized markets. With a primary focus on advanced and secure trading solutions, Fyda utilizes smart contracts to automate trading parameters, providing users with a seamless, user-friendly, secure and…
1 year ago
Buterin Reveals Potential Delays in Deploying Proof-of-Stake Protocol
Ethereum Co-founder Vitalik Buterin has hinted that there could be delays in the transition of Ethereum to the Proof-of-Stake protocol. This was revealed during a question and answer section with community members on Reddit. Ethereum Is Slowly Moving Towards Proof-of-Stake The slow and complicated transition from Ethereum to Proof-of-Stake has long been chronicled. The project has been caught up in issues that have caused delays. However, Buterin believes that developers need to take their time before deploying a new version…
5 years ago