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…
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TestnetShardeum Launches Stage 1 of Incentivized Testnet as a Call to Action for Community Engagement
New York, United States, June 25th, 2024, Chainwire Shardeum's Global Community Tests the Limits of Next-Gen Blockchain Tech Shardeum, the autoscaling layer-1 blockchain, announces the launch of Stage 1 of its incentivized testnet, Atomium, slated to commence on June 26th, 2024. The purpose of Atomium is to incentivize users to test the network for bugs, vulnerabilities and performance issues in order to fortify the network ahead of mainnet launch. In Stage 1, Shardeum invites community members to test numerous P2P…
12 months ago
SphereX Announces Testnet Launch to Revolutionize Decentralized Trading
Singapore, Singapore, June 20th, 2024, Chainwire SphereX, a pioneering decentralized exchange (DEX), is thrilled to announce the launch of its testnet. This significant step forward invites crypto enthusiasts and traders to experience the innovative features of SphereX in a secure, simulated environment. The testnet launch marks a pivotal phase in SphereX’s development, setting the stage for a new era in decentralized finance (DeFi). Revolutionizing Trading with Advanced DEX Features In the face of the evolving landscape of centralized exchanges (CEXs),…
12 months ago
ELYMPICS ANNOUNCE TON INTEGRATION AND INCENTIVISED TESTNET AT NEXT BLOCK EXPO, SETTING THE STAGE FOR MASS ADOPTION OF WEB3 GAMING
Warsaw, Poland, June 3rd, 2024, Chainwire Competitive Web3 gaming protocol, Elympics has announced a number of new initiatives which are set to realise the full potential of Web3 gaming and facilitate mass adoption. The announcements were made to an audience of over 1.500 Web3 influencers and enthusiasts at the Next Block Expo (NBX) in Warsaw, Poland and will bring its Compete-to-Earn model to gamers across the world. TON INTEGRATION Michal Dabrowski, Chief Executive Officer (CEO) of Elympics, announced from the…
1 year ago
ELFi Protocol secured $5 million in strategic financing and launched on the Arbitrum testnet
Singapore, singapore, May 20th, 2024, Chainwire ELFi Protocol, a decentralized derivatives trading platform, has successfully completed two rounds of strategic financing, raising a total of $5 million. The latest round with leading investment from IDG Capital and KuCoin Ventures. ELFi Protocol has been launched on the Arbitrum testnet and is conducting an open beta test of the Genesis NFTs. About ELFi ELFi is a decentralized derivatives trading platform that focuses on delivering top-notch trading functionalities. It's the pioneer in supporting…
1 year ago
A New Dawn for IOTA: IOTA 2.0 Testnet Launch Marks a Resurgence in Innovation
IOTA 2.0 launched this week, marking the most significant update in the ecosystem and a resurgence in the innovation that made IOTA a crypto darling nearly a decade ago. The new upgrade gives the network greater ability to impact tokenization, global trade, digital identity and much more as IOTA readies to compete with Ethereum, Solana and other leading networks. It’s been a big week for IOTA. As Crypto News Flash reported, on Wednesday, the network launched the public testnet for…
1 year ago
Stellar Lumens Testnet Advances to Protocol 21: Implications for XLM Price?
Stellar’s Testnet has advanced to Protocol 21, enhancing its smart contract capabilities. This upgrade could significantly impact XLM’s price, especially in the Decentralized Finance (DeFi) sector. On June 18, 2024, validators of the Stellar public network will decide on an essential upgrade to Protocol 21. If approved, this will activate five new Core Advancement Proposals (CAPs) on Stellar’s Mainnet. Currently, the Stellar Testnet has already transitioned to Protocol 21, a crucial development for enabling smart contracts and a key milestone…
1 year ago
Polygon Launches Alpha Testnet for High-Throughput STARK-Based Rollup, Miden
Polygon has unveiled the alpha version testnet of its latest zero-knowledge rollup (ZK-rollup) solution. Polygon adds the Miden scaling solution to the list of others in the Ethereum family, such as PoS Chain and ZkEVM scalability and modularity. Polygon, a prominent player in the Ethereum scaling ecosystem, has unveiled the alpha version testnet of its latest zero-knowledge rollup (ZK-rollup) solution, Miden. This happens during the intense Ethereum scaling arena competition, and blockchain enthusiasts desperately seek solutions for the network’s scalability…
1 year ago
Experience the Future of Liquid Staking: Kintsu Testnet Launches Exclusively on May 13th
London, UK, May 10th, 2024, Chainwire Kintsu, a leading innovator in the DeFi space, is thrilled to announce the launch of its highly anticipated Testnet on May 13th. This exclusive event invites a select group, including the Kintsu OGs, to pioneer a new era in liquid staking on the cutting-edge Aleph Zero blockchain. Aleph Zero is a permissionless Layer-1 blockchain that combines a Proof of Stake (PoS) consensus mechanism with a Directed Acyclic Graph (DAG) for scalability, security, and efficiency.…
1 year ago
Polygon Launches Miden Alpha Testnet: Unlocking Self-Sovereign Innovation
Polygon has launched the highly anticipated Miden Alpha testnet designed to unlock self-sovereign innovation. The testnet brings new exciting features for builders and is expected to eventually connect to the AggLayer. Polygon has shared exciting news with the crypto community, as it revealed that it has launched the Miden Alpha testnet. According to the development team, the testnet is a zk self-sovereign focused chain ready for developers seeking to experiment beyond what’s currently feasible on EVM chains. According to the…
1 year ago