Day: April 1, 2021

Enjin Introduces NFT-Focused Blockchain

Enjin has revealed more details about their NFT-focused blockchain, Efinity Network, which was announced earlier this month alongside their “high-speed bridge network” scaling solution, JumpNet. Efinity Network will be built as a parachain (ie: an offshoot blockchain) on the Polkadot network. Enjin plans Efinity Network to be a cross-chain highway for NFTs, capable of supporting …

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Filecoin Rallying The Most Among Largest Crypto Tokens

Filecoin’s token is soaring by the most in all of crypto.  FIL  has jumped 168% to $231 in the last week, the most among the top 100 tokens listed on CoinGecko. The project raised $52M in a presale and $205.8 million dollars in an ICO during the 2017 crypto boom only to largely fall off …

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Aave Sets Sights on Scalability with Polygon

Aave, DeFi’s third-largest protocol by assets in its smart contracts, will be expanding onto the Polygon network as it aims to improve scalability. Need for Scalability Consistently high gas fees, while indicative of Ethereum’s growing success and adoption, have the downside of pricing out smaller investors, Aave said in a March 31 blog post. In …

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DeFi Quietly Doubled By Most Metrics in Q1

While searches for “NFTs” have outpaced those for “DeFi” by seven to one at the close of 2021’s first quarter, DeFi has quietly doubled or tripled by most key metrics. Deposits in Ethereum-based DeFi more than doubled to $37.7B from $16.6B at the start of the year, according to DeBank, besting 2020s Q4’s 90% increase …

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