Blockchains
Blockchains
Layer 1 Player Avalanche Offers $180M in Incentives to Woo Defiers
Layer 1 blockchains are making extraordinary offers to attract DeFi protocols and juice liquidity. It was Harmony earlier this week, and now it’s Avalanche. The Avalanche Foundation is offering $180M in liquidity mining incentives to bring more apps into its DeFi ecosystem. The first recipients? Users of the Avalanche-deployed versions of lending platform Aave and…
Blockchains
Solana’s SOL Breaks All-Time High as Ecosystem Comes Together
The Solana blockchain’s SOL token is soaring to an all-time high, climbing the ranks to become the tenth largest cryptocurrency in terms of market capitalization. SOL rallied as much as 38.8 % to $68.24 today, the highest ever. The digital asset is up 3,441.9% this year, compared with 353.3% for ETH and 58% for BTC. …
Blockchains
Ethereum Price Rallies in Lead Up to EIP-1559
The price of Ethereum’s Ether has been rallying in the lead-up to the EIP-1559 upgrade. ETH crossed $2,500 for the first time since June 16 over the weekend — that’s a 47% increase from $1.7K on June 22, the lowest since hitting an all-time high above $4.3K on May 12. Analysts and traders speculate Ethereum’s…
Blockchains
THORChain – Fool Me Twice
Shame on you indeed. Much like the former leader of the free world, one DeFi protocol has had apes in thrall to its narrative of global domination. A force to break down walls between chains and conquer every territory on offer. Thorchain has been the darling of the wokest of woke defi influencers with its…
Blockchains
Is Ethereum REALLY Ultra-Sound Money!?
Okay, so this ultra sound money thang. What is it? Well it’s a meme. A joke from the inner circles of Ethereum communities to describe what’s going to happen to Ethereum as it transforms this year. And we have researcher Justin Drake to thank for its genesis which starts with a single tweet.
Blockchains
Sunday Gas Wars: Ethereum Gas Prices Spike After NFT Frenzy
Ethereum gas prices spiked on Sunday as collectors, bots and apes raced to get their hands on newly launched NFT projects. Gas fees, which briefly hit 600 gwei on Sunday due to demand, were reminiscent of a time when triple-digit gas fees were the norm. Gas fees for minting an NFT cost around $160. Yet,…
Education
1st Look: Arbitrum L2 rollups – Use the bridge, Trade on MCDEX, Failing a lot (Arbiswap, Bancor)
Arbitrum is a L2 scaling solution for Ethereum from Off-chain Labs. It should make it extremely easy for developers to move apps to L2 since no new tooling is required. They just announced their Mainnet Beta so this was a perfect opportunity to get a very first taste of a rollup future. It didn’t go…
Blockchains
Cardano: DeFi’s Dark Horse or Dead Duck?
I have to confess, much like Mr. Cuban I’ve never found myself particularly charmed by Cardano. It’s just never been my jam. But this project is mentioned more than any other in our comments section each and every week. So, I decided to kick my personal biases firmly in the Hoskins and take a good…
Blockchains
Injective Protocol Raises $10M at $1B Valuation From Investors Including Pantera
Injective Protocol, a decentralized derivatives exchange, said it raised a $10M at a $1B valuation from investors including Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly BitMex Ventures), among others. Dallas Mavericks owner Mark Cuban also participated, while Cumberland, DRW’s crypto arm, disclosed its investment in the company. “Raising a sum of money so small relative…
