Solana’s transaction fees have soared to new heights, largely driven by a surge in meme coin activity on its decentralized exchanges (DEXs). This trend underscores the blockchain’s unique fee model, which sustains its low-fee structure for general users while generating higher fees from specific high-demand transactions. On Oct. 24, transaction-related ... Read more
Uniswap (UNI), the decentralized exchange protocol, is currently undergoing a period of consolidation after a significant downtrend. Technical analysis suggests that the cryptocurrency might be entering a phase of accumulation, paving the way for a potential price reversal. Its current price action suggests that it could be poised for a ... Read more
Cryptocurrency adoption in sub-Saharan Africa has been on an upward trend and was involved in 2.7% of the global transaction volume in the period between July 2023 to June 2024. While this is the lowest percentage of the global crypto economy, the region has seen a $7.5 billion increase in ... Read more
In a recent analysis, Zach Rynes highlighted the unique way Aave’s decentralized stablecoin, $GHO, utilizes Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for cross-chain token transfers. Given that GHO is exclusively issued on Ethereum, all cross-chain transfers occur via canonical wrapped tokens, fully backed by GHO on Ethereum through CCIP, ensuring fungibility ... Read more
Ethereum has now recorded its highest network growth in the last four months, as revealed by analytics blockchain platform Santiment. On Sunday, which is usually a low activity day 126,210 new ETH wallets were opened suggesting an increase in usage and confidence in the network. This new wallet creation surge ... Read more
In a bold and potentially revolutionary move, Rune Christensen and Stani Kulechov have launched the Sky Aave Force. This ambitious initiative is aimed at speeding up the process of integrating DeFi into TradFi, which can completely change the world of credit and finance. The main goal of Sky Aave Force ... Read more
In a development that awakened the cryptocurrency market, more than $1 billion in Tether (USDT) was redeemed from exchanges in the past day. IntoTheBlock analytics platform pointed to this massive outflow, which some people are concerned may affect other cryptocurrencies since it is the largest withdrawal of USDT since May. ... Read more
