Category Archives: Binance Smart Chain
Tupan Launches TCT & Equity Token Farming on Binance Chain – Crypto Times
Tupan, a blockchain-based project focused on sustainable bioeconomy and aiding the Amazon rainforest, has announced the launch of its new Binance Smart Chain TCT (Tupan Community Token) and an innovative equity token farming program.
The TCT is not only a utility token but also represents the environmental impact of Tupans projects, creating a sustainable ecosystem connecting traditional markets, blockchain, and investment funds. Bitcoins recent compliance with the SEC and its recognition as an ETF, the crypto market is witnessing a shift in perception regarding volatility and regulation.
Tupan has introduced a program that allows its community to farm an Equity token called Tupan Augreen, representing shares in the ForestAu Green Investment Fund. To participate, users need to own a Tupan NFT and stake it along with TCT tokens, enabling them to earn tokenized shares of the fund, which has a portfolio of projects with high appreciation potential.
The Tupan Augreen tokens are estimated to cost $160,000, offering a unique opportunity for investors to gain exposure to regulation. SEC-approved investment fund focused on sustainable development and environmental conservation.
Also Read: Binance Unveils Luxury Crypto Fragrance for Womens Day
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Tupan Launches TCT & Equity Token Farming on Binance Chain - Crypto Times
Tupan Launches the New Binance Smart Chain TCT – GlobeNewswire
NEW YORK, NY, March 06, 2024 (GLOBE NEWSWIRE) -- Recently, Tupan has announced the launch of the new Binance Smart Chain TCT.
Bitcoin recently surpassed the $46,000 mark on January 8th, due to recent compliance with the SEC and becoming an ETF and consequently a semi-security. This has drawn the attention of the general public to the crypto market once again, and market experience tells us that if the mainstream media has covered it, it's already too late to make significant gains short to mid-term.
Compliance with the SEC was a contributing factor to this resistance break, as it changes the perception people have about the volatility stigma the market still had towards crypto-assets, and by having bitcoin in this position there may be a change of view the market has on tokens, but it also adds the need for a level of regulation towards crypto in the future.
But this is not the first time a cryptocurrency has complied with the SEC. Tupan, a project directed at bringing profitable bio-economy to blockchain while aiding the Amazon rainforest has been in the market since 2019 and was one of the first UN-17-SDG and ESG tokens issued by an investment fund regulated by the SEC USA, reaching $ 7.12 at the time in the Waves blockchain. Now after the last few bearish years, bitcoin finally establishes itself as a security investment, and this sets a trend for tokenized securities.
Tupan has started a never-before-seen program to enable its community to farm an Equity token called Tupan Augreen, which represents the shares of the ForestAu Green Investment Fund. ForestAu Green quotas are estimated to cost $160k and are now available for farming, users only need to own a Tupan NFT and stake it along the community tokens (TCT) to be able to earn tokenized shares of a fund that has a plethora of project with a high chance of appreciation.
Upon further analysis of the Tupan Community Token (TCT), it can be noted that's not only a utility token to be exchanged for digital equity, but also a token representation of the environmental impact for all the projects related to the fund, adding even more value to it, which sets up an entire sustainable ecosystem connecting the traditional market to the blockchain and the investment fund.
To acquire your TCTs before the exchange launch and discover this unique opportunity, join the exclusive list at http://www.tupan.io/launch
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Discord: https://discord.com/invite/AKmdvqKkMz
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Media Contact
Brand: Tupan
Email: marketing@tupan.io
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Tupan Launches the New Binance Smart Chain TCT - GlobeNewswire
BNB Chain vs. Ethereum: who is winning the dapp race? – crypto.news
The competition heats up in the dapp arena as developers weigh Binance Smart Chain against Ethereum. How do factors like scalability and transaction costs affect their decisions?
The blockchain space is fiercely competitive, particularly when it comes to decentralized applications (dapps).
As of Feb. 2, according to data from DappRadar, a prominent analytics platform, Binance Chain (BNB) is at the forefront with 5,215 dapps and a user base exceeding 5.3 million unique active wallets (UAW) over the last 30 days.
Ethereum (ETH), on the other hand, holds the second position with 4,497 dApps, although its user base of approximately 1.36 million UAWs pales in comparison to Binance Chain.
However, Ethereums dapps volume stands at an impressive $115 billion, more than six times Binance Chains $17.5 billion, highlighting Ethereums substantial developer engagement.
Amid this, Xin Jiang, a former Vice President at Binance, proposed that the market might not require further infrastructure enhancements, as dapps could emerge as the next catalysts for the crypto space.
What is happening? Lets dive deeper into how the dapp market is performing, which chains are leading the development frontier, and which sectors are propelling the dapp market to new heights.
According to a report from DappRadar, the dapp industry witnessed an impressive 124% year-over-year increase in its UAW, culminating in a daily count of 4.2 million UAW by the close of 2023.
Fast forward to the beginning of 2024, and the momentum shows no signs of slowing. As of Feb. 1, the dapp industry notched up a new milestone with 5.3 million daily UAW. This represents an 18% surge from the previous month and the highest since 2022.
Breaking down the numbers by industry segments provides insights into the diversification of dapp usage.
Blockchain gaming continues to lead the pack with a steady 1.5 million dUAW, maintaining its dominance from the previous month. This translates to a 28% dominance over the entire dapp ecosystem,
Similarly, the decentralized finance (defi) sector remains strong, holding steady at 1 million dUAW.
However, its not just gaming and finance that are driving growth. The non-fungible token (NFT) space has experienced a notable expansion, with a 4% uptick this month, reaching 697,959 dUAW.
Amid this, the social dapp sector has gained headlines, boasting an impressive 868,091 dUAW. This surge, a 262% increase over the previous month, is largely attributed to platforms like CARV and Dmail Network, indicating a surge of interest in social networking on decentralized platforms.
The growing popularity of social dapps comes in response to increasing worries about data privacy breaches and online scams on traditional platforms.
The acquisition of Twitter by tech magnate Elon Musk in 2022 triggered a wave of discontent among its user base.Subsequent changes, like considering a paywall, led to a drop in monthly active users, expected to continue into 2024.
Amid this, social dapps like Friend.tech gained traction. Launched in Aug. 2023, Friend.tech quickly became a major player in the social crypto scene, with over 100,000 users and $25 million in revenue.
But the shift to decentralized apps isnt just about dissatisfaction with centralized platforms. Analysts highlight that regulatory scrutiny and privacy concerns, particularly in the EU, also drive this trend.
Dapps differ from traditional platforms by avoiding centralized data collection for ads, with some being non-profit and prioritizing user privacy.
However, while decentralized platforms offer more freedom and anonymity, they also attract communities with extreme views, raising concerns about the spread of extremist content.
As of Feb. 26, based on data from DappRadar, CARV, Galxe, and Dmail Network have emerged as the foremost social dapps, gauged by total UAWs in the past 30 days.
CARV and Dmail Network have seen significant growth, with volumes up by 330% and 120%, respectively. However, Galxe has experienced a substantial decline of up to 100%.
When comparing Binance Smart Chain (BSC) and Ethereum in dApps performance, scalability, transaction fees, and consensus mechanisms, we gain insights into their strengths and weaknesses.
BSC stands out for its low transaction fees and high scalability, enabling swift transaction processing at a fraction of the cost compared to Ethereum.
As of Feb. 26, BSC can handle up to 45.3 transactions per second (TPS), a significant improvement over Ethereums current throughput, which remains under 15 TPS but aims for a substantial increase with Ethereum 2.0.
Transaction fees on Ethereum have been a persistent concern, averaging at $0.89 as of Feb. 25. During periods of network congestion, these fees can skyrocket even further, posing challenges for users and developers.
In contrast, BSC offers notably lower transaction fees, averaging at $0.15 as of this writing, presenting a compelling advantage for those seeking more cost-effective blockchain interactions.
Choosing between BSC and Ethereum depends on the specific needs and priorities of dapp developers and users. Each platform has its trade-offs in decentralization, security, transaction speed, and cost.
BSC excels in providing an efficient and economical solution for high-frequency trading and applications requiring swift transaction speeds and low fees.
On the other hand, Ethereums strength lies in its robust decentralization and security measures, along with a diverse array of dapps and a vast ecosystem.
The success of decentralized applications relies on improving user experience to make blockchain-based solutions more accessible. Simplifying interactions, refining interfaces, and incorporating familiar features are crucial to attracting a wider audience.
In todays security-conscious digital world, dapps must also prioritize robust privacy and security measures. Innovations in cryptographic techniques like zero-knowledge proofs and secure multi-party computation will be essential for enhancing security.
While finance and gaming have dominated the dapp scene, there are opportunities for expansion into new areas such as social media, education, and healthcare.
Ultimately, the goal for dapps is mainstream adoption. Achieving this requires not just technological advancements but also educational initiatives to showcase the practical benefits of dapps in everyday life.
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BNB Chain vs. Ethereum: who is winning the dapp race? - crypto.news
Binance Coin Up 11%: BNB Price Targets $500 as Crucial Resistance Breaks, What’s Behind This Surge? – Coinspeaker
The Binance Smart Chain has also witnessed a 7% increase in the number of addresses engaging with its dApps over the past 30 days.
On December 26, the native cryptocurrency of the Binance Smart Chain registered an 11% increase in price, reaching its highest value since June. This pattern reflects a continuation of the trend that began last week when the price surged from $233 to $277, an 18% increase, before closing around $264. Although the price is currently experiencing a minor retracement from yesterdays gains, the overall trend appears poised for further bullish moves, with BNB having increased by over 14% this week.
The sudden price increase has surprised many observers, considering the challenges currently faced by Binance. The companys founder and former CEO Changpeng Zhao pleaded guilty to money laundering, resulting in billions of dollars in fines on the crypto exchange and significant personal penalties. As the case remains unresolved, the potential for additional fines and the risk of the former CEO facing up to 18 months in jail looms.
Typically, when such issues arise, people tend to distance themselves from the involved company, as evidenced by the significant withdrawals from Binance in the days following the incident and the bears pushing the price down from $272 to $228 last month. Despite all these, BNB bulls have remained resilient, driving the price beyond the November high.
A careful analysis of the price action reveals that BNB is breaking out of a falling wedge pattern that has constrained its price since January 2022 when the downward and sideways trend began. A successful retest of this pattern could propel the price upward, targeting the top of the channel at around $500. However, this upward movement may encounter some minor resistance at key levels.
Additionally, this analysis aligns with the assessment of a prominent crypto analyst Captain Faibik who shared it with his 75,000 followers on his X account.
The Binance Smart Chain has witnessed a 7% increase in the number of addresses engaging with its dApps over the past 30 days. However, this alone may not sufficiently explain the unexpected rise in price.
However, given that Binance is the largest cryptocurrency exchange in the world by daily trading volume, it follows that the overall health of the crypto market would impact the price of BNB. If the market performs well, accompanied by high demand and positive news, the demand for BNB on Binance is also expected to increase, as the coin serves various functions within the ecosystem.
With major cryptocurrencies experiencing price increases since October, and some like Solana sustaining stable surges, the crypto market is displaying upward price momentum and positive sentiment.
As BNB is used for payment and to access certain privileges on Binance, such as being a verified merchant on Binance P2P, its price is expected to rise alongside increased adoption. It is worth noting that BNB may have experienced even greater price spikes had there not been significant withdrawals from Binance a few weeks ago.
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Binances USDT exodus triggers suspicion: Will it increase FUD? – AMBCrypto English
Binance [BNB] has been the subject of FUD (Fear, Uncertainty, and Doubt) of late due to reports about fines and Changpeng Zhao stepping down. Additionally, recent data from IntoTheBlock revealed a significant outflow of the stablecoin Tether [USDT] from Binance.
This outflow was over $100 million, and it marked the highest withdrawal in over three months. While previous instances showed spikes in USDT leaving the exchange, they were not over $50 million.
The current withdrawal volume could be routine market activity, but any surge raises suspicion, given the recent developments concerning the exchange.
BNB has been understandably affected by the ongoing changes within the exchange. Since it experienced a more than 10% decline in value, it has struggled to regain the $250 price range.
At the time of this update, it was trading around $233, with a slight increase of less than 1%. The Relative Strength Index (RSI) confirmed a bear trend, with the RSI line positioned below the neutral line.
However, the trend stabilized following a peak in BNBs trade volume it surpassed $2 billion, according to AMBCryptos analysis of Santiments chart.
As of this writing, the trade volume was around $644 million. This decline in volume suggested a reduction in BNBs trading activity.
Regardless, AMBCryptos examination of the trading volume across all exchanges in the past 24 hours showed that Binance continued to have more daily transactions than other exchanges.
According to CoinMarketCap, Binance recorded a trading volume of over $11.7 billion within 24 hours. The exchange with the second-highest volume was Coinbase, with over $2 billion.
How much are 1,10,100 BNBs worth today?
AMBCryptos examination of the Binance Smart Chain (BSC) also showed that there had been no significant alteration to its Total Value Locked (TVL) as of press time. Despite price and exchange volume fluctuations, BNBs TVL has remained relatively unaffected.
As of this writing, the TVL was around $3 billion, with a slight upward trend.
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Binances USDT exodus triggers suspicion: Will it increase FUD? - AMBCrypto English
CoinGecko Expands Crypto API Offering with Zash Acquisition – CoinGecko Buzz
Were thrilled to announce our latest milestone were expanding our crypto data API offering with our first-ever acquisition of industry-leading NFT data infrastructure & intelligence company, Zash.
Founded by CEO, Parit Patel and CTO, Efe Surekli in 2021 at Entrepreneur First, Zash provides enterprise-grade, indexed NFT data across 87 unique marketplaces on Ethereum, Polygon, Binance Smart Chain, Solana andBitcoin Ordinals. Zash covers NFT metadata, historical trades and lending data, and additionally deploys advanced data science techniques through its proprietary algorithms to detect wash trades at scale.
Were thrilled to complete the sale to CoinGecko we can think of no better home to preserve the legacy of what weve built, than the outstanding brand CoinGecko has developed in the cryptocurrency space, over nearly a decade, Parit commented. We believe that NFTs will continue to evolve and unlock new use cases globally, creating value for companies and consumers. We foresee our NFT data infrastructurewell-positioned at CoinGeckoplaying a pivotal and impactful role in shaping this industrys future.
At CoinGecko, we hold the vision where any asset that can be tokenized, will be tokenized. In that same vein, we believe that NFTs will continue to innovate and unlock new opportunities worldwide. Acquiring Zash will allow us to supply you with fungible & non-fungible token (NFT) data seamlessly in one integrated offering. This is in line with our commitment to provide you with the most reliable, comprehensive and accurate cryptocurrency data, and brings us a step closer to empowering the decentralized future.
After evaluating all existing NFT data providers in the space, Zash stands out as unparalleled. Within 3 years, they have built a remarkable product with the most comprehensive NFT data coverage in the market, and commercialized with top tier clients with a lean team, noted TM Lee, CEO and co-founder of CoinGecko. This acquisition aligns with our commitment and dedication to deliver exceptional value to the crypto community, starting with a unified token and NFT market data offering.
Well be incorporating new endpoints into our crypto data API by Q2 2024, covering:
If youre interested in trying out these new NFT data API endpoints, do sign up to get waitlisted.
Additionally, Zash's NFT data infrastructure will be incrementally incorporated into ourNFT floor price tracker next year.
We celebrate what Zash has built and warmly welcome the team to CoinGecko. Looking ahead, were committed to a smooth transition and will continually enhance your crypto data API experience with us!
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CoinGecko's editorial team comprises writers, editors, research analysts and cryptocurrency industry experts. We produce and update our articles regularly to provide the most complete, accurate and helpful information on all things cryptocurrencies.Follow the author on Twitter @coingecko
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CoinGecko Expands Crypto API Offering with Zash Acquisition - CoinGecko Buzz
Sergey Kondratenko: blockchain and decentralised finance (DeFi … – Surinenglish.com
Friday, 24 November 2023, 07:27
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Blockchain technology has had a significant impact on the financial sector in recent years. According to fintech expert Sergey Kondratenko, blockchain acts as a decentralised digital ledger. It enables secure and tamper-proof transactions without the need for intervention from banks and other financial institutions. This innovation has had a significant impact on fintech companies in various industries.
According to analysts, the volume of the global blockchain market in fintech will reach $580.97 billion by 2032, compared to $2.12 billion in 2022. This growth is due to several factors: the active adoption of blockchain technology by financial institutions, growing requirements for security and transparency of transactions, as well as the increasing popularity of cryptocurrencies.
Sergey Kondratenko is a recognised specialist in a wide range of e-commerce services with experience for many years. Now, Sergey is the owner and leader of a group of companies engaged not only in different segments of e-commerce, but also successfully operating in different jurisdictions, represented on all continents of the world. The main goal is to drive new traffic, create and deliver an online experience that will endear users to the brand, and turn visitors into customers while maximizing overall profitability of the online business.
Sergey Kondratenko: What is blockchain and how is this technology used?
Blockchain technology is based on a structure that stores records of transactions (blocks) in multiple databases (often called chains) on a peer-to-peer network.
Each transaction in this system is authenticated using the digital signature of the owner, which guarantees its authenticity and protects against forgery. This ensures a high level of security of information in the digital registry, explains Sergey Kondratenko.
Blockchain technology at its core is a sequential chain of blocks, each containing a certain amount of data. These blocks are closely linked to each other using cryptographic methods and form a chronological chain of information.
According to Sergey Kondratenko, one of the key components of the blockchain is blocks.
Blocks. Each block in the blockchain contains these three main components:
- A header with metadata such as a timestamp, which is generated using a random number during the mining process, and a hash of the previous block, ensuring the integrity of the chain.
- Data section. Basic information is stored here - transactions and smart contracts. This data is relevant and important for the functioning of the blockchain.
- Hash. Finally, each block has its own unique hash. It represents a cryptographic value that is used to verify the integrity of a block. This hash ensures the security of the data on the blockchain.
Block time is another component of the blockchain. This is the interval required to create a new block in the blockchain, the connecting link.
Different blockchains may have different lock times, ranging from a few seconds tominutes or hours. Shorter blocking times help confirm transactions faster, but may result in more conflicts. On the other hand, longer blocking times increase transaction confirmation times but reduce the likelihood of conflicts, reports Sergey Kondratenko.
Hardforks, decentralisation, completeness and openness are the characteristics of the blockchain that Sergey Kondratenko pays attention to.
Hard forks. In the world of blockchain, a hard fork is a situation where an uncoordinated change to the blockchain protocol occurs, causing the chain to split into two separate branches. This happens when network nodes cannot reach consensus on changes. Hard forks can lead to the creation of new cryptocurrencies or the splitting of existing ones, and their resolution requires the consent of network participants.
Decentralisation is a key characteristic of blockchain technology. In a decentralised blockchain system, there is no central control authority, and decisions are made collectively by network nodes. They jointly verify and approve transactions that will be entered into the blockchain. Decentralisation increases transparency, trust and security, and reduces the risks of data manipulation.
Completeness means that transactions once approved and included in a block become immutable and cannot be reversed. This blockchain feature ensures data integrity, security and prevents double spending.
Openness. Blockchain technology makes it available to anyone who wants to participate in the network, subject to the rules of consensus. It promotes inclusivity, transparency and innovation by allowing for the participation of different stakeholders in the system
How does blockchain technology work?
In recent years, many companies around the world have been integrating blockchain technology. Sergey Kondratenko says that it combines three important components:
- Cryptographic keys are the most important part of the blockchain. They include public and private keys that provide security and authentication for transactions between participants.
- Peer-to-peer network with shared registry. The essence of blockchain is a peer-to-peer network where many participants have access to a common ledger. It contains information about transactions and records of the network.
- Blockchain uses computational means to store, validate transactions and records on a network.
Cryptographic keys play an important role in providing secure digital identities. In the context of cryptocurrencies, this allows participants to authorise and control transactions using a digital signature.
Sergey Kondratenko: Technical Basics and Security in DeFi
DeFi, or decentralised finance, is a new and rapidly growing field in the world of cryptocurrencies and blockchain. Sergey Kondratenko draws attention to the fact that DeFi provides the opportunity to create and manage financial instruments and services without the involvement of traditional intermediaries such as banks and brokers.
The expert draws attention to the following technical features of DeFi:
Blockchain. DeFi is based on blockchain, which is a distributed and reliable ledger of transactions. Ethereum is one of the most popular blockchain platforms for DeFi, but there are others such as Binance Smart Chain, Solana and others.
Smart contracts. Ether smart contracts are the basis of DeFi. These are program codes that are executed automatically under certain conditions. Smart contracts ensure the autonomy and reliability of DeFi platforms.
Decentralised applications (DApps). DApps are built on top of the blockchain and use smart contracts to provide various financial services such as exchange, lending, staking and others.
Sergey Kondratenko also says that DeFi projects are susceptible to various threats, including smart contract hacking attacks, attacks on the blockchain consensus mechanism, phishing and others. Attackers can steal user funds and manipulate markets. For example, in 2022, a significant portion of the stolen funds, amounting to $3.1 billion, were associated with DeFi protocols, which made up 82.1% of the total assets stolen.
In order to prevent this, the specialist suggests listening to a number of relevant tips when using DeFi
Audit and testing. Before launching a DeFi project, it is extremely important to conduct an audit of smart contracts and thorough testing to identifyvulnerabilities and errors in the code.
Whitelists and multi-signature wallets. Many DeFi projects use whitelists to restrict access to certain features or addresses. Multi-signature wallets also provide an additional layer of security by requiring the consent of multiple keys to complete transactions.
Decentralised forums and auditors. The DeFi community is actively collaborating in identifying and fixing vulnerabilities. Independent auditors and agencies also help ensure safety.
Training and awareness. DeFi users should do their research on the project they are investing in and only use trusted and secure platforms.
The world of banking and fintech in general is in the process of constantly introducing dynamic innovations. Banks and neobanks, fintech startups, tech giants such as Google, Apple and Amazon are forced to constantly adapt to change. Blockchain and DeFi help with this. Sergey Kondratenko emphasizes that their decentralised and immutable nature makes their use in banking an attractive prospect for financial institutions. They have the opportunity to improve transparency, security and inclusion of financial services.
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Top 10 Cryptocurrencies to Watch in 2024 – Analytics Insight
Embark on a journey into the dynamic realm of cryptocurrencies as we unveil the Top 10 Cryptocurrencies Shaping 2024. In this comprehensive guide, we delve into the ever-evolving landscape of digital assets, dissecting market trends, potential investments, and future developments. As the crypto sphere continues to redefine the financial landscape, staying informed is paramount. From the enduring dominance of Bitcoin to the transformative upgrades of Ethereum and the innovative ecosystems of Binance Coin and Cardano, we navigate through the intricacies of each contender. Join us as we explore the narratives, challenges, and promising trajectories that these top 10 cryptocurrencies present, providing insights to guide you through the fascinating world of crypto investments in the upcoming year.
Bitcoin, often referred to as digital gold, remains the flagship cryptocurrency. With a fixed supply of 21 million coins and growing institutional acceptance, Bitcoin continues to be a cornerstone of any cryptocurrency portfolio. As we head into 2024, developments such as the implementation of the Taproot upgrade and broader adoption may further solidify Bitcoins position.
Ethereum, the pioneer of smart contracts, is undergoing a major transformation with Ethereum 2.0. This upgrade aims to improve scalability, security, and sustainability. The transition from proof-of-work to proof-of-stake is expected to make Ethereum more energy-efficient and could lead to increased adoption of decentralized applications (DApps) on its blockchain.
Binance Coin, the native cryptocurrency of the Binance exchange, has shown remarkable growth. Beyond its use for trading fee discounts, BNB is an integral part of the Binance Smart Chain (BSC). As decentralized finance (DeFi) and non-fungible tokens (NFTs) continue to rise, BNBs utility within the Binance ecosystem could drive its value.
Cardano has gained attention for its focus on scalability, sustainability, and interoperability. With the deployment of smart contracts through the Alonzo upgrade, Cardano aims to compete with Ethereum in the decentralized applications space. As the Cardano ecosystem matures, ADA could emerge as a strong contender in the smart contract platform arena.
Solana has emerged as a high-performance blockchain, boasting fast transaction speeds and low fees. Its ecosystem has seen rapid growth, with various DeFi projects and NFT marketplaces choosing Solana for their operations. If Solana can maintain its momentum and address any scalability challenges, it could remain a key player in the blockchain space.
Polkadot focuses on interoperability, allowing different blockchains to seamlessly connect and share information. With its unique parachain architecture, Polkadot aims to facilitate communication between blockchains. As more projects build on Polkadot and its parachains go live, DOT could play a crucial role in shaping the future of a multi-chain ecosystem.
Ripple and its XRP token have positioned themselves as disruptors in the traditional banking sector. With a focus on facilitating fast and cost-effective cross-border payments, Ripple has forged partnerships with major financial institutions. Regulatory developments will play a pivotal role in determining XRPs trajectory in 2024.
Chainlink plays a crucial role in the decentralized oracle space, connecting smart contracts with real-world data. As smart contracts become more prevalent, Chainlinks secure and decentralized oracles could become increasingly vital. The integration of Chainlink across various blockchain platforms is a trend to watch.
Often referred to as digital silver to Bitcoins gold, Litecoin has been a part of the cryptocurrency landscape for years. With its focus on fast and low-cost transactions, Litecoin continues to have a role in the cryptocurrency ecosystem. Updates and developments to enhance its scalability and privacy features could influence LTCs performance in 2024.
Avalanche aims to provide a highly scalable and customizable blockchain platform. Its architecture allows the creation of custom blockchain networks, making it attractive for developers and enterprises. If Avalanche can continue to attract projects and users seeking scalability and flexibility, AVAX could experience significant growth in 2024.
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Top 10 Cryptocurrencies to Watch in 2024 - Analytics Insight
Bitdeal Unveils Cutting-Edge Multichain NFT Marketplace Development Solutions – WhaTech Technology and Markets News
Bitdeal, a prominent NFT Marketplace Development Company, announced the launch of its new Multichain NFT Marketplace development services.
Bitdeal, a leading NFT Marketplace Development Company, announced the launch of its new Multichain NFT Marketplace development services.
With 8+ years in blockchain technology and NFT Solutions, Bitdeal offers customized solutions for NFTs and blockchain creation, Likewise, They stepped into a new era which is nothing but Multichain NFT Marketplace development services from conceptualization and design to full-fledged deployment on preferred blockchain networks like Ethereum, Binance Smart Chain, Polygon, etc.
The company will now offer end-to-end Multichain NFT Marketplace creation, from conceptualization to launch and beyond.
Bitdeal's Multi-Chain NFT Marketplace Development Services include:
Multi-Chain Marketplace Design
At Bitdeal, It specializes in crafting NFT marketplaces that seamlessly support multiple chains. Its expert NFT marketplace developers embed the capability for the product to operate across various blockchain networks.
This design choice enhances the overall development process, providing a versatile and inclusive platform for NFT enthusiasts.
Discrete Smart Contract Development
Security is paramount in the world of NFTs, and at Bitdeal, they prioritize it through discrete smart contract development. For each chain they engage with, its dedicated team ensures the creation of secure smart contracts.
This approach serves as the backbone of security for the NFT marketplace, instilling confidence and trust in the ecosystem.
Multi-Wallet NFT Marketplace Development
Understanding the diverse crypto backgrounds of their user base, they implemented a user-friendly multi-wallet solution.
With a focus on accessibility, Its multi-wallet solution caters to participants with varying levels of crypto expertise.
Multi-Chain Marketplace Deployment
As a premier multi-chain NFT marketplace development company, Bitdeal excels in deploying solutions that ensure seamless, cohesive operations across wallets and chains. Bitdeals expertise is facilitating an efficient experience for all participants, promoting ease of use and accessibility.
For further details and inquiries about Bitdeals comprehensive Multi-Chain NFT Marketplace Development services, please visit its website or contact Bitdeals team.
"We're thrilled to expand into Multichain NFT Marketplace development and bring our expertise team to this important capability," said the CEO of Bitdeal. "NFTs are increasingly being used for new models of value transfer and unlocking advanced features.
With our seasoned team, we can now empower organizations and projects with bespoke NFT Marketplace crafted for their needs."
About Bitdeal:
Bitdeal is an award-winning NFT Marketplace Development Company founded in 2015. With offices in India and the United States, the company offers a full suite of enterprise NFT Marketplace Development solutions, now stepping into Multichain NFT Marketplace development services.
Bitdeal has worked with clients ranging from government agencies to major corporations and startups globally.
To learn more about Bitdeal's new Multichain NFT Marketplace development development services, visit http://www.bitdeal.net/multi-cevelopment
Talk To Us:
Phone Number: +919677555651
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DeFi TVL down 30% YoY yet liquid staking and Tron based projects … – CryptoSlate
The total value of assets locked (TVL) on decentralized finance (DeFi) projects recorded a 30% year-on-year decline to drop to its lowest point for this year at $36.95 billion, per data from DeFillama.
While DeFi projects started the year strongly, peaking at more than $52 billion in April, the sector has witnessed six months of consistent underperformance, dragging it to its current low.
In the ever-evolving landscape of the DeFi sector, liquid staking projects have emerged as a beacon of resilience, contrasting with the broader decline seen in other DeFi categories.
Despite the prevailing bearish sentiments, liquid staking projects have thrived, returning almost 300% from their 2022 low to nearly $20 billion in TVL, according to DeFillama data. As of the latest figures, TVL now stands at $17.67 billion.
Lido is the dominant player within this niche, maintaining over 50% of the market share, outpacing major contenders like Binance, Coinbase, and Kraken, as per insights from Nansen data shared with CryptoSlate.
The Tron network, too, has witnessed significant growth in its DeFi projects, with their contribution to the overall TVL hitting an all-time high of 18.23% from the 6.5% recorded earlier in the year.
On-chain sleuth Patrick Scott attributed Trons increased TVL to the growth of the first Real-World Assets (RWA) on the network, stUSDT. According to DeFillama data, the projects TVL is nearing $2 billion in just four months since its launch.
However, CryptoSlate reported that the project has come under scrutiny, primarily due to its governance and transparency, while some of its claimed partners, like Tether (USDT), have denied any affiliations.
Meanwhile, Ethereum remains the primary platform for DeFi projects and applications, controlling more than 50% of the market. Other networks like Binance Smart Chain, Polygon, Arbitrum, and others also host many projects.
As the TVL has flatlined, DeFi projects have encountered another challenge: a decrease of approximately 2.5 million active monthly users throughout the year, Altindex reported, citing a Dune Analytics dashboard by rchen8. Per the report, the decline commenced in May and has maintained a downward trend.
In May, the DeFi sector boasted over 3.8 million monthly users, but by October, this figure had dwindled to around 1.15 million, compared to the 2.7 million users reported the previous October. Overall, monthly unique users have dropped by 66% from the all-time high of 7.51 million recorded in November 2021.
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DeFi TVL down 30% YoY yet liquid staking and Tron based projects ... - CryptoSlate