The Coinbase-incubated Ethereum layer-2 network Base is showing steady growth, although the rate has slowed since its initial surge. According to the recent data from L2Beat, Base’s total value locked (TVL) is nearly $735 million, exhibiting a 4% rise in the past week. Since its official launch in August 2023, Base Network’s TVL —a metric […]
Paxos, the leading stablecoin issuer, has received regulatory approval from the New York Department of Financial Services (DFS) to launch its products on the Solana blockchain. Paxos said the approval by the financial regulator marks a significant milestone for the evolution and innovation of the firm’s enterprise and consumer-focused operations, according to the details shared […]
In the latest report from Messari comparing the fundamentals of Solana and Ethereum, SOL has showcased an impressive resurgence, outpacing its rival by nearly 300% Year-to-Date (YTD). Despite this, Solana’s valuation stands at just a fraction of Ethereum’s, trading at approximately 9 times lower, with a circulating market cap of $31 billion compared to Ethereum’s $267 […]
Ethereum is riding the wave of a storm of backlash. It’s worth against BTC and Solana on Crypto X December 20, at essentially one-twentieth its value going into last year’s holidays. With declines like this, not seen since April 28 of last year, concerns have been voiced in the past about where Ethereum is headed–and […]
Lisk (LISK), the open-source blockchain network and platform for decentralized applications (dApp), noted its decision to join the Ethereum ecosystem as its layer 2 (L2) platform. In an official blog post, he said it is building the upcoming ecosystem on Gelato’s Rollup and powering it via Optimism OP Stack. Lisk’s Leap to L2: Pioneering Web3 […]
The United States Securities and Exchange Commission (SEC) has postponed its decisions on several proposed Ethereum-focused exchange-traded funds (ETFs). The SEC said on Monday it was “instituting proceedings” for the Grayscale Ethereum Futures Trust and the Hashdex Nasdaq Ethereum ETF. The regulator has called for comments regarding these ETFs to gauge public sentiment and acquire […]
Solana, the proof-of-stake (PoS) blockchain established by Solana Labs in 2018, has surpassed the Ethereum (ETH) network in DEX volume for the first time in history. The data from DefiLlama revealed that Solana has experienced an impressive surge of $1.536 billion in 24 hours, while Ethereum has amassed only $1.164 billion. The weekly change in […]
Bitcoin has staged a strong recovery over the past few days from a significant retracement and has already broken through several key areas of resistance. With the end of 2023 ahead, the crypto space is cluttered with predictions over Bitcoin’s performance in 2024. Ryan Rasmussen, a research analyst working for Bitwise, has gathered next year’s […]
A crucial improvement has been made to the Ethereum system. The =nil; Foundation, a zero-knowledge technology specialist, has launched a new variant type-1 zero-knowledge Ethereum Virtual Machine (zkEVM) compiler. This targets and tackles security issues found in different ZK-driven Ethereum scaling solutions. Future-Proofing Ethereum with =nil; Foundation’s Innovation In an exclusive interview, the CEO and […]