Category: Altcoin
Polkadot user engagement records despite declining prices
As of the end of April, the network had approximately 650,000 active addresses on-chain, according to data from DotLake. The increase maintains the upward trend that saw the quantity of…
Polygon Labs and Espresso collaborate to address rollup interoperability
Developer of shared sequencers Espresso Systems and Ethereum layer-2 scaling solution Polygon Labs have teamed up. The partnership aims to develop and create an aggregating layer (AggLayer) that may be…
AgriDex, a tokenization company located in Solana, wants to airdrop tokens after raising $5 million
AgriDex, a company centered on tokenizing agricultural commodities and situated in Solana, has raised $5 million in a pre-seed fundraising round. African Crops Limited, Oldenburg Vineyards, and Hank Oberoi—a former…
zkSync ‘hyperchain’ Sophon sells nodes to raise $60 million
Through a node sale, Sophon, a zkSync “hyperchain” or Layer 2 network being developed with Matter Labs’ modular, open-source ZK Stack platform, has raised almost $60 million. 200,000 nodes were…
With A New Investment In CityPay.io, Tether Enters Eastern Europe
With a fresh investment in CityPay.io in Georgia, Tether extends its reach into Eastern Europe. The money will go toward new card and e-wallet options. With a new investment in…
Polkadot introduces asynchronous backup to increase transaction speed and network efficiency
A crucial improvement that has improved the network’s overall performance and flexibility in blockspace allocation is Polkadot’s implementation of asynchronous backing. Together with Elastic Scaling and Agile Coretime, the upgrade…
Lyra adds yield-bearing derivatives and the LDX token
Protocol for decentralized alternatives Lyra Finance revealed their plan to redesign tokens. It has unveiled the LDX token, which is scheduled to launch in the third quarter of this year…
Lagrange Labs, a cryptography firm, raises $13.2 million in its initial round led by Peter Thiel’s Founders Fund
The business Lagrange Labs, which is developing the Lagrange cryptography protocol, has successfully raised $13.2 million in seed funding. In addition to Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital,…
In response to increased institutional interest in cryptocurrency derivatives, Arbelos Markets raises $28 million
The cryptocurrency liquidity service Arbelos Markets has raised $28 million in a round of debt and startup funding. The financing was led by Dragonfly Capital, with participation from investors such…
For interoperability, Injective launches a Layer-3 network on Arbitrum
By enhancing connectivity across the Ethereum, Cosmos, and Solana networks, it seeks to expand the capabilities and interoperability of blockchain technology. Blockchain Interoperability is Enhanced by Injective and Arbitrum Integration…
Bitget Collaborates with Alchemy Pay to Enable Crypto Purchases in Indian Rupees
This partnership brings about a significant advancement. It expands Bitget’s trading platform with the On-Ramp services of Alchemy Pay. Along with other cryptocurrencies, users will be able to purchase Tron…
An airdrop of $12 million tokens for platform users is announced by Nexo
As part of its “Nexonomics” campaign, cryptocurrency services provider Nexo has announced the airdrop of 10 million NEXO tokens, which are currently worth $12.6 million. Up until July 7, both…
Uniswap decides to provide the DeFi Education Fund the second $1 million UNI grant
Top decentralized exchange by transaction volume, Uniswap, has decided to continue funding web3 advocacy group DeFi Education Fund (DEF) indefinitely. A temperature check proposal seeking an additional 1 million UNI…
Wintermute declares liquidity support for ether ETFs and bitcoin spot in Hong Kong
In an effort to strengthen its position in the Asian cryptocurrency markets, cryptocurrency market maker Wintermute said today that it will supply liquidity to OSL and HashKey for spot bitcoin…
Polygon Introduces STARK-Based L2 Miden Alpha Testnet
One of the best teams working on scaling solutions for Ethereum, Polygon, has started the alpha testnet deployment for its planned STARK-based rollup, Miden. Developers can test-run basic smart contracts,…
On optimism, Mode Network launches a 550 million cryptocurrency airdrop
Concurrently, the network has launched its cryptocurrency airdrop season, and users can now access the token claim page. The MODE token has two purposes. Both ecological growth and governance are…
Hacker on Poloniex Transfers $3.3 Million in Ether to Tornado Cash
Blockchain information indicates that in November, a hacker who made off with $125 million from Poloniex’s hot wallets sent 1,100 ETH to Tornado Cash, an authorized coin mixer. The roughly…
Ethereum Layer-2 Network with AI Integration is Launched by Ethernity
The objective of this development is to tackle the obstacles that large businesses encounter while implementing blockchain technology. The new Layer-2 Ethernity Chain system will simplify user interfaces, improve privacy,…
Bybit will incorporate USDe from Ethena Labs as a collateral asset and in spot trading pairings for ether and bitcoin
With this new relationship, Ethena and Bybit, the cryptocurrency exchange, will be able to trade perpetual futures of all assets in the exchange’s UTA using USDe as a collateral asset….
After V2 Rollout, Friend Tech Experiences a Resurgent Activity
Since the feature launched on May 3 along with Friend Tech’s v2 iteration, over 79,500 people have created 137,157 clubs, according to data from Dune Analytics. Club keys have already…