Author: CryptoHoppers
Share this article Infusion, a novel automated market maker (AMM) protocol, has officially launched on Base, the Layer 2 solution incubated by Coinbase, introducing a unique liquidity timelock feature known as timefusing to decentralized exchanges (DEXs). This feature is designed to provide stability and predictability for traders and on-chain applications by ensuring liquidity remains locked for set periods. The timefusing mechanism is particularly relevant in the context of meme coins, which have seen instances of liquidity being pulled abruptly, causing significant investor losses. Infusion’s approach aims to prevent such scenarios, as seen with the BALD meme coin rug pull on…
The Solana (SOL) network, a major player in the blockchain scene with over $1.67 billion in Total Value Locked (TVL) and a stablecoins market capitalization exceeding $2.2 billion, has unexpectedly gone offline at the time of this report. According to data from Solanabeach Explorer, the last confirmed block was around 52 minutes ago, causing a halt in all Solana-based transactions.What triggered this blackout? And how will it impact the broader crypto market? Dive in.Understanding the OutageIn response to the disruption, the Solana team quickly acknowledged the outage and assured the community that they are actively investigating to find a speedy…
Nolus Protocol, a Web3 financial suite built on a fast Layer-1 blockchain using Cosmos SDK, is set to transform the DeFi landscape with its innovative DeFi Lease solution. By offering users up to 150% financing on their initial investment while allowing them to retain ownership of their digital assets, Nolus aims to bridge the gap between traditional finance and DeFi, providing a seamless, user-friendly experience for both lenders and borrowers. Quick Verdict: Nolus Protocol is a Web3 financial suite that offers an innovative approach to money markets with a novel DeFi Lease solution aimed at developing the DeFi space further.…
On Tuesday, the bitcoin liquidity protocol Velar unveiled Dharma, an automated market maker (AMM) designed to enhance decentralized finance liquidity within the Bitcoin realm. The inaugural version of Velar’s Dharma is set to function on the Bitcoin layer two (L2) Stacks, featuring an initial pairing of two tokens. Velar’s Strategy to Elevate Bitcoin Within the […] Source link
Singapore, Singapore, March 19th, 2024, Chainwire GRVT secures interest from leading trading firms and market makers, including QCP Capital, Selini Capital, Antelope, Pulsar, and Ampersan, to participate in the strategic round. GRVT is developing the first official self-custodial, centralized exchange on zkSync, aiming to be the leader in providing an institutional-quality hybrid exchange model. The launch of GRVT’s beta platform offers institutional investors a stake in building the future of seamless UX/UI centralized exchanges (CEX) with the security of autonomous on-chain settlement and self custody. Today, GRVT, the innovative hybrid cryptocurrency centralized exchange (CEX), is excited to announce a strategic…
The Atlas upgrade, combined with the introduction of blobs, promises to make Arbitrum gas fees to be lower than $0,01. Source link
Unveiling Innovation: Edge Of Company’s Blockchain Bonanza Edge Of Company, known for its flagship event Outer Edge LA, is setting the stage for an unprecedented blockchain and arts festival, NFT LA Community Week, from March 25-29, 2024. This event is a celebration of the innovative spirit of Los Angeles, a city renowned for its vibrant art and culture scene. As a hub of creativity, LA is the perfect backdrop for an event that merges blockchain, art, entertainment, music, and more, showcasing the diverse applications of NFTs and web3 technology. Celebrating Community and Creativity in Downtown LA Joshua Kriger, Co-Founder of…
Solana has recently become one of the trendiest cryptocurrencies in the space, capturing the interest of both crypto investors and enthusiasts in the space. The popular cryptocurrency has witnessed a significant surge in network activity, surpassing even that of Ethereum, the world’s second-largest cryptocurrency. Solana Outpaces Ethereum Network Activity On March 16, Solana experienced a major increase in its overall network activity, pushing its capacity to its limits amidst the growing demands. The network had surged past Ethereum’s total trading volume and exceeded its daily trading volume by more than $1.1 billion, according to data by DefilLama. Specifically, Solana’s 24-hour…
The People’s Bank of China (PBOC) has recently released a comprehensive service guide aimed at facilitating international visitors’ use of the digital yuan, officially known as e-CNY. The guide, titled “Explore the Splendors of China with e-CNY Service Guide for Visitors in China,” seeks to streamline the process for foreign tourists to make contactless payments using China’s central bank digital currency (CBDC). This initiative marks a significant step towards enhancing the convenience of international tourists in navigating China’s digital economy. Available on both the App Store and Google Play, the e-CNY app allows users to register for a digital yuan…
In the rapidly evolving world of blockchain technology, the quest for a more accessible, efficient, and user-friendly Web3 experience has been a primary focus for developers and enthusiasts alike. Amidst this landscape, a groundbreaking innovation has emerged, set to redefine the way we interact with and build upon decentralized networks. Enter Andromeda, an on-chain operating system that promises to revolutionize the blockchain ecosystem by providing a comprehensive suite of tools and utilities designed to streamline Web3 development and enhance user experience. Andromeda Protocol aims to bridge the gap between the complex world of decentralized technology and the everyday user. By…