Big Cap
Polygon is moving closer to replacing its current MATIC token with a new currency, POL, as it deploys the POL smart contract on the Ethereum mainnet. Polygon Deploys Smart Contract for New Token POL on Ethereum. Image: Polygon On the afternoon of October 25, Polygon Labs announced the deployment of
DeFi
PancakeSwap, the decentralized exchange (DEX) initially launched on the BNB Chain, is now expanding its reach to zkSync Era, according to an announcement by Chef Cocoa to CoinDesk on the evening of July 27. Expansion to zkSync Era PancakeSwap’s integration with zkSync Era is part of its broader strategy
Big Cap
The market's 7th largest cryptocurrency, Dogecoin, saw a nearly 10% increase immediately after a Twitter announcement of a rebrand. Dogecoin (DOGE) Surges Due to This "Small Detail" by Elon Musk The Dogecoin frenzy appears to have returned following the appearance of the memecoin's logo
Big Cap
According to its pre-scheduled timeline, the OP Mainnet (Optimism) layer-2 network is set to unlock 24.16 million OP tokens on July 30th. https://cdn.coin68.com/images/20230726041416-9713d96a-cae3-4e18-8c19-c3084a87ceb1-68.jpg OP Mainnet (Optimism) Prepares to Unlock 24 Million OP Tokens According to Token Unlocks data, 24.16 million OP tokens,
DeFi
Investment firm a16z is reportedly taking advantage of the recent surge in Maker (MKR) prices to reduce its exposure to this DeFi token. a16z Transfers MKR Tokens According to on-chain data, Andeessen Horowitz (a16z) has sold a portion of its investment in MakerDAO’s governance token MKR due to the
DeFi
This past Sunday, the DeFi market experienced a significant downturn, with trading volumes falling to their lowest level in seven months, recording only $1.12 billion according to DefiLlama data. DeFi Market Struggles The total value locked (TVL) in DeFi dropped from $45.3 billion at the beginning of July
NFT & GameFi
According to CoinGecko, notable NFT collections have experienced a dramatic decline, ranging from 40% to nearly 100% from their all-time high (ATH) prices. Blue-Chip NFT Collections Drop 83% from ATH Statistics comparing the ATH prices of 11 blue-chip NFT collections (which are high-value collections with large communities) with their prices
NFT & GameFi
Star Atlas, a once high-profile game on the Solana blockchain, has acknowledged its challenging situation and has decided to undertake a significant reduction in its workforce. Star Atlas Cuts Over 70% of Its Workforce In an announcement posted on Discord on July 25, the development team behind Star Atlas, ATMTA,
DeFi
Users of Linea are facing significant withdrawal delays from the bridge solution, just two weeks after the layer-2 network launched its mainnet. Delayed Withdrawals on Linea Despite Linea's announcement that the issue has been patched, some users are still unable to withdraw their ETH from the layer-2 network
DeFi
Era Lend, a lending platform on the zkSync Era ecosystem, has recently been exploited, resulting in an estimated loss of $3.4 million. Details of the Exploit Era Lend confirmed the security breach on their official Twitter account. Users are advised not to deposit any more USDC into the platform,
DeFi
Public Goods Network (PGN), a project aimed at funding and developing community utilities, has successfully launched its mainnet using the OP Stack toolkit from Optimism. Launch Details PGN is dedicated to supporting projects that build public goods and utilities. With the backing of Conduit and the OP Stack, PGN has
Big Cap
In recent days, the market has witnessed rapid fluctuations from two token projects, STMX and AGLD, raising suspicions of market manipulation. StormX (STMX) and Adventure Gold (AGLD) Prices Experience Volatility, Market Manipulation Suspected StormX (STMX) surged by 140% to $0.015 USD, then retraced to $0.007 USD. 1D price
