Big Cap
According to insights from The Block, zkSync - the Layer-2 solution developed by Matter Labs - is set to announce its native token this week. zkSync confirms it will airdrop tokens to users in mid-June The anticipated total supply of this token is 21 billion, with details of the airdrop
Big Cap
Solana's SOL has reached a monthly peak, outperforming most other cryptocurrencies in the market. Syncracy Capital: Solana (SOL) Could Reach $200 Before June 2024. Image: Blockworks In an article on X dated May 17, Daniel Choung, co-founder of digital asset hedge fund Syncracy Capital, expressed optimism about SOL,
Big Cap
In his latest blog post, Vitalik Buterin highlighted three primary threats affecting decentralization on Ethereum and proposed solutions to address these issues in the near future. Vitalik Buterin Outlines Solutions to Enhance Decentralization on Ethereum On May 16, prominent Ethereum developer Peter Szilagyi identified three major issues threatening the current
Big Cap
The Total Value Locked (TVL) in the Fantom ecosystem saw a sharp increase last week as investors poured back in ahead of the upcoming significant upgrade called Sonic. Fantom (FTM) Announces Further Details on New Blockchain, Sonic Network (S), Promising an Airdrop Fantom (FTM), once renowned for its layer-1 blockchain,
DeFi
The token issuance platform pump.fun on Solana has been hacked, resulting in numerous memecoins issued from the platform being siphoned by the hacker. Token Issuance Platform Pump.fun on Solana Hacked On-chain information reveals that the token issuance platform pump.fun has been attacked. The exploited vulnerability appears to
DeFi
Pump.fun, a token issuance platform on Solana, has identified a former employee as the perpetrator behind a recent cyber attack, resulting in a loss of $1.9 million. The project has announced a compensation plan for affected users. Former Employee Hacks Pump.fun, Steals $1.9 Million Pump.fun
DeFi
MakerDAO has announced plans to launch PureDai, a fully decentralized stablecoin, as a replacement for the current DAI, utilizing ETH and stETH as collateral. MakerDAO Plans to Launch New Fully Decentralized Stablecoin "PureDai" to Replace DAI Rune Christensen, the founder of MakerDAO, revealed on Twitter the plan to
DeFi
PancakeSwap, a leading decentralized exchange (DEX) on the BNB Chain ecosystem, has announced plans to reimburse up to $8 million in interface fees paid by traders on the rival platform Uniswap. PancakeSwap Challenges Uniswap with $8 Million Interface Fee Reimbursement On the evening of May 16, 2024, PancakeSwap announced a
DeFi
Drift Foundation has officially launched the DRIFT token and opened the claim portal for a 120 million token airdrop, including a 2% bonus reward. Drift DEX on Solana Opens Claim Portal for DRIFT Token Airdrop with Bonus Drift Foundation, the organization managing the decentralized derivatives exchange (DEX) on Solana, launched
DeFi
Leading liquid staking project Lido and top crypto investment firm Paradigm are reportedly investing in Symbiotic, a new restaking protocol aiming to challenge the dominance of EigenLayer. Lido and Paradigm Invest in Symbiotic - A Competitor to EigenLayer in Restaking According to CoinDesk, the co-founders of the DeFi protocol Lido,
DeFi
Liquity introduces a new stablecoin, BOLD, in its upcoming V2 upgrade, set to launch in Q3 2024. BOLD is the first stablecoin enabling users to set their own loan interest rates. Liquity V2 Launches BOLD, First Stablecoin Allowing Users to Adjust Loan Interest Rates On the evening of May 14,
NFT & GameFi
Crypto game Pixels has achieved a milestone of 1 million daily users, surpassing other Web3 games. The developers behind the Web3 electronic game Pixels announced that the game has surpassed 1 million daily active users. This is a significant milestone as most blockchain games currently only have tens of thousands
