DeFi
Karak, a layer-2 project aimed at simplifying restaking processes for everyday crypto users, has officially launched its mainnet on Ethereum. Karak Launches Mainnet In an announcement on the evening of April 8, the layer-2 restaking project Karak has officially deployed its mainnet on Ethereum. Speaking with Blockworks, Karak's
DeFi
Zeta Markets Announces Airdrop Plan for Z Token Zeta Markets, the decentralized derivatives exchange on Solana, has announced its plans to launch the Z token and details about the upcoming airdrop for users. Zeta Markets Airdrop for Z Token Zeta Markets has revealed that the Z token will have a
Big Cap
Ethereum's circulating supply across 1-year, 3-year, and 5-year periods has now hit its lowest recorded levels. Newcomers Flock In as Ethereum (ETH) Supply Hits Record Low. Image: U.Today According to data from The Block, the rate of active Ethereum, meaning tokens moved between wallets, is at an
Big Cap
On the afternoon of April 8th, BTC surged past the $72,000 mark, while ETH approached $3,600 ahead of the impending Bitcoin Halving. Cryptocurrency Market Volatility at 05:20 PM on 08/04/2024. Source: Coin360 After days of sideways movement below $70,000, Bitcoin's price surged
DeFi
dYdX, the decentralized derivatives exchange, has moved 20 million DYDX tokens, approximately $60 million at current prices, into staking with the Stride platform. Image Credit: CoinDesk Community Approval and Implementation The dYdX community has approved a proposal to stake 20 million DYDX tokens with Stride. This initiative aims to enhance
DeFi
In the past week, Solana has continuously been the target of attacks and jokes from "other networks." However, what exactly is causing the unsuccessful transaction processing on Solana? Does this mean the network is "frozen"? Will the upcoming patches address this issue thoroughly? Let's
DeFi
The blockchain of decentralized exchange dYdX recently faced a chain halt following a new upgrade deployment. dYdX Chain Experiences Block Creation Failure Post-Upgrade Deployment The incident occurred at noon on 08/04. On-chain data indicated that the block creation process had been halted, and the dYdX team is currently debugging
DeFi
The governance token ENA of the decentralized stablecoin project Ethena has become one of the top performers today (08/04), driven by an increase in staking rewards. Ethena (ENA) Price Surges Due to Increased Staking Rewards The governance token ENA of the decentralized stablecoin project Ethena has become one of
DeFi
After a period of voting, MakerDAO has approved a proposal to inject up to 1 billion DAI into lending pools with collateral assets being USDe/sUSDe stablecoins developed by Ethena. MakerDAO Implements Plan to Inject Additional DAI into USDe Lending Pools The proposal was approved on the evening of April
DeFi
Following in the footsteps of Uniswap and Frax, Aave is the next DeFi project looking to propose revenue sharing from transaction fees to its token holders. Aave to Gather Community Input on Fee Distribution Proposal Marc Zeller, a senior member of Aave's management team, has announced that the
Big Cap
Initially, Wormhole mistakenly allocated airdrop tokens to wallet addresses associated with individuals who had previously attacked its platform. Wormhole accidentally includes attacker in airdrop list. Image: Unchained Crypto The cross-chain protocol Wormhole inadvertently included a hacker from the 2022 attack in its airdrop list. This discovery was made by an
Big Cap
The Solana network is facing a major issue with up to 75% of transactions failing during execution, significantly impacting user experience. According to data compiled by Dune Analytics, Solana has witnessed up to 75% of "non-vote" transactions—transactions involving token transfers, not staking or governance—failing within the
