EigenLayer's restaking protocol has reached a milestone with a TVL of $7.03 billion USD, marking a 20-fold increase compared to December last year. EigenLayer Enters Top 5 DeFi Protocols by TVL. Image: EigenLayer As of the latest updates, EigenLayer now ranks 5th in terms of TVL among
Big Cap
TRON has set its sights on expanding the Bitcoin ecosystem by unveiling plans to build a new layer-2 solution for the world's largest cryptocurrency network. TRON Announces Roadmap for Layer-2 Development on Bitcoin. Image: CCN On the afternoon of February 15, TRON founder Justin Sun surprised the crypto
DeFi
Sushi has announced plans to launch a derivatives exchange named Susa on Layer N, a blockchain set to deploy its mainnet this month. Sushi revealed on the evening of February 13 that it will soon introduce a decentralized derivatives platform called Susa on Layer N, an Ethereum layer-2 solution designed
NFT & GameFi
A new Non-Fungible Token standard named DN-404 has surfaced, promising heightened efficiency and a 20% reduction in gas fees compared to ERC-404. Understanding ERC-404 ERC-404 introduces a novel concept within the crypto sphere, amalgamating ERC-20 (Token) and ERC-721 (NFT) standards. In essence, ERC-404 enables an NFT to be held akin
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After a long wait, Starknet has finally set a date for its highly anticipated STRK token airdrop. Starknet will airdrop STRK tokens on February 20 On February 14, the Starknet Foundation provided detailed information regarding the timing of the STRK airdrop event, the native token of the Starknet layer-2 network.
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February 13 marked the highest single-day inflow into Bitcoin ETFs since their approval in mid-January. Market fluctuations of top cryptocurrencies as of 04:40 PM on February 14, 2024. Source: Coin360 According to newly compiled data by BitMEX Research on the afternoon of February 13, Bitcoin spot ETFs had an
DeFi
Polygon has recently introduced the "Prover Type 1" mechanism, a technology that enables EVM chains to easily integrate Zero-Knowledge Proof (ZK Proof) verification. The Prover Type 1 mechanism is scheduled to be deployed this year and will be integrated directly into Polygon's CDK toolkit. Brendan Farmer,
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The liquid staking platform Sanctum, NFT collateralization app Sharky, and cross-chain bridge deBridge are among the projects Jupiter is considering for its LFG launchpad. Jupiter DEX announces potential projects for LFG launchpad. Image: CoinDesk Japan Jupiter (JUP) has released a list of promising Solana-based projects being considered for its LFG
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The world's largest cryptocurrency, Bitcoin, continues to show strong recovery momentum, surging by $2,700 within just 24 hours. Bitcoin nears the $47,700 mark On the evening of February 9, Bitcoin (BTC) demonstrated strong upward momentum, reaching close to $47,700 after surpassing the $47,000 mark
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The resurgence of Bitcoin has also lifted other top altcoins like Ethereum. Cryptocurrency market volatility as of 09:45 AM on 08/02/2024. Source: Coin360 In the early morning hours of February 8, the world's largest cryptocurrency, Bitcoin (BTC), staged a recovery from the $42,000-$43,
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Ethereum developers have set a deadline of March 13 to implement the Dencun upgrade on the mainnet. Upgrade Dencun set to roll out on Ethereum by March 13. Image: Decrypt According to an announcement made on the evening of February 8, Ethereum has designated March 13 as the official date
DeFi
Following in the footsteps of many recent projects, the cross-chain protocol Wormhole is the latest to announce an airdrop. Wormhole (W) Announces Airdrop and 4-Year Tokenomics Plan According to an announcement late on February 7, the cross-chain solution Wormhole will use the "W" token, with a maximum supply
