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Sushi Plans to Launch Susa Derivatives Exchange on Layer N Rachel

DeFi

Sushi Plans to Launch Susa Derivatives Exchange on Layer N Rachel

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

By Web3 Station 14 Feb 2024
Emergence of DN-404: A Counterpart to ERC-404 NFT Standard

NFT & GameFi

Emergence of DN-404: A Counterpart to ERC-404 NFT Standard

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

By Web3 Station 14 Feb 2024
Starknet to Airdrop STRK Token on February 20

Big Cap

Starknet to Airdrop STRK Token on February 20

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.

By Web3 Station 13 Feb 2024
Bitcoin ETFs Purchase $631 Million in a Day, BTC Crosses $51,500 Mark

Big Cap

Bitcoin ETFs Purchase $631 Million in a Day, BTC Crosses $51,500 Mark

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

By Web3 Station 11 Feb 2024
Polygon Introduces Prover Type 1 Verification Mechanism

DeFi

Polygon Introduces Prover Type 1 Verification Mechanism

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,

By Web3 Station 11 Feb 2024
Jupiter DEX Announces Potential Projects for LFG Launchpad

Big Cap

Jupiter DEX Announces Potential Projects for LFG Launchpad

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

By Web3 Station 08 Feb 2024
Bitcoin Nears $47,700 Mark

Big Cap

Bitcoin Nears $47,700 Mark

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

By Web3 Station 08 Feb 2024
Bitcoin Approaches $44,800 as ETF Buying Pressure Sustains

Big Cap

Bitcoin Approaches $44,800 as ETF Buying Pressure Sustains

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,

By Web3 Station 07 Feb 2024
Upgrade Dencun Set to Roll Out on Ethereum by March 13

Big Cap

Upgrade Dencun Set to Roll Out on Ethereum by March 13

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

By Web3 Station 07 Feb 2024
Wormhole (W) Announces Airdrop and 4-Year Tokenomics Plan

DeFi

Wormhole (W) Announces Airdrop and 4-Year Tokenomics Plan

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

By Web3 Station 07 Feb 2024
Frax Finance Launches Layer-2 Fraxtal, Prepares FXTL Reward Points

DeFi

Frax Finance Launches Layer-2 Fraxtal, Prepares FXTL Reward Points

The renowned DeFi project on Ethereum, Frax Finance, has launched the mainnet of its layer-2 solution, Fraxtal, for select partners and shared details about its FXTL reward points program. Fraxtal is a layer-2 solution developed by Frax Finance on Ethereum since mid-2023, utilizing Optimism's OP Stack and being

By Web3 Station 07 Feb 2024
Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets

NFT & GameFi

Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets

Binance Labs-backed mobile game project "Heroes of Mavia" has released its MAVIA token along with a substantial airdrop for players. Heroes of Mavia Game Airdrops to 100,000 Eligible Wallets Skrice Studios, the development company behind Heroes of Mavia, has announced an airdrop for 100,000 eligible players

By Web3 Station 07 Feb 2024
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