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Token unlockings translate to an increase in the asset's supply, releasing coins from a vesting period including to early investors. Large unlocking events usually lead to price declines due to the supply increase outpacing investor demand for the asset, a study by crypto analytics firm The Tie found earlier this
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The aim of the project was to allow wealth managers to tokenize funds and to be able to purchase and rebalance positions in tokenized assets across multiple interconnected chains. Original Source
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On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store.Galen Moore, Axelar’s spokesperson, told Cryptox that the initiative would enable Axelar
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After a comprehensive review involving code evaluation and direct interaction with the bridge teams, the committee approved Wormhole and Axelar for Uniswap's specific use case of protocol governance. Other bridges including LayerZero, Celer, DeBridge and Multichain did not meet the foundation’s criteria. The report leaves open the possibility for some
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“Kubernetes allows you to program how you want to deploy your application in the Web2 world. Like what are the regions where it needs to be deployed? What are the application servers? What are the databases behind it?” Gorbunov explained. “Similarly, using the [Axelar] virtual machine, we can let [Web3]
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Fantom (FTM) has been one of the best-performing tokens of 2023, pulling off a series of impressive gains in the last few weeks. Following the market crash in late 2022, FTM began the new year trading as low as $0.2007, representing a 94.19% decline from its all-time high value of
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