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While it remains unclear how the emerging decentralized social projects will generate profit, they keep getting more attention. Jack Dorsey-backed decentralized communications app Bluesky has positioned itself as a major rival to the popular social networking service Twitter. Bluesky, which has the support of the former Twitter co-founder, was founded in
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The top two decentralized derivatives platforms, dYdX and GMX, are head-to-head concerning liquidity and trading volumes.The perpetual swap daily trading volume on dYdX ranged between $340 million and $2.6 billion in March, per CoinGecko data. In comparison, GMX did less than $500 million in daily trading volumes.The open interest (OI)
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On Sunday, August 21, 2022, the floor value of the Cryptopunks non-fungible token (NFT) collection briefly surpassed the Bored Ape Yacht Club (BAYC) NFT collection’s floor value. While it’s not by a huge amount, at the time, Cryptopunks floor was 66.45 ether, while BAYC’s least expensive NFT was 64.99 ETH. Cryptopunks
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