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The circulating supply of stablecoin grew 188% to $122 billion, while spot trading volumes on decentralized exchanges exceeded $3.9 trillion in the past year. Much of this came from Tether (USDT), whose supply increased from $50 billion to $83 billion, as per CoinGeckoVolumes on decentralized exchanges (DEX), which rely on
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Polygon has announced Supernet chains, pledging to invest $100 million to attract the development of customizable networks. Original Source
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The move will facilitate more FRAX based transactions on those blockchains and create greater demand for their layer 1 tokens, Kazemian said. Layer 1, or base, tokens are the native assets of individual blockchains, such as Ethereum, Avalanche, or Terra. Original Source
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Layer 1 networks competing with Ethereum was a major investment theme in 2021. Original Source
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On-chain activity for the leading Layer 2 networks has been declining recently, however, the Arbitrum platform is bucking the trend according to recent findings.Blockchain analytics firm Nansen has reported that seven-day activity in terms of addresses for many of the leading networks has been in decline. Only the Ethereum L2
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StarkNet uses rollups to squash Ethereum’s crushing gas fees Original Source
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Web 3 browser Opera has integrated with decentralized finance (DeFi) trading platform DeversiFi to bring a Layer 2 Ethereum to its users. Source
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Even without token subsidies, these rollups have seen significant adoption and are highlighting the demand for cheaper access to Ethereum. Arbitrum, for example, currently has over $2 billion in total value locked (TVL) and is home to a DeFi ecosystem that is beginning to show some promise. However, Buterin believes
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This WeekAnalysts say Bitcoin’s bounce at $36K means
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On Wednesday, the Secret Network announced the launch of a $400 million fund in order to expand the application layer and provide grants to ecosystem participants that accelerate user adoption. The market capitalization for the network’s native token SCRT is the third-largest privacy-centric crypto asset market today with a $1.4
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