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The price jumped after an annoucement that Stargate would partner with Trader Joe announcement to unlock omnichain fungible tokens. The Stargate DAO also passed a token re-issuance proposal following security concerns tied to Alameda Research's wallets. Source
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The partnership, which will take the Solana-native platform multi-chain, is scheduled to launch in the second quarter this year. The version of the Chingari app that will launch in Aptos will boast a “more scalable experience with newer products,” according to the blog. Legacy support for Solana-based Chingari users will
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Chiliz, the blockchain-based sports token that allows fans to own tokens tied to respective teams, has validated the genesis block of its new layer-1 blockchain. Source
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As use case appeal strengthens, the Lightning Network is now at an all-time high of over 5,490 BTC or $128 million in capacity. According to reports, the Lightning Network recently attained an all-time high as Bitcoin continues to rally. According to The Block, the amount of BTC locked in the Bitcoin
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"One of the big narratives of 2023 looks to be Layer 2's and the only way to get direct exposure to them right now is through the OP token," Conor Ryder, research analyst at Paris-based crypto data provider Kaiko, said. "TVL on Optimism has also outpaced Arbitrum, its closest competitor,
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The Synapse (SYN) token is trading at a five-month high of $1.22 following a 44.74% move to the upside over the past 24-hours. Source
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Token unlocks, which are usually considered bearish events, appear to be having little effect on the price of The Sandbox’s SAND token in the lead-up to releasing more supply. The project will be releasing 12% of the token’s supply, equivalent to around $273 million worth of SAND, to seed and
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The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion. Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher Bitcoin’s difficulty reached another all-time high, surpassing the record set
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Vela’s token also garnered attention for listing the rebranded, identical utility token VELA on Camelot, another DEX on Arbitrum, on Thursday, potentially contributing to the rally. DXP holders on Ethereum and Metis can exchange their tokens one-to-one to VELA on Arbitrum without any fees using a bridge. Source
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Amid the ubiquitous rally in the crypto market, multiple crypto assets including MATIC have climbed higher highs, thriving to reach their peak and beyond. While the catalyst behind the rally might be unclear, Polygon’s (MATIC) bullish trend could be a part of its upcoming zkEVM Network update. As the launch
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