Chainlink, a widely used oracle network, has recorded tremendous growth in the first half of this year. According to a report on the platform’s performance in the last quarter, Chainlink informed its users that the network grew to support over 1000 decentralized oracle networks and powered over 1350 projects housed across more than 12 differentContinue reading “Chainlink traders looking to solidify positions should know that LINK…”

Input Output Global (IOG) had earlier informed members of the Cardano ecosystem of the postponement of the deployment of the network’s Vasil Hard Fork to the testnet. Interestingly, in a Twitter thread on 3 July, IOG confirmed to the community members that it had successfully hard forked the Cardano testnet. Speaking on the next steps,Continue reading “Cardano testnet successfully hard forked but here’s a point of concern”

Gamers within the Axie Infinity community continue to receive more disappointing news as the leading play-to-earn gaming platform struggles to function optimally. Just a few days after reopening the Ronin bridge, the gaming platform, in a tweet on 2 July, informed its users that it identified an issue with the bridge that made it impossibleContinue reading “Axie Infinity’s struggles to function optimally have led AXS to achieve…”

Crema Finance joins the list of protocols housed on the Solana blockchain to be hit with a hack. In the early hours of 3 July, the liquidity protocol took to Twitter to inform users of the suspension of all activities on the network due to the hack.  Coupled with constant downtimes, the Solana network hasContinue reading “Crema Finance suffers hack as Solana [SOL] seeks validation”

The Stellar network has witnessed some significant ecosystem upgrades in the last six months. However, within the same period, the network’s native coin, XLM, told a different story.  In a newsletter published on 29 June, the Stellar network informed its users of some of the developments it made in the last six months. According toContinue reading “Stellar: Factors that didn’t play in favor of XLM’s rally despite…”

As June ended, crypto service providers embarked on assessing the performances of various platforms. One leading platform that recorded disappointing numbers in the last 30 days was the Ethereum Name Service [ENS]. The domain name service provider saw an index of 122,000 new .eth registrations in June. These represented a 66% decline from the 365,000Continue reading “Where Ethereum Name Service stands after 66% decline from registrations in May”

Leading DeFi protocols, such as Maker [MKR], Aave [AAVE], and Curve [CRV], have witnessed a decline in their Total Value Locked (TVL) over the last few months. A continued bearish progression of the general cryptocurrency market further adds to the decline by putting the DeFi space at risk. According to data from Defi Llama, theContinue reading “Maker, Aave, Curve- Key information for emotionally intelligent investors”

Amidst regulatory sanctions, DDOS attacks, and the general market downturn that has impacted the activities of the leading play-to-earn gaming platform, STEPN launched its decentralized exchange (DEX) on 11 June. By a whitepaper published by the team, the DEX was referred to as DOOAR. The DEX allows the users of the gaming platform to provideContinue reading “STEPN: How Play-to-Earn gaming tokens have fared since the launch of its DEX”

Despite the uncertainty that plagues the future of XRP as a result of the legal tussle with the Securities and Exchange Commission (SEC), during intraday trading hours on 30 June, it performed better than most altcoins. While most altcoins recorded a decline in price during the trading session yesterday (30 June), the price of XRPContinue reading “XRP: Analyzing what growth in active address could mean for long-term holders”

While NFT enthusiasts continue to bask in the euphoria of the 2021 boom in the ecosystem, the general downturn of the cryptocurrency market continued to affect the sales volume of NFTs in the last few months. According to data from NFTgo, the total sales volume of NFT collections across marketplaces saw a 61% decline inContinue reading “OpenSea Ethereum, Polygon report card for June; stats might shock you”

As the rest of the cryptocurrency market gradually moves on from the aftermath of the collapse of Terra’s LUNA and UST, regulators across the globe have become increasingly skeptical of digital assets and the risks they pose to investors. On 30 June, the European Commission, lawmakers within the European Union (EU), and member states reachedContinue reading “From soup to nuts of ‘agreement reached on European crypto-assets regulation’”

The price of VET continues to plummet despite the many ecosystem upgrades to the veChainThor blockchain. On 28 June, the VEchain Foundation announced its partnership with Supply@ME Capital PLC, the fintech company behind the inventory monetization platform. According to the announcement, the alliance between the entities aims to build a first-of-its-kind “Web3 Inventory Monetisation SystemContinue reading “VET investors should consider these metrics before placing long bets”