In March, Sky Mavis Inc. the developer of Axie Infinity, the popular play-to-earn blockchain gaming platform, was hacked. This hack led to the loss of over $600 million. A few days after the hack, Sky Mavis informed the gaming community and those that lost their funds that the company was “fully committed to reimbursing ourContinue reading “AXS, RON- Everything you need to know about proposed refund for March hack”

The NBA Top Shot collection is an NFT collection that lets you “own, sell, and trade official digital collectible NFTs of the NBA and WNBA’s greatest plays and players.” Following the conclusion of the 2022 NBA Draft, fans of the sport and collectors have filled their NFT bags with picks from the NBA Top ShotContinue reading “‘NBA Top Shot’ leads with a 901.95% spike in sales volume while BAYC…”

Currently ranked as a leading privacy crypto coin, Monero’s XMR has been in a fierce battle with the bears in the last 90 days. At a 77% decline from its all-time high of $517.62, the ongoing bullish correction in the cryptocurrency market has had little to no impact on the performance of the XMR coin.Continue reading “Monero’s [XMR] 90-day performance evaluation has these tips for its traders”

Following several weeks of recording low sales volume, Doodles NFTs have kickstarted another cycle of increased sales volume. According to data from CryptoSlam, Doodles, with a 285.96% uptick in the last 24 hours was ranked first on the platform’s ‘NFT Collection Rankings by Sales Volume’. Doodles on top Interestingly, Doodles NFT sales totaling $2,552,904 (2,005.2208Continue reading “Doodles NFT giving competition to BAYC? Sales volume has the answer”

Convex Finance is a DeFi protocol built on Curve Finance and aims to reward liquidity providers and those who stake Curve Finance’s native token, CRV, with additional yields. According to data from Curve Finance, at the time of press, the exchange’s pool for Convex CVX tokens stood at 9,639.54 wETH ($10.57 million), which was availableContinue reading “Convex Finance: First token unlocking and metrics to make winning trades”

Over the last month, as investors tried to salvage the rest of their crypto assets investment from further losses, acquiring a domain name took the backseat on the list of their problems. Google Trends data for the search term “ENS Domain Name” revealed a gradual decline in the interest of internet users in that topicContinue reading “Ethereum Name Service [ENS] takes U-turn; will it give in to crypto winter”

A cursory look at data from CoinMarketCap revealed that Chainlink’s native coin, LINK posted significant gains in the last 24 hours. Trading hands at $7.35 per LINK coin, the coin marked a 15% uptick in price. However, the on-chain analysis of the coin showed something different.  Yes, the price is up Data from CoinMarketCap showedContinue reading “Chainlink: Three white soldiers on LINK’s chart could mean this for investors”

The ongoing state of the cryptocurrency market is bad news in itself. However, members of the Cardano ecosystem received another disappointing news on 20 June following the postponement of the Network’s Vasil Hard Fork. In an announcement blog published on 20 June, the Input Output Global (IOG) confirmed the decision of the developer team “NOTContinue reading “Cardano: The ‘Tout est prêt’ of Vasil and will rescheduling affect ADA”

Traders and investors holding on to Polygon [MATIC] may have spotted a 10% uptick in price over the last 24 hours. In doing so, they may have assumed that a bullish run was underway. Unfortunately, they would be wrong. With an index price of $0.3637, the crypto has dropped back to its April 2021 levels.Continue reading “MATIC’s last 80 days have this to say about the crypto’s fortunes”

The last 24 hours have seen significant growth for the PancakeSwap Network. According to data from CoinGecko, the network saw gains of 11% over a 24-hour period. In fact, CAKE was the most traded highlight token on the BNB Chain. With a sales volume of $82,772,676, CAKE was ahead of tokens such as GAL andContinue reading “Are the last 24 hours enough for investors to have a piece of CAKE?”

On 19 June, Solend Protocol, a DeFi network used for borrowing and lending crypto-assets such as Solana [SOL], was hit by a liquidation crisis. The crisis came around due to fears of liquidation that would hit Solana decentralized exchanges if the whale that had deposited 95% of Solend’s entire SOL pool got liquidated. Since attemptsContinue reading “Solend Network: Will a new vote, proposal mean differing fortunes for SLND”

A significant challenge most blockchains face is how to commandeer investors’ interest in the network’s native coins or tokens. Algorand [ALGO], a proof-of-stake blockchain cryptocurrency protocol, has struggled to keep investors interested in its native coin – ALGO. 2022 has been marked by a series of attempts by the Algorand Network to save its ailingContinue reading “Algorand’s multiple partnerships are a boon, but does ALGO feel the same way”