Coinbase could play an instrumental role in providing revenue to Optimism. Optimism’s token OP suffered as network growth and velocity declined. Optimism [OP], over the last few weeks, lost its spotlight in the L2 space as Arbitrum’s [ARB] new AirDrop has taken all the attention. With increasing competition from other L2 chains, Optimism could leanContinue reading “Inside Optimism’s [OP] new partnership, dwindling metrics, and more”

BTC.b witnesses a surge in activity on the Avalanche network. DeFi dApps such as TraderJoe and BenQi benefit from this interest in BTC.b. Over the past few months, there has been increasing interest in BTC.b, which is a wrapped version of Bitcoin that runs on the Avalanche network. The increasing adoption of BTC.b in theContinue reading “Analyzing the role of BTC.b vis-à-vis Avalanche’s advancements”

Sats name on the Bitcoin network saw massive interest after the introduction of Inscriptions. Meanwhile, traders turn bearish toward BTC after the OPEC announcement. After the introduction of Inscriptions to Bitcoin, there has been a surge in the number of use cases of the Bitcoin network. One of the interesting use cases has come toContinue reading “Bitcoin: Sats names witnessed success, but what’s in the name”

Data suggested that net exchange flows have risen for Bitcoin. However, bearish sentiment against BTC rose. Bitcoin [BTC] has been having quite a rally over the past three months as its prices soared materially. Due to the excitement around BTC, the net exchange flow for Bitcoin has also increased in this period. Is your portfolioContinue reading “Bitcoin [BTC]: The king coin’s rally may end soon, suggest lurking bears”

Many ARB recipients moved to Uniswap to swap their tokens. The UNI token saw bullish signs as UNI activity rose. The Arbitrum [ARB] AirDrop has been advantageous for the protocol and its users, but other protocols like Uniswap [UNI] have also reaped benefits from it. Is your portfolio green? Check out the Uniswap Profit CalculatorContinue reading “How has Uniswap [UNI] benefitted from the Arbitrum AirDrop? Analyzing…”

Circle announced the launch of USDC on Cosmos Hub. ATOM witnessed a surge in prices, volume also rose. Circle’s USD Coin [USDC] was on the receiving end of a lot of volatility over the last few weeks due to the collapse of the Silicon Valley Bank. However, as time passed, USDC has found its footingContinue reading “USDC takes a gamble on Cosmos Hub: How did ATOM react”

Large addresses have lost interest in SAND. Protocol performance took a hit while The Sandbox continued to make new collaborations. The Sandbox [SAND], a virtual gaming world set in web3, has attracted many gaming enthusiasts to the crypto space in the past. However, with time, many addresses have lost faith in the SAND token dueContinue reading “The Sandbox [SAND]: Whales move away – are these changes the reason”

Lido’s TVL declined over the past week as activity on the protocol fell. LDP token prices fell as whale interest waned. Lido Finance [LDO], in a 28 March tweet, reported a 2% decrease in its Total Value Locked (TVL) over the past week. Despite the high demand for Lido’s stETH in the previous month, aContinue reading “Lido: TVL dips despite stETH demand, what will the protocol do next”

Arbitrum’s dApps observed high activity on its network. However, the overall state of Arbitrum returned to normal as the AirDrop hype died down. Arbitrum [ARB] has been receiving a lot of attention due to its recent token AirDrop. The dApps on the Arbitrum network seem to have taken advantage of this attention as many ofContinue reading “Arbitrum [ARB] dApps show growth, but protocol has a long road ahead”

Bitcoin mining companies started to see trouble as revenues declined. Analytics firm MicroStrategy continued to HODL significant amounts of BTC. The recent surge in Bitcoin’s [BTC] value has been a boon for miners as they did not have to worry about selling their holdings. Nevertheless, the press time situation of several leading mining companies suggestedContinue reading “BTC miners face the heat, but HODLers continue to show faith”

Solana witnessed a high number of transactions being made on the network. However, DEX volume and active addresses on the network fell. Solana [SOL] has been in muddy waters for quite some time, having been on the receiving end of criticism due to its frequent downtimes. However, new data revealed that there was a spikeContinue reading “Solana’s [SOL] high activity may not be enough for its revival: Here’s why”

Osmosis outcompetes Uniswap in terms of the number of active developers on the network. Volume on the Osmosis DEX falls and activity on the Cosmos Hub network takes a hit. Cosmos Hub has been struggling to compete with other major ecosystems on many fronts. Interestingly, Osmosis (one of the most popular DEXs on the network)Continue reading “Osmosis outperforms Uniswap in active developers’ count; what’s next?”