MixBytes stops support for Lido on Polkadot protocol The overall termination of Lido on the network will finished by August Lido, which is currently one of the largest DeFI ecosystems in the crypto-space, expanded its ecosystem to Polkadot in the latter half of 2021. This expansion of Lido onto the Polkadot ecosystem was led byContinue reading “Polkadot gets into a ‘Mix’ as Lido support for the ecosystem stops”

Avalanche partners with gaming company TSM to increase interest in the protocol Number of users have declined as the price of AVAX fell Even though the FTX collapse was a massive hit to the crypto-market, Avalanche managed to benefit from this ordeal. TSM, a popular gaming firm, had plans to establish its own crypto-based gamingContinue reading “FTX’s loss may be Avalanche’s gain, but here’s where AVAX stands”

SushiSwap gets help from popular subreddit to incentivize users on its platform SUSHI’s price fell as whales lost interest Even though DEXs have gained popularity after FTX’s collapse, the competition within the sector has increased too. SushiSwap is one of the DEXs that has struggled to outperform its competitors during this period. However, to improveContinue reading “How SushiSwap’s new Reddit move may impact the protocol”

U.S. government-seized Bitcoin holdings started to move, causing FUD  Short-term holders declined while long-term holders stayed put Over the last few years, the U.S. government has accumulated massive amounts of BTC for law enforcement purposes. This BTC, for the most part, has remained dormant throughout the time it was being held by the U.S government.Continue reading “Bitcoin [BTC] FUD takes centre stage as Uncle Sam makes a move”

According to Santiment, holdings of Ethereum‘s long-term stakers have fallen by 31% over the last 10 weeks. In fact, the data suggests that most of the assets of these stakers are currently undervalued. Read Ethereum’s Price Prediction 2023-2024 This can be underlined by the declining realized value of ETH 2.o stakers. Despite having low returns,Continue reading “Are Ethereum’s staker holdings undervalued? New data suggests…”

Many ETH traders exited their positions out of the volatility fear. Interestingly, the number of transactions on the network declined. Ethereum, in the last month, enjoyed a rally as its prices surged due to increasing demand. However, traders did not exhibit the same enthusiasm toward ETH at the beginning of March. Realistic or not, here’sContinue reading “Decoding Ethereum’s current state ahead of Shanghai upgrade”

Bribes paid out to vlCVX holders have started to go down. Moreover, the Curve protocol is reportedly struggling as the number of users on the protocol has been declining. According to data provided by Delphi Digital, a large sum of bribes, totaling $250 million was paid out to vlCVX holders. A total of $250M ofContinue reading “Curve Finance: The $250M bribes talk you shouldn’t miss out on”

Bitcoin miners were found facing some challenges with the rise in the BTC’s hashrate. The number of rigs required to mine Bitcoin increased, however, it caused a decline in miners’ profits. Over the last few months, Bitcoin miners have reaped the benefits of BTC’s short-term rally. Interestingly, besides BTC’s price, the hashrate of the networkContinue reading “Bitcoin’s hashrate increase isn’t helping miners in any way, here’s why”