ETH supply continued to decline at a fast pace. The number of new ETH 2.0 deposits has not reached January and February highs. With about two weeks left until the Shanghai-Capella hard fork, Ethereum’s [ETH] supply has continued to diminish. According to Delphi Digital, the altcoin’s supply has fallen off by 70,000 ETH since itContinue reading “Gauging Ethereum’s [ETH] increasing deflationary pressure amid Shapella preparation”

Arbitrum and Optimism registered better numbers in transaction fees than Polygon MATIC whales have been accumulating since the web3 project’s official launch of its zero-knowledge network The launch of the Polygon [MATIC] zkEVM Mainnet could set in motion a combat among projects in the layer two (L2) ecosystem. Surely, all, including Arbitrum [ARB] and Optimism [OP],Continue reading “MATIC loses to ‘optimist’ demand, but are whales planning a comeback”

The number of wallets on Chiliz 2.0 exceeded two million. However, the sentiment toward its token appeared negative. According to Alexandre Dreyfus, the founder of Chiliz [CHZ], wallets on the project’s first version surpassed two million. Dreyfus, who tweeted about the development, noted that the blockchain-based sports network would use the inspiration as a driveContinue reading “Chiliz intensifies efforts towards CC2 as it crosses milestone, but CHZ…”

Node operators of the project paused activities on the network Open interest increased as a number of traders chose to long RUNE THORChain [RUNE], the decentralized liquidity protocol, announced that its network could be prone to vulnerabilities on 28 March. Tweeting with respect to the development, the pseudonymous developer and infrastructure specialist of the projectContinue reading “Assessing the effects of THORChain network’s halt on RUNE”

ETH’s supply outside of exchanges reached an all-time high. Increase in adoption has been challenging since the token was called a commodity. The number of Ethereum [ETH] held in self-custody reached its highest for the first time since the cryptocurrency became public in 2015, Santiment disclosed. At the time of writing, this number was 101.18Continue reading “How ETH holders scrambled for shelter following CFTC’s ‘commodity’ proscription”

The Polygon team officially deployed the zkEVM Mainnet for public use.  Ethereum’s Vitalik Buterin made the first transaction on the network as over 50 projects were in line to join.  Almost six months after its Public Testnet, the Polygon [MATIC] zkEVM Mainnet Beta went live on Monday 27 March. The event, which began at 10Continue reading “Polygon zkEVM Mainnet Beta in operation; Vitalik launches first live transaction”

Ethereum outflows were on the high side but Bitcoin shied away from a similar fate. Other altcoins joined the BTC trend but investors remained wary of ETH. For the third straight week, Ethereum [ETH] investment products failed to attract the purses of digital asset investors, CoinShares’ 27 March report revealed. According to the report dulyContinue reading “Ethereum suffers yet another weekly outflow, but how did BTC perform”

The ApeCoin DAO is in the process of rejecting the AIP-206 proposal. Most of Yuga Labs’ collections registered a decrease in volume.  Home to multiple blue-chip NFT collections, Yuga Labs created ApeCoin [APE] to act as the governance token of its projects. Since then, several proposals have had to pass through a voting process beforeContinue reading “ApeCoin community declines creation of multi-link APE NFTs, here’s why”

Decentraland dominated the social space over the weekend. MANA’s price remains in the bearish region amid chances to exit the zone. A large part of the crypto ecosystem experienced unusual inaction in the just-ended 24- 26 March weekend. Strange because almost all other weekends in the month were filled with evident price rises. Despite theContinue reading “Analyzing how Decentraland’s hype failed to aid MANA’s climb”

Sometimes, I’m a fan of the popular saying- Not by power, not by might. Other times, I’m not. Now, I’m not trying to dismiss your religious beliefs or personal opinions. However, the incredible ChatGPT innovation might make you want to question that line. Take it or leave it. In the midst of confusion and increasing skepticism, IContinue reading “I asked ChatGPT Ethereum’s December 2023 price prediction, it said…”

Aave recorded the most asset deposits in its protocol. Though Lido underperformed, its TVL hit 2023 highs. The Total Value Locked of Aave [AAVE] gained as much as 8.69% in the week ended 25 March. The rise in unique smart contract deposits made the protocol the best-performing one as the overall TVL hit $5o.01 billionContinue reading “AAVE outperforms LDO as DeFi TVL reaches YTD high, more inside”

XRP whale transactions between $100,000 and $1 million have remarkably increased. Ripple’s president showed optimism about a win as more people backed the firm. For over two years, Ripple [XRP] has been locked in a lawsuit with the SEC, led by Gary Gensler. At several points within this period, rumors have flown around that aContinue reading “Are XRP whales assembling for a win as Ripple president oozes confidence”