DeFi

Solana joined Bitcoin’s free fall on the price charts on Tuesday. While once it was among the few cryptos in the green, SOL corrected by 8.5% as it traded just above the $85-mark. Even so, there seems to be a reason to rejoice for Solana’s developers. SOL-o Growth  Looking at the number of developers, blockchainContinue reading “65% from ATH, this Solana subset may have some reason to cheer”

Decentraland, along with The Sandbox, have been frontrunners in the Metaverse, with both introducing the possibilities of a new form of investment in the crypto-space. On 21 February, MANA celebrated its second birthday. Looking at its growth over the year can give us a hint of what’s to come next. Happy Birthday, Decentraland! In lieuContinue reading “Assessing the mechanics of MANA’s >900% yearly growth on its birthday”

The OpenSea CEO on 20 February announced an ongoing investigation for a phishing attack on 32 OpenSea users. Reportedly, $3 million of NFTs have been stolen. It is to be noted that this growing fear of exploits has become menacing for the NFT marketplace. Another OpenSea problem According to CEO Devin Finzer, the affected usersContinue reading “Can attacks on OpenSea backfire Ethereum and benefit Solana”

The world’s first cryptocurrency, Bitcoin, was envisioned and designed to follow a Proof-of-Work mechanism for transactions to go through, It was evident early on that this wasn’t sustainable for the environment in the long term. Most of the newer blockchains have thus opted for a Proof-of-Stake consensus algorithm, which allows for all participants to partakeContinue reading “Here’s how Cardano has the edge over its competitors in terms of staking”

When looking at 2021 in crypto, experts and analysts often use the term “DeFi boom.” What’s more, as the top alt, Ethereum is often touted as being the driving force behind said boom. However, is Ethereum adoption really all that it’s made out to be? The truth beneath the hype A report by Arcane ResearchContinue reading “Ethereum DeFi user numbers reveal this truth about the success of Ethereum adoption”

Even as Cardano‘s much-hyped decentralized exchange (DEX) SundaeSwap suffered a patchy launch last month, a resurgence in its popularity has also been marked by an expansion of the protocol’s ecosystem. With its Initial Stake Offering (ISO) coming to an end this week, albeit not in the manner expected, the DEX has now introduced a uniqueContinue reading “Cardano: SundaeSwap announces Reverse ISO proposal and here’s what it means”

Cardano‘s blockchain has seen some rapid development over the past couple of months. Mainly owing to the launch of decentralized applications and accelerated adoption. However, security continues to remain a concern for the network, especially considering the threats most blockchains are constantly under. In fact, billions have already been lost across cryptocurrency and DeFi exploitsContinue reading “Double or not, Cardano’s new bounty program is also indicative of this”

After a long day of doom scrolling on Twitter, you might leave behind a crowd of verified NFT profiles featuring apes and punks to switch to another social media channel for a new stream of content. Except now, there’s a high chance that the whole horde of apes and punks and zombies and more mightContinue reading “The most valuable trend in the NFT space and why it should matter to you”

The latest cryptocurrency hack has targetted Polygon‘s native stablecoin protocol Qi DAO, as its Suplerfluid vesting contract faced an exploit earlier today. The hackers got away with a reported $13 million in various tokens, leading to its governance token Qi’s price falling a sharp 68% in no time. QiDAO announced the hack on Twitter earlierContinue reading “Polygon’s stablecoin protocol QiDAO suffers $13 million exploit on third party contract”