DeFi

In spite of the COVID-19 pandemic, the 2021 NFT boom was the talk of town during the summer. However, has winter turned its bang into a whimper? A quick look at some numbers suggests this might not be the case. Turn up the volume to HIGH According to Dune Analytics, OpenSea’s monthly volume reached itsContinue reading “OpenSea monthly volumes scale second-highest peak since August, what made it happen”

In recent months, Axie Infinity became a hot topic in the gaming sector, due to its explosive growth. Just in August 2021, it hit 1 million DAU (daily active users) and an accumulative $1 billion in lifetime trades. The P2E model undeniably increases gameplay adoption by creating financial incentives with NFTs. Basically, providing players withContinue reading “South Korea authorities push for strict restrictions on P2E games”

Imagine a world that instead of being controlled by closed-door board room meetings and backroom lobbying, is operated by distributed governance on open-source networks. This vision is what blockchain-based decentralized autonomous organizations (DAO) are hoping to fulfill by creating platforms that replace traditional hierarchies and are governed by token holders. In essence, DAOs are purelyContinue reading “Can the link between DAOs, NFTs accelerate the adoption of Web3?”

The rising cost of using the Ethereum network triggered by network congestion has been a cause of frustration to many cryptocurrency enthusiasts, especially those wanting to explore the DeFi and NFT sectors. Many competing Layer-1 blockchains seized this opportunity to overtake Ethereum’s market share, with varying degrees of success. A worthy mention among them belongsContinue reading “DeFi boom ensues as Terra crosses $21B in TVL, second only to Ethereum, Avalanche at $12B”

Crypto airdrops cause a great deal of excitement in their communities, but don’t often make headlines. In this case, however, a token airdrop led to a frenzy which was felt across the ecosystem. Time for a mic drop So you love NFTs. But do you love them as much as OpenDAO? The DAO explained thatContinue reading “As OpenDAO sends SOS tokens to ALL OpenSea buyers, here’s what you should know”

Alex Tapscott of Ninepoint Partners recently estimated that DeFi valuation could skyrocket next year in an interview. He said, “That value today is, depending on who you ask, US$100 to US$200 billion. I think the higher number is more accurate.” 2021 was high on DeFi He also added that “that’s a pretty conservative estimate.” Now,Continue reading “Why DeFi’s trillion-dollar valuation projections may be more than just that”

As the market shows signs of recovery, Curve is heading towards new heights. Leading the rally CRV became the third-highest gainer of the last 24 hours and now for those looking to invest in CRV might actually find it lucrative as its reaching closer to its all-time high Curve goes straight up The biggest DeFiContinue reading “As Curve inches closer to a new all-time high, it needs this to stay on track”

Terra has been in the news frequently of late, and its impact on a larger scale, definitely pushed LUNA to new heights. Terra after Ethereum 21 December was an important day for Terra, as the network officially overtook the Binance Smart Chain (BSC) in terms of the Total Value Locked (TVL). Given that within threeContinue reading “Terra’s prospects perk up as it surpasses Binance Smart Chain, but watch out for these signs”

As the year winds down, so do many alt coins. Investors might feel that the market is slow and there aren’t enough exciting price rallies to watch. However, that doesn’t mean growth is at a standstill. Projects and ecosystems are expanding, even during the holidays. One such example is IOTA. ‘Tis the season to stakeContinue reading “IOTA announces staking, two network tokens as a reward”