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Algorand Foundation has deployed 36 million ALGO to Algorand’s native lending markets, options vaults, and algo/galgo liquidity. This could have played a role in Algorand’s double digit TVL growth. 

The report by Alchemy highlighted that incidents following the collapse of Silicon Valley Bank (SVB) in March contributed to less trading volumes across DEXes.

To date, over 115,850 LANDs have been minted by more than 23,500 LAND owners. However, SAND’s volume and whale transaction count declined, and metrics looked bearish.  The Sandbox [SAND] recently published a blog highlighting its achievements pertaining to LAND Owner in Q1 2023 and what its plans are for the remaining quarters of 2023. 📢Continue reading “Sandbox Land’s plan for 2023 looks promising, but here’s a caveat”

Disclaimer: This is a paid post and should not be treated as news/advice If the recent crypto trends are anything to go by, meme coins seem to be on a roll these days. Over the past few weeks, the market has been flooded with new innovative projects that are driving impact by leveraging the benefitsContinue reading “DigiToads now promising to outpace Dogecoin, Shiba Inu by 30x in 2023”

The AVAX bullish sentiment has decreased after an impressive all-round performance in March. The Avalanche blockchain experienced a great deal of NFT volume and stablecoin supply. Having dominated other cryptocurrencies in the market, price, and social activity, Avalanche [AVAX] was one of the best performers in March. But this outmatch did not only begin inContinue reading “Avalanche may have had a solid Q1, but what promise does April hold”

LaunchZone’s Bscex SwapX contract was hit resulting in the loot of about $7.7 million of funds. 75,586 addresses were still at risk as the main attacker was still on the lookout. The DeFi ecosystem continued to be a happy hunting ground for hackers as yet another protocol fell victim to an exploit. A vulnerability inContinue reading “Problems galore for DeFi ecosystem as another protocol gets compromised”

Cardano posted its weekly development report, highlighting the efforts made by its developers.  ADA’s price registered gains last week, but in the last 24 hours, it went down.  Cardano [ADA] has been putting much effort into scaling the blockchain of late. Cardano’s roadmap mentioned its fourth era, named BASHO. This was an era of optimization thatContinue reading “Cardano’s efforts for scaling seem promising, but is ADA well-guarded”

Solana’s NFT sales volume declined, but transactions per program increased. TVL and token value increased last week, but a few metrics were bearish.  Solana Mobile recently made a major announcement that can have a potential impact on the Solana [SOL] ecosystem. As per the announcement, the full Saga product design files became open source.  BigContinue reading “Solana’s NFT space updates look promising, but what’s in it for SOL”

Over the last 30 days, PancakeSwap’s trading volume surged nearly 60%. CAKE lost about 12% of its value since hitting a three-month high on 9 February. According to a tweet by BNB chain, PancakeSwap [CAKE] became the most used dApp on the network. PancakeSwap stood first in the list of top 15 dApps on theContinue reading “CAKE records promising growth, but warning signals remain”

Solana NFT staples declined over the last 30 days and so did the count of daily active users. SOL, however, managed to perform well both on the price and metrics front. A Twitter handle by the name Solana Legend recently posted a tweet that talked about the potential and capabilities of Solana’s [SOL] NFT ecosystem.Continue reading “Solana NFTs’ potential looks promising, but what is in store for SOL?”

The SEC has charged Paul Pierce for promoting EMAX tokens The former NBA player has agreed to pay a penalty and is prohibited from promoting crypto asset securities for three years The United States Securities and Exchanges Commission continues to take action against celebrities promoting crypto-projects. In its latest move, the SEC has laid chargesContinue reading “US SEC charges former NBA player for promoting crypto asset”

MATIC flipped SHIB to become the most traded token among whales. MATIC’s weekly chart was green and market indicators suggested a further price hike. Polygon [MATIC] has shown growth in its DeFi space over the past, with several new integrations that help increase the network’s offerings and capabilities. The latest one is the integration withContinue reading “Polygon’s DeFi space shows increased promise: How will MATIC react?”