With Polkadot (DOT) addresses hitting a record high of 600,000, despite the community’s efforts to promote memecoins not gaining traction, the blockchain network has showcased significant growth in activity. This surge in active addresses highlights the increasing adoption and utilization of the Polkadot ecosystem, reflecting its expanding user base and growing interest in its capabilities. Rising Activity in the Polkadot Ecosystem Polkadot, a cross-chain smart contract platform, has witnessed a substantial increase in active addresses on its network, surpassing the 600,000 milestone by the end of March. Data from DotLake indicates that over 41% of these addresses, approximately 248,000, are…
Author: Web3 Daily Press Staff
In this week’s NFT news round-up, the Tensor NFT Marketplace has hit the ground running, after offering $200m in TNSR airdrop tokens to users, and over on Bitcoin street, the Ordz Ordinal NFT collection has revealed the launch of a new console. The Tensor NFT Marketplace is booming after a successful launch. The platform is now offering $200 million in TNSR tokens via airdrop after catapulting to a staggering $640 million in trading volume in under seven hours. TNSR’s debut saw it at $1.60 per token, a notable dip from its $2.45 peak. CoinGecko pegged TNSR at $1.19, and it…
by Fintech News Singapore April 9, 2024 Tenity, in collaboration with the IOTA Foundation, has announced the establishment of the IOTA Accelerator in Singapore. This 12-week initiative is designed to assist early-stage startups focused on developing Real World Assets (RWA) tokenisation products and infrastructure within the IOTA ecosystem. Dominik Schiener Dominik Schiener, Co-Founder and Chairman of the IOTA Foundation acknowledged the innovation within the Asia-Pacific region and the shared vision with Tenity of harnessing tokenised RWAs for sustainable institutional and user value in Singapore and beyond. “This partnership aims to equip new market participants with the knowledge to navigate the…
April 9, 2024 9:32 AM | 2 min read | Crypto trader Jake Gagain shared a bullish perspective on Dogecoin (CRYPTO: DOGE), advising a follower to hold onto his substantial investment in the meme coin.What Happened: Gagain’s tweet on April 8 narrates an encounter with a partygoer in Los Angeles seeking advice on their Dogecoin holdings. ENTER TO WIN $500 IN STOCK OR CRYPTOEnter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!The individual, who had invested $600,000 in the meme coin in 2020 and did not cash out at the…
Unlock DeFi’s future with dWallet Network & Mysten Labs. Sui’s multi-chain interoperability integrates Bitcoin & Ethereum transactions seamlessly. Welcome to decentralized finance’s next frontier. dWallet Network, a trailblazer in decentralized, native multi-chain technology, and Mysten Labs, a Web3 infrastructure company and the original contributor to Sui, announced their strategic partnership, focusing on the introduction of multi-chain interoperability into the DeFi ecosystem on Sui, the groundbreaking Layer 1 and smart contract platform. With the integration of the dWallet primitive, applications built on Sui can sign transactions on Bitcoin and Ethereum, opening up new cross-chain experiences on Sui.Sui is renowned for its…
The global cryptocurrency market is a rapidly growing space capped at about $2.5T and a daily trading volume of $91.64B across centralized and decentralized cryptocurrency trading exchanges as of the time of writing this article. Binance, a centralized exchange, led this space for a very long time in trading volume. However, a new contender is emerging on the scene, causing lots of excitement among investors, especially those with interests in Stellar Lumens and Chainlink. Fezoo, a decentralized exchange, is gearing up for its presale and promises profitability to presale investors and rewards for all trading activities even with a lower…
The cryptocurrency market witnessed a significant surge as TON, a relatively lesser-known crypto, soared into the top 10 rankings, surpassing the well-known cryptocurrency Cardano. Pro-XRP lawyer Bill Morgan’s recent tweet highlights the unexpected rise of TON and raises questions about the stability of ADA’s position in the rankings. Despite concerns about XRP’s standing, it’s ADA that now faces the risk of slipping out of the top 10, with AVAX closely trailing behind.TON Surges into Top 10In the past day, TON coin experienced a remarkable surge of over 20%, pushing it into the top 10 cryptocurrencies by market capitalization. With its market…
Are cryptocurrencies still a good investment in today’s volatile market? Bitcoin Cash (BCH) price and Fantom (FTM) news continue to make headlines with their bullish trends and strategic advancements. Bitcoin Cash is witnessing a notable surge, hinting at a promising uptrend, while Fantom’s latest update introduces a pivotal enhancement to its ecosystem. A new contender, BlockDAG, is stepping into the spotlight amid these developments. With a groundbreaking presale and a technological foundation mentioned in the Whitepaper release that challenges existing paradigms, BlockDAG is not just another name in the crypto space. It represents a significant leap towards addressing scalability and security,…
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Investors are focusing on Hump (HUMP), a meme coin based in Solana that aims to upend the current status quo and completely change the cryptocurrency scene, as April 2024 takes center stage. As the clear choice for astute investors hoping to profit from the developing cryptocurrency market, Hump stands out due to its strong competitive advantages over industry heavyweights like Ethereum (ETH) and Solana (SOL). In this piece, we explore the factors that make Hump the best option for April 2024, providing details on its unique selling point and the prospects it offers for investors who want to move forward…