Categories
News

Analysis: Arbitrium Investors Face Losses Amidst Bearish Trends

As Arbitrium continues to experience bearish trends across all time frames, a staggering 85% of investors holding ARB in their wallets find themselves at a loss.  Observations of on-chain data reveal a notable decrease in large ARB transactions since January 3, 2024, with transactions over 100K dropping from 256 to 121. These downward signals underscore […]

Categories
News

Tron Network Witnesses Surge In Activity And Market Dominance

The Tron Network has recently experienced a remarkable surge in activity, as highlighted by data from Intotheblock. Year-To-Date Daily Active Addresses on the network have seen a significant spike, indicating heightened user engagement. On May 6th alone, there were 3 million active addresses involved in transactions, with a staggering 7 million recorded transactions. The Tron […]

Categories
News

Arbitrum Token Shows Signs Of Recovery Amidst Increased Transaction Activity

The Ethereum layer 2 scaling solution token, Arbitrum, has faced a lackluster performance over the past three months, with bearish trends prevailing across all timeframes, particularly experiencing a 35% decline in the past 30 days. However, there are indications of a potential turnaround for $ARB, as highlighted by analyst Ali Martinez on X. Martinez points […]

Categories
News

Cardano Hits 90 Million Transactions: A Milestone For The Blockchain

In an exciting development, Cardano has reached a significant milestone by processing a staggering 90 million transactions on its network. This achievement not only highlights the platform’s robust infrastructure but also underscores its increasing adoption and usability across various sectors. Cardano Skyrockets Past 90 Million Transactions as Bulls Crazily Eye $3 Price Landmark #Cardano #cardanofeed […]

Categories
News

MakerDAO MKR Multisign Deposits Millions To Binance Amidst Market Activity

MakerDAO’s Multisign wallet, identified as 0xbba, has recently made a significant deposit of 750 MKR, equivalent to $2.19 million, to Binance at a price of $2,920. This transaction was facilitated through a middle wallet, 0x1cc, adding to the ongoing activity surrounding the multisign’s operations. Since its reactivation on March 18, 2024, following a three-month period […]

Categories
News

$VELO Token Continues Bullish Momentum Amidst Development Surge

Amidst market corrections, $VELO, the native token of a significant development project, is showcasing remarkable bullish behavior across all time frames. Over the past 30 and 90 days, $VELO has surged by 133% and 318% respectively, signaling strong investor interest and positive sentiment. In a recent on-chain development, DWF Labs, a key player in the […]

Categories
News

Bitcoin’s Fate Amidst Fed Speculations And Crypto Token’s Wallets Data

As cryptocurrency prices show signs of mild recovery, social media chatter continues to revolve around Bitcoin and its susceptibility to fluctuations in response to the Federal Reserve’s decision to maintain unchanged interest rates. However, insights from Santiment’s data feed, focusing on the most significant growth in non-empty wallets among top market caps in crypto, shed […]

Categories
News

Optimism Leads The Pack In Layer 2 Crypto Development Activity

Recent data from Santiment feed sheds light on the top Layer 2 cryptocurrencies by development activity, providing valuable insights into the bustling ecosystem of blockchain projects. The list, compiled by analyzing non-redundant GitHub activity of each project and averaging their daily activity over the past 30 days, showcases Optimism as the frontrunner in this domain. […]

Categories
News

Cryptocurrency Market Witnesses Significant Decline Amid Outflows

In the tumultuous landscape of the cryptocurrency market, the past week has been marked by a substantial downturn, sending shockwaves across various digital assets. Among them, the popular memecoin $SHIB has experienced a notable 4% decline in value over the course of the week, reflecting the broader trend of market contraction. A recent report has […]

Categories
News

Ethena Protocol’s Innovative Approach Gains Traction In DeFi Space

A recent analysis sheds light on Ethena protocol’s unique capability to generate USDe, a synthetic dollar, through a delta-neutral strategy. This method involves a careful balance of cryptocurrencies and cryptocurrency derivatives to uphold the stability and integrity of USDe. One standout feature of Ethena is the opportunity for users to earn over 10% APY on […]