Key Takeaways The last two years have been pivotal for Solana, showcasing its resilience and market dominance. After hitting a low of $9.64 following the FTX collapse, the cryptocurrency rebounded with a staggering +2,143% price increase. According to Glassnode report, this incredible recovery brought back investor confidence and strengthened its position among the top crypto […]
Blockchain
MPT on XRP Ledger: Audit Confirms Top-Notch Security and Readiness for Integration
The Multi-Purpose Token (MPT) on the XRP Ledger has successfully passed a comprehensive security audit conducted by cybersecurity firm Softstack GmbH. The audit, completed on October 22, revealed zero critical or high-severity vulnerabilities, marking a significant milestone for XRPL’s security framework. Softstack’s evaluation focused on MPT’s design, efficiency, and security performance, ensuring alignment with industry […]
Unstoppable Duo: Shiba Inu and Chainlink Usher in Multi-Chain Future
Key Takeaways: Shiba Inu has partnered with Chainlink to propel its ecosystem into new frontiers. Shiba Inu’s native assets—SHIB, BONE, and LEASH—have embraced the Cross-Chain Token (CCT) standard, enhancing their interoperability across 12 blockchains. This development comes when Shibarium, Shiba Inu’s layer-2 blockchain network, has integrated Chainlink CCIP (Cross-Chain Interoperability Protocol) to act as its […]
Kraken Surprises with Early Launch of Ink Blockchain, Boosting DeFi Accessibility
Kraken’s Ink Layer 2 blockchain is now live on the mainnet, arriving months ahead of its originally slated release date of early 2025. The announcement highlights a significant achievement for the company, which has been working tirelessly on the project in the background. Ink, built on the Optimism Superchain, aims to bridge the gap between […]
XRPL Reserve Changes: Ripple CTO’s Bold Strategy for a Stronger Network
Ripple’s CTO David Schwartz recently addressed concerns surrounding XRPL account reserves and the voting mechanism for adjustments. In an X post, Schwartz explained further that the voting system was designed more to coordinate feature activation and not really as a core governance tool of the network. He added that the current voting process can be […]
How Chainlink’s Game-Changing Innovation Will Transform the $3.1T Finance Industry
Key Takeaways: Chainlink’s evolution is no longer just about cryptocurrency. It’s positioning itself as a pivotal player in the decentralized financial market infrastructure, aiming to address inefficiencies worth trillions of dollars. As blockchain technology finds its footing in traditional finance, Chainlink’s role is becoming more integral. Its strategic partnerships and AI-powered innovations are steering the […]
Solana Surpasses Ethereum for New Devs: 83% Growth in 2024
Key Takeaways For the first time since 2016, a blockchain ecosystem has surpassed Ethereum as the top choice for new developers. Electric Capital’s 2024 Developer Report crowns Solana as the leader, with a staggering 7,625 new developers contributing. The report underlines that in crypto, developers are among the most important metrics in the value creation […]
EigenLayer’s New Proposal: ELIP-002 Brings Slashing and Transparency
EigenLayer, Ethereum’s re-staking protocol, has introduced the latest improvement proposal, ELIP-002, marking the key milestone toward greater accountability of its ecosystem. This release provides a powerful penalization mechanism, widely known as “slashing,” together with two novel features: Unique Stake and Operator Sets. These enable AVSs to penalize operators in case of failure-perhaps due to computational […]
Raydium Outpaces Uniswap: Dominates Solana’s DEX Market with $124.6 Billion
Key Takeaways Raydium, the largest DEX on Solana, which has been stealing the limelight of the DeFi space. The DEX has outshone Uniswap-the most popular Ethereum-based DEX-by monthly trading volume for two months in a row. In November 2024, its volume reached $124.6 billion, approximately 30% higher than that of Uniswap. According to the report […]
XRP Ledger’s XLS-40 DIDs: The Ultimate Scalable Identity Solution
Key Takeaways: The XRP Ledger has taken a leap forward with the implementation of Decentralized Identifiers (DIDs) through the XLS-40 amendment. These W3C-compliant digital identities fully empower the user to control their data, without relying on any centralized entities. Such a move tackles some of the critical barriers to the adoption of enterprise blockchains by […]