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Polkadot's 2023 Annual Report: A Comprehensive Analysis
The Polkadot network's advancements in 2023, as chronicled in its Annual Report, reflect significant strides in blockchain technology and decentralized systems. Driven by the Data Team at Parity Technologies, the report revolves around the Polkadot ecosystem, encapsulating crucial developments and achievements.
Innovative Data Solutions and Network Growth:
A key highlight is the establishment of DotLake, a scalable and cost-efficient data platform hosted on Google Cloud Platform. DotLake embodies a robust architecture, optimized for storing and processing the extensive data of over 70 Polkadot and Kusama chains. This platform has streamlined the handling of all blocks, events, and extrinsics, significantly contributing to Polkadot's data transparency and accessibility. Source:
How do inflationary vs. deflationary token models affect market liquidity?
Tokenomics is at the heart of cryptocurrency functionality as it defines the internal dynamics or the monetary policies hard-baked into crypto projects’ code, explaining how the asset functions and the forces likely to affect its value.
Like the concepts of inflation and deflation in economics, tokenomics relies on the principles of supply and demand. In short, tokenomics considers the economic dynamics of a cryptocurrency, such as distribution, issuance, attributes and supply.
The tokenomics of supply and demand in crypto determine token circulation and provide pointers on when and how more tokens will enter circulation. Likewise, it can determine how holders accrue the cryptocurrency and, in response to demand, decide the timing for withdrawing tokens from circulation. Read More
Solana's Dex Platforms Eclipse Ethereum in Weekly Trade Volumes
Recent statistics reveal that in the last week, decentralized exchange (dex) platforms built on Solana have surpassed Ethereum in market performance. Data indicates that Solana-based dex platforms achieved a volume of $1.447 billion in the past day, overshadowing the $1.282 billion recorded by Ethereum trading platforms.
Solana’s recent price surge, coupled with a multitude of airdrops, has propelled the layer one (L1) blockchain’s dex volumes to new heights. Conversely, trade volume for Solana (SOL) on centralized exchanges lags behind that of Ethereum. Data from Deflllama.com confirms that both the 24-hour and weekly dex volumes for Solana have exceeded those of Ethereum.
Recent data shows Solana platforms’ daily dex volumes have surged to $1.447 billion, marking a 12.87% increase over Ethereum dex applications’ $1.282 billion. Over the past seven days, Solana’s decentralized exchanges have amassed $10.786 billion, overtaking Ethereum’s $9.604 billion in weekly dex volumes. Notable contributors to these volumes are dex platforms like Raydium, Orca, Lifinity, Phoenix, Openbook, and Mango Markets, along with significant activity on Drift, Crema, and Saber. Read More
The Pulse of Bitcoin – Understanding Current Market Trends Through HODL Behavior
As we navigate through the crypto market full of ups and downs, it’s crucial to look at how the number-one crypto holders behave to get to the bottom of Bitcoin’s heartbeat at present and prepare for future market shifts.
Indicators like Bitcoin HODL Waves use blockchain data to display the amount of BTC in circulation, broken down into different age bands. Let’s examine it to see what we can find out.
To start with, let’s define Bitcoin HODL Waves – it’s an indicator that basically functions as a mood ring for the Bitcoin economy.
The entire holding history of Bitcoin is layered up in a rainbow that shows not just who’s holding, but also for how long. Read More
Staying ahead of the curve is crucial in the dynamic and ever-changing business world. In the modern business landscape, innovation and technology act as guiding forces, shaping how companies engage with their audiences and forge connections. In this era of constant evolution, a powerful synergy has emerged between two groundbreaking concepts: inbound marketing and blockchain technology. This convergence is rewriting the rules of engagement and presenting companies with unprecedented opportunities to carve out a competitive edge.
Gone are the days when traditional marketing methodologies ruled the roost. The one-size-fits-all approach of old-school marketing campaigns is gradually being replaced by a more interactive, personalized, and customer-centric approach. Inbound marketing is not just a strategy; it's a philosophy that revolves around attracting, engaging, and delighting customers by delivering valuable and relevant content. It's about creating a genuine connection with your audience, addressing their pain points, and offering solutions that resonate personally.
Amidst this transformative landscape, a standout player emerges: Markethive. This innovative ecosystem stands at the crossroads of the inbound marketing revolution and the blockchain evolution. Markethive's unique proposition lies in its ability to seamlessly fuse the principles of inbound marketing with the cutting-edge potential of blockchain. By doing so, it offers a comprehensive system that empowers businesses to connect with their target audience and build lasting relationships based on trust and transparency. Read More
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How user-friendly Web3 wallets bridge the gap between TradFi and DeFi
This multichain crypto wallet makes DeFi accessible and user-friendly, paving the way for mass adoption.
Crypto wallets play a crucial role in how users perceive the DeFi and Web3 space, as they are the main point of connection between users and smart contracts on the blockchain. Wallets are both digital asset storages and identities of a user in DeFi. Therefore, improving user experience in DeFi should start with making wallets more straightforward. StrikeX Wallet, a self-custody crypto wallet, aims to simplify DeFi interactions by integrating a Web2-like experience.
StrikeX Wallet enables users to store multiple cryptocurrencies in a single app, making the whole process simple and secure. It addresses market fragmentation by supporting digital assets on various chains, including Bitcoin, Ethereum, BNB Chain, Solana, Arbitrum, Polygon and Base.
With StrikeX Wallet, users can self-custody of their digital assets, removing the need for third-party custodians and giving the user total control and ownership of their wallet contents. Without any registration, users can explore DeFi opportunities with a few taps. Although a DeFi wallet, users can also buy crypto with fiat or withdraw fiat to their bank directly from the app, as StrikeX Wallet supports fiat on-ramp and off-ramp options at competitive rates. Read More
NFT predictions for 2024: Trends and challenges coming next year
Cointelegraph spoke with Web3 professionals to see what trends and challenges they predict the NFT space could face in 2024.
As 2023 closes its curtains, nonfungible tokens (NFTs) continue to be a big part of the Web3 space. Community members are looking to 2024 with bullish eyes, believing the future has a lot in store for the asset class.
From NFT gaming taking off to continued regulatory uncertainty, Cointelegraph spoke with various Web3 professionals, who shared their perspectives and predictions on which trends may continue into 2024, as well as what challenges NFTs may face in the year ahead.
Professionals working in Web3 predict further development in the connection between digital and physical assets in 2024. The NFT space is set to play a part in this intersection, according to John Crain, co-founder and CEO of SuperRare Labs — the entity behind NFT marketplace SuperRare.
Crain believes there will be a “significant rise” in the connection between the two worlds, and that NFTs will play the role of “digital twins and certificates of authenticity.” Furthermore, Crain told Cointelegraph that since collectors love physical editions of NFT art, it could be another growth driver over the next year. Read More
OKX crypto exchange to delist privacy tokens in early 2024
OKX said that the latest decision to remove a number of trading pairs was based on feedback from users and the OKX token delisting guidelines.
Global cryptocurrency exchange OKX will delist several p including Monero, in early 2024.
OKX officially announced on Dec. 29 that it will delist a number of trading pairs involving major privacy tokens like Monero and Zcash, as well as partly private coins like Dash and Horizen (ZEN). The OKX exchange will remove a total of 11 trading pairs involving those tokens on Jan. 5, 2024, the announcement notes.
“In order to maintain a robust spot trading environment, we constantly monitor the performance of all listed trading pairs and review their listing qualifications on a regular basis,” OKX said in the announcement. The firm added that the decision was made “based on feedback from users” and the OKX token delisting or hiding guidelines. Read More
Avalanche Foundation is about to start buying memecoins for the ‘culture’
Avalanche says it will utilize its $100 million NFT incubator initiative to start investing in select memecoins, which it says encourages the “culture and fun” brought about by meme-derived tokens.
Avalanche Foundation — the nonprofit organization overseeing the development of the Avalanche Network — says it plans to buy memecoins with its $100 million nonfungible token (NFT) incubator fund.
In a Dec. 29 post on X (formerly Twitter), the Avalanche Foundation said the new move will form part of its “Culture Catalyst” initiative — a $100 million program launched in March 2022 initially designed to fund promising NFT projects on the network.
“This initiative seeks to better position Avalanche to cultivate and support the many new forms of creativity, culture, and lifestyle that blockchain enables,” it said, explaining the initiative.
The foundation said it will achieve this by using the fund to purchase “select Avalanche-based meme coins to create a collection,” to “recognize and encourage the culture and fun symbolized by meme coins." Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
