AVAX price gave up recent gains after correcting by 16% and the network’s declining TVL and DApp use suggest that the protocol is losing ground versus its competitors. After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try…
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CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use. What are the disadvantages of CeDeFi? Currently, CeDeFi’s main downside is the high learning curve associated with its protocols because of their complexity. The concept is still young, and more intuitive and user-friendly interfaces…
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EOS attempts to become a fully decentralized network following a key hard fork in September. EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021. Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC)…
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New crypto project wants to give online communities their own sovereignty by easily deploying their own blockchain with their own rules Developers and communities will be able to deploy their own sovereign, custom-made blockchains at the “click of a button” says Celestia co-founder Ismail Khoffi. Speaking with Cointelegraph at Korean Blockchain Week 2022 last week,…
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It comes as the number of monthly active teams for the blockchain reached 11,800 in July, up from 8,000 in March. The number of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has topped 37,000, marking a 400% increase since the start of 2022. The Polygon team shared the figures via a Wednesday blog post, which was…
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BNB Chain’s total value locked dropped more significantly than its competitors, but the network’s decentralized applications are not fading out. Cryptocurrencies’ total market capitalization bounced from $860 billion on June 30 to the current $1.03 trillion, a 20.6% relief in five weeks. Ether (ETH) might have been the absolute leader among the largest smart contract…
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MATIC’s market cap is 69% below its all-time high, and the network’s TVL and DApp data haven’t picked up recently. Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery…
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Based on the price of BNB and the number of blocks generated on BSC during the quarter, the BNB auto-burn mechanism automatically modifies the amount of BNB to be burned. BNB and its role in the blockchain ecosystem Binance Coin (BNB) is the Binance ecosystem’s native cryptocurrency. Launched in 2017, BNB was originally presented as…
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From July 3 the four-week window for application developers and exchanges to test the upcoming Cardano upgrade begins before it’s launched onto the mainnet. Cardano (ADA) blockchain developer Input Output Hong Kong (IOHK) has submitted an update proposal to hard fork the Cardano testnet, kicking off the countdown for the network’s Vasil mainnet upgrade. The…
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Solana Labs, the firm behind the Solana (SOL) blockchain, says it will launch an Android mobile phone for the Solana network – and aims to ship the device to customers as early as next year. The device will be called Saga and should feature crypto wallet functions, as well as a mobile software development…
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