Binance co-founder Yi He is pushing back against claims that her crypto trading platform asks for tokens in exchange for listing. Simon Dedic, the chief executive of the crypto investment firm Moonrock Capital, kicked off the argument when he said on the social media platform X last week that he’d recently talked with a “Tier […]
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The rumors around the alleged listing fees could drive projects to decentralized trading platforms.
Some of the largest cryptocurrency exchanges allegedly ask for up to hundreds of millions of dollars for new token listings.
According to Tron founder Justin Sun, Coinbase allegedly asked for $330 million in total fees to list Tron (TRX). Sun posted on X on Nov. 4 that while Binance did not charge any fee, Coinbase requested 500 million TRX tokens (valued at around $80 million) and a $250 million Bitcoin deposit to be held in Coinbase Custody.
Coinbase listing fee allegations. Source: Justin Sun
Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibilities of receiving support, centralization, fragmentation of liquidity, and the lack of a […]
While Cronje highlights concerns about L2 appchains, others argue that emerging solutions can address these challenges.
Andre Cronje, the co-founder of Sonic Labs, has critiqued layer-2 (L2) appchains, claiming they are impractical for builders.
In an Oct. 13 X post, Cronje raised concerns about high infrastructure costs, fragmented liquidity and insufficient support for developers. He suggested these challenges hinder the widespread adoption of appchains.
Appchains are customized blockchains designed to meet the specific needs of decentralized applications (DApps) or a particular set of functions.
This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, which was originally published in Q1 2024, writer Gaz of Blocmates thoroughly examines Fantom’s major upgrade, named Sonic. For more Blocmates content, read crypto […]
Sonic could become the fastest blockchain by finality if it maintains the performance on its mainnet.
The Sonic blockchain has achieved a transaction finality of 720 milliseconds (ms) during its testnet.
In blockchain, finality is the assurance that a transaction is irreversible, which happens after it is added to a block on the blockchain ledger.
Sonic claims to be the world’s fastest Ethereum Virtual Machine (EVM) chain, with a “true” 720-ms finality, according to Andre Cronje, the creator of the Fantom Network and the chief technology officer of Sonic Labs.
Fantom (FTM) co-founder Andre Cronje says the Solana (SOL) network is a victim of success as the smart contract platform faces criticisms due to congestion issues. In a post on social media platform X, Cronje says that Solana’s recent outages are only because of its rising user activity and popularity. “Seeing a lot of ‘I […]
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Fantom (FTM) creator Andre Cronje says that the recent exploit of cross-chain bridge Multichain was a massive setback for the Ethereum (ETH) rival. Writing in the community’s forum, Cronje says that the Fantom team was misled about the true security level of Multichain. Cronje also says that he and his team plan to seek solutions […]
The post Fantom (FTM) Founder Andre Cronje Says Multichain Hack Was a ‘Big Blow’ to Ethereum Rival’s Ecosystem appeared first on The Daily Hodl.
Fantom (FTM) co-founder Andre Cronje is teasing the launch of a new cryptocurrency-friendly bank later this year. Cronje tells his 384,500 Twitter followers that a bank providing crypto-related financial services may launch later this year. “Need a card, or just payments infrastructure? If the latter, I can add you to our closed beta. If card, […]
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