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Solana’s Stablecoin Transfer Volume Drops Drastically Amid Scrutiny

Solana’s Stablecoin Transfer Volume Drops Drastically Amid ScrutinyAccording to stablecoin transfer volume metrics divided by blockchain, Solana’s daily transfer volume has decreased from a range of $75 billion to $100 billion daily to around $7 billion daily. Additionally, a crypto advocate expressed doubts about the legitimacy of Solana’s previous stablecoin transfer volumes, indicating that the metrics were highly overstated. Stablecoin Metrics Reveal […]

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TON flips ETH in daily active addresses, but that’s not the full picture

TON has seen more daily active addresses than Ethereum in 10 of the last 11 days — however, that figure doesn’t include Ethereum layer 2s.

Update June 13, 08:40 am UTC: This article headline has been updated to clarify TON has recorded more active addresses 

Telegram’s “The Open Network” (TON) blockchain has recorded more daily active addresses than Ethereum nearly every day this month.

One firm suggests it could be a quiet “flippening” fueled by a massive user base. Though, one could argue the data doesn’t show the full picture either.

Read more

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Solana’s Rally Continues As SOL Overtakes Polygon (MATIC) in Daily Decentralized Exchange Volume

Solana’s Rally Continues As SOL Overtakes Polygon (MATIC) in Daily Decentralized Exchange Volume

Ethereum (ETH) competitor Solana (SOL) is sustaining its upward momentum as it overtakes layer-2 scaling solution Polygon (MATIC) in daily decentralized exchange (DEX) volume. New data from blockchain tracking platform Artemis reveals that the smart contract platform has surpassed MATIC in both overall DEX volume and the number of daily transactions. Artemis’ data shows that […]

The post Solana’s Rally Continues As SOL Overtakes Polygon (MATIC) in Daily Decentralized Exchange Volume appeared first on The Daily Hodl.

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Weekly active crypto devs drops over 26% over the last 3 months

Blockchain developer activity is one of the most crucial metrics in measuring the success of a smart contract platform — one that lacks developers will struggle to grow.

The crypto industry has seen more than a 26% reduction in weekly active developers over the last three months amid a prolonged market slump, the latest data shows. 

According to Blockchain data aggregator Artemis, the four leading smart contract platforms — Ethereum, Polkadot, Solana, and Cosmos experienced even higher drop-off, clocking 30.5%, 43.6%, 48.4%, and 48.9% reductions in developer activity respectively over the last three months. 

Source: Artemis

Interestingly, decentralized data storage protocol Interplanetary File System (IPFS) and blockchain network Internet Computer were among the few top smart contract platforms to have seen growth throughout this period, with increases of 206.6% and 21.7% respectively.

Blockchain developers are primarily responsible for designing blockchain architecture, maintaining and upgrading infrastructure, and building smart contracts that power decentralized applications.

Blockchain developer activity is considered one of the most important metrics for the success of a smart contract platform, as one that lacks developers will likely struggle to grow.

Crypto researcher and founder of Tascha Labs, Tascha Che told her 173,700 Twitter followers on Sept. 8 that she doesn’t believe the trend is of much concern, as the fall was attributed to the exit of “tourist builders” and “tourist investors,” which will now allow legitimate builders to “have peace and quiet to get real work done.”

Another Twitter user, identifying themselves as a Binance research analyst didn’t comment on the downward trend but said developer activity will be an “important metric” to consider in the years to come because of the “flywheel effect” it has on the industry.

The fall in developer activity follows a crypto market downfall from April to mid-June, which saw the entire crypto market cap slashed from $2.1 trillion to $890 billion.

Related: Ethereum dominates among developers, but competitors are growing faster

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Nifty News: Mike Tyson loves Solana, Aoki stops show to flaunt NFT, Apple and the ‘AR Verse’

Apple is reportedly looking at AR over the Metaverse and Artemis has launched a mobile-based social media NFT platform.

Mike Tyson is living the $DREAM

Boxing icon Mike Tyson has stepped into the ring this week, after he shared his enthusiasm for Solana and unveiled a partnership with mental health-focused crypto project TheDreamChain ($DREAM).

In the first round, Tyson — who previously launched an NFT project on Ethereum via OpenSea last year — tweeted on Jan. 13 that he was a born-again Solana (SOL) proponent while sharing a screenshot of a new NFT he'd snapped up from the Catalina Whale Mixer project.

The Solana-based Catalina Whale Mixer NFTs currently have a floor price of 15 SOL ($2,200), and Tyson’s NFT depicts a whale version of himself wearing a world championship belt along with his famous face tattoo.

In round two later that day, the 55-year-old tweeted about either what appears to be a partnership or paid celebrity promotion with TheDreamChain. The token’s unusual selling point is that it's just as difficult and limited to trade as a stock.

“It’s the first of its kind that can only be traded during US stock market hours. Could revolutionize the space and help the mental health of the crypto community.”

According to TheDreamChain’s website, its token $DREAM is only available for trade between the standard stock exchange hours of 9:30am to 4:pm, with the idea being that 24/7 trading is causing a mental health crisis amongst crypto traders.

The project states that it will divert 0.5% of all transaction fees to its own foundation, which will donate funds to mental health charities or use the capital to sign partnerships with non-profit organizations.

Apple looking at AR, not the Metaverse

Amid a landrush from tech giants toward the Metaverse, Apple won’t be rushing in with its latest gadget according to Bloomberg’s Apple tech reporter Mark Gurman.

Gurman shared snippets from the latest Q&A section of his paid consumer tech newsletter via Twitter on Jan. 10 regarding Apple’s upcoming virtual reality headset. He noted that:

“Here’s one word I’d be shocked to hear on stage when Apple announced its headset: Metaverse.”

“I’ve been told pretty directly that the idea of a completely virtual world where users can escape to — like the can in Meta Platfroms/Facebook’s vision of the future — is off-limits from Apple,” he added.

According to Gurman’s understanding, current and former Apple execs such as Jony Ive have always envisioned the firm’s VR headset to be a device used in short “bursts” for gaming, content consumption and communication and not as part of a full-blown Metaverse experience.

Instead, Apple is said to be eyeing the augmented reality space (AR) in which the user's physical experience is enhanced with digital or virtual features via devices such as eye lenses, as they can be worn all day and don’t distract from the immediate environment.

Artemis launches mobile-focused NFT social media platform

Hong Kong-based blockchain firm Artemis Market launched a new social media and NFT trading platform yesterday.

According to a Jan. 13 announcement, the Solana-based platform has initially launched a desktop and mobile web version with limited functionality, and will be rolling out a mobile app and full social features in the near future.

Artemis is hoping to attract new users with 0% transaction fees on trading until the end of February.

The firm stated that it was focused on building a one stop shop mobile platform to provide a user-friendly platform that can be accessed on the go, as it highlighted that the NFT sector currently lacks a “compelling user experience” despite its booming popularity.

"We want our users to be able to conduct their whole NFT experience all in one app. From discovering and hanging out with creators, to collecting NFTs, to interacting, sharing and commenting with friends."

Related: China aims to separate NFTs from crypto via new blockchain infrastructure

Steve Aoki stops live show to flaunt NFT acquisition

Millionaire DJ Steve Aoki abruptly stopped one of his live music events this week to flaunt a freshly acquired NFT that many of his fans could only dream to afford.

Aoki tweeted a video on Jan. 12 sharing his glee at snapping an NFT from the Doodles collection accompanied by a caption that read:

“Had to stop my show to celebrate my excitement on my doodle! Nfts make me feel like a kid again.”

The Doodles project consists of 10,000 NFT avatars featuring art by popular Canadian artist Burnt Toast. The NFTs currently have a floor price of 11.75 Ether (ETH) worth roughly $38,300 at the time of writing.

Aoki is a major NFT proponent with his fingers in multiple honey pots, and his latest behavior suggests early signs of a crippling NFT addiction.

Other Nifty News

A group of editors on Wikipedia voted against classifying NFTs as a form of art on Jan. 12, opting to exclude NFT art sales from the list of top art sales of living artists. They have agreed to re-open discussions at a later date however.

U.S.-based music streaming platform LÜM is slated to relaunch as an NFT platform later this quarter. It is shifting its focus to musician-focused fan NFTs that enable users to support the artist of their choosing.

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe