A closely followed crypto analyst says that one Solana (SOL) rival is exhibiting market strength despite Bitcoin’s (BTC) pullback to the lower $90,000 range. Pseudonymous analyst Pentoshi tells his 822,400 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) is primed for another leg up. “SEI is […]
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According to a report by hedge fund Syncracy Capital, Solana now rivals Ethereum in almost every economic metric.
The Solana network has been closing the gap with Ethereum as key metrics indicate a rise in market share revenue in 2024.
A bullish report published on Nov. 12 by hedge fund Syncracy Capital claims that Solana now rivals Ethereum in nearly all major economic metrics, showing consistent growth over the past few months.
According to the report, Solana’s real economic value (REV) was 111% of Ethereum’s REV in October 2024, up from 1% in the same period last year. The metric includes transaction fees and maximal extractable value (MEV) tips paid to validators, indicating the network’s economic activity.
A closely followed trader known for making timely altcoin calls believes six crypto assets are the fastest horses in the digital asset race. Pseudonymous analyst The Flow Horse tells his Telegram subscribers that six altcoins are ahead of the crypto pack including projects in the artificial intelligence (AI), memecoin and layer-1 sectors. “Memes are more […]
The post Top Trader Names Six Altcoins Leading the Crypto Pack, Says ‘Mega-Strong’ Coins Likely Seeing Cooldown for Now appeared first on The Daily Hodl.
The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth. Foundation Established to Foster Bitcoin’s Infrastructure Growth Gomining states that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin’s layer one (L1) […]
According to analysts at VanEck, Ethereum’s share of decentralized exchange trading volume has dropped from 42% in 2022 to 29% in 2024.
Asset manager VanEck outlined multiple factors contributing to Ether’s (ETH) poor price performance in its Crypto Monthly Recap for August 2024.
The report divided the issues plaguing Ethereum into three main categories: a general decline in network revenue, “deliberate policy choices,” and value extraction from layer-2 solutions and service providers.
According to VanEck, a consumer shift to higher-throughput layer-1 blockchains like Solana (SOL) is partially to blame for the general revenue decline on Ethereum. Analysts for VanEck asserted that the “best use case for public blockchains at this early stage is speculation.”
Aptos will be able to support confidential DeFi, private AI assistants and more.
Aptos is integrating privacy platform Nillion to support privacy-preserving applications on the layer-1 blockchain network, Nillion told Cointelegraph on Aug. 29.
Aptos will be able to support applications such as confidential decentralized finance (DeFi), private artificial intelligence assistants, secure social media, private gaming and collectibles, and more, Nillion said.
“DeFi users could benefit from private trade execution or hidden liquidation vaults, while supply chains could enhance transparency without compromising sensitive data,” according to Nillion.
It joins Grayscale's suite of more than 20 crypto investment products.
Asset manager Grayscale Investments launched a new investment fund for Avalanche’s native token, AVAX, according to an Aug. 22 announcement.
The Grayscale Avalanche Trust “offers investors the opportunity to gain exposure to Avalanche (AVAX), a three-chain smart contract platform designed to simultaneously optimize for scalability, network security, and decentralization,” Grayscale said.
Avalanche is a layer-1 blockchain network with a focus on facilitating real-world asset (RWA) tokenization, which involves converting tangible assets, such as real estate, commodities, or fine art, into digital on-chain tokens. On Aug. 22, Franklin Templeton expanded its blockchain-integrated money market fund to Avalanche.
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, writer Ollie of Blocmates answers many questions about Berachain, including what it is, why you should care, and what you should be paying attention […]
While the biggest blockchain bridge hacks have centered on private key mismanagement, according to Joshua Tobkin, CEO of Supra, smart contract errors and cryptography implementation issues also contribute to cybercriminals’ success. Tobkin said while bridges are poised to play an increasingly critical role in blockchain interoperability, their control by a small number of validators poses […]
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, writer Gaz of Blocmates breaks down Megaeth, one of the hottest Layer 2s, including explaining the technical reasons why so many people are excited […]