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This is How Much Crypto Users Grew in 2024, According to Flipside’s On-Chain Analysis

This is How Much Crypto Users Grew in 2024, According to Flipside’s On-Chain Analysis

Daily Crypto News
The crypto market grew extremely in 2024 in the middle of increasing coin costs, however the very same can not be stated for on-chain users throughout many pertinent chains. A 2024 on-chain user report by the blockchain development platform Flipside exposed a requirement for networks to provide amount and quality on-chain activity to draw in users and turn them into high-value factors. According to the report shown CryptoPotatojust Base, the layer-2 network introduced by the biggest American crypto exchange, Coinbase, experienced rapid development in user count for 2024. Other networks, like Bitcoin and some Ethereum-based layer-2 chains, had a hard time to keep their development and even draw in brand-new users throughout the year. Base and Ethereum Take the Lead Flipside's report exposed...
No Middleman, No Problem? What 2025 Holds for Decentralized Exchanges

No Middleman, No Problem? What 2025 Holds for Decentralized Exchanges

Daily Crypto News
HodlX Guest PostSubmit Your Post In 2024, DEXs (decentralized exchanges) snagged a higher part of the crypto trading pie, showing the future of financing is securely headed towards decentralization. And Trump's current success has actually just strengthened this pattern, with Bitcoin's cost rising to almost $91,000. As regular monthly DEX trading volume overlooked $250 billion in March and June 2024 for the very first time given that 2021, it's clear that traders are significantly choosing the advantages of autonomy and openness these platforms provide. Over the previous 12 months, numerous DEX platforms have actually fine-tuned their offerings to boost the trading experience while focusing on monetary inclusivity and trust. This development shows that the marketplace is not simply advan...
XRP’s 275% Yearly Growth Might Have Left It Overvalued– Here’s Why

XRP’s 275% Yearly Growth Might Have Left It Overvalued– Here’s Why

Daily Crypto News
Is XRP miscalculated? This is one concern that the wider market has actually asked considering that the altcoin started its dynamite in November. While some have actually hoped that the XRP rate rally will go away, a substantial correction has actually not occurred. According to this on-chain analysis, the token may quickly be overpriced when compared to the total market condition. The Ripple Token Faces Huge Risk About one month earlier, XRP's cost broke the $1 mark for the very first time in a long while. Some market observers thought it to be a fakeout. That belief turned out to be incorrect, as it now trades at $2.36. Regardless of numerous forecasts coming out that the token's worth may rally towards the $5 mark, some on-chain indications recommend that it might be difficult. ...
LINK to $50? Here’s what the altcoin should do to strike that cost target!

LINK to $50? Here’s what the altcoin should do to strike that cost target!

Daily Crypto News
Reporter Published: December 21, 2024 Share this post Market belief around the token has actually stayed bearish recently Metrics showed that the possibility of a continual bull rally can't be ruled out After a significant dip recently, Chainlink [LINK] when again gotten bullish momentum over the last 24 hours. This simply may not be the result of altering market conditions, however the start of a larger bull run. Does this imply the token can now eye $50? Chainlink bulls are here once again Chainlink tape-recorded a 16% cost drop recently. The bulls were fast to step in and handled to ...
Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41%

Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41%

Daily Crypto News
Tether Takes $775M Stake in Video-Sharing Platform Rumble; RUM Shares Soar 41%Upgraded Dec 20, 2024, 10:25 p.m. UTCPublished Dec 20, 2024, 10:15 p.m. UTCYouTube rival Rumble (RUM) remains in an offer for a $775 million tactical financial investment from stablecoin huge Tether.Rumble will utilize $250 countless the cash to support operations and the rest to money a tender deal for as much as 70 million shares of its typical stock at a rate of $7.50, according to a Friday night news release. That $7.50 is the exact same cost per share Tether is spending for its stake."I genuinely think Tether is the ideal partner that can put a rocket pack on the back of Rumble as we get ready for our next stage of development," stated Rumble CEO Chris Pavlovski."Legacy media has actually significantly deter...
DeFi Accounts for Over 80% of DApp Revenue on Solana

DeFi Accounts for Over 80% of DApp Revenue on Solana

Daily Crypto News
By Philip Maina17 hours agoSat Dec 21 2024 07:47:33 Checking out Time: 2 minutes Over 80% of DApp income on Solana originates from DeFi activities DApps throughout Solana recognized more than $360 million in profits in November The majority of the profits originated from memecoin platform Pump.fun More than 80% of the $365 million produced by Solana DApps in November originated from DeFi activities, compared to other sectors like wallets and facilities. According to a brand-new report by Syndica, $106 countless the earnings originated from memecoin platform Pump.fun with memecoin-focused DApps producing over $500 million up until now th...
Fuel for lease: Harnessing idle GPU power can drive a greener tech transformation

Fuel for lease: Harnessing idle GPU power can drive a greener tech transformation

Daily Crypto News
Fuel for lease: Harnessing idle GPU power can drive a greener tech transformation Jakub Ondrasek · 5 hours ago · 3 minutes checked out Blockchain innovation makes it possible for on-demand GPU gain access to, driving effectiveness and sustainability by changing idle resources into shared possessions. 3 minutes checked outUpgraded: Dec. 21, 2024 at 1:00 pm UTC Cover art/illustration by means of CryptoSlate. Image consists of combined material which might consist of AI-generated material.The following is a visitor post by Jakub Ondrasek, CEO at Clore AI.Tech developments such as AI, cryptocurrency, quantum computing and VR are redefining modern-day life. Many customers do not understand just how much high-performance computing power is required to sustain such modifications. This com...
NFT Gaming Project CyberKongz Receives Wells Notice from SEC

NFT Gaming Project CyberKongz Receives Wells Notice from SEC

Daily Crypto News
CyberKongz, a gaming-based NFT task, revealed on December 16 that it has actually gotten a Wells Notice from the U.S. Securities and Exchange Commission (SEC). The notification raises issues about the platform's combination of its ERC-20 token with blockchain video games and concerns elements of its activities, including its 2021 agreement migration. The SEC's Argument In a post on X, the CyberKongz group revealed their discouragement with the firm's handling of the scenario, stating: "We are very dissatisfied at the technique the SEC has actually taken towards us, however we are going to stand and defend a brighter future that holds more clearness for NFT jobs." They divulged that the problem started 2 years back when the regulator initially called them, throughout which time they ran sil...
Binance Drops a Surprise: Four New Futures Coins Listed simultaneously (AIXBT, FARTCOIN, KMNO, and CGPT)

Binance Drops a Surprise: Four New Futures Coins Listed simultaneously (AIXBT, FARTCOIN, KMNO, and CGPT)

Daily Crypto News
By CryptoNinjasSecret Takeaways:Binance've noted 4 brand-new continuous futures agreements simultaneously: AIXBT, FARTCOIN, KMNO, and CGPT.AI tokens, meme coins, and DeFi are hot locations, and Binance is offering users more trading alternatives in these areas.Why It Matters?Binance is making huge transfer to grow its offerings. Noting 4 futures coins simultaneously is a strong action. It shows they're concentrated on conference what users desire. They're blending enjoyable meme coins with state-of-the-art AI tasks. This makes the crypto market both interesting and unforeseeable.Futures trading isn't for everybody. The take advantage of is high, therefore are the threats. One bad choice can cause significant losses. Beware!A Closer Look at the Four FuturesHere's what Binance has actually i...