2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry.
Axelar launches $60M startup ecosystem program
The program aims to accelerate the development of decentralized applications and protocols to replace centralized exchanges.
MetaMask allows to move tokens on multiple blockchains with new DApp
Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said.
Traders expect 200% upside from MATIC, but does Polygon network data support that?
MATIC’s recent rally and partnerships are turning heads and on-chain activity may hint at further growth.
BNB Chain cools off after 24% surge, but strong fundamentals could back the next BNB rally
BNB price took a brief breather after a recent double-digit rally, but the network’s TVL and DApp use are reasons for investors to remain bullish.
New oracle system to help DApps retrieve millions lost to MEV
OEV-enabled oracles auction off the right to extract on-chain value to the same third-party searchers who used to bid for the blockspace.
BNB Chain DeFi ecosystem recovers almost one-third in three months
On the DeFi side of things, BNB Chain suffered a 93% decrease from Q3 of 2021 but has since shown signs of steady recovery.
3 key Solana metrics explain exactly why SOL price is down
SOL price is down 29% since August, and three key metrics suggest bulls are in no rush to return.
Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar
The blockchain gaming sector remains active in terms of adoption and venture capital firms have taken notice, according to industry data.
Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K
The Ether futures premium remains negative, while options markets are pricing similar risks for bulls and bears.
Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved
With the countdown now under 24 hours for Cardano’s most ambitious upgrade, all three metrics necessary to launch the awaited Vasil upgrade have been met.
BNB Chain launches a new community-run security mechanism to protect users
The AvengerDAO was developed in association with some of the leading blockchain security analy firms and top DeFi projects in the crypto ecosystem.
Coinbase Lists 4 Possible Risks Of Ethereum Merge
The Ethereum Merge remains one of the most anticipated events in the crypto space. The upgrade was scheduled to happen on September 15, 2022. It was a long-awaited blockchain transition as it moved from PoW to PoS. The change will merge the Beacon Chain and the Ethereum mainnet to become a single blockchain.
As an event in the industry, several reactions and discussions have occurred concerning the Merge. The Ethereum community is in high hope for the success of the transition. On its part, the Ethereum developing team has completed all the necessary checks and steps that will finally activate the Merge.
Following the recent flow of activities on the preparation and waiting for the Merge, reactions are getting intense. One of the global top crypto exchanges, Coinbase, has made some shocking disclosure.
Coinbase Cloud had identified four possible risks with the Ethereum Merge. The risks are operational, technical, lack of client diversity, and economic.
Potential Risks Of Ethereum Merge
Based on its highlighted points, Coinbase also offered some details on the risks.
Operational Risks: Recall that during the Bellatrix, there was a drop in the participation of node operators and validators. Some of the operators didn’t complete the upgrade for their clients. Also, there are some behind-the-scene activities such as testnets, client releases, last-minute releases, and others.
According to a recent developer report, just 85% of nodes have completed the necessary and latest client releases. In addition, there are records of about 25% to 30% of validators that couldn’t complete the Sepolia upgrade. They were thrown offline due to issues as per configuration.
Technical Risk: The Merge involves the merger of two different blockchains, the Ethereum mainnet and the Beacon Chain. While the first is based on PoW, the second is based on PoS. This makes the Merge to be one of the most complex upgrades technically in the crypto space. Hence, it is highly prone to bug attacks and other technical hitches.
An instance of the bugs was experienced with the upgrade of execution layer clients Nethermind and Go Ethereum (geth). However, the developers’ team provided a handy fix and possible guidelines to avoid a repeat.
Risk of Lack of Client Diversity: Once a client lacks diversity, it could hike the risk of a consensus client being dominant among others. Such a client may violate consensus or even use its terms to propose blocks.
Economic Risk: With the Merge, miners will become irrelevant on the Ethereum blockchain as validators take over block production. Also, the type of GPUs for mining Ether differs from that for BTC. So, they can even switch to Bitcoin mining. Their alternatives will be on any available mineable coins.
Bitcoin falls on the chart l BTCUSDT on Tradingview.com
Additionally, the Ethereum PoW fork may create significant issues with protocols and dApps on the blockchain.
Featured image from Pixabay, chart from TradingView.com
GameFi fundraising jumps 135% in August, but is still down from June: Report
Web3 games and Metaverse projects have raised $748 million in funds last month.
DApp activity rises 3.7% in August for the first time since May: Finance Redefined
DeFi token finally broke out of two-week-long bearish price dominance to trade in the green, where several tokens in the top 100 registered double-digit gains over the past week.
DeFi dapps activity rises 3.7% in August for first time since May – Report
Despite a slight recovery, DeFi TLV has lost $250 billion this year.
Gaming makes up over half of blockchain industry usage, DappRadar
The gaming sector accounts for nearly 51% of the activity in the blockchain industry with hundreds of millions in transactions, according to August data.
Analyst says 40% of users in most Web3 games are bots — Here’s how to avoid being fooled
In DApps, daily active users is an easy metric to manipulate. Let’s review a few ways to cross-reference the authenticity of the metric.
Decentralized apps on Polygon hit 37,000, rocketing 400% this year
It comes as the number of monthly active teams for the blockchain reached 11,800 in July, up from 8,000 in March.
BNB rallies 39% despite smart contract deposits dropping 28% — Should investors be worried?
BNB Chain’s total value locked dropped more significantly than its competitors, but the network’s decentralized applications are not fading out.