Chainlink Integrates Price Feeds with Coinbase’s Base Testnet Chainlink announced the integration of its price feeds with Coinbase’s Base testnet Ethereum Layer 2 blockchain. Buying momentum waned, leading to a decline in LINK’s price. The Chainlink SCALE program will enable developers to access Chainlink services at lower costs. Chainlink [LINK], the leading oracle network, has…
Aptos’s NFT trading volume has plummeted, leading to a decrease in total value locked (TVL) and declining market cap. Key updates were provided by Aptos, including a partnership with Jujube Finance and the community test of Gran Saga Unlimited. Development activity showed signs of a rebound at the time of writing, however transaction volume had…
El Salvador to Open a Bitcoin Embassy in Texas – El Salvador is planning to open a „Bitcoin [BTC] embassy“ in Texas, as announced by El Salvador’s ambassador to the United States, Milena Mayorga. Legalization of Bitcoin as Legal Tender – In September 2021, El Salvador legalized Bitcoin as legal tender and became a global…
BNB outperformed Ethereum – BNB’s daily active users exceeded 815,000, while Ethereum and Polygon [MATIC] reached 344,000 and 277,000 respectively. DAU declining – Data from Dune Analytics revealed that BNB’s DAU has been declining in recent months. Not only did the DAU decline but also the network’s NFT space witnessed a similar trend in terms…
• Avalanche (AVAX) experienced a surge in social mentions and dominance last week. • Intain announced its tokenized marketplace for asset-backed securities, built on Avalanche. • AVAX’s price rallied last week, registering double digit gains and topping the list of gainers in the Avalanche ecosystem. Avalanche (AVAX) Experiences Surge in Social Mentions Avalanche’s social dominance…
• Solana’s [SOL] indicators suggest the arrival of market bears due to its high Market Capitalization/TVL ratio. • Despite this, SOL’s demand across the derivatives market has increased and it is currently trading at $25.55 with a market capitalization of more than $9.4 billion. • However, Solana’s recent price action and on-chain metrics indicate that…
• CRV’s price has rallied by over 100% since the beginning of the year, with daily trading volume increasing by 200%. • Whale transactions for CRV have increased, suggesting continued bullish sentiment. • Open Interest and key indicators RSI and MFI are pegged at overbought highs, indicating a potential decrease in market demand. CRV Price…
• Aave (AAVE) has been trading in a sideways range since mid-January, currently hovering around $86.4. • The current price action has created critical supply and demand zones, offering swing traders profit levels. • Price action could change after the FOMC announcement, with a bullish Bitcoin pushing AAVE to break above the range and target…
• Bitcoin [BTC] started the year with a strong rally of 23.3%, leading to many investors and miners netting unrealized gains. • Glassnode assessed a few on-chain metrics to determine the meaning behind last week’s recent price surge and underlying factors behind the same. • The metrics revealed that BTC’s price surpassed the psychological level…
• GMX, a decentralized exchange, has proposed a launch on the Binance Smart Chain (BNB) in order to mutually benefit both parties. • Activity on the BNB chain has declined, as reflected in a drop in dApp usage, a decrease in the frequency of BNB transfers between addresses, and a decrease in the overall volume…