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Solana’s Stablecoin Transfer Volume Drops Drastically Amid Scrutiny


According 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...

GMX formally introduces Chainlink data streams on Avalanche


GMX has been the initiator for introducing Chainlink data streams on Avalanche, utilizing data streams to boost its decentralized perpetual exchange. Chainlink data streams help pitch advanced high-output DeFi markets on Avalanche. The other players in this include Chainlink and Avalanche. ...

Chainlink Data Streams Activate on Avalanche Blockchain With GMX Integration


Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain...

Marathon Digital Expands Mining Operations to Include Kaspa


Marathon Digital Holdings Inc. has diversified its mining activities by adding kaspa (KAS), a proof-of-work digital asset, to its portfolio. The initiative has already yielded significant results, with the company mining 93 million KAS, valued at approximately $15 million as of June 25, 2024....

Vaneck Seeks SEC Approval for Solana-Based ETF


In a significant expansion of its cryptocurrency offerings, Vaneck has announced the filing of the first U.S. exchange-traded fund (ETF) focused on Solana. This move marks a strategic enhancement of Vaneck’s digital asset products, according to Matthew Sigel, head of digital asset research....

NodeKit Partners with Polygon for enhanced Blockchain interoperability


An exclusive association has been formed between NodeKit and Polygon, which will improve the flexibility factor throughout multiple Blockchain networks. This will result in an uninterrupted and incorporated Web3 scenario. Here, the name of the game is interoperability.  NodeKit plays an integral...

Despite Fee Reduction, Bitcoin Network Faces Stubborn Transaction Backlog


Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s...

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