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“# Chainlink Verifiable Random Function v2 goes live on mainnet ” On Wednesday, blockchain oracle solution Chainlink (LINK) announced the release of Chainlink Verifiable Random Function, or VRF, v2. As told by its developers, the new, improved version of the random number generator can reduce transaction fees by 60% compared to v1. Randomness is a…
“# Wormhole hack illustrates danger of DeFi cross-chain bridges ” Solana has become one of the fastest-growing smart contract blockchain networks since it was first officially launched in March 2020. The total value locked (TVL) on decentralized finance (DeFi) protocols on the network grew from nearly $152 million in March 2021 to $8.08 billion at…
“# 18.36M Ethereum addresses joined the network in 2021 ” New data reveals that the Ethereum network gained 18.36 million addresses with a balance greater than zero in 2021. That works out to an astonishing growth rate of 1.53 million new addresses per month, but competition is becoming increasingly fierce for market share. Blockchain intelligence…
“# What are the top metaverse projects besides The Sandbox and Decentraland? | Watch The Market Report live ” This week on “The Market Report,” we jump right into our main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth, Sam Bourgi and Ornella Hernández as they debate each other on the top metaverse projects on…
“# LooksRare team cashes out $30M in WETH, faces community backlash ” LooksRare, a nonfungible token (NFT) marketplace touted to be the OpenSea killer, became the talk of the NFT world after the team behind the project cashed out millions in Ether (ETH). The NFT marketplace confirmed that the core team has cashed out 10,500…
“# Binance Smart Chain and Binance Chain become BNB Chain ” Decentralized blockchain ecosystem Binance Smart Chain (BSC) announced on Tuesday that the Binance Chain and Binance Smart Chain are uniting under a new name, BNB Chain, in a bid to reflect their connection with the native token of the ecosystem Binance Coin (BNB). According…
“# Blockchain platform Axelar establishes unicorn status, mainnet launch impending ” The Axelar Network has announced the completion of a $35 million Series B funding round, pushing its market value above $1 billion. Participants of the round include Dragonfly Capital, Polychain Capital and North Island Ventures, among others. The raise succeeds a previously undisclosed round…
“# Gnosis (GNO) continues uptrend after vCOW airdrop and rebrand to CoW Protocol ” Airdrops, going ‘multi-chain’ and massive multi-million dollar developer incentives were some of the key marketing and rebrand tactics blockchain projects used in 2021. This trend appears set to continue in 2022 and Gnosis (GNO) appears to be jumping on the bandwagon….
“# Injective Protocol (INJ) rallies 100%+ after launching cross-chain support for Cosmos ” Trading perpetual futures contracts in decentralized apps is a crypto sub-sector ripe for growth, especially as discussions of regulation, taxation and mandatory KYC at centralized exchanges continue to take place. One DEX platform that has begun to gain traction is Injective (INJ),…
“# What’s shaping the future of the institutional crypto market? ” 2021 was a big year for cryptocurrency. El Salvador became the first country to adopt Bitcoin (BTC) as legal tender. In November 2021, the price of Bitcoin hit an all-time high approaching the psychologically significant mark of $70,000. And, all along the way, industry…