Solana, Terra Look Set to Retrace Before Higher Highs
Terra’s TVL surges 17% within 7 days to hit $31 Billion. The Terra (LUNA) decentralized finance (DeFi) ecosystem has been a hub of activity recently. In the last seven days, the total value locked (TVL) of Terra’s DeFi ecosystem surged 17% to reach a new all-time high of a whopping $31 billion.
Ripple Co-Founder (as well as its former CEO) Chris Larsen, who is currently Executive Chairman of Ripple’s board of directors, is backing a new campaign to transition Bitcoin from proof-of-work (PoW) network to proof-of-stake. According to a report by Bloomberg, Larsen, alongside several climate activist groups including Greenpeace,...
Different headwinds across the globe have seriously affected digital assets directly or indirectly. These includes everything from inflation concerns, EU anti-crypto amendments to government bans. Whatever the reason be, investors want to reduce their exposure to risky assets.
On Thursday (March 31), Arthur Hayes, Co-Founder and former CEO of crypto derivatives exchange BitMEX, talked about Bitcoin and Ethereum, and more specifically about the portions of his crypto portfolio allocated to these two cryptoassets. In his blog post, Hayes explained why he is currently more bullish on...
Terra’ LUNA cryptocurrency has surged to a new all-time high of $112 registering another 10% gain earlier today. As of press time, LUNA is trading at a price of $11.79 with a market cap of $39 billion. Furthermore, Terra is also the third-largest blockchain platform in terms of total staked value and sits underneath Ethereum (ETH) and Solana (SOL). The latest price rally in LUNA comes as the Luna Foundation Guard (LFG) has been on an aggressive Bitcoin buying spree in...
Solana (SOL), the native token on the popular proof-of-stake (PoS) blockchain, became the sixth-largest cryptocurrency by market capitalization following a stellar rally over the past week. The token jumped two spots in the list on Thursday, overtaking Ripple (XRP) and Cardano (ADA) while also avoiding broader weakness in the crypto market. SOL jumped nearly 17% over the past seven days and was last trading around $120, its highest level since late-November. The token also rose 0.4% in the past 24...
Popular pro-cryptocurrency web browser Opera has revealed its built-in crypto wallet and web 3.0 browser, has announced it’s adding support for several major networks, including Solana ($SOL), Polygon ($MATIC), Axie Infinity’s Ronin, Nervos, Celo, and IXO. According to an announcement the firm published, Opera’s “tens of millions” of...
The multi-chain future, where users of blockchain technology no longer have to choose only one platform, is approaching rapidly. LayerZero, an omnichain interoperability protocol, has completed a Series A+ funding round.