Solana has surpassed Ethereum for monthly decentralized exchange (DEX) trading volume for the first time in crypto history. Solana (SOL) DEX volume hit $55.8 billion in July, outpacing on-chain trading activity on Ethereum (ETH) between July 1 and July 31, per DefiLlama. Ethereum, the largest chain for decentralized finance, recorded $53.8 billion in the same period. Layer-2 networks like Arbitrum and Base and L1 blockchain Binance Smart Chain comprised the most volume after Solana and Ethereum. Monthly DEX volume on Aug. 1 | Source: DefiLlama What’s driving Solana’s volume? Solana’s…
Category: CryptoX News
Coinbase Reports $1.4 Billion in Q2 Revenue Amid Industry’s Regulatory Advances
Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a key development for the broader crypto economy. Coinbase Publishes Q2 2024 Earnings and Shareholder […] Source CryptoX Portal
Hamster Kombat Releases Whitepaper, Allocates 60% of Upcoming Airdrop to Community Distribution
Hamster Kombat, the popular tap-to-earn game built on the TON network, has announced the release of its whitepaper and an updated development roadmap. Through social media, the project revealed that, due to players’ contributions to its success, it has allocated 60% of its upcoming airdrop for community distribution. Hamster Kombat Updates Roadmap, Discloses Community Distribution […] Source CryptoX Portal
Best Wallet Launches Airdrop Campaign Offering Free $BEST Tokens
Best Wallet has just launched an airdrop campaign for its native BEST token. But this isn’t just another free token giveaway. Instead, it’s a ticket to a complete Web3 toolkit that could give users a head start in the DeFi space. Best Wallet – Your Ultimate Web3 Companion Best Wallet is aiming to be the […] Source CryptoX Portal
Bank of Russia Expects Wide Adoption of Digital Ruble Within 5 to 7 Years
Elvira Nabiullina, the governor of the Bank of Russia, declared that she expects the digital ruble, the Russian CBDC, to achieve a high level of acceptance due to the benefits it offers to Russian citizens. During a speech at the Federation Council, Nabiullina stated that it would be widely adopted within five to seven years. […] Source CryptoX Portal
SUN.io Launches SUN DAO to Enhance Decentralized Governance and Drive Ecosystem Innovation
PRESS RELEASE. Singapore, August 1st, 2024 – SUN.io, a leading DeFi platform built on the TRON blockchain, is thrilled to announce the launch of SUN DAO. This strategic initiative aims to enhance SUN.io’s decentralized governance and community autonomy. By expanding the real-world use cases of the SUN token, SUN DAO will support the development and […] Source CryptoX Portal
UQUID Integrates USDT on TRON for Seamless Public Transport Payments in Argentina
PRESS RELEASE. Buenos Aires, Argentina – August 1st, 2024 – UQUID, a pioneer in Web3 shopping platforms, has introduced a new feature allowing users to top up their SUBE cards using USDT on the TRON blockchain. This new functionality aims to streamline how Argentine commuters manage their public transportation expenses, leveraging cryptocurrency for everyday transactions. […] Source CryptoX Portal
Web3 Game Con: The World’s Largest Web3 Game Show Debuts at ABS2024 in Taipei
PRESS RELEASE. Taipei, Taiwan – 1st August, 2024 — Web3 Game Con, the largest Web3 gaming expo in Asia, is set to take place from August 6-8 at ABS2024. This landmark event, organized by GEDA Esports in conjunction with the Asia Blockchain Summit (ABS), will be hosted at a 1,500 square meter zone at the […] Source CryptoX Portal
BOME falls 14% as investors overselling amid market-wide FUD
The eighth-largest meme coin, Book of Meme, witnessed a sharp decline as the broader cryptocurrency market witnessed a bearish storm. The Book of Meme (BOME), a Solana-based meme coin, fell by over 5.7% in the last 24 hours to $0.00976, marking a 14% drop after reaching a six-week high of $0.0114 at 07:25 UTC on July 31, according to crypto.news data. BOME price and RSI – Aug. 1 | Source: crypto.news Despite the recent downturn, BOME is still the top gainer among the leading 100 cryptocurrencies by market capitalization over…
Veterans From EA, Nintendo, Blizzard and More Launch Bomberman-Style Web3 Game
A subsidiary of Animoca Brands has launched the open beta of its new Web3-centric action game, Cosmic Bomber. Developed by industry veterans from Sony, Electronic Arts, Nintendo, Lucas Arts, and Blizzard, the game is now available to over 1.77 million holders of Moca ID, the identity layer of Animoca Brands’ network. Cosmic Bomber offers strategic […] Source CryptoX Portal