Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur a cost of $66. Transfers and Dex Swaps Costlier as Ethereum […] Source CryptoX Portal
Sony, the Japanese electronics behemoth, has filed a patent involving the use of non-fungible tokens (NFTs) as part of in-game mechanics. Sony’s patent describes the usage of a “Super-Fungible Token,” an amalgamation of a set of gaming assets, allowing the selection of only one of them per time in the gaming implementation. Sony Files Patent […] Source CryptoX Portal
The Optimism Foundation recently sold approximately 19.5 million OP tokens, valued at nearly $90 million, to an unnamed buyer, with these tokens being sourced from the unallocated segment of their OP Token treasury initially set aside as working capital. This sale is part of the foundation’s management of the Optimism network, a blockchain designed to […] Source CryptoX Portal
The cryptocurrency project Worldcoin, spearheaded by Sam Altman, has faced another setback as Spain takes steps to block the venture. The Spanish data protection regulator, AEPD, has ordered Worldcoin to immediately halt the collection of personal information within the country and cease using the data it has already gathered. Concerns Over Worldcoin Eyeball-Scanning Data Collection According to a Financial Times report, the AEPD expressed concerns about the project’s use of an eyeball-scanning “orb” to collect customers’ data. The regulator is expected to announce a “precautionary measure” on Wednesday, and Worldcoin…
The KMNO token will serve as a governance asset from launch day, Thomas said on the Zoom call Thursday. Its holders will ultimately have influence over Kamino’s incentive programs, revenue disbursements, protocol operations and risk management, according to a tweet from Kamino. Source
Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim toward progressive decentralization, rewarding dedicated users and developers within the Wormhole ecosystem. Wormhole to Airdrop W Token to Advance Defi Interoperability Wormhole, a facilitator of […] Source CryptoX Portal
Wrapped assets introduced a wave of DeFi innovation that cross-chain protocols are looking to take forward. Source
The digital asset known as maga (TRUMP) has experienced significant appreciation, while a newer cryptocurrency, jeo (BODEN), has seen its value skyrocket by 1,597%, as per data from coinmarketcap.com. In the last 24 hours alone, BODEN has witnessed trading volume amounting to $34.50 million on decentralized exchange platforms such as Raydium and Orca. Biden-Inspired BODEN […] Source BitcoincryptoexchangeExchanges CryptoX Portal
UNI advanced over 20% in the past 24 hours, hitting $17 for the first time since Jan. 2022 before slightly retreating to $15.7. The token outperformed bitcoin’s (BTC) 3% recovery after yesterday’s plunge and the broad-market, altcoin-heavy CoinDesk 20 Index’s (CD20) 1% decline during the same period. Source
OrdiZK, a project that set out to become a bridge between the Bitcoin, Ethereum and Solana blockchains, appears to have pulled an exit scam, with developers apparently siphoning more than $1.4 million from separate wallets, according to blockchain security firm CertiK. Source