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DYDX Rallies 18% After Derivatives Exchange Delays Token Release
DYDX, the native token of the decentralized perpetuals exchange dYdX, soared 18% after the dYdX Foundation announced it will delay a scheduled unlock of 130M tokens worth around $300M by ten months. On Thursday, dYdX published a blog post announcing that the 130M DYDX tokens earmarked for “investors, employees, and...
thedefiant.io
Layer 1 Tokens Rally As Investors Shrug Off GDP Growth
Tokens for smart contract platforms defied the mild swoon in crypto markets Thursday and Friday. MATIC, the native token of the Polygon blockchain, a popular scaling solution for Ethereum, jumped 8% in the last 24 hours in early morning trading U.K. time. Fantom’s FTM is up 6%, according to The Defiant Terminal.
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Magic Eden Eyes Change As It Navigates Bear Market
Like its competitors, NFT marketplace Magic Eden has had a rough year. It dominates the NFT market on Solana, handling at least 90% of the trading volume on any given week, according to an analysis of data from Nansen. On Ethereum, NFT trading volume is a fraction of what it was at the beginning of 2022 – on Solana, trading volume has held steady.
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MarketAcross Named As European Blockchain Convention’s Web3 Lead Media Partner
Leading blockchain marketing firm MarketAcross has joined the upcoming European Blockchain Convention (EBC) as its main global media partner. The convention, now in its eighth edition, is expected to welcome over 2,500 attendees to the Hyatt Regency in Barcelona between 15-17 February. As part of the strategic partnership, the experienced...
Billionaire Gautam Adani Loses $26 Billion in 3 Days
The Indian tycoon and his empire are facing allegations of fraud by an American short-seller. Their answer does not convince investors for the moment.
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Flare Partners With Blockchain Security Specialist FYEO For Ongoing Audits
Flare is pleased to announce an official partnership with blockchain security specialist, FYEO. The firm will perform ongoing security audits of Flare’s codebases, providing actionable feedback to support safer smart contract development and help to minimize risk for all users of the network. Rigorous professional auditing and testing are...
thedefiant.io
Pudgy Penguins and Doodles Seek Alternatives to Ethereum
Despite Ethereum being the birth-place of NFTs, some of the network’s most popular NFT communities are expanding onto alternative Layer 1 blockchains. The reason? The threat Ethereum’s high gas fees may return. On Thursday, Pudgy Penguins and Doodles both announced they will expand beyond Ethereum. Pudgy Penguins launched...
thedefiant.io
Obscure NFT Collection Rockets to $83M
Obscure NFT Collection Based on Memes Fetches $83M Market Cap. Founded by Punk6529 The Memes Seeks to Change Up NFT Model and Pursue ‘Open Metaverse’. On Jan. 19, something unusual happened in the NFT market — a CryptoPunk, which typically sells for a minimum of $100,000, was swapped for a full set of tokens from an obscure collection called The Memes.
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