In A Nutshell SushiSwap, a decentralized exchange, recently garnered support from its community to transition towards a “Labs model,” marking a shift to a less decentralized governance structure. In a preliminary signal vote that took place on April 10, over 62% of participants endorsed the proposal, highlighting a significant moment for the platform’s future direction….
In A Nutshell Cardano (ADA), a prominent blockchain platform, has shown mixed signals in its recent market performance and on-chain metrics. Despite a significant drop in its price and a decrease in whale activities, indicators like the mean coin age and Market Value to Realized Value (MVRV) ratio hint at potential undervaluation. In contrast, the…
In A Nutshell The ongoing surge in Bitcoin Exchange-Traded Fund (ETF) activity is anticipated to persist until the much-anticipated Bitcoin halving event, scheduled for April 20th. This projection comes from Santiment, a leading on-chain analytics firm, which also highlighted an unwavering interest in these financial products despite the cryptocurrency reaching its all-time high in mid-March….
In A Nutshell The digital asset XRP is witnessing a significant upsurge, potentially marking the dawn of a bullish phase that could mimic its 2021 peak performance. A notable crypto analyst has suggested that now may be the optimal time for investors to accumulate XRP. Amidst a market showing bullish signs, metrics from Santiment and…
In A Nutshell Base, the layer-2 network developed by cryptocurrency exchange Coinbase, has recently marked a significant milestone by achieving over $4 billion in total value locked (TVL), showcasing a growth of more than 13.2% in the past week. This leap positions Base as the third largest Ethereum layer-2 by TVL, surpassing its peers, except…
In A Nutshell Wormhole, a project within the Solana ecosystem, has recently outperformed both Solana and Jupiter in terms of development activity. With a development score of 189, Wormhole surpasses Solana’s 108.2 and Jupiter’s 83.07, indicating a robust and active development phase. This achievement highlights the team’s commitment and belief in the project’s success, potentially…
In A Nutshell Generative art NFTs merge the realms of algorithm-driven creation and blockchain technology to produce unique digital artworks. These pieces are not only distinctive because of the computational processes that create them but also due to their verified ownership and authenticity on the blockchain. This innovative fusion introduces a new era for art…
In A Nutshell The dYdX community has recently cast a monumental vote, approving the staking of 20 million DYDX tokens from the community treasury. This move, valued at over $61 million, aims to fortify the security of the decentralized exchange as it witnesses a significant uptick in trading activity. The decision was made in response…
In A Nutshell The Ethereum layer-2 protocol, Starknet, experienced a significant technical hiccup on April 4, leading to a four-hour interruption in its block production. This incident, identified through the Starkscan block monitoring tool, revealed a gap in the creation of consecutive blocks, specifically between blocks 630028 and 630029. Starknet attributed the disruption to a…
In A Nutshell The recent decline in Bitcoin’s (BTC) price, from its all-time high of $73,750 to the current $66,572, has been accompanied by a negative shift in market sentiment. Santiment’s analysis reveals that, despite the upcoming BTC halving event, the weighted sentiment towards Bitcoin has been bearish for three weeks. Historical trends suggest that…