“The amount of hype, as well as projects being built in the metaverse, gaming and NFT spaces, is bullish for these blockchains that are designed to build dApps on top of,” said Alexandre Lores, an analyst at Quantum Economics. NFT refers to non-fungible tokens, which can represent interest in property, clothing, weapons or other items within games and virtual-reality worlds. A … [Read more...] about Avalanche, Layer 1 Tokens Soared in November as Ethereum Fees Drove Competition
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FTX US Trading Volumes Soared 512% During Q3
FTX.US’s average daily volumes skyrocketed 512% in its third quarter versus the second quarter and hit a peak of $807 million during a 24-hour period on Sept. 7, the crypto derivatives exchange said Thursday. FTX.US recorded an average daily volume of $360 million for the quarter, the company said in a press release.The company said its platform user count rose 52% in the … [Read more...] about FTX US Trading Volumes Soared 512% During Q3
Daily Dogecoin volume soared to nearly $1B during Q2
Trading volume for Dogecoin increased by more than 13 times during the second quarter for 2021, nearly tagging $1 billion daily.According to data compiled by Coinbase and reported by Business Insider, Dogecoin trading volumes soared 1,250% between April and June, with $995 million worth of DOGE changing hands daily on average during the quarter.By comparison, Dogecoin’s average … [Read more...] about Daily Dogecoin volume soared to nearly $1B during Q2
3 reasons why Elrond (EGLD) price soared above $245
As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more apparent as transaction costs and confirmation times continue to increase. One protocol that has seen significant gains over the past month as new individuals and organizations continue to flood into blockchain is … [Read more...] about 3 reasons why Elrond (EGLD) price soared above $245