Total value locked (TVL) is a metric used in the crypto sector to determine the total U.S. dollar value of digital assets locked, or staked, on a particular blockchain or dApp.

What Is Total Value Locked in Cryptocurrency?

Avalanche and Arbitrium are well-known cryptocurrencies in the crypto world. Experts believe that both of these tokens will do well in the upcoming crypto bull run. However, Everlodge has a unique advantage. Everlodge is connected to the real estate market which is worth over $280 trillion.

Avalanche, Everlodge, and Arbitrium: Three Cryptos to Watch Out For in 2023

Uniswap DAO has shown support for a proposal to invest a part of its treasury into Ekubo, a decentralized exchange operating on Starknet.

Uniswap DAO Signals Approval for $12 Million Investment in Ekubo’s Governance Token – Here’s What You Need to Know

The digital asset market has recorded several wins this month with Bitcoin (BTC) hitting a 16-month high and surging activities around decentralized

DeFi Market Soars to $42 Billion, Rises by $6.2 Billion in Just Two Weeks – Is The Bull Market Here Again?

On October 16, Bitcoin jumped more than 10% in a matter of minutes as false report circulated saying that the US had approved a long-awaited ETF that invests directly in the cryptocurrency. It erased most of that increase just as quickly when BlackRock said its application was still with the SEC.

Bitcoin’s big moves are being magnified by a protracted lack of liquidity

Alongside a hike in asset prices, transactional volume across DeFi protocols rose to its highest point since March, with $4.4 billion recorded on Oct. 24, according to DefiLlama. Solana’s most extensive lending protocol, Marinade, experienced a 120% jump ...

DeFi Market Recovers From 30-Month Low as Volume Hits Highest Point Since March

The total value of all assets locked on decentralized finance (DeFi) protocols has surged to a three-month high of $42 billion after being at its lowest point since February 2021 just two weeks ago, according to DefiLlama data.

Binance, the world’s largest cryptocurrency exchange, is struggling to hold onto assets. In the wake of the collapse of rival FTX, investors have been pulling

Binance Is Bleeding Assets, $12 Billion Gone In Less Than 60 Days – Forbes

DeFiLlama data reveals that dYdX currently boasts a total value locked (TVL) exceeding $353 million, showcasing the platform’s impressive growth in the decentralized finance (DeFi) ecosystem. With the introduction of v4, dYdX is poised to revolutionize ...

dYdX DEX’s Groundbreaking Open-Source Move Set to Revolutionize the World of Decentralized Trading

Currently, Solana has a total value locked (TVL) of $1.254 billion and around 114 dApps on its network, according to DeFiLlama. Thus, the Web3 incubator program is targeting technical teams who want to utilize the unique benefits of the Solana network and ...

Solana Labs Launches Web3 Incubator Program

DefiLlama

defillama

One of the most interesting and underrated advances within the crypto and DeFi space right now is the development of research tools and tactics to make vetting on-chain data easier for the average person. Not that long ago, anything beyond the most basic research was generally considered the realm of “experts” or people with some kind of financial research background — or access to pricey tools or data feeds. crypto But that’s all changing. In the background, the ability to access and use the transparency and record-keeping of public blockchains is getting easier and more intuitive. And tools that are simple to use open up a lot of opportunities for interested people to take deeper dives and put together a completely custom . Do Your Own Research stack In that spirit, let’s take a look at using ChatGPT to access DeFi data using . DeFiLlama Using ChatGPT to look at DeFiLlama Background DeFiLlama is a DeFi analytics platform. Launched in late 2020, the platform was created to give DeFi users, investors, and market watchers an easy-to-use hub to track common market metrics. The goal of the product is to aggregate basic DeFi data to make it easier to figure out what is going on in the growing universe of decentralized finance protocols, apps, and services. The kinds of data points that you can track and research on DeFiLlama include: describes how much money is part of all of a DeFi protocol’s activities. Total value locked, or TVL Trading volumes, or how much money related to a DeFi protocol or app, is trading hands. Liquidity, or how easy it is to buy or sell an asset without causing price movements. Status of forks, airdrops, oracle services, and other important DeFi market events. Maybe one of the greatest things about DeFiLlama is that it is free to use and is open source, which makes it an accessible tool on a lot of levels. that handles tasks like asking questions, creating dialog, summarizing text, or creating code through a simple interface. ChatGPT is a conversational AI chatbot The technology can consume large amounts of data and then analyze that data to perform a user request — and then break the answers down into something resembling a conversation. The company behind ChatGPT, OpenAI, launched several iterations previous to what is available today, but the product went mainstream in November of 2022. ChatGPT offers a plugin marketplace that enables specialized functionality, like grabbing info from the web or booking travel arrangements. Plugins are created to train ChatGPT on a specific set of information. One of the plugins available for ChatGPT is the DeFiLlama plugin, which is necessary to perform the functions outlined below.  As of the time of this writing, installing plugins requires subscribing to ChatGPT’s premium service for a monthly fee. The problem was solved by using AI to look at DeFI analytics Using conversational AI to vet complex data will be game-changing. As was mentioned at the top, one of the biggest attributes of decentralized finance is that DeFi protocols enable financial transparency and accountability. However, the feature set of public ledgers and public accountability can’t be fully realized if it is too cumbersome or complicated for ordinary people to vet ledgers and get data. And it’s not about being a watchdog or performing customized personal research. Being able to vet and market movements in real-time will also play an important role in the health and longevity of DeFi governance and public participation. DeFi events Just like a healthy democracy rests on a fair, accurate, and free press — the true value and potential for DeFi will only be realized when all of the data and market movements are accessible and easy to understand by DeFi users. Having the ability to interact with massive amounts of financial data using AI will help ease some of the complexity of decentralized finance and maybe even make new financial tools feel more useful. How the ChatGPT DeFiLlama plugin works The great thing about the DeFiLlama plugin is that it removes the complexity of querying DeFi data. Rather than using advanced data analytics skills or writing something like SQL queries, anyone can write simple conversational prompts into the ChatGPT interface and then get the answers they need. The speed and repeatability of this kind of research also means that updating market analysis daily, or even several times a day, can be super simple. All you need to do is put the question you want to ask into a prompt format. While the tool is incredibly useful, it’s not perfect. And any time you are using ChatGPT to vet data, it’s always good to double-check results (especially if you are using the results for investment or financial decisions). Sample results Here are three examples of queries with the results. In all instances, I asked ChatGPT to show the results in a table. Prompt one: I asked about DeFi projects with the most inflows in the past 12 hours. Prompt two: In this prompt, I asked about fees collected by DeFi projects over the past 30 days. Prompt three: I asked about DeFi protocols that gained and lost the most in the past week. Analysis After testing this workflow for a little bit, I think this tool probably has three obvious uses: : For people who use or are invested in DeFi already, this tool could be customized to create a watchlist of sorts that can be quickly updated whenever needed. The ChatGPT prompt can be created to act like a filter on specific projects, and the metrics can also be inputted like change in total value locked or the daily inflows or outflows to a project — all useful stuff for people looking to level up their research game. Active DeFi users : In the early days of crypto and in the early days of DeFi, it was a little bit easier to keep up with all of the major players in the market. But as the decentralized finance market continues to expand in both projects, use cases, and complexity, having tools to assist in keeping tabs on interesting movements is key. Using the DeFiLlama plugin to look at things like changes in volume, which might surface interesting finds or new projects to check out. The screeners : Still, the biggest advantage of using AI tools to vet something as dynamic as DeFi is that it makes the space way more accessible to people trying to figure out what’s going on. By creating simple prompts and using something like the DeFiLlama plugin, suddenly, an entirely new informational ecosystem opens up, which will likely be useful in ways we haven’t even thought of yet. But it’s particularly useful to the DYOR crowd. The new researcher Conclusion Maybe all of the recent advances and innovations happening with the research and on-chain access space won’t truly become apparent . Maybe there’s not enough widespread interest right now, but I think these DIY research tools are moving the needle. until the crypto markets come back to life again What it all means is that the next big market wave — and all of the stories and attention and excitement that surrounds major price movements will probably happen against a different backdrop. Instead of relying on a constellation of somewhat reliable sources for on-chain information, people can use these new tools to look at the data themselves and make decisions. While these tools might be built for looking at asset or market performance, at a higher level, they also help deliver on another major value proposition of public blockchains. Transparency and reporting — or just making finance public, will have interesting ramifications down the road, and it’s one of the biggest advantages of using technologies like distributed ledgers. Also published . here

Changing The DeFi Research Game: Using ChatGPT and DeFiLlama for On-Chain Analysis

THE 6M VIEWS CRYPTO DOCUMENTARY THAT GOT IT WRONG

Obyte is a big ecosystem with smart contracts, Autonomous Agents (AAs), attestations, oracles, internal assets, chatbots, and many Decentralized Finance (DeFi) applications. As such, there are a lot of aspects, items, and resources you may want to check, depending on your own activities inside the platform. Except for stats and public transactions of the privacy coin Blackbytes (GBB) and other private tokens, for obvious reasons, the rest of the network is transparent for everyone to consult whatever they need. However, not every resource is directly available on the main website but on complementary sites. From some general data to liquidity providers (LP) reward lists, let’s explore some handy Obyte-related portals. Non-Financial Data & Stats The main website of our network is Obyte.org, but there’s also an Obyte.io page. It’s not phishing or any other trap, but an open-source non-financial data explorer for Obyte, created by Fabien and currently maintained by tarmo888. Here, you can find information about all available assets (search bar included), attestors, oracles (data feeds), Autonomous Agents (Dapps), chatbots, Order Providers (previously witnesses), polls, and a ledger timeline. All this data could help in the creation of smart contracts and conditional payments without coding, from the same Obyte wallet. Likewise, we have a specific page for Obyte Stats, where it’s possible to check data like connected wallets, nodes, richest addresses, order providers, and transaction history. There’s also a specific site for Autonomous Agent Stats, showing Total Value Locked (TVL) in AAs, 24-hour turnover, most active agents, and activity. Outside Obyte, CoinMarketCap (CMC) and CoinGecko have listed the Obyte native coin, GBYTE, and they show stats like historical price and market capitalization, available markets, supply, trading volume, and TVL from internal DeFi platforms. For the latter purpose, Obyte is also present on DeFi Llama, where anyone can consult the specific charts and TVLs of our different DeFi applications. That includes the Counterstake Bridge, the Oswap.io DEX, the prediction market Prophet, our Pythagorean Perpetual Futures, and even the donation platform Kivach. Rewards for LPs Liquidity providers from Oswap.io can check all details about the distribution of rewards on a dedicated website. Every seven days, 100 GBYTEs are distributed among all of them in proportion to their contributed liquidity. They can consult here the involved Autonomous Agent address (and its activity on the Obyte Explorer), eligible pools, TVL, distribution dates, yield percentage, and all LP addresses with their respective rewards. It’s also possible to consult previous distributions, or directly search by address. There’s asimilar site for the Kava Rise Program rewards. In 2023, Obyte registered two of its DeFi apps (Counterstake and LINE Token) to receive rewards from this program, in proportion to their TVL. To earn a part of the total rewards, users must simply hold imported tokens from the Kava network in their Obyte wallets. On this site, users can consult every distribution by date, including wallet addresses, rewards in USD and LINE, and wallet Annual Percentage Yield (APY). Research & Devs For developers and researchers, the main website lists several useful resources, including our whitepaper, blog, and Wiki. There’s also a separate developer website that includes a quick start, tutorials for newcomers, libraries, scripts, and all kinds of tools to build custom apps on the network. Of course, this is paired with our open-source repositories, available on GitHub. AnObyte testnet with its own wallet and explorer is also available to developers and regular users alike to explore and experiment with most of the network features without financial risk. Developers can integrate it into their Dapp creation process, safely test functionalities, and provide feedback for improvements. Users, on the other hand, can use the wallet as a learning tool, simulating real transactions with valueless coins while exploring features like chatbots, merchant demos, and conditional payments. Finally, you can find news, discussions, and guidance on our social media, especially on our Discord server. Here, you can discover channels for general discussions, help for any problems, grants proposals, platform statistics, announcements, and new projects for the entire community, developers, and the Obyte team to discuss their issues and ideas. Ready to try it? Featured Vector Image by rawpixel/Freepik Obyte is a big ecosystem with smart contracts, Autonomous Agents (AAs), attestations, oracles, internal assets, chatbots, and many Decentralized Finance (DeFi) applications. As such, there are a lot of aspects, items, and resources you may want to check, depending on your own activities inside the platform. Except for stats and public transactions of the privacy coin Blackbytes (GBB) and other private tokens, for obvious reasons, the rest of the network is transparent for everyone to consult whatever they need. However, not every resource is directly available on the main website but on complementary sites. From some general data to liquidity providers (LP) reward lists, let’s explore some handy Obyte-related portals. Blackbytes Blackbytes Non-Financial Data & Stats The main website of our network is Obyte.org , but there’s also an Obyte.io page. It’s not phishing or any other trap, but an open-source non-financial data explorer for Obyte, created by Fabien and currently maintained by tarmo888. Here, you can find information about all available assets (search bar included), attestors, oracles (data feeds), Autonomous Agents (Dapps), chatbots, Order Providers (previously witnesses), polls, and a ledger timeline. Obyte.org Obyte.org Obyte.io Obyte.io It’s not phishing or any other trap, but an open-source non-financial data explorer for Obyte, created by Fabien and currently maintained by tarmo888. All this data could help in the creation of smart contracts and conditional payments without coding, from the same Obyte wallet. Likewise, we have a specific page for Obyte Stats , where it’s possible to check data like connected wallets, nodes, richest addresses, order providers, and transaction history. There’s also a specific site for Autonomous Agent Stats , showing Total Value Locked (TVL) in AAs, 24-hour turnover, most active agents, and activity. Obyte Stats Obyte Stats Autonomous Agent Stats Autonomous Agent Stats Outside Obyte, CoinMarketCap (CMC) and CoinGecko have listed the Obyte native coin, GBYTE, and they show stats like historical price and market capitalization, available markets, supply, trading volume, and TVL from internal DeFi platforms. Outside Obyte, CoinMarketCap (CMC) and CoinGecko have listed the Obyte native coin, GBYTE, CoinGecko CoinGecko For the latter purpose, Obyte is also present on DeFi Llama , where anyone can consult the specific charts and TVLs of our different DeFi applications. That includes the Counterstake Bridge , the Oswap.io DEX, the prediction market Prophet , our Pythagorean Perpetual Futures , and even the donation platform Kivach . on DeFi Llama on DeFi Llama Counterstake Bridge Counterstake Bridge Oswap.io Oswap.io Prophet Prophet Pythagorean Perpetual Futures Pythagorean Perpetual Futures Kivach Kivach Rewards for LPs Liquidity providers from Oswap.io can check all details about the distribution of rewards on a dedicated website . Every seven days, 100 GBYTEs are distributed among all of them in proportion to their contributed liquidity. They can consult here the involved Autonomous Agent address (and its activity on the Obyte Explorer ), eligible pools, TVL, distribution dates, yield percentage, and all LP addresses with their respective rewards. It’s also possible to consult previous distributions, or directly search by address. dedicated website dedicated website Every seven days, 100 GBYTEs are distributed among all of them in proportion to their contributed liquidity. Obyte Explorer Obyte Explorer There’s a similar site for the Kava Rise Program rewards. In 2023, Obyte registered two of its DeFi apps (Counterstake and LINE Token ) to receive rewards from this program, in proportion to their TVL. To earn a part of the total rewards, users must simply hold imported tokens from the Kava network in their Obyte wallets. similar site similar site LINE Token LINE Token On this site, users can consult every distribution by date, including wallet addresses, rewards in USD and LINE, and wallet Annual Percentage Yield (APY). Research & Devs For developers and researchers, the main website lists several useful resources , including our whitepaper, blog, and Wiki. There’s also a separate developer website that includes a quick start, tutorials for newcomers, libraries, scripts , and all kinds of tools to build custom apps on the network. Of course, this is paired with our open-source repositories, available on GitHub . useful resources useful resources There’s also a separate developer website that includes a quick start, tutorials for newcomers, libraries, scripts developer website developer website on GitHub on GitHub An Obyte testnet with its own wallet and explorer is also available to developers and regular users alike to explore and experiment with most of the network features without financial risk. Developers can integrate it into their Dapp creation process, safely test functionalities, and provide feedback for improvements. Users, on the other hand, can use the wallet as a learning tool, simulating real transactions with valueless coins while exploring features like chatbots, merchant demos, and conditional payments. Obyte testnet Obyte testnet Finally, you can find news, discussions, and guidance on our social media, especially on our Discord server . Here, you can discover channels for general discussions, help for any problems, grants proposals, platform statistics, announcements, and new projects for the entire community, developers, and the Obyte team to discuss their issues and ideas. Ready to try it? Discord server Discord server Featured Vector Image by rawpixel/Freepik Featured Vector Image by rawpixel/ Freepik Freepik Freepik

Educational Byte: Checking Obyte Stats and Resources

Byte educativo: consulta de estadísticas y recursos de Obyte

Hezkuntza Byte: Obyte Estatistikak eta Baliabideak egiaztatzea

Koulutustavu: Obbyte-tilastojen ja -resurssien tarkistaminen

Oktatási bájt: Obyte-statisztikák és erőforrások ellenőrzése

教育バイト: Obyte の統計とリソースの確認

საგანმანათლებლო ბაიტი: Obyte სტატისტიკისა და რესურსების შემოწმება

Образовательный байт: проверка статистики и ресурсов Obyte

Uburezi Byte: Kugenzura Imibare ya Obyte

Образовни бајт: Провера Обите статистике и ресурса

Elimu Byte: Kuangalia Takwimu na Rasilimali za Obyte

Byte ya Dyondzo: Ku kambela Tistats ta Obyte na Switirhisiwa

Ta'lim bayti: Obyte statistikasi va manbalarini tekshirish

A unified ecosystem with convenient asset transfer between networks is an ideal the crypto space has been chasing for a long time. However, because blockchains have varying token standards and consensus mechanisms, this feat is (currently) only achievable via bridges. The path to Bitcoin (BTC) on Ethereum, Ether (ETH) on the Binance Smart Chain (BSC), Solana (SOL) on Ethereum, and so on runs through a bridge. At the time of writing, DeFiLlama estimated the total value locked (TVL) across all bridges at around $27.79 billion. These are good numbers. But when put in context, they highlight that perhaps, despite the widespread desire for an interoperable crypto ecosystem, bridges are not as widely utilized. Out of the $2.5 trillion of value in the crypto market, only about 0.01% is utilized across chains. This is an indication that not many crypto users are utilizing bridges. And according to Sher, CEO of Zecrey Labs (the team behind Kontos Protocol), a big part of this is down to the user experience. The solution, he says, lies in bridge abstraction. The ABCs of Bridging Crypto Assets The crypto space is not known for its user experience. Blockchain-based applications are typically more complicated to set up and use than regular apps, something that the average crypto bridge takes to the extreme. “The blockchain industry is often perceived as complex and difficult to navigate, especially for newcomers. Managing multiple wallets, handling private keys, and understanding gas fees can be daunting for users,” says Sher. It's not known exactly how many people use crypto bridges. What is known, however, is that for most users, the experience is anything but convenient. Crypto bridges tend to have unintuitive interfaces, with users often required to go through several steps to complete a bridge operation, which can take anywhere from a few minutes to several hours and attract significant fees. At the same time, the bridging scene is itself fragmented. Many bridging protocols only support a limited set of assets and blockchain pairs. “This means that currently, there are numerous bridges for different blockchain pairs, each with its own protocols and interface. Thus, users are regularly forced to use multiple bridges to get their assets on the target chain,” says Sher. When someone wants to interact with a chain like Avalanche, they typically need to address two aspects: Gas fees: They need to bridge AVAX tokens to Avalanche to pay for transaction fees (gas) on the network.


Other assets: They may also want to bridge other assets, such as stablecoins like USDT, to use within the Avalanche ecosystem. This dual requirement often means users must perform multiple bridging operations or use a service that can handle both aspects in a streamlined manner. The complexity of this process can be a barrier for some users, highlighting the need for more user-friendly bridging solutions. This is where bridge abstraction comes into play. What Is Bridge Abstraction? “The Bridge Abstraction Layer (BAL) is a structural design pattern that separates the abstraction (interface) from the implementation (underlying mechanics),” says Sher. “This decoupling allows for greater flexibility and independent development of both components.” Bridge abstraction builds on the concept of chain abstraction, where the aim is to hide the complexities of interacting with blockchains from the end user. When the user isn’t dealing with the specific details of underlying protocols, traditionally complex operations like cross-chain trading and asset transfer become straightforward. Abstraction essentially lets developers build cross-chain solutions without being tied to specific implementation details. According to Sher,  this translates to lesser involvement from the user during a bridging operation, as seen in Kontos’ design, which allows users to bridge across multiple chains via a single interface. Kontos is designed around the user’s intent. If someone intends to get tokens on a particular chain, they can do so using any assets they have on any chain(s). This is possible because the protocol lets users combine assets from various chains and move them to the target chain. It uses smart contracts and a network of participants to handle the complexities of gas estimation and payment behind the scenes. “Kontos' approach to gas abstraction represents a significant innovation in improving blockchain usability,” says Sher. ”By tackling this complex problem, Kontos is addressing one of the major pain points in blockchain interaction, potentially setting a new standard for user experience in the multi-chain ecosystem.” A New Standard for On-chain User Experience Bridge abstraction is a significant leap forward in simplifying interactions across blockchain networks. Users typically had to navigate complex processes when bridging assets, ensuring they had enough gas tokens on the source chain, selecting both the source and target chains, and managing specific assets across networks. With bridge abstraction, these barriers are minimized. Bridging no longer requires holding gas tokens on the source chain or keeping track of which chain assets are located. Instead, utilizing assets from multiple chains in a single task is possible. The system will calculate and optimize costs behind the scenes. This evolution promises a smoother, more intuitive on-chain experience that allows users to focus on their transactions rather than the intricacies of blockchain mechanics. It sets a new standard for blockchain accessibility and usability, paving the way for a more inclusive and user-friendly web3 ecosystem. A unified ecosystem with convenient asset transfer between networks is an ideal the crypto space has been chasing for a long time. However, because blockchains have varying token standards and consensus mechanisms, this feat is (currently) only achievable via bridges. A unified ecosystem with convenient asset transfer between networks is an ideal the crypto space has been chasing for a long time. However, because blockchains have varying token standards and consensus mechanisms, this feat is (currently) only achievable via bridges. The path to Bitcoin (BTC) on Ethereum, Ether (ETH) on the Binance Smart Chain (BSC), Solana (SOL) on Ethereum, and so on runs through a bridge. At the time of writing, DeFiLlama estimated the total value locked (TVL) across all bridges at around $27.79 billion. DeFiLlama DeFiLlama These are good numbers. But when put in context, they highlight that perhaps, despite the widespread desire for an interoperable crypto ecosystem, bridges are not as widely utilized. Out of the $2.5 trillion of value in the crypto market, only about 0.01% is utilized across chains. $2.5 trillion of value $2.5 trillion of value This is an indication that not many crypto users are utilizing bridges. And according to Sher, CEO of Zecrey Labs (the team behind Kontos Protocol ) , a big part of this is down to the user experience. The solution, he says, lies in bridge abstraction. Zecrey Labs Zecrey Labs Kontos Protoc ol Kontos Protoc , The ABCs of Bridging Crypto Assets The crypto space is not known for its user experience. Blockchain-based applications are typically more complicated to set up and use than regular apps, something that the average crypto bridge takes to the extreme. “The blockchain industry is often perceived as complex and difficult to navigate, especially for newcomers. Managing multiple wallets, handling private keys, and understanding gas fees can be daunting for users,” says Sher. says Sher. It's not known exactly how many people use crypto bridges. What is known, however, is that for most users, the experience is anything but convenient. Crypto bridges tend to have unintuitive interfaces, with users often required to go through several steps to complete a bridge operation, which can take anywhere from a few minutes to several hours and attract significant fees. At the same time, the bridging scene is itself fragmented. Many bridging protocols only support a limited set of assets and blockchain pairs. “This means that currently, there are numerous bridges for different blockchain pairs, each with its own protocols and interface. Thus, users are regularly forced to use multiple bridges to get their assets on the target chain,” says Sher. says Sher. When someone wants to interact with a chain like Avalanche, they typically need to address two aspects: Gas fees: They need to bridge AVAX tokens to Avalanche to pay for transaction fees (gas) on the network. Other assets: They may also want to bridge other assets, such as stablecoins like USDT, to use within the Avalanche ecosystem. Gas fees: They need to bridge AVAX tokens to Avalanche to pay for transaction fees (gas) on the network. Gas fees: They need to bridge AVAX tokens to Avalanche to pay for transaction fees (gas) on the network. Other assets: They may also want to bridge other assets, such as stablecoins like USDT, to use within the Avalanche ecosystem. Other assets: They may also want to bridge other assets, such as stablecoins like USDT, to use within the Avalanche ecosystem. This dual requirement often means users must perform multiple bridging operations or use a service that can handle both aspects in a streamlined manner. The complexity of this process can be a barrier for some users, highlighting the need for more user-friendly bridging solutions. This is where bridge abstraction comes into play. What Is Bridge Abstraction? “The Bridge Abstraction Layer (BAL) is a structural design pattern that separates the abstraction (interface) from the implementation (underlying mechanics),” says Sher. “This decoupling allows for greater flexibility and independent development of both components.” says Sher. Bridge abstraction builds on the concept of chain abstraction, where the aim is to hide the complexities of interacting with blockchains from the end user. When the user isn’t dealing with the specific details of underlying protocols, traditionally complex operations like cross-chain trading and asset transfer become straightforward. Abstraction essentially lets developers build cross-chain solutions without being tied to specific implementation details. According to Sher, this translates to lesser involvement from the user during a bridging operation, as seen in Kontos’ design, which allows users to bridge across multiple chains via a single interface. Sher, Kontos is designed around the user’s intent. If someone intends to get tokens on a particular chain, they can do so using any assets they have on any chain(s). This is possible because the protocol lets users combine assets from various chains and move them to the target chain. It uses smart contracts and a network of participants to handle the complexities of gas estimation and payment behind the scenes. “Kontos' approach to gas abstraction represents a significant innovation in improving blockchain usability,” says Sher. ”By tackling this complex problem, Kontos is addressing one of the major pain points in blockchain interaction, potentially setting a new standard for user experience in the multi-chain ecosystem.” says Sher. A New Standard for On-chain User Experience Bridge abstraction is a significant leap forward in simplifying interactions across blockchain networks. Users typically had to navigate complex processes when bridging assets, ensuring they had enough gas tokens on the source chain, selecting both the source and target chains, and managing specific assets across networks. With bridge abstraction, these barriers are minimized. Bridging no longer requires holding gas tokens on the source chain or keeping track of which chain assets are located. Instead, utilizing assets from multiple chains in a single task is possible. The system will calculate and optimize costs behind the scenes. This evolution promises a smoother, more intuitive on-chain experience that allows users to focus on their transactions rather than the intricacies of blockchain mechanics. It sets a new standard for blockchain accessibility and usability, paving the way for a more inclusive and user-friendly web3 ecosystem.

Bridge Abstraction - The Key to Unlocking True Blockchain Interoperability

The 0G Foundation announced Tuesday it will launch a public sale of nodes for its decentralized artificial intelligence network, beginning November 11. The initiative aims to establish a distributed network of nodes designed to monitor AI behavior and verify computational integrity in blockchain applications. The node sale will occur in two phases: a whitelist-only period starting November 11 at 12 PM UTC, followed by a public sale beginning November 13 at 12 PM UTC. Node prices will start at 0.05 ETH, with 32 different pricing tiers available. The foundation describes the nodes as "AI alignment nodes" that will monitor artificial intelligence operations within the network. These nodes are intended to detect deviations from established protocols and verify the behavior of data storage and model serving systems. Node operators will be eligible to receive token rewards, with the foundation allocating up to 15% of its total ecosystem token supply over a three-year period for node operation incentives. "Our goal is to empower a decentralized community," said Michael Heinrich, CEO of ZeroGravity Labs. "This node sale is a crucial step toward making that vision a reality." Industry Analysis The announcement comes at a critical juncture in the blockchain and AI sectors. Recent developments in artificial intelligence have raised concerns about verification and transparency, particularly in decentralized systems. According to data from DeFi Llama, AI-related blockchain protocols have seen a significant increase in total value locked (TVL) throughout 2024, rising from $1.2 billion in January to $4.8 billion in October. Dr. Sarah Chen, blockchain researcher at the Digital Assets Institute, notes the timing's significance: "The intersection of AI and blockchain requires robust verification mechanisms. Distributed node networks could provide a framework for maintaining AI system integrity, similar to how validator networks secure traditional blockchain networks." The approach of using distributed nodes for AI verification represents a new development in the ongoing effort to create trustworthy AI systems. Traditional AI models typically rely on centralized validation methods, while blockchain-based solutions aim to distribute this responsibility across multiple participants. "The challenge has always been balancing decentralization with computational efficiency," explains Marcus Rodriguez, senior analyst at Blockchain Intelligence Group. "Node networks that specifically focus on AI alignment could help bridge this gap, provided they can maintain performance at scale." The foundation's node sale structure, featuring 32 tiers, appears designed to encourage diverse participation. This model differs from traditional node operations that often require substantial capital investment, potentially limiting participation to larger institutional players. Market Impact and Technical Considerations The technical specifications indicate that node operators will need to meet minimum hardware requirements, including high-performance computing capabilities and reliable network connectivity. The foundation has published detailed documentation outlining these requirements on their website. Industry observers note that the success of such networks depends heavily on achieving sufficient decentralization. "The key metric will be the distribution of nodes across different operators and geographic regions," says Elena Petrova, director of research at Distributed Systems Institute. "A truly decentralized AI verification network needs broad participation to be effective." The 0G Foundation, based in the Cayman Islands, develops infrastructure for decentralized AI applications. The organization focuses on creating open-source tools for AI systems operating on blockchain networks. Technical specifications for node operation, complete pricing details, and participation requirements will be available on the project's website at node.0g.ai. The foundation indicated that participation in the node sale will be restricted by jurisdiction, with specific eligibility requirements detailed in the project's documentation. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR The 0G Foundation announced Tuesday it will launch a public sale of nodes for its decentralized artificial intelligence network, beginning November 11. The initiative aims to establish a distributed network of nodes designed to monitor AI behavior and verify computational integrity in blockchain applications. The node sale will occur in two phases: a whitelist-only period starting November 11 at 12 PM UTC, followed by a public sale beginning November 13 at 12 PM UTC. Node prices will start at 0.05 ETH, with 32 different pricing tiers available. The foundation describes the nodes as "AI alignment nodes" that will monitor artificial intelligence operations within the network. These nodes are intended to detect deviations from established protocols and verify the behavior of data storage and model serving systems. Node operators will be eligible to receive token rewards, with the foundation allocating up to 15% of its total ecosystem token supply over a three-year period for node operation incentives. "Our goal is to empower a decentralized community," said Michael Heinrich, CEO of ZeroGravity Labs. "This node sale is a crucial step toward making that vision a reality." Industry Analysis The announcement comes at a critical juncture in the blockchain and AI sectors. Recent developments in artificial intelligence have raised concerns about verification and transparency, particularly in decentralized systems. According to data from DeFi Llama, AI-related blockchain protocols have seen a significant increase in total value locked (TVL) throughout 2024, rising from $1.2 billion in January to $4.8 billion in October. Dr. Sarah Chen, blockchain researcher at the Digital Assets Institute, notes the timing's significance: "The intersection of AI and blockchain requires robust verification mechanisms. Distributed node networks could provide a framework for maintaining AI system integrity, similar to how validator networks secure traditional blockchain networks." The approach of using distributed nodes for AI verification represents a new development in the ongoing effort to create trustworthy AI systems. Traditional AI models typically rely on centralized validation methods, while blockchain-based solutions aim to distribute this responsibility across multiple participants. "The challenge has always been balancing decentralization with computational efficiency," explains Marcus Rodriguez, senior analyst at Blockchain Intelligence Group. "Node networks that specifically focus on AI alignment could help bridge this gap, provided they can maintain performance at scale." The foundation's node sale structure, featuring 32 tiers, appears designed to encourage diverse participation. This model differs from traditional node operations that often require substantial capital investment, potentially limiting participation to larger institutional players. Market Impact and Technical Considerations The technical specifications indicate that node operators will need to meet minimum hardware requirements, including high-performance computing capabilities and reliable network connectivity. The foundation has published detailed documentation outlining these requirements on their website. Industry observers note that the success of such networks depends heavily on achieving sufficient decentralization. "The key metric will be the distribution of nodes across different operators and geographic regions," says Elena Petrova, director of research at Distributed Systems Institute. "A truly decentralized AI verification network needs broad participation to be effective." The 0G Foundation, based in the Cayman Islands, develops infrastructure for decentralized AI applications. The organization focuses on creating open-source tools for AI systems operating on blockchain networks. Technical specifications for node operation, complete pricing details, and participation requirements will be available on the project's website at node.0g.ai . The foundation indicated that participation in the node sale will be restricted by jurisdiction, with specific eligibility requirements detailed in the project's documentation. node.0g.ai Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

0G Foundation Launches Node Sale for Decentralized AI Network Verification

0G Foundation loods node-verkoping vir gedesentraliseerde AI-netwerkverifikasie

مؤسسة 0G تطلق عملية بيع العقد للتحقق من شبكة الذكاء الاصطناعي اللامركزية

0G Foundation startet Knotenverkauf zur dezentralen KI-Netzwerkverifizierung

Το 0G Foundation ξεκινά την πώληση Node για αποκεντρωμένη επαλήθευση δικτύου AI

La Fundación 0G lanza la venta de nodos para la verificación de redes de inteligencia artificial descentralizada

بنیاد 0G فروش Node را برای تأیید شبکه هوش مصنوعی غیرمتمرکز راه اندازی کرد

La Fondation 0G lance la vente de nœuds pour la vérification décentralisée du réseau d'IA

0G Foundation、分散型AIネットワーク検証のためのノード販売を開始

Yayasan 0G Melancarkan Jualan Nod untuk Pengesahan Rangkaian AI Terdesentralisasi

0G Foundation Yazindua Uuzaji wa Nodi kwa Uthibitishaji wa Mtandao wa AI uliowekwa madarakani

Бунёди 0G фурӯши гиреҳро барои санҷиши шабакаи ғайримарказии AI оғоз мекунад

I-0G yeSiseko iQalisa iNtengiso yeNode yoQinisekiso lweNethiwekhi ye-AI

**DUBAI, United Arab Emirates, September 9th, 2024/Chainwire/--**Bitunix,a rapidly growing player in the cryptocurrency exchange market, has made a significant leap by ranking as the 13th global exchange on CoinGecko, categorized by trust score on September 2, 2024. This milestone comes on the heels of Bitunix unveiling its reserves through the implementation of Proof of Reserves (PoR), a move that has set a new standard for transparency in the industry. By disclosing the Proof of Reserves, Bitunix has solidified its reputation as one of the most secure, liquid, and transparent derivatives exchanges worldwide. The exchange has established its place amongst some of the most eminent names in the crypto industry. Factors Behind Bitunix's Growth The crypto industry comprises of 1,000+ exchanges, making it a saturated market to break in. Bitunix, one of the fastest growing crypto derivatives exchanges, climbed up the ladder by adopting different practices required to maintain a transparent and secure environment for all kinds of traders. Bitunix’s PoR initiative reassures users that their funds are backed by real, verifiable reserves, setting a benchmark for accountability. Besides a secure platform, the exchange also allows users to execute trades directly on the chart with minimal effort, making the user experience phenomenal. In addition to this, Bitunix also accounts for high liquidity across 250+ trading pairs and 24*7 customer support. A Testimony For Crypto Users CoinGecko’s Trust Score, evaluates exchanges based on factors including transparency, security, and liquidity. Achieving a high rank on CoinGecko, a trusted and widely respected platform in the cryptocurrency space, is more than just a number; it can signify a vote of confidence from the broader crypto user base and communities. These rankings collectively reinforce Bitunix’s reputation as a reliable and user-centric exchange. With the launch of PoR, Bitunix joins the ranks of other trusted exchanges such as Bybit, OKX, and Bitget, further establishing its credibility and appeal. In fact, this success comes along with another of Bitunix's great achievements in such a short time, which is to surpass 1 million users. There are other platforms and rankings that are also validating Bitunix's achievements, either by showing the exchange's proof of booking, ranking it at the top of the rankings, etc. Some of these platforms are Coinmarketcap and DeFiLlama. This achievement highlights the progress Bitunix is making in its commitment to becoming the world’s leading derivatives exchange. With every milestone, Bitunix brings users closer to an environment where trading is effortless, secure, transparent, and increasingly liquid. Moreover, as the company itself points out on its social media, this is just the beginning, as 2024 still brings major releases that they claim will revolutionize the way cryptocurrency trading is done to date. About Bitunix Bitunix is a global crypto derivatives exchange founded in 2021, and dedicated to offering intelligent, social, highly secure, and cost-effective trading services to its users. Bitunix specializes in both crypto spot and perpetual futures trading, boasting more than 250 trading pairs with up to 125x leverage. With attributes such as best liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of delivering a reliable trading experience for the global crypto community. Bitunix has attracted over 1,000,000 users from 100+ countries and has facilitated a cumulative daily trading volume that exceeds $1 billion on the platform. Website | Telegram | X | LinkedIn Contact COO KX Bitunix kx.wu@bitunix.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **DUBAI, United Arab Emirates, September 9th, 2024/Chainwire/--**Bitunix,a rapidly growing player in the cryptocurrency exchange market, has made a significant leap by ranking as the 13th global exchange on CoinGecko, categorized by trust score on September 2, 2024. This milestone comes on the heels of Bitunix unveiling its reserves through the implementation of Proof of Reserves (PoR), a move that has set a new standard for transparency in the industry. By disclosing the Proof of Reserves , Bitunix has solidified its reputation as one of the most secure, liquid, and transparent derivatives exchanges worldwide. The exchange has established its place amongst some of the most eminent names in the crypto industry. Proof of Reserves Proof of Reserves Factors Behind Bitunix's Growth The crypto industry comprises of 1,000+ exchanges, making it a saturated market to break in. Bitunix, one of the fastest growing crypto derivatives exchanges, climbed up the ladder by adopting different practices required to maintain a transparent and secure environment for all kinds of traders. Bitunix’s PoR initiative reassures users that their funds are backed by real, verifiable reserves, setting a benchmark for accountability. Besides a secure platform, the exchange also allows users to execute trades directly on the chart with minimal effort, making the user experience phenomenal. In addition to this, Bitunix also accounts for high liquidity across 250+ trading pairs and 24*7 customer support. A Testimony For Crypto Users CoinGecko ’s Trust Score, evaluates exchanges based on factors including transparency, security, and liquidity. Achieving a high rank on CoinGecko, a trusted and widely respected platform in the cryptocurrency space, is more than just a number; it can signify a vote of confidence from the broader crypto user base and communities. CoinGecko CoinGecko These rankings collectively reinforce Bitunix’s reputation as a reliable and user-centric exchange. With the launch of PoR, Bitunix joins the ranks of other trusted exchanges such as Bybit, OKX, and Bitget, further establishing its credibility and appeal. In fact, this success comes along with another of Bitunix's great achievements in such a short time, which is to surpass 1 million users. There are other platforms and rankings that are also validating Bitunix's achievements, either by showing the exchange's proof of booking, ranking it at the top of the rankings, etc. Some of these platforms are Coinmarketcap and DeFiLlama. This achievement highlights the progress Bitunix is making in its commitment to becoming the world’s leading derivatives exchange. With every milestone, Bitunix brings users closer to an environment where trading is effortless, secure, transparent, and increasingly liquid. Moreover, as the company itself points out on its social media, this is just the beginning, as 2024 still brings major releases that they claim will revolutionize the way cryptocurrency trading is done to date. About Bitunix Bitunix is a global crypto derivatives exchange founded in 2021, and dedicated to offering intelligent, social, highly secure, and cost-effective trading services to its users. Bitunix specializes in both crypto spot and perpetual futures trading, boasting more than 250 trading pairs with up to 125x leverage. Bitunix Bitunix With attributes such as best liquidity, 24/7 customer support, and a strong commitment to regulatory compliance, Bitunix remains at the forefront of delivering a reliable trading experience for the global crypto community. Bitunix has attracted over 1,000,000 users from 100+ countries and has facilitated a cumulative daily trading volume that exceeds $1 billion on the platform. Website | Telegram | X | LinkedIn Website Website Telegram Telegram X X LinkedIn LinkedIn Contact COO KX Bitunix kx.wu@bitunix.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Bitunix Enters Top 15 On CoinGecko Rankings, Achieving Milestone In The First Week Of September 2024

Bitunix влиза в топ 15 на класацията на CoinGecko, постигайки крайъгълен камък през първата седмица на септември 2024 г.

Bitunix entra en el top 15 del ranking de CoinGecko y alcanza un hito en la primera semana de septiembre de 2024

Bitunix נכנסת לטופ 15 בדירוג CoinGecko, משיגה אבן דרך בשבוע הראשון של ספטמבר 2024

Bitunix が CoinGecko ランキングでトップ 15 入り、2024 年 9 月第 1 週にマイルストーンを達成

Bitunix нь 2024 оны 9-р сарын эхний долоо хоногт амжилтаа ахиулж, CoinGecko-ийн чансааны шилдэг 15-д багтжээ.

Bitunix د CoinGecko په درجه بندۍ کې غوره 15 ته ننوځي، د سپتمبر په لومړۍ اونۍ کې د 2024 هدف ترلاسه کول

Bitunix CoinGecko Rankings nisqapi 15 allin kaqman yaykun, 2024 watapi septiembre killapi ñawpaq semanapi hito nisqaman chayaspa

Bitunix intră în Top 15 în clasamentul CoinGecko, atingând un reper în prima săptămână din septembrie 2024

Bitunix Inopinda Pamusoro gumi neshanu paCoinGecko Zviyero, Kuwana Milestone MuVhiki Rokutanga raGunyana 2024.

Bitunix hyn në Top 15 në renditjen e CoinGecko, duke arritur një moment historik në javën e parë të shtatorit 2024

Bitunix เข้าสู่ 15 อันดับแรกในการจัดอันดับ CoinGecko โดยบรรลุเป้าหมายสำคัญในสัปดาห์แรกของเดือนกันยายน 2024

Bitunix увійшов до топ-15 рейтингу CoinGecko, досягнувши віхи в перший тиждень вересня 2024 року

The Next Generation of On-Chain Perpetual Futures Trading: A Conversation With Brian Purcell

DUBAI, United Arab Eimirates, August 15th, 2024/Chainwire/--Bybit, the world’s second-largest crypto exchange by trading volume, proudly announces that all Bybit users can now deposit and withdraw PayPal USD (PYUSD) on the Solana blockchain. The first top-three exchange to offer this feature, Bybit users can now synergise their crypto investments with the power of global payments on Solana. PYUSD and Solana - A Look at PYUSD On-Chain Performance and Issuance Data Since its debut, PYUSD has performed well on Solana. The stablecoin has processed over 500,000 transactions, demonstrating its growing adoption across various financial applications. Its robust performance has established PYUSD as a critical player in the stablecoin market, now ranked 6th in market capitalization. According to DefiLlama, PYUSD has experienced the highest month-on-month growth among the top 10 stablecoins. PYUSD has risen to the 6th-largest stablecoin in market capitalization, seeing the highest month-on-month positive growth among the top 10 stablecoins. (Source: [DefiLlama https://defillama.com/stablecoins](https://DefiLlama https://defillama.com/stablecoins)) “PYUSD’s performance on Solana has demonstrated the market’s demand for a regulated, secure stablecoin that can keep pace with the rapid developments in decentralized finance,” said Emily Bao, head of Web3 and SBU at Bybit. “As a market leader, we are committed to gaining the best partnerships across Web3, institutional finance, and payment providers globally to help our users be part of the future of finance.” Lily Liu, president of the Solana Foundation, added, “PYUSD coming to Solana is a significant milestone for the ecosystem. In addition to showcasing that Solana’s performance can support a global payments network, PYUSD on Solana makes use of token extensions, which adds native Web3 capabilities that enhance payments functionality. These capabilities support Paypal’s primacy in payments into the Web3 world, creating a unique asset for Paypal’s users, Solana’s users, and Bybit’s users alike.” Bybit Launches PYUSD Campaigns With DIfferent Yield Opportunities To celebrate this historic launch, Bybit is introducing three exclusive campaigns designed to maximize the potential of PYUSD for both retail and institutional investors. First up is the chance to explore the Solana ecosystem by trading top tokens on Solana to share a 200 SOL prize pool. Second, any new user who signs up and trades the SOL/USDT pair gets extra SOL rewards. And finally, Bybit users have the chance to earn extra yield by signing up for the limited PYUSD fixed savings product. These campaigns are part of Bybit's leading Spot market, which is at the forefront of cryptocurrency trading in terms of partnerships, trading efficiency, and products. Bybit continually pushes the boundaries to offer users advanced solutions and superior trading opportunities. The PYUSD integration on Solana is a testament to Bybit's dedication to advancing the digital asset landscape. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.com For more information, users can visit: https://www.bybit.com For updates, users can follow: Bybit's Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the  program here. DUBAI, United Arab Eimirates, August 15th, 2024/Chainwire/--Bybit, the world’s second-largest crypto exchange by trading volume, proudly announces that all Bybit users can now deposit and withdraw PayPal USD (PYUSD) on the Solana blockchain. The first top-three exchange to offer this feature, Bybit users can now synergise their crypto investments with the power of global payments on Solana. PYUSD and Solana - A Look at PYUSD On-Chain Performance and Issuance Data Since its debut, PYUSD has performed well on Solana. The stablecoin has processed over 500,000 transactions, demonstrating its growing adoption across various financial applications. Its robust performance has established PYUSD as a critical player in the stablecoin market, now ranked 6th in market capitalization. According to DefiLlama, PYUSD has experienced the highest month-on-month growth among the top 10 stablecoins. PYUSD has risen to the 6th-largest stablecoin in market capitalization, seeing the highest month-on-month positive growth among the top 10 stablecoins. (Source: [DefiLlama https://defillama.com/stablecoins](https://DefiLlama https://defillama.com/stablecoins)) “PYUSD’s performance on Solana has demonstrated the market’s demand for a regulated, secure stablecoin that can keep pace with the rapid developments in decentralized finance,” said Emily Bao, head of Web3 and SBU at Bybit. “PYUSD’s performance on Solana has demonstrated the market’s demand for a regulated, secure stablecoin that can keep pace with the rapid developments in decentralized finance,” said Emily Bao, head of Web3 and SBU at Bybit. “As a market leader, we are committed to gaining the best partnerships across Web3, institutional finance, and payment providers globally to help our users be part of the future of finance.” Lily Liu, president of the Solana Foundation, added, “As a market leader, we are committed to gaining the best partnerships across Web3, institutional finance, and payment providers globally to help our users be part of the future of finance.” Lily Liu, president of the Solana Foundation, added, “PYUSD coming to Solana is a significant milestone for the ecosystem. In addition to showcasing that Solana’s performance can support a global payments network, PYUSD on Solana makes use of token extensions, which adds native Web3 capabilities that enhance payments functionality. These capabilities support Paypal’s primacy in payments into the Web3 world, creating a unique asset for Paypal’s users, Solana’s users, and Bybit’s users alike.” “PYUSD coming to Solana is a significant milestone for the ecosystem. In addition to showcasing that Solana’s performance can support a global payments network, PYUSD on Solana makes use of token extensions, which adds native Web3 capabilities that enhance payments functionality. These capabilities support Paypal’s primacy in payments into the Web3 world, creating a unique asset for Paypal’s users, Solana’s users, and Bybit’s users alike.” Bybit Launches PYUSD Campaigns With DIfferent Yield Opportunities To celebrate this historic launch , Bybit is introducing three exclusive campaigns designed to maximize the potential of PYUSD for both retail and institutional investors. historic launch historic launch First up is the chance to explore the Solana ecosystem by trading top tokens on Solana to share a 200 SOL prize pool. Second, any new user who signs up and trades the SOL/USDT pair gets extra SOL rewards. And finally, Bybit users have the chance to earn extra yield by signing up for the limited PYUSD fixed savings product. These campaigns are part of Bybit's leading Spot market, which is at the forefront of cryptocurrency trading in terms of partnerships, trading efficiency, and products. Bybit continually pushes the boundaries to offer users advanced solutions and superior trading opportunities. The PYUSD integration on Solana is a testament to Bybit's dedication to advancing the digital asset landscape. About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team. For more details about Bybit, users can visit Bybit Press. For media inquiries, users can contact: media@bybit.com For more information, users can visit: https://www.bybit.com For updates, users can follow: Bybit's Communities and Social Media Contact Head of PR Tony Au Bybit tony.au@bybit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the  program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the  program here . here here

Bybit To Integrate PYUSD On Solana, Offering Opportunities For Retail And Institutional Investors

ByBybit সোলানায় PYUSD সংহত করতে, খুচরা এবং প্রাতিষ্ঠানিক বিনিয়োগকারীদের জন্য সুযোগ প্রদান করে

ByBybit integriert PYUSD in Solana und bietet Möglichkeiten für Privat- und institutionelle Anleger

ByBybit integrará PYUSD en Solana, lo que ofrece oportunidades para inversores minoristas e institucionales

ByBybit va intégrer PYUSD sur Solana, offrant des opportunités aux investisseurs particuliers et institutionnels

ByBybit सोलाना पर PYUSD को एकीकृत करेगा, खुदरा और संस्थागत निवेशकों के लिए अवसर प्रदान करेगा

ByBybitがPYUSDをSolanaに統合し、個人投資家と機関投資家に機会を提供

ByBybit, Solana에 PYUSD 통합, 소매 및 기관 투자자에게 기회 제공

ByBybit integra PYUSD em Solana, oferecendo oportunidades para investidores de varejo e institucionais

ByBybit интегрирует PYUSD на Solana, предлагая возможности для розничных и институциональных инвесторов

ByBybit, PYUSD'yi Solana'ya Entegre Ederek Perakende ve Kurumsal Yatırımcılara Fırsatlar Sunuyor

ByBybit tích hợp PYUSD trên Solana, mang đến cơ hội cho các nhà đầu tư bán lẻ và tổ chức

ByBybit 将在 Solana 上集成 PYUSD，为散户和机构投资者提供机会

Image: Bitcoin is moving away from its legacy concept, and Bitcoin maximalists are sceptical H1 has been a positive period for Bitcoin and cryptocurrencies. New trends, developments, and positive market sentiment foretell a promising year, potentially aiming for new highs. Summary: The SEC’s approval of Bitcoin Spot ETF and the fourth halving led to Bitcoin's market cap surpassing $1.36 trillion and a new all-time high (ATH) per coin of $73,800.
Competing Layer 1 solutions to keep gaining ground in the following months.
SocialFi’s path this year will determine the success of social platforms in the Web3 world. 2023 was key for the entire crypto community as the waves tossed between economic challenges and global conflicts, and cautious optimism. This year has already started with transformative developments in the cryptocurrency space. A tide of confidence was seen in the U.S. after the SEC’s green light SEC’s green light on Bitcoin Spot ETFs, which lured more mainstream investors. With such changes, Bitcoin (BTC) has outstripped most major assets and indices in the financial spectrum. On June 5th, Bitcoin's market cap surpassed $1.36 trillion after setting a new all-time high (ATH) per coin at $73,800. Though it’s too early to call it a solid bull market, the recent events in Bitcoin, DeFi, and stablecoins indicate that the cryptocurrency landscape will enjoy a bright future for the remainder of the year. Below are the trends and developments to watch out for in H2 2024. Stablecoin Supply Dynamics The stablecoins supply indicates the existing funds flow that is ready to be invested in crypto assets, showing the possibility of market activity. In a major twist of events, Q4 2023 has witnessed the initial positive net change in the supply of the top five stablecoins market capitalizations since Q1 2022. This phenomenon should be closely monitored in the next months to determine whether it is only a temporary change or a more long-term one. Below are the quarterly incremental supply dynamics of the top five stablecoins. Image: Net stablecoin supply change, DeFiLlama Protocol Fee Changes The trend started in 2023 when, in November, the fees generated by the top 20 crypto projects in multiple sectors of activities were more than 88%above those of January. Ethereum is the largest fee generator, with more than two times the fees of any other protocol. DeFi protocols are second in fee generation after Ethereum, with Lido and Uniswap leading the way. This year, DeFi projects and Layer 1s (L1s) generated the most fees, but the NFT sector, led by OpenSea, is also a significant contributor. Bitcoin’s Market Dominance to Be Challenged The first cryptocurrency, Bitcoin (BTC), has come a long way since its launching 2009. Originally designed to send money directly between peers, it is now seen as 'digital gold'—a safe option compared to traditional financial tools in a shaky geopolitical world. As Bitcoin’s network grows, new solutions like layer 2s, Runes, and Ordinals, among others, are popping up. These additions aim to empower the network to handle more transactions and become more inclusive towards its diverse users’ needs. However, not everyone in the Bitcoin community is happy about these changes. According to CryptoLists, many users see the network as only the third in terms of usability, falling behind Ethereum and the Binance Smart Chain. More Value-Creating Layer 2 Solutions to be Introduced to the Market Layer 2 solutions have been a big step forward for Bitcoin–and a big promise. They work on top of the existing Bitcoin network to speed up transactions and make them more efficient without changing the system's basic rules–a method set to reduce traffic and speed up the whole process. The main benefit of layer 2 solutions is that they allow the Bitcoin network to handle more transactions every second than it could before. This is critical to extending Bitcoin's adoption as a way of doing daily transactions globally. The Lightning Network is an excellent example of a layer 2 solution that tackles Bitcoin’s issues with handling large transactions by letting users make small payments quickly. This works exceptionally well for web3 gaming and content creation, where traditional Bitcoin payments are slow and expensive. The Rise of SocialFi SocialFi’s integration of blockchain technology into social applications blends decentralized finance (DeFi) with social applications. The year 2023 saw the rise of product-driven growth within this sector, friend.tech being especially attractive. By November, the friend.tech platform was generating more than $25 million in protocol fees. The blockchain-based social media platform offers token-gated chats through tokens called 'keys' that can be traded, allowing users to profit potentially from a content creator's growing popularity. The hype around friend.tech, particularly among influencers who are not the usual faces of the crypto world, shows the explosive growth of Web3 social applications. SocialFi’s path in H2 2024 will be critical in determining the success of social platforms in the Web3 ecosystem. Bottom line: Bitcoin and Cryptocurrencies to Tackle New Horizons Bitcoin and the crypto industry’s future is rather ambiguous. The adoption of more regulations for cryptocurrencies could bring further stability and legitimacy to the market, while clear regulatory guidelines would foster greater trust and confidence among investors. With the increasing developments in Bitcoin, DeFi, stablecoins, and NFTs, along with the positive market sentiment, this year promises an intriguing season, possibly even setting records. However, with a surging frenzy and the entrance of new market players, the opportunities and tendencies should, therefore, be treated with a mix of optimism and care. Image: Bitcoin is moving away from its legacy concept, and Bitcoin maximalists are sceptical Image: Bitcoin is moving away from its legacy concept, and Bitcoin maximalists are sceptical H1 has been a positive period for Bitcoin and cryptocurrencies. New trends, developments, and positive market sentiment foretell a promising year, potentially aiming for new highs. H1 has been a positive period for Bitcoin and cryptocurrencies. New trends, developments, and positive market sentiment foretell a promising year, potentially aiming for new highs. Summary: Summary: The SEC’s approval of Bitcoin Spot ETF and the fourth halving led to Bitcoin's market cap surpassing $1.36 trillion and a new all-time high (ATH) per coin of $73,800. Competing Layer 1 solutions to keep gaining ground in the following months. SocialFi’s path this year will determine the success of social platforms in the Web3 world. The SEC’s approval of Bitcoin Spot ETF and the fourth halving led to Bitcoin's market cap surpassing $1.36 trillion and a new all-time high (ATH) per coin of $73,800. The SEC’s approval of Bitcoin Spot ETF and the fourth halving led to Bitcoin's market cap surpassing $1.36 trillion and a new all-time high (ATH) per coin of $73,800. Competing Layer 1 solutions to keep gaining ground in the following months. Competing Layer 1 solutions to keep gaining ground in the following months. SocialFi’s path this year will determine the success of social platforms in the Web3 world. SocialFi’s path this year will determine the success of social platforms in the Web3 world. 2023 was key for the entire crypto community as the waves tossed between economic challenges and global conflicts, and cautious optimism. This year has already started with transformative developments in the cryptocurrency space. A tide of confidence was seen in the U.S. after the SEC’s green light SEC’s green light on Bitcoin Spot ETFs, which lured more mainstream investors. With such changes, Bitcoin (BTC) has outstripped most major assets and indices in the financial spectrum. On June 5th, Bitcoin's market cap surpassed $1.36 trillion after setting a new all-time high (ATH) per coin at $73,800 . $73,800 Though it’s too early to call it a solid bull market, the recent events in Bitcoin, DeFi, and stablecoins indicate that the cryptocurrency landscape will enjoy a bright future for the remainder of the year. Below are the trends and developments to watch out for in H2 2024. Stablecoin Supply Dynamics The stablecoins supply indicates the existing funds flow that is ready to be invested in crypto assets , showing the possibility of market activity. In a major twist of events, Q4 2023 has witnessed the initial positive net change in the supply of the top five stablecoins market capitalizations since Q1 2022. invested in crypto assets This phenomenon should be closely monitored in the next months to determine whether it is only a temporary change or a more long-term one. Below are the quarterly incremental supply dynamics of the top five stablecoins. Image: Net stablecoin supply change, DeFiLlama Image: Net stablecoin supply change, DeFiLlama DeFiLlama Protocol Fee Changes The trend started in 2023 when, in November, the fees generated by the top 20 crypto projects in multiple sectors of activities were more than 88% above those of January. 88% Ethereum is the largest fee generator, with more than two times the fees of any other protocol. DeFi protocols are second in fee generation after Ethereum, with Lido and Uniswap leading the way. Lido Uniswap This year, DeFi projects and Layer 1s (L1s) generated the most fees, but the NFT sector, led by OpenSea , is also a significant contributor. OpenSea Bitcoin’s Market Dominance to Be Challenged The first cryptocurrency, Bitcoin (BTC), has come a long way since its launching 2009. Originally designed to send money directly between peers, it is now seen as 'digital gold'—a safe option compared to traditional financial tools in a shaky geopolitical world. As Bitcoin’s network grows, new solutions like layer 2s, Runes, and Ordinals, among others, are popping up. These additions aim to empower the network to handle more transactions and become more inclusive towards its diverse users’ needs. However, not everyone in the Bitcoin community is happy about these changes. According to CryptoLists , many users see the network as only the third in terms of usability, falling behind Ethereum and the Binance Smart Chain. According to CryptoLists More Value-Creating Layer 2 Solutions to be Introduced to the Market Layer 2 solutions have been a big step forward for Bitcoin–and a big promise. They work on top of the existing Bitcoin network to speed up transactions and make them more efficient without changing the system's basic rules–a method set to reduce traffic and speed up the whole process. The main benefit of layer 2 solutions is that they allow the Bitcoin network to handle more transactions every second than it could before. This is critical to extending Bitcoin's adoption as a way of doing daily transactions globally. The Lightning Network is an excellent example of a layer 2 solution that tackles Bitcoin’s issues with handling large transactions by letting users make small payments quickly. This works exceptionally well for web3 gaming and content creation, where traditional Bitcoin payments are slow and expensive. Lightning Network The Rise of SocialFi SocialFi ’s integration of blockchain technology into social applications blends decentralized finance (DeFi) with social applications. The year 2023 saw the rise of product-driven growth within this sector, friend.tech being especially attractive. SocialFi friend.tech By November, the friend.tech platform was generating more than $25 million in protocol fees. The blockchain-based social media platform offers token-gated chats through tokens called 'keys' that can be traded, allowing users to profit potentially from a content creator's growing popularity. The hype around friend.tech, particularly among influencers who are not the usual faces of the crypto world, shows the explosive growth of Web3 social applications. friend.tech $25 million SocialFi’s path in H2 2024 will be critical in determining the success of social platforms in the Web3 ecosystem. Bottom line: Bitcoin and Cryptocurrencies to Tackle New Horizons Bitcoin and the crypto industry’s future is rather ambiguous. The adoption of more regulations for cryptocurrencies could bring further stability and legitimacy to the market, while clear regulatory guidelines would foster greater trust and confidence among investors. With the increasing developments in Bitcoin, DeFi, stablecoins, and NFTs, along with the positive market sentiment, this year promises an intriguing season, possibly even setting records. However, with a surging frenzy and the entrance of new market players, the opportunities and tendencies should, therefore, be treated with a mix of optimism and care.

Bitcoin and Cryptocurrency Trends and Developments to Look Out for in H2 2024

Advancements in Bitcoin Scaling — Side Chains and Layer 2 Solutions as Key Players

Stories, News & Mentions about DEFILLAMA

Defillama’s Stories on HackerNoon

Defillama's News & Mentions