Schlagwort: crypto business

• Base TVL is up more than 126% in the past month, up from around $405 million on February 25.
• TVL has reached $913 million amid meme coins frenzy and could hit $1 billion this week.

The Total Value Locked (TVL) on Base, an Ethereum layer-2 protocol launched by Coinbase, has reached a new high above $900 million.

Data on DeFiLlama showed the TVL stood at over $913 billion on March 25, up by more than 126% from $405 million on February 25. Bridged TVL was valued at over $1.15 billion.

Base meme coins send TVL soaring

In the past few weeks, the spotlight has been on Solana-based meme coins. The likes of dogwifhat, Bonk Book of Meme, Slerf and Myro have dominated the market with massive gains.

But Base meme coins have seen a decent spike in the past 24 hours, with data showing their market cap has increased more than 400% in 24 hours to nearly $1 billion.

Buying frenzy has hit tokens such as Toshi (TOSHI), Degen (DEGEN) and Mochi (MOCHI), which have all soared more than 30% in the past day.

Nansen highlighted the growth in TVL, noting a surge could see it hit $1 billion this week.

Base TVL is up over 25% from last week ($705m to $892.6m), with the network on the path to hit $1b TVL this week

it looks like @base szn is here pic.twitter.com/x5rRRxnw1s

— Nansen 🧭 (@nansen_ai) March 25, 2024

RWA tokens on the rise

Real world assets (RWAs) have also contributed to Base’s emerging as a force in the market.

With the recent Dencun upgrade in place, low fees sees interaction with dApps on the rise. Users and investors are also taking key dips into the RWA market, eyeing gems.

On-chain data shows a notable impact on Base TVL from RWA projects, including a 28% spike in TVL for Tangible RWA and nearly 6% for Cygnus Finance.

Overall rise in RWA tokens saw the sector’s market cap soar more than 25% to above $7 billion. Top tokens in this market include Ondo Finance, Polymesh, Pendle and TokenFi.

Apart from meme coins and RWA, two other narratives likely to lead the bull cycle are artificial intelligence (AI) and Decentralized Physical Infrastructure Networks DePINs).

The post Base TVL spikes amid meme coin surge, targets $1 billion appeared first on CoinJournal.

• ONDO is one of the RWA tokens attracting huge attention.
• Whale activity spikes amid tokenization spree.
• Data shows whales are buying tokens such as Polymesh, Pendle and TokenFi.

Ondo Finance has surged into the top 100 cryptocurrencies by market cap amid upside momentum for its native token ONDO.

On Monday, March 25, the price of ONDO rose to a new all-time high of $0.9702. Intraday gains at the time of writing was 15%, while Ondo Finance has surged more than 88% this past week and over 116% in the last 30 days.

ONDO price hovered around $0.8997 at the time of writing.

ONDO surges amid whale activity

The real-world-assets (RWAs) space is one of the hottest crypto segments today, with multiple projects in the sector rallying amid unprecedented surge in interest and investment.

Whales or large investors have aggressively looked to add to their positions in RWA related coins.

Ondo Finance’s growth in the RWA ecosystem has seen large investors take notice. Data shared by Lookonchain shows large withdrawals of ONDO from exchanges. This includes 6.53 million ONDO from Bybit last month and 2.9 million ONDO from Gateio earlier today

Ondo Finance announced the launch of Ondo Global Markets in February. The mission is to bring publicly-traded securities on-chain, offering native access to traditional securities.

Meanwhile, the price of Ondo recently jumped by more than 40% as the market reacted to news around BlackRock’s USD Institutional Digital Liquidity Fund.

Other than ONDO, other tokens witnessing huge attention across the space are Centrifuge, Polymesh, Pendle and TokenFi. Polymesh’s price has jumped 87% this past week, while TokenFi’s price has jumped 160%.

According to data from CoinGecko, the RWA market cap has increased by more than 17% in the past 24 hours to over $6.6 billion. The 24-hour trading volume for the sector is over $1.16 billion.

The post Whales accumulate ONDO amid a RWA tokens buying frenzy appeared first on CoinJournal.

One of the two Binance executives held in Nigeria has reportedly escaped from custody, according to a local media outlet. 

Binance is the world’s largest crypto exchange by trading volume and has faced a rough time in Nigeria over the past several months.

Binance exec escapes from Nigeria

Details on Monday claimed that Nadeem Anjarwalla, a 38-year old UK national who has been in detention in Nigeria, escaped via a Middle-Eastern airline. He allegedly used a fake passport to board the flight on Friday, March 22.

Sources familiar with the development say Anjarwalla made the escape after he was taken to a Mosque for prayers.

Nadeem Anjarwalla, the regional manager for Binance in Africa and his colleague Tigran Gambaryan, head of criminal investigations at Binance, were arrested on February 26. Gambaryan is a US citizen.

The two execs’ detention followed a crackdown on the Binance crypto exchange by the Nigerian government, amid allegations of currency manipulation as the Naira plummeted.

The two officials have been in custody since, with the government demanding the exchange release data on its users from the country. A court in Abuja ordered that Anjarwalla and Gambaryan be held for a further 14 days after Binance refused to comply with the demand.

According to local reports, the government has filed a criminal case against Binance, alleging tax evasion. 

Binance has so far not commented on the latest claims and the reported escape.

The post Binance executive held in Nigeria reportedly escapes from custody appeared first on CoinJournal.

• BlockDAG has impressed analysts with a $6.8 million presale
• The Maker token (MKR) has fallen off its recent $3.3k high to test support levels at $2.7k
• Starknet has had a promising first month of trading

A growing number of crypto enthusiasts are making comparisons between the new BlockDAG coin and established tokens like Maker (MKR) and Starknet (STRK). The focus is on how BlockDAG‘s advanced technology potentially reshapes banking, setting a new benchmark in the industry and challenging the traditional frameworks.

Maker (MKR) Price Dynamics

The Maker token (MKR) has recently seen a whirlwind of activity with its price experiencing substantial volatility. The MKR price soared to a yearly high of $3.3k, subsequently retracting to $2.7k. This fluctuation reflects market sentiment and strategic movements within the ecosystem, with significant entities and whales capitalising on these shifts.

The Maker (MKR) price oscillations are more than mere numbers but signify the continuous recalibration of investor trust and strategy, painting a broader picture of the crypto environment’s fluidity.

Starknet’s Market Entry

Entering the crypto scene with a splash, Starknet (STRK) has navigated its inaugural market month with a modest 1.2% gain, an introduction marred slightly by a subsequent 1.6% dip. This initial performance tableau is painted against a high-expectations backdrop and market speculations, influenced heavily by a substantial STRK token airdrop.

Starknet crypto news frequently highlights this balance of anticipation and reality, sketching a portrait of a platform at its nascent stage yet brimming with potential. The Starknet crypto news marks its value oscillations and mirrors the broader narrative of Layer 2 blockchain technologies.

The Revolutionary BlockDAG Network

BlockDAG has big, bold ambitions, aiming to revolutionise industry standards by leveraging blockchain’s power for a spectrum of services, from logistics to digital identity verification. With a strategic launch that has already garnered $6.8 million from its third presale batch and sold over 3817 miners, some analysts believe BlockDAG could be on a fast track to achieving a top-50 spot in Coin Market Cap, underpinned by its robust liquidity goal of $100 million at launch.

BlockDAG leads innovation in cryptocurrency with its new BlockDAG Payment Card, providing users with a secure and easy way to handle transactions globally. This card integrates flawlessly into the BlockDAG ecosystem, empowering users to utilise their cryptocurrencies for everyday efficient transactions. It supports an array of digital currencies, including major ones like Ethereum and Bitcoin, enabling the swift conversion of cryptocurrencies into fiat at competitively low exchange rates.

The card’s versatility extends to a wide range of transactions, facilitating everything from online purchases to ATM withdrawals, all while ensuring users have access to the latest exchange rates, promoting transparency and trust in every transaction.

The strategic foresight is aimed at building a foundation of trust and stability for its community and investors, positioning BlockDAG as the emerging cryptocurrency to pay attention to. The platform’s comprehensive strategy and innovative payment solution place it in a prime position to redefine financial transactions and offer an efficient investment opportunity.

Wrapping Up

BlockDAG distinguishes itself as a frontrunner, with the potential to redefine the financial ecosystem, even as dynamics around the Maker (MKR) price and updates from Starknet crypto news capture traditional market interest. The insights reveal BlockDAG’s potential to innovate beyond the conventional, challenging the status quo upheld by Maker’s fluctuating prices and Starknet’s developments. Choosing BlockDAG means stepping into a modern financial future powered by blockchain, raising the bar for our interactions with digital currencies.

Explore BlockDAG Presale
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu

The post BlockDAG presale hits $6.8 million, Maker retraces recent gains and Starknet makes a splash appeared first on CoinJournal.