Ethereum

Russia’s largest bank, Sberbank, is moving forward with the plan to launch its decentralized finance (DeFi) platform, preparing to trial the product in a few months. Sberbank expects to launch open trials of its DeFi platform by May 2023, Sber’s Blockchain Lab product director Konstantin Klimenko announced, the local news agency Interfax reported on Feb.

AXS users can now access NFT loans and also earn staking rewards Despite the development, Axie Infinity was struggling with improving adoption  On 2 February, Axie Infinity’s [AXS] engine, the Ronin network, confirmed that users of the Play-to-Earn project could access loans directly in their wallet. According to the announcement, the feature was made available

Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January. The market hit $74.6 billion worth of staked assets, increasing by 26% from December. In its latest monthly report, DappRadar outlined the growth of the DeFi sector alongside rejuvenated nonfungible token (NFT) markets that have also had upticks

Miners might revert to a revenue increase as the Puell Multiple left the capitulation area. Market statistics showed that the current condition was not overheated. Bitcoin [BTC]  holders were not the only recipients of welcome developments recently. Like the holders, miners who have struggled with inhospitable conditions may also have cause to celebrate in the

Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern

Fantom [FTM] has surged 200% since its price rally began in January. Several metrics are suggesting a bull run except for the MVRV ratio. Fantom [FTM] is undoubtedly one of the coins in the market that saw a significant surge in January. When seen on a daily timeframe, it rallied by 200% from January 1

Polygon collaborated with a finance giant in tokenizing assets. While NFT interest surged, MATIC could also remain bullish in Q1. As part of its plans to expand its impact in the crypto sector, Polygon [MATIC] secured a partnership with Hamilton Lane per its $2.1 billion tokenization flagship fund. In October 2022, the investment firm announced that

APE suffered a drop in new holders after the launch of APE staking in Q4 2022. Krill accounts held 70.5% of APE’s total supply by the end of Q4 2022. A persistent decline in Apecoin’s [APE] value in Q4 2022, aggravated by the unexpected implosion of cryptocurrency exchange FTX, Messari, in a new report, found

Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other

Chainlink reiterated that it was open to adopting dynamic NFTs. Its NFT volume has been relatively good, but LINK circulation was down. Chainlink [LINK], which prides itself as the industry standard for web3 services, could dive into Dynamic NFTs [dNFTs] in the future. On 30 January, the decentralized oracle network shared a tweet differentiating between

According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the “Zhejiang” public withdrawal testnet will launch on Feb. 1 at 3:00 pm UTC. Six days after Zhejiang, the Shanghai and Capella testnets will also be triggered at epoch 1350. Jayanthi noted: “This is also a great opportunity for all tools to test

Despite the market decline in 2022, NEAR saw an uptick in user activity. NEAR token might be due for a price reversal. In its assessment of NEAR Protocol’s [NEAR] performance in Q4 2022, cryptocurrency research firm Messari found that the network experienced a surge in user activity in the last three months of the tumultuous

UNI token may be overvalued based on the fee-to-market cap ratio. Bot activity on the protocol along with order flow toxicity increased. Based on token terminal data, it was observed that UNI, the native token of Uniswap, was trading at a 16.20x multiple to the annualized fees it generated. Uniswap users were paying around $420

Hedera’s DeFi sector has registered promising growth, despite the crypto winter. Of late, HBAR’s volatility increased by a great margin. Thus, making it a risky investment. Hedera Hashgraph made significant strides in the DeFi sector, according to a recent report by Messari. Despite the prolonged crypto winter, Hedera’s improvements in DeFi remained unscathed. Notably, the

BNB’s weekly report mentioned all the updated statistics of the network.  Metrics remained in BNB’s favor but the technical indicators favored the bears.  Binance Coin [BNB] recently published the latest edition of its weekly report, which highlighted all the major developments that happened in its ecosystem in the last seven days. Not only there were

PancakeSwap concluded its special Lunar new year jackpot event.  Whale interest increased but price action remained dormant.  Recently, PancakeSwap [CAKE] joined BNB and AvengerDAO to increase securities within the ecosystem. AvengerDAO is a unique community-run security infrastructure project designed to protect users on the BNB Chain from possible exploits, scams, and malicious actors.  More detailshttps://t.co/MuGiN71hsz