Near Protocol has collected $350 million in a financing round led by prominent hedge fund Tiger Global and a number of notable VCs, including Dragonfly Capital, FTX Ventures, and Hashed, the company said on Wednesday.
Norwegian Internet pioneer Opera has announced its Web3 browser has expanded its range of supported blockchain ecosystems with several popular chains, including Solana, Polygon, StarkEx, Ronin, Celo, Nervos, IXO, and Bitcoin.
Liquidity Providers for TUSD and BAL receive rewards from the Polygon Stablecoin Pool Incentive Program. In return for adding liquidity, providers will receive BAL, TUSD, and MATIC
Manta Network and several other Polkadot parachain teams, seven to be exact, have partnered to launch a $250 million aUSD Ecosystem Fund. The objective is to grow Polkadot’s leading stablecoin Acala USD. The participating projects are aiming to advance security and support for new and existing companies in the cryptocurrency industry.
Ambire wallet is the first open-source, non-custodial crypto wallet with e-mail authentication. Delivering a highly accessible UX and a secure, audited tech, the wallet is packed with features that are about to set new industry standards for usability. Highlights of these standards include hassle-free on-boarding, automatic transaction fee management, built-in ability to swap assets, and hardware wallet support.
Both the PoW and PoS consensus are designed to achieve the same purpose; decentralization, immutability and network security. PoW consumes huge amounts of eletricity to secure the network, while the PoS algorithm is less power-intensive. The PoS is therefore better suited for DeFi.
The cryptocurrency sector has continued to evolve at an unfathomable rate throughout the last couple of years, as is evident from the fact that the total market capitalization of this relatively nascent industry has grown from a little under $200 billion to around $2 trillion between 2020 and 2022 alone.
Decentralized finance continues to attract much attention in the cryptocurrency industry. Gauging an ecosystem’s success is often done by looking at the Total Value Locked. Cronos continues to make solid inroads and highlights its growing dominance in the space.
Digital wallet MetaMask, one of the most popular gateways to the world of decentralized finance (DeFi) and Web3, has reportedly surpassed the 30 million monthly active users (MAUs) milestone. The growth of ConsenSys’ flagship crypto wallet offering can not be overstated – in the last four months, its user base increased by more than 40%. For further context, the wallet had just 5 million users last April.