The Open Network (TON) is poised to drive mainstream adoption of decentralized finance (DeFi) through its integration with Telegram, which boasts over 950 million users. A recent report highlights that TON has surpassed Ethereum in monthly active addresses, fueled by popular games like Hamster Kombat, which has attracted over 300 million users. This dynamic positions TON as a potential catalyst for DeFi’s growth, aiming to onboard 500 million users by 2028.
about Telegram's Role in Driving Mainstream Adoption of Cryptocurrency and DeFiBase Protocol
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Crypto Hack Losses Decline in Q3 2024 with Ethereum as Target
Crypto hack and fraud-related losses decreased in Q3 2024, with Ethereum remaining the most targeted blockchain, suffering 15 incidents that accounted for 44.1% of total losses. Centralized exchanges, particularly WazirX and BingX, were responsible for 69.5% of the $287 million lost, highlighting significant vulnerabilities in private key management. Despite a drop in DeFi losses by 79.2%, centralized finance platforms saw a 66.4% increase in losses, emphasizing the need for improved security measures.
about Crypto Hack Losses Decline in Q3 2024 with Ethereum as TargetNeiro Ethereum and Base Dawgz Rise as Memecoins Gain Popularity
Neiro Ethereum, dubbed the “sister of Doge,” is gaining momentum with a 17% price increase amid speculation of tier-one exchange listings, including a recent ByBit listing. Analysts predict a potential 6x surge in market cap within 30 days, with optimistic targets reaching $100 billion.Simultaneously, Base Dawgz, a multichain memecoin, is attracting attention after a successful presale, raising nearly $3 million. Experts believe it could see a 100x increase, driven by its unique features and strong community engagement.
about Neiro Ethereum and Base Dawgz Rise as Memecoins Gain PopularityThe Rise and Fall of Solana’s Celebrity-Backed Meme Coins
The Solana blockchain saw a surge in celebrity-themed meme coins in June, but many of these tokens quickly lost value, with some dropping by as much as 94% in their first month. Despite the poor performance of celebrity-backed tokens, the Solana ecosystem continues to attract meme coin enthusiasts through community-driven initiatives and new projects like Sealana and Base Dawgz. The network’s low transaction fees and quick processing times have also made it an appealing platform for meme coin trading, although concerns have been raised about insider control and the significant risks associated with meme coins.
about The Rise and Fall of Solana's Celebrity-Backed Meme CoinsMeme Coins Mog Coin and Base Dawgz Gain Momentum in July
Mog Coin and Base Dawgz are two meme coins gaining attention in the cryptocurrency market. Mog Coin, a cat-themed token, has seen a recent surge in price and is close to reaching a new all-time high. On the other hand, Base Dawgz, a dog-themed coin, has unique features such as being available on multiple blockchains and a Share-to-Earn protocol, making it an attractive investment option. Both coins are drawing interest from investors and influencers in the crypto space.
about Meme Coins Mog Coin and Base Dawgz Gain Momentum in JulyEmerging Cryptocurrencies Poised for Growth in 2024
A new wave of cryptocurrencies is emerging, offering unique features and potential for high returns. PlayDoge combines meme coin packaging with a play-to-earn model, WienerAI introduces an AI trading bot, 99Bitcoins focuses on crypto education, and Base Dawgz rides the meme coin trend with a multichain infrastructure. These projects are gaining traction through presales and are poised to challenge the dominance of established cryptocurrencies like Bitcoin and Ethereum.
about Emerging Cryptocurrencies Poised for Growth in 2024Base Emerges as a Leading Ethereum Scaling Solution with $4 Billion TVL
Base, a layer 2 network on Coinbase, has become the third-largest Ethereum scaling solution with $4.17 billion Total Value Locked (TVL). Its surge in TVL was driven by high transaction volumes on decentralized exchanges, surpassing Ethereum’s TPS and recording 50.5 million transactions in 30 days. The upcoming rollout of Coinbase’s smart wallet and plans to onboard more users onto the Base ecosystem are expected to further boost its growth.
about Base Emerges as a Leading Ethereum Scaling Solution with $4 Billion TVLThe Rise of Ethereum’s Layer 2 Networks: A Transformative Forecast
Ethereum’s Layer 2 scaling solutions are predicted to reach a $1 trillion market capitalization by 2030, addressing scalability issues and driving growth in the blockchain ecosystem. Layer 2 networks offer off-chain transaction processing, significantly improving scalability and transaction speeds for Ethereum. Despite intense competition, specialized Layer 2 networks are expected to complement Ethereum’s general-purpose network, with a few emerging as dominant players.
about The Rise of Ethereum's Layer 2 Networks: A Transformative Forecast