The XRP Ledger’s EVM-compatible sidechain, developed by Peersyst, has recorded over 1,400 smart contracts deployed in its first week, highlighting strong developer interest. While contract activity is robust, user adoption has been slower, with only 1,211 new accounts created—80% in the first two days. The network boasts high efficiency, processing over 1.12 million blocks with an average block time of 5.66 seconds and minimal congestion. Low transaction fees (0.048 XRP on average) and a growing DeFi ecosystem, including Uniswap-like protocols, make it an attractive option for scalable smart contract development. Though still modest compared to Ethereum or Solana, the XRPL EVM sidechain is laying the groundwork for a decentralized future within Ripple’s ecosystem.
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Uniswap (UNI) is a decentralized cryptocurrency exchange platform that allows users to swap various cryptocurrencies without the need for a traditional intermediary.
Binaryx Review: European Crypto Exchange Features & Services
Binaryx is a licensed European cryptocurrency exchange headquartered in Tallinn, Estonia, providing a user-friendly platform for trading digital assets. The exchange features an exchange module for quick crypto-to-crypto or crypto-to-fiat transactions, a trading terminal with spot trading capabilities, and a secure crypto wallet. Additionally, Binaryx offers educational resources through its Binaryx Academy and blog, alongside White Label solutions for businesses looking to launch their own crypto platforms. The exchange supports multiple languages and top cryptocurrencies, with plans to expand its services, including margin trading and futures. Binaryx emphasizes accessibility, security, and continuous development to meet user needs.
read moreNodeOps Launches SLA-Backed Compute Protocol on Arbitrum
NodeOps has activated its mainnet on Arbitrum, introducing a permissionless, SLA-backed compute protocol designed for scalability and accountability. The project expands its offerings with staking services, cross-chain integrations, and AI-powered orchestration, targeting the DePIN ecosystem. This launch follows a smooth testnet phase and aligns with Arbitrum’s growing ecosystem, which recently saw other projects like PicWe and Hive go live. NodeOps also leverages community-driven strategies, including a stakedrop program and NODE token listings on major exchanges, to foster adoption. With a focus on verifiable computation and AI orchestration, NodeOps aims to address the complexities of Web3 while contributing to Arbitrum’s bustling Layer 2 activity.
read morePolygon Hits $100B Volume on Uniswap, Boosts DeFi Adoption
Polygon has achieved a significant milestone with over $100 billion in all-time transaction volume on Uniswap, underscoring its growing influence in the DeFi ecosystem. The layer-2 network now handles more than 17% of weekly USDC user activity, reflecting strong adoption. Beyond DeFi, Polygon is making strides in real-world applications, such as tokenized electric motorcycles in Dubai and the RWA platform Karpous, which simplifies blockchain-based investments. Additionally, the network has introduced Pessimistic Proofs to enhance cross-chain security, ensuring safer transactions. Despite its native token POL’s modest price movement, Polygon continues to innovate, bridging blockchain technology with everyday use cases.
read morePicWe Launches Bridgeless Cross-Chain Transfers on Arbitrum
PicWe has launched its bridgeless cross-chain transfer infrastructure on Arbitrum, enabling users to move assets seamlessly from networks like Base and BNB Chain without traditional bridges. The platform also supports developers in building omni-chain applications, eliminating complex multi-chain configurations. This comes as Arbitrum’s ecosystem thrives, with DEXs processing over $500 billion in swaps and the DAO approving an $11.6 million investment in tokenized US Treasury bonds. PicWe’s arrival aligns with Arbitrum’s expansion, including the launch of Onchain Labs to support early-stage blockchain projects. Meanwhile, ARB’s price has risen 6.6% in a week, pushing its market cap above $1.5 billion.
read moreShiba Inu Supply Dominated by Top Whales: 62% Held by 10 Addresses
On-chain analytics firm Santiment reports that Shiba Inu (SHIB) has 62% of its supply controlled by its top 10 whale addresses—the highest concentration among major cryptocurrencies like Ethereum (49%) and Pepe (39%). Stablecoins like USDC show lower centralization at 27%. High whale dominance raises risks of price manipulation, particularly for proof-of-stake assets. Separately, the Crypto Fear & Greed Index indicates strong greed (73/100), nearing extreme levels that historically precede market reversals. SHIB’s price remains steady at $0.0000115, up 3% weekly.
read moreTurkey Blocks PancakeSwap, 45 Crypto Sites in Crackdown
Turkish financial authorities have restricted access to PancakeSwap and 45 other crypto-related platforms, citing unauthorized operations under the Capital Markets Law. The SPK’s July 3 bulletin confirmed legal action against these sites, which allegedly offered services to Turkish residents without approval. PancakeSwap, a leading decentralized exchange with $325 billion in June trading volume, was among the targeted platforms. Turkey’s regulatory stance has grown stricter since 2021, banning crypto payments but allowing trading under new compliance rules, including identity verification for transactions above $425. The crackdown aligns with global trends, as countries like Kazakhstan and Russia also block unlicensed crypto platforms. Turkey aims to formalize digital asset markets amid rising adoption.
read moreTurkey Blocks PancakeSwap in Crypto Crackdown
Turkey’s Capital Markets Board (CMB) has taken legal action to block 46 websites offering crypto services, including the prominent decentralized exchange PancakeSwap. The regulator cited violations under the Capital Markets Law, though specifics on PancakeSwap’s alleged unauthorized activities remain unclear. PancakeSwap, which recorded over $325 billion in trading volume in June, is among the largest decentralized exchanges affected by Turkey’s latest crackdown. The move reflects tightening oversight on crypto platforms in the country, though enforcement against decentralized services poses unique challenges.
read moreArbitrum DEXs Hit $500B in Swaps, Boosting L2 Adoption
Arbitrum’s decentralized exchanges (DEXs) have surpassed $500 billion in swap volume, a testament to its dominance in the Layer-2 space. Major protocols like Camelot, Uniswap, and PancakeSwap have driven this growth, reflecting strong liquidity and user engagement. The network also maintains robust derivatives activity, with daily volumes between $546 million and $746 million. Despite a 5.77% drop in ARB token price, Arbitrum’s TVL remains stable at $2.4–$2.5 billion, supported by over one million active wallets. Innovations like Hive integration and ‘Operation Slowmo’ further enhance its appeal, positioning Arbitrum as more than just a fast, low-cost alternative to Ethereum.
read moreEthereum Community Foundation Aims for $10K ETH
The Ethereum Community Foundation (ECF), launched by core developer Zak Cole, has announced its mission to push ETH’s price to $10,000 by funding ecosystem projects that prioritize ETH burn and scalability. Criticizing the Ethereum Foundation for neglecting ETH’s market value, Cole emphasized that the ECF will support immutable, tokenless projects aligned with Ethereum’s decentralization vision. The foundation’s first grant recipient, the Ethereum Validator Association (EVA), will influence monetary policy via Ethereum Improvement Proposals (EIPs). Cole also called out projects like Uniswap and Optimism for straying from Ethereum’s original vision and highlighted potential conflicts of interest, such as Offchain Labs’ ties to Prysmatic Labs.
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