Polkadot is currently in the Parachain Rollout (Final) phase of its Blockchain development. As parachains get tested and optimized on parachain testnet and Kusama, Polkadot governance can rollout parachain slot lease auctions. As the parachains get live on the network, Polkadot will be officially launched. 6 parachains have been deployed on Kusama to battle...
With Cardano at the cusp to enter into the Goguen era with the implementation of Alonzo Purple , it marked the deployment of the first fully public Cardano testnet that supports the smart contract functionality. With the tentative launch of Cardano mainnet by the end of August/early September, Cardano’s infrastructure will provide the groundwork for the...
VulcanForged is one of the fastest-growing blockchain gaming platforms. It offers access to 8 games under a single roof. They have recently released an NFT marketplace and a DEX for the exchange of in-built assets. As their native token- PYR powers the ecosystem, this makes the PYR token undervalued and can be considered as the Hidden gem for the gaming ecosystem....
On the year-to-date basis (Jan 1- August 13, 2021), it has yielded gains of ~73x, while this also takes into account the disastrous crash in the month of May. Polygon (formerly known as Matic), is the ultimate torchbearer of the Payments sector in the DeFi ecosystem. In the last 90 days, the Total Value Locked on Polygon has drastically increased from ~$2.44 Bn...
Elrond presents itself as a Scalable blockchain solution that leverages the Sharding technique to offer extremely fast transaction speeds. It has developed Maiar- a digital wallet and global payments app with the aim to redefine how we interact with money by allowing easy yet secured accessibility and exchange of your digital assets. By June 2021, Maiar has bagged...
Sushiswap is a DEX protocol that has retained its position among the top 3 DEX platforms in terms of Total Value Locked. Sushiswap has been able to whitewash its notorious image created due to its anonymous founder, Chef Nomi decided to trade all the ETH held in the development fund worth ~$13 Million on Sep 5, 2020, which ultimately tanked the Sushi prices by...
Chiliz, the fan engagement platform, rose to all-time highs in the first quarter of 2021. With the wave of NFT going on in the crypto markets ushered in by the headlines of Everydays: The first 5000 days being sold out for a whopping $69 million and Jack Dorsey converting his first tweet into an NFT brought the NFT ecosystem into prominence. Chiliz too witnessed...
Curve Finance is currently the leader of the DEX ecosystem on Ethereum in terms of Total Value Locked ($7.35 Bn). While the fees on Uniswap v2 is 0.3% per trade, on the flip side, Curve charges merely 0.04% – a nearly 10x difference. Curve’s infrastructure is built to offer minimum slippage and lower gas fees as it focuses on swapping between similar assets...
Solana is a high-performance layer-1 solution optimized for scalability, it can scale to 50K transactions per second. In the past 1 week, in terms of development activity on the blockchain, Solana has secured the 3rd spot with 348 commits. TVL locked in the DeFi protocols built on Solana Blockchain stands at $997 Mn. Solana came down ~67% from its all-time high...
After a brief consolidation in the last two weeks, BTC opened this week with negative sentiments. BTC formed a Doji candlestick on the weekly TF which depicts that market participants are currently in a state of indecision. At the time of writing, BTC is already down by more than 7% on the weekly basis. On the downside, BTC is trying to sustain above its 50-WEMA...
On the Daily Time Frame, Matic is currently trading at its 20 DEMA. If this support level breaks, the level of $1.47 followed by $1.30 (50 DEMA) will likely act as a support level to the lower side. On the higher side, a Resistance trendline can be drawn connecting the recent two highs. Thus, the level of $1.95 will likely act as resistance. A close above the...
Cardano is a future- proof blockchain which stands at the cusp to enter into the Goguen era that will allow the development of dApps on its network. It has witnessed tremendous growth as validated by the creation of 1 Million ADA Wallets. Among the 3 cryptocurrencies being discussed, ADA looks the most bullish. While the other cryptocurrencies are trying to...
Solana is a high-performance layer-1 solution optimized for scalability, it can scale to 50K transactions per second. In the past 1 week, in terms of development activity on blockchain, Solana has secured 3rd spot with 348 commits. TVL locked in the DeFi protocols built on Solana Blockchain stands at $997 Mn. Solana came down ~67% from its all-time high of...
EIP-1559 Proposal is set to go live on the Ethereum network in July. The proposal will induce a transaction fee pricing mechanism that includes a fixed-per-block network fee getting burnt. As the fraction of gas fee will be burnt, it would reduce the supply of ETH. The proposal will usher in a paradigm shift in token economics, making ETH a deflationary asset. ...
Mdex is an AMM based decentralized exchange that implements a dual-chain DEX model based on the Huobi Eco Chain and Ethereum. It combines the advantage of the low transaction fees of the Huobi Eco Chain and the liquidity of the Ethereum ecosystem, therefore, offering a seamless trading experience on DEX. In 1 Hour Time Frame, MDEX is forming a Ascending Channel...
An open-sourced decentralized finance protocol built on the Ethereum blockchain that has currently locked in ~$7.38 Bn in its protocol. From its All-Time High, COMP too crashed ~70% and is currently trading at $420. It has currently taken support from the level of $350 and it looks like it is forming a Double bottom kind of formation, further downside seems...
With the current crash in the crypto markets, Uniswap too got trapped in the windfall wherein it plunged by ~65% from its trading price of ~$45 on May 3. From its recent low of $13, it has gained more than ~100% and its CMP IS $28.8 at the time of writing, which is still ~36% short of its all-time high. As per smaller TF’s (4Hr and Daily), UNI has managed to...
As per the CoinShares' weekly flow report, Cardano is at the top of the list of crypto assets garnering inflows of $10M. With the environmental concerns revolving around PoW protocols, Cardano presents itself as an energy-efficient PoS blockchain network while it has logged in 1 Million ADA Wallets witnessing a fivefold increase in 2021 itself. On a 4 Hr Time...