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Showing posts with the label activity

This AI token is witnessing sky-high on-chain activity, 90% price rally in a week

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Amid a revived hype surrounding all things artificial intelligence (AI), recently intensified by an exceptionally positive earnings report by one of the major companies in the AI field, Nvidia (NASDAQ: NVDA), one cryptocurrency has particularly stood out in its weekly gains – SingularityNET (AGIX). Indeed, SingularityNET is currently recording a rally of nearly 90% over the week leading up to February 23, recording an even more impressive figure of +128% in the week before February 22, according to the data shared by blockchain and crypto social metrics platform Santiment in an X post on February 22. Furthermore, AGIX recorded a surge in other areas as of February 22, including record-breaking transaction volume at $119.6 million, whale activity that saw nine transactions over $1 million, the total number of its holders reaching an all-time high (ATH) of 93,632, as well as social dominance of 0.18%. Picked for you How much money does Bernard Arnault make a second...
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DeFi activity on the decline, but investment rolls in: Finance Redefined

The total value locked in DeFi plunged by nearly $5 billion in the past week, falling to $44 billion, according to DappRadar data. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. A new analysis by investment management fund VanEck revealed that economic activity in the DeFi sector dropped 15.5% in August. Blockchain Capital, on the other hand, announced two new crypto-focused funds totaling $580 million. Balancer protocol blamed its recent exploit on its DNS service provider, claiming that a vulnerability in the code allowed the exploiters to hijack the front end, and Chainlink and Arbitrum have teamed up on decentralized application (DApp) development on Ethereum layer-2 scaling solution Arbitrum. The top 100 DeFi tokens had a bearish week due to the market decline after the United States Federal Reserve’s interest rate pause, with most tokens t...
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Polygon becomes second-largest gaming blockchain after user activity surges in March

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Polygon overtook Hive for the second spot last month, with the Hunters On-Chain RPG partly driving the growth in unique active wallets. Surging user activity on Ethereum layer-2 scaling solution Polygon in March saw the network become the second -largest Blockchain Gaming network in terms of unique active wallets (UAWs). According to the “ Blockchain Games Report” published by decentralized application (DApp) analytics platform DappRadar, the number of UAWs engaging with Games on Polygon hit 138,081 in March, marking an increase of 53% from February. That figure places Polygon well ahead of third and fourth-ranked Hive and BNB Chain at 84,000 and 80,000 UAWs, respectively, while first-placed Wax is well ahead of the pack with 314,000 UAWs. “Polygon, a blockchain previously known for DeFi DApps, overtook Hive this month and secured the second spot. This is a positive sign for Polygon, as it is now gaining recognition as a gaming blockchain,” the report reads. A significant amount of ...
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