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Sui’s Astounding DeFi Growth Continues into 2024 as TVL Breaks the $500M Barrier

Grand Cayman, Cayman Islands, February 5th, 2024, ChainwireAfter Sui’s TVL surged more than 1500% over the last five months of 2023, its TVL has more than doubled since the start of 2024Sui, one of the fastest-growing Layer 1 blockchains, continued its impressive DeFi growth, surpassing $500M in Total Value Locked (TVL) and solidifying itself in the top 10 of DeFi ecosystems. Alongside this torrid ascent of TVL, on-chain activity has exploded as well. Weekly DeFi volume is up 63 percent over the previous…

Taraxa Launches $10 Million Grant Program for its blockDAG Ecosystem

Panama City, Panama, February 5th, 2024, ChainwireThe Taraxa Protocol Foundation has launched a $10 million Grant Program to drive growth in Taraxa’s unique EVM-compatible blockDAG Layer-1 ecosystem, after an overwhelmingly successful on-chain governance approval. The Taraxa Grant Program is open to any individual, team, and organizations of any type. Funds will be granted specifically for technical development with an emphasis on driving usage and growth within the Taraxa ecosystem, and are disbursed…

a16z’s Chris Dixon thinks it’s time to focus on blockchains’ use cases, not speculation

The crypto world is riddled with noise. Memecoins, speculation, rug pulls, scams, hype and doomers distract us from all the innovative stuff people are building with blockchains. And sometimes the noise pollutes the stream of information so much, it can get really difficult to continue to believe in the technology. Still, one venture capital veteran feels the only way to cut a clear path is to focus on blockchain technology and startups building in the industry. “Crypto and blockchains are in the news a lot, but a…

$1.7 Million Ethereum Move by Foundation Spurs Selling; Osmosis and Borroe Finance Predicted to Surge by 2,000%

The decision by the Ethereum Foundation to change 700 ETH worth $1.7 million to DAI has raised significant questions in the crypto community on the foundation of the expected selling pressure. Meanwhile, Borroe Finance ($ROE) and Osmosis (OSMO) are emerging as some of the top altcoins to watch based on the exponential growth anticipated. >>BUY $ROE TOKENS NOW<< How Borroe Finance Tackles Cash Flow Challenges in Web3 Given that various Web3 players like content creators and businesses face cash…

Trump Meme Coin Soars 15,000%; Galaxy Fox Prepares for Similar Returns

The $TRUMP memecoin took center stage in the crypto world not long ago and in a couple of months, a $7,100  investment in the token jumped to $1.07 million. This signifies a stunning 15000% gain. Also, enthusiastic investor participation has propelled Galaxy Fox to new heights. Now rounding up stage 7 of its presale, $GFOX has become one of  the best meme coins to buy. Trump Memecoin Sees 15,000% ROI  Former President Donald Trump is renowned for the “art of the deal” and his successful, if not sometimes…

tea Protocol Announces Incentivized Testnet Launch, Setting a New Paradigm in Open-Source Software

San Francisco, Puerto Rico, January 29th, 2024, Chainwire The tea Protocol has announced the launch of its highly anticipated Incentivized Testnet on February 21st, 2024. The tea Protocol seamlessly bridges Web2 open-source codebases to Web3 to enhance their sustainability and provide fair rewards to open-source developers. Additionally, tea provides developers access to its incentivized community of vulnerability reporters and is cross-compatible with major package managers including Homebrew, npm, APT,…

Shaping the Future of the Internet

Solana’s Web3 Revolution: Shaping the Future of Decentralized Internet In 2024 Web3, the next evolution of the internet, is reshaping the digital landscape with decentralized, interoperable, and user-centric experiences. At the forefront of this transformation is Solana, a high-performance blockchain platform. This article explores the pivotal role Solana plays in the Web3 ecosystem, delving into its technological features, applications, and the impact it holds on the future of the internet. Understanding…

CoinDCX: CoinDCX and Solana Foundation earmark Rs 25 crore grant for Web3 developers

Web3 company CoinDCX and Solana Foundation have jointly announced a Rs 25 crore grant for Indian developers to build Web3 applications as part of the Solana ecosystem.Solana is a public blockchain known for its high-performance network across use cases such as finance, non-fungible tokens (NFTs), payments, and gaming. The Solana cryptocurrency is one of its most adopted and traded products across the globe, rated third after Bitcoin and Ethereum.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Solana Mobile still has a long way to go until it hits breakeven

Solana Labs co-founder teases possibility of third mobile device Jacquelyn Melinek 16 hours Last month, Solana Mobile’s flagship web3 smartphone, the Saga, sold out. Last week the Solana Labs’ subsidiary launched its second phone and got over 40,000 preorders in less than a week. But the company is not slowing down anytime soon. “After Saga sold out, it felt like there’s an opportunity and the timing in the market was right,” Anatoly Yakovenko,…

Lif3 Accelerates DeFi Adoption and Innovation with BitFinex Listing

Roadtown, British Virgin Islands, January 25th, 2024, Chainwire Followed by LIF3’s Token Migration to Ethereum Network for Enhanced Market Accessibility Today, $LIF3 (pronounced Life), a ground-breaking and complete omni-chain DeFi Layer-1 Curated Blockchain ecosystem, announces its recent listing on Bitfinex (https://trading.bitfinex.com/t/LIF3:USD), a premier digital asset trading platform, after recently migrating to the Ethereum Network from Fantom.  This announcement coincides with Lif3’s vision and…