Tokens powering BNB Chain and Solana blockchains surge in value
– BNB and Solana tokens experienced significant gains, rising as much as 10% in the past 24 hours.
– BNB reversed all weekly losses after Binance announced a token sale for Arkham, an on-chain analytics tool.
– Trading volume in BNB surged to $1.2 billion in 24 hours, with large holders depositing millions worth of tokens in advance of the ARKM sale.
– SOL prices increased due to growth in the Solana-based DeFi ecosystem, adding $25 million in locked value since July.
– This surge in value provides opportunities for crypto developers and investors.
Mantle Network considers $200 million ecosystem fund
– Mantle Network, an Ethereum layer-2 project, is voting to create a $200 million ecosystem fund.
– The proposal aims to allocate $100 million from the treasury and raise an additional $100 million to support network development.
– Over 99.5% of the community supports the proposal, providing ample funding for blockchain projects in the next bull market.
Bitcoin remains steady above $30,000
– Bitcoin maintains its value above $30,000 despite poor signs of market liquidity and trading volume growth.
– The number of wallets holding at least one bitcoin reached an all-time high, indicating decentralization of the network.
Hot Take
The surge in value for tokens powering the BNB Chain and Solana blockchains presents exciting opportunities for investors and developers. Additionally, the creation of a $200 million ecosystem fund by Mantle Network demonstrates the continued growth and interest in blockchain projects. Bitcoin’s stability above $30,000 showcases its resilience in the market. Overall, the cryptocurrency industry continues to evolve and provide numerous avenues for growth and investment.
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