The post Bitcoin Halving Aftermath: 3 Altcoins Primed for 100x Gains appeared first on Coinpedia Fintech News

As the crypto market undergoes shifts in sentiment and focus post-Bitcoin halving, analyst Altcoin Buzz took to his latest analysis and listed three potential projects. Explaining the importance of narratives in investment strategies, the analyst spoke about the relevance of the artificial intelligence (AI) narrative. Positioned as an integral part of the evolving crypto landscape, AI-focused projects are attracting attention. His top three picks are:

Graphlinq

AI-focused projects attract attention as they are integral to the evolving crypto landscape. At the forefront of this narrative is Graphlinq (GLQ), a layer-one blockchain that simplifies the development of AI agents and decentralized AI applications (dApps).

Graphlinq offers both the Graphlinq Chain and Protocol, with the latter comprising a set of no-code tools facilitating the creation of AI apps and autonomous agents. The project’s deflationary tokenomics, coupled with its user-friendly infrastructure, make it a compelling investment opportunity. With a current market value of approximately $32.8 million, GLQ presents potential for significant growth, particularly as the market dynamics shift post-Bitcoin halving.

Stacks

This coin emerges as a prominent player within the Bitcoin ecosystem, positioned to benefit from increased attention and investment post-halving. As a leading Bitcoin layer two solutions, Stacks facilitates faster settlement times and enhanced scalability, aligning with the growing demand for efficient blockchain infrastructure.

The upcoming Nakamoto upgrade, introducing parallel processing capabilities, is poised to enhance Stacks’ utility and value proposition further. With a market value of $4.4 billion and a notable price trajectory, STX represents a compelling investment opportunity within the evolving Bitcoin ecosystem.

Polygon

Polygon (MATIC) stands out as a multifaceted project addressing both layer one (L1) and layer two (L2) challenges within the blockchain ecosystem. Polygon remains a robust and innovative platform despite recent price underperformance, attributed partly to broader market dynamics impacting L1 and L2 projects.

Polygon’s aggregated layer solution, designed to enhance liquidity and interoperability across various chains, underscores its commitment to advancing blockchain infrastructure. With a current price near its lowest levels since late 2023, MATIC presents an attractive buying opportunity for investors seeking exposure to a quality project at a discounted price.

According to Foresight News, Arbitrum, Optimism, Polygon, StarkWare, and zkSync are set to integrate with Avail's data availability architecture. In addition, Avail is expected to launch its mainnet in the coming weeks.

The integration of these platforms with Avail's architecture is a significant development in the blockchain technology sector. It is anticipated that this collaboration will enhance the efficiency and effectiveness of these platforms, providing a more robust and reliable service for users.

The upcoming launch of Avail's mainnet is another key event to watch out for. This launch will mark a major milestone for Avail, signifying its readiness to provide its services on a larger scale. The mainnet launch is expected to take place within the next few weeks, although a specific date has not been provided.

This news highlights the continuous growth and development in the blockchain technology sector, with companies like Arbitrum, Optimism, Polygon, StarkWare, and zkSync continually seeking ways to improve their services and provide better solutions for their users. The integration with Avail's data availability architecture is a clear indication of this commitment to innovation and improvement.

According to TechCrunch, Stripe, a leading fintech company, is making a comeback in the cryptocurrency market. The company announced on Thursday that it would begin accepting cryptocurrency payments, starting with USDC stablecoins. Initially, these payments will only be accepted on Solana, Ethereum, and Polygon. This marks Stripe's first acceptance of crypto payments since 2018 when it discontinued Bitcoin support due to its instability.

In 2022, Stripe made its initial reentry into the cryptocurrency market by announcing payouts in USDC, with Twitter being its notable customer for the service. However, no customer names have been attached to Thursday's announcement. The news is expected to be officially announced by Stripe co-founder and President John Collison at the company's Connect developer conference in San Francisco.

Stripe's reentry into the crypto market is part of a broader strategy to expand its services. On Wednesday, the company announced a series of launches, including allowing customers to integrate competing payment providers with Stripe's financial services tools for the first time.

Stripe's history with cryptocurrency has been a delicate balance. While the company has shown interest in blockchain-based technologies and their impact on financial services, it has also been cautious not to jeopardize its position as a stable financial powerhouse. In 2014, Stripe began testing Bitcoin, the first major cryptocurrency. However, by 2018, it withdrew from these activities, citing Bitcoin's volatility and instability.

In June 2019, Stripe became a founding member of Libra, Facebook's cryptocurrency project, but withdrew support by October 2019. It took three more years for Stripe to reengage with cryptocurrency, this time with Twitter and USDC payouts. It remains to be seen how long Stripe will continue with this latest launch and what its future efforts will look like. However, it is understood that the company is already considering other stablecoins and platforms.

Polygon (MATIC), the popular Ethereum scaling solution, has been facing significant challenges in recent weeks, with its price chart being described as “absolutely disgraceful” by renowned crypto analyst Michaël van de Poppe.

The token’s underperformance has raised concerns among investors and traders alike, prompting a closer examination of its technical indicators and potential trade setups.

Michaël van de Poppe’s Perspective

In a recent tweet, Michaël van de Poppe expressed his disappointment with Polygon’s price action, stating that the token is “underperforming massively.”

He suggested that he might consider investing in MATIC if it drops another 30%, as this could potentially indicate a rotation point. However, van de Poppe also emphasized that there may be better opportunities available in the market at present.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +Show less – Technical Analysis by altFINS

A detailed technical analysis by altFINS from April 22 provides valuable insights into Polygon’s current price action and potential trade setups.

Trade Setup

Polygon’s price trends are currently mixed, with the token trading within a Channel Down pattern. After bouncing off the channel support at $0.60, MATIC is now approaching a significant resistance area, which includes the channel resistance trendline and a horizontal resistance level at $0.75.

Source: altFINS – Start using it today

For swing traders, the current setup presents an opportunity to trade within the channel, entering near the support and exiting near the resistance. Trend traders, on the other hand, are advised to wait for a breakout above the $0.75 level before initiating a position.

Pattern Analysis

Polygon is currently trading within a Channel Down pattern, which is considered a bearish formation. Traders who believe that the price will remain within the channel can initiate trades when the price fluctuates between the channel trendlines. However, if a breakout occurs, either above or below the channel, the price can move rapidly in the direction of the breakout.

Trend and Momentum

The trend analysis for Polygon reveals a downtrend on both short-term and medium-term timeframes, while the long-term trend remains bullish. The momentum indicators are currently mixed, with the MACD (Moving Average Convergence Divergence) line above the MACD Signal Line, indicating a bullish momentum, while the RSI (Relative Strength Index) is below 45, suggesting a bearish momentum.

Support and Resistance Levels

The nearest support zone for Polygon is located at $0.60, followed by $0.50. On the upside, the token faces significant resistance levels at $0.75 (previous support), $0.90, and the $1.00-$1.05 range.

Polygon’s recent price action has been disappointing, with the token underperforming significantly compared to other cryptocurrencies. While Michaël van de Poppe suggests that a further 30% drop could potentially indicate a rotation point, he also highlights the availability of better investment opportunities in the market.

Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.

Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters

The post Popular Crypto Analyst Flags MATIC Chart as ‘Absolutely Disgraceful’; Shares When He Might Buy Polygon appeared first on CaptainAltcoin.

The post Popular Analyst Believes XRP Could Rise To $5 In 2025; Borroe Finance Could Well Be Worth More appeared first on Coinpedia Fintech News

The crypto market is buzzing as analysts predict Ripple (XRP) will reach $5.00 in 2025. This bold prediction has shaken the crypto market. Yet, some analysts believe Borroe Finance ($ROE) has more potential to breach the $5.00 level sooner. Let’s explore which is the best crypto to buy now for higher ROI.

>>BUY $ROE TOKENS NOW<<

Cryptocurrency Analysts Predict XRP’s Future

Ripple has been a hot topic in the crypto market due to its legal lawsuit against the US SEC. Many predictions have been made regarding the future of XRP and its price trajectory. A popular analyst, Jake Gagin is in the headlines with his explosive price prediction.

He predicts that XRP will trade around $5.00 by 2025. However, XRP was trading around $0.50 in mid-April. It has lost around 14% value in the past month. Moreover, XRP is down over 85% from its ATH of $3.84 in January 2018.

In addition, industry experts say the RSI and MACD of XRP suggest downward momentum. Thus, the prediction of Jake Gagin may not work in the short term. In the long term, the altcoin price needs to be 10x from here to reach $5.00 in the long term.

So, there is mixed sentiment towards the prediction from crypto investors. XRP lawsuit update will also have an impact on its price. Thus, we have to wait till 2025 to see if the prediction proves to be right.

Amid these, experts say a new blockchain ICO–Borroe Finance could topple XRP in terms of ROI.

Borroe Finance Empowers Web3 Growth

Borroe Finance is making headlines as it gets support from experts. Experts back $ROE for higher ROI than XRP, which is struggling with the US SEC lawsuit. Borroe Finance enables Web3 businesses to turn future invoices into immediate cash.

Borroe Finance offers an AI-powered funding marketplace to trade and sell NFTs of future revenue. This helps Web3 businesses to unlock capital instantly and smoothly. It will help Web3 content creators like NFT artists, writers, etc. who often have irregular income.

The platform is built on top of the Ethereum sidechain–Polygon. Polygon blockchain offers low transaction fees and faster transactions which is essential for Borroe Finance to operate smoothly. Also, it will have Ethereum security.

It offers a suite of features for token holders, including discounted fees, premium features, and governance rights. Borroe Finance is at the final stage of the presale, offering $ROE at $0.02 per token. They have already sold over 290 million $ROE tokens and only 145 million tokens are remaining to be sold.

Additionally, $ROE tokens provide an incentive of a 20% bonus for new buyers using the promo code “WELCOME”. When $ROE lists in Uniswap, a DEX (decentralized exchange), at $0.025, new investors will gain 25%. Thus, experts recommend buying and HODL $ROE tokens for higher ROI in the long term.

Learn more about Borroe Finance ($ROE) here:

Visit Borroe Finance Presale | Join The Telegram Group | Follow Borroe Finance on Twitter

Polygon (MATIC) is one of the few altcoins that is recovering amid strong investor support. Discover Mallconomy cutting-edge features, from AI-powered sales assistants to gamified browsing rewards, revolutionizing the metaverse shopping and investment experience.

Polygon Investors are Bullish

MATIC price is rising on the daily chart, with Polygon investors believing there is potential for this recovery . This is indicated by minimal online sales volumes over the past few days.

If we distribute active addresses by profitability, we can note that only 6% of investors are in profit . The largest category are addresses at the break-even point, which choose the “hodl” strategy and are in no hurry to sell in anticipation of a further rise in prices.

Active MATIC addresses by yield. Source: IntoTheBlock

This behavior of investors supports the process of price recovery. Further support for the recovery is provided by traders in the futures market. They make bullish bets on MATIC prices, thus demonstrating optimism and confidence. This is evidenced by the funding rate, which has been negative over the past few days.

Funding rate MATIC. Source: Coinglass

The funding rate is a commission that is paid between holders of long and short futures contracts and helps maintain price equilibrium. Typically, a negative rate indicates a predominance of short contracts, while a positive rate indicates a predominance of long contracts. The funding rate goes from negative to positive. This is considered a bullish signal and indicates that the value of the token may rise in the near future.

Polygon (MATIC) Price Forecast

The MATIC price rebounded from the support level of $0.65 and at the time of publication is slightly above the important support of $0.72, which has already been tested for strength several times: each time prices bounced from it and rushed up.

Daily chart MATIC/USDT. Source: TradingView

Thus, once this level confirms its support status, the MATIC price may recover to $0.81. A breakout of this level will help the token win back almost half of the losses incurred earlier this month.

However, if the support at $0.72 is broken, the price could fall to $0.65, which would invalidate the bullish scenario and lead to a potential drawdown to $0.60 or lower.

Mallconomy: The Most Entertaining Shopping Experience

At the heart of Mallconomy’s innovation are AI-powered sales assistants that provide personalized support and guidance to shoppers. Powered by AI and featuring Ready Player Me avatars, these assistants are available 24/7 in stores, offering tailored suggestions and assistance based on each customer’s preferences and needs. This intelligent support enhances the overall shopping experience, making it more interactive, efficient, and enjoyable for users.

Moreover, Mallconomy introduces a groundbreaking feature called Browse to Earn, where customers can earn rewards simply by exploring and engaging with products. This gamified approach not only incentivizes browsing but also encourages active participation and interaction within the platform. Shoppers earn points for various actions, from browsing through items to making purchases, creating a dynamic and rewarding shopping journey.

Mallconomy NextGen LaunchPad & Community Engagement

In addition to its innovative shopping features, Mallconomy offers a NextGen LaunchPad experience that revolutionizes investment opportunities in the metaverse. This LaunchPad operates like a Tinder-like platform for investing, allowing users to support their favorite brands’ metaverse stores, participate in group land purchases, and invest time or money while owning a valuable MallCard NFT. This unique investment model adds excitement and engagement to the metaverse investment landscape, creating a vibrant and captivating experience for investors.

Mallconomy’s community-centric approach further enhances its appeal, as it actively involves users in guiding its development and success. By putting the community at the forefront, Mallconomy fosters a sense of ownership and empowerment among its users, building a strong and engaged community that contributes to the platform’s growth and evolution. With its blend of innovative features, seamless accessibility, and community empowerment, Mallconomy is paving the way for a new era in metaverse shopping and investment experiences.

The post Polygon (MATIC) Price on The Rise, While Mallconomy is Empowering Metaverse Shopping first appeared on The VR Soldier.

The future of Web3 is undeniably cross-chain, with protocols and communities spanning diverse ecosystems and layers. Recognizing the pivotal role of cross-chain governance in this evolving landscape, Q Development AG, a company headquartered in Liechtenstein which supports the Q Protocol, is thrilled to announce the deployment of Hyperlane on Q. 

Hyperlane, founded in 2022, is the first permissionless interoperability framework built for the modular blockchain stack. Backed by leading crypto investors, Hyperlane is revolutionizing cross-chain connectivity. The company’s messaging bridge has been deployed on Q, facilitating seamless interoperability across Hyperlane’s expansive network of over 50 ecosystems and blockchain networks.

The first blockchain that has been integrated is Polygon PoS, one of the most used protocols in the world. The network has tens of thousands of dApps, more than 3 million average daily transactions, $5 billion in secured assets, and some of the top brands building on it.

The collaboration marks a significant milestone for Q in creating a fundamental governance layer for Web3. 

Enabling cross-chain governance on Q with Hyperlane 

 

Hyperlane serves as an interoperability framework within the modular blockchain stack. It functions as an Arbitrary Messaging Bridge (AMB), enabling the seamless exchange of interchain messages across many chains within the Web3 ecosystem. 

 

Q provides a novel key primitive for Web3: Shared Governance Security. Projects using Q’s governance opt-in features can safeguard critical governance decisions. This opens a new design space for developers, increases projects’ security, and helps them become truly decentralized.   

 

Up until now, Q’s governance features were only available to projects building natively on Q. Embracing the modular blockchain thesis, cross-chain governance functionality is a critical step on the development roadmap for Q. The goal is to enable all projects to tap into Q’s governance security features, no matter on which chains they are.  

 

Deploying and connecting to Hyperlane is an important step towards making this vision a reality. “Enabling cross-chain governance on Q is a game-changer. Our vision is to create value for all of Web3, and the way to do this is to make Q’s governance security available to all Web3 projects—no matter which chain they build on, “ says Nicolas Biagosch, co-initiator of the Q Protocol. 

“Cross-chain governance is a critical challenge facing every project that operates across multiple blockchains,” said Jon Kol, Founder of Hyperlane. “By deploying the Hyperlane interoperability framework, Q can now extend its powerful governance capabilities to any blockchain connected to the Hyperlane network – starting with Polygon PoS. And the best part? Hyperlane’s permissionless architecture meant Q could integrate and host this solution on its own. This is  an excellent example of what builders can achieve with truly open, permissionless interoperability tools.”

About Q Development AG

 

Q is a novel blockchain protocol acting as a fundamental governance layer in Web 3. 

It combines the benefits of a public, open, and decentralized ledger with the transparency and predictability of enforceable private contracts, thereby enabling adoption by a great variety of use cases that desire decentralization but require scalability and dependability.

Q Development AG is a private company based in Gamprin-Bendern, Liechtenstein, whose primary purpose is to advance the Q protocol and support the Q ecosystem. To learn more about Q please visit: https://q.org/ 

Twitter | LinkedIn

About Hyperlane 

Hyperlane is the permissionless interoperability framework connecting the modular ecosystem. With Hyperlane, anyone can connect any blockchain, rollup, appchain, on any VM. Additionally, Hyperlane’s modular security stack gives developers the power to customize their interchain security to their needs.  To learn more about Hyperlane please visit: https://www.hyperlane.xyz/

About Polygon Labs:

Polygon Labs is a software development company building and developing an aggregated blockchain network that provides cross-chain interoperability via the Aggregation Layer, a decentralized protocol on Ethereum that unifies user bases and liquidity for all connected chains. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols, including Polygon PoS, Polygon CDK, and Polygon zkEVM, as well as  Polygon Miden, which is in development.

Website | Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook

For media inquiries:

Cassiopeia Agency

Nadine Arendse ; Nadine@cassiopeia-ltd.com

info@cassiopeia-ltd.com

The post Q Blockchain and Hyperlane Pioneer Cross-Chain Governance Solutions appeared first on Visionary Financial.

Despite recent dips in the crypto market, Polygon (MATIC) remains resilient, with its sights set on reaching the $0.80 zone. Analysts suggest that seller exhaustion may pave the way for MATIC’s upward trajectory, injecting optimism into the ecosystem.

However, it’s Borroe Finance ($ROE) that’s capturing the attention of crypto enthusiasts. Positioned as a pivotal player in the Web3 space, Borroe Finance is redefining decentralized finance (DeFi) with its innovative approach.&middot

For the full story, head over to TheCurrencyAnalytics.com.

The Immutable team announced via X on Wednesday that PlanetX is set to launch on Immutable zkEVM, powered by Polygon.

According to an analysis by cryptocurrency analyst Ali shared via a tweet post, current indicators might suggest a prime buying opportunity for Polygon’s MATIC. The 30-day, 365-day, and MVRV Z-Score Ratios have all plunged into negative territory. This shift often hints at an undervaluation of the asset, potentially positioning MATIC as an attractive investment for discerning buyers.

Short-Term Analysis: The 30-Day MVRV Ratio

Ali’s analysis highlights that the 30-day MVRV ratio for MATIC has dipped below zero. This indicates that the average purchase price over the last month overshadows the current trading price. For short-term traders, such a scenario typically signals a possible undervaluation. Consequently, it might be a suitable time to buy, expecting a rebound soon.

Long-Term Perspectives: The 365-Day MVRV Ratio

Moreover, the 365-day MVRV ratio has also entered negative realms. This longer view suggests that the price is now below the yearly average, reflecting a potential loss for long-term investors. However, for those who trust in the enduring value of MATIC, this could be seen as a favorable entry point, especially if they are prepared to endure market fluctuations.

Additionally, the MVRV Z-Score is also negative. This metric serves to identify periods when an asset is extremely over or undervalued compared to its “fair value.” A negative Z-Score typically indicates that the asset is currently undervalued. Historically, such levels have often aligned with market bottoms, suggesting a possible pivot point for MATIC.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

Show more +Show less – Recent Price Movements and Market Sentiment

At the time of writing, MATIC trades at $0.747576, up 1.80% over the last day, according to CoinMarketCap data. Despite this slight uptick, the general price trend over the past months has shown significant downward movement. This trend, coupled with the current negative MVRV ratios, might imply that the sell-off has led MATIC to an undervalued state and potential buying opportunity for investors.

Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.

Check NuggetRush ($NUGX) Sponsored: Invest Responsibly, Do Your Own Research. Buy NUGX Today Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices A unique play-to-earn gaming platform in the memecoin market The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience Fosters a strong community by encouraging physical meetups among members NFT Integration with Prominent Characters

The post Polygon’s MATIC Shows Buy Signals Across Key Technical Indicators: Here’s What to Watch appeared first on CaptainAltcoin.

Franklin Templeton enables peer-to-peer transfers for its $380 million money market fund via its BENJI token on Stellar and Polygon blockchains.

The Franklin OnChain U.S. Government Money Fund (FOBXX) investors can now transfer the fund’s BENJI token directly between each other without any intermediary.

The token, available on the Stellar (XLM) and Polygon (MATIC) blockchains, represents shares in the fund that holds government securities, cash, and repurchase agreements, providing a steady yield to token holders.

According to Jason Chlipala, chief business officer of Stellar Development Foundation, enabling peer-to-peer transfers puts Franklin Templeton at the forefront of the financial sector, promoting openness, transparency, and accessibility.

We’re excited to announce peer-to-peer transferability for the yield-bearing BENJI security token! This new feature will provide users the ability to send BENJI tokens to other BENJI holder’s digital wallets. One BENJI security token is a share of the Franklin OnChain U.S.… pic.twitter.com/WFhsCyx0BQ

— Franklin Templeton Digital Assets (@FTI_DA) April 25, 2024

You might also like: Spot Ethereum ETFs reportedly facing potential SEC denial

This development is important as it enhances the token’s utility. It could potentially facilitate trading on secondary markets or serve as collateral for loans in decentralized finance (defi) platforms.

Roger Bayston, head of digital assets at Franklin Templeton, emphasized the importance of integrating blockchain-based assets seamlessly into the broader digital asset ecosystem. Tokenized U.S. Treasuries represent a growing trend in bringing traditional financial assets to blockchain rails, with the market for such assets reaching $1.2 billion, according to rwa.xyz data.

BENJI, launched in 2021, holds the largest market capitalization among similar offerings, with newcomers like Ondo Finance and BlackRock’s BUIDL fund, with Securitize gaining ground by allowing peer-to-peer token transfers.

Read more: Woo X launches tokenized US Treasury bills for retail investors

SNEAK PEEK

Ethereum reigns supreme in the daily NFT market, registering over $7.13 million in sales and maintaining its market dominance.

Solana emerges as a strong contender, boasting higher transaction and user engagement figures than both Ethereum and Bitcoin combined.

Additional blockchain platforms like Polygon and Mythos Chain contribute notable sales and transaction volumes, underscoring a vibrant and competitive NFT landscape.

Ethereum once again claimed the top spot in the daily NFT market, surpassing competitors with over $7.13 million in sales on Wednesday. This performance highlights Ethereum’s ongoing dominance despite not reaching the $10 million mark since early April. Bitcoin closely trailed, securing second place with a sales volume just shy of Ethereum’s figures, marking its third day below the $10 million threshold. Meanwhile, the Bitcoin Ordinals NFT, particularly NodeMonkes, led the day’s collection rankings.

Ethereum leads with over US$7 mln in daily NFT sales – Forkast News https://t.co/e8zcXGbMCX #nft #nftnews #nfts

— Kyked (@kykednft) April 25, 2024

Significantly, Solana captured the third position, with sales exceeding $5.08 million. This blockchain stood out due to its large number of unique buyers and sellers, totaling 29,292 and 23,251, respectively, and generating an impressive 108,427 transactions. These figures notably surpass the combined daily totals of Ethereum and Bitcoin, underscoring Solana’s robust market activity.

Additionally, other blockchains like Polygon and Mythos Chain also showed considerable daily activities. Polygon reported over $1.78 million in sales, supported by 20,992 unique buyers and 7,691 unique sellers. Mythos Chain, though smaller in volume, still boasted a significant transaction count of 34,303, with sales reaching $850,851.

Moreover, the dynamic nature of blockchain technology supports these platforms in maintaining a steady flow of transactions and user engagement, which is vital for their growth and stability in the competitive NFT marketplace. Consequently, the day’s figures reflect not only the economic activities but also the technological advancements that continue to shape the digital assets landscape.

Hence, the ongoing competition among leading blockchains like Ethereum, Bitcoin, and Solana offers a clear view of the shifting dynamics in the NFT market. This competitive environment not only drives innovation but also provides valuable insights into consumer behavior and market trends.

Ethereum’s lead in the market is a testament to its established infrastructure and continued relevance in the digital transaction space. As the market evolves, the role of these technologies will likely become even more pivotal, reflecting broader trends in digital commerce and decentralized finance.

The post Ethereum Dominates with Daily NFT Sales Surpassing US $7 Million appeared first on Today NFT News.

Avail, a blockchain solution focused on Web3 unification, announced new strategic collaborations with five leading layer-2 networks in an effort to create more scalable data availability and rollup unification.

On April 25, Arbitrum, Optimism, Polygon, StarkWare and zkSync were revealed as new partners that will leverage Avail’s data availability layer and unification architecture. Avail said the collaboration aims to create more scalable, cost-efficient, and composable chains that are able to onboard millions of users.

This is possible through Avail’s data availability layer (DA), which will serve as the basis for the unification architecture through mathematical guarantees of data availability, along with a built-in validator ecosystem.

Marc Boiron, the CEO of Polygon Labs, said that a strong DA layer is important for an enhanced developer experience. 

“It’s important to provide this type of optionality to developers when the ultimate goal is to enable a thriving and robust ecosystem of connected blockchains through the AggLayer.”

Limited data availability remains one of the blockchain industry’s biggest roadblocks when it comes to mainstream adoption and optimizing networks for mass usage. Without the proper amount of DA, scaling becomes bottlenecked.

Related: ‘No bridges or wrapping’ — dWallet and Avail are building native Bitcoin rollups

According to the announcement Avail is operating with an “un-opinionated base layer” that can support any blockchain. 

Eli Ben-Sasson, the CEO of StarkWare, said that in trying to build a “seamless user experience for everyone” solutions that optimize data and unify the Web3 are key.

The idea of lower friction for developers in order to scale for mass adoption of blockchain applications has been widely discussed throughout the last year. It is a major hurdle for networks looking to expand.

During the ETHGlobal conference in London in March, the co-founder of Avail, Anurag Arjun, spoke with Cointelegraph stressing the ecosystem’s need for more infrastructure that unifies rollups. 

In March, he said that they aim to become a rollup agnostic platform serving major rollup protocols such as StarkWare, zkSync, Arbitrum and Optimism. Therefore this latest announcement marks a step in that direction.

It comes shortly after Avail announced an airdrop on April 18 of 600 million of its native AVAIL tokens to users.

Magazine: 7 ICO alternatives for blockchain fundraising: Crypto airdrops, IDOs & more

According to Foresight News, Avail, a modular blockchain project under Polygon, has announced the launch of its Turing testnet. The Turing testnet serves as the final testing environment before Avail's mainnet, focusing on deployment review, stress testing, and scalability assessment.

Avail is encouraging blockchain developers to begin testing on Turing to ensure the readiness of the mainnet. The Goldberg testnet, however, will be phased out at some point in the future.

Stripe has officially restarted its cryptocurrency payment options. Kicking off this new chapter, the company is now accepting USDC stablecoins, with support currently limited to Solana, Ethereum, and Polygon networks. This development is a big change since 2018 when the tech giant stepped back from Bitcoin transactions, attributing the decision to the cryptocurrency’s instability.

A Strategic Expansion in Crypto Capabilities

Last year, Stripe began tiptoeing back into the crypto industry by facilitating payouts in USDC, though it steered clear of accepting crypto payments directly. Notably, Twitter was spotlighted as a primary client for this payout service. The latest announcement, however, doesn’t highlight any specific customer engagements.

The news broke during Stripe’s Connect developer conference in San Francisco, led by co-founder and president John Collison. Collison delivered a punchline about the efficiency improvements, saying, “Transaction settlements and costs are no longer on par with Christopher Nolan movie lengths or budgets.” His remarks emphasized that the return to accepting crypto is aimed at providing a substantially improved user experience through the use of stablecoins.

Moreover, Stripe used the occasion to introduce several other innovations, including for the first time, the ability for clients to integrate alternative payment providers within Stripe’s suite of financial tools. This move is part of a broader strategy to diversify the company’s offerings and break down the ‘walled garden’ approach it has taken in the past.

On the Crypto Terrain

Stripe’s engagement with cryptocurrency has been a careful one.

Despite its rapid growth and processing over $1 trillion in transactions last year, the company remains cautious. It acknowledges the disruptive potential of blockchain technologies but is wary of jeopardizing its established image as a reliable financial behemoth by overly indulging in the volatile crypto market.

At the Global Internet Economy conference, also held this Thursday, John Collison touched on Stripe’s long history with cryptocurrencies, recalling the discontinued Bitcoin support which ceased due to lack of use. “We’re thrilled to be diving back into crypto, this time around with a focus on utility and efficiency,” he commented during his keynote speech titled ‘The Future of Payments’.

Crypto, according to Collison, is finding its place as a viable medium of exchange, thanks to faster transaction speeds and reduced costs. He hinted that this renewed approach to crypto payments is expected to roll out later this summer.

While Stripe has not made major crypto-focused announcements recently, last year’s developments included the introduction of a fiat-to-crypto onramp, catering to Web3 companies. This tool allows these companies to customize their branding and customer interactions, while a Stripe-hosted version simplifies user access to cryptocurrencies.

Collison, in a discussion with Axios last spring, mentioned seeing potential in crypto despite the previous setbacks and tepid demand for early products. He reiterated the company’s interest in exploring how cryptocurrencies could influence future financial technologies and services.