š Unioverse (UNIO): Revolutionizing Gaming with Blockchain š š Let's dive into key features and potential of #UNIO in this captivating thread! š§µš 1ļøā£ Introduction: Unioverse is a gaming platform built on a āFranchise as a Serviceā model, allowing players and developers to create, own, and trade game assets using blockchain technology. Players can mint unique items stored on the blockchain and use them across multiple games or trade them on third-party marketplaces. 2ļøā£ Technology: Unioverse leverages blockchain, using NFTs as interoperable assets that can be used across its games. It supports multiple platforms, including consoles, PC (via Steam), and mobile. Players can create and mint custom content, adding value to their assets. 3ļøā£ Whitepaper Analysis: Highlights include user-generated content (UGC), asset interoperability across games, multi-platform support, a community-driven ecosystem, and real-world utility for the UNIO token. 4ļøā£ Use Case: The UNIO token powers the ecosystem, allowing players to mint, trade, and customize in-game assets. Players can stake UNIO for rewards and governance, driving engagement and collaboration in the community. 5ļøā£ Team: Led by Eric Peterson, co-founder of Star Citizen, and a team of industry veterans, Unioverse benefits from deep gaming and blockchain expertise, driving innovation and mainstream appeal. 6ļøā£ Partnerships: Collaborating with N-Fusion, an award-winning video game studio, Unioverse breaks barriers between web2 and web3 gaming, expanding its game library and attracting a broader audience. 7ļøā£ Security: Unioverse prioritizes security with regular audits, ensuring the safety of assets and data. Blockchain technology provides a transparent and secure foundation for its ecosystem. 8ļøā£ Tokenomics: The UNIO token has a fixed supply of 4 billion, with a well-distributed model supporting community participation. It is listed on major exchanges like Kucoin, Gate, and MEXC, ensuring liquidity and accessibility. 9ļøā£ Exchanges: UNIO tokens are available on multiple centralized exchanges Bitget, KuCoin, Gate.io, MEXC, ensuring liquidity and easy access for users to trade and participate in the platform. š Recent Developments: Recent milestones include UNIO token listings, partnerships, and expanding the game library. Unioverse is actively onboarding new developers and rolling out fresh content, keeping the ecosystem dynamic and engaging. 1ļøā£1ļøā£ Conclusion: Unioverse is set to revolutionize gaming by empowering players and developers to create, own, and trade in-game assets with real-world utility. Backed by strong leadership, partnerships, and a secure ecosystem, it is poised for growth in the web3 gaming space. šIf You find this post useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
šTop Project From Recent Funding Round š° Smolbound š
š Smolbound has just secured $6.00M in its latest funding round! š š¹About: Smolbound is a life simulation role-playing game developed by Darkbright Studios. It offers players a unique experience by combining elements of farming, exploration, and collection within an infinite, colorful fantasy world. The game is described as a quirky blend of āAnimal Crossingā and āRaft,ā featuring a user-generated content (UGC) ecosystem and live operations. Smolbound integrates Web3 technology, promoting player ownership and engagement through blockchain. Recently, the project raised $6 million in a seed funding round led by BITKRAFT Ventures, with participation from several other notable investors. This funding will support further development and expansion of the gameās features. Smolbound aims to provide a gentle and immersive farming life experience, appealing to a broad audience of gamers and crypto enthusiasts alike. šš š¹ Lead Investors: Bitkraft Ventures, Rockawayx, Play Ventures, Arbitrum Foundation, Anhos Capital and many more. š¹ Total Raised: $6.00M. š¹ Project Category: GameFi, RPG. šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
Momentum shift in play! š„ The price has broken through the descending trendline, signaling a potential upward move. With strong horizontal support around $3.375, where the price has bounced multiple times, this level is key. Look for buy opportunities inside the Green Box and if the price stays above $4.50 and starts making higher lows ā thatās your signal to enter! šš„ #WeAreAllSatoshi #BinanceTurns7 #TIA/USDT #TIAUSDT #ModularBlockchain $TIA
š Pichi Finance (PCH): Revolutionizing Points Trading in DeFi š š Let's dive into key features and potential of #PCH in this captivating thread! š§µš 1ļøā£ Introduction: Pichi Finance is a trustless points trading protocol allowing users to trade points from various protocols before token generation events (TGE). Using ERC-6551 accounts, Michi Wallet NFTs let users transfer ownership of wallets containing point-earning tokens, creating a seamless and collateral-free trading process. 2ļøā£ Technology: Leveraging ERC-6551, Pichi Finance enables NFTs to function as wallets, holding and transferring points securely. The Michi Wallet NFT plays a central role, ensuring trustless trades where accepted sales cannot be reversed, providing certainty to both buyers and sellers. 3ļøā£ Whitepaper Highlights: Pichi Finance emphasizes trustless trading with no need for collateral, integrates ERC-6551 for NFT-based wallets, and supports multiple protocols for a unified marketplace, enhancing liquidity and reducing entry barriers. 4ļøā£ Use Case: The platform allows users to monetize points before TGE through PCH tokens, used for transactions and incentivizing participation. Users earn points by depositing tokens into Michi Wallet NFTs and trading them on the marketplace. 5ļøā£ Team: Founded by David Zhu, Eric Zhu, and Wesley Tang, Pichi Financeās leadership brings deep expertise in blockchain, DeFi, and NFTs. Their vision is backed by $2.5 million in seed funding, driving innovation and growth. 6ļøā£ Partnerships: Collaborations with leading protocols like Eigenlayer, Renzo, and Kelp DAO enable support for various points, enhancing liquidity and trading opportunities within the ecosystem. 7ļøā£ Security: Regular audits, smart contract testing, and the secure nature of ERC-6551 accounts ensure that Pichi Finance operates with robust security measures, safeguarding user assets. 8ļøā£ Tokenomics: With a total supply of 1 billion PCH tokens and 121 million in circulation, the distribution model incentivizes early adoption and rewards participation, promoting sustainable growth within the ecosystem. 9ļøā£ Exchanges: PCH tokens are available on multiple centralized exchanges Gate.io, MEXC, ensuring liquidity and easy access for users to trade and participate in the platform. š Recent Developments: Pichi Finance has integrated ERC-6551, expanded partnerships, and launched community initiatives to drive engagement and participation, showcasing its commitment to continuous innovation. 1ļøā£1ļøā£ Conclusion: Pichi Finance is transforming the points trading market by offering a trustless, secure, and innovative solution. With its unique use of ERC-6551, strong team, and expanding partnerships, the platform is set to lead the way in DeFi. šIf You find this post useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
šTop Project From Recent Funding Round š° Meridian š
š Meridian has just secured $4.00M in its latest funding round! š š¹About: Meridian is a decentralized financial platform offering a suite of non-custodial services, including stablecoin issuance, lending, exchange, and perpetual trading. It aims to empower users with tools to navigate the decentralized financial landscape efficiently and confidently. Meridian allows users to trade whitelisted crypto assets with up to 50x leverage, obtain interest-free overcollateralized loans against ETH, and earn interest, fees, and rewards for supporting the protocol. The platform features zero-slippage swaps and a unique fee structure that maintains the USD peg of its stablecoin, USDM. By integrating various financial services into a unified, user-friendly application, Meridian seeks to provide the best borrowing and trading conditions in the market. The ecosystem is designed to be flexible and accessible, catering to both novice and experienced crypto users. With its innovative approach, Meridian is positioned to become a significant player in the decentralized finance space. šš š¹ Lead Investors: ParaFi Capital, Borderless Capital, Amber Group, Saison Capital and many more. š¹ Total Raised: $4.00M. š¹ Project Category: DeFi, DEX, LSDfi. šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
Consolidation at a key resistance zone! The price is testing the crucial $2.00 mark, a psychological barrier that could open up the charts for a big move. š Buy if price breaks and sustains above $2.00, or look for entry opportunities inside the Green Box during consolidation. This is your moment to act before the breakout! š„š¹ #WeAreAllSatoshi #BinanceTurns7 #SUI #SUIš„ #Layer1 $SUI
š Recently Rebranded Project Analysis! DeFi x AI Project Quantlytica (QTLX) š
š Quantlytica: AI-Powered Liquidity Distribution in DeFi š š Let's dive into key features and potential of #QTLX in this captivating thread! š§µš 1ļøā£ Introduction: Quantlytica is an AI-driven multi-chain liquidity distribution protocol. By leveraging machine learning, it simplifies DeFi strategy building and testing, offering automated strategies tailored to user needs. With integrations across various chains, Quantlytica ensures security and high performance in DeFi investments. 2ļøā£ Technology: Powered by LSTM Networks, Quantlyticaās AI continuously monitors and analyzes asset performance, providing tailored liquidity automation. Its streamlined interface consolidates multiple DeFi protocols, making it user-friendly and accessible for managing diverse investments. 3ļøā£ Whitepaper Highlights: AI-driven strategy optimization, multi-chain support, automated liquidity solutions, robust security protocols, and decentralized governance ensure a strong foundation for DeFi innovation. 4ļøā£ Use Case: Quantlytica simplifies DeFi participation, with the QTLX token serving as a central element for transactions, governance, and staking rewards. Users can easily access premium services and participate in platform governance through QTLX. 5ļøā£ Team: Led by Han Ye and Wei-Kai Liao, the team comprises experts from hedge funds, traditional finance, and blockchain. Their diverse backgrounds drive Quantlyticaās innovation and long-term growth. 6ļøā£ Partnerships: Collaborating with Polygon Labs, Web3Port, and Eureka Partners, Quantlyticaās strategic partnerships bolster its ecosystem, providing users with more investment opportunities across DeFi platforms. 7ļøā£ Security: Security is a priority at Quantlytica, with continuous asset monitoring, comprehensive due iligence, and third-party audits ensuring a secure environment for usersā assets. 8ļøā£ Tokenomics: QTLX has a 100 million token supply, designed to promote decentralized governance and incentivize participation. With 45% allocated for community incentives, Quantlytica focuses on long-term stability and user engagement. 9ļøā£ Exchanges: QTLX is listed on both centralized and decentralized exchanges like Bitget, MEXC, Uniswap etc., providing liquidity and accessibility to investors. This widespread listing enhances market presence and user reach. š Recent Developments: Quantlytica recently launched Earn Season 2 and expanded multi-chain support to Arbitrum, Polygon, BSC, and Ethereum. These developments show Quantlyticaās commitment to continuous growth and innovation. 1ļøā£1ļøā£ Conclusion: Quantlytica combines AI and machine learning with a user-friendly platform to optimize liquidity distribution. With strong technology, security measures, and a decentralized governance model, Quantlytica is poised to succeed in the evolving DeFi landscape. šIf You find this post useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
šTop Project From Recent Funding Round š° Layer š
š Layer has just secured $6.00M in its latest funding round! š š¹About: Layer is an Ethereum scaling solution that utilizes WebAssembly (WASM), allowing developers to write applications in languages like Rust that can run on various platforms, including iPhones. Layer's upcoming product, Layer SDK, enables developers to build new layers on top of Ethereum to run full-stack blockchain-based applications. Build your way, without compromise. Leverage 'Ethereum's foundational security while retaining complete control and customization over your blockspace. With Layer you can easily build, deploy and manage full stack, decentralized applications with WASM, using Containerized AVSs (CAVSs) to minimize dependency risk and bring verification and distribution completely on-chain. LAYER is changing the limits of what we can achieve, giving visionary developers the opportunity to create completely new apps and experiences.šš š¹ Lead Investors: 1kx, Arrington XRP Capital, Fabric Ventures, IOBC Capital, Sreeram Kannan and many more. š¹ Total Raised: $6.00M. š¹ Project Category: Blockchain Infrastructure. šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
Bullish breakout confirmed! š„ The price has broken out of a falling wedge, signaling a potential trend reversal. With strong support around 0.2845 USDT, the bulls are ready to defend this key level where the breakout occurred. Keep an eye on a buy opportunity near the current price of 0.33 USDT, or take advantage if the market gives you a chance inside the Green Box! šš¹ #BinanceTurns7 #WeAreAllSatoshi #wusdtšš„ #Wormholecoin #Wormhole $W $SOL $ARB
šTop Project From Recent Funding Round š° Sophon š
š Sophon has secured $71.69M in its funding rounds! š š¹About: Sophon is a community-driven, entertainment-focused ecosystem built on a modular rollup stack leveraging zkSyncās Hyperchain technology. It aims to address high transaction fees and limited cross-chain interoperability, which often lead to fragmented user experiences in current blockchain systems. Sophon is designed for high throughput applications such as artificial intelligence and gaming, making it a versatile platform for developers and users alike. The project has secured significant funding and strategic collaborations with ecosystems like zkSync, Beam, and Aethir. Sophonās mainnet launch is highly anticipated, with a focus on seamless user experiences and intuitive designs. The ecosystem includes features like liquidity farming, allowing users to participate and secure SOPH tokens. Additionally, Sophon Guardianship is being developed to support node buyers, enhancing the networkās robustness. With a total value locked (TVL) of $230 million and 23 million Sophon Points farmed, the project is rapidly gaining traction. Sophon aims to push the boundaries of user experience, making blockchain interactions effortless and enjoyable. šš š¹ Lead Investors: The Spartan Group, Binance Labs, OKX Ventures, Naven 11 Capital, HTX Ventures and many more. š¹ Total Raised: $71.69M. š¹ Project Category: Modular Chain. šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
A key opportunity is approaching! Look for a buy zone near 0.10 USDT at the lower wedge and support level. If a triple-bottom pattern forms and price rebounds, itās the perfect time to enter a long position! š Set your stop loss around 0.075 USDT to protect against a wedge breakdown. This setup hinges on price action at the wedge support, so watch closely for volume and candlestick confirmation before taking action. š¹š„ #BinanceTurns7 #zkSync #zkEVM #Layer2 #Layer2Coin $ZK $ETH
š Sky (SKY): The Next Evolution of Maker Protocol in DeFi š š Let's dive into key features and potential of #SKY in this captivating thread! š§µš 1ļøā£ Introduction: Sky is the rebranded version of the Maker Protocol, aiming to simplify DeFi. Dai (DAI) has been renamed to USDS, and the governance token MKR is now SKY. Key features include Sky Token Rewards (STRs) and the Sky Savings Rate (SSR), boosting user engagement. 2ļøā£ Technology: Built on decentralized, non-custodial blockchain tech, Sky offers security and transparency. The first Sky Star, Spark, provides a 6% yield on DAI deposits and enables USDS borrowing at 7%, enhancing the DeFi experience. 3ļøā£ Whitepaper Highlights: Skyās mission is to democratize DeFi, making it accessible and inclusive. It emphasizes security, scalability, and decentralized governance. MKR has been upgraded to SKY at a 1:24,000 ratio to broaden ecosystem access. 4ļøā£ Use Case: Sky allows users to deposit assets, earn interest via the SSR, or borrow against their holdings. The governance token SKY enables community-driven decision-making, ensuring a decentralized approach. 5ļøā£ Team: Led by Rune Christensen, co-founder of MakerDAO, the team brings expertise in blockchain and finance. Their commitment to decentralization and innovation continues to drive the Sky vision forward. 6ļøā£ Partnerships: Strategic collaborations with other DeFi protocols and blockchain platforms enhance liquidity and expand Skyās ecosystem, making its financial services more comprehensive. 7ļøā£ Security: Sky undergoes regular audits by third-party firms, ensuring transparency and protection of user assets. Decentralized governance and robust security measures build trust within the community. 8ļøā£ Tokenomics: SKY replaces MKR, with a 1:24,000 token upgrade, increasing accessibility. The supply model encourages long-term holding and participation in governance, the Total supply is 1093.98M. 9ļøā£ Exchanges: SKY is available on major exchanges like KuCoin, Kraken & Uniswap V3, providing liquidity for trading, staking, and other financial activities within the ecosystem. š Recent Developments: Sky has launched its first Sky Star, Spark, and introduced new features like STRs and the SSR, driving user engagement. The rebranding signals a shift toward simplicity and wider DeFi adoption. 1ļøā£1ļøā£ Conclusion: Sky is revolutionizing the Maker Protocol, focusing on user-friendliness, security, and inclusivity. With innovative features and a robust governance model, Sky is poised to lead the next wave of DeFi transformation. šIf You find this post useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
šTop Project From Recent Funding Round š° RD Technologies š
š RD Technologies has just secured $7.80M in its latest funding round! š š¹About: RD Technologies, based in Hong Kong, is pioneering the fintech landscape with its innovative approach to building a trusted and efficient business world. The company focuses on facilitating payments and commerce through the use of blockchain technology and stablecoins. Recently, RD Technologies secured $7.8 million in Series A financing, attracting investments from prominent industry players like Sequoia China and Solana Foundation. This funding will help bridge the gap between Web2 and Web3, contributing to the development of the Web3 ecosystem in Hong Kong. The company has also joined the Hong Kong Monetary Authorityās āStablecoin Issuer Sandbox,ā marking a significant milestone in its mission to develop financial infrastructure for the Web3 ecosystem. With subsidiaries like RD InnoTech Limited and RD Wallet Technologies Limited, RD Technologies is building a compliant and trusted financial platform. Their efforts aim to disrupt the traditional payment industry by offering more efficient and cost-effective cross-border payment solutions. Through these initiatives, RD Technologies is positioning itself as a key player in making Hong Kong a global Web3 hub. šš š¹ Lead Investors: SolanA Ventures, Aptos, SNZ hldings, Hash Global, HongShan and many more. š¹ Total Raised: $7.80M. š¹ Project Category: CeFi, Payments. šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
From February to mid-July, the price was trapped under a strong descending trendline. Now, from mid-July to October, the price has been consolidating within the Green Box, ranging between $0.34 - $0.50 USDT. Buy Zones: 1ļøā£ Inside the Green Box for accumulation 2ļøā£ On breakout of the Green Box for momentum buyers. š¹š„ #BinanceTurns7 #strkusdt #STRK #STRKToken #Layer2 $STRK
š Newly Launched Project Analysis! TON Ecosystem GameFi Project Fanton Fantasy Football (FTON) š
š® Fanton Fantasy Football (FTON): Revolutionizing Fantasy Sports with Blockchain ā½ š Let's dive into key features and potential of #FTON in this captivating thread! š§µš 1ļøā£ Introduction: Fanton is a play-to-earn game that merges fantasy football with blockchain tech, leveraging Telegram for seamless user interaction. Players create teams using NFT cards based on real football stars, participate in tournaments, and earn rewards in Toncoin and NFTs. 2ļøā£ Technology: Built on the TON blockchain, Fanton uses NFT cards and a scoring system based on real-world football performance. It integrates a noncustodial wallet within Telegram, allowing users to manage NFTs and Toncoin easily, making it highly accessible. 3ļøā£ Whitepaper Insights: Fanton aims to revolutionize fantasy sports with blockchain, offering transparent gameplay, NFT-based assets, and economic incentives through its $FTON token. The platform emphasizes security, player engagement, and scalability. 4ļøā£ Use Case: Players use $FTON to purchase NFT cards, enter tournaments, and trade tokens. Performance-based rewards in $FTON create a self-sustaining economy, where players are incentivized to improve and stay engaged. 5ļøā£ Team: Fantonās team includes experts in blockchain, gaming, and sports. Backed by investors like Animoca Brands and Delphi Ventures, the team focuses on user engagement, continuous development, and strategic partnerships. 6ļøā£ Partnerships: Collaborations with football leagues, clubs, and blockchain providers enhance Fantonās authenticity and security. These partnerships are critical for the game's scalability and user adoption. 7ļøā£ Security and Audits: Fanton employs robust security via the TON blockchain and conducts regular audits to protect user data and assets. The noncustodial wallet integration with Telegram ensures users maintain control over their assets. 8ļøā£ Tokenomics: With a total supply of 500 million $FTON tokens, allocations are set for community rewards, development, and team incentives. Vesting periods and distribution schedules ensure a balanced and sustainable token economy. 9ļøā£ Exchanges: $FTON is listed on major centralized and decentralized exchanges like Gate.io, KuCoin, MEXC, ensuring liquidity and easy access for traders. Efforts continue to expand availability, driving further adoption and market presence. š Recent Developments: Fanton recently secured $1 million in seed funding and now boasts over 3 million users and 300,000 connected wallets. New features and tournaments keep the game exciting, ensuring long-term engagement. 1ļøā£1ļøā£ Conclusion: Fanton Fantasy Football blends entertainment, blockchain, and financial incentives seamlessly. With its innovative NFT system, Telegram integration, and strategic partnerships, Fanton is set to thrive in the $25 billion fantasy sports market. šIf You find this post useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
šTop Project From Recent Funding Round š° SecondLive š
š SecondLive has just secured $12.00M in its latest funding round! š š¹About: SecondLive is a dynamic metaverse platform designed to facilitate self-expression and creativity among its users. With over a million users, it offers a virtual space where individuals can create avatars, explore various virtual environments, and participate in large-scale events. Backed by Binance Labs, SecondLive aims to build a Web3 open metaverse that can serve up to a billion people. The platform supports user-generated content and AI-generated content, allowing users to craft their own digital lives and profit from their creations. Key features include a strong carrying capacity for concurrent users, extensive application scenarios, and a sustainable commercial model focused on the entertainment industry. SecondLiveās realistic style makes it easier for users to integrate it into their daily lives, offering spaces for social interaction, gaming, concerts, and more. The project has successfully hosted large events, such as a virtual concert by American rap star Quavo, demonstrating its capability to handle significant user engagement. With continuous development, SecondLive aims to enrich its avatar styles and virtual spaces to support diverse activities like AMA sessions, live streaming, and staking. šš š¹ Lead Investors: Binance Labs, GBV capital, Crypto.com Capital, Spark Digital Capital, Cypher Capital and many more. š¹ Total Raised: $12.06M. š¹ Project Category: GameFi, NFT, Web3. šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
The price has formed a falling wedge, a bullish reversal pattern! Now trading within an accumulation zone (Green Box), this is the ideal time to watch for an entry! š¹š„ šµ Buy Zone: $1.364 - $1.51 (Blue Box) š„ A breakout could trigger strong upward momentum. Get ready for potential massive gains! #BinanceTurns7 #ETHFIš„š„š„ #ETHFI #BTC #ETHš„š„š„š„ $ETHFI
š EigenLayer: Redefining Ethereumās Security š š Let's dive into key features and potential of #EIGEN in this captivating thread! š§µš 1ļøā£ Introduction: EigenLayer is a protocol on Ethereum that introduces ārestaking,ā allowing users to reuse their staked ETH or Liquid Staking Tokens (LSTs) to secure additional applications. Stakers earn rewards while boosting the security of various decentralized services, making EigenLayer a key player in Ethereumās future. 2ļøā£ Technology: EigenLayer enables Ethereum stakers to secure additional decentralized apps (dApps) by delegating their staked ETH or acting as operators themselves. The protocol supports high-security services like DeFi platforms, cross-chain bridges, and oracles, offering a flexible, modular security model. 3ļøā£ Whitepaper Insights: EigenLayer allows stakers to validate new software modules by imposing additional slashing conditions on their staked ETH. This boosts decentralized app security, facilitates permissionless innovation, and offers ETH holders new fee-generating opportunities. 4ļøā£ Use Case: EigenLayer enhances Ethereum's network by letting stakers secure extra services and earn rewards. The EIGEN token plays a key role in resolving intersubjective faults, ensuring the trustworthiness of services built on the protocol. 5ļøā£ Team and Leadership: Led by Sreeram Kannan, a blockchain researcher and former professor at the University of Washington, EigenLayer is developed by a talented team from EigenLabs. Kannanās vision extends Ethereumās security to other services without creating new validator networks. 6ļøā£ Partnerships: EigenLayer raised $100 million from Andreessen Horowitz (a16z) in 2023. This funding has been pivotal in driving development and attracting decentralized services eager to tap into Ethereumās pooled security. 7ļøā£ Security and Audits: EigenLayer's proof-of-stake system ensures AVS operators face slashing risks for malicious actions. The protocol is rolling out gradually, with in-protocol payments and slashing mechanisms expected later this year. 8ļøā£ Tokenomics: EIGEN has a total supply of 1.68 billion tokens, with an initial circulating supply of 185 million. The token secures AVSs, helping resolve intersubjective faults, while its current FDV is at $6.61 billion. 9ļøā£ Exchanges: EIGEN is tradable on major centralized exchanges like Binance, Bybit, OKX, KuCoin and MEXC. Since its launch, the token has seen strong trading activity, debuting with a fully diluted value of $6.51 billion. š Recent Developments: EigenLayerās mainnet launch saw the debut of EigenDA, a data-availability service. With billions in user deposits already, EigenLayer is quickly becoming one of the top destinations for crypto inflows. 1ļøā£1ļøā£ Conclusion: EigenLayerās restaking mechanism enhances Ethereumās security and supports decentralized innovation. With strong leadership, investor backing, and a robust security model, EigenLayer is set to become a foundational protocol in the Ethereum ecosystem. šIf You find this post useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
šTop Project From Recent Funding Round š° Infinex š
š Infinex has just secured $65.29M in its latest funding round! š š¹About: Infinex is a decentralized finance (DeFi) platform launched by Kain Warwick, the founder of Synthetix. The project aims to revolutionize the DeFi sector by addressing some of its most significant barriers, such as complex wallet configurations, asset bridging, and high gas fees. Infinex simplifies wallet setup, making it accessible with just a few clicks, and introduces efficient asset bridging technology to facilitate seamless transfers across different blockchains. Additionally, the platform eliminates gas fees, making DeFi transactions more affordable for users. By enhancing user experience and reducing costs, Infinex seeks to attract a broader audience to the DeFi space, promoting greater financial inclusion. The platform supports multiple blockchains, including Ethereum, Solana, and Polygon, ensuring wide interoperability. Infinexās innovative approach is expected to increase liquidity and transaction volumes within the DeFi ecosystem, contributing to its growth and stability. Overall, Infinex represents a significant step forward in making decentralized finance more user-friendly and accessible to everyone. šš š¹ Lead Investors: Framework Ventures, Solana Ventures, Wintermute, Moonrock Capital and many more. š¹ Total Raised: $65.29M. š¹ Project Category: DeFi, DEX. šIf You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha š¦šš»
Weāre seeing a potential trend reversal after a prolonged downtrend, making this a prime opportunity for a swing trade! š With targets set toward the next resistance levels, now is the time to take action! š„ Just remember to keep an eye on that critical support at $0.6318āitāll help confirm the breakoutās validity. Donāt miss this chance to ride the wave! šš¹š„ #BinanceTurns7 #Layer1 #ZETA/USDT #zeta #BTCā $SUI $SEI $SOL