Fastest EVM Blockchains: BSC and Polygon BNB Smart Chain (BSC) reached 378 in real TPS during a surge in on-chain activity on December 7, 2023. This makes BSC the fastest blockchain among EVMs, but it ranks only third overall, reaching less than half the throughput speed of Sui.
Similarly, the inscriptions frenzy had Polygon recording 190 in real TPS on November 16, 2023. Therefore, Polygon is currently the fastest among the major Ethereum scaling solutions, being 8.4 times faster than Ethereum itself, but falling further behind the top 3 fastest blockchains.
In other words, individual Ethereum scaling solutions and layer 2s have yet to surpass other Layer 1s in terms of actual transaction speed. This may be due, in part, to the lower number of on-chain transactions in Ethereum scaling solutions, leading to slower realized TPS for these blockchains.
In total, Ethereum and the top ten scaling solutions record 500 real TPS in total, putting their combined transaction speeds ahead of BSC, but still remain slower than Solana and Sui. Besides Polygon, 4 other scaling solutions that have proven to be faster than Ethereum (23 TPS) include Arbitrum (59 TPS), Linea (56 TPS), Base (37 TPS), and Mantle (25 TPS).
PayPal has announced the integration of its stablecoin, PYUSD, on the Solana blockchain. This partnership leverages PayPal's payment expertise with Solana's speed, security, and cost-effectiveness, enabling near-instant global settlements and low-cost transactions. This is a significant development for both PayPal and Solana, showcasing the growing adoption and utility of Solana in the financial sector
🚨 U.S. Senator Ted Cruz has started mining Bitcoin by purchasing mining equipment! This move highlights Cruz's growing interest in the crypto world and his support for the Bitcoin ecosystem. Stay tuned for more updates on this exciting development. 🌐💼💰
Important Developments of the Week (2 - 8 June 2024) Monday, June 4: • 10:00: Türkiye Consumer Price Index (CPI) will be announced. (Expectation: 75.80%, Previous: 69.80%) Thursday, June 7: • 15:15: The European Central Bank (ECB) will announce the interest rate decision. (Expectation: 4.25%, Previous: 4.50%) Friday, June 8: • 15:30: US Unemployment Benefits Applications will be announced. (Expectation: - , Previous: 219K) • 15:30: US Unemployment Rate will be announced. (Expectation: - , Previous: 3.9%) • 15:30: US Non-Farm Employment Data will be announced. (Expectation: - , Previous: 175K) Token Lock Expansions: • June 3: $49 million $SUI
• June 4: $12 million $AI
• June 8: $39 million $ENS • June 8: $10 million $TNSR • June 9: $25 million $GMT
Bitcoin continues to attract the attention of investors with its promising predictions. Experts suggest that BTC could reach between $80,000 and $250,000 by the end of 2024; Some long-term forecasts predict prices will rise up to $600,000 by 2030.
This bullish outlook is driven by factors such as increased corporate interest, the upcoming halving event, and global warming. Bitcoin's role as a hedge against inflation. What is explained is not investment advice. These are just personal research and opinions 🌟🚀
🚨 Sui Network shines with a remarkable 45% growth in unique addresses in May! 📈 This achievement underscores Sui's rapid adoption and expanding influence in the crypto world. Stay tuned for more updates on Sui's journey and impact in the blockchain space. 🌐💪
🚀 Breaking News! 🚀Elon Musk has just announced that Tesla will enable Dogecoin ($DOGE ) payments for its cars soon! This exciting news was revealed during the "We Are Giga" event in Texas, where Musk reiterated his strong support for Dogecoin, calling it the "people's crypto". This move is expected to further boost the adoption and utility of Dogecoin, making it possible for fans to purchase Tesla cars with their favorite meme coin. 🌕🚗
Musk's commitment to Dogecoin highlights his belief in supporting cryptocurrencies that resonate with the general public. This isn't the first time he's shown love for DOGE - Tesla already accepts Dogecoin for merchandise, and this next step into vehicle purchases marks a significant milestone.Stay tuned for more updates and let's take Dogecoin to the moon! 🌕💎🙌
🚀 #BabyDogeCoin is on the rise! 🌟 Up 3.90% in the last 24 hours with a trading volume of over $15M. Join the #BabyDoge community and support our mission to save animals! 🐶🌍
Ethereum co-founder Vitalik Buterin has shared the updated roadmap for Ethereum in 2024, focusing on six key components: the Merge, the Surge, the Scourge, the Verge, the Purge, and the Splurge. These priorities aim to maintain Ethereum's scalability, security, and efficiency. The roadmap includes continued emphasis on single-slot finality, rollups, zero-knowledge proofs, and privacy solutions.
Buterin also highlighted the vision to bring back the original cypherpunk ideals of decentralization and open participation, which align with Ethereum's foundational values.Stay tuned for more updates on Ethereum's development and how these changes might impact the crypto market!
🚀 Floki Inu Unveils Ambitious 2024 Roadmap Including Digital Banking Accounts
Floki Inu (FLOKI), the popular Shiba Inu-themed memecoin, has released its comprehensive roadmap for 2024. Key initiatives include the introduction of regulated digital banking accounts, enabling users to create and fund bank accounts with FLOKI tokens. These accounts will facilitate Swift payments and international bank transfers, enhancing the utility of the token. Additionally, Floki Inu plans to launch Floki debit cards, allowing users to link their digital bank accounts and use FLOKI tokens for transactions in traditional currencies like the euro and US dollar. The roadmap also includes integration with the Venus decentralized finance (DeFi) protocol and the impending release of the Valhalla mainnet, which will feature on-chain gaming, customizable NFTs, and a vast open-world environment. Stay tuned for more updates on these exciting developments!
🚨 PepeCoin (PEPE) Hits All-Time High Amid Market Surge
PepeCoin (PEPE) has reached a new all-time high, trading at $0.00001119, driven by a 34% rally over the past 24 hours. This surge follows the return of "Roaring Kitty" on social media, sparking renewed interest and trading activity in meme coins. The trading volume for PEPE jumped by 245%, pushing its market cap to $4.31 billion, surpassing Ethereum Classic. However, market analysts caution that PEPE may face a potential 40% price correction in the coming weeks due to bearish technical indicators and profit-taking by major investors. Stay tuned for more updates on this exciting development in the crypto space!
🚨 Shiba Inu (SHIB) Updates Technological Infrastructure, Aims for Stability Beyond Meme Status
Shiba Inu (SHIB) has rolled out significant technological upgrades aimed at enhancing its DeFi platform. These updates focus on increasing transaction speeds and reducing gas costs, which could stabilize SHIB's price and foster sustainable growth. Market experts are cautiously optimistic about these developments, predicting a potential price increase of 20-30% by June 2024 if market conditions remain favorable.
🚨 Elon Musk and Donald Trump Discuss Potential Collaboration for 2024 Campaign
Donald Trump has reportedly sought Elon Musk's support for his 2024 presidential campaign. The two met recently to explore potential collaboration, with Trump aiming to leverage Musk's influence and resources. This partnership could play a significant role in shaping the political landscape and the future of cryptocurrency regulation in the U.S.