Category: AI

Ethereum,Tron,andSolanaareonthefrontlineintermsofTVL,althoughotherblockchainshavealsoleftsomeimpact.TheDeFispaceisgrowingslowly,andspecificblockchainsarestartingtobecomemarketleaders.TheTVLdenotestheamountofcapitalinvestedinablockchain’sDeFisolutionsandthusreflectsmarketconfidenceandparticipation. Ethereum:TheDeFiPowerhouse Ethereumremainsdominant,withtheTVLat$48.045B,controlling54.98%oftheDefimarket.Praisedforitsstabilityandthenumberofprotocolssupported(currently1,205),Ethereumremainsthemostpopularchoicefordevelopersandusers.However,theTVLdippedslightlyby0.67%daily;nevertheless,Ethereumsurged2.40%weeklyandahumongous7.69%monthly. Tron:TheHigh-TrafficChallenger TroncomessecondwithaTVLof$6.888B.Tronisfamousforitshightransactionthroughputandlowfees,whichattractedactiveaddresses(1.97M)under34protocols.However,withmonthlyandweeklystatistics,Tronhasastronguserbase,buttheweeklybalancedeterioratedby3.31%overtheweek,andtheTVLfellby9.47%permonth.Thenetwork,however,markeda0.19%dailyincrease,meaningthatthesituationmightbegraduallystabilizing. Solana:TheFast-GrowingContender Withthirdplace,Solanaattracted$6.084BoftheTVL,participatesin172protocols,andhasmorethan4.225Mactiveaddressesduetothehighspeedandlowtransactioncosts,massiveadoptioninareassuchasNFTsandDeFionSolana.However,SolanasawadecreaseinitsTVLinthelast24hours,whichstoodat-0.64%andaweeklydeclineof-6.01%.However,Solanahadamonthlyincreaseof+20.11%,whichhintsatheightenedactivityinitsecosystem. BSC(BinanceSmartChain)andBase:TheRisingStars BSCcurrentlyranksfourthwithaTVLof$4.548Bin806protocols.Manypeopleuseit;currently,909,752addressesareactiveandconsideredthecheapercounterparttoEthereum.ThebasetakesfifthplacewiththeTVLof$2.5Band1.42Mactiveaddresses.ThisEthereumLayer-2solution,startedbyCoinbase,recordedaTVLincrease,showingpositivityinadoptionanduseasascalableinfrastructurewithintheEthereumblockchain. Arbitrum,Bitcoin,andPolygon ArbitrumcomesinsixthplacewiththeTVLof$2.369Bandtheparticipationof462,530addressesin721protocols.Beingoneofthemostwell-knownEthereumLayer-2scalingsolutions,itfellby0.27%withinadaybutincreasedby1.53%withinaweekandgained0.30%withinamonth.Meanwhile,BitcoinDeFicontinuesgrowingwithaTVLof$2.26Band819,093activeaddresses,andapplicationslikeStacksallowsmartcontracts. TheLayer-2Ethereumsolution,Polygon,hasaTVLof$1.187Bacross581protocolswith497,573activeaddresses. AvalancheandSui:TheEmergingBlockchain Recognizedforitsvelocityandgrowthcapability,AvalanchehasaTVLof$1.013Bandhas410protocolsand34,708activeaddresses. Closingthetop10,Suihasa$1.012BTVL.AlthoughSuihasbeenslightlyupby0.25%indailytradingandahealthy9.43%duringweeklytrading,ithashadaslighttumbleinmonthlytrading. ThecurrentrankingsofthetenbiggestblockchainsinTVLprovideagoodpictureoftheDeFimarket.AsDeFiprogressestothenextstageinevolution,theseblockchainswillplayanexceedinglysignificantroleinthefutureoffinancialservices,witheachleadinginitsspecificnicheandexpectedgrowthrate. blockchainreporter.net

CoinswithintheSolanaecosystemareseeingnotablegrowth,withnewcomerslikeLUCE,GRASS,andZEREBROdrawingattention. LUCEandZEREBROshowpotentialasrisingstars,whileGRASShassolidifieditspositionwithasubstantialuserbaseandstrongmarketpresence. OfficialMascotoftheHolyYear(LUCE) Launchedonlyfourdaysago,LUCEhasquicklybecomeastrongcontenderamongthememecoinsintheSolanaecosystem.InitiallyintroducedonPumpfun,itsoongraduatedtoRaydium,whereithasbeenattractingover30,000transactionsdaily. LUCE’smarketcaphasalreadysurgedpast$40million,andwithcontinuedattention,itcouldsoonhitthe$50millionmarkasanaturalnextstep.Itcurrentlyhasmorethan22,000holders. LUCEPriceChartandMarketData.Source:Dexscreener Additionally,itsRelativeStrengthIndicator(RSI)currentlysitsat33,signalingthatthecoinisnearingoversoldterritory.ThislowRSIsuggeststhatLUCEmaybepositionedforarebound,asanoversoldleveloftenprecedesapricerecoveryinactivelytradedassets. Grass(GRASS) GRASSrecentlycompletedahighlyanticipatedtokenairdropandquicklysurpasseda$290millionmarketcap.Theplatformaimstorewardusersfortheir“unusedinternet”byapplyingartificialintelligence,drawingsignificantattentionandafast-growinguserbase. Withover253,000holders,GRASShasalreadyestablishedasubstantialpresence.OnOctober31,itspricebrokethe$1mark,signalingstrongdemand. GRASSPriceChartandMarketData.Source:Dexscreener Currently,GRASS’sRSIis62.28,which,whilehigh,remainsbelowtheoverboughtthreshold.ThisRSIlevelsuggeststhatGRASSmaystillhaveroomforfurthergrowthbeforeapotentialcorrection. Despiteanearly12%riseinthelast24hours,thetoken’smomentumcouldcontinueupwardbeforereachinganoverboughtcondition,appealingtotraderslookingtocapitalizeonitsgrowthpotential. zerebro(ZEREBRO) ZEREBRO,anewmemecoinonSolana,launchedjustfourdaysagoandhasalreadyreachedamarketcapof$16.5million.Withover3,000holders,thetokenhasexperiencedrapidgrowth,surgingbyabout100%inthelast24hours. Itspopularityisevident,drawingover24,000transactionsdailyasinterestinthecoinbuilds. ZEREBROPriceChartandMarketData.Source:Dexscreener ZEREBRO’sRSIiscurrentlyat59.64,whichisbelowthe70thresholdthatwouldindicateanoverboughtcondition.ThisRSIlevelsuggeststhatZEREBROmayhavemoreroomtogrowbeforefacingapotentialcorrection. Giventhismomentum,ZEREBROcouldcontinueitsupwardtrajectoryandtestresistancelevelsaround$0.018orhigher. beincrypto.com

ThecryptocurrencymarketisexperiencingheightenedvolatilityandinvestorinterestaheadoftheU.S.presidentialelectionapproaches.Historically,politicaleventsofthismagnitudehavesignificantlyimpactedthedigitalmarket,andcertainaltcoinswitnessedasignificantboost.Herearethreealtcoinsthatcouldclimbtheweeklygainerschartinthecomingweek.

MicroStrategy,thelargestpubliclytradedBitcoinholder,recentlymoved1,652BTC—valuedataround$114.38million—toanewwallet.ThismovecomesafteritsQ32024earnings,raisingspeculationwithinthecryptocommunity.Thewallet,whichshowsonlythissingletransaction,signalsapossibleintenttosecurelyholdratherthansell.

RobinhoodCryptonowsupportsDogecoin(DOGE)tokentransfers.UserscannowwithdrawanddeposittheirDOGEandearna1%depositbonusontheofficialapplicationuntil30November.

ThedeputygovernoroftheChinaCentralBank–People’sBankofChina,LuLei,recentlyhighlightedinhisbooktwoinfluentialfiguresinmonetaryeconomicsdeservingprofoundrespect:thelateRobertMundellandtheenigmaticSatoshiNakamoto.

Solana-baseddecentralizedphysicalinfrastructurenetwork(DePIN)ProjectGrasshasbeengainingmassivetractionrecentlywiththeGRASStokenairdrophappeningearlierthisweekonOctober28.thegovernancetokenGRASShasgainedmassivetractionwithastaggering125%happeningjustoverthepastthreedays.

Inarivetingturnofevents,acryptotradernabbedsubstantialinvestorattentionacrossthebroadermarketonSaturday,amassingastaggering$7millionprofittradingGoatseusMaximus(GOAT),theSolanamemecoin.On-chaindatarevealsthatthetraderturnedamere$58Kinto$7.5millionamidaroughly400%pumprecordedintheSolanamemetokenoverthepastmonth.Inthewakeofthetrader’sremarkableprofit,marketwatchersspeculateiftheaddressisasmarttraderoraninsider.

Inthelast30days,developeractivityacrossvariousecosystemshasbeentracked,highlightingthemostactiveprojects.Ecosystemdeveloperactivityreferstothetotalsumofdevelopercontributionswithineachecosystem.AccordingtoSantiment,ChainlinkonEthereumleadsthepackwitharemarkable22.2Kcontributions. StarknetFollowsChainLinkwith8.8KDeveloperActivities AfterChainlink,Starknetisthesecondprojectintermsofdeveloperactivitywith8.8K.EvenEthereum,oneofthekeyplayersintheblockchainindustry,demonstrateshighactivitywith9.8Kcontributions.Atthesametime,Status,amessagingappandacryptowallet,has8.1Kactivities,whichproveshighdevelopmentactivity. Additionally,7,6KdeveloperactivitiesdealswithastablecoinknownassUSDandSynthetix–adecentralizedmarketplacefortrading.Thisimpliescontinuousengagementanddevelopmentsinstablecoinandsyntheticassetsandtradingplatform.EigenLayer,whichisfamousforitssolutions,hasmade5.2Kcontributions,indicatingthecompany’sincreasingrelevance. NextisMaskNetworkthatconnectssocialmediaandDeFiwith4.5Kactivities.Cross-chaincommunicationplatformZetaChainhas3.6Kdevelopers’activities,andHolo,whichfocusesondistributedapplications,has3K.Regardingcross-chainsolutions,theAcrossProtocolthatenablescross-chaintransactionsamountsto3.4kdeveloperactivities,whichprovesthedevelopmentoftheinteroperabilitylayerintheblockchainsphere. SantimentRevealsHealthyDeveloperActivityinEcosystem Decentraland,avirtualrealityplatform,has4.7Kcontributionspointingtothefactthatthemetaverseisstillbeingbuilt.Nym,whichaimsatmaintainingprivacy,has3.2Kactivities.Foradecentralizedmusicstreamingplatform,Audiusreceivesahealthynumberofcontributionsat3.7K;theprojectfocusesonimprovingtheuserexperience. Furthermore,thereare3.2KactivitiesinWrappedNCG(NineChroniclesGold),and2.2KactivitiesinHOPR.Lastly,InjectiveandAxelarbothhave3.4KandArbitrumhas3.1Kactivity.LidoDAOTokencompletesthelistwith4.3KcontributionstosupportitsrelevanceintheDeFispace. Lastly,theabovestatistics,reportedbySantiment,demonstratethatthereisahealthyactivedevelopercommunitypresentwithgoodactivitiesinmultipleprojects. blockchainreporter.net

OpenEden,aplatformfocusedontokenizingreal-worldassets(RWA),recentlyexperiencedasignificantdropinitstotalvaluelocked(TVL)followingallegationsagainstitsco-founder,EugeneNg. Asagrowingnameintokenization,OpenEdenhasattractedindustryheavyweightslikeRippleandBinance.Theplatformaimstodeliveracost-effectiveandaccessiblewayforinvestorstotapintotokenizedtreasuries,offeringblockchain-basedaccesstotraditionalfinancialassets. WhyOpenEden’sTVLDeclinedbyAround$30Million AccordingtoDeFillamadata,OpenEden’sTVLdroppedsharplyfromaround$153millionto$123milliononNovember1.However,themetrichasreboundedslightlyto$134.5millionatthetimeofwriting. Totalvaluelocked,orTVL,measurestheamountofcryptocurrencyheldinaplatform’ssmartcontracts.WhenTVLdeclines,itsuggeststhatusersmaybewithdrawingfunds,oftenduetoreducedconfidenceintheplatformorasearchforbetterinvestmentoptions. OpenEden’sTVL.Source:DeFillama However,marketobservershavelinkedthisdeclineinOpenEden’sTVLtorecentallegationsagainstNg.OnOctober29,awomannamedHanasharedphotosandmessagesonsocialmediaplatformX,allegingthatanexecutivefromDWFLabshaddruggedher.Thoughshedidnotnametheindividual,subsequentreportsidentifiedNg,anotablefigureintheAsiancryptosectorandaformerheadofbusinessdevelopmentatGemini,astheaccused. “IwentbrieflytothebathroomthatnightduringourmeetingandwhenIcamebackItookafewsipsofthedrinkbeforetheaggressorsteppedoutsidetomakeacall.Thewaitressthenrushedovertoalertmethatmydrinkhasbeenspiked,”Hanaalleged. Inresponse,bothOpenEdenandDWFLabstookswiftactionagainsttheallegedsuspect.OpenEdeninitiallysuspendedNgandsoonafterconfirmedhistermination,emphasizingitscommitmenttotakingtheallegationsseriouslyandcondemningNg’sallegedactions. OnNovember1,AndreiGrachev,headofcryptomarketmakerDWFLabs,announcedthatthefirmwouldwithdrawitsfundsfromOpenEdenandpursuelegalactionagainstNg.GrachevexpressedshockatNg’sallegedactionsandcalledforsevereconsequencesagainsthim. “I’veseentheCCTVvideo,Iwasshockedathowhecoulddosuchshit.It’stheworstthatamancoulddo,anditshouldentailseverepunishment,nomercy.WewithdrawourfundsandconsiderfurtherlegalactionsagainstEugene,”Grachevstated. Meanwhile,theincidenthassparkedwiderdiscussionswithinthecryptosectoraroundthesafetyandtreatmentofwomen,anissuethatremainspertinentinapredominantlymaleindustry.Followingtheseallegations,Ng’ssocialmediaprofilesonplatformslikeXandLinkedInhavebeendeactivated. beincrypto.com