Author: chainwire

London, United Kingdom, February 8th, 2024, Chainwire

Memeinator has surged forward, banking an impressive $4M in the public presale so far. 

The MMTR token is now priced at $0.0208, and with Stage 14 of the presale rapidly selling out, the price will soon rise to $0.022 in Stage 15.

Memeinator is a meme coin with a purpose, casting rivals to the side on the journey to a $1 billion market cap. Enticing staking rewards, a big marketing push, and an AI-based game set MMTR apart from inferior meme projects.

This surge in interest comes on the back of a new partnership between Memeinator and Red Apple Tech, the award-winning game studio who will oversee the development of the Meme Warfare game.

Meanwhile, Memeinator’s marketing efforts have gone up a gear, with a viral billboard campaign pushing #Memeinator to trend worldwide. The billboard was strategically placed near the SpaceX offices to attract the attention of Elon Musk, a move very well received by the Memeinator community. 

Memeinator’s Head of Product, Marco Tonetti, said of recent developments: “Memeinator is generating amazing levels of interest thanks to the efforts of our development and marketing teams. We’re excited to partner with a household name like Red Apple, and we expect viral buzz to continue as the MMTR presale nears its end.”

Memeinator (MMTR) is available to buy on the official site. 

Memeinator: The meme coin gunning for domination

Memeinator is a meme coin on a mission to destroy scams, rug-pulls, and worthless tokens forever.

Its ERC-20 smart contract is fully audited, and the veteran team has built a powerful brand set to take over the meme coin world. The marketing plan takes a methodical approach to virality, setting the stage for a bull run harnessing climb to the top in 2024.

The MMTR token gives back to token holders with a range of incentives for those with both short and long positions. Stakers can generate up to 45% APY on their tokens, and HODLers will appreciate that development and marketing will continue to ramp up over time, whilst quarterly token burns are in the roadmap to help stabilise the MMTR price and add value to existing tokens.

The AI-infused Meme Warfare game will add another layer of engagement for the Memeinator community, so expect future media coverage to build on stories already featured in CoinJournal, Bitcoinist.com, Cointelegraph, and Invezz.com.

The MMTR presale wraps up in a few weeks, with the next stages of the roadmap including influencer partnerships, exchange listings, exclusive NFTs, and the Meme Warfare game.

The stories driving Memeinator’s growth 

Memeinator’s growth is being driven by two key factors: the aforementioned brazen billboard campaign, and a new announcement regarding its “Meme Warfare” shoot-em-up game.

The development of Meme Warfare positions MMTR adjacent to the burgeoning GameFi sector, touted to reach a market cap of $90 billion by 2031, according to Business Research Insights. Investors will hope that Memeinator shares in GameFi’s forward momentum as the association grows.

This positive news mirrors general market sentiment. Bitcoin has painted a “golden cross” on its weekly chart after ETFs were approved in January, and experts speculate an Ethereum ETF will be approved in May. This paves the way for an altcoin season this summer that MMTR is well-positioned to capitalize on.

With the market now ripe for a meme coin bull run, MMTR holders will be hoping for a repeat of 2023, where coins such as PEPE and BONK registered gains of over 15,000% and 4000% respectively despite bearish conditions.

Memeinator is in Stage 14 of its presale, with the price now at $0.0208. Only 7% of tokens remain before Stage 15, where the price increases once again. 

About Memeinator

Memeinator is the antidote to the hundreds of throwaway meme coins that lack any legitimate utility. With its deflationary token, engaged community, expertly crafted NFT collection, and AI-powered video game, it offers real innovation instead of just hype. Its purpose is to eclipse its rival meme coins. And, on the way, deliver strong returns to its community via both trading its MMTR coin and staking, before smashing the $1 billion market cap.

For more information and to buy Memeinator (MMTR) visit the website.

Website | Whitepaper | Socials

Contact

CEO
Memeinator
Memeinator
pr@memeinator.com

Grand Cayman, Cayman Islands, February 7th, 2024, Chainwire

Ondo’s Sui upcoming integration will bring native access to new tokenized assets such as treasuries, securities, and stablecoins on chain

Sui, the Layer 1 blockchain which has experienced explosive growth since its inception eight months ago, today announced that Ondo Finance is expanding into the Sui ecosystem. The expansion will bring Sui Network’s first native dollar-denominated token (including stablecoins and interest-bearing stablecoin substitutes) in the form of Ondo USD Yield or “USDY” — a US treasury-backed and interest-bearing token issued by Ondo. 

Ondo’s expansion to Sui adds to Sui’s blistering DeFi momentum, demonstrating the growth and demand for financial applications and native functionality on chain. Sui’s DeFi volume is up more than 1200% since October and Sui recently broke into the top 10 DeFi ecosystems as measured by TVL. 

Ondo Finance is the third-largest platform bringing tokenized derivatives of real-world assets onto public blockchains with $185M in TVL and over $1B worth of its newly-launched governance token trading in its first week in late January. In addition to stablecoins, Ondo’s flagship Treasury-backed tokens, tokenized securities, and real-world assets will create countless new opportunities for teams building on Sui. 

Ondo’s expansion into the Sui ecosystem also continues a trend of top projects affirmatively choosing to integrate into Sui. For example, in December 2023, leading Solana lending protocol Solend announced it would launch a lending protocol native to Sui and decentralized derivatives exchange Bluefin likewise shuttered its V1 Arbitrum implementation to focus entirely on Sui. 

“The people who interact with our platform want fast and efficient transactions, which should be essential for any blockchain project,” said Ondo’s founder and chief executive officer, Nathan Allman. “Sui’s growth and network performance offer clear confirmation that its network is the perfect fit for Ondo’s ecosystem.”

Tokenized treasury offerings represent tradable tokens backed by real-world assets, and their presence on Sui is a significant step toward growing DeFi in the ecosystem and across the industry.

“Ondo is an amazing addition to the Sui ecosystem, providing a native yield-bearing stablecoin-like asset that will unlock new opportunities for Sui’s builders and developers and essential new functionality for the users of their applications,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s DeFi volume is already growing at a remarkable rate and Ondo’s participation will make that trajectory even stronger. I am excited to see how Sui’s community leverages the real-world assets and innovative financial products Ondo offers.”

Contact

Sui Foundation
media@sui.io

Zug, Switzerland, February 7th, 2024, Chainwire

The Swiss-based platform Skyline Digital empowers underbanked Web3 Businesses, Founders, and DAOs to access third-party fiat payments, OTC trades, tokenized real-world assets, vIBANs, and on/off-ramping.

Web3 Businesses, DAOs, and High Net Worth Individuals find themselves underserved by traditional banks, while custodial and centralized crypto exchanges pose risks and unreliability. Skyline Digital has made it a mission to solve these issues at the core of Web3 business with its non-custodial platform, providing access to TradFi services directly from any wallet. 

Switzerland is the crypto-friendly home base of Skyline Digital, from where it operates as a regulated financial intermediary and VASP. From there, Skyline Digital facilitates a variety of financial activities, including third-party payments, OTC trades, vIBANs, on and off-ramping, and tokenized real-world assets such as US treasury bills.

Skyline Digital’s suite of services addresses the needs of Web3 organizations, including business expenses, contractor payments, or service provider transactions. So far, customers have utilized the platform for different types of transactions, including real estate investments, paying legal fees, purchasing a Tesla, and hiring contractors on a global scale.

The platform’s integration with Web3 liquidity providers and traditional finance institutions allows it to act as a payment facilitator, handling the exchange and payment from and to any major stablecoin and fiat currency (EUR, USD, CHF, GBP, SGD). Onboarded customers can directly process transactions from their Metamask, Safe, Ledger, or other wallets, bypassing the intricacies associated with traditional banking intermediaries. Last month, the platform extended the integration to Polygon Mainnet, and now users can choose between that network and Ethereum.

“For Web3 professionals, the boundary between TradFi and DeFi remained practically impenetrable. Bridging on-chain assets to the real world posed significant challenges, especially for Unincorporated DAOs, due to their lack of a legal entity. We can process single and batch transactions directly from our client’s Web3 wallets. The alternative is a cumbersome and costly combination of centralized exchange and bank transactions, which all require custody of your assets and bear substantial fees.” says Sebastião Queiroz e Mello, co-founder and CEO of Skyline Digital.

A distinct feature of Skyline Digital is its accessibility to the traditional investor market. Traditional investors can subscribe to Web3 fundraises through bank transfers without needing a wallet or technical sophistication. 

Additionally, for Web3 businesses, Skyline Digital simplifies accounting reconciliation by providing detailed descriptions and tracking of on-chain and fiat payments.

Skyline Digital also offers customers crypto-to-crypto batch payments free of charge, contrasting its competitors, which charge up to 9000 USD annually, coupled with a 0.2% to 0.5% charge applied to each batch payment. Skyline Digital charges 1% and 10 USD per fiat payment without onboarding or monthly fees.

The platform went live in early 2023 and provides its rails also via API, while working with partners to make it accessible through main Web3 infrastructure tools and platforms. This year, Skyline Digital will roll out new TradFi and DeFi features, such as invoicing functionality, cards, and loans. To date, Skyline services some of the industry’s most well-known DAOs and businesses.

About Skyline Digital 

Skyline Digital is a non-custodial solution opening the doors of TradFi for Web3 Businesses, Founders and DAOs.

Official Website | Linkedin | Twitter | Telegram

Contact

Cíntia Costa
Skyline Digital AG
cintia.costa@skylinedigital.xyz

Gibraltar, Gibraltar, February 6th, 2024, Chainwire

FuturePlay crypto casino has rapidly ascended in the gaming scene since December, forming key partnerships with leading providers like Relax, Spribe, Quickspin, and many others. With over 4,000 titles, FuturePlay offers new users a chance to earn up to 4 BTC + 400 free spins in bonuses.

About FuturePlay

A revolutionary blend of sports, iGaming, and entertainment, FuturePlay casino pioneers a transformative community where crypto bets meet thrilling sports categories and exciting game titles. Accepting Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Tether, Ripple, and many others. This ensures provably fair games, transparency, and swift payouts.

FuturePlay: Nomination Best Crypto 2024

FuturePlay.com is thrilled to announce its nomination for the prestigious 𝗕𝗘𝗦𝗧 𝗖𝗥𝗬𝗣𝗧𝗢 𝗖𝗔𝗦𝗜𝗡𝗢 𝟮𝟬𝟮𝟰 Award at the upcoming Sigma Eurasia event. As one of the top contenders among the nominees, FuturePlay.com stands out for its innovative approach to crypto gaming. The recognition reflects the platform’s commitment to providing an exceptional and secure gaming experience. Being nominated alongside other leading names in the industry is an honor, and FuturePlay.com eagerly anticipates the event, where winners will be unveiled. This nomination underscores FuturePlay.com’s dedication to excellence and innovation in the ever-evolving world of crypto gaming.

FuturePlay Crypto Casino New Gaming Providers

FuturePlay’s fusion of blockchain and diverse gaming experiences, featuring providers like Relax, Spribe, Quickspin, and more, signals a gaming revolution. Notably, Spribe’s innovative gaming experiences and Relax Gaming’s versatility strengthen FuturePlay’s position.

Players in territories such as the Americas and Oceania will see the biggest improvement in casino games offered. 

Spribe ‘Aviator’

Established in 2019, Spribe Gaming has swiftly risen as a prominent provider of online casino games and iGaming products. Recognized for their commitment to innovation, Spribe delivers distinctive gaming experiences that distinguish them in the industry. With a focus on quality, Spribe’s games exemplify excellence, capturing players with their high standards. The strategic and innovative moves by Spribe position them as a provider worth monitoring. The partnership between FuturePlay Casino and Spribe Gaming is a natural synergy, uniting two entities dedicated to pushing the boundaries of online gaming, offering players an unparalleled and forward-thinking gaming experience.

Top Spribe Titles at FuturePlay

• Aviator 
• Plinko

Relax Gaming

Founded in 2010 in Malta, Relax Gaming Group embarked on revolutionizing B2B content delivery in the iGaming landscape. A major European supplier, the company’s diverse portfolio spans various verticals, aligning seamlessly with the FuturePlay partnership. Thriving on innovative and engaging games, the collaboration between Relax Gaming and FuturePlay Casino promises to shape the future of online gaming.

Top Relax Gaming Titles at FuturePlay

• Iron Bank 
• Hellcatraz
• Titan Strike

BetSoft

A gaming powerhouse since 2005, BetSoft crafts state-of-the-art experiences captivating players with cinematic graphics. As a top slot provider, BetSoft’s commitment to creating immersive gaming experiences solidifies it as an industry leader. The FuturePlay and BetSoft partnership, marked by dedication to innovation and excellence, promises to shape the future of gaming, providing cutting-edge entertainment and pushing the boundaries of what’s possible in the online gaming realm.

Top BetSoft Titles at FuturePlay

• Single hand Blackjack 
• 2 Million B.C.
• After Night Falls

Feature Releases

FuturePlay introduces flexibility by allowing users to play in their native crypto token or exchange to USD, broadening game provider options. With an impressive start, FuturePlay eyes continuous growth and innovation. 

Deposits at FuturePlay

For users looking to transact with Mercuryo on FuturePlay, the process is straightforward and involves the following steps:

1. Registration: Users begin by registering an account at www.futureplay.com.
2. Deposit Initiation: Post-registration, users click the ‘Deposit’ option, situated in the upper right-hand corner of the FuturePlay interface.
3. Mercuryo Selection: Within the deposit area, users select the ‘Mercuryo’ option on the left side.
4. Amount Submission: Finally, users click ‘Submit’ and enter the specific amount of cryptocurrency they want to purchase.

Conclusion: A New Era Unveiled at FuturePlay

FuturePlay stands at the forefront of the crypto iGaming revolution, boasting 4,000+ top-tier games and upcoming sportsbook launch. A dynamic gaming landscape awaits, promising an unparalleled and exhilarating crypto gambling experience.

About FuturePlay

Established in 2023, FuturePlay, at the forefront of merging sports, gaming, and digital innovation. With a distinctive approach to iGaming, the company is dedicated to crafting a dynamic platform for the next generation of gamers and sports enthusiasts. www.futureplay.com

Social Media:

Twitter | Facebook Instagram | Telegram | Website (https://futureplay.rocks/jb0fecf8c)

Contact

FuturePlay Team
FuturePlay
affiliate@futureplay.com

Hong Kong, Hong Kong, February 6th, 2024, Chainwire

After a period of tranquility, the Ethereum ecosystem is gradually regaining momentum with the rise of the Restaking. As seasoned DeFi participants, DeSyn has consistently focused on developing the Ethereum network. Previously, DeSyn initiated the launch of the 3x ETH Leveraged ETF based on sharp market insights, aiming to promote diversity in Ethereum network products and assist users in maximizing their returns within the Ethereum ecosystem.

Today, DeSyn announces the launching of the DeSyn ETH Restaking Fund I( 3x Points), dedicated to participating in this industry revolution alongside ecosystems such as Eigenlayer and Renzo, collectively shaping the future of DeFi.

The DeSyn ETH Restaking Fund I( 3x Points), drETH in short, is an open-end fund product introduced by Little Frog, a professional decentralized asset management DAO organization based on the infrastructure of the DeSyn platform. This product integrates DeSyn and other two highly acclaimed restaking platforms, Eigenlayer and Renzo. Users can stake ETH, stETH, wETH, and ezETH through the DeSyn platform. The fund supports on-demand withdrawals and offers the existing APY from LST and LRT and the triple yield expectations from Eigenlayer, Renzo, and DeSyn. Currently, this fund’s APY ranges from 3.6% to 60%. In terms of security, DeSyn solemnly declares that all contract codes have undergone security audits to ensure the safety of user assets.

https://little-frog.gitbook.io/little-frog/products/open-end-desyn-eth-restaking-fund-i-3x-points

How to restake?

Users can navigate to Desyn’s website and select the “restaking” option to access the DeSyn ETH Restaking Fund I (3x Points) issue. Upon selection, users have the opportunity to acquire drETH, associated with the potential of triple returns.

https://www.desyn.io/#/pool/0x8F92265FE1F875d1985cD9D4275dd4Cfec9eb1E7

Enhanced Incentives through Triple-Point Staking with DeSyn

As mentioned earlier, opting for the fund not only grants potentially basic LST and LRT returns but also yields triple points from Eigenlayer, Renzo, and DeSyn.

DeSyn is committed to maximizing incentives for staking users. Starting from February 6, 2024, any user participating in this Fund can earn corresponding points, dependent on the staking amount and duration.

• DeSyn Points Formula: DeSyn points = (Amount of LST) * Number of staked days * 10,000
• Eigenlayer Points Guide can be found here.
• Renzo Points Guide can be found here.

EigenLayer: Elevating Ethereum Security through Restaking

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in crypto-economic security. This primitive enables the reuse of ETH on the consensus layer. Users that stake ETH natively or with a liquid staking token (LST) can opt-in to EigenLayer smart contracts to restake their ETH or LST and extend crypto-economic security to additional applications on the network to earn additional rewards.

Users can learn more by visiting EigenLayer’s official website.

Renzo: Pioneering Restaking on the EigenLayer Mainnet

Renzo is the first native restaking protocol to launch on the EigenLayer mainnet. Although EigenLayer will not begin securing Actively Validated Services (AVSs) I.e. EigenDA until mid-2024, they have been accepting deposits. Deposits for Liquid Staking Tokens (LSTs) are capped; however, native ETH deposits remain uncapped but very difficult for most users to access. They require a user to have 32 ETH and run an Ethereum node that is integrated with EigenLayer to run EigenPods.

Users can learn more by visiting Renzo’s official website.

About DeSyn

DeSyn Protocol is an innovative decentralized asset management infrastructure on Web 3, empowering users to securely and transparently create and manage customized pool-based portfolios with various on-chain assets (tokens, NFTs, derivatives, etc.) via smart contract.

For more information users can visit DeSyn’s: Official Website | Twitter | Telegram | Discord | YouTube

Contact

DeSyn Team
DeSyn Protocol
marketing@desyn.io

Singapore, Singapore, February 6th, 2024, Chainwire

Lista DAO, a key player in Decentralized Finance (DeFi) with a specialization in Collateralized Debt Position (CDP) and Liquid Staking, is set to captivate the cryptocurrency community through the unveiling of its Cosmic Adventure Challenge (CAC) and the introduction of lisBNB.

The CAC promises an immersive and rewarding experience, providing participants with the opportunity to earn stardust and secure a share of the highly anticipated LISTA airdrop. Simultaneously, lisBNB, a tokenized version of staked BNB, is positioned to revolutionize DeFi strategies within the Lista DAO ecosystem.

Cosmic Adventure Challenge (CAC) Overview

The CAC, Lista’s flagship point system campaign, commences on February 5th, 2024, participating in the recent trend of gamified DeFi engagement. Challengers, participants in this campaign, can embark on quests across the BNB Smart Chain, completing tasks such as providing Total Value Locked (TVL) on Lista, borrowing lisUSD on Lista, and participating in liquidity provision and trading volume generation. Season 1 runs from February 5th, 00:00 UTC+0, to February 29th, 23:59 UTC+0, with Lista confirming a 2% airdrop allocation of the LISTA token for CAC participants.

Engaging in both Season 1 and Season 2 offers participants loyalty rewards in the form of bonus stardust. Stardust, earned through completing quests, contributes to rankings and percentiles, determining the LISTA airdrop allocation for each challenger.

Dashboards on Lista’s Dapp provide daily stardust tracking, ensuring transparency and competitiveness. Loyalty incentives encourage early participation, enabling users to carry over stardust from Season 1 to Season 2. The much-anticipated Lista airdrop allocation, following a USD 10 Million Binance Labs investment in August 2023, is poised for high success.

Strategic Decisions

Concurrently with the CAC launch, Lista DAO announces the postponement of its Ethereum Mainnet launch. This strategic decision prioritizes the successful CAC campaign rollout and meticulous rebranding slated for February 5th. The pause in transitioning to Liquity’s codebase underscores Lista DAO’s commitment to building a robust foundation for the eventual expansion to the Ethereum Mainnet.

More details of this announcement can be found here.

Introduction of lisBNB

Lista DAO introduces lisBNB, a stablecoin loosely pegged to BNB, offering stability within the ecosystem. While not yield-bearing, lisBNB enhances the capital efficiency of ListaDAO’s DeFi strategies. The launch date for lisBNB will be communicated through social media channels.

Quotes

Lista DAO’s marketing team emphasized, “The Cosmic Adventure Challenge marks a pivotal moment for Lista DAO, aligning with our commitment to innovation and user-centric DeFi solutions. We invite the crypto community to join us on this exciting journey.”

Users can follow Lista DAO on Twitter and Telegram for real-time updates and announcements.

About Lista DAO

Lista DAO is a leading CDP stablecoin and LSDfi provider, dedicated to simplifying and revolutionizing the DeFi space. With a focus on accessibility, innovation, and user-centric solutions, Lista DAO aims to make DeFi easier for everyone.

For more information, visit the Lista DAO Website.

Note: Lista DAO reserves the right to modify terms and conditions of the CAC without prior notice.

Contact

Marketing Lead
Adelia Su
Lista
adelia@lista.org

Hanoi, Vietnam, February 5th, 2024, Chainwire

Heroes of Mavia, the highly anticipated AAA mobile strategy game, has quickly stood out as a unifying force for Web3 and Web2 gamers alike, surpassing over 1 million downloads on Android and iOS. This impressive milestone underlines the game’s widespread appeal, combining engaging strategic gameplay with the innovative elements of Web3 technology.

The game’s global appeal is evident in its remarkable achievements across various markets. It has secured the #1 spot in the free games category on Android in China, a significant accomplishment given the country’s vast gaming community. Similarly, it stands at the top on Google Play in Nigeria and shines as the leading game on iOS in Poland, demonstrating its widespread acceptance and popularity.

Heroes of Mavia boasts top rankings in several other key gaming markets, reflecting its global strength and appeal. It ranks #7 in Finland on iOS, #25 in the USA on Android, #5 in Singapore on Android, #9 in the Netherlands on Android, #10 in Vietnam on iOS, #6 in Pakistan on Android, and #3 in Canada on iOS. These top rankings mark Heroes of Mavia as a contender to become one of the top Web3 games.

Following the successful launch, Heroes of Mavia reached an impressive 234,000 daily active users, underscoring its engaging content and the robust community it has built. This momentum sets the stage for the upcoming Token Generation Event (TGE) for the MAVIA token on February 6th, 2024. The token will be listed on leading exchanges such as Bybit, KuCoin, HTX, Gate.io, and MEXC, integrating the game further with Web3 technology and opening new avenues for player engagement and involvement.

Heroes of Mavia stands as a testament to the potential of combining traditional gaming mechanics with the innovative possibilities of Web3. With its global appeal, engaging gameplay, and a sustainable growth model, the game is a pioneer in the gaming industry. As the MAVIA token launch approaches, the company invites gamers and technology enthusiasts from all corners of the globe to join in on this exciting journey.

About Heroes of Mavia

Heroes of Mavia is a AAA mobile Web3 strategy game available on iOS and Android app stores globally. The game is backed by prominent investors such as Binance Labs, Genblock Capital, Delphi Digital, Mechanism Capital, Bitkraft, Animoca Brands among others. The native Heroes of Mavia tokens $MAVIA is set to launch on February 6th 2024.

Contact

Nania Tran
Nania@mavia.com

Panama City, Panama, February 5th, 2024, Chainwire

The Taraxa Protocol Foundation has launched a $10 million Grant Program to drive growth in Taraxa’s unique EVM-compatible blockDAG Layer-1 ecosystem, after an overwhelmingly successful on-chain governance approval. 

The Taraxa Grant Program is open to any individual, team, and organizations of any type. Funds will be granted specifically for technical development with an emphasis on driving usage and growth within the Taraxa ecosystem, and are disbursed according to quantifiable milestones. 

Building on Taraxa presents a unique opportunity for developers to experience the benefits of the world’s first and only native EVM-compatible decentralized network built with the blockDAG architecture. Here are just a few of the reasons why builders should consider building the next big idea on Taraxa, 

• An unique opportunity to Build on blockDAG: blockDAG is the next evolutionary step up from block-chain, able to achieve stunning throughput and low latency without sacrificing security and decentralization by enabling parallel block processing on the network instead of just one block at a time. 
• True EVM Compatibility: any dApp that works on Ethereum just works on Taraxa, no need to learn new languages, frameworks, or tooling.
• Fast & Low-Cost: with peak throughput of 5k TPS, sub-second block times, instant block inclusion, and under 4-second finalization, working on Taraxa is fast & smooth, with each transaction costing next to nothing.  
• True Finality: zero risk of transactions being reversed, Taraxa’s True Finality guarantees that when a transaction is finalized (under 4 seconds), it is finalized forever. 
• Front-Running Prevention: Taraxa’s architecture and speed minimize and fragment the network’s mem pool, making it almost impossible and definitively unprofitable for DeFi transactions to be targeted for front-running. 
• Supportive Community: Taraxa’s community is highly engaged and the development team is helpful to a fault. Not only will the user be building on a network backed by the best technology in the world, but he will also receive the full support, attention, and participation from Taraxa’s community!

The upcoming Ficus Root Bridge in mid-2024 further strengthens the Taraxa ecosystem’s utility, asset diversity, and cross-chain liquidity. DeFi builders don’t have to worry about fragmented assets or liquidity, since they flow seamlessly between Ethereum and Taraxa. The bridge, coupled with Taraxa’s fast, low-cost and natively EVM-compatibility, make Taraxa a natural Layer-2 solution for dApps or consensus layer for rollups. 

Developers can apply to the Taraxa Grant Program today and pitch their ideas on how to creatively leverage decentralization to solve problems!

About Taraxa

Founded by two Stanford engineers in 2018, Taraxa is an EVM-compatible smart contract platform based on t-Graph consensus utilizing blockDAG, with many world-first technical innovations on top of the blockDAG architecture. After launching its mainnet in 2023, Taraxa represents the next evolutionary step in decentralized networks. 

Contact

Taraxa Protocol Foundation
foundation@taraxa.io

Grand Cayman, Cayman Islands, February 5th, 2024, Chainwire

After Sui’s TVL surged more than 1500% over the last five months of 2023, its TVL has more than doubled since the start of 2024

Sui, one of the fastest-growing Layer 1 blockchains, continued its impressive DeFi growth, surpassing $500M in Total Value Locked (TVL) and solidifying itself in the top 10 of DeFi ecosystems. 

Alongside this torrid ascent of TVL, on-chain activity has exploded as well. Weekly DeFi volume is up 63 percent over the previous period, standing at $745M and placing it in the top 5 most active ecosystems in the past week. Sui’s continued climb demonstrates how its underlying technology is vital in empowering developers to create products that solve real-world challenges and the drive behind top projects expanding into its ecosystem. 

Over the past couple of weeks, Sui has announced several partnerships and expansions with industry-leading builders. Most recently, Sui announced that Ondo Finance—the third-largest organization in the real-world asset DeFi sector—is bringing its treasury-backed tokens, tokenized securities, and real-world assets into its ecosystem, as the Sui ecosystem is set to get its first native stablecoin. 

Sui also recently announced that Banxa, a leading payments infrastructure provider for the crypto-compatible economy, will add the SUI token to its platform. Also recently announced, a partnership with Oracle Stork provides builders with faster pricing data, offering real-time pricing data across Sui’s ecosystem of developers, DEXs, and lending protocols building on Sui’s blockchain.

“The fact that Sui now stands amongst the top ecosystems in crypto is a testament to Sui’s technology being able to attract top-tier developers and leading projects,” said Greg Siourounis, Managing Director of the Sui Foundation. “The recent partnership and expansion announcements, along with the surging metrics, point to Sui having true staying power. Sui is paving the way for widespread adoption and offers endless possibilities for innovation.” 

Sui’s object-centric model, horizontal scalability, and Move Language position it to host the most scalable solutions that have emerged from the blockchain industry to date. Its rapidly rising TVL results from multiple Sui-based protocols and applications leveraging Sui’s strengths. 

Sui also saw two ecosystem protocols break $100M TVL for the first time in the network’s history. Navi Protocol now stands at over $114M TVL (up 184% over the last 30 days), while Scallop Lend has surged to over $116M TVL (up 258% over the last 30 days). Cetus ($72M), Aftermath Finance ($58M), and FlowX Finance ($49M) round out the top five projects as measured by TVL.

Contact

Sui Foundation
media@sui.io