🚀Top Blockchain By Daily Active Users In The Last 30 Days

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🚀Top Blockchain By Daily Active Users In The Last 30 Days 🥇@trondao 🥈@BNBCHAIN 🥉@NEARProtocol Don't forget to follow @gemx_crypto for more interesting info💸 #Blockchain #Crypto #tron #BNBChain #NEAR

🚀Top Blockchain By Daily Active Users In The Last 30 Days
🥇@trondao
🥈@BNBCHAIN
🥉@NEARProtocol
Don't forget to follow @gemx_crypto for more interesting info💸
#Blockchain   #Crypto   #tron   #BNBChain   #NEAR  

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🛡️EigenLayer - A Deep Dive Thread Eigenlayer, a groundbreaking protocol on Ethereum that's shaking things up! This thread will unpack its potential and how it's redefining DeFi security. Let's deep dive now👇 1/ Reusing Staked Assets EigenLayer introduces "restaking," allowing you to contribute to the security of multiple services within the Ethereum ecosystem. This not only increases the TVL to a staggering $15 billion but also opens doors for exciting possibilities. 2/ Stronger Security for Ethereum By diversifying Ethereum's security through restaking, EigenLayer strengthens trust assurances for various services. This not only benefits individual projects but also bolsters the entire Ethereum ecosystem. 3/ How EigenLayer Works EigenLayer builds upon Ethereum's existing staking system. You deposit your ETH or LSTs and choose specific smart contracts to support. Through restaking, your assets contribute to the security of those services, making the entire network more robust. 4/ EigenDA EigenDA is an Actively Validated Service (AVS) that integrates with Ethereum through EigenLayer. It ensures secure, efficient, and scalable data storage and accessibility. By delegating your stake to node operators for validation tasks, you contribute to faster transactions and lower costs. 5/ EIGEN Airdrop The EigenLayer airdrop, labeled as stakedrop, distributes EIGEN tokens to the community. In Season 1, 5% of the initial supply is allocated to active restakers. Claims open on May 10, 2024, rewarding community participation and contributions 6/ Intersubjective Forking EigenLayer tackles subjective faults in blockchain systems through a novel concept called intersubjective forking. This feature enforces penalties on offending parties by slashing their stakes in a forked version of the token. It's a powerful tool for ensuring responsible behavior within the network. #EigenLayer #GemxCrypto

🛑Render Network: A Deep Dive @rendernetwork is a peer-to-peer (P2P) marketplace that connects users needing rendering power with devices possessing idle GPUs. But how did it come to be, and how does it work? Here's a breakdown of its key aspects⬇️ 1/ Origin Story: Founded in 2017 by Jules Urbach, Render was initially built on Ethereum to democratize mixed reality experiences and more. Urbach's experience with OTOY paved the way for Render's development. 2/ Core Functionality: Render facilitates connections between "creators" with rendering tasks and "node operators" with idle GPUs. Creators submit jobs with a deposit of RNDR tokens, the network's native token. Based on factors like reputation, jobs are assigned to node operators for completion and then delivered back to the creator for approval. 3/ Burn and Mint Equilibrium (2023): This mechanism introduced fiat pricing for jobs. When a job is paid for in fiat, 95% of the equivalent value in RNDR tokens is burned, reducing overall supply. The remaining 5% goes towards network development. 4/ RNDR Token Utility: RNDR serves two primary functions within the network: • Payment: Used to pay for rendering jobs on the Render Network. • Governance: Holders can participate in Decentralized Autonomous Organization (DAO) voting to influence network decisions. 5/ Tokenomics: Initially launched as an ERC-20 token on the Ethereum blockchain, RNDR has a theoretical maximum supply of approximately 644 million tokens. A quarter of this supply was distributed through private and public sales in 2017. Information regarding team token holdings remains undisclosed. 6/ Render Network's evolution highlights its focus on democratizing access to GPU processing power and streamlining rendering workflows. With its innovative approach, the Render Network community has exciting prospects ahead. Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions #RenderNetwork #GemxCrypto

🎯Renzo One-Page Overview @Renzo Protocol is your go-to Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer. As the 53rd project on the Binance Launchpool, it's bursting with potential. Let's explore more about Renzo by an One-page overview below👇 #GemxCrypto #Renzo

⚡️Zetachain - The First Omnichain Concept @zetablockchain, a novel concept in the crypto market. Offering a compelling option for developers and users seeking to leverage the benefits of mining on any blockchain. 🧵Let's dive into an overview of Zetachain 1/ What is Zetachain? Zetachain is an omnichain platform addressing the gap between "cross-chain" and "multichain", aiming to expand crypto and global financial ecosystems for everyone. It supports mobility and a multichain ecosystem within crypto, enabling users to harness any blockchain's benefits: Payments, DeFi, Liquidity, Games, Arts, Social Graphs, Security, and more. 2/ Key Features of Zetachain: 🔥Decentralized and public: Built on Cosmos SDK and Tendermint Consensus, Zetachain is a decentralized and public blockchain network. 🔥Hyper Node: Zetachain's nodes oversee transactions across all connected chains. 3/ 🔥Omnichain smart contracts: Smart contracts deployed on Zetachain can read/write to connected chains. 🔥Managed external assets: Enables asset management across any chain, similar to a smart contract on a single chain managing assets on corresponding chains. 4/ 🔥Cross-chain message passing: Developers can transmit messages (data and value) between chains and layers, enabling robust cross-chain Dapps with just a few functions deployed within their existing smart contracts. 5/ Zetachain Ecosystem: Zetachain's ecosystem is relatively robust for a Layer1 blockchain with the project's current raised capital. The project continues to develop and build new Dapps in the future. 6/ Investors: The project has been invested in by GSR, CTM Holdings, with funding of up to $27M. However, these are Tier 3 funds, not highly rated or well-known in previous investment deals. 7/ Conclusion: Zetachain presents a promising option for users and developers seeking an omnichain solution. Disclaimer: This thread is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions #ZetaChain #GemxCrypto

🚀Hong Kong Approves BTC and ETH ETFs Hong Kong has given the green light to the first Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs). This is a big step forward for the crypto market! Here's how these ETFs could change the game👇 1/ Six cryptocurrency spot ETFs, including three Bitcoin Spot ETFs and three Ether Spot ETFs, are set to commence trading in Hong Kong on April 30, 2024. This marks a significant step in expanding investment options and fostering crypto market growth in Hong Kong. 2/ Unlike the cash-settled model of Bitcoin spot ETFs in the US, Hong Kong aims to provide a physically settled model for ETFs, allowing new ETF units to be created using BTC and ETH. 3/ Competitive management fee landscape: Harvest offers free management fees for clients in the first six months, followed by a fee of 0.3%. Bosera imposes a fixed management fee of 0.6% for both Bitcoin and Ether spot ETF products. ChinaAMC has the highest fee, fixed at 0.99%. 4/ As a leading financial hub in Asia, Hong Kong is expected to inject substantial capital into the cryptocurrency market. According to Bloomberg analysts, this capital influx could reach $1 billion within the first 1-2 years. 5/ Projects like ETH and related ones are poised to benefit significantly from this news. However, it's essential to approach trading opportunities cautiously, with clear take-profit and stop-loss targets. Avoid FOMO, especially in volatile market environments. #GemxCrypto #BTC🔥🔥🔥🔥🔥 #ETH🔥🔥🔥 #ETFs

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