Funding fee is a fee paid for keeping your position open for a certain period of time in leveraged transactions. This fee occurs frequently, especially in futures and margin transactions. This duration is approximately 8 hours. The funding fee, which is paid 3 times a day, can be increased to 4 payments in order to control the price, although it is rare. The funding fee may increase or decrease depending on the price difference between the spot market and the forward market of the parity you are trading with. The Funding rate we see in the stock markets also shows us the percentage representation of these metrics.
The Rise of#NFTsin the Art World and the Role of the#BaseNetwork
Today, we want to dive into a topic that is making a splash in the art world:#NFTsand, of course, we will try to explain the impact of the#BaseNetwork on this issue. #NFTs: Digital Art As you know, there has been a huge change in the art world in the last few years. Especially in the past months, many#NFTshave been minted on this issue. #NFTs, a new phenomenon brought about by the digital age, have completely changed how art is traded and perceived in the digital world. So, if you ask what#NFTsare, these digital assets are actually digital tokens that guarantee their uniqueness thanks to#blockchaintechnology. So, in a sense, they give works of art a digital identity. Thanks to this, there was an interest in art and artist#NFTsin January last year. This hype has repeated itself in the past months. Many well-known artists still show and sell their art thanks to #NFT.
▪️ The Bitcoin ecosystem has experienced rapid development over the past year. The emergence of Inscription and BRC-20s in the beginning and the rapid increase of#Runesand $BTC Layer 2s recently caused activity in the Bitcoin ecosystem. With the development of technologies and ideas, the concepts of#LST(Liquid Staking Tokens),#Restakingand Modular Blockchain also entered crypto. These concepts were first developed on the#DEFIcenter#Ethereumside and then began to spread to other ecosystems and the Bitcoin ecosystem.
SPL404 is a highly innovative protocol developed on the Solana blockchain network. This protocol combines NFT and token integration, allowing each NFT to be paired with a specific amount of tokens based on its rarity. This feature allows NFT holders to convert their collections into tokens and vice versa, thus offering flexible asset management. Thanks to the SPL404 protocol, users can convert their tokens directly into NFT. This process provides great convenience, especially for those who see opportunities in NFT marketplaces and want to buy and sell on these platforms. Likewise, tokenization of NFTs is also possible, allowing users to trade via DEXs.
With the rapid development of technology, the importance and use of decentralized systems is increasing day by day. Decentralized Physical Infrastructure attracts the attention of users as a new and developing concept in the crypto ecosystem.#DePINmeans decentralized physical infrastructure created by users by sharing their resources. Users are rewarded with tokens for the resources they share, and the resources are distributed among users.
It appeared as an experimental project called #BOME BOOK OF MEME. In short, it is a#memecoinbased on #solana It was introduced by @Darkfarms1 on March 10th and went on pre-sale in fairlaunch style on March 13th. A total of 10,117.83#SOL($1,620,573.9) was collected. Those who cast $1 $SOL won approximately 3,405,106 tokens. It was added to liquid and debuted on March 14 at 12:03. About 1 hour later, it made its first top at the price of 0.001082. This meant that someone who bought 1 $SOL made exactly 21x.
Hyperlane :#UnauthorizedInteraction Between Blockchains!
#Hyperlane is the first universal and permissionless interaction layer built for the modular#blockchainstack. This platform has a structure that anyone can deploy to any#blockchainenvironment without permission, so that the distributed chain can seamlessly communicate with any other chain where#Hyperlaneis deployed. This platform is designed with the principle of modularity in mind. Specifically, middlechain security modules give developers control over the security model and enable them to configure, combine, and customize security based on the needs of the application.
Hyperlane :#UnauthorizedInteraction Between Blockchains!
#Hyperlane is the first universal and permissionless interaction layer built for the modular #blockchain stack. This platform has a structure that anyone can deploy to any #blockchain environment without permission, so that the distributed chain can seamlessly communicate with any other chain where#Hyperlaneis deployed. This platform is designed with the principle of modularity in mind. Specifically, middlechain security modules give developers control over the security model and enable them to configure, combine, and customize security based on the needs of the application.
#Aevo is a decentralized derivatives and futures exchange focusing on options. It runs on a custom EVM rollup and currently supports #ETH,#ARBand#OPnetworks. It operates an off-chain order book along with on-chain payments, so that when orders are matched, transactions are executed and settled via smart contracts. When we examine #Aevo's investors, we can see large companies such as #Coinbase,#DragonFlyand #Paradigm. Such investors have certain criteria when choosing a project, do detailed research and are selective. Aevo passed these criteria and was entitled to receive investment. This shows us the importance of Aevo at first glance.
It can be defined as an increase in the value of a cryptocurrency or its project due to overwhelmingly positive social media attention, without any real basis or potential. Hype can skyrocket the price of a cryptocurrency or project, but it can also lead to a decline if it runs out of sustainability. This hype may not only affect the coin but also affect the general ecosystem. In this section, it can be understood which projects in that ecosystem they have an impact on by using various tools.
With the Web 3 wallet announced by Binance on November 8, it became easier to make transactions on the decentralized side. You can access your wallet with a single click from the wallet section without having to download any application. With this wallet, you can now discover dApps more easily and delve deeper into the blockchain. In this way, you can conduct decentralized finance (DeFi) transactions, perform token swaps across multiple networks, and interact with various blockchain platforms to generate returns.
#USDT is a cryptocurrency issued by#TetherLimited and pegged to the US dollar. Tether is a subsidiary of Bitfinex, one of the world's largest cryptocurrency exchanges, founded in 2014. (It can be said that it was claimed that they were not together in the beginning.) The launch of USDT comes at a time when the cryptocurrency market is increasingly unstable. Cryptocurrencies were considered risky by traditional investors due to their high volatility. The peg of USDT to the US dollar was aimed at bringing more reliability to the cryptocurrency market. Hence, it has rapidly gained popularity since its release.
Changpeng Zhao (CZ): A Visionary Who Companions Cryptocurrencies
Changpeng Zhao, the sought-after name in the cryptocurrency world, or as it is often called "CZ," is known as the founder and CEO of the cryptocurrency exchange Binance. Under CZ's leadership, Binance has grown beyond just a trading platform into a meeting point for cryptocurrency holders around the world. Born in China in 1977, Zhao's life story begins when he immigrated to Canada with his family and studied computer engineering. Taking his first steps in the finance industry, CZ set off towards the cryptocurrency world after working in a number of large financial institutions in Tokyo. His encounter with Bitcoin and blockchain technology opened the door to the fascinating world of cryptocurrencies for him.
BRC-20 is a token standard on the Bitcoin blockchain. This standard allows tokens to be generated and transferred.
BRC-20-based tokens are specifically designed for the Bitcoin blockchain network and have different mechanisms and functions compared to Ethereum-based tokens, they also differ from ERC-20-based tokens in that they use the Ordinals protocol instead of a smart contract.
ORDI, the first BRC-20 token, was launched on March 8, 2023. The increasing interest in BRC-20 tokens and the potential they offer for the Bitcoin blockchain is increasingly attracting attention.
When we look at the last 8 months of BRC-20 tokens, the Marketcap Value of Total BRC-20 Tokens was: 80M$ 8 months ago, and as of today, a marketcap value of 3.3B$ has been reached. At the same time, ORDI token is on Binance after 8 months. It has also been listed and has currently reached a Marketcap of $488M.
BRC-20 tokens have made a name for themselves in the crypto community with their distinctive innovation and on-chain features, and good profits can be made. However, it is possible to see that BRC-20 based tokens are at an early stage even now and new developments are taking place every day.
Social media has become an important part of our lives. We use social media platforms to communicate with our friends, follow content based on our interests, and stay informed about events around the world. However, these platforms come with many problems: Privacy concerns, ad bombardment, centralized control and more. This is exactly where "SocialFi" comes into play! 🌐 SocialFi represents a new social media paradigm. It stands out as a platform that provides more control to its users and protects the privacy of personal data, instead of central authorities. Here are some important features that SocialFi offers:
The rise in Bitcoin price in the last months of 2023 raised the question among investors whether the bull market was coming. It is possible to make an evaluation by examining the underlying reasons for this rise. Impact of Grayscale case Grayscale's lawsuit against the SEC became one of the most important cryptocurrency news of 2023. As a result of the case, the court allowed Grayscale to convert its Bitcoin Trust (GBTC) into a spot ETF. This decision was interpreted as a sign that Bitcoin will be more adopted by institutional investors.
What is Scroll? Layer 2 Project That Aroused Resonance in the Crypto Industry
In this article, we will take a closer look at the Scroll Layer 2 project, which has made a name for itself with a quiet transition in the crypto industry. Scroll is a layer 2 network similar to Layer 2 (L2) networks such as zkSync, Starknet, Polygon zkEVM. Ethereum is a leading blockchain network powering decentralized applications. However, Ethereum's popularity, along with its high transaction costs, poses a barrier to adoption by the next audience of users and developers. Zero knowledge proofs (zk) were combined with cutting-edge technology by Scroll to create a Layer 2 aggregation network on Ethereum. Scroll offers a "zkEVM" that behaves like Ethereum and secures all activities on the network with smart contracts in Ethereum. The Scroll Layer 2 network supports unlimited read transactions and pre-deployed demo applications, unlike other zkEVM Layer 2 networks.