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METIS going to the moon. 🚀🚀 #Metis
METIS
going to the moon. 🚀🚀
#Metis
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Uniswap (UNI) is a decentralized protocol built atop the Ethereum blockchain network. The protocol is known as an Automated Market Maker (AMM), a system designed to facilitate the exchange of various ERC-20-based cryptocurrencies. UniSwap is the largest AMM DEX by volume on Ethereum, accounting for hundreds of millions in daily trade volume typically, and even billions in busier market conditions since being founded and launched in 2018. Several factors can be considered as potential reasons that make UniSwap a popular DEX among DeFi users. The AMM network design gives individuals the opportunity to provide liquidity to the decentralized exchange (DEX) and in doing so, receive rewards in the form of varying APYs. As Uniswap is decentralized, its network is fully peer-to-peer (P2P), from liquidity to swapping. Uniswap’s native cryptocurrency, UNI, is an ERC-20 coin and as such, now utilizes a proof-of-stake (PoS) consensus model due to the Ethereum Merge. UNI can be staked on the home network platform to provide liquidity for the ecosystem in exchange for specified percentage returns. #UNI:
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SOL Solana is an independent Layer 1 blockchain created as a fast and efficient network with an underlying smart contract protocol. Since its launch in 2020, the Solana network has been dubbed a competitor to Ethereum, and even nicknamed ‘The Ethereum Killer’. The network’s scalability, combined with its low fees and high speed, makes it a leading choice for many NFT-based decentralized applications (dApps), as well as decentralized finance (DeFi) and digital blockchain-based payment ecosystems. The Solana network focuses on high transaction throughput and short processing time, which it achieves via its Proof-of-History (PoH) technology. Solana claims to be able to process 65,000 transactions per second, making it one of the fastest in the industry. #SOL
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API3 is a platform that provides decentralized application programming interfaces (APIs) for blockchain-based applications to access real-world external data securely, reliably, and in a decentralized manner. The API3 platform is designed to solve the limitations of existing APIs, which are often centralized and rely on third-party intermediaries for data access. API3 is powered by its native token, $API3. The current price of API3 can be live-tracked on Binance. The stated purpose of API3 is to allow for the creation, management, and monetization of decentralized versions of APIs at scale. As blockchain technology plays an increasingly important role in the economy - from DeFi to supply chain management - the team behind the project says that smart contracts providing "timely and reliable real-world data " has never been more critical. The API3 platform uses a unique approach to data access called Airnode, which allows for the creation of customized APIs for specific use cases. Airnode enables developers to create APIs that are tailored to their specific application needs, with customizable data sources, parameters, and responses. #api3update
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Floki going to the moon. #Floki🔥🔥 $FLOKI
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Ethereum Name Service, known as ENS, is designed to operate as an innovative, decentralized naming system built on the Ethereum blockchain. Its core function is to translate Ethereum addresses, which are typically complex alphanumeric strings, into easily readable formats like 'john.eth.' This bi-directional conversion also associates metadata with these user-friendly Ethereum addresses, enhancing accessibility. ENS operates using two primary smart contracts: the ENS registry and the resolver. The ENS registry records and maintains information about domain names, while the resolver translates these domain names back to machine-readable addresses and links them to their corresponding entities, be it users, websites, or addresses. As per the project, ENS plays a key role in the digital domain naming space by transferring the concept of Domain Name Service (DNS) to the decentralized Web3 environment. Its unique value reportedly lies in its ability to simplify blockchain technology for users through user-friendly links, making it less intimidating and more accessible. #ENS: $ENS
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