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8000x Cheaper Than Ethereum: Polygon's (MATIC) Nailwal on Near Protocol (NEAR) Integration. A new integration between two major altcoin ecosystems kicks off, paving the way for more second-layer networks powered by ZK proofs. With such networks, customers will be able to save on transactional costs and infrastructure resources. Near DA layer now fuels Polygon CDK: Why is this important? With the integration between Polygon CDK, an open-source L2 development kit, and Near's Data Availability platform, users can transact 8,000 times cheaper than on the Ethereum (ETH) mainnet. This was shared by Polygon's founder Sandeep Nailwal with his 273,000 followers on X. The NEAR Data Availability layer (NEAR DA) is now available for all customers of Polygon CDK, which allows third-party developers to develop and launch their own zk-powered layer 2s for various use cases. Builders can set customizable features (transaction costs, native token, throughput) with no EVM-compatibility, security and developer experience tradeoffs. Illia Polosukhin, cofounder of NEAR Protocol, stressed the importance of this integration for the tech capability of dApps in the future and for cross-network interoperability in Web3: We're excited to make NEAR DA available to Polygon CDK rollup builders and share the benefits of cost-effective, lightning-fast data availability that scales with NEAR's sharding for the modular Ethereum ecosystem. This is another exciting collaboration between NEAR Foundation and Polygon Labs to drive Chain Abstraction and create better experiences for developers and users. The Alsom Near Protocol (NEAR) team calculated that 231 kB of calldata on NEAR costs $0.0016, while the same calldata on Ethereum L1 costs users $140.54. More zk-powered L2s to come? Even with Proto-Danksharding activated on Ethereum (ETH), this results in massive resource cost reductions and transactional bandwidth increases. Also, Polygon (MATIC) and Near (NEAR) kickstarted a long-term technical collaboration to build zkWASM, a new type of prover for WASM blockchains. #VIPElevateandEarn

8000x Cheaper Than Ethereum: Polygon's (MATIC) Nailwal on Near Protocol (NEAR) Integration.

A new integration between two major altcoin ecosystems kicks off, paving the way for more second-layer networks powered by ZK proofs. With such networks, customers will be able to save on transactional costs and infrastructure resources.

Near DA layer now fuels Polygon CDK:

Why is this important?

With the integration between Polygon CDK, an open-source L2 development kit, and Near's Data Availability platform, users can transact 8,000 times cheaper than on the Ethereum (ETH) mainnet. This was shared by Polygon's founder Sandeep Nailwal with his 273,000 followers on X.

The NEAR Data Availability layer (NEAR DA) is now available for all customers of Polygon CDK, which allows third-party developers to develop and launch their own zk-powered layer 2s for various use cases.

Builders can set customizable features (transaction costs, native token, throughput) with no EVM-compatibility, security and developer experience tradeoffs.

Illia Polosukhin, cofounder of NEAR Protocol, stressed the importance of this integration for the tech capability of dApps in the future and for cross-network interoperability in Web3:

We're excited to make NEAR DA available to Polygon CDK rollup builders and share the benefits of cost-effective, lightning-fast data availability that scales with NEAR's sharding for the modular Ethereum ecosystem. This is another exciting collaboration between NEAR Foundation and Polygon Labs to drive Chain Abstraction and create better experiences for developers and users.

The Alsom Near Protocol (NEAR) team calculated that 231 kB of calldata on NEAR costs $0.0016, while the same calldata on Ethereum L1 costs users $140.54.

More zk-powered L2s to come?

Even with Proto-Danksharding activated on Ethereum (ETH), this results in massive resource cost reductions and transactional bandwidth increases.

Also, Polygon (MATIC) and Near (NEAR) kickstarted a long-term technical collaboration to build zkWASM, a new type of prover for WASM blockchains.

#VIPElevateandEarn

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Shiba Inu's Shibarium Witnesses Epic Key Metric Growth. Shiba Inu's Layer-2 blockchain innovation, Shibarium, has experienced an unprecedented surge in activity, according to Shibariumscan. Over the past 24 hours alone, the platform has witnessed a staggering increase in daily transactions, soaring from 288,690 to an impressive 347,460. This surge, reaching its zenith since March 25, represents a remarkable 6,171% surge compared to just four days prior, signaling a remarkable shift in the dynamics of Shiba In * u' * s network. Following a prolonged period of subdued transactional activity on Shibarium, the recent surge comes as a breath of fresh air for SHIB enthusiasts. Over the past three days, activity on the network has been steadily escalating, fostering a sense of optimism within the community. As a testament to this newfound momentum, the total volume of transactions processed through Shibarium has now eclipsed the 412.61 million mark, underscoring the platform's growing significance in the crypto landscape. Notably, the surge in transactional activity has been accompanied by a substantial uptick in the number of accounts engaging with the network. Within a single day, the count of active accounts surged to 14,321, marking a remarkable 218.33% increase from the previous day. Similarly, the influx of new accounts surged by an impressive 173%, reaching a total of 9,439. As speculation mounts regarding the potential implications of this surge, all eyes are inevitably fixated on the price movements of tokens linked to Shiba Inu, notably SHIB and BONE. However, equally compelling is the question of sustainability how long will this period of robust growth persist, and can Shiba Inu's blockchain sustain its newfound momentum?
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Solana (SOL) to Become Market's Leader? Chris Burniske Predicts. Despite experiencing a sharp 20% price drop, which saw the coin plunge toward the $115 mark, its resilience at crucial support levels has sparked discussions about its potential to climb the ranks in the cryptocurrency market. The price dip moved SOL toward the 100- day EMA, depicted by the orange line on the chart, which played a role in the asset's rebound. This dynamic speaks to the importance of EMAs as indicators of market sentiment. With the next support anticipated around the historical $100 level and then at the 200 EMA, around $110, SOL's reaction to these thresholds could signal its next move. A notable feature in Solana's chart is the double-top pattern formed prior to the latest correction. This classic technical formation often points to a potential reversal from an uptrend, which has played out in SOL's recent price action. The double-top pattern reinforces the significance of the $115 level, as it mirrors the peaks of this formation, now acting as a stern resistance. However, if SOL consolidates above the 200 EMA support, we can become slightly optimistic. If SOL can maintain above the $110 level and aim for a break past the $115 resistance, it could invalidate the bearish sentiment originated from the double-top pattern and possibly set a course toward reclaiming higher prices. Chris Burniske suggests that while Solana has faced challenges, its abundance of meme coins that provide extremely high volatility can become a strong bullish case for it once again.
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Bitcoin (BTC) Halving Might Bring Suffering in Short Term, Analyst Charles Edwards Says. As the fourth Bitcoin (BTC) halving is getting closer, cryptocurrency analysts publish various forecasts about its potential impact on the digital asset market. While most of the forecasts are bullish, some theories might sound alarming for miners. "Many will suffer": Charles Edwards on Bitcoin (BTC) halving In general, the halving of miner rewards is great for Bitcoin (BTC) and the entire cryptocurrency segment in the long run. At the same time, its short term outcomes might be painful for some actors within the BTC ecosystem, Capriole Investments' founder Charles Edwards says on X. In particular, the fourth Bitcoin (BTC) halving looks dangerous for miners with old-gen hardware. Some of them will "go bust" as soon as this year, Edwards admits. The fourth Bitcoin (BTC) halving is expected to happen April 19, 2024, at about 1:53 p.m. UTC once the largest cryptocurrency reaches 840,000 block height. The mining rewards will drop from 6.25 BTC per block to 3.125 BTC per block. As such, some miners with less energy- efficient hardware might go underwater in the next cycle. For instance, Bitmain Antminer S19, one of the most popular generations of ASIC miners for SHA-256 coins BTC, LTC and others - will only be profitable post- halving when the BTC price is over $80,000, some estimations reveal. Tether's Paolo Ardoino calls BTC halving "poetic," here's why. Bitcoin's (BTC) halving mechanism is hard- coded into the tech design of the first cryptocurrency. It reduces BTC emission by half every 210,000 blocks or roughly once in four years. Thus, Bitcoin (BTC) becomes a scarcer asset, which, combined with the limited net supply, makes it more valuable economically. Tether and Bitfinex CTO Paolo Ardoino is excited by the role of the BTC halving in the tokenomics of the orange coin: The Bitcoin halving is poetic. It can't be changed. It clocks every 4 years. It's a reminder of the immutable. It's a physics law.
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XRPL On-Chain Lending Protocol Design Proposed by Devs. With the new mechanism, on-chain accounts on XRP Ledger will be able to benefit from decentralized lending in a censorship-resistant manner without middlemen. XRP Ledger on-chain lending protocol introduced by Aanchal Malhotra and Vito Tumas The novel proposal, XLS-66d or "XRP Ledger-Native Lending Protocol," was published yesterday, April 12, 2024, on RippleX devs' GitHub. It is designed to equip the XRP Ledger blockchain with the opportunity to host on-chain lending/borrowing pools. This proposal is expected to enable XRPL users to borrow and lend digital assets directly, fostering financial inclusion, transparency and efficiency, and eliminate the role of intermediaries. Technically, the activation of XLS-66 requires the implementation of two new entities within XRPL, i.e., "Pseudo- Account" and "Single-Asset Tokenized Pool." The list of key features of potential XRPL lending/borrowing protocols is similar to that of top existing DeFis. Its users will be able to seamlessly deposit fungible tokens (XRP, WBTC, WETH and others) into a lending pool to earn interest. Then, pool delegates, on-chain actors of a new type, will manage the operations of lending pools, attract liquidity and provide loans. Native lending on XRPL to unlock wide range of use cases. The novel design is 100% decentralized: Borrowers and pool delegates will agree on loan terms off-chain, then record them on- chain. A "loan" will be a completely new ledger object. It will be responsible for loan financing and withdrawing, payments and interest rates specifications. The team of Ripple's technical development arm RippleX highlighted the paramount importance of this accomplishment for XRP Ledger and the DeFi scene as a whole: XRP community speaker @WKahneman noticed that the implementation of native on-chain lending for XRPL will give its real- world assets segment a boost: So if a native lending protocol makes to the #XRPL, there could be some creative possibilities to tokenize RWA, and lend them, in whatever currency desired.
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DOGE Price Prediction for April 12. DOGE/USD. The rate of DOGE has declined by 0.16% over the last 24 hours. On the hourly chart, the price of DOGE is trading below the local support level of $0.1926. If the situation does not change by the end of the day, the fall is likely to continue to the $0.1850 zone tomorrow. On the daily time frame, the picture is also rather more bearish than bullish. If the bar closes below $0.19, traders may expect an ongoing correction to the $0.17-$0.18 area within the next few days. From the midterm point of view, the rate of DOGE is in the middle of the channel, between the support of $0.17 and the resistance of $0.2288. As none of the sides has seized the initiative yet, ongoing sideways trading around $0.19 is the more likely scenario for the next week. DOGE is trading at $0.1923 at press time.
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