Shibarium, the Shiba Inu Layer-2 scaling solution, has achieved a significant milestone with nearly half a billion transactions since its launch. Built on the Ethereum blockchain and backed by the Shiba Inu (SHIB) ecosystem, Shibarium has shown remarkable growth on its mainnet. According to data from Shibariumscan, the platform has processed over 500 million transactions, reaching a total of 500,623,178.
Shibarium as a Catalyst for Growth
Launched in August 2023 as a Layer-2 scaling solution, Shibarium initially faced challenges, but this recent milestone has sparked discussions on platform X (formerly Twitter). Less than a month ago, Shibarium saw a significant boost thanks to the Shiboshi NFT update, which drove massive adoption within the ecosystem.
The deployment of the NFT bridge on the mainnet triggered a surge in transactions, rising from thousands to millions daily. Currently, daily transaction volume stands at 4.69 million, with at least 2,227 transactions occurring each hour. This milestone was also acknowledged by Kaal Dhairya, one of the lead developers.

According to Shibariumscan data, Shibarium now has a total of 7,849,660 blocks and 1,889,496 wallet addresses. As the protocol continues to grow, it is expected to soon rival other Layer-2 platforms like Base and Optimism.
Shiba Inu’s Reaction – Will It Impact Market Value?
The Shiba Inu memecoin has also responded to this ecosystem milestone, highlighting the overall growth of the project. As of this writing, SHIB’s price is at $0.0000264, marking a 3.39% decrease over the past 24 hours. During this period, SHIB traded between a low of $0.00002457 and a high of $0.0000303.
While the token may see an upward trend, SHIB has benefited significantly from Bitcoin’s price boom over the past week, holding on to an overall gain of more than 48%. Given that SHIB’s price is largely influenced by broader market trends, a quicker recovery could be anticipated.
Shiba Inu’s Development Vision: A “Silicon Valley for Cryptocurrency”
Meanwhile, lead developer Shytoshi Kusama has been focused on his SH.IB proposal, aiming to create a “Silicon Valley for cryptocurrency.” He recently presented this idea to Elon Musk, hoping to gain support from the Donald Trump administration as well.

#Shibarium , #shiba⚡ , #NFT​ , #memecoin🚀🚀🚀 , #CryptoNewss

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

As we’ve seen before, major events can ignite explosive growth in the crypto world. Just like Bitcoin's epic surge in 2016, BounceBit ($BB ) is now setting the stage for a decentralized revolution with its unique innovations. Here’s what makes BounceBit stand out and why it’s a token to watch!

🌐 Why BounceBit (BB Token) Stands Out:

1. Decentralized Auction Protocol:
BounceBit introduces a decentralized auction protocol, offering flexible asset trading options with both fixed and dynamic pricing. This makes $BB perfect for seamless, decentralized transactions.

2. NFTs and DeFi Integration:
Targeting the booming NFT and DeFi markets, BounceBit allows users to trade digital assets like NFTs with ease, riding the high demand in these sectors.

3. Community Governance:
$BB holders actively participate in governance, voting on important decisions and shaping the future of the platform. It’s a truly community-driven ecosystem!

4. Cross-Chain Compatibility:
With cross-chain support, BounceBit functions across multiple blockchain networks, enhancing its reach and adoption.

5. Strategic Tokenomics:
To maintain value and demand, BB Token includes a token-burning mechanism that controls supply. This strategy is vital for its long-term growth potential.

🌱 The Future of BounceBit (BB Token):

NFT and DeFi Expansion:
BounceBit’s unique auction model positions it well within the expanding NFT and DeFi spaces, attracting more users and boosting $BB ’s demand.

Partnerships for Growth:
Collaborations with other DeFi and NFT projects will elevate BounceBit’s visibility, drive user interest, and strengthen BB Token’s liquidity.

Increased Platform Adoption:
As more users join, demand for BB rises, enhancing its value in governance, staking, and auctions.

💹 BB Token Price Outlook:

Short-Term (6-12 Months):
With strategic partnerships and growing interest,BB could experience steady growth, becoming a favored asset for decentralized trading enthusiasts.

Join the future of decentralized commerce with BounceBit! Watch BB closely—it’s poised to reshape digital trading.

@BounceBit #BBCeDeFi #DecentralizedTrading #NFT​ #CryptoRevolution

Two users of #opensea , the largest marketplace for non-fungible tokens, accused the site of trading in unregistered securities. But have now withdrawn the lawsuit.

Plaintiffs Anthony Shnayderman and Itai Bronshtein have voluntarily withdrawn their complaint filed against Ozone Networks, which operates the OpenSea trading platform. The marketplace's customers made the decision after Judge Cecilia Altonaga allowed OpenSea to submit the case to arbitration. This is an alternative dispute resolution process that takes place privately: faster and at the lowest cost than regular litigation.

This implies that a class action lawsuit would not be able to set a precedent that could widely affect the NFT market.

OpenSea said the plaintiffs' clients have agreed to its terms that all claims can be resolved in arbitration. Plaintiffs' attorney Adam Moskowitz explained that the plaintiffs “had no choice but to dismiss the litigation.”

The users sued OpenSea in September, claiming that the NFTs they bought on the platform turned out to be unregistered investment contracts, so they were worthless in the United States due to their “illegal nature.” The plaintiffs mentioned that in August, the U.S. Securities and Exchange Commission (SEC) threatened the platform that it could sue it for digital art trading.

Given that OpenSea could find itself in a tight spot, Schneiderman and Bronstein took advantage of the situation and complained about the platform as well. In the lawsuit, they cited the SEC's successful actions against #NFT​ projects Stoner Cats 2 and Impact Theory, where non-interchangeable tokens were deemed unregistered securities.

Last November, OpenSea was forced to lay off half of its employees, and in January, the platform's co-founder Devin Finzer announced his readiness to sell the company due to declining trading volumes.
#Devcon2024

Get set to flip NFTs with ease!🤑 @flipdotmeme is bringing the fun of memecoin trading to NFTs with a simple, easy-to-use launchpad on SOL. Their motto says it all: LAUNCH IT. FLIP IT. PROFIT.
With flipmeme, you can create, buy, and sell Non-Fungible Memecoin (NFM) just like memecoins. Just a few clicks are all it takes to launch stunning NFT collections and using a unique pricing model that makes flipping NFTs as smooth as ever. Even better, 100% of funds go straight into the collection’s LP, so there’s always liquidity ready for your trades.

Want a head start? Join the waitlist and rack up FLIP POINTS (FP) by completing quests🧩, play games🎮 and invite friends👫. Top leaderboard users get an early access to the platform before the public launch and win exclusive rewards.✨️
👉Sign up today: flip.meme/?refCode=NCYM07

#memecoin🚀🚀🚀 #NFT​

#NFT​ trading volume on the $BNB
network increased 283% quarter-on-quarter in the third quarter, driven by whales, as the average daily number of buyers fell by more than 50%, according to Messari.

Trading volumes of non-replaceable tokens on the BNB network rebounded in the third quarter, rising 283% to $600,400 (on average) per day, according to analyst firm Messari.

According to AJC, Messari's research manager, average daily sales also increased 47% quarter-on-quarter to 8,900.

“However, the average number of daily buyers declined 53% quarter-on-quarter to 2,300, indicating that NFT activity in the third quarter was driven by ‘whales’ rather than small users,” the Nov. 7 report said.

CryptoSlam data shows that the NFT BNB Chain's $55.2 million trading volume (calculated by multiplying the average daily volume by the number of days in the third quarter) still pales in comparison to the Ethereum and #Bitcoin❗ networks, which had trading volumes of $120.7 million and $74.6 million in the last 30 days alone.

Solana, Mythos Chain, Polygon and Immutable also saw higher trading volume than BNB Chain over the same time period.

Other indicators characterizing BNB Chain's performance were mixed.

BNB Chain's revenue fell 27.9% quarter-over-quarter to $34.9 million, mainly due to a 27% decline in gas commissions paid on decentralized finance transactions.

#BNBChain: 's average daily active address also fell 19% to 900,000 as average daily transactions fell 8.1%.

However, the total value locked on the BNB Blockchain increased 2.2% to $4.8 billion in the third quarter, with algorithmic money market protocol Venus Finance contributing the most to that growth, up 13% to $1.79 billion.

More tokens were burned than minted in the third quarter, leading to a 4.5% deflation rate and contributing to a 2.5% price increase as the broader market regressed slightly, CoinGecko data shows.
#BIOProtocol

Luxury car manufacturer Automobili #Lamborghini will use cryptocurrency company Transak for its upcoming issuance of non-replaceable tokens.

On Nov. 7, Lamborghini will allow users to issue their Revuelto NFTs as part of the automaker's Fast ForWorld partnership with Web3 gaming and venture capital firm Animoca Brands.

The NFTs will allow users to drive digital Lamborghini in a wide range of games developed by Motorverse, Animoca Brands' digital car-focused project.

In a press release, Transak said it will be an “#NFT​ Checkout” partner for the Fast ForWorld project. The announcement noted that users can choose payment methods through Transak's platform. This includes card payments and direct bank transfers.

Despite the recent data leak, Transak assures its users that the platform provides secure payment transfers. On October 21, the crypto-fiat payment platform suffered a data breach, with 92,000 users, about 1.14% of Transak's user base, affected by a phishing attack. In an announcement, Transak said that “no financial information” was compromised.
#EthereumRally

Prominent NFT trading platform #opensea is looking to reinvent itself as trading volumes of non-replaceable tokens have dropped to their lowest level in more than three years.

On Monday, OpenSea CEO Devin Finzer posted a post to X talking about the new platform. “We've been slowly working on OpenSea,” he said. - To truly innovate, sometimes you have to take a step back and rethink everything. That's why we built the new OpenSea from the ground up.”

OpenSea also announced the new platform on its X account, saying it will launch in December. The marketplace also has a link to sign up for the waitlist. The announcement of the new platform follows almost exactly a year after OpenSea laid off half of its staff before Finzer said the company had begun work on “OpenSea 2.0.”

After being the dominant marketplace for NFTs for years, including during bull markets when tokens from popular collections like Bored Apes Yacht Club sometimes sold for millions of dollars, OpenSea was supplanted by newcomer Blur at the end of 2022. As the two sites fought for market dominance, overall trading volumes declined. OpenSea has recently managed to regain some of its market share, but according to The Block Data Dashboard, total trading volumes are at their lowest level in more than three years.

One trend that Blur's success over OpenSea seems to have demonstrated is that #NFT​ traders are increasingly interested in using platforms that offer more than just basic buying and selling functionality. Blur's success also suggests that traders want more sophisticated trading tools, while the platform attracts new users with rewards in the form of tokens.

OpenSea's redesign comes at a time when there appears to be little hope for NFT's growth. In January of this year, monthly NFT trading volume based on Ethereum's non-interchangeable tokens reached $868 million, before dropping to $300 million in June and $136 million last month, according to The Block Data Dashboard.
#SOLFutureRise

Buying Binance NFTs can offer specific advantages due to the platform's features, security, and ecosystem integration. Here are some reasons why you might consider buying NFTs through Binance:
1. Trusted Platform and Security
Binance is one of the world’s largest and most reputable cryptocurrency exchanges, known for its strong security measures. Buying NFTs on Binance may provide a higher level of trust and security compared to smaller or newer platforms.
2. Lower Transaction Fees
Binance charges relatively low transaction fees, which can make buying NFTs more affordable compared to Ethereum-based marketplaces that may have high gas fees. Lower costs mean more value for your purchase.
3. Integration with Binance Ecosystem
Binance NFTs integrate with the broader Binance ecosystem, allowing easy access to various other crypto services like staking, trading, and Binance’s cryptocurrency wallet. This makes managing assets and moving between NFT and crypto investments easier.
4. Exclusive NFT Collections and Partnerships
Binance offers unique collections and collaborations with high-profile creators, artists, and brands. Many Binance NFTs are exclusive, meaning they’re only available on this platform, which can add scarcity and appeal.
5. Wide Range of NFT Categories
Binance NFT Marketplace covers many categories beyond just digital art, including gaming assets, sports collectibles, and virtual real estate. It appeals to a diverse audience, from art collectors to gamers.
6. Cross-Chain Capabilities
Binance supports NFTs on multiple blockchains (BSC and Ethereum, for example), providing flexibility. This cross-chain feature means you aren’t limited to one blockchain, increasing access to a broader market.
7. Resale and Rewards Potential
Binance offers an active secondary marketplace where users can buy, sell, and trade NFTs. They also run rewards programs and promotions, sometimes allowing users to earn passive rewards by holding certain NFTs.
8. User-Friendly Experience
Binance’s marketplace is designed to be accessible, even to those who may not have extensive experience with NFTs or cryptocurrency. Features like easy wallet integration and straightforward payment methods make it a user-friendly choice for new buyers.
Conclusion
If you're already using Binance for cryptocurrency, buying NFTs on the same platform may streamline your experience. Just remember, like all NFTs, Binance NFTs can be speculative, so it’s essential to do thorough research before purchasing.
#Binancepen_spark #binance $BNB #NFT​ #binanceNFT