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💎 Tensor Dominates Solana NFT Market with 77% Share
💎 Tensor’s NFT marketplace success reflects its innovation, ease of use, and strong security, improving user trading experiences.
💎Tensor’s market share growth is particularly noteworthy when compared to its competitors. Magic Eden, once the leading NFT marketplace on Solana, now holds 18.5% of the market share, while Solanart, another prominent platform, has seen its share dwindle to just 0.96%.#sol #SolanaExplorer $SOL
BNB Chain-Based DEX Level Finance Votes on Transferring $200M to Treasury
The community of Level Finance, the decentralized crypto derivatives exchange, is voting on moving over $200 million of its native LVL tokens to its decentralized autonomous organization (DAOs) in a move that is expected to bolster value for token holders.
The proposal, which began on Thursday and is set to close on Friday, comes ahead of a protocol upgrade meant for mid-April.
“The entirety of the remaining ~$200m LVL [ex-team allocation] will be transferred to the DAO’s administration and fully owned by the Treasury,” the proposal read.
“Rewards, incentives, as well as all emissions will be made directly out of the DAO. Proposals and delegations of votes will be live, and the community (along with our new ecosystem partners), will collectively materialize the full potential of the project alongside our team,” it added.
At writing time, 100% of all voters were in favor of the move. Level’s native LVL tokens were nominally down – but may gain in the weeks ahead as newer incentives are created for token holders from the capital infusion.
Level allows users to trade financial derivatives, such as futures on bitcoin (BTC) and ether (ETH), with low slippage and cheap fees. It also offers high leverage of up to 30 times the initial collateral.
The protocol has seen immense growth despite launching in early January. Over $6 billion worth of tokens has been traded on Level in the past three months, with liquidity providers earning over $7 million in cumulative fees.#bnb #BTC #bnbstake $BNB
Crypto arbitrage is a trading strategy that capitalizes on price differences between different exchanges or markets. When choosing tokens for crypto arbitrage, it is important to consider their liquidity, volatility and popularity.
Today we will look at several of the most used crypto tokens that are most often used for successful crypto arbitrage:
💰Ethereum (ETH): Is the basis for many projects and smart contracts. Its high liquidity and active trading make it attractive for crypto arbitrage. 💰Litecoin (LTC): Fast transactions and low fees are also becoming a focus for crypto arbitrage traders. It is often used in pairs with Bitcoin and Ethereum. 💰Ripple (XRP): has become one of the main cryptocurrency tokens for international money transfers. Its high transaction speed and bank support make it a goldmine for crypto arbitrage traders.
The choice of tokens for crypto arbitrage depends on the individual preferences and strategy of the trader. It is important to take into account the current market situation and analyze potential opportunities for profitable trading. We wish you successful crypto arbitrage!
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Solana Mobile said in a Feb. 12 announcement that it has attained 100,000 preorders for its upcoming “Chapter 2” mobile device. The firm said that those 100,000 preorders occurred over less than 30 days, noting that this number means that the early preorder price ($450) will end in 48 hours.
Solana Mobile’s website adds that the product should ship in the first half of 2025 now that this milestone has passed.