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Arbitrum Ecosystem Growth
As a layer 2 built on Ethereum, Arbitrum is immediately accessible to those that are familiar with transacting on Ethereum and used to popular decentralized applications like Uniswap, Sushi and Aave.
It's also just as simple to build on Arbitrum as it is on Ethereum, since developers can use all their standard developer tools — such as Truffle, Hardhat, Remix, etc., to build and deploy on the platform.
This has led to what can only be described as meteoric growth of its user base and the rapid expansion of its ecosystem. Indeed, there are close to 4 million unique Arbitrum addresses — a number that has been increasing parabolically since launch. Meanwhile, there are now more than 400 Arbitrum DApps, many of which fall under the DeFi umbrella.
Some of the platform's most popular DApps now have over $100 million in TVL — including GMX, Uniswap, Treasure and Camelot.
Despite being the fourth most popular blockchain by TVL, Arbitrum is the 18th blockchain by 30-day fee revenue — at just $3.8 million compared to Ethereum's $178.4 million, per data from token terminal.
#Write2Earn
As a layer 2 built on Ethereum, Arbitrum is immediately accessible to those that are familiar with transacting on Ethereum and used to popular decentralized applications like Uniswap, Sushi and Aave.
It's also just as simple to build on Arbitrum as it is on Ethereum, since developers can use all their standard developer tools — such as Truffle, Hardhat, Remix, etc., to build and deploy on the platform.
This has led to what can only be described as meteoric growth of its user base and the rapid expansion of its ecosystem. Indeed, there are close to 4 million unique Arbitrum addresses — a number that has been increasing parabolically since launch. Meanwhile, there are now more than 400 Arbitrum DApps, many of which fall under the DeFi umbrella.
Some of the platform's most popular DApps now have over $100 million in TVL — including GMX, Uniswap, Treasure and Camelot.
Despite being the fourth most popular blockchain by TVL, Arbitrum is the 18th blockchain by 30-day fee revenue — at just $3.8 million compared to Ethereum's $178.4 million, per data from token terminal.
#Write2Earn
$USDC Arbitrum is a rollup chain designed to improve the scalability of Ethereum. It achieves this by bundling multiple transactions into a single transaction, thereby reducing the load on the Ethereum network.
In simple terms, a rollup chain is a layer 2 solution that aggregates and processes transactions off-chain, before submitting a single transaction to the Ethereum mainnet. This means that users can enjoy faster and cheaper transactions, while still benefiting from the security and decentralization of the Ethereum network.
Arbitrum's native token is called the Arbitrum token, or ARB for short. The token is used to pay for transaction fees on the Arbitrum network and also serves as a means of governance for the protocol. Holders of ARB can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes.
Arbitrum is a rollup chain that enables faster and cheaper transactions on Ethereum, while its native token ARB is used for transaction fees and governance. With the increasing demand for Ethereum-based applications and transactions, rollup chains like Arbitrum are becoming increasingly important for improving the scalability of the network.
#TradeNTell
In simple terms, a rollup chain is a layer 2 solution that aggregates and processes transactions off-chain, before submitting a single transaction to the Ethereum mainnet. This means that users can enjoy faster and cheaper transactions, while still benefiting from the security and decentralization of the Ethereum network.
Arbitrum's native token is called the Arbitrum token, or ARB for short. The token is used to pay for transaction fees on the Arbitrum network and also serves as a means of governance for the protocol. Holders of ARB can participate in decision-making processes, such as proposing and voting on protocol upgrades or changes.
Arbitrum is a rollup chain that enables faster and cheaper transactions on Ethereum, while its native token ARB is used for transaction fees and governance. With the increasing demand for Ethereum-based applications and transactions, rollup chains like Arbitrum are becoming increasingly important for improving the scalability of the network.
#TradeNTell
Polygon
What is Polygon?
Polygon is a decentralised Ethereum scaling platform that seeks to enable developers to build secure, scalable, user-friendly DApps with low transaction fees. The project offers several Ethereum scaling solutions, the core component of which is Polygon SDK, a modular, flexible framework that supports the development of many types of decentralised apps.
A brief history of Polygon
Polygon was launched in October 2017 under its previous name Matic Network, which remains the brand that is used for its token (MATIC). Polygon’s team contributed greatly to the Ethereum ecosystem, with solutions such as Plasma MVP, the WalletConnect protocol, and the widely-used Dagger event notification engine on Ethereum. It has since moved into its own blockchain network in 2019.
How Polygon works
Polygon describes its platform as a Layer 2 scaling solution that reduces the complexity of scaling blockchain solutions and facilitates faster blockchain transactions. Using a custom version of the Plasma framework that is built on proof of stake (PoS) checkpoints on the main Ethereum blockchain, Polygon allows each sidechain on its network to achieve up to 65,536 transactions per block. The sidechains created on Polygon are designed to support DeFI (decentralised finance) protocols on Ethereum.
What is Polygon used for?
MATIC, the cryptocurrency of the Polygon network, is mainly used to secure its proof of stake network through several validators, which receive additional MATIC tokens as a reward for staking their tokens.
#Write2Earn
What is Polygon?
Polygon is a decentralised Ethereum scaling platform that seeks to enable developers to build secure, scalable, user-friendly DApps with low transaction fees. The project offers several Ethereum scaling solutions, the core component of which is Polygon SDK, a modular, flexible framework that supports the development of many types of decentralised apps.
A brief history of Polygon
Polygon was launched in October 2017 under its previous name Matic Network, which remains the brand that is used for its token (MATIC). Polygon’s team contributed greatly to the Ethereum ecosystem, with solutions such as Plasma MVP, the WalletConnect protocol, and the widely-used Dagger event notification engine on Ethereum. It has since moved into its own blockchain network in 2019.
How Polygon works
Polygon describes its platform as a Layer 2 scaling solution that reduces the complexity of scaling blockchain solutions and facilitates faster blockchain transactions. Using a custom version of the Plasma framework that is built on proof of stake (PoS) checkpoints on the main Ethereum blockchain, Polygon allows each sidechain on its network to achieve up to 65,536 transactions per block. The sidechains created on Polygon are designed to support DeFI (decentralised finance) protocols on Ethereum.
What is Polygon used for?
MATIC, the cryptocurrency of the Polygon network, is mainly used to secure its proof of stake network through several validators, which receive additional MATIC tokens as a reward for staking their tokens.
#Write2Earn
Binance earn is a feature on Binance exchange that provides you with opportunities to earn passively using crypto tokens. The earn option is different from spot and futures trading as it is a passive investment strategy that solely requires users to deposit or stake tokens into the Binance earn suite.
Here are the products available through Binance earn: flexible, fixed-term, and launch pool asset management.
Are you a long-term crypto hodler? Perhaps you have some idle cryptocurrency in your wallet, and aren’t planning on selling it any time soon? Whatever the case might be, you might be happy to find out that there’s a way to earn even more passive gains on your crypto - one of the most popular ways to do this is with Binance Earn.
It’s no secret that, these days, the industry is full of different crypto earning services. The variety of choice that crypto enthusiasts have is truly staggering! However, even with that being the case, Binance Earn appears to remain the leader in this regard, still!
What does Binance have that other crypto platforms do not? How are the services of this exchange different from, say, other cryptocurrency staking or earning projects? Well, that’s exactly what we’ll explore in the article up ahead!
#Write2Earn
Here are the products available through Binance earn: flexible, fixed-term, and launch pool asset management.
Are you a long-term crypto hodler? Perhaps you have some idle cryptocurrency in your wallet, and aren’t planning on selling it any time soon? Whatever the case might be, you might be happy to find out that there’s a way to earn even more passive gains on your crypto - one of the most popular ways to do this is with Binance Earn.
It’s no secret that, these days, the industry is full of different crypto earning services. The variety of choice that crypto enthusiasts have is truly staggering! However, even with that being the case, Binance Earn appears to remain the leader in this regard, still!
What does Binance have that other crypto platforms do not? How are the services of this exchange different from, say, other cryptocurrency staking or earning projects? Well, that’s exactly what we’ll explore in the article up ahead!
#Write2Earn
$NFP tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade NFPrompt is Binance, where the most active trading pair NFP/USDT has a trading volume of $16,588,457 in the last 24 hours
New Frontier Presents is a leading metaverse company that creates virtual experiences and digital products. With a strong presence in popular metaverse platforms and a commitment to pushing the boundaries of technology, New Frontier Presents aims to transform the way people perceive and interact with reality.
New Frontier Presents is a leading metaverse company that creates virtual experiences and digital products. With a strong presence in popular metaverse platforms and a commitment to pushing the boundaries of technology, New Frontier Presents aims to transform the way people perceive and interact with reality.
#BinanceTreats #TrickOrTreat #BinanceSquare #BinanceTreat
Very brilliant & interesting project at its early stage.I am really excited for this airdrop.Its community is fast growing. This has definitely huge potential.
Very brilliant & interesting project at its early stage.I am really excited for this airdrop.Its community is fast growing. This has definitely huge potential.
#BinanceTreats #HalloweenWithBinance #BinanceSquare #Binance #Halloween2023 #BinanceBixel
Create NFT and Mint And trade with Binance Bixel
Create NFT and Mint And trade with Binance Bixel
Binance Feed is now Binance Square
inance Square, the vibrant and dynamic community within the Binance ecosystem, is a thriving hub where crypto enthusiasts, traders, and content creators converge. The platform offers an incredible opportunity for individuals to connect, engage, and share valuable insights and experiences.1 day ago
#cryptocurrency Great post
Top 15 Launchpads By Raised Amounts in Q3 2023
#Coinlist leads with $8.24M raised during the #Chainflip ICO. #Binance #Launchpad takes second place with a successful Arkham token sale, establishing itself as a leader among IEO and IDO launchpads. The third place belongs to #MultiversX native #xLaunchpad.
#Coinlist leads with $8.24M raised during the #Chainflip ICO. #Binance #Launchpad takes second place with a successful Arkham token sale, establishing itself as a leader among IEO and IDO launchpads. The third place belongs to #MultiversX native #xLaunchpad.
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BinanceBNSOLPYTH
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#BinanceBNSOLPYTH 🚀 BNSOL and PYTH Network Collaboration: A Game-Changer for DeFi! 🚀
Binance has officially launched the first phase of the BNSOL Super Stake program in collaboration with Pyth Network (PYTH). This event, running from December 2 to December 16, 2024, offers users the chance to earn PYTH APR Boost airdrop rewards by holding or staking BNSOL. Here’s how this partnership is poised to impact the DeFi ecosystem:
1️⃣ Increased Demand for BNSOL
By offering additional rewards through the PYTH APR Boost airdrop, this collaboration encourages more users to stake BNSOL, driving up the demand for the token. As staking rewards grow, this could significantly increase BNSOL’s liquidity within the ecosystem.
2️⃣ Enhanced DeFi Experience with Real-World Data
Pyth Network brings real-time, high-quality financial data to the blockchain, which is essential for many DeFi applications like derivatives and lending. With this integration, DeFi protocols can leverage accurate and timely data, improving the performance and reliability of decentralized platforms.
3️⃣ Stronger Network Effect
The more users engage with BNSOL through staking, the more it creates a network effect—fueling both the BNSOL and PYTH ecosystems. As BNSOL holders earn rewards, it incentivizes greater participation, enhancing the overall growth of the DeFi space.
4️⃣ Attracting New Users to DeFi
This collaboration brings new use cases and benefits for stakers, which could attract a larger user base to DeFi, especially those who seek stable, reward-generating assets. As more users engage with the staking program, the project’s reach and adoption can grow exponentially.
Ready to stake your BNSOL and earn PYTH rewards? Don’t miss out on this exciting opportunity—join the BNSOL Super Stake program today and boost your DeFi experience!
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