Ethereum increases bug bounty rewards ahead of The Merge
The Ethereum Foundation has literally quadrupled the bug bounty rewards for friendly hackers who would discover any important bugs in the Ethereum code.
So far, the bug bounty program was offering payments up to $250,000 along with a place on Ethereum’s leaderboard for uncovering critical errors. As per a Bloomberg report, the Ethereum Foundation has now increased these bug bounty rewards to more than $1 million.
Uniswap in talks with 7 lending platforms to build ‘NFT financialization’
The decentralized cryptocurrency exchange Uniswap is currently in talks with seven NFT lending protocols to bring about NFT financialization.
Uniswap has been making significant inroads into the NFT space recently, with the company acquiring NFT aggregator Genie in June. Genie allows users to search for and trade NFTs across multiple platforms with the promise of saving customers time and money.
Iconic brands including Nike, Gucci have made $260M off NFT sales
Leading brands including Nike, Gucci, Dolce & Gabbana, Adidas and Tiffany have amassed a combined $260 million worth of sales from NFTs, according to data from Dune Analytics that was first reported by NFTGators.
According to a recent survey by market aggregator CoinGecko, respondents believe the NFT market could be worth more than $800 billion over the next two years.
AEGIS rises 59.6% after 24h
In the last 24h, Stonk League, a new asset listed on the ONUS app on August 22nd, surprised by leading the Top Gainers with a growth of 59.6% and a trading volume of 2.34 million USD.
Whales drop $37.3 million in SHIBA INU, pushing it down to 1.9% of portfolio
According to data shared by WhaleStats on-chain data platform focused on wallets on various chains, over the past several hours, whales’ SHIB bags have become drastically smaller, going down to merely $119.7 million from the previous $157 million. Thus, they have sold a total of 2,836,501,901,140 SHIBA INU.
Now, SHIB has been pushed down to fifth place on the top ten list of whales’ crypto riches. The canine coin now constitutes 1.92% of these investors’ portfolio versus 5.29% earlier today.
Solana projects collaborate to launch cross-chain messaging platform
The alliance of standout platforms built on Solana is working together to advance Web3 messaging by combining development on a new platform.
The product called Open Chat Alliance, was announced on August 23, is developed by more than 27 projects on Solana, most notably the Notifi Network messaging protocol, Bonfida, and communication platform Social Only1.
Dogechain airdrop tokens for users
On August 24, Dogechain, the newly-launched blockchain platform that lets users bridge over Dogecoin, announced that its native token DC will be launched on August 25th and released airdrop details.
According to the official announcement from Dogechain, this blockchain will release the project’s token called DC on August 24th at 8pm, PDT. The initial supply of DC will be 1 trillion, 3% (30 billion) of which will be airdropped to early users.
THORSwap launches cross-chain exchange for Ethereum tokens
In an announcement on Aug. 23, THORSwap integrated the Ethereum aggregator DEX into its platform, allowing users to trade thousands of ERC-20 tokens across 8 layer-1 blockchains easily.
Adding support for these assets, coupled with the total liquidity of DEXs such as Uniswap and Sushiswap, allows users to quickly exchange cryptocurrency assets directly on THORSwap without the need for third-party bridges.
Curve Finance volume plunges more than $4 billion to hit 2022 low
According to data from Dune Analytics, the exchange recorded approximately $8 billion in volume throughout July. This figure was a 48% decrease from June. Curve volume for June was around $15.5 billion.
Despite July’s plunge, Curve saw a 53% increase year-over-year in trading volume from the same period last year. In July 2021, trading volume was in the region of $5.17 billion. Overall, the latest statistic was also a $14.74 billion plunge from the yearly high volume of $22.65 billion in January.
5 newly listed assets on ONUS
$ABBC – a blockchain platform that enables secure payment transactions.
$AEGIS – a platform for simple top-of-the-morning Fantasy Crypto Games.
$FLZ – a web3 entertainment ecosystem providing metaverse content production.
$SEELE – a 100% EVM compatible, high throughput and scalable public full-domain autonomous basic public chain.
$MEV – a blockchain metaverse platform providing a new form of entertainment.