Number of active daily users on Solana exceeds that of Ethereum and Polygon
In an interview, Solana co-founder Anatoly Yakovenko said that Solana (SOL) has about 2 million monthly active users and the number of active daily users on Solana sometimes exceeds that of other smart contract platforms, such as leading altcoin Ethereum (ETH) and layer-2 scaling solution Polygon (MATIC).
Over 500 projects are now building on Cardano as the ADA ecosystem continues to grow
In September 2021, the Cardano (ADA) network had a substantial upgrade that included the implementation of smart contract capabilities, which enabled the network to grow and operate at a quicker rate than it had previously been able to.
There are currently 517 projects being built on ADA as of March 11, including NFT collections, DeFi lending, and new wallets, according to Tim Harrison, the Marketing and Communications Director at Input Output Global, the creators of Cardano. NFT collections account for the largest share of the projects building on Cardano with 34.7%.
Ethereum and Yearn Finance smart contract usage spikes by 100%
One of the most “trending” cryptocurrencies in terms of usage is Yearn Finance token, with a 139% usage increase in the last 24 hours. The second-largest cryptocurrency on the market, Ethereum, also ended up on top with exactly 100% usage growth in the last few hours.
Highlights of the week
$FIO now live in Opera for Android
$FTT inks a deal with Tomorrowland
$DYDX launches beta iOS app for limited users
$IMX valued at $2.5 billion in Temasek-led financing
$FIL establishes a new strategic partnership with Icetea Labs
$AVAX launches Multiverse, an up to $290M Incentive Program
Romanian Central Bank approves $EGLD acquisition of EMI Institution Twispay
Bitcoins (BTC) are exiting exchanges
Whale Alert, a blockchain tracking platform, has detected multiple transactions over the past 24 hours by different BTC whales to move 35,237 Bitcoins worth approximately $1,363,740,000 from Coinbase to anonymous wallets.
The largest recorded transaction amounted to 9,901 BTC (over $387 million).
Polkadot’s Moonbeam reaches 3 million transactions, 200,000 wallets
Moonbeam’s team estimates that its instruments have processed over three million transactions authorized by 200,000 active accounts so far.
Moonbeam’s enthusiasts locked 92 million GLMR tokens into its staking module. At current prices, this sum is equal to $225.4 million. More than 30 projects have already been integrated with Moonbeam. New teams deploy their applications to Moonbeam continuously.
Massive amount of ETH gobbled by whales amid dull price action
On-chain data provider WhaleStats showed that the most recent ETH transaction was that of an FTM whale acquiring 1,796 ETH, or $4,604,203 worth.
Another whale had bought 1,180 ETH, or $3,078,715, as Ethereum appears as one of the top purchased tokens over the last 24 hours.
SURV rises 202.6% after 24h
SURV, the utility token officially operating in the Survival Game Online ecosystem is currently leading the Top Gainers on ONUS with a growth of 202.6% after only 24 hours.
After several days of fluctuating around $0.00459084 – $0.00831135, SURV skyrocketed to $0.04617836, the highest level since February 15. However, with the ATH of $0.0664305, many investors still have high expectations for the potential breakthrough of this token.
Terra’s UST now accepted in retail
JINKOU, a Web3 platform for retail payments, shared the demo video of its terminal accepting Terra USD (UST) stablecoins as a payment method for retail operations.
The easy-to-use payment terminal issues a QR-code that can be scanned by every mobile device with a UST wallet installed. Once the QR-code is scanned, the user can authorize a UST transaction to the merchant.
Fantom (FTM) becomes most traded token among Ethereum whales
According to data from whale tracking service WhaleStats, Fantom (FTM) has recently flipped SHIBA INU (SHIB) to become the most traded token among the largest 1000 whales on the Ethereum blockchain. SHIB remains, however, a top holding for these whales.