GMT rises 54.17% after 24h, hitting new ATH
GMT, the official governance token in the STEPN ecosystem, has achieved a growth of 105.52% in the past 7 days.
This asset has officially set a new ATH of $1.868, the highest since launching. GMT’s 24h trading volume reached more than 2.01 billion USD. With these achievements, GMT is now leading the Top Gainers and the Top Trending on ONUS.
Cardano on-Chain transaction volumes increase 50 times
According to data from IntoTheBlock, the number of large transactions with volumes exceeding $100,000 jumped by 50 times just in 2022.
Increased demand on the Cardano network was most likely tied to the general growth of the network as its TVL exceeded $300 million, total market capitalization broke through $40 billion and the price hit a two-month high.
Hacker drains $622m from Axie Infinity’s Ronin Ethereum sidechain
Ronin, an Ethereum sidechain developed for the hit NFT game Axie Infinity, has been targeted in a hack that saw an estimated $625 million worth of cryptocurrency drained from its bridge.
The attacker took 173,600 ETH (nearly $597 million) and 25.5 million USDC stablecoin ($25.5 million). After discovering the attack, Sky Mavis has halted the Ronin bridge and Katana DEX to to ensure no further attack vectors remain open. The team is also working with Chainalysis to monitor the stolen funds.
Terra’s LUNA sets new All-Time High following $135 million Bitcoin buy
LUNA, the governance token behind the Terra network, has spiked more than 10% earlier today to reach a new record high of $106.14. The price of LUNA has slightly backtracked since then and is trading around $103.48.
LUNA’s latest price action most likely relates to the news that Luna Foundation Guard (LFG), a Singapore-based non-profit organization supporting the Terra network, recently purchased $135 million worth of Bitcoin to back the UST stablecoin.
First time since November: Bitcoin Fear and Greed Index shows greed as BTC soared
Market sentiment has flipped firmly greedy following Bitcoin’s return to highs from early January. The Crypto Fear & Greed Index (FGI) has now reached 60 – the highest reported number since Bitcoin’s all-time high in November.
On March 28, the 24-hour trading volume of the entire market surpassed $100 billion and is now hovering around $131.9 billion.
Crypto funds see largest inflows since Mid-December
According to a report by CoinShares, fresh investment inflows into crypto funds reached their highest amount in 3 months last week. The reversal came as the price of bitcoin (BTC) rose 14% last week, its biggest weekly gain since last April.
Digital asset investment products saw $193 million in inflows in the 7 days through March 25. Inflows were led by European funds’ $147 million in inflows, with $45 million in inflows coming from American funds.
Arby’s wants to offer virtual food in Metaverse
Arby’s, an Atlanta, Georgia-headquartered fast food sandwich restaurant chain, has filed trademarks with the U.S. Patent and Trademark Office (USPTO) in order to become part of the Metaverse.
Its filings indicate that it plans to offer virtual food and beverage products. The company also intends to operate a virtual restaurant that will feature both virtual and actual goods.
BNB Chain introduces application-specific sidechains
According to a recent report confirmed by a Binance spokesperson, the BNB Chain Application Sidechain (BAS) will enable developers to port data and assets from the blockchain, reducing the network’s limited transaction resources.
These sidechains will also be application-specific, meaning that individual sidechains will focus on specific use cases.
Cardano (ADA) beats Solana and Terra as market capitalization reaches $40 billion
Cardano (ADA) enters seventh place as one of the biggest blockchains in the world with more than $40 billion in total market capitalization.
According to DeFiLIama, Cardano’s total value locked increased from $134 million to $326 million in the last 28 days.