190 million SHIBA INU burned within 24 hours
According to Shibburn, in the past 24 hours, almost 190 million SHIBA INU tokens has been taken out of the circulating supply.
In the meantime, the second biggest canine crypto, ranked 14 by CoinMarketCap, has shown a seven-percent rise today, printing a big green candle on an hourly chart.
SHIBA INU loses over 30,000 holders in a single day as interest in SHIB wanes
Between March 16 and March 17, the number went from 1,199,453 to 1,166,621 – a 2.74% drop, according to CoinMarketCap data acquired by Finbold on March 18.
Earlier in March, Finbold reported that the number of on-chain transactions of the SHIBA INU token was on a downward pattern for the fourth month in a row. Between January and February 2022, this number had gone down from 283,268 to 257,003, or by 9.27%.
Nearly 600,000 ApeCoin grabbed by top Ethereum whales
WhaleStats reports that in two separate transactions by two top Ethereum whales, 600,000 ApeCoins, or nearly 8.4 million worth, have been bought in recent hours.
ApeCoin is currently trading at $11.68 with a trading volume of $2.8 billion.
Fantom sees 4,200% growth in smart contract deployment
Fantom (FTM), a layer 1 blockchain platform that powers decentralized finance (DeFi) applications, reports a 4,200% increase in smart contracts deployment since February 2021.
The number of deployed verified contracts rose from 111 recorded in February 2021 to 4,677 in February of this year, representing a 42x increment.
Highlights of the week
$HNT launches new Roaming Services
DeFi platform $AAVE launches version 3v
Dopamine announces integrating with $FIO
$ETH merged successfully on Kiln testnet
$XLM forms $30M fund for blockchain startups
$INJ partners with Axelar to integrate new EVM blockchains
$MINA raise $92 million from Three Arrows, FTX and others
$ENJ launches Polkadot parachain for NFTs and Gaming
Blockchain gamers see playing NFT games as a potential full-time job
Despite the fall of nonfungible token (NFT) prices, play-to-earn NFT gaming carries on as more people see it as a potential way to make a living.
In a survey conducted in the Philippines, 32% of the respondents said they would quit or consider quitting if NFT games allowed them to go full-time. Many are ready to quit their other jobs to play NFT games instead, as they could potentially be earning the same, if not more from playing NFT games.
Injective Labs partners with Axelar to integrate new EVM blockchains
This partnership will involve the Inter Blockchain Communication (IBC) integration of the Axelar blockchain alongside a listing of AXL spot markets once the token goes live for trading.
In addition, the respective communities will explore connecting Injective Bridge to the Axelar network, in order to enable transfers of assets from EVM chains, such as Avalanche and Polygon.
AAVE spikes by 30% this week as whales accumulated 70,000 tokens
As data from Santiment suggests, sharks and whales have collectively accumulated 70,000 AAVE in the past 2 months, worth $10.7 million. AAVE has jumped 7% in the past 24 hours, and 30% in the past week.
Stellar Development Foundation forms $30 million fund for blockchain startups
The Stellar Development Foundation (SDF), a non-profit organization founded to support the development and growth of the open-source Stellar network, has established a new $30 million Matching Fund to provide more early-stage firms access to funding.
SDF is seeking to invest in pre-seed and Series B firms interested in using the Stellar blockchain. The four projects include Trace Finance, Bitwage, Afriex, and FanVestor. The funds also focused on NFTs and cross-border remittance solutions.
Ripple commits 1 billion XRP to grants program
Ripple (XRP), the enterprise payment technology company, plans to give out 1 billion XRP in grants for developers. The newly announced grant is an extension of the company’s XRPL Grants program, which was launched in 2021.
The developer grant would be focused on encouraging open-source projects on the XRP ledger built for enterprise remittance assistance.