Author: Yeek.io

The meme coin mania helped Solana — also called the Ethereum killer — accumulate a record amount of fees and revenue. The popular proof-of-stake blockchain collected $11.8 million in fees in 24 hours, surpassing Ethereum’s (ETH) $6.32 million, according to data provided by Defi Llama. Solana (SOL) also generate $5.9 million in revenue in the same timeframe, marking a new all-time high, Defi Llama data shows. The layer-1 network is second only to Tether’s $13.3 million revenue over the past day. Notably, Solana’s decentralized finance total value locked has reached $8.35 billion, per Defi Llama. Moreover, Raydium, the largest decentralized…

Sandbox’s SAND has broken out of a multi-year lull amid the protocol’s ecosystem developments and renewed interest from whales. Sandbox (SAND) rose over 40% to hit a 28-month high of $1.06 on Thursday, Dec. 5, bringing its market cap to over $2.27 billion at press time. The recent gains pushed the altcoin up 57% over the past week. The figures become even more striking when viewed over an extended timeframe: SAND has surged by 173.6% in the past two weeks and 303% over the last month. Notably, the rally coincided with a jump in the altcoin’s daily trading volume and…

GameStop and AMC-themed memecoins saw massive spikes after influencer Keith Gill, better known as Roaring Kitty, made a comeback on X. GME (GME), a Solana-based meme coin with no ties to the American video game company, surged over 70% to $0.7672. The rally was accompanied by a 203% hike in its daily trading volume to $51.23 million. GME (Ethereum), a similar meme coin on the Ethereum network, also benefited from Gill’s return, surging over 51% to hit an all-time high of $0.0002487 on Dec. 6. However, it has since dropped 21%, according to CoinGecko data. Meanwhile, AMC, the meme coin…

In recent years, Ethereum Virtual Machine (EVM) networks have gained significant traction. Every day, a growing number of new users join these networks, engaging in numerous transactions. However, this increased activity leads to rising transaction fees, sparking interest in reducing these fees to make Web3 apps more affordable and user-friendly. One promising solution is optimizing the gas execution of smart contracts. By using the right implementation approach, developers can create more efficient smart contracts, thereby reducing gas fees. This optimization not only makes transactions cheaper but also enhances the overall user experience on EVM networks. As these improvements continue, the…

Altcoins are still making waves in the crypto market as Tron (TRX) posted a new all-time high of $0.44. Also in the news is Ripple’s (XRP) 440% surge to $2.64. Both have shown enormous growth and are among the best altcoins. However, one newcomer, DTX Exchange (DTX), is picking up steam. Remaining experts of XRP and TRX, this platform has outstanding potential. DTX Exchange (DTX): A Game-Changer in the Making Amid all the noise about the success of established altcoins such as Tron and Ripple, a newcomer is setting up shop. DTX Exchange (DTX), a Layer 1 Hybrid Blockchain project,…

Ripple and TRON posted over 50% weekly gains and the two altcoins could continue their climb in the altcoin season. As Bitcoin slips under the $100,000 level, it dragged altcoins down with a market-wide correction on Friday.  XRP (XRP) and TRON (TRX) could recover and extend the rally next week, according to on-chain and technical indicators.  Bitcoin erases recent gains, slips under $100,000 Bitcoin’s rally to a new all-time high above the $100,000 milestone, at $104,088 was fueled by consistent institutional capital inflows to Spot BTC ETFs, and pro-crypto developments in the U.S (BTC).  The largest cryptocurrency pulled back shortly…

What is Hashgraph Technology?Hashgraph technology is the foundation of Hedera. Unlike blockchains, which rely on a sequential addition of blocks, hashgraph uses a “gossip-about-gossip” protocol. This means nodes share data with other nodes in the network, creating a web of connections. These interactions are recorded as events, allowing consensus to be reached without the need for energy-intensive mining.This approach makes the network incredibly efficient. Transactions are processed quickly, with thousands of operations per second being achievable. The fairness of this system is another highlight. Instead of prioritizing transactions based on fees, hashgraph ensures that all transactions are treated equally.Key Features…

This blog post discloses a threat against the Ethereum network that was present from the Merge up until the Dencun hard fork. Background Prior to the merge, different message size limits for RPC communication were set to protect clients from denial-of-service (DOS) attacks. These limits, applied to messages received via HTTP endpoints, were carried over to the engine API, which plays a crucial role in connecting Execution and Consensus Layer clients during block production. Due to the engine API’s involvement in block production, it became possible for blocks to be produced that surpassed the RPC size limits of some clients…

Quick take: Sei becomes the 10th chain in Magic Eden’s expanding ecosystem and will add Monad to that list when the layer-1 blockchain launches its testnet. In October, Magic Eden added support for BeraChain and ApeChain, with the two becoming the 8th and 9th supported chains in its ecosystem. Sei blockchain boasts fast transaction processing speeds, comparable to Web2 platforms. Magic Eden has expanded its ecosystem to Sei Blockchain, the non-fungible token marketplace announced via an X post on Wednesday. According to the announcement, the multi-chain NFT platform launches on Sei with an NFT launchpad, a mint terminal and a…

Homepage > News > Business > RBI urges small businesses to adopt UPI, digital payments The Reserve Bank of India (RBI) has suggested micro, small, and medium enterprises (MSMEs) adopt digital payment systems like the Unified Payments Interface (UPI) and online banking to create a digital footprint for financial transactions. This is expected to make it easier for lenders to assess the firm’s financials and reduce the credit gap.  “While regulatory policies and government schemes have played a crucial role in creating an enabling environment for MSMEs, it is equally important for MSMEs to take proactive steps to build trust…