Binance Square

tradingvolume

68,546 views
228 Discussing
FamicryptoRader
--
The Great Shift is Here: On-Chain is Eating the World The numbers are in, and they tell a story of a seismic shift. According to The Kobeissi Letter, Solana's on-chain spot trading volume hit $1.6 trillion in 2025. Let that sink in. That monumental figure has officially surpassed every major centralized exchange except Binance. Dive deeper with data from JupiterExchange: 📈 Solana’s share of total trading volume skyrocketed from ~1% in 2022 to 12% in 2025. 📈 In that same period, its total volume has overtaken giants like all main exchange 💱 The counterpart to this narrative? Binance’s market share has adjusted from ~80% in 2022 to ~55% today. The Takeaway? This isn't just about one chain outperforming some CEXs. This is a macro trend: Cryptocurrency activity is migrating on-chain at a breathtaking pace. Why? Speed, lower costs, transparent settlement, and composable DeFi. The user experience gap is closing, and the appeal of self-custody and seamless interoperability is winning. The era where centralized order books were the sole gatekeepers of volume is evolving. We are witnessing the rise of the liquid, on-chain economy. What does this mean for you? The landscape is becoming more decentralized, competitive, and innovative. Whether you're a trader, builder, or simply an observer, the action is increasingly happening on-chain. DYOR No Financial advice! #Solana #OnChain #DeFi #TradingVolume #Blockchain $SOL {spot}(SOLUSDT)
The Great Shift is Here: On-Chain is Eating the World
The numbers are in, and they tell a story of a seismic shift.
According to The Kobeissi Letter, Solana's on-chain spot trading volume hit $1.6 trillion in 2025. Let that sink in. That monumental figure has officially surpassed every major centralized exchange except Binance.
Dive deeper with data from JupiterExchange:
📈 Solana’s share of total trading volume skyrocketed from ~1% in 2022 to 12% in 2025.
📈 In that same period, its total volume has overtaken giants like all main exchange 💱
The counterpart to this narrative?
Binance’s market share has adjusted from ~80% in 2022 to ~55% today.
The Takeaway?
This isn't just about one chain outperforming some CEXs. This is a macro trend:
Cryptocurrency activity is migrating on-chain at a breathtaking pace.
Why? Speed, lower costs, transparent settlement, and composable DeFi. The user experience gap is closing, and the appeal of self-custody and seamless interoperability is winning.
The era where centralized order books were the sole gatekeepers of volume is evolving. We are witnessing the rise of the liquid, on-chain economy.
What does this mean for you?
The landscape is becoming more decentralized, competitive, and innovative. Whether you're a trader, builder, or simply an observer, the action is increasingly happening on-chain.
DYOR No Financial advice!
#Solana #OnChain #DeFi #TradingVolume #Blockchain
$SOL
See original
SUI Network's Unprecedented Surge in Transactions 📊 ​$SUI Currently, nearly 50% of its total locked assets are being processed as daily trading volume! This is an extremely powerful statistic that proves that the @Sui ecosystem is now much more active and vibrant than before 🌊. This market movement indicates a significant change ahead. $BROCCOLI714 and $BONK This is also an important update for holders ​#SuiNetwork #CryptoNews #tradingvolume
SUI Network's Unprecedented Surge in Transactions 📊
$SUI Currently, nearly 50% of its total locked assets are being processed as daily trading volume! This is an extremely powerful statistic
that proves that the @Sui ecosystem is now much more active and vibrant than before 🌊. This market movement indicates a significant change ahead. $BROCCOLI714 and $BONK This is also an important update for holders
#SuiNetwork #CryptoNews #tradingvolume
See original
December Decline: Trading Volumes on Crypto Exchanges Hit 15-Month Low.December 2025 proved to be quite lethargic for the crypto market. The total trading volume on centralized crypto exchanges fell to its lowest level in the last 15 months, reaching $1.09 trillion. This is a significant decrease compared to the peak values in November, when volumes exceeded $1.5 trillion.

December Decline: Trading Volumes on Crypto Exchanges Hit 15-Month Low.

December 2025 proved to be quite lethargic for the crypto market. The total trading volume on centralized crypto exchanges fell to its lowest level in the last 15 months, reaching $1.09 trillion. This is a significant decrease compared to the peak values in November, when volumes exceeded $1.5 trillion.
--
Bullish
Ao, I am now eligible for Binance’s #FuturesMastersArena campaign. . This is my first time on #Binance Futures Masters Arena. . My rule is simple, I will analyse the system and if I found it good or great then I will come with a million dollar #TradingVolume .
Ao, I am now eligible for Binance’s #FuturesMastersArena campaign.
.
This is my first time on #Binance Futures Masters Arena.
.
My rule is simple, I will analyse the system and if I found it good or great then I will come with a million dollar #TradingVolume .
📊 Market Insight | Santiment Data Over the last 2 weeks of 2024, #ETH and major altcoins like #SOL, #ADA & #DOGE saw a strong spike in trading volume. ⚠️ Fast forward to this year: ➡️ Weekly trading volume is less than 50% of last year’s levels. 🔎 What does this signal? • Cooling market activity • Possible accumulation phase • Volatility expansion ahead? Smart money watches volume before price 👀 Are we near a major move? 🤔 #Crypto #altcoins #MarketData #tradingvolume #BinanceSquare $ETH {spot}(ETHUSDT) $SOL {spot}(SOLUSDT) $DOGE {spot}(DOGEUSDT)
📊 Market Insight | Santiment Data

Over the last 2 weeks of 2024, #ETH and major altcoins like #SOL, #ADA & #DOGE saw a strong spike in trading volume.

⚠️ Fast forward to this year:
➡️ Weekly trading volume is less than 50% of last year’s levels.

🔎 What does this signal?
• Cooling market activity
• Possible accumulation phase
• Volatility expansion ahead?

Smart money watches volume before price 👀

Are we near a major move? 🤔
#Crypto #altcoins #MarketData #tradingvolume #BinanceSquare
$ETH
$SOL
$DOGE
🚨 **Solana Trading Volume Takes a Hit Amid Quiet Market** Market sentiment remains subdued as **Solana ($SOL)** records a sharp **22% drop** in 24-hour trading volume — the steepest decline among top market-cap cryptocurrencies. While prices across the broader crypto market have stayed relatively stable, this pullback highlights reduced trader participation rather than outright selling pressure. Solana, known for its high liquidity and vibrant ecosystem of DeFi, NFTs, and dApps, is seeing speculative activity cool off after recent highs. Analysts note that short-term volume fluctuations like this are common during holiday periods and low-volatility phases. Long-term fundamentals — including ongoing network upgrades and strong on-chain adoption — remain intact. Is this a buying opportunity or a sign of caution? What's your take on $SOL heading into the new year? 👇 #Solana #SOL #CryptoMarket #TradingVolume #AmeerGro $SOL {spot}(SOLUSDT)
🚨 **Solana Trading Volume Takes a Hit Amid Quiet Market**

Market sentiment remains subdued as **Solana ($SOL )** records a sharp **22% drop** in 24-hour trading volume — the steepest decline among top market-cap cryptocurrencies.

While prices across the broader crypto market have stayed relatively stable, this pullback highlights reduced trader participation rather than outright selling pressure. Solana, known for its high liquidity and vibrant ecosystem of DeFi, NFTs, and dApps, is seeing speculative activity cool off after recent highs.

Analysts note that short-term volume fluctuations like this are common during holiday periods and low-volatility phases. Long-term fundamentals — including ongoing network upgrades and strong on-chain adoption — remain intact.

Is this a buying opportunity or a sign of caution? What's your take on $SOL heading into the new year? 👇

#Solana #SOL #CryptoMarket
#TradingVolume #AmeerGro
$SOL
Why TOWNS Is Moving Higher Today 📈 $TOWNS is showing a steady price increase today, supported mainly by a sharp rise in trading volume and renewed short-term interest from traders. The 24-hour volume has surged by more than 300%, indicating a strong influx of liquidity and speculative activity. When trading volume expands faster than market capitalization, it usually reflects momentum-driven buying rather than long-term fundamental shifts. Another contributing factor is TOWNS’s supply structure. With around 2.3 billion tokens currently in circulation and a much larger total supply, the market still has room to absorb demand without immediate saturation. This allows price movements to respond more quickly to changes in sentiment. The relatively high holder count also suggests broad community participation, which can help support price stability during volatile periods. In addition, broader market conditions appear favorable for small- and mid-cap tokens, as traders rotate capital in search of higher potential returns. TOWNS may be benefiting from this rotation, drawing attention due to its liquidity and accessibility. While today’s price action is positive, it is largely driven by volume and short-term sentiment. As a result, price swings may continue, and traders should remain cautious as the market adjusts to recent gains. #TOWNS #CryptoUpdate #AltcoinMomentum #TradingVolume #Web3
Why TOWNS Is Moving Higher Today 📈

$TOWNS is showing a steady price increase today, supported mainly by a sharp rise in trading volume and renewed short-term interest from traders. The 24-hour volume has surged by more than 300%, indicating a strong influx of liquidity and speculative activity. When trading volume expands faster than market capitalization, it usually reflects momentum-driven buying rather than long-term fundamental shifts.

Another contributing factor is TOWNS’s supply structure. With around 2.3 billion tokens currently in circulation and a much larger total supply, the market still has room to absorb demand without immediate saturation. This allows price movements to respond more quickly to changes in sentiment. The relatively high holder count also suggests broad community participation, which can help support price stability during volatile periods.

In addition, broader market conditions appear favorable for small- and mid-cap tokens, as traders rotate capital in search of higher potential returns. TOWNS may be benefiting from this rotation, drawing attention due to its liquidity and accessibility. While today’s price action is positive, it is largely driven by volume and short-term sentiment. As a result, price swings may continue, and traders should remain cautious as the market adjusts to recent gains.

#TOWNS #CryptoUpdate #AltcoinMomentum #TradingVolume #Web3
Why ELIZAOS Is Rallying Strongly Today 📈 $ELIZAOS is posting an impressive gain today, largely fueled by a surge in trading activity and renewed interest from traders. The 24-hour trading volume has jumped more than 300%, a strong signal that fresh capital is flowing into the token rather than just short-term churn. When volume expands at this pace relative to market capitalization, it often reflects growing momentum and rising speculative demand. Another important factor supporting the move is ELIZAOS’s supply structure. With a significant portion of the total supply already in circulation, the market faces lower risk of sudden unlock-related selling pressure. This can improve confidence among traders, especially during periods of heightened volatility. The increase in the number of holders also suggests that participation is broadening, reinforcing bullish sentiment rather than a move driven by only a few large wallets. In addition, broader crypto market conditions appear favorable for mid-cap and narrative-driven projects, encouraging capital rotation into tokens like ELIZAOS. Traders seeking higher volatility opportunities may be contributing to the rally. While today’s price action is strong, it is primarily momentum-driven, meaning short-term pullbacks are possible as the market digests recent gains. #ELIZAOS #AltcoinRally #CryptoMomentum #MarketUpdate #TradingVolume
Why ELIZAOS Is Rallying Strongly Today 📈

$ELIZAOS is posting an impressive gain today, largely fueled by a surge in trading activity and renewed interest from traders. The 24-hour trading volume has jumped more than 300%, a strong signal that fresh capital is flowing into the token rather than just short-term churn. When volume expands at this pace relative to market capitalization, it often reflects growing momentum and rising speculative demand.

Another important factor supporting the move is ELIZAOS’s supply structure. With a significant portion of the total supply already in circulation, the market faces lower risk of sudden unlock-related selling pressure. This can improve confidence among traders, especially during periods of heightened volatility. The increase in the number of holders also suggests that participation is broadening, reinforcing bullish sentiment rather than a move driven by only a few large wallets.

In addition, broader crypto market conditions appear favorable for mid-cap and narrative-driven projects, encouraging capital rotation into tokens like ELIZAOS. Traders seeking higher volatility opportunities may be contributing to the rally. While today’s price action is strong, it is primarily momentum-driven, meaning short-term pullbacks are possible as the market digests recent gains.

#ELIZAOS #AltcoinRally #CryptoMomentum #MarketUpdate #TradingVolume
Why RLS Is Trading Higher Today 📈 $RLS is posting a modest price increase today, and the main driver behind the move is a surge in trading activity relative to its size. The 24-hour trading volume is extremely high compared to its market cap, with the volume-to-market-cap ratio exceeding 2000%. This often signals heightened trader interest, short-term speculation, and strong liquidity flowing into the token. Another contributing factor is RLS’s circulating supply structure. Only 1.5 billion tokens are currently circulating out of a total supply of 10 billion. This limited circulating supply can magnify price movements when demand rises, even slightly, as fewer tokens are readily available on the market. Increased volume combined with constrained supply tends to support upward price action. The growing holder count also reflects steady expansion in community participation, which can reinforce positive sentiment. Additionally, traders may be rotating capital into mid-cap tokens like RLS that offer volatility without extremely low liquidity risks. While the price gain is relatively small today, the underlying volume suggests active accumulation and short-term momentum. However, given the speculative nature of the move, continued volatility should be expected. #RLS #AltcoinUpdate #CryptoMomentum #TradingVolume #CryptoMarket
Why RLS Is Trading Higher Today 📈

$RLS is posting a modest price increase today, and the main driver behind the move is a surge in trading activity relative to its size. The 24-hour trading volume is extremely high compared to its market cap, with the volume-to-market-cap ratio exceeding 2000%. This often signals heightened trader interest, short-term speculation, and strong liquidity flowing into the token.

Another contributing factor is RLS’s circulating supply structure. Only 1.5 billion tokens are currently circulating out of a total supply of 10 billion. This limited circulating supply can magnify price movements when demand rises, even slightly, as fewer tokens are readily available on the market. Increased volume combined with constrained supply tends to support upward price action.

The growing holder count also reflects steady expansion in community participation, which can reinforce positive sentiment. Additionally, traders may be rotating capital into mid-cap tokens like RLS that offer volatility without extremely low liquidity risks. While the price gain is relatively small today, the underlying volume suggests active accumulation and short-term momentum. However, given the speculative nature of the move, continued volatility should be expected.

#RLS #AltcoinUpdate #CryptoMomentum #TradingVolume #CryptoMarket
Why TokenFi (TOKEN) Is Surging Today 🚀 TokenFi $TOKEN is experiencing an explosive price increase today, driven mainly by an extraordinary surge in trading activity. The 24-hour trading volume has jumped by more than 2500%, massively exceeding its market cap. This kind of volume-to-market-cap ratio usually signals intense speculative interest, rapid capital inflows, and strong short-term momentum from traders seeking high-volatility opportunities. Another major factor is TOKEN’s circulating supply. Only 1 billion tokens are currently in circulation out of a total and maximum supply of 10 billion. This limited circulating supply creates lower liquidity, allowing sudden buying pressure to move the price sharply upward. As demand increases, price impact becomes more aggressive, especially during hype-driven rallies. The growing holder count also suggests expanding awareness and broader participation, reinforcing bullish sentiment. In addition, favorable overall crypto market conditions and capital rotation into small- and mid-cap tokens are amplifying the move. Traders often target assets like TOKEN during momentum phases due to their potential for rapid gains. While the rally is impressive, it is largely volume- and sentiment-driven, meaning volatility may remain high. Investors should remain cautious, as sharp pullbacks often follow parabolic moves. Visit- cryptodisplay.io #TokenFi #TOKEN #AltcoinSeason #CryptoTrends #TradingVolume
Why TokenFi (TOKEN) Is Surging Today 🚀

TokenFi $TOKEN is experiencing an explosive price increase today, driven mainly by an extraordinary surge in trading activity. The 24-hour trading volume has jumped by more than 2500%, massively exceeding its market cap. This kind of volume-to-market-cap ratio usually signals intense speculative interest, rapid capital inflows, and strong short-term momentum from traders seeking high-volatility opportunities.

Another major factor is TOKEN’s circulating supply. Only 1 billion tokens are currently in circulation out of a total and maximum supply of 10 billion. This limited circulating supply creates lower liquidity, allowing sudden buying pressure to move the price sharply upward. As demand increases, price impact becomes more aggressive, especially during hype-driven rallies.

The growing holder count also suggests expanding awareness and broader participation, reinforcing bullish sentiment. In addition, favorable overall crypto market conditions and capital rotation into small- and mid-cap tokens are amplifying the move. Traders often target assets like TOKEN during momentum phases due to their potential for rapid gains.

While the rally is impressive, it is largely volume- and sentiment-driven, meaning volatility may remain high. Investors should remain cautious, as sharp pullbacks often follow parabolic moves.

Visit- cryptodisplay.io

#TokenFi #TOKEN #AltcoinSeason #CryptoTrends #TradingVolume
Why ZBT’s Price Is Surging Today 📈 $ZBT is experiencing a strong upward move today, largely driven by a surge in trading volume and heightened market attention. The 24-hour trading volume has increased by over 240%, indicating intense buying pressure and active short-term trading. When volume grows faster than market cap, it often signals speculative momentum, which is clearly reflected in ZBT’s sharp price jump. Another key factor is ZBT’s circulating supply. With only 220 million tokens circulating out of a total 1 billion supply, the token has relatively low liquidity. This makes the price more sensitive to demand spikes, allowing buyers to push prices up quickly. The growing number of holders also points to expanding interest, suggesting that more investors are entering the ecosystem rather than exiting. Additionally, broader crypto market sentiment appears supportive, with traders rotating capital into mid-cap and high-volatility assets in search of short-term gains. This rotation can significantly amplify price movements for tokens like ZBT. While today’s rally is impressive, it is largely driven by momentum and volume, meaning price swings may remain volatile in the near term. Visit-  cryptopresalenews.com #ZBT #CryptoNews #AltcoinMomentum #CryptoMarket #TradingVolume
Why ZBT’s Price Is Surging Today 📈

$ZBT is experiencing a strong upward move today, largely driven by a surge in trading volume and heightened market attention. The 24-hour trading volume has increased by over 240%, indicating intense buying pressure and active short-term trading. When volume grows faster than market cap, it often signals speculative momentum, which is clearly reflected in ZBT’s sharp price jump.

Another key factor is ZBT’s circulating supply. With only 220 million tokens circulating out of a total 1 billion supply, the token has relatively low liquidity. This makes the price more sensitive to demand spikes, allowing buyers to push prices up quickly. The growing number of holders also points to expanding interest, suggesting that more investors are entering the ecosystem rather than exiting.

Additionally, broader crypto market sentiment appears supportive, with traders rotating capital into mid-cap and high-volatility assets in search of short-term gains. This rotation can significantly amplify price movements for tokens like ZBT. While today’s rally is impressive, it is largely driven by momentum and volume, meaning price swings may remain volatile in the near term.

Visit-  cryptopresalenews.com
#ZBT #CryptoNews #AltcoinMomentum #CryptoMarket #TradingVolume
See original
The trading volume on $TAKE exceeds 248 million USDT! 🤯 The liquidity is massive and interest in the currency is at its peak. Bulls are trying to take control of the trend again. 🐂🔥 #TradingVolume #bullish
The trading volume on $TAKE exceeds 248 million USDT! 🤯 The liquidity is massive and interest in the currency is at its peak. Bulls are trying to take control of the trend again. 🐂🔥 #TradingVolume #bullish
🚨 CRYPTO TRADING VOLUME COLLAPSE BTC and ETH trading volumes have dropped by nearly 70% over the last 24 hours, with most top altcoins showing similar declines. This sharp contraction signals reduced participation and lower liquidity across the market. Such conditions often lead to choppy price action, slower follow-through on breakouts, and higher risk of sudden volatility spikes once activity returns. Caution and tighter risk management are advised until volume recovers. #Bitcoin #Ethereum #CryptoMarket #TradingVolume #MarketUpdate $BTC {spot}(BTCUSDT) $SOL {spot}(SOLUSDT)
🚨 CRYPTO TRADING VOLUME COLLAPSE

BTC and ETH trading volumes have dropped by nearly 70% over the last 24 hours, with most top altcoins showing similar declines. This sharp contraction signals reduced participation and lower liquidity across the market.

Such conditions often lead to choppy price action, slower follow-through on breakouts, and higher risk of sudden volatility spikes once activity returns. Caution and tighter risk management are advised until volume recovers.

#Bitcoin #Ethereum #CryptoMarket #TradingVolume #MarketUpdate

$BTC
$SOL
$BTC Bitcoin is currently caught in a high-stakes consolidation phase, squeezed between critical support at $86,500 and heavy psychological resistance at $90,000. As we head into the final days of 2025, the market is showing signs of compressed volatility. While the RSI remains neutral, the volume indicators suggest that a decisive move is brewing. A clean break above $90,000 could reignite the bullish narrative toward year-end, but failure to hold the $86,500 floor may lead to a deeper retest of lower liquidity zones. Traders should stay nimble as the "Year-End Reset" brings increased liquidations and sharp price swings. #Bitcoin #BTC #CryptoAnalysis #CryptoNews #tradingvolume #Bitcoinprice #Investing2025 $BTC {spot}(BTCUSDT)
$BTC Bitcoin is currently caught in a high-stakes consolidation phase, squeezed between critical support at $86,500 and heavy psychological resistance at $90,000. As we head into the final days of 2025, the market is showing signs of compressed volatility.
While the RSI remains neutral, the volume indicators suggest that a decisive move is brewing. A clean break above $90,000 could reignite the bullish narrative toward year-end, but failure to hold the $86,500 floor may lead to a deeper retest of lower liquidity zones. Traders should stay nimble as the "Year-End Reset" brings increased liquidations and sharp price swings.
#Bitcoin #BTC #CryptoAnalysis #CryptoNews #tradingvolume #Bitcoinprice #Investing2025
$BTC
--
Bearish
☠️ WARNING ☠️ DO NOT fall for spikes on $BEAT They are finally kicks while the #TradingVolume is dwindling day by day... The only way to recover your losses or make profits is using a #short #TradingBot
☠️ WARNING ☠️
DO NOT fall for spikes on $BEAT
They are finally kicks while the #TradingVolume is dwindling day by day... The only way to recover your losses or make profits is using a #short #TradingBot
--
Bullish
See original
📊 The cryptocurrency derivatives market achieves record numbers in 2025 Crypto derivatives trading volumes recorded a historic leap during 2025, reaching $85.7 trillion, with an average daily trading volume of $264.5 billion, according to CoinGlass data. Notably, the Binance platform maintained its dominance in the market, capturing nearly 30% of the global share, reflecting traders' high confidence in the infrastructure and liquidity it provides. This strong growth confirms the increasing interest of institutions and professional traders in the derivatives market, indicating greater maturity in the crypto market and its transition to a more professional stage with a significant impact on global financial markets. #CryptoDerivatives #Binance #coinglass #CryptoMarket #TradingVolume {spot}(BTCUSDT)
📊 The cryptocurrency derivatives market achieves record numbers in 2025
Crypto derivatives trading volumes recorded a historic leap during 2025, reaching $85.7 trillion, with an average daily trading volume of $264.5 billion, according to CoinGlass data.
Notably, the Binance platform maintained its dominance in the market, capturing nearly 30% of the global share, reflecting traders' high confidence in the infrastructure and liquidity it provides.
This strong growth confirms the increasing interest of institutions and professional traders in the derivatives market, indicating greater maturity in the crypto market and its transition to a more professional stage with a significant impact on global financial markets.

#CryptoDerivatives #Binance #coinglass #CryptoMarket #TradingVolume
🌖 Terra Luna Classic Community Greenlights ProposalThe Terra proposal dubbed 12141 and titled “Dealing with #CoinMarketCap   and other listings” seeks the community’s approval to gain access to TerraForm Lab’s listed #TerraClassic   on cryptocurrency aggregators like CoinMarketCap the world’s most trusted and accurate source for crypto market capitalizations. These platforms display key information about crypto assets, such as price data, #tradingvolume , and links to official websites, which are vital for the visibility and reputation of the token. Despite TFL’s bankruptcy, it is still the sole entity that has the ability to log in and control these important management systems. No one else can access or update them without these “keys.” Notably, network validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First $LUNC {spot}(LUNCUSDT) were first to vote “Yes” with 99.95% votes in favor. Allnodes, a node hosting, and validator service has volunteered to temporarily take responsibility for managing access to these dashboards and any related agreements. As a custodian, Allnodes will safeguard and oversee these access rights until the TerraClassic governance decides on a long-term solution. In other developments in the Terra ecosystem, OrbitLabs a cutting-edge blockchain development team that offers comprehensive solutions for both on-chain and cross-chain decentralized applications, submitted a proposal to the Terra Luna Classic Ecosystem. The primary goal of the proposal is to remove forked modules in the network’s standard upstream modules that have caused the Terra Classic codebase to move further away from the original or “upstream” version. This has increased divergence, driving up maintenance costs because it requires more effort to manage and support the differing codebases. The Singapore-based company filed for Chapter 11 bankruptcy in Delaware following the collapse of its algorithmic stablecoin UST and its companion cryptocurrency $LUNA {spot}(LUNAUSDT) , which precipitated a market implosion wiping out around $40 billion in value last year. As part of the bankruptcy process, the company may be forced to wind down its operations leading to the closure of its products and services such as the Alliance Hub, Mantlemint, FCD, and API services. If no third parties take them over, the company will shut down on October 30. #LUNC✅   trades at $0.00009238, gaining 0.99% in the last 24 hours as its trading volume surged 73.14% while its market cap stands at $526 million. #BinanceBlockchainWeek

🌖 Terra Luna Classic Community Greenlights Proposal

The Terra proposal dubbed 12141 and titled “Dealing with #CoinMarketCap   and other listings” seeks the community’s approval to gain access to TerraForm Lab’s listed #TerraClassic   on cryptocurrency aggregators like CoinMarketCap the world’s most trusted and accurate source for crypto market capitalizations.

These platforms display key information about crypto assets, such as price data, #tradingvolume , and links to official websites, which are vital for the visibility and reputation of the token. Despite TFL’s bankruptcy, it is still the sole entity that has the ability to log in and control these important management systems. No one else can access or update them without these “keys.” Notably, network validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First $LUNC
were first to vote “Yes” with 99.95% votes in favor.

Allnodes, a node hosting, and validator service has volunteered to temporarily take responsibility for managing access to these dashboards and any related agreements. As a custodian, Allnodes will safeguard and oversee these access rights until the TerraClassic governance decides on a long-term solution.

In other developments in the Terra ecosystem, OrbitLabs a cutting-edge blockchain development team that offers comprehensive solutions for both on-chain and cross-chain decentralized applications, submitted a proposal to the Terra Luna Classic Ecosystem. The primary goal of the proposal is to remove forked modules in the network’s standard upstream modules that have caused the Terra Classic codebase to move further away from the original or “upstream” version. This has increased divergence, driving up maintenance costs because it requires more effort to manage and support the differing codebases.

The Singapore-based company filed for Chapter 11 bankruptcy in Delaware following the collapse of its algorithmic stablecoin UST and its companion cryptocurrency $LUNA
, which precipitated a market implosion wiping out around $40 billion in value last year.

As part of the bankruptcy process, the company may be forced to wind down its operations leading to the closure of its products and services such as the Alliance Hub, Mantlemint, FCD, and API services. If no third parties take them over, the company will shut down on October 30. #LUNC✅   trades at $0.00009238, gaining 0.99% in the last 24 hours as its trading volume surged 73.14% while its market cap stands at $526 million.
#BinanceBlockchainWeek
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number