Chainlink provides a huge range of decentralized services that stretch far beyond just providing price feeds. The project is now aiming to create all of the infrastructure that blockchains and smart contracts need in order to fulfil their ultimate potential – and their efforts have also captured the attention of the tradfi sector, leading to partnerships with many of the biggest financial institutions in the world. #LINKUSD
$XRP XRP has faced years of price struggles, with long periods of decline over multiple years overshadowing its utility. This lackluster growth led many traders to lose faith, with some dismissing it as a dying asset. Interestingly, despite regulatory challenges and market downturns, the asset remained one of the top-ranking cryptocurrencies by market capitalization throughout this period.
However, recent price rallies have breathed life into XRP. Particularly, this rally has seen the value of XRP grow massively since November 2024
#XRPETFIncoming? XRP is down 3% on Saturday as asset manager Purpose Investments submitted a prospectus with Canada securities regulators to launch a Ripple (XRP) exchange-traded fund (ETF). The firm seeks to beat US companies — as the US Securities & Exchange Commission (SEC) is yet to respond to their filings — to launch the world's first spot XRP ETF.
#OnChainLendingSurge On-chain lending has been experiencing significant growth, driven by increasing demand for decentralized finance (DeFi) services. The total value locked (TVL) in on-chain lending protocols has been rising, with platforms like Aave and Compound leading the charge ¹.
*Key Drivers of the On-Chain Lending Surge:* - _Growing Demand for DeFi_: The DeFi market has been expanding rapidly, with more users seeking decentralized lending and borrowing options. - _Improving Capital Efficiency_: Protocols like Morpho are optimizing capital utilization, allowing for more efficient lending and borrowing ¹. - _Increasing Adoption of Real-World Assets (RWAs)_: The integration of RWAs as collateral is expanding the on-chain lending market, making it more attractive to institutional investors ¹. *Notable On-Chain Lending Platforms:* - _Aave_: A leading DeFi lending protocol with a significant market share - _Compound_: Another prominent lending protocol that has experienced fluctuations in market share
#BitcoinHashRateSurge Bitcoin's hashrate has surged to record highs, reaching an astonishing 667,144,834 terahashes per second (TH/s) on July 26, 2024. This significant milestone enhances the network's security, making it increasingly difficult for malicious actors to execute a 51% attack.
The surge in hashrate is driven by growing competition among Bitcoin miners. As more miners join the network, the difficulty of solving complex cryptographic puzzles increases, necessitating more advanced and efficient mining technology. This drives innovation and improvement in the crypto mining industry.
A higher hashrate generally means increased security, as it becomes more challenging for malicious actors to control the majority of the network's computing power. This is because such attacks require control over the majority of the network's computing power, which becomes harder as the hashrate rises.
In recent months, Bitcoin's hashrate has experienced a significant surge, setting new all-time highs and marking a key milestone in the network's evolution. The Bitcoin hash rate, or the total computing power of the Bitcoin blockchain, has soared to 439 exahashes per second (EH/s)
#ReboundRally Bitcoin's rebound is looking promising, with the cryptocurrency recently bouncing back above $100,000 per coin after US inflation data matched expectations. In fact, Bitcoin's price has been trading around $99,140, with a 1.13% increase in the last 24 hours.
Analysts predict that Bitcoin could rebound to $107,000, citing a technical pattern that suggests a potential price recovery. Additionally, a breakout above $70,000 could improve the crypto sentiment and trigger buying in other cryptocurrencies like ETH, DOGE, LTC, and XMR.
However, it's essential to note that Bitcoin's price is highly volatile, and a breakdown below $90,900 could trigger an 11% correction to $81,100, increasing the odds of a bear market.
*Potential Price Targets:* - _Short-term:_ $100,000 to $115,881 - _Medium-term:_ $107,000 - _Long-term:_ $120,000 to $150,000
Keep in mind that these predictions are based on technical analysis and should not be taken as investment advice. Always do your own research and consider multiple perspectives before making any investment decisions.
$BTC Bitcoin has been navigating an ascending consolidation phase near its critical $108K resistance level, but recently encountered a sharp decline.¹ However, strong support zones suggest a potential bounce back to $100K.
*Current Market Statistics:* - _Price:_ $99,208.00 (1% increase in the last 24 hours)² - _Market Cap:_ $1.94T (0.16% increase in the last 24 hours) - _24-hour Trading Volume:_ $37.98B (27.84% increase in the last 24 hours) - _BTC Dominance:_ 55.06%
Here are the key points on how Mini Dapps can bring creators and developers closer together:
1. Monetization Opportunities for Creators Built-in Blockchain Features: Mini Dapps often feature built-in solutions for creators to monetize their work. This can include features like in-app purchases, NFTs, or decentralized marketplaces. Developers can work with creators to integrate these features seamlessly, thus enabling creators to have a direct financial stake in the digital economy without relying on intermediaries. Revenue Sharing Models: Developers and creators can work together to design mutually beneficial revenue-sharing models. This can create new business models, from tokenized content sales to decentralized crowdfunding campaigns, which draw both creators and developers into a closer partnership. 2. Building Developer Tools for Specific Creative Niches Niche Tools for Creators: Mini Dapps allow developers to create specialized tools for different creative industries (such as art, music, gaming, or video). This targeted approach ensures that creators can get access to the tools they need without feeling overwhelmed by unnecessary features, making them more inclined to interact with developers. Personalization and Customization: Mini Dapps can be highly customizable. Developers can create niche platforms or apps designed specifically for certain types of creators, such as artists seeking to tokenize their work or game developers wanting to implement in-game economies. This personalization strengthens the bond between creators and developers. 3. Community-Focused Development Decentralized Governance: Mini Dapps can integrate decentralized governance systems, allowing both creators and developers to have a say in the direction of the platform. This shared governance structure fosters collaboration and keeps both groups engaged in ongoing development, ensuring that the needs of both sides are considered. Incentive Models: By introducing reward structures (tokens, reputation, or other incentives), Mini Dapps encourage active participation from both developers and creators. When developers receive recognition or rewards for their contributions, and creators are incentivized to engage with the platform, a symbiotic relationship is formed. 4. Improved Community Engagement Social and Collaborative Features: Some Mini Dapps integrate social features like chat, forums, or event spaces, where creators and developers can interact, share ideas, and build partnerships. This leads to a sense of community, where both sides can grow together and support one another. Education and Resource Sharing: Developers can build educational resources directly into Mini Dapps, such as tutorials, knowledge bases, and community-run forums. This helps creators learn more about blockchain technology and how to use decentralized tools effectively. $kaia #Ridethewavekaia