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opBNB MainNet went Live today.
$3.6M worth of BNB has been bridged so far.
Here are some Knowledge and Alpha about OpBNB:
opBNB is built using OP Stack by @optimismFND, opBNB can offer ultra low cost transactions, and higher throughput which is required to create a sustainable ecosystem of web3 games.
◾️ Technical Stack
- Execution Layer: opBNB
- Data Availability Layer: BNB GreenField/Arweave
- Settlement Layer: BNB Chain
◾️ Key Features
- #opBNB is using BNB Greenfield as DA layer to Publish L2 call data, that would help opBNB to reduce cost by Higher margin, and it will also increase throughput.
- opBNB will use BNBChain as settlement layer(Also compatible with other EVM Chains Including ETH).
$3.6M worth of BNB has been bridged so far.
Here are some Knowledge and Alpha about OpBNB:
opBNB is built using OP Stack by @optimismFND, opBNB can offer ultra low cost transactions, and higher throughput which is required to create a sustainable ecosystem of web3 games.
◾️ Technical Stack
- Execution Layer: opBNB
- Data Availability Layer: BNB GreenField/Arweave
- Settlement Layer: BNB Chain
◾️ Key Features
- #opBNB is using BNB Greenfield as DA layer to Publish L2 call data, that would help opBNB to reduce cost by Higher margin, and it will also increase throughput.
- opBNB will use BNBChain as settlement layer(Also compatible with other EVM Chains Including ETH).
Velodrome On Chain Analysis
The Velodrome flywheel is spinning at full speed.
The average demand for $VELO has surged by +92.62% in the last 30 days, primarily attributed to the anticipated Aerodrop token airdrop for veVELO voters.
Detailed Breakdown:
Current Price: $0.11
*We used Onchain Data of Past 30 Days for this analysis.
1/ Supply Metrics
- Supply Inflation: +4.3%
2/ Demand Metrics
- Growth in Collected Fees: +282.6%
- Growth in Total Locked Value: +7.4%
- Growth in DEX Trading Volume: -1.6%
- Growth in Token Incentives: +76.9%
- Growth in Daily Active Users: +97.8%
Average Demand: +92.62%
3/ Price Metrics
- Price Change: +32.29%
4/ Equilibrium
The average demand for $VELO is significantly higher compared to its price change over the past 30 days. This factor contributes to its potential as an undervalued asset.
Disclaimer: Supply and demand dashboard is an experimental on-chain data model, you can't make any investment decision based on that. Use this analysis for educational purpose only, you can surely lose money if you invest based on this analysis.
The average demand for $VELO has surged by +92.62% in the last 30 days, primarily attributed to the anticipated Aerodrop token airdrop for veVELO voters.
Detailed Breakdown:
Current Price: $0.11
*We used Onchain Data of Past 30 Days for this analysis.
1/ Supply Metrics
- Supply Inflation: +4.3%
2/ Demand Metrics
- Growth in Collected Fees: +282.6%
- Growth in Total Locked Value: +7.4%
- Growth in DEX Trading Volume: -1.6%
- Growth in Token Incentives: +76.9%
- Growth in Daily Active Users: +97.8%
Average Demand: +92.62%
3/ Price Metrics
- Price Change: +32.29%
4/ Equilibrium
The average demand for $VELO is significantly higher compared to its price change over the past 30 days. This factor contributes to its potential as an undervalued asset.
Disclaimer: Supply and demand dashboard is an experimental on-chain data model, you can't make any investment decision based on that. Use this analysis for educational purpose only, you can surely lose money if you invest based on this analysis.
PayPal announced on Wednesday that it is pausing crypto purchases for its UK customers. The company said that the decision was made in order to "navigate the changing regulatory landscape" in the UK.
PayPal first launched crypto buying and selling in the UK in October 2020. The service allowed UK customers to buy and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. However, PayPal said that it will continue to allow UK customers to hold and transfer crypto in their PayPal accounts.
The decision to pause crypto purchases in the UK comes as PayPal is facing increased scrutiny from regulators around the world. In the US, the Securities and Exchange Commission (SEC) is reportedly investigating PayPal's crypto trading platform. And in the UK, the Financial Conduct Authority (FCA) has warned that crypto is a "high-risk investment"
PayPal first launched crypto buying and selling in the UK in October 2020. The service allowed UK customers to buy and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. However, PayPal said that it will continue to allow UK customers to hold and transfer crypto in their PayPal accounts.
The decision to pause crypto purchases in the UK comes as PayPal is facing increased scrutiny from regulators around the world. In the US, the Securities and Exchange Commission (SEC) is reportedly investigating PayPal's crypto trading platform. And in the UK, the Financial Conduct Authority (FCA) has warned that crypto is a "high-risk investment"
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