Coins.ph Trade Desk Reaches P8 Billion in Total Volume: A Milestone in Philippine Crypto Trading
Coins.ph has announced that its Trade Desk platform reached an impressive milestone, surpassing P8 billion in trading volume as of January 2024. This achievement highlights the growing adoption of cryptocurrencies in the Philippines, with increasing demand for institutional trading services. The platform’s ability to facilitate large trades through services like OTC trading and providing expert market insights has made it a crucial player in the region’s evolving crypto ecosystem. (BitPinas)
Bitcoin NFT Sales Overtake Ethereum on Spike in Ordinal-Based Collections
Bitcoin's NFT sales have overtaken Ethereum’s, driven by the rise of Bitcoin Ordinals-based collections like NodeMonkes. This marks a notable shift for Bitcoin, traditionally seen as a store of value rather than a platform for NFTs. NodeMonkes, inspired by the popular Bored Ape Yacht Club, has fueled the surge in sales, drawing attention to Bitcoin’s growing appeal in the NFT market. This trend demonstrates the diversification of the NFT ecosystem beyond Ethereum and the increasing interest in Bitcoin-based NFTs. (Cointelegraph)
Memecoins Thrive as Crypto Market Cap Exceeds $2.5 Trillion
As the total cryptocurrency market cap surpasses $2.5 trillion, memecoins such as $SHIB, $DOGE, and $PEPE are experiencing significant gains. These meme-inspired tokens reflect the growing influence of retail investors in shaping market trends. The surge in their prices is driving the overall market growth, although concerns about the sustainability of their gains persist. This rapid rise in memecoins emphasizes the volatile and speculative nature of the crypto market (BeInCrypto)
Philippines Dominates Airdrop for Web3 Game Pixels
Filipino players have emerged as the dominant participants in the Pixels web3 game’s airdrop campaign, securing a significant share of free NFTs. The overwhelming participation from the Philippines highlights the country's strong engagement with blockchain gaming. This success underscores the potential for Web3 technologies to drive further adoption in the gaming sector, positioning the Philippines as a growing player in the global blockchain gaming community. (BitPinas)
Ethereum Gas Fees Poised to Drop on Layer 2 Solutions
With Ethereum's upcoming Dencun upgrade, gas fees on Layer 2 solutions like Arbitrum, Polygon, and StarkNet are expected to drop significantly. This reduction in fees will improve Ethereum’s scalability and make transactions more affordable. The upgrade aims to optimize the Ethereum ecosystem, addressing concerns over high transaction costs and network congestion. These changes are crucial as Ethereum moves toward the Ethereum 2.0 transition, paving the way for a more efficient and accessible network. (CoinDesk)
Solana Rises as Dogewifhat Emerges as Top Memecoin, Flipping Bonk
Solana is gaining momentum as a leading blockchain network, with Dogewifhat recently surpassing Bonk to become the top memecoin on the network. Dogewifhat, inspired by a popular Doge meme, has seen a massive surge in value, drawing significant attention. This highlights the unpredictable nature of the crypto market, where new projects can quickly outshine established ones, creating waves of excitement and speculation. (Decrypt)
DeFi Total Value Locked (TVL) Surpasses $100 Billion Milestone
The Total Value Locked (TVL) in decentralized finance (DeFi) has surpassed $100 billion, signaling a resurgence in interest and confidence in the DeFi sector. This milestone reflects the growing stability of DeFi protocols, which continue to evolve and attract significant investments despite market fluctuations. The increasing TVL shows that decentralized finance is maturing, with more capital being deployed into innovative and scalable solutions. (The Block)
Arbitrum to Unlock $2 Billion in Tokens, Boosting Network Liquidity
Arbitrum, a Layer 2 Ethereum solution, is set to unlock around $2 billion in tokens in March, boosting the liquidity of its network. This release of tokens, which were previously locked, will provide users with more flexibility to trade and engage in DeFi activities. The unlock is part of Arbitrum’s strategy to expand its ecosystem and solidify its position as a prominent Ethereum scaling solution. (Crypto Briefing)
CryptoPunk Sells for $16 Million, Becoming Second Most Expensive Ever
A CryptoPunk NFT has sold for over $16 million (4,500 ETH), making it the second most expensive CryptoPunk ever sold. The NFT, known as CryptoPunk #9977, is an alien with a medical mask, making it a highly coveted digital collectible. This record-breaking sale highlights the enduring popularity and high value of CryptoPunks, reinforcing their status as premier assets in the NFT market. (The Block)
Major Crypto Gaming Tokens Launched in 2024
Several new crypto gaming tokens such as $PORTAL, $PIXEL, and $XAI have been launched in 2024, marking a milestone in the evolution of the crypto gaming sector. These tokens are further integrating blockchain technologies into the gaming experience, offering new opportunities for both players and developers. The success of these tokens demonstrates the growing popularity of crypto gaming, a space poised to disrupt traditional gaming industries. (Decrypt)
EigenLayer Surpasses Aave in Total Value Locked (TVL) in DeFi Milestone
EigenLayer, a decentralized finance (DeFi) protocol, has surpassed Aave in Total Value Locked (TVL), marking a significant milestone. This achievement reflects EigenLayer's growing appeal in the competitive DeFi sector, where innovative protocols are attracting substantial capital. Surpassing Aave, a well-established DeFi platform, demonstrates EigenLayer’s increasing influence and potential to become a key player in decentralized finance. (Blockworks)
Stacks Network Enhances Security and Capacity with New Signers
The Stacks network, which integrates with Bitcoin for smart contract capabilities, has introduced several new signers to improve security and scalability. These additions will allow the network to process more transactions and support decentralized applications (dApps) more effectively. The enhancement comes at a crucial time, as the demand for DeFi services and blockchain-based applications continues to grow, requiring stronger infrastructure and higher performance. (Crypto Briefing)
Blast Mainnet Launch Unlocks $2.3 Billion in Staked Crypto
Blast has launched its Ethereum Layer 2 mainnet, unlocking $2.3 billion worth of staked crypto assets. This launch is a pivotal moment for Blast, a decentralized protocol designed to improve liquidity for staked assets across multiple blockchains. The mainnet’s debut enhances the flexibility and earning potential for users, contributing to the growth of the DeFi ecosystem and providing new opportunities for staked crypto investors. (Cointelegraph)
