Ethereum vs Polygon for Web3 Gaming: Which Blockchain is Better for NFT Gaming Platform?
Web3 gaming has been steadily growing in popularity, and as a result, the blockchain industry has also experienced growth in recent years.
What Is Maximal Extractable Value (MEV)
MEV is a crypto term used to describe the deliberate reordering, inclusion, or exclusion of transactions when producing a new block (to be added to a blockchain) in order to extract as much profit as possible.
Circle Activates Protocol for Stablecoin Transfers Between Ethereum and Avalanche
Circle, the creator of the USD Coin stablecoin, released the Cross-Chain Transfer Protocol CCTP for Ethereum and Avalanche chains, enabling users to move their USDC stablecoin between blockchains.
Solana Wallet Phantom Goes Multichain, Expands to Ethereum and Polygon
Solana wallet Phantom added support for the Ethereum and Polygon blockchains in its first step to go multichain.
Institutional Investors Flock To Stake $1 Billion in Ethereum Within a Week
After the long-anticipated Shangai/Capella (also known as Shapella) upgrade of the Ethereum (ETH) ecosystem enabled withdrawals of staked ETH, the staking activity on the platform has not only seen an uptick but is writing down record-breaking results.
Circle Launches Cross-Chain USDC Transfer Protocol for Ethereum, Avalanche
Circle has launched a mainnet protocol that enables users to transfer its US Dollar Coin (USDC) between Ethereum and Avalanche. The Cross-Chain Transfer Protocol (CCTP) does not use a traditional bridge but instead destroys tokens sent to its contract and issues new ones on the receiving network. Users can redeem the new tokens for bank deposits by depositing them with Circle or its partners. Fragmentation of USDC tokens on various networks is expected to decline and Circle anticipates the protocol will improve liquidity and capital efficiency in DeFi. The largest cross-chain protocols have pledged to use CCTP, including Celer, Hyperlane, LayerZero, LI.FI, MetaMask and Wormhole.
Optimism From Ethereum's Shapella Upgrade Is Fading, Crypto Options Show
The crypto options market is signaling a higher perceived risk of downside volatility in Ethereum's native token, ether (ETH), compared to bitcoin (BTC), two weeks after Ethereum's Shapella upgrade. Options tied to ether and bitcoin signaled a bias for bearish bets or puts, but the demand for puts in the ether market was stronger than in the bitcoin market, according to crypto derivatives analytics firm Block Scholes. Ether's one-month bearish out-of-the-money puts traded at a five volatility points premium to bullish OTM calls, while bitcoin's OTM puts traded at a three-point premium to calls. The risk reversal skew for ETH has now reversed its post-Shapella recovery relative to BTC options, suggesting a return to the slightly more negative sentiment assigned to ETH throughout this year.
Ethereum's Lifetime Energy Use Before the Merge Equaled Switzerland's for a Year
Ethereum's energy consumption from 2015 until it moved to a proof-of-stake (PoS) consensus mechanism late last year is equivalent to that used by all of Switzerland in just a year, according to the University of Cambridge's Centre for Alternative Finance. The Cambridge Blockchain Network Sustainability Index estimates that Ethereum's consumption totaled 58.26 TWh between 2015 and the Merge. Ethereum's energy consumption is now orders of magnitude smaller than Bitcoin's. However, CCAF is careful not to take a view on which algorithm might be better or worse. CCAF estimates Ethereum will consume 6.56 GWh of electricity annually.
Crypto Evening Briefing: S Korean MPs to Create Law that Distinguishes CBDCs from Crypto
South Korea is reportedly moving closer to launching a central bank digital currency (CBDC), with a new draft law set to create legal terminology for CBDCs.
