As the cryptocurrency market moves towards the weekend with a slight retreat, new news continues to arrive in the market. For example, BNB Chain’s core team has launched a new offering on Venus Protocol. Injective Blockchain broke a new record with 370 million on-chain transactions today. On the other hand, while the meme coin BONK was booming, Solana phones started selling out of stock. And there is more…
Hot developments from Injective, Fantom, Solana and these 4 altcoins…
Conflux releases upgrade announcement
On December 15, Conflux released an upgrade announcement for Hydra Network v2.3.3. He stated that this update is very important to maintain the normal functionality of noes. V2.3.3 essentially fixes an issue where unexpected cross-domain operations could cause node failures. Conflux noted that failure to update on time will result in user nodes not being synchronized correctly. Thus, he stated that it will affect network performance and operations.
Fantom announces launch of Sonic Builders test-net
Fantom has officially announced that it will launch a new network to replace the previous Sonic test-net. This test-net will be Sonic Builders. Fantom stated that this testnet is equipped with all the tools developers need to launch dApps on Sonic technology and is preparing for mainnet release. Key features of the previous public test-net board, such as claiming tokens and running exchanges, will be retained.
BNB Chain’s core team launches a new proposal on Venus
BNB Chain core team has proposed the “BNB Bridge Attacker Account Solution” on Venus Protocol, a lending protocol on BNB Chain. The proposal aims to give BNB Chain the discretion to seize the BNB Bridge attacker’s collateral and repay its debts, while avoiding any market liquidation of BNB.
As of December 11, 2023, the BNB Bridge attacker had 630,240.00 BNB in supply, as well as 58,440,000 USDT and 37,440,000 USDC in credit. To use the supply amount, the debt must first be repaid. To resolve this issue, a forced liquidation mechanism will be used, under which BNB Chain will have the right to implement this action. After liquidation, the project will be able to use the entire amount to repay the protocol deficit.
Injective reached a record of 370 million transactions
Injective Blockchain broke a new record with 370 million on-chain transactions today. However, Injective (INJ) isn’t just making waves with on-chain transactions and $1 billion in staking value; it is also reaching unprecedented heights in market value. cryptokoin.comAs you can follow from , the token has increased by over 78% in the last 7 days. Thus, Injective reached its all-time high (ATH) on Friday at $34.24. This remarkable achievement marks a complete recovery from previous losses. It also makes Injective (INJ) a formidable player in the cryptocurrency market.
In the dynamic environment of cryptocurrencies, altcoins such as Injective stand out. Ubns are outperforming the leading crypto Bitcoin. Thus, it contributes to the overall growth of the sector. Major altcoins like Avalanche, Cardano, Bonk, and Solana are making waves. However, INJ’s steady momentum is attracting investors’ attention.
While BONK is rising rapidly, Solana phones are not sold in the USA
Solana Labs co-founder Anatoly Yakovenko lamented the lack of sales of the company’s Saga phones on December 5. Today, according to the official X account, the Saga phone is completely sold out in the US. Moreover, there are only a few phones left in Europe. The company is currently limiting new orders to one per household. However, the sudden rush to buy phones is not primarily due to the desire to own the phone itself.
They will buy the Solana phone because BONK flies. The phone comes with BONK airdrop. “Allocation will soon be more valuable than telephony,” says Steven Zheng, The Block’s Director of Research. Zheng half-jokingly refers to the amount of BONK tokens that come with each Solana phone. It’s not unfair. Because, at the time of writing, BONK was up over 83% on a daily basis. The token saw a remarkable 914% increase in value on its monthly chart.
Arbitrum suffered ‘partial interruption’
The Layer-2 Blockchain stopped working as intended on Friday morning. The Arbitrum network experienced a “partial outage” due to an increase in transaction traffic affecting the Blockchain sequencer. Arbitrum’s sequencer stopped “during a significant increase in network traffic,” according to posts on the network’s social media. A post on Arbitrum’s status web page said, “We are working to resolve it as quickly as possible. “We will also provide a post-mortem as soon as possible,” he said.
Sequencers are likened to an “air traffic control” that decides which transactions occur first in layer 2 networks such as Arbitrum. They are an important link between L2 and the underlying Blockchain, Ethereum. But they are also located at a single point of failure.
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