There is Hot News from XRP, ARB Coin and These 4 Altcoins!

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Ripple and XRPL Labs became members of the Decentralized Recovery (DeRec Alliance). Arbitrum (ARB Coin) has reached a significant milestone in its network. Binance Labs incubation project UXUY has completed its $7 million funding round. And more…

There is important news from ARB Coin and these 5 altcon!

Ripple and XRPL Labs partner with DeRec Alliance

Ripple and XRPL Labs became members of the Decentralized Recovery (DeRec Alliance). Thus, the developer of the blockchain network Hedera accompanied Swirlds Labs and the Algorand Foundation. Other members of the DeRec Alliance include Acoer, BankSocial, Blade Labs, The Building Blocks, Casper Association, Constellation Network, The Hashgraph Association, The HBAR Foundation and Revive Labs.

Hedera co-founder Leemon Baird founded the DeRec Alliance. With DeRec, Baird aims to provide an open source process that accelerates the recovery of digital assets. Members are collaborating to develop a new interoperability recovery standard applicable to a broad range of users, especially those without crypto expertise. Making a statement on the subject, Baird said:

In this digital age, users need a security network when they lose their keys, passwords or other secrets. This is necessary for both web2 and web3 and is critical to bringing these technologies to the majority of the world. It’s great to see the industry working together to establish the DeRec Alliance to meet this need.

Arbitrum (ARB Coin) reaches 2 million daily transactions milestone

Ethereum layer-2 scaling solution Arbitrum (ARB Coin) has reached a major milestone on its network. Arbitrum’s daily transactions rose to two million as of May 8, according to data from analytics platform IntoTheBlock (ITB). Accordingly, since March Arbitrum (ARB Coin) has consistently averaged one million transactions per day. This is important because the network has proven to be more user-friendly than its peers. The Arbitrum (ARB Coin) trading wave has been a massive accumulation over time. According to a shared one-year chart, Arbitrum’s transaction growth remained relatively stable around 100,000 to 500,000 from September to October 2023.

Uniswap frontend feels the pressure since fee increase

In mid-April, Uniswap Labs increased the exchange fee on its interface from 0.15% to 0.25%. This fee applies to most, but not all, exchanges made using the Uniswap web interface and wallet. Using the Uniswap Labs interface is not the only way to use Uniswap. It is possible for traders to use aggregators, alternative user interfaces to make exchanges. Or there are possibilities to go directly through the smart contract. When the fee was first introduced in October 2023, Uniswap founder Hayden Adams said it would allow his team to “continue to research, develop, build, ship, improve and expand crypto and DeFi.”

Meanwhile, cryptokoin.comAs you follow from , Uniswap has received a Wells Notice from the US SEC. The wage change took place shortly after this development was announced to the public. The fee seems to have had an impact on the popularity of the Uniswap interface. Uniswap frontend accounted for 30% of DEX activity in April, compared to 35.8% in March.

Earnings Reached 100 Percent in Uniswap Coin! What are the UNI Alternative Coins?

UXUY completes $7 million financing round

UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced that it has completed a $7 million Pre-A funding round in Hong Kong. Since its inception, the total funding amount has exceeded $10 million. UXUY is an important founder of the Bitcoin ecosystem. Additionally, more than 100,000 traders use Bitcoin Lightning Network services through UXUY.

Mande Network opened an airdrop request channel

Mande Network, an on-chain network based on Dymension and Celestia, announced that it has opened a MAND airdrop request channel. Users must stake at least 15 DYM. Additionally, the project announced that it received the snapshot on April 30.

Merlin Chain’s largest dApp TVL exceeds $1 billion

Since publishing its commitment in late April, Bitcoin’s layer-two network Merlin Chain reported that $3.8 billion of its liquidity has flowed into ecosystem dApps and is rapidly developing in DeFi, infrastructure, games and other areas. According to DefiLlama data, the TVL of Merlin Chain’s top dApps has surpassed the $1 billion mark. Among these

  • DeFi protocol Solv Protocol surpassed $600 million TVL.
  • Lending protocol Avalon surpasses $200 million TVL.
  • Another lending protocol, Mage Finance, surpassed $85 million TVL.
  • DEX MerlinSwap generated approximately $800 million in total trading volume, approximately $100 million in TVL, and 320,000 active addresses on Blockchain.
  • Launchpad Merlin Starter has generated $880 million in total transaction volume so far.
  • 3D open-world game Dragonverse Neo surpassed $20 million in transaction volume. Additionally, it has 6,631 players.
  • NFT Marketplace project Unicross has exceeded 200,000 active addresses on-chain.

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