Trading volume on Solana (SOL)’s Backpack platform has exploded, even surpassing Binance. Open AI’s latest artificial intelligence move sent LPT and WLD Coin prices soaring. Core Devs has released Rippled 2.1 for XRP Ledger AMM. And more!
Hot developments from ETH, SOL, WLD Coin and these 5 altcoins…
Livepeer launched SocialFi platform Sanko TV
Livepeer, a decentralized broadcast platform, announced the launch of Sanko TV, a SocialFi platform built using Livepeer Studio, on social media. The platform allows users to connect, create and reward through video.
Transaction volume on Solana (SOL)’s Backpack platform exploded
Cryptocurrency trading platform Backpack ranked first among all trading platforms in SOL’s total trading volume for three consecutive days. In the last 24 hours, transaction volume on SOL’s Backpack platform exceeded $670 million. For comparison, SOL’s trading volume on Binance during the same period was 554 million US dollars. On Coinbase, another leading crypto exchange, it was $69.74 million.
The increase in trading volume is attributed to the new incentive activity launched by the Backpack platform, where users’ trading activities on the platform may affect the allocation of IEO quotas in the future. Previously, Backpack had launched a staking airdrop event where users who staked SOL and participated in trading on the platform could receive corresponding amounts of PYTH token airdrops.
An Ethereum ICO whale staked 46,464 ETH
Last week, a specific Ethereum ICO participation address deposited 46,464 ETH onto the Ethereum Beacon Chain, with a total value of $128 million, on-chain data tracker ai_9684xtpa reported. This address received 1 million ETH from the Genesis Block address on July 30, 2015. The whale paid only $0.31 per token. The address currently still holds 50,000 ETH worth $139 million.
LPT and WLD Coin rose to record levels
Open AI’s latest artificial intelligence move has been an ignition for Worldcoin (WLD Coin) and its peers. Because Sam Altman, CEO of Open AI, is the creator of Worldcoin (WLD Coin). This relationship causes the developments on the Open AI front to be reflected in the price of Worldcoin (WLD Coin). According to OKX market information, WLD Coin reached a new historical high, rising above $4.9. The token is currently trading at $4,917, up 12.72% in 24 hours. Meanwhile, according to OKX data, LPT also exceeded $20. The token is currently changing hands at $20.55, up 66.15% in 24 hours.
Core Devs releases Rippled 2.1 for XRP Ledger AMM
Core Devs announced the release of Rippled 2.1 PR, a significant step in addressing stability concerns surrounding XRP Ledger’s Automated Market Maker (AMM) protocol. This development comes amid growing curiosity and concerns in the XRP community. Additionally, Ripple CTO David Schwartz has come forward to address these issues. Rippled 2.1 PR aims to improve the stability of XRP Ledger’s AMM. It also aims to provide a solution to the complexities and disputes between XRPL validators.
Pudgy Penguins briefly edge Bored Ape Yacht Club
Pudgy Penguins briefly beat Bored Ape Yacht Club in base price earlier today. Because its rapid rise in the last few months has caught up with the falling prices of monkeys. According to Parsec Finance data, the base price for a Pudgy Penguin at 14 UTC was 22.2 ETH ($61,780), while the base price for Bored Apes was only 22.1 ETH ($61,500). This doesn’t mean much. Because it was a short-lived move. But it marks a big moment in the changing landscape of NFTs.
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