We started the new week with a slight decline reflected in the overall market. Bitcoin has lost the $43,000 region, while Ethereum is approaching the $3,000 support. In this article, let’s list the important developments of the week regarding altcoin projects from different fields. For details cryptocoin.com keep reading.
Here are 15 altcoins and developments of the week
Avalanche has completed its second management vote. The vote was to launch a liquid stake in Avalanche. The proposal was accepted with a majority of 97.12% of the votes. In parallel, Wonderland will launch its own liquidity staking solution for Avalanche.
Famous British Auction Firm Sotheby has announced that it will accept BTC, ETH, USDC offers at ‘The Enigma’ auction. ‘Enigma’ is a rare black 555,555 carat diamond. According to reports, ‘The Enigma’ is currently on tour. It has plans to exhibit in London, Los Angeles and Dubai.
Cardano has surpassed Ethereum in terms of Daily Transaction Volume. This is also a result of the impressive increase in ADA price. According to crypto data analytics platform Messari, Cardano has a trading volume (TV) of $7.02 billion, compared to Ethereum’s $5.41 billion TV in the last 24 hours.
Metis DAO recently surpassed $400 million TVL. The protocol is currently the third largest L2 protocol in Ethereum with a TVL of $469 million. Moreover, the price of the Metis DAO native token METIS has increased with a ROI of more than 500% in just one month.
The team of altcoin project NEAR Protocol has announced a new staking mechanism. The initiative was launched in partnership with Aurora developers. Alex Shevchenko, head of Aurora Labs, shares that they aim to “provide far more value to users.”
Polygon is releasing a major release for the Indian Gaming Community on January 18th without revealing any further details. The announcement is about IndiGG, a collaboration of Yield Guild Games, a win-by-play guild that brings players together to win through NFT games and Polygon’s gaming and NFT arm, Polygon Studios.
Polygon launched EIP -1559. The update will set a base fee for transactions and initiate real-time burning of MATIC tokens. The update was activated at 2:48 UTC and replaced Polygon’s previous fee system based on the initial price auction.
- LBank Exchange, a global cryptocurrency exchange, listed Community Token (COMT) on January 12, 2022. For all users of LBank Exchange, the COMT/USDT trading pair is now officially available for trading.
- Let’s continue with the whale news. Over 144.5 million Shiba Inu (SHIB) were permanently removed from circulation during the day. A total of 239 million SHIBs were burned two days ago. Currently, the Shiba Inu price is falling and continues to drop from the ATH level reached in October 2021.
- Popular and regulated cryptocurrency exchange Bittrex has listed EPTT, or Evident Proof Transaction Token, the token of its Evident Proof platform, which offers proof-of-data solutions.
- Binance has completed its 18th quarterly token burn, reducing the supply of Binance Coin (BNB) token. The exchange reports that 1.68 million BNB, worth $792 million, has been burned.
- The development team behind Werewolf introduced the next generation of the species with Lycan Chain. The Lycan is named after the myth of speed, immutability, and immortality about the Lycans. The launch of Lycan Chain is set at the stage where Blockchain technologies have become an essential part of many businesses using data processing and storage.
- Hong Kong-based CoinEx crypto exchange announced today about listing the meme token BabyDoge. Trading started today at 11:00 UTC.
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