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Home > News
Published: 22/03/2024
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Author: Leexim
Solana Earns the Title of Ethereum Slayer
Solana demonstrates superior Capital Efficiency compared to Ethereum, yet despite ecosystem expansion, SOL's price remains subject to volatility.
Azcnews
SOL has been on the market for the past few weeks and its price has increased thanks to the growing popularity of the network. One of the factors that sets SOL apart is its capital efficiency.
Solana takes the lead
Solana has demonstrated leadership in capital leveraging, a key factor in the Traditional Finance (TradFi) sector, demonstrating the project’s proficiency in financing and investing. In the DeFi sector, Solana also strengthens the strength and stability of the protocol, promotes maximum profitability, facilitates competitive competition, enhances liquidity, reduces risk and encourages innovation.
Research firm Reflexivity Research compared capital efficiency on Solana with Ethereum in the DeFi sector, pointing to SOL’s superiority. Data shows that Solana’s design has special features that help optimize capital efficiency in the DeFi sector. Faster transaction speeds and lower costs compared to Ethereum, minimizing transaction confirmation wait times.
Additionally, parallel processing allows for efficient DeFi operations. Solana’s architecture also separates data and code storage, helping to reduce costs and increase efficiency.
Screenshot 2024 03 21 at 2.42.36%E2%80%AFPM
Source: Artemis
Positive capital efficiency could be the deciding factor for Solana’s game changer in the competitive DeFi scene. By attracting users through fast transactions, low fees, and the ability to leverage less locked capital, Solana can build a strong DeFi ecosystem.
This positive cycle attracts users and developers, drives innovation, and solidifies the network’s position as a leading DeFi platform. Ultimately, positive capital efficiency helps Solana not only compete with, but also surpass, established DeFi competitors like Ethereum.
Related: Ethereum Fund Under Government and SEC Scrutiny
Analysis of data from Artemis shows that the number of daily active addresses on the Solana network has increased from 870,000 to 1.56 million. The number of transactions on the Solana network also did not change significantly.
SOLUSDT 2024 03 21 15 07 35
Source: Trading View
After that, SOL price recovered and increased 13.42% to $195.69. However, SOL’s OBV has decreased.
OBV fell despite rising SOL prices, suggesting weaker buying pressure, which could lead to a bullish trend reversal or limit future upside.
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4.0/5
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22/03/2024 at 3:30 am
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Avatar of Uzzal Kumar Mohonto
Uzzal Kumar Mohonto
22/03/2024 at 6:57 am
Sir how to earn solana
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Home > News
Published: 22/03/2024
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Author: Kane
NIM Network Announces Airdrop of 90 Million Tokens
NIM Network - an AI Gaming project developed on DYM, will allocate 9% of the total supply for an airdrop to approximately 500,000 eligible wallets.
Azcnews Breaking1
Table of Contents
NIM Network Announces Airdrop
NIM Network, a blockchain focusing on AI gaming, has just launched a token distribution program called Genesis Rolldrop for the community.
According to the announcement, the project has allocated 9% of the token supply – equivalent to 90 million NIM – for airdrop to over 500,000 eligible wallets. Among these, 50 million NIM will be allocated to wallets participating in staking on Dymension (DYM).
Additionally, NIM Network is also airdropping to wallets meeting the following conditions:
Being a member of the Parallel, Pirate Nation, AI Arena, and TODAY The Game gaming communities.
Owning NFTs such as Pudgy Penguins, 9dcc, and WolvesDAO.
Having interacted with infrastructure projects and community fundraising efforts like Ocean, Olas Network, and Gitcoin.
Users can access here to preview the token allocation. Similar to previous airdrops by Celestia and Dymension, the project will automatically send the reward tokens to eligible wallets, requiring no additional action from users.
NIM Network is the first RollApp deployed on Dymension, a modular blockchain pioneer within the Cosmos ecosystem. RollApp is an appchain developed by Dymension using the RDK tool. As a result, all RollApps inherit the benefits of security, liquidity, and connectivity with the Dymension Hub.
Related: What is The Cosmos ATOM? Everything You Need to Know
DYM and Price Movement
Dymension is a layer 1 blockchain designed on the modular blockchain model, built on the Cosmos SDK toolkit and capable of interacting with the Cosmos ecosystem via the IBC interchain protocol.
The Dymension network consists of multiple rollup applications deployed on top, called RollApps. These RollApps are applications that allow direct user interaction, which can be games, decentralized finance (DeFi) platforms, or NFT platforms.
The DYM token has recently experienced a slight downtrend and is currently trading at $5.8 per token. Over the past month, the value of this token has decreased by approximately 20%.
Chart Dym Nim Network
Chart Dym
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#NIM Network
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Avatar of Mebby
Mebby
22/03/2024 at 9:28 am
Hi please give me access to Nim Network Airdrop
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Home > News
Published: 22/03/2024
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Author: Leexim
XRPL to Launch AMM Feature, Is XRP Set for a Significant Surge?
XRPL introduces AMM feature, enhancing liquidity and passive income opportunities. Ripple foresees increased XRP adoption and elevated ecosystem functionality.
Azcnews (3)
The XRP Ledger (XRPL) is on the brink of a significant milestone with the activation of its Automated Market Maker (AMM) feature scheduled for March 21st, 2024. This development signals a pivotal moment for the XRP ecosystem, carrying multifaceted implications.
Foremost among these is the anticipated surge in liquidity. The introduction of AMMs enables decentralized trading of XRP and other assets, promising to inject a new level of liquidity into the ecosystem. This surge in liquidity has the potential to attract a broader array of traders, thereby fortifying the overall robustness of XRP’s trading environment.
Furthermore, the AMM rollout brings forth enticing opportunities for passive income. By participating as liquidity providers, individuals can deposit assets into liquidity pools and earn rewards through trading fees. This mechanism not only incentivizes the holding of XRP but also fosters greater engagement with the network, potentially expanding its user base and network activity.
Beyond the immediate benefits, the activation of AMMs also unlocks enhanced functionality within the XRP Ledger. These additions bolster its competitiveness within the broader blockchain landscape, potentially drawing in developers and catalyzing the growth of a more diverse ecosystem around XRP.
From Ripple’s perspective, the successful implementation of the AMM feature holds promise for driving XRP adoption and potentially uplifting its market price. Moreover, it solidifies XRPL’s standing as a viable platform for decentralized applications (dApps), thereby opening doors to new use cases and partnerships.
Amidst these developments, the XRP community, affectionately known as the XRP Army, eagerly anticipates a surge in XRP’s value following the AMM launch. Comparisons are drawn to past instances where XRP experienced remarkable price surges, fueling speculation about the potential for similar astronomical gains from its current price point.
Related: XRP Analyst Maintains $27 Price Target
However, while optimism pervades the community, the true impact of XRPL’s AMM feature will only become apparent over time, shaped by various market dynamics and adoption trends. As of now, XRP is trading at 0.63 according to CoinGecko, but the full extent of its trajectory remains to be seen as the ecosystem evolves in the wake of this significant development.
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4.0/5
(4 votes)
Avatar of Thapelo William Letsholo
Thapelo William Letsholo
22/03/2024 at 9:00 am
Excellent project keep the standard.
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Azcnews Xrp
News | Editor Choice | NFT 22/03/2024
CryptoPunks NFT Fetches $16 Million in Ethereum Sale
Recently, a CryptoPunks NFT entered the annals of history with a staggering $16 million sale, underscoring its profound impact on the NFT landscape.
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News | Altcoin | Editor Choice 22/03/2024
NIM Network Announces Airdrop of 90 Million Tokens
NIM Network - an AI Gaming project developed on DYM, will allocate 9% of the total supply for an airdrop to approximately 500,000 eligible wallets.
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