Category: NEAR

Near Foundation Raises $150 Million to Bolster Web3 Adoption

Near Foundation Raises $150 Million to Bolster Web3 Adoption

On Thursday, the Near Foundation announced the project has raised $150 million from strategic investors such as Three-Arrows Capital, a16z, Mechanism Capital, Dragonfly Capital, and Circle Ventures. Following the announcement, the Near protocol’s native crypto asset jumped more than 7% against the U.S. dollar. Near Foundation Gets a $150 Million Capital Injection The team behind […]

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Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped ​​8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84% dominance. Value Locked in Defi Takes a Hit, TVL […]

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Defi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve’s Dominance

Defi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve’s Dominance

The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with […]

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NEAR Token Price Gains Over 30% As NEAR Protocol raises $800 million

NEAR token’s latest price rally comes in the wake of NEAR Protocol’s announcement of raising $800 million developer fund. Brief Market Analysis of NEAR Token NEAR token price rallied higher on Oct. 25 following NEAR Protocol announcing that it has earmarked $800 million for new funding initiatives aimed at growing its decentralized finance capabilities. Notably, […]

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Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week

Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week

After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the leading crypto asset has regained some of the losses and bitcoin is still up 2.4% during the last seven days. However, a great number of crypto assets have […]

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Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum

Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum

During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges There’s a decent quantity of cross-chain blockchain bridges these days and it has allowed users to […]

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NEAR Protocol launches Ethereum bridge for cross-chain interoperability

Blockchain project NEAR Protocol has launched its Ethereum bridge, called Rainbow, for cross-chain interoperability. The bridge allows transferring ERC-20 tokens between the Ethereum and NEAR blockchains. Users can take advantage of faster transaction confirmation times and lower fees with the bridge, NEAR co-founder Illia Polosukhin told The Block. “A unique sharding model gives the NEAR […]

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The Graph to add support for Polkadot, NEAR, Solana and Celo

Crypto startup The Graph has announced that it will offer support for four additional Layer 1 blockchains: Polkadot, NEAR, Solana and Celo. The four blockchains will join The Graph’s currently supported chains Ethereum, IPFS, and POA. According to the startup, the new chains were chosen based on several key characteristics, which included ease of integration, the […]

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Ethereum Could Touch $10,500 After Crypto Rises to Record High: Fundstrat Global

Ethereum Could Touch $10,500 After Crypto Rises to Record High: Fundstrat Global

Fundstrat Global Advisors strategist David Grider predicts that the price of ethereum could rally to $10,500 per unit after the cryptocurrency set a new all-time high on Tuesday. The estimate implies a near 700% upside on the current ether price hanging above the $1,300 range. According to Grider, ether (ETH) – the second largest digital […]

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