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Struct Finance recorded significant growth in the past week. The DeFi project’s TVL increased by over 88.3% in the past seven days. Increase in TVL makes Struct Finance the second-highest gainer on the AVAX blockchain. Struct Finance, a DeFi project built on the AVAX block chain , recorded significant growth in the past week. The project reported via its Twitter handle that its total value locked (TVL) increased by 88.3% in the past seven days. That makes it the second-highest gainer on the AVAX block chain . gm Struct and $AVAX family Was another big week in the Struct camp We are #2 on TVL gains on the red chain Our $BTC.b vaults saw incredible growth through the week and is helping to put us out there within the wider cryptoverse Time to start another strong week 🫡 pic.twitter.com/sbLhmQnDXl — Struct Finance (@StructFinance) July 17, 2023 A screenshot attached to Struct Finance’s tweet shows it follows only XY Finance in the order of top ga...

Vechain has announces the successful grant application of specialist NFT cross-chain bridge builders, XP.NETWORK . XP.NETWORK’s NFT bridge has officially gone live on mainnet. With the NFT bridge built by XP.NETWORK, the VeChainThor community can now take their talents to new communities, attract new projects to the network and show the world the versatility and power of VeChainThor. For NFT projects and users looking to make use of XP.NETWORK’s bridging service, we’ve included their official documentation below to guide you through the process. VNFTs Unchained With XP.NETWORK’s bridge now live, we hope the VeChain Community will make great use and maximize the potential of their projects among the wider NFT space. We thank XP.NETWORK for their hard work in helping us build VeChainThor’s first cross- chain NFT solution About XP.NETWORK XP.NETWORK is creating the solutions to turn the growing NFT market into an accessible and easy-to-use place. One of our most notable tools is the X...

Paul Brody’s “Ethereum for Business” gives a basic overview of enterprise Ethereum, while providing real-world use cases of how EY clients leverage the technology. The cryptocurrency market has encountered its share of ups and downs over the past year, but blockchain technology continues to see impressive growth as businesses seek digital transformation.  Recent findings from the market research platform, MarketsandMarkets, estimated the global blockchain market size to be $7.4 billion in 2022. While notable, the report indicates that the blockchain sector is expected to generate $94 billion in revenue by the end of 2027. If these findings are accurate, this will result in a compound annual growth rate of 66% from 2022 to 2027. Breaking down ‘Ethereum for Business’ Specifically speaking, many enterprises today are using the Ethereum blockchain to improve outdated business processes. Paul Brody, global blockchain leader for Ernst & Young (EY), told Cointelegraph that he believe...

The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chain s. The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. According to the announcement shared with Cointelegraph, POL’s utility will span all the Polygon protocols, which includes Polygon PoS, zkEVM and Supernets. Sharing details about the anticipated upgrade, the announcement read: “Primarily, it enables the pool of protocol participants, i.e. actors to scale to support thousands of Polygon chains without sacrificing security.” The utility of POL revolves around validators, with the goal of aligning and i...

1. ETH’s Weekly Summary a . “EDCON 2024”, Ethereum Developer Conference, to be Held in Japan link According to @EDCON2024, the Ethereum Developer Conference “EDCON 2024” will be held in Japan. EDCON 2023 (Community Ethereum Development Conference) just took place in Podgorica, Montenegro, from May 19th to 23rd, 2023. Vitalik himself delivered a speech. In addition to EDCON, Ethereum has various community events throughout the year, such as EthCC, ETHDenver, Devcon, and ETHglobal. b. Ethereum Developer @superphiz Calls for Community Action to Address Overconcentration of Validators in Lido ETH link On June 1st, Ethereum developer @superphiz shared a discussion warning in which Vitalik advised that no entity should control more than 15% of validators. However, over 32% of ETH validators are currently using Lido, and the community should take action to address this issue. Currently, Lido has not taken any real steps to address this problem, and there is no reason to expect a significant d...

Google Cloud Marketplace adds support for nine different blockchain APIs, including Bitcoin and Ethereum, through integration with layer-1 Oracle network Flare. Layer-1 Ethereum Virtual Machine (EVM) blockchain platform Flare has integrated its application programming interface (API) portal on Google Cloud Marketplace, onboarding a number of significant blockchain APIs to the ecosystem. The integration of Google Cloud Marketplace will provide high-integrity blockchain data from Flare nodes and connected chain nodes to a large pool of developers and users of the software products and services platform. This includes blockchain APIs for Algorand, BNB Smart Chain, Bitcoin, Dogecoin, Ethereum, Flare, Litecoin, Songbird, XRP ledger and future-supported blockchain APIs. Blockchain APIs are touted to free developers from having to run their own nodes for the respective blockchains they are interacting with. The data supplied powers applications that execute transactions and query the latest ...