We all know that it is not that easy for web3 developers(especially for front-end) to access and present Web3 data due to the infrastructure design of blockchains. To resolve this issue, My friend DIY single-handedly came up with this human-friendly open-source project Unidata a few days ago. We believe this tool will make Web3 data…
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Avalanche (AVAX), dubbed the “Ethereum killer,” has plunged to more than 16% following the disastrous crypto market scenario. Other crypto tokens that are also competitors to Ethereum have had massive double-digit losses in the last 24 hours. AVAX, considered the 13th biggest cryptocurrency with a market cap of $7.6 billion, has dramatically sloughed off over 16% of its TVL in the past few hours, and is now trading at $27.94. AVAX Treading The Bearish Path AVAX is leading the bearish action, which has placed the token down by 80% compared to its all-time high, which registered an impressive $146.22 in November 2021. The downward trend is triggered by the sluggish growth of different DeFi projects hedged on Avalanche. Suggested Reading | Ripple (XRP) Struggles To Breach $0.45 Level, Down 16% In Last 7 Days Avalanche – Ethereum Rival Ethereum is said to be slow and expensive in pricing, which paved the way for the creation of Avalance, which is eco-friendly, fast, and affordable. Avalance was created by Ava Labs, co-founded by Kevin Sekniqi, Emin Gün Sirer, and Maofan “Ted” Yin. The Ethereum-killer, Avalanche, is a blockchain that combines the trailblazing speed in confirmation times plus scaling capabilities using the Avalanche Consensus Protocol, which can process over 4,500 transactions per second (TPS). AVAX total market cap at $8.98 billion on the daily chart | Source: TradingView.com Avalanche went live and was launched in September 2020 and is considered one of the most reputable blockchains giants. Avalance now has a TVL of $11 billion, ranking it as the fourth-largest DeFI-based blockchain, following Terra and Binance Smart Chain. Avalanche has derived some protocols from Ethereum that you can experience in their DeFi ecosystem, including SushiSwap, decentralized exchange protocol, and Aave, its lending protocol. DeFi Projects TVL Down by 8.57% The TVL of DeFi protocols on the Avalanche blockchain is currently down by 8.57% in the last 24 hours or at $4.74 billion. This is relatively low compared to its all-time-high TVL, which went as high as $13.7 billion on December 2, 2021. The dip that registered at 7.5% was pretty significant for AVAX. TraderJoe, considered the most prominent decentralized exchange on Avalanche, plunged to 12.84 % in terms of the user base. Liquidity also decreased from $982 million to $577 million in barely a month. Suggested Reading | Crypto Analyst Predicts 1 Altcoin Will Fall Down Hard – Is It Cardano? Total active wallets found on the Avalanche network escalated to over 2.8 million yesterday, which is its all-time high. However, despite the increase in active wallets, the token still was bearish. To make matters worse, Avalanche total transactions have also dipped to only 358,474 from 800,000 last week. The numbers have plummeted miserably, especially if you compare the figures to its all-time high, which registered at 1.1 million daily on January 27, 2022. Featured image from Saanich News, chart from TradingView.com
It's official, litecoins major privacy upgrade MWEB has now activated. Shortly you should see major exchanges rolling it out in the coming weeks. Litecoin will have now has an optional privacy feature which will allow users to hide their address and crypto amounts when transferring (In addition to other features). This is a game changer…
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A Dubai based couple has decided to be wed in the metaverse after legal problems stemming from their nationalities initially forced them to tie the knot in Georgia in 2019. After the wedding, the couple said they will use their own experience to help others get married in the metaverse as well. The Metaverse After […]
I would've never thought that Bitcoin will reach these huge price marks, not even close to thinking that we would be calling these high price numbers, "the bottom of a crash". As we have seen a lot can happen in 5 years. What do you think the next 5 years hold for us in the…
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Macro conditions flip to reduce pressure on risk assets, as one view gives Bitcoin bears $14,000 capitulation “hopium.”
submitted by /u/hashzzz [link] [comments]
I am trying to estimate gas using ethers. I have tred using await this.signer.getGasPrice() but this doesn't take into account my contract's function and my address.I saw that on ethers's documentation they have a function await provider.estimateGas({ // Wrapped ETH address to: "0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2", // `function deposit() payable` data: "0xd0e30db0", // 1 ether value: parseEther("1.0") });…
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submitted by /u/Icy_Cut_5572 [link] [comments]
Core Ethereum developer Preston Van Loon says that the network’s long-awaited transition to proof-of-stake will most likely happen this August.
