DeFi News Daily Official TheBitTimes.com

Smart contract platform Solana (SOL) is moving to the top of CoinGecko’s list of fastest block chain s. In a new publication, CoinGecko says Solana is a staggering 46 times faster than its rival Ethereum (ETH), the second-largest digital asset by market cap, making it the fastest large block chain on the market. However, CoinGecko says that Solana has only reached 1.6% of its theoretical maximum throughput. “Solana has proven to be the fastest among large block chain s, with its actual daily average transactions per second (TPS) reaching a record high of 1,504 on April 6th this year amid the memecoin mania. This makes Solana 46 times faster than Ethereum, and more than five times faster than Polygon, which has the highest TPS among Ethereum scaling solutions. Despite ranking as the fastest block chain , Solana has still only achieved 1.6% of its theoretical maximum speed of 65,000 TPS.” CoinGecko’s statistics show that Solana’s h...

Of the total $1.8 billion in total-value-locked (TVL) of Multichain, the Fantom blockchain remains the most impacted with 36.7%. As of now, the total assets on the Fantom blockchain are $1.66 billion and nearly 40% of these assets have been wrapped on Multichain. advertisement As we know, Multi chain is one of the largest block chain bridges in the crypto space. Thus, it facilitates the swapping of tokens across multiple block chain s. Top platforms such as Binance Chain, Polygon, Avalanche, and Ethereum have been using the Multi chain bridge. Multi chain is also the official cross- chain bridge for the Fantom, a block chain supporting smart contracts and powered by native FTM tokens. Crypto journalist Colin Wu notes: “the main stablecoin on Fantom is 191 million, USDC and 82 million USDT assets are basically issued by Multi chain ”. Fantom Operating As Normal As the concerns over the Multi chain crisis spread across the crypto mark...

Join Our Telegram channel to stay up to date on breaking news coverage As the crypto market rebounds from the weekend sell-off that followed the collapse of some of the leading United States banks – that is the Silicon Valley Bank (SVB), Signature Bank New York, and Silvergate Bank, they might want to align their investment goals with their moral frameworks. Crypto projects have in recent years focused on solving real-world problems to help people live better while still earning from their investments. C+Charge is one of these exceptional projects with an interest in revolutionizing the electric vehicle (EV) charging industry. This new ecosystem is bringing up a crypto-powered platform to help users earn block chain -based tokenized versions of carbon credits every time they pay with CCHG after charging their EVs in selected stations. 🛴⚡ Other than cars and bikes, one of the most popular #EV choices recently is e-scooter Here are some advantages of e-scoo...

This protocol aims to cut out intermediaries and bring fast and easy asset exchanges across chains. Interoperability remains a persistent issue in the world of gazillion blockchains and interesting protocols and projects. The need for interoperability leads to many practical problems, one of which comes down to token liquidity and crypto swapping between blockchains. Bridges are vulnerable Moving tokens from one blockchain to another has become a crucial part of the DeFi sector. It allows users to use these tokens on different chains than their native ecosystem. However, most blockchains are closed systems and thus aren’t directly compatible with each other. The problem can be compared to using a European power plug in the United States — it’s just not going to fit. At least, not without an adapter. Within DeFi, these adapters — better known as bridges — can be found everywhere. With bridges, users lock tokens on one blockchain to unlock wrapped versions of them on another chain. Thes...