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ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51%

The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues…

Continue ReadingETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51%

BAYC’s Otherside: Nearly $200M Gas Burnt in Hours, ApeCoin Crashes 30%

The highly-anticipated virtual land sale related to Yuga Labs’ metaverse project went live hours ago and affected a large portion of the entire crypto market. The massive demand led to…

Continue ReadingBAYC’s Otherside: Nearly $200M Gas Burnt in Hours, ApeCoin Crashes 30%

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales

Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales…

Continue ReadingNFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales

BAYC’s 1st Anniversary: How the Bored Apes Became One of the Best Investments in NFTs

Five years ago, non-fungible tokens (NFTs) were an esoteric concept leveraged by a few crypto fanatics, but that changed in 2021 when NFTs made it to the mainstream. Since then,…

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Accelerate CEO Made 270,000% Annual Return After Minting BAYC NFT a Year Ago

ApeCoin (APE), the governance token associated with the popular NFT project – Bored Ape Yacht Club (BAYC), made quite a lot of investors rich. According to a recent tweet, Founder…

Continue ReadingAccelerate CEO Made 270,000% Annual Return After Minting BAYC NFT a Year Ago

NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based…

Continue ReadingNFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales

Justin Bieber, Maria Sharapova, Snoop Dogg, Drake Invest $87 Million in Crypto Firm MoonPay

The cryptocurrency payments startup MoonPay secured an $87 million fundraiser led by numerous investors, including the Canadian singer Justin Bieber, the former tennis champion Maria Sharapova, and the Hollywood actor…

Continue ReadingJustin Bieber, Maria Sharapova, Snoop Dogg, Drake Invest $87 Million in Crypto Firm MoonPay