Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana

Burnt Finance, a protocol built on Solana, has raised $8 million in a funding round led by Animoca Brands. It also launched its non-fungible token (NFT) platform. The capital will go toward adding staff and exploring partnerships with artists and other Solana-based projects. Burnt Finance, known for burning a piece of artwork from street artist … Read moreAnimoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana

Polkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K

Bitcoin failed to hold above $52,000 after briefly breaking through the resistance level on Monday, and slipped below $49,500 in early European hours on Tuesday, pulling the broader market lower. Leading losses among the top 10 cryptocurrencies by market capitalization were Polkadot’s DOT tokens, which fell 8% in 24 hours after being a top gainer … Read morePolkadot Leads Altcoin Losses After Bitcoin Is Rejected at $52K

Report: Decentralized Exchange Volume Surpasses $1 Trillion in 2021, Uniswap Leads the Pack

Decentralized exchange (dex) volumes have become very prominent this year and some dex applications have been dealing with volumes that are sizable to large centralized crypto exchanges. During the last seven days, Ethereum-based dex platforms processed $21 billion with Uniswap capturing 71% of all the Ethereum-based dex applications today. Statistics from a report published by … Read moreReport: Decentralized Exchange Volume Surpasses $1 Trillion in 2021, Uniswap Leads the Pack