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Showing posts with the label staking

Could Solana Hit $500 in 2025 as the New SOL Layer 2 Project Solaxy Raises Nearly $7 Million?

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Solana (SOL) is preparing for an impressive bull market in 2025, with many experts predicting that the cryptocurrency could reach between $500 and $1,000. While this is exciting news for Solana holders, there’s more to the story.  Alongside Solana’s anticipated success, meme coins are expected to experience significant growth, making Solana an even more exciting network. However, as the popularity of meme coins grows, so does the risk of congestion and failed transactions on the Solana network. To address these potential issues, a new player has emerged: Solaxy (SOLX), a Layer 2 blockchain designed specifically for the Solana network. Let’s dive deeper into why Solaxy is poised to be a major force in the upcoming bull market and how it can benefit Solana and meme coin investors alike. Solaxy raises $6.9 million in presale – Bigger gains at launch? Solaxy has raised an impressive $6.9 million, with daily contributions approaching $500,000. The project i...

New Crypto Meme Index Launches Presale For MEMEX Token – Next 10X Meme Coin?

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Meme Index ($MEMEX) kicked off its ICO on Monday and has already blasted past $338,000 in funds raised. Meme coins dominated the crypto narrative in 2024, surpassing a collective valuation of $137 billion and solidifying their legitimacy as a key sector within the crypto space.  Despite lacking immediate utility, they’re favored by investors because they’re unburdened mainly by the regulatory complexities that often affect the so-called “more serious” projects. This year also saw the rise of meme coin launchpads, boosting the number of meme coins. However, picking the right one for 10x returns can be tough. The Meme Index offers a solution by providing exposure to an entire meme coin index, which effectively mitigates the risk. With capabilities that no other project has ever brought forward in the crypto space, which heralds a new era of meme coin investing from 2025 and beyond, the project’s native token, $MEMEX, is th...

Crypto All-Stars Secures Over $530,000 In A Week – ‘Meme Coin Messiah’ Will Bring Enhanced Utility To Sector

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The new meme coin Crypto All-Stars ($STARS) is off to an exhilarating start in its presale, having already raised over $530,000 in just its first week of launch. The new project keeps the fire alive in the meme coin sector by offering its tokens a new utility: passive income generation via unified staking. Crypto All-Stars introduces an industry-first capability. It allows the top meme coins in the space, such as Dogecoin ($DOGE) and Pepe ($PEPE), to be staked together, enabling their holders to earn a singular reward – the native $STARS token. This unified staking is a boon for meme coin holders as it offers them an avenue to generate income from their holdings rather than letting them sit idly while they wait for the second coming of the meme coin bull wave.  It gets even better as simply holding $STARS unlocks three times the rewards, offering investors an exceptional opportunity for massive returns, unlike anything seen since the landmark ...

Cubera announces launch of progressive defi staking platform

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The Cubera defi staking platform is in its early access phase and will soon offer users a streamlined environment to stake their assets across multiple chains.  Cryptocurrency users can now explore the innovative defi landscape and earn rewards on the Cubera multi-chain staking platform. Cubera has unveiled a platform that synergizes staking, yield optimization, and auto-compounding in a unified, transparent environment.  Cubera defi reward staking  The Cubera platform has been developed to offer a transparent, streamlined experience for users to manage their portfolios whilst still being able to utilize their assets across multiple defi platform s. The company focuses on transparency and building trust amongst its growing community.  Cubera is committed to harnessing the power of defi and DAOs to bring users an open-source pl...

Vitalik Buterin unveils major overhaul of Ethereum staking to enhance decentralization

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Vitalik Buterin plans to overhaul ETH staking and has outlined the progression of Ethereum’s roadmap, particularly focusing on the forthcoming Dencun update. In a recent interview with the NFT platform Defiant while in Turkey, Ethereum’s co-founder Vitalik Buterin addressed the issue of staking centralization in the Ethereum network. Buterin underscored the importance of reforming Ethereum’s staking process to support more effective mining and staking pools, with the ultimate goal of boosting the platform’s de centralization . The initiative is a response to the challenges of data availability in off-chain systems, which have been sluggish due to high demands in the short and medium term. You might also like: Vitalik Buterin publishes article discussing dimensions of connectedness to Ethereum Vitalik Buterin outlines Ethereum’s roadmap ahead Buterin highlighted the upcoming Ethereum Improvement Proposal (EIP) 4844, known as Dankshard...

This is how much Solana staking really rewards SOL investors

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Solana (SOL) is one of the best-performing cryptocurrencies in 2023, with over 200% in price gains year-to-date. This results from a growing demand for its native token, which investors can stake in exchange for staking rewards . Notably, Solana is the second-largest cryptocurrency by Staking Market Cap, according to data from StakingRewards.com. As of October 24, there is $12.72 billion at stake in Solana’s network, for a total of 400.05 million SOL tokens locked by validators and delegators in the protocol. The protocol creates new tokens to reward investors when they stake their SOL to secure the Solana blockchain. Similar to what happens with Bitcoin (BTC) mining or Ethereum’s (ETH) system. However, the supply inflation resulting from these rewards can also impact the real reward rate for Solana investors. It is essential to understand that the increased circulating supply dilutes the SOL holder‘s true value. Finbold demonstrated this dilution in a previous report analyzing t...

Ethereum ‘re-staking’ protocol EigenLayer launches on testnet

The re-staking collective aims to address Ethereum validator economic incentives. A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet. The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to onboard various participants into the ecosystem. The first stage is using Ethereum’s Goerli testing network. The project has some serious backing and announced $50 million in a Series A funding round in late March led by crypto venture firm Blockchain Capital, along with Coinbase Ventures, Polychain Capital, Electric Capital and Finality Capital Partner. EigenLayer aims to become a decentralized marketplace for Ethereum node operators and validators to earn fees on additional services. It allows them to restake assets they received in exchange for staking Ether on platforms such as Lido (stETH) and RocketPool (rETH). The assets can be r...

ApeCoin leads in NFT and Metaverse market share, but are APE’s hefty staking rewards sustainable?

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The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good. In January, ApeCoin (APE) had an underwhelming performance compared to metaverse-based tokens like Decentraland (MANA) and The Sandbox (SAND). APE token gained 61% compared to the 90% and 150% respective gains seen in SAND and MANA. The subdued gains can be attributed to the hefty APE staking rewards that is likely creating some selling pressure. An upcoming unlock of around 9% of APE’s circulating supply in March 2023, along with not-so-impressive fundamentals, will add further headwinds for the token. The gains in APE will depend on the success of the blockchain gaming projects in the ApeCoin ecosystem and new partnerships between Yuga Labs and big brands. Traders take advantage of oversized APE staking rewards ApeCoin DAO launched its APE staking mechanism in December 2022. The APE staking pool yielded 90% annual returns in the first...