#blockchain

Manta, a modular L1 blockchain launched in September 2023, has clinched the 9th position in the list of top projects by Total Value Locked (TVL). With $468 million, it has outperformed rivals such as Sui, Cardano, and Base. Despite this achievement, the trading activity on its DEX remains relatively low ($4.6 million).

Orbiter Finance, a cross-chain transfer bridge, has announced the launch of its L2 network, Orbiter Rollup, utilizing ZK-rollup technology.

According to financial services firm Cantor Fitzgerald, the forthcoming Bitcoin halving could render at least eleven prominent mining corporations, including names like Marathon Digital and Riot Platforms, unprofitable under the current BTC prices. The most severe impacts are anticipated for Argo Blockchain and Hut 8.

A crypto enthusiast has successfully inscribed the legendary DOOM game from 1993 on the Dogecoin blockchain. This remarkable feat was achieved through the use of Doginals, a technology resembling the Bitcoin Ordinals protocol.

Avalanche blockchain is trailing in the stablecoin market, with a capitalization of just $1 billion. This situation is taking a toll on the DeFi applications' liquidity within its ecosystem and obstructing a steady flow of new users to the platform. To draw a comparison, the stablecoin market cap on Ethereum stands at $71 billion, while on Tron, it is $52 billion.

Public Goods Network (PGN), a second-layer blockchain initiative backed by Gitcoin, is set to cease operations. The project will progressively scale down over the next half-year, aiming for complete closure by June 2024. This decision comes in the wake of a thorough evaluation of the platform’s performance.

Ethereum's founder, Vitalik Buterin, recently published an article titled "The promise and challenges of crypto + AI applications." He delves into the convergence of blockchain and AI technologies, highlighting key areas like data management, transparency, monetization, and cost reduction.

Polygon Labs has debuted AggLayer (Aggregation Layer), an innovative framework that brings together disparate blockchain ecosystems through Zero-Knowledge technology.

Conflux Network has introduced a significant development in the cryptocurrency sector: a second-layer blockchain for Bitcoin, designed to be compatible with the Ethereum Virtual Machine (EVM).