#blockchain

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).

Tether, the cryptocurrency company, has announced a strategic partnership with the decentralized bridge, rhino.fi, aimed at boosting and improving user engagement with the USDT stablecoin. This move signifies the company's intention to broaden the reach and utility of tokens across various blockchain platforms.

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.

The token value of Celestia, a modular blockchain (TIA), has surged nearly tenfold since its inception in late October 2023. Initially, certain users received TIA as an airdrop, contingent upon their blockchain wallet address meeting specific criteria.

Crypto project Injective (an L1 blockchain) has rolled out a substantial upgrade for its mainnet, dubbed Volan. This update is designed to boost scalability and compatibility and includes a host of additional enhancements.