#ecosystem

SushiSwap has unveiled Susa, its latest venture in the form of a derivatives exchange, marking its debut in the Layer N L2 network as the ever-first trading platform of the ecosystem.

In recent weeks, tokens on the Solana blockchain have been showing a consistent downward trend, following a period of growth in late 2023. A notable example is the popular token BONK, which has declined by around 70% since its peak on December 15, 2023.

The Chinese government, known for its cryptocurrency ban, is showing signs of easing its policy on decentralization. It has announced plans to support the development of the Web3 ecosystem, dApps, and NFTs. This new approach is detailed in a recent strategic planning document released by China’s Ministry of Industry and Information Technology.

Around 10% of the network fees generated since the project’s launch, approximately 1,600 ETH, will be dedicated to supporting the Starknet ecosystem.

KuCoin's investment division has declared a partnership with the TON Foundation. This cooperation entails a $20,000 grant from KuCoin Ventures aimed at fostering the development and expansion of the TON ecosystem.

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.