• Solana has recently seen an increase in the number of unique contracts deployed on the network.
• Statistics from Artemis show that March is the highest level for the entire year with 75 different contracts active as of writing.
• Despite a recent outage, Solana’s development activity increased in March, mirroring the number of unique contracts.

Solana Smart Contracts on the Rise

Recent data has shown that there has been a spike in the number of unique contracts deployed on the Solana network. Statistics from Artemis show that 75 different contracts were active as of writing, making it the highest level for this year so far. This indicates that despite issues plaguing the network, creators are still showing faith by deploying smart contracts onto it.

Understanding Unique Contracts

A contract deployment is when a smart contract is deployed onto a blockchain network. These automated programs can be used to facilitate agreements between parties and are called ‘smart contracts’. A special kind of deployment called ‘unique contract deployment’ uses code which is intended to be one-of-a-kind and unreplicable – meaning only one instance can exist and it cannot be copied or utilized elsewhere. For example, these could be used to produce digital goods such as collectibles or artwork through non-fungible tokens (NFTs). The increase in deployments suggests we may soon see a new NFT collection on the Solana Network.

Solana Development Activity

Development activity on Solana has also increased in correlation with its unique contract deployments throughout March; although this metric was still lower compared to before its recent downtime. As of writing, development activity was over seventeen with some fluctuations being noticed.

Impact On SOL Price

Analysis from Binance funding rates shows that investors have not been taking many positions on SOL – however, this did not stop its price from beginning recovery after an initial slump following its outage period recently.

Conclusion

The rise in unique contract deployments onto Solana’s network is evidence that creators have faith in its future despite obstacles faced recently; suggesting potential for further growth within its development activities and price movements alike .

Summary:
• Shiba Inu (SHIB) token has seen a 11.58% drop in price in recent weeks.
• The public beta launch of Shibarium is expected to push SHIB’s price.
• Shiba Inu was founded by an anonymous techpreneur and has been praised by Elon Musk and Vitalik Buterin.

Shiba Inu (SHIB) Price Drops

The price of the Shiba Inu (SHIB) token has dropped by almost 11.58% in recent weeks, trading at $0.00001009 at the time of writing, well below its previous highs on the charts. Over the past month alone, SHIB has dropped by almost 24.75%, corresponding to a larger market decline caused by regulatory headwinds plus the collapse of Silvergate.

Shibarium Beta Launch

The arrival of Shibarium might potentially mark a new era for Shiba Inu, moving from being just a meme cryptocurrency to being a platform that offered genuine utility. Just last week, the project announced the public beta launch of Shibarium, which is expected to push SHIB’s price in the future.

Founders & Praise

Shiba Inu was founded in 2020 by an anonymous techpreneur, who received praise from tech billionaires Elon Musk and Vitalik Buterin for its success in attracting people who missed out on Dogecoin craze previously. Investors have increased its popularity due to memecoins not being taken too seriously and its disrupter management style when it comes to operations – beginning with a supply of one quadrillion coins locked into Uniswap and then another 50% burned to Vitalik Buterin as charity donations worth $1 billion towards COVID-19 relief fund for India CryptoRelief.

Buterin’s Contribution

Vitalik Buterin burned 90% of his Shiba Inu holdings, nearly 50% of all coins currently in circulation stored on an inaccessible public address; Ryoshi thanked Buterin for his contribution towards creating a decentralized financial system and supporting different initiatives such as Fellows in AI Existential Safety with donations from these tokens held previously before burning them away completely soon afterwards when they migrate onto their own blockchain protocol later this year 2021..

Conclusion

Shiba Inu’s potential move from just being another memecoin into geniunely offering utility could be further fuelled with speculation surrounding Shibarium’s launch along with support from both Elon Musk and Vitalik Buterin’s praises alongwith their contributions towards projects like Crypto Relief helping bolster investor confidence; these factors could potentially create value for SHIB token holders if utilized correctly over time.

• Ripple and Faster Payments Council (FPC) released a report on the opportunities of crypto-enabled payments, which showed that 97% of FPC subscribers believed in cryptocurrency’s power to enable faster payments.
• More than half of payment executives polled believed that most merchants will accept cryptocurrency payments within the next three years.
• The main reasons for not adopting crypto technologies for payments are lack of regulatory clarity and adoption.

Ripple Survey Findings

According to a Ripple survey, 97% of payment firms believed in cryptocurrency’s power to enable faster payments. Blockchain-based digital payment network Ripple and the payment organization Faster Payments Council (FPC) released a report on the opportunities of crypto-enabled payments. According to survey results, 97% of respondents (FPC subscribers) believed that cryptocurrency and blockchain technology would play an important role in enabling faster payments over the next three years. More than half of payment executives polled believed that most merchants will accept cryptocurrency payments within the next three years. 27% of Middle East and African executives believe that most merchants will adopt crypto payments by 2024.

Crypto Adoption Barriers

The report further suggested that despite 52% of respondents considering crypto use for payments, only 17% supported crypto-enabled payments at the time. According to the survey, the global payments industry is optimistic about the potential of cryptocurrencies and blockchain to enable faster and cheaper transactions. The main reasons for not adopting crypto technologies for payments are lack of regulatory clarity and adoption. Nearly 90% of respondents cited regulatory ambiguity as the main barrier to crypto payments. On the other hand, 45% of respondents brought up a lack of adoption among consumers as another obstacle preventing widespread usage or acceptance by merchants or financial institutions.

Ripple CEO Comments

In an interview with Bloomberg on 3 March, Ripple CEO Brad Garlinghouse stated that

• Three Arrows Capital (3AC) has filed for bankruptcy and its court-appointed restructuring firm, Teneo, is planning to sell off a portion of the NFTs it seized from the defunct crypto hedge fund.
• The NFTs do not include any artworks from the portfolio of Starry Night Capital.
• Teneo plans to begin selling the $22 million worth of NFTs within 28 days, with blue-chip collections such as Bored Ape Yacht Club [BAYC], CryptoPunks, Fidenzas, Ringers, Autoglyphs, Chromie Squiggles and Nimbuds up for sale.

Three Arrows Capital Files for Bankruptcy

Three Arrows Capital (3AC), a crypto hedge fund based in Singapore has filed for bankruptcy in July 2022. This resulted in hundreds of creditors seeking a collective $3.5 billion.

Teneo Appointed as Court-Appointed Restructuring Firm

The court appointed Singapore-based liquidator Teneo to help liquidate 3AC’s assets which included Non-fungible Tokens [NFT] worth $22 million.

Sale of NFTs Worth Millions Planned

Teneo revealed its plans to put these NFTs on sale to generate value for the liquidation process. The collection includes blue-chip collections such as Bored Ape Yacht Club [BAYC], CryptoPunks, Fidenzas, Ringers along with Autoglyphs, Chromie Squiggles and Nimbuds valued at approximately $9.6 million based on current floor prices.

Starry Night Collection Excluded From Sale

The filing clarified that NFTs from Starry Night Capital’s portfolio will not be put up for sale and that Teneo took possession of their wallet holding these tokens in October 2022. These are now subject to an application before the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands.

Sale To Begin Within 28 Days

Teneo plans to begin selling off this considerable portion of 3AC’s collection within 28 days according to its 23 February filing made by them with the purpose being „to realise the value of the NFTs for purposes of liquidation“.

• Various meme coins, including DOGE, SHIB and BABYDOGE, have experienced notable increases in value over the last 24 hours.
• The performance of these coins could not match that of Bitcoin [BTC] and Ethereum [ETH], but were still significant enough to reverse the previous seven-day decline.
• On-chain data suggest whales had a major role to play in this uptrend, as well as increased volume for BABYDOGE and positive investor sentiment for SHIB.

Meme Coins Surge In Value

Over the past 24 hours, various meme coins – including DOGE, SHIB and BABYDOGE – have recorded notable increases in value. While whale transactions for DOGE surged, investor sentiment acted as a guide for SHIB. As the crypto market left the red region behind, Shiba Inu [SHIB], Dogecoin [DOGE], and BabyDoge ETH [BABYDOGE] followed suit with immense upticks.

Whales on Lock

On-chain data revealed that Dogecoin whales put up one of their best performances since 5 February due to an increase of transactions worth over 100,000 at the time of writing. Moreover, Dogecoin Whale Alert indicated several transactions that edged closer to $1 million between 15 – 16 February. Furthermore, BABYDOGE experienced a rise in volume since 13 February which propelled its 10% increase within the same period.

Positive Investor Sentiment For SHIB

Despite falling to 13th place in terms of market value, SHIB has enjoyed a large majority of positive investor sentiment which pushed its weighted sentiment up to 1.09 at press time – its highest since February began. Additionally, social volume followed a similar trend as investors looked out for opportunities with SHIB tokens.

Realistic Market Cap For SHIBS In DOGES Terms?

As per CoinMarketCap’s data analysis toolkit on 17th February 2021; SHIBS registered 6.02% landslide victory over bears while DOGES surged 3.15%. However BABYDGE surpassed both registering 10% increase within same period but could not match Bitcoins & Etherums surge during same time frame .

Conclusion

The surge in meme coin prices is likely due to an influx of whales into the ecosystem combined with an increase in volume for BABYDGE and positive investor sentiment towards SHIBS tokens.

• Whale transactions on Cardano network surge and boost ADA prices
• Growing Cardano ecosystem drives up TVL growth and fees
• Large transactions in the network may manipulate prices, but developers are driving innovation

Whale Transactions Push Cardano [ADA] Prices Up

Cardano’s whale investors have been active as of late, with more transactions taking place on the network. According to Santiment, this had a positive effect on the price of ADA and last time this happened it was able to skyrocket by 36%.

Growing Cardano Ecosystem Driving Value

The growing interest in the Cardano platform has led to an increase in activity from developers, resulting in more fees being generated for the network. Top gainers within the Cardano ecosystem over the past 24 hours include SingularityNET ($AGIX), Iagon ($IAG), Adax Pro ($ADAX), Ridotto ($RDT) and ADAPad ($ADAPAD). Additionally, Token Terminal reported that fees have increased by 27.1% over the last month.

Large Addresses Pose Risk

Despite these positive developments for ADA holders, there is also a risk that too many large addresses could end up manipulating prices which could harm those holding onto their tokens. It is important to monitor such transactions closely to ensure that no foul play is taking place.

DeFi Angle Benefitting Cardano

The Total Value Locked (TVL) in DeFi protocols on top of the Cardano blockchain has also grown significantly over the past month, increasing from $56 million to $107 million according to DeFi Llama. This indicates that there is strong demand for financial services built upon the platform and reflects positively on its future prospects.

Conclusion

Overall, while there are risks associated with large transactions on any blockchain network, it seems that overall sentiment towards Cardano remains positive given its thriving developer community and increased interest from institutional investors. With more applications being built upon it each day and its TVL continuing to grow steadily, it looks likely that ADA will maintain its position as one of leading digital currencies into 2023-2024 and beyond.

• Polygon zkEVM registered growth during the last seven days.
• Polygon partnered with Genso to help improve their offerings.
• Despite these developments, MATIC’s price declined by over 6% in the last 24 hours.

The Polygon network has seen a promising growth over the last week, as revealed by Polygon zkEVM’s latest statistics from 31 January. With the total number of wallet addresses reaching 82,484, and an average block time of 1.1 minutes, the total number of deployed contracts registered over 17% growth, while total blocks increased by 12.6%. Furthermore, Polygon also partnered with Genso to help improve the latter’s offerings. This collaboration will help provide an even more immersive experience for the Genso community, featuring detailed game worlds, landscapes, characters, dynamic weather, and more.

Despite these developments, MATIC’s price shocked investors by declining by over 6% in the last 24 hours. According to CoinMarketCap, at the time of writing, MATIC was trading at $1.09, with a market capitalization of over $9.4 billion. Despite the recent negative price action, MATIC remained one of the top choices for whales. WhaleStats pointed out that whales were continuously investing in MATIC, with the two-week average of wallets holding at least 1 million MATIC tokens reaching an all-time high.

As of now, the future of MATIC still remains uncertain. While the Polygon network’s developments and partnerships have been promising, the current bearish price action remains a cause of concern for investors. Thus, it will be interesting to see whether MATIC can recover in the near future, or if the current bearish trend continues in the coming days.

• Solana’s NFT ecosystem has been growing over the last few weeks, with metrics looking positive and an increase in Solana’s TVL.
• On 22 January, Solana [SOL] re-entered the top 10 club after several tough weeks of price decline.
• Recently, Solana Mobile introduced the new Saga Pass Cards which could help further grow Solana’s NFT space.

Solana has been on a steady rise lately, entering back into the top 10 club after several tough weeks of price decline. Metrics have been looking positive, with an increase in Solana’s TVL, and its NFT ecosystem has been witnessing growth as well.

Recently, Solana Mobile introduced the new Saga Pass Cards, which could help further grow Solana’s NFT space. In the official announcement, Solana Mobile mentioned that each week, they would introduce new cards into rotation. The first card would be available only to OG Saga Pass holders, and every week until launch, Solana Mobile will deal a random card to the user’s wallet. Moreover, SOL also revealed that the Saga Pass Cards collection will be verified on MagicEden soon.

Interestingly, SOL’s commendable performance in the NFT space was yet again proven a few days ago, as it ranked second on the list of the top chains by NFT trade volume in the last 30 days. Santiment’s data also told a similar story as SOL’s total NFT trade counts and total NFT trade volume in USD spiked last week.

Solana’s price action followed the growth of its NFT ecosystem, as the former increased by nearly 5% in the last seven days. As per CoinMarketCap, at the time of writing, SOL was trading at $24.68.

Overall, Solana’s NFT ecosystem has been growing steadily, and the introduction of the new Saga Pass Cards could help further fuel this growth. With SOL’s metrics looking positive and its re-entry into the top 10 club, it looks like the near future is bright for Solana.

• Poloniex has been around for 9 years, and in that time has experienced a rebirth with global expansion and a closer connection with the crypto communities it serves.
• Poloniex has withstood the tumultuous crypto market of 2022, which has seen many projects and service providers declare bankruptcy.
• To stay afloat, Poloniex has focused on different areas around the world and their specific crypto needs, introducing new products and a new trading system.

Poloniex, the 9-year-old crypto exchange, has gone through a sort of rebirth in the past few years. From 2014 to now, the exchange has gone through a number of changes, most notably with their global expansion, which has allowed them to cultivate a closer connection with the crypto communities it serves. This has enabled them to better understand the needs of their users around the world, from Brazil to Singapore to Turkey.

Yet, despite the tumultuous events of 2022 that have caused many projects and service providers to declare bankruptcy, Poloniex has stood strong. This can be attributed to their focus on different areas around the world and their specific crypto needs. To stay afloat, Poloniex has introduced a number of new products, such as a new cross-margin mode for USDT-margined perpetual contracts and spot trading, a new trading API, and a focus on education through the launch of their educational effort, dubbed the Poloniex University.

These new products have allowed Poloniex to remain a reliable exchange even during the current crypto winter. Even the most intrepid of Web3 enthusiasts and champions of the New Internet have been exercising caution in the wake of a wave of crypto black swan events, but Poloniex has proven itself to be a safe haven for crypto trading. With their focus on global expansion and new product offerings, Poloniex is well-positioned for success in the coming months and years.