SOL Price Recovery: Solana Sees Spike in Unique Contracts Deployment

• 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 .

Shiba Inu [SHIB] Price Down 11.58% – Will Shibarium Launch Push It Up?

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.

Crypto Payments on the Rise: Survey Shows Optimism Despite Regulatory Uncertainty

• 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