In the past 24 hours, the trading volume of the larger Decentralized Exchange (DEX) on Canto has soared by more than 200% because traders bet on the new Tier 1 hot spot. Canto is a relatively new blockchain technology.
Canto operates on the Ethereum Virtual Machine (EVM). EVM is a professional term for the virtual computer powered by the Ethereum network. It is a cheap and fast network that allows developers to build financial products on the blockchain, such as goods for borrowing.
As of Wednesday, the application value running on Canto exceeded 120 million dollars. Canto DEX accounts for more than 9% of the ecosystem. It uses smart contracts to match traders and rewards liquidity service providers with tokens.
According to the statistics of CoinGecko, the price of Canto tokens has increased by 30% in the past 24 hours, reversing the decline of the entire market.
DEX has settled more than $63 million of transactions in the past 24 hours, while Monday's figure was 21 million yuan, a record high. DEX's turnover this month exceeded US $330 million.
For traders, one attraction of Canto DEX is the system to avoid "rent-seeking behavior" defined in the technical data, that is, the countermeasures for predatory real estate developers to produce products to obtain use value without benefiting the whole Canto ecosystem.
It is written in the document that the agreement cannot be updated, has no official web page, and operates permanently without any "implementation cost level".
With some real estate developers clearly proposing to release Canto's "contract loan guarantee income" (CSR) on the internet, the trading volume increased sharply.
According to the proposal, CSR is a cost-sharing method of Canto Network, which allows smart contract developers to obtain a certain proportion of the transaction fees paid to the network when users interact with smart contracts, and then earn money from their initial work.
This fee is distributed to real estate developers in the form of irreplaceable tokens (NFT). Real estate developers can buy, sell, own or publish NFT as loan collateral.
This method is conducive to encouraging developers to develop and design products that attract users, thus improving the income and utilization rate of Canto network, thus benefiting Canto tokens and related networks.
CSR has been tested on the blockchain used for personal detection network or simulation of the real world.
According to CoinGecko, the recent trading price of CANTO tokens is 31 cents. The price has doubled this year.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023