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#Ripple Wants to Bring Ethereum Smart Contracts to the #XRP Ledger

After the start of a test phase of Ripple's new XRP Ledger sidechain, users may be able to interact with #Ethereum-compatible #DApps in the future.

Users of Ripple might soon have access to #Web3 wallets like Metamask and #XUMM Wallet and decentralized programmes like #Uniswap 

The Tendermint protocol created an XRP-based, #EVM-compatible sidechain with a goal of processing 1000 #transactions per second .
🚀 Do you know Uniswap? The fourth-leading #decentralized exchange protocol!!

🔹 Valued at $1.66 bn in a $165 mn new funding round, led by Polychain Capital and existing investors.

🔹 Build your #Defi apps and tools on Ethereum's biggest #crypto project Uniswap!

🔹 Has over 114 million+ all-time trades and has processed $1.2 Trillion+ worth of #cryptocurrencies.

🔹 #UNI is Uniswap’s governance token with a market cap of $4.9 bn and has a max supply of 1 bn UNI tokens.

🔹 #Uniswap's monthly #revenue surged to $100 mn in Mar 2021 and reached a new peak in May 2021, an all-time high of $285 mn.

🔹 Users can also trade #ERC-20 tokens, provide #liquidity to pools, earn rewards, and much more.

🔗Read More: https://www.linkedin.com/feed/update/urn:li:activity:6988826218393452544
Top #CryptoNews In Last 12 Hours

1️⃣#Fed's Christopher Waller says #cryptocurrencies are growing quickly and might challenge dollar dominance, but it's unlikely due to the popularity of U.S. dollar #stablecoins.

2️⃣Joe Burnett, a manager at a #Bitcoin financial company, suggests #Binance MicroStrategy should join S&P 500, needing $3.7B more market cap; could boost Bitcoin exposure in portfolios.

3️⃣Galaxy Digital's research indicates #Bitcoinhalving in April could cause 20% #mining power shutdown due to the reduced block rewards, impacting profits.

4️⃣#Uniswap Foundation plans to launch Uniswap v4 in Q3 2024 after #Ethereum's #Dencun upgrade in March 2024.

5️⃣Mad Lads' Backpack Exchange hit $300M trading in 24 hours, propelled by exchange popularity and #Solana #blockchain potential.

6️⃣#VeChain's price surged 35% in 24 hours,leading among top #cryptocurrencies, Positive sentiment, AA implementation, MWC 2024 event fuel momentum. Analysts predict further growth.
Dive into the week's top losers in the #cryptomarket #wormhole leads with a -17.95% drop, followed by #Uniswap at -14.98% and Maker at -13.44%.

Stay informed as we navigate the ups and downs of crypto! And Read Our Research Report

https://coinpedia.org/research-report/web3-blockchain-crypto-weekly-report-insights-and-analysis/
Top #CryptoNews of Past 12 Hours

1️⃣ Matthew Sigel stated that launching a spot
#SolanaETF depended on the 2024 presidential election outcome.

2️⃣ In June,
#Fed officials saw improving inflation, held off rate cuts, noted cooling economic growth.

3️⃣ The U.S.
#CFTC confirmed Bitcoin, Ethereum, OHM, ad Klima as commodities, regulating their futures trading.

4️⃣
#Uniswap team moved 2.359M UNI ($20.2M) to Coinbase Prime, holding 6.64M UNI ($56.77M) now.

5️⃣ On July 3,
#Bitcoin spot ETFs had $20.4495M outflow; GBTC outflow was $26.9947M.

6️⃣The Russian government is exploring legalizing
#stablecoins for international transactions to streamline cross-border payments.
Last week in Crypto:

🔸
#Crypto markets saw significant developments last week, with #Uniswap launching its L2 network and #Ripple facing legal challenges.

🔸Regulatory pressures also intensified, with the
#SEC taking action against #Coinbase and #FTX.

#CoinPedia #CryptoNews #Blockchain
Top 10 DEXs by 7D Spot Volume

➡️Dominating the 7-day spot volume at $48.75B,
#Acala Swap leads the #DEX race.

➡️While
#Uniswap follows in second with $24.75B, showcasing the dominance of decentralized exchanges in the #cryptomarket.

#CoinPedia #CryptoNews #Blockchain