What fueled Solana's skyrocket?
- Token price doubled
- Massive airdrops from Jito (JTO) and Jupiter (JUP)
- Memecoin market explosion (Book of Memes hit $1 billion in 2 days!)
The DEX war is raging!
Who will be the ultimate champion?
Spaceswap is your trusted guide in the ever-evolving DeFi world, keeping you ahead of the curve!
- Token price doubled
- Massive airdrops from Jito (JTO) and Jupiter (JUP)
- Memecoin market explosion (Book of Memes hit $1 billion in 2 days!)
The DEX war is raging!
Who will be the ultimate champion?
Spaceswap is your trusted guide in the ever-evolving DeFi world, keeping you ahead of the curve!
VISA Drops Bombshell: 90% of Stablecoin Transactions Are Fake! #DeFi #Stablecoins
VISA is shaking up the stablecoin space with a groundbreaking revelation: 90% of stablecoin transactions are not genuine!
Partnering with Allium Labs, VISA has compiled a comprehensive dataset (https://usa.visa.com/visa-everywhere/blog/bdp/2024/04/24/making-sense-of-1713984605043.html) across 9 blockchains and 4 stablecoins:
- USDT
- USDC
- USDP
- PYUSD
VISA is shaking up the stablecoin space with a groundbreaking revelation: 90% of stablecoin transactions are not genuine!
Partnering with Allium Labs, VISA has compiled a comprehensive dataset (https://usa.visa.com/visa-everywhere/blog/bdp/2024/04/24/making-sense-of-1713984605043.html) across 9 blockchains and 4 stablecoins:
- USDT
- USDC
- USDP
- PYUSD
To ensure data accuracy, VISA employed two key filters:
1. Largest Transaction Amount: Only the highest transaction amount is considered, excluding internal transactions within complex smart contracts.
2. Account Activity: Accounts with less than 1000 monthly transactions and a total volume below $10 million are included.
VISA's analysis goes further, suggesting that swapping 100 USDT for 100 PYUSDT on Uniswap represents a single $100 transaction, not $200.
Applying these filters to the cumulative volume over the past 30 days reveals a staggering difference: $238.71 billion vs. $2.4 trillion.
This revelation challenges the notion of stablecoins as a threat to traditional payment providers.
What's next for VISA? Could they develop a metric to demonstrate the near-zero actual volume of stablecoins?
#DeFi #Spaceswap #Stablecoins #VISA #Crypto
1. Largest Transaction Amount: Only the highest transaction amount is considered, excluding internal transactions within complex smart contracts.
2. Account Activity: Accounts with less than 1000 monthly transactions and a total volume below $10 million are included.
VISA's analysis goes further, suggesting that swapping 100 USDT for 100 PYUSDT on Uniswap represents a single $100 transaction, not $200.
Applying these filters to the cumulative volume over the past 30 days reveals a staggering difference: $238.71 billion vs. $2.4 trillion.
This revelation challenges the notion of stablecoins as a threat to traditional payment providers.
What's next for VISA? Could they develop a metric to demonstrate the near-zero actual volume of stablecoins?
#DeFi #Spaceswap #Stablecoins #VISA #Crypto
Meme Mania: A Zeitgeist Taking Over DeFi
The memecoin craze is in full swing, with 138 new ERC-20 tokens launched in April alone! That's a 7x increase from April 2023, according to Coinmarketcap.
What's driving this surge?
- Ease of creation: Thanks to new protocol standards and smart contracts, creating a memecoin is now easier than ever. Even celebrities like Morgenstern are getting in on the action.
- Network growth: The popularity of memecoins is attracting users to new blockchains like Solana, which is considered a memecoin hub, and TON, where Memeland recently launched.
The memecoin craze is in full swing, with 138 new ERC-20 tokens launched in April alone! That's a 7x increase from April 2023, according to Coinmarketcap.
What's driving this surge?
- Ease of creation: Thanks to new protocol standards and smart contracts, creating a memecoin is now easier than ever. Even celebrities like Morgenstern are getting in on the action.
- Network growth: The popularity of memecoins is attracting users to new blockchains like Solana, which is considered a memecoin hub, and TON, where Memeland recently launched.
Memecoins are a social experiment, fueled by internet culture and uniting users around shared memes. Holders themselves promote their memecoins by creating content. Doge, with its 4 million Twitter followers, is a prime example, directly incentivizing promotion through token giveaways and airdrops.
This meme-driven approach is creating a decentralized form of marketing. While traditional companies have centralized media strategies, empowering audiences to take charge could revolutionize marketing.
This meme-driven approach is creating a decentralized form of marketing. While traditional companies have centralized media strategies, empowering audiences to take charge could revolutionize marketing.
USDT-TON adoption is on fire!
In less than a month, over 200 million USDT have been issued on the TON blockchain.
This marks Tether's most successful launch ever, setting a new record for stablecoin adoption speed.
What's driving this rapid growth?
- TON's scalability and low transaction fees: TON's efficient infrastructure makes it an ideal platform for USDT transactions.
- Growing DeFi ecosystem on TON: The emergence of DeFi projects on TON is attracting more users and liquidity to the USDT-TON pair.
- Tether's commitment to TON: Tether is actively supporting the TON ecosystem, providing users with access to its stablecoin and fostering innovation.
In less than a month, over 200 million USDT have been issued on the TON blockchain.
This marks Tether's most successful launch ever, setting a new record for stablecoin adoption speed.
What's driving this rapid growth?
- TON's scalability and low transaction fees: TON's efficient infrastructure makes it an ideal platform for USDT transactions.
- Growing DeFi ecosystem on TON: The emergence of DeFi projects on TON is attracting more users and liquidity to the USDT-TON pair.
- Tether's commitment to TON: Tether is actively supporting the TON ecosystem, providing users with access to its stablecoin and fostering innovation.
Crypto Influencers: Hype or Harm? #DeFi #Crypto #Influencers
New study: Crypto influencers may be misleading investors.
Key findings:
- Short-term pump: Influencer tweets can cause short-term price spikes, especially for low-cap cryptos.
- Long-term dump: Prices tend to fall in the long run, suggesting minimal investment value of influencer advice.
- Experts and large followings: The effect is strongest for self-proclaimed experts and influencers with many followers.
- Buy recommendations: Buy recommendations boost the short-term effect but don't change the long-term downward trend.
Takeaways:
- Caution: Be wary of investment advice from crypto influencers.
- SEC concerns: The study aligns with SEC worries about market manipulation.
Do your own research! Spaceswap empowers you to make informed DeFi decisions. #Spaceswap #Crypto
New study: Crypto influencers may be misleading investors.
Key findings:
- Short-term pump: Influencer tweets can cause short-term price spikes, especially for low-cap cryptos.
- Long-term dump: Prices tend to fall in the long run, suggesting minimal investment value of influencer advice.
- Experts and large followings: The effect is strongest for self-proclaimed experts and influencers with many followers.
- Buy recommendations: Buy recommendations boost the short-term effect but don't change the long-term downward trend.
Takeaways:
- Caution: Be wary of investment advice from crypto influencers.
- SEC concerns: The study aligns with SEC worries about market manipulation.
Do your own research! Spaceswap empowers you to make informed DeFi decisions. #Spaceswap #Crypto
Altseason is brewing, and Coinbase is making it even easier to get in on the action!
Coinbase has just launched their new "smart" gasless wallet, making it easier than ever to store, send, and receive crypto.
No more worrying about gas fees or complicated recovery phrases - this wallet takes care of it all for you.
And with the altseason heating up, now is the perfect time to start stocking up on your favorite altcoins.
So what are you waiting for? Mass-adoption is on the go
#altseason #crypto #Coinbase #wallet
Coinbase has just launched their new "smart" gasless wallet, making it easier than ever to store, send, and receive crypto.
No more worrying about gas fees or complicated recovery phrases - this wallet takes care of it all for you.
And with the altseason heating up, now is the perfect time to start stocking up on your favorite altcoins.
So what are you waiting for? Mass-adoption is on the go
#altseason #crypto #Coinbase #wallet
Euro 2024 fever is on, and everyone's creating custom tokens! ⚽️
Fantasy teams, favorite players, even memes - the possibilities are endless!
Want to get in on the action?
Spaceswap's ERC20 Generator lets you create your own tokens in minutes, with options for Mintable, Burnable, Unlimited, Advanced, and Taxable features.
No coding required, just pure token-making fun!
#Euro2024 #crypto #tokens #ERC20 #Spaceswap
Fantasy teams, favorite players, even memes - the possibilities are endless!
Want to get in on the action?
Spaceswap's ERC20 Generator lets you create your own tokens in minutes, with options for Mintable, Burnable, Unlimited, Advanced, and Taxable features.
No coding required, just pure token-making fun!
#Euro2024 #crypto #tokens #ERC20 #Spaceswap
Hamster Kombat: The Most Adorable Gateway to Fake DeFi?
Turns out, all it takes to get millions into crypto is a game where you tap a hamster... repeatedly. This "tap-to-earn" craze might be full of hot air (and fake accounts), but hey, at least it's getting people to explore Telegram wallets and airdrops!
Maybe this is the future of DeFi: mindless tapping instead of complex financial maneuvers. Who needs understanding yield farming when you have adorable hamsters? ♂️
#HamsterKombat #DeFi #Crypto
Turns out, all it takes to get millions into crypto is a game where you tap a hamster... repeatedly. This "tap-to-earn" craze might be full of hot air (and fake accounts), but hey, at least it's getting people to explore Telegram wallets and airdrops!
Maybe this is the future of DeFi: mindless tapping instead of complex financial maneuvers. Who needs understanding yield farming when you have adorable hamsters? ♂️
#HamsterKombat #DeFi #Crypto
- Meme Coins: These internet sensations took the crown with an average return of 1,834%! Doge, Shiba Inu, and their memey pals were all the rage, proving that sometimes, the most ridiculous ideas have the biggest payoffs.
- Real-World Assets (RWAs): Bringing real-world assets like stocks and real estate onto the blockchain was a hot trend in 2024, and investors were rewarded with an average return of 213%. Who says you can't make money from bricks and clicks?
- AI: Artificial intelligence is the future, and crypto is taking notice. AI-powered projects saw an average return of 72%, as investors bet on the potential of this groundbreaking technology.
So, what does this mean for the rest of 2024?
Well, it's hard to say for sure, but one thing's for certain: the crypto market is never going to be boring. Buckle up, fam, and get ready for another wild ride!
#CryptoWinners #MemeCoins #RWAs #AI
P.S. Want to join the winning team? Come hang out with the DeFi degens at Spaceswap. We're always on the lookout for the next big thing.
- Real-World Assets (RWAs): Bringing real-world assets like stocks and real estate onto the blockchain was a hot trend in 2024, and investors were rewarded with an average return of 213%. Who says you can't make money from bricks and clicks?
- AI: Artificial intelligence is the future, and crypto is taking notice. AI-powered projects saw an average return of 72%, as investors bet on the potential of this groundbreaking technology.
So, what does this mean for the rest of 2024?
Well, it's hard to say for sure, but one thing's for certain: the crypto market is never going to be boring. Buckle up, fam, and get ready for another wild ride!
#CryptoWinners #MemeCoins #RWAs #AI
P.S. Want to join the winning team? Come hang out with the DeFi degens at Spaceswap. We're always on the lookout for the next big thing.
$WELL: A Launch Gone Wrong
Looks like the $WELL token from the Well3 project had a rather...unfortunate launch.
The team promised token claims at 12:45 PM (MSK) and listings on exchanges at 1:00 PM (MSK). But instead of a smooth rollout, we got a whole lot of drama.
At 2:40 PM, the team announced a smart contract issue and delayed the claim. Meanwhile, $WELL was already plummeting on exchanges crashing from an initial price of $0.22 to a mere $0.002.
With the claim still unavailable, the community suspected the developers of dumping tokens themselves.
Two hours later, the claim button finally went live, but only for presale participants and NFT holders. And to add insult to injury, the smart contract required fees for claiming and additional charges for the tokens themselves.
Looks like the $WELL token from the Well3 project had a rather...unfortunate launch.
The team promised token claims at 12:45 PM (MSK) and listings on exchanges at 1:00 PM (MSK). But instead of a smooth rollout, we got a whole lot of drama.
At 2:40 PM, the team announced a smart contract issue and delayed the claim. Meanwhile, $WELL was already plummeting on exchanges crashing from an initial price of $0.22 to a mere $0.002.
With the claim still unavailable, the community suspected the developers of dumping tokens themselves.
Two hours later, the claim button finally went live, but only for presale participants and NFT holders. And to add insult to injury, the smart contract required fees for claiming and additional charges for the tokens themselves.
In the end, many users found themselves paying more in fees than the tokens were worth.
As for the general crypto community, it seems they're left with nothing but crumbs. And the developers? Well, they've been radio silent for the past 24 hours.
#Well3 #LaunchFail #Spaceswap
P.S. Always do your own research before investing in any crypto project.
As for the general crypto community, it seems they're left with nothing but crumbs. And the developers? Well, they've been radio silent for the past 24 hours.
#Well3 #LaunchFail #Spaceswap
P.S. Always do your own research before investing in any crypto project.
Crypto Market Takes a $170 Billion Plunge
Yikes! The crypto market has taken a nosedive, shedding a whopping $170 billion in just 24 hours.
Bitcoin (BTC) is down to $54,360, Ethereum (ETH) is at $2,871, and even TON has fallen to the devilish number of $6.66.
The only thing going up is trading volume, which has surged by 55%.
To add to the pain, over $580 million in long positions were liquidated in the past day, and the Fear and Greed Index has sunk to a dismal 29.
Is this the end of the crypto bull run? Or is it just a temporary dip?
Only time will tell. But one thing's for sure: the crypto market is a wild ride!
#CryptoCrash #Volatility #Spaceswap
P.S. Looking for a safe haven in this crazy market? Come swap, farm, and earn with peace of mind on Spaceswap.
Yikes! The crypto market has taken a nosedive, shedding a whopping $170 billion in just 24 hours.
Bitcoin (BTC) is down to $54,360, Ethereum (ETH) is at $2,871, and even TON has fallen to the devilish number of $6.66.
The only thing going up is trading volume, which has surged by 55%.
To add to the pain, over $580 million in long positions were liquidated in the past day, and the Fear and Greed Index has sunk to a dismal 29.
Is this the end of the crypto bull run? Or is it just a temporary dip?
Only time will tell. But one thing's for sure: the crypto market is a wild ride!
#CryptoCrash #Volatility #Spaceswap
P.S. Looking for a safe haven in this crazy market? Come swap, farm, and earn with peace of mind on Spaceswap.
Solana Summer is in full swing! ☀️
Solana trading volumes are skyrocketing, surging 75% in just a week, making it the top blockchain by volume!
What's fueling this epic rally?
- Memecoin mania is back, with Solana-based memecoins like Bonk and Dogecoin leading the charge.
- Anticipation is building for a Solana spot ETF, with 21Shares and VanEck both filing applications. ️
Is this the start of another Solana bull run? Only time will tell, but one thing's for sure: Solana is heating up!
Solana trading volumes are skyrocketing, surging 75% in just a week, making it the top blockchain by volume!
What's fueling this epic rally?
- Memecoin mania is back, with Solana-based memecoins like Bonk and Dogecoin leading the charge.
- Anticipation is building for a Solana spot ETF, with 21Shares and VanEck both filing applications. ️
Is this the start of another Solana bull run? Only time will tell, but one thing's for sure: Solana is heating up!
Whales Are Gobbling Up Bitcoin While Germany Dumps: Are We Heading for a Bull Run? 🇩🇪
While Germany is busy selling off its confiscated Bitcoin, the smart money is buying!
Blackrock and the whales are scooping up BTC at these discounted prices, signaling their bullish outlook.
Germany's BTC stash is dwindling, with only 15,552 BTC ($894 million) left, after selling off 70% of its holdings.
Is this the start of another Bitcoin bull run?
Only time will tell, but one thing's for sure: the whales know something we don't.
While Germany is busy selling off its confiscated Bitcoin, the smart money is buying!
Blackrock and the whales are scooping up BTC at these discounted prices, signaling their bullish outlook.
Germany's BTC stash is dwindling, with only 15,552 BTC ($894 million) left, after selling off 70% of its holdings.
Is this the start of another Bitcoin bull run?
Only time will tell, but one thing's for sure: the whales know something we don't.
Corporate Bitcoin FOMO: Big Players Stacking Sats
The Bitcoin train is still chugging along, and this time, it's packed with corporate giants! Companies like MicroStrategy, Tesla, and Mercado Livre are leading the charge, accumulating millions of dollars worth of Bitcoin.
Why the sudden love for crypto?
Many see Bitcoin as a hedge against inflation and a store of value for the long term. Plus, the rise of Bitcoin ETFs has made it easier for institutions to get their hands on the digital gold.
So, what's next for Bitcoin?
With more and more big players joining the party, it's hard to say where the price will go. But one thing's for sure: Bitcoin is here to stay.
#Bitcoin #Corporations #Adoption #Crypto #BullRun
The Bitcoin train is still chugging along, and this time, it's packed with corporate giants! Companies like MicroStrategy, Tesla, and Mercado Livre are leading the charge, accumulating millions of dollars worth of Bitcoin.
Why the sudden love for crypto?
Many see Bitcoin as a hedge against inflation and a store of value for the long term. Plus, the rise of Bitcoin ETFs has made it easier for institutions to get their hands on the digital gold.
So, what's next for Bitcoin?
With more and more big players joining the party, it's hard to say where the price will go. But one thing's for sure: Bitcoin is here to stay.
#Bitcoin #Corporations #Adoption #Crypto #BullRun
ETH ETFs are LIVE! 🚀
Today marks a historic day for crypto as the first-ever day when spot Ethereum ETFs hit the market! Expect some serious volatility as traditional investors dive headfirst into the world of ETH.
What does this mean for Spaceswap? Get ready for increased liquidity and potentially more trading opportunities. We're excited to see how this will shape the future of decentralized finance.
Let's make the most of this new era together!
#ETHETF #Ethereum #Spaceswap #DeFi
Today marks a historic day for crypto as the first-ever day when spot Ethereum ETFs hit the market! Expect some serious volatility as traditional investors dive headfirst into the world of ETH.
What does this mean for Spaceswap? Get ready for increased liquidity and potentially more trading opportunities. We're excited to see how this will shape the future of decentralized finance.
Let's make the most of this new era together!
#ETHETF #Ethereum #Spaceswap #DeFi