Honey (HNY) news

Berachain: A Guide to the Proof-of-Liquidity Blockchain & BERA Listing on February 6, 2025

The crypto world is buzzing about Berachain, a new Layer 1 blockchain that introduces a fresh take on staking and liquidity incentives. Unlike traditional Proof-of-Stake (PoS) networks, where validators stake tokens to secure the chain, Berachain operates on a Proof-of-Liquidity (PoL) model—meaning staking isn’t just about security, it’s about boosting DeFi liquidity as well. With its mainnet launch and BERA token listing happening on February 6, many are wondering: What is Berachain? How does it work? And what does it mean for investors and developers? This guide breaks it all down in a simple, clear, and informative way. What Is Berachain? Berachain is a high-performance, EVM-identical Layer 1 blockchain that integrates Ethereum’s smart contract functionality with Proof-of-Liquidity (PoL) consensus model. Designed to enhance liquidity, security, and decentralized finance (DeFi) applications, Berachain provides a developer-friendly environment while optimizing blockchain economics. Built using BeaconKit, Berachain utilizes the CometBFT consensus algorithm to achieve single-slot finality, enabling faster transactions and enhanced scalability. The PoL model ensures that network participants—validators, liquidity providers, and dApps—are economically aligned to maximize rewards and secure the network efficiently. How Berachain Works 1. Proof-of-Liquidity (PoL) – A New Consensus Model Berachain replaces traditional staking with Proof-of-Liquidity, a mechanism that integrates validators, users, and DeFi protocols into a unified incentive model. Validators must stake BERA and direct BGT emissions to liquidity providers in Reward Vaults, creating a self-sustaining liquidity cycle. Key benefits of PoL: - Validators must align with DeFi protocols and liquidity providers to maximize rewards. - Liquidity providers earn BGT rewards, ensuring deeper liquidity across the ecosystem. - Protocols compete for validator emissions, increasing user participation in DeFi. 2. EVM Compatibility – Easy Migration for Developers Berachain is fully compatible with Ethereum, meaning that developers can seamlessly deploy smart contracts, decentralized applications (dApps), and existing DeFi protocols without modification. This reduces migration friction for projects looking to expand from Ethereum or other EVM chains. 3. BeaconKit & CometBFT – Faster Transactions & Instant Finality Berachain uses BeaconKit, a modular consensus framework that integrates CometBFT, an advanced blockchain consensus mechanism. This setup allows Berachain to achieve single-slot finality, meaning transactions are confirmed instantly, instead of waiting for multiple blocks like on Ethereum. Berachain Network’s Tri-Token System Berachain operates on a unique tri-token economy, where each token has a specific role in network security, governance, and stable transactions. 1. BERA (Native Utility Token) - Used to pay gas fees for transactions on the network. - Staked by validators to secure the blockchain. - Burned upon use, reducing circulating supply over time. 2. BGT (Bera Governance Token) - Non-transferable, earned through Reward Vaults by participating in DeFi activities. - Used for governance voting and influencing validator emissions. - Can be burned 1:1 for BERA, but BERA cannot be converted back into BGT. 3. HONEY (Stablecoin) - A soft-pegged stablecoin backed by collateralized assets. - Used for payments, DeFi trading, and stable transactions within the Berachain ecosystem. - Can be minted by depositing whitelisted collateral into vaults. This three-token system creates a balanced and sustainable blockchain economy where each token has a clear, functional role instead of just existing for speculation. The Berachain Airdrop The BERA airdrop is one of the most anticipated events in crypto and DeFi, with 632 million BERA tokens being distributed to early supporters. Berachain Airdrop Allocation Source: Berachain Blog Who Is Eligible? - Testnet Users – Participants of Artio and bArtio testnets. - Liquidity Providers – Users who contributed assets to Berachain’s Boyco program. - Bong Bears NFT Holders – Owners of Berachain’s NFT collections. - Social & Community Contributors – Active users on Twitter (X), Discord, and Web3 forums. - And others. How to Claim BERA? 1. Check Eligibility: Visit the official Berachain Airdrop Checker. 2. Verify Wallet: Connect your wallet or social accounts for verification. 3. Claim on Launch Day: Access the claim portal at airdrop.berachain.com. BERA Goes Live on Bitget The BERA token is the native gas and staking token of the Berachain blockchain. It is used to pay for transaction fees, secure the network through staking, and enable DeFi applications within the Berachain ecosystem. BERA is burned upon use, reducing its circulating supply over time. The total genesis supply of BERA is 500 million tokens, with allocations for validators, liquidity incentives, community rewards, and ecosystem development. BERA Distribution and Allocation Source: Berachain Docs We are thrilled to announce that Berachain (BERA) will be listed in the Innovation and Public Chain Zone! Check out the details below: Deposit Available: Opened Trading Available: Trading will launch when liquidity requirements are met Withdrawal Available: 7 February 2025, 14:00 (UTC) Spot Trading Link: BERA/USDT Users can also buy BERA with 0% fees using credit/debit cards in over 140+ currencies, including EUR, GBP, AUD, BRL, and more, for a limited time. Get ready to trade BERA on Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitget Research: BTC Loses Momentum and Retraces to Recent Rally Point, Meme Sector Continues to Cool Down

the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight. In Summary: 1.Popular Tokens: FANTA (Token) — FANTA is a meme created by a crypto influencer, with its IP being the famous beverage brand, Fanta. The token was launched after a pre-sale round in the community. The on-chain liquidity is US$708,000, and the trading volume in the last 24 hours is US$12.27 million. Contract checks have shown no issues. As the token has just been launched, its price is highly volatile, making it essential to be cautious. PLOUTΩS (Token) — This is a memecoin with the concept of the ancient Greek god of wealth. Its value dropped by 84.62% today. The project founder announced on Twitter that they have sold 0.5% of their tokens. The current on-chain liquidity is US$436,000, and the trading volume in the last 24 hours is US$11.16 million. Contract checks have shown no issues. The token’s price is highly volatile, making it essential to be cautious. OPEPE (Token) — Ordinal Pepe, positioned as the first PEPE on BTC, raised 498 ETH on PinkSale. The on-chain liquidity is US$903,000, and the trading volume in the last 24 hours is US$7.71 million. As the token has just been launched, its price is extremely volatile, and contract checks have revealed a proxy contract, making it essential to be cautious. MRF (Token) — The user of the first slot after the opening of the early ETH beaconcha. The project has 10,400 followers on Twitter. The on-chain liquidity is US$5.77 million, and the trading volume in the last 24 hours is US$76.94 million, with 2846 holders. Contract checks have shown no issues. It is essential to stay updated on this token. RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The blurr account holds assets worth more than US$20 million on-chain. The current on-chain liquidity of the token is US$13.52 million, and the trading volume in the last 24 hours is US$62.12 million. Contract checks have shown no issues. It is essential to stay updated on RFD. TinyTap Game Events (Token) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. The project is set to host an AMA tonight and is about to launch NFTs and other products, which could stimulate the EDU token. AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be quite professionally done, and there’s already a usable product. The on-chain transactions in the past 24 hours have reached 32,496, with a trading volume of US$2.47 million. There are no apparent risks in the contract. BTCPIZZA (Token) — The contract check reveals issues such as extractable Ethereum, airdrop risk, potential honey pot risk, etc. The on-chain liquidity is US$160,000, and the trading volume in the past 24 hours is US$4.81 million. Users are advised to be cautious about the risks. AIPEPE (Token) — This is a Pepe token on Polygon. The on-chain liquidity is US$167,000, and the total trading volume in the past 24 hours is US$11,800, with 13,800 holders. While the on-chain activity is decent, the trading volume is relatively low. The contract has no reported issues and is worth keeping an eye on. EP (Token) — Firebot, positioned as a Polygon ecosystem DeFi strategy, offering users multiple investment options. The project’s token is FBX, and 300 FBX can be exchanged for 1 EP. Staking EP is required to continue receiving FBX inflation rewards. EP’s on-chain liquidity is US$246,000, and the trading volume in the past 24 hours is less than US$10,000, indicating low user trading activity. Tulip Game (Token) — Positioned as a speculative-type game on Arbitrum. The token mechanism integrates elements of Fomo3D, CryptoCountries, Safemoon, etc., and has significant popularity in the community. The on-chain liquidity of the token is US$200,000, and the trading volume in the past 24 hours is US$2.04 million. The token price is highly volatile. The contract check reveals a 15% buy and sell tax and whitelist-setting functions, indicating certain risks. It is essential to observe this token. $MAY (Token) — This is an investment DEX fund built on Arbitrum and zkSync. The on-chain liquidity of the token is US$257,000, and the trading volume in the past 24 hours is US$423,000. Contract checks have shown no issues. It is essential to observe this token. 2.Popular NFTs: The AI Odyssey (NFT) — The project proclaims itself as a social experiment involving artificial intelligence and blockchain technology. From April 25 to May 10, users could mint the NFT for free and automatically receive 15,000 AINFT tokens. Sharing the NFT on Twitter offers a chance to win 5000 USDT. The NFT is currently available on OpenSea with a total minting volume of 79,100 and 19,766 holders. 3.Popular DApps: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 618,000 unique wallet addresses on the zkSync Era mainnet, with 240,000 ETH bridged to zkSync and a total of 749,000 transfers. zkSync is currently conducting a promotion with Galxe. Seaport (DApp) — Seaport is a new open-source Web3 marketplace protocol for the secure and efficient buying and selling of NFTs. Seaport first launched on Ethereum and has now also been deployed on Polygon. Its data is considered a standard measure of OpenSea trading volume. As the price of Blur’s token has declined and interest has waned, the frequency and volume of Blur trades have also decreased. The most notable impact is that Seaport gas consumption has once again surpassed Blur. PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. ETH2 Deposit Contract (DApp) — It has been over a month since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 21.047 million, with a staking rate of 17.66%. This represents an increase of approximately 30 million ETH compared to before the upgrade. Currently, the wait time for unstaking ETH is less than 5 days, while the queue time for staking has increased. The utilization of the ETH2 staking contract has improved. SushiSwap (DApp) — Today marks the 1000th day since the foundation of SushiSwap. SushiSwap, in collaboration with Galxe, has launched a Millenniversary Swap promotion. By following them on Twitter and trading tokens worth more than US$5 on SushiSwap, users can win the corresponding NFT reward. This promotion is valid for one day only. 4.Twitter Hot Topics: EDU (Token) — Publisher NFT is set to reopen. It provides substantial income for educators through NFT sales, while NFT buyers (also known as co-publishers) earn regular income from marketing their course content to the community. Binance’s Auto-Invest now supports $EDU. OVR (Token) — Apple is set to hold an “Apple Park Special Event” on June 5, rumored to be a launch for new AR/VR products. Apple Reality Pro is expected to become one of the most powerful XR headphones. Capitalizing on Apple’s hotspot, the AR project OVR has launched an App Store Giveaway promotion that will take place between May 22 and June 9. The CEO will give a speech at Web3 Live London on June 1. OVR quickly climbed to first place on Coingecko’s Top Trending Cryptocurrencies list. 5.Regional Trending Searches: KAVA, WAVES (Token) — Korean Digital Asset Exchange Alliance (DAXA) member trading platforms (Upbit, Bithumb, Coinone, Korbit, and Gopax) have lifted their investment warnings on KAVA and WAVES. Korean exchange UPBIT has resumed deposit services for KAVA and WAVES. Hong Kong-Related Tokens (KEY, CFX, ACH, LINA, and HIGH) — According to the Bloomberg News on May 23rd, the Chinese Hong Kong Securities and Futures Commission will hold a press conference at 4:15 PM today regarding the consultation results on the regulatory requirements for virtual asset trading platform operators. Bloomberg anticipates that Hong Kong investors will be able to trade cryptocurrencies such as BTC and ETH under suitable protection measures starting in June. Main Body Written by: Bitget Research Data collection time: May 24, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1.Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 398,402 New active users of ETH: 73,718, with a daily increase of 3.03% Existing active users of ETH: 324,684, with a daily increase of 1.40% 1.1.2 New User Profile Core data: There were a total of 73,718 new active users on ETH yesterday, with a daily increase of 3.03% Popular Sectors Popular Projects Key Projects: zkSync (DApp) — Recently, zkSync’s interaction activity has consistently been at the top on Ethereum in terms of new users. According to the latest data from Dune, there are 618,000 unique wallet addresses on the zkSync Era mainnet, with 240,000 ETH bridged to zkSync and a total of 749,000 transfers. zkSync is currently conducting a promotion with Galxe. 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 324,684, with a daily increase of 1.40% Popular Sectors Popular Projects Key Projects: Seaport (DApp) — Seaport is a new open-source Web3 marketplace protocol for the secure and efficient buying and selling of NFTs. Seaport first launched on Ethereum and has now also been deployed on Polygon. Its data is considered a standard measure of OpenSea trading volume. As the price of Blur’s token has declined and interest has waned, the frequency and volume of Blur trades have also decreased. The most notable impact is that Seaport gas consumption has once again surpassed Blur. 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 FANTA (Token) — FANTA is a meme created by a crypto influencer, with its IP being the famous beverage brand, Fanta. The token was launched after a pre-sale round in the community. The on-chain liquidity is US$708,000, and the trading volume in the last 24 hours is US$12.27 million. Contract checks have shown no issues. As the token has just been launched, its price is highly volatile, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0xc63a4dd7c0a3f58cc619cf52163c88789c06f1b2 PLOUTΩS (Token) — This is a memecoin with the concept of the ancient Greek god of wealth. Its value dropped by 84.62% today. The project founder announced on Twitter that they have sold 0.5% of their tokens. The current on-chain liquidity is US$436,000, and the trading volume in the last 24 hours is US$11.16 million. Contract checks have shown no issues. The token’s price is highly volatile, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0x1d4e66b826c8bf8e3c93574386a8dd723b3a912f SLASHA (Token) — Based on the token contract, it is suspected of being a scam (potential rug pull risk). Users are advised to be cautious of risks. https://www.dextools.io/app/en/ether/pair-explorer/0x5ace990e0176e40e470e2e039fac27f4ba4efeb8 OPEPE (Token) — Ordinal Pepe, positioned as the first PEPE on BTC, raised 498 ETH on PinkSale. The on-chain liquidity is US$903,000, and the trading volume in the last 24 hours is US$7.71 million. As the token has just been launched, its price is extremely volatile, and contract checks have revealed a proxy contract, making it essential to be cautious. https://www.dextools.io/app/en/ether/pair-explorer/0x923f4273596c31fa437a03ea7f590374dfa1bedf 1.2.2 Uniswap V3 MRF (Token) — The user of the first slot after the opening of the early ETH beaconcha. The project has 10,400 followers on Twitter. The on-chain liquidity is US$5.77 million, and the trading volume in the last 24 hours is US$76.94 million, with 2846 holders. Contract checks have shown no issues. It is essential to stay updated on this token. https://www.dextools.io/app/en/ether/pair-explorer/0xdb1d1c9a42e3d10717c415bd06853ea7ae818823 RFD (Token) — Refund Coin was launched by the CryptoPunk NFT billionaire blurr.eth. The blurr account holds assets worth more than US$20 million on-chain. The current on-chain liquidity of the token is US$13.52 million, and the trading volume in the last 24 hours is US$62.12 million. Contract checks have shown no issues. It is essential to stay updated on RFD. https://www.dextools.io/app/en/ether/pair-explorer/0x6c4c7f46d9d4ef6bc5c9e155f011ad19fc4ef321 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,470,816 New active users on BSC: 206,187, with a daily decrease of 4.29% Existing active users on BSC: 1,264,629, with a daily decrease of 4.68% 2.1.2 New User Profile Core data: There were a total of 206,187 new active users on BSC yesterday, with a daily decrease of 4.29% Popular Sectors Popular Projects Key Projects: TinyTap Game Events (Token) — A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It is among the top 10 highest-grossing children’s mobile apps on the App Store and Google Play. The project is set to host an AMA tonight and is about to launch NFTs and other products, which could stimulate the EDU token. 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,264,629, with a daily decrease of 4.68% Popular Sectors Popular Projects Key Projects: PlaybuxQuest (DApp) — Playbux is a metaverse project on the Binance Smart Chain that integrates real-world shops (shop-to-earn), DeFi, NFT, and virtual community promotions. Users can explore the blockchain world (such as PancakeSwap, 1inch, NFT marketplace, mini-games, etc.) within Playbux’s metaverse while also experiencing real-world shopping and getting rebates on the platform. The project is currently running an airdrop promotion, and recent on-chain interactions have been promising. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 AiONE (Token) — A platform for AI as a Service (AIaaS) that has raised US$3 million in private funding. Its financing information has been published on the U.today website and on Twitter. The website appears to be quite professionally done, and there’s already a usable product. The on-chain transactions in the past 24 hours have reached 32,496, with a trading volume of US$2.47 million. There are no apparent risks in the contract. BTCPIZZA (Token) — The contract check reveals issues such as extractable Ethereum, airdrop risk, potential honey pot risk, etc. The on-chain liquidity is US$160,000, and the trading volume in the past 24 hours is US$4.81 million. Users are advised to be cautious about the risks. https://www.dextools.io/app/en/bnb/pair-explorer/0x0c3759e4da39fdc083758b62dab2dc8519733017 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 447,611 New active users on Polygon: 124,969, with a daily increase of 7.67% Existing active users on Polygon: 322,642, with a daily increase of 0.28% 3.1.2 New User Profile Core data: There were a total of 124,969 new active users on Polygon yesterday, with a daily increase of 7.67% Popular Sectors Popular Projects Key Projects: AIPEPE (Token) — This is a Pepe token on Polygon. The on-chain liquidity is US$167,000, and the total trading volume in the past 24 hours is US$11,800, with 13,800 holders. While the on-chain activity is decent, the trading volume is relatively low. The contract has no reported issues and is worth keeping an eye on. https://www.dextools.io/app/en/polygon/pair-explorer/0xc143161ed3ed8049bb63d8da42907c08a10e2269 The AI Odyssey (NFT) — The project proclaims itself as a social experiment involving artificial intelligence and blockchain technology. From April 25 to May 10, users could mint the NFT for free and automatically receive 15,000 AINFT tokens. Sharing the NFT on Twitter offers a chance to win 5000 USDT. The NFT is currently available on OpenSea with a total minting volume of 79,100 and 19,766 holders. https://opensea.io/collection/the-ai-odyssey-3 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 322,642, with a daily increase of 0.28% Popular Sectors Popular Projects Key Projects: ZED RUN (DApp) — A horse racing game that has already launched, with 67,000 followers on Twitter and 231,000 monthly visits according to Similarweb. The majority of visitors are from the United Kingdom (40.33%) and the United States (40.07%). The game is very popular within its community. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 EP (Token) — Firebot, positioned as a Polygon ecosystem DeFi strategy, offering users multiple investment options. The project’s token is FBX, and 300 FBX can be exchanged for 1 EP. Staking EP is required to continue receiving FBX inflation rewards. EP’s on-chain liquidity is US$246,000, and the trading volume in the past 24 hours is less than US$10,000, indicating low user trading activity. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 234,351 Arbitrum New Active Users: 46,620, with a daily increase of 3.89% Arbitrum Existing Active Users: 187,731, with a daily increase of 23.91% 4.1.2 New User Profile Core data: There were a total of 46,620 new active users on Arbitrum yesterday, with a daily increase of 3.89% Popular Sectors Popular Projects Key Projects: Socket (DApp) — A multi-chain application. Its main product is the Bungee cross-chain aggregator, which has been activated in May to test the network. The project has been very well received by the market. Its user-friendly gas rebate has garnered positive feedback in the community. 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 187,731, with a daily increase of 23.91% Popular Sectors Popular Projects Key Projects: Tulip Game (Token) — Positioned as a speculative-type game on Arbitrum. The token mechanism integrates elements of Fomo3D, CryptoCountries, Safemoon, etc., and has significant popularity in the community. The on-chain liquidity of the token is US$200,000, and the trading volume in the past 24 hours is US$2.04 million. The token price is highly volatile. The contract check reveals a 15% buy and sell tax and whitelist-setting functions, indicating certain risks. It is essential to observe this token. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x91e13d076acb6baad2df435dd0e10adf1b19c8d6 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 AIDOGE (Token) — On May 24, the project announced the permanent burning of 9.8% of the tokens, which had a certain stimulative effect. However, due to the lack of momentum in BTC, AIDOGE’s performance has been average. The current on-chain liquidity of the token is US$2.2 million, with a 24-hour trading volume of only US$560,000. https://www.dextools.io/app/en/arbitrum/pair-explorer/0x6a78e84fa0edad4d99eb90edc041cdbf85925961 $MAY (Token) — This is an investment DEX fund built on Arbitrum and zkSync. The on-chain liquidity of the token is US$257,000, and the trading volume in the past 24 hours is US$423,000. Contract checks have shown no issues. It is essential to observe this token. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xc4cb50b2ad4bebb59d7ebe3cbea9a747725c613c 5.DApp Ecosystem — All Chains Stargate (DApp) — Developed by the LayerZero Labs team, Stargate is a fully composable liquidity transfer protocol and the core of Omnichain DeFi. Recently, rumors in the community suggested that LayerZero had taken a snapshot for airdrop, but this was later denied by the official team. Stargate, as the core product of the ecosystem, hit a new high in interaction volume in May, and the total number of addresses that staked STG has reached 668,000, with the highest numbers on Arbitrum and Polygon. SLM Games (Dapp) — A crypto-based gambling platform that spans multiple chains, including BTC and ETH. There are currently six types of games, and the project has 513 followers on Twitter. SLM Games had an update in February this year and has seen new traffic entering as a result of its marketing operations, but overall popularity is average. 6.DApp Ecosystem — ETH Chain ETH2 Deposit Contract (DApp) — It has been over a month since the Shanghai upgrade, and Ethereum’s staking numbers are steadily increasing. The total number of staked ETH has reached 21.047 million, with a staking rate of 17.66%. This represents an increase of approximately 30 million ETH compared to before the upgrade. Currently, the wait time for unstaking ETH is less than 5 days, while the queue time for staking has increased. The utilization of the ETH2 staking contract has improved. 7.DApp Ecosystem — BSC Chain Yuliverse (DApp) — A parallel world metaverse game, inspired by Pokemon Go and Tinder. Combining Move2Earn, GameFi, and Social concepts, it serves as a social and lifestyle application where simply moving around in the community can earn rewards and help meet new friends in Yuliverse. The project is backed by investment institutions including Animoca and Lif Capital. The team is from Hong Kong, and the product is currently available for download in the App Store. 8.DApp Ecosystem — Polygon Chain Woofi (Dapp) — WOO X is created by the crypto hedge fund Kronos Research. On May 23, investigative journalist Chris Brunet published an article scrutinizing the decentralized crypto trading platform WOO X, questioning its current financial health and suspecting that the platform has misappropriated user assets, resulting in insolvency. Data from Nansen shows that WOO X’s assets can currently cover only about 80% of its deposits, with 45% of the assets composed of WOO tokens. Subsequently, the official team refuted the report, stating that their assets are safe and can be publicly verified on-chain. They are currently hosted in two institutions, and Nansen only read one of them, which is why the data seems incomplete. Element Market (DApp) — A community-driven and aggregated NFT trading marketplace. The project is focused on multi-chain support and reducing gas fees. It achieves lower gas expenses by optimizing transactions and smart contracts. It will soon open the Ordinals NFT trading marketplace, starting with a beta test. 9.DApp Ecosystem — WAX Chain NiftyKicks Factory (DApp) — Nifty Kicks is the first P2E game built on the Wax chain with a factory concept. It has 12,000 followers on Twitter. Today, Warrior Lion Gaming’s PFP Drop is taking place on the platform, raising its popularity. 10.DApp Ecosystem — Solana Chain Magic Eden (DApp) — The largest NFT trading marketplace on Solana, it has transitioned to multi-chain development recently. Yesterday, the sale of AssetDash Vanta’s member NFTs took place, a total of 10,000 were sold out within 20 minutes, with a current trading volume of 25,700 SOL. AssetDash Vanta is a consumer application in the cryptocurrency and NFT sectors. Its members use AssetDash to track their entire investment portfolio, earn rewards, participate in weekly free giveaways, unlock exclusive deals, and more. 11.DApp Ecosystem — Arbitrum Chain SushiSwap (DApp) — Today marks the 1000th day since the foundation of SushiSwap. SushiSwap, in collaboration with Galxe, has launched a Millenniversary Swap promotion. By following them on Twitter and trading tokens worth more than US$5 on SushiSwap, users can win the corresponding NFT reward. This promotion is valid for one day only. 12.DApp Ecosystem — GameFi Sector Across All Chains Pixels Game (DApp) — Pixels is a pixel-style, interactive Web3 farming game. In the game, players can use memecoins like PEPE to purchase fertilizer. Recently, several in-game parties were held in collaboration with other projects, stimulating daily activity. 13.Gas Fee Consumption — ETH Chain Blur (Dapp, Token) — Recently, large volumes of blue-chip NFTs like MAYC and Doodles have been sold through Blur. Binance US will open trading for BLUR/USD and BLUR/USDT pairs at 20:00 Beijing Time on May 24th. Deposits are already open. 14.Gas Fee Consumption — BSC Chain Link3 (DApp) — The protocol behind this product, CyberConnect, announced the launch of its native token CYBER. CyberConnect raised $5.4 million through its token sale on CoinList. A total of 532,000 users from 112 countries registered, and 11,540 participants participated in the token sale. 15.Gas Fee Consumption — Polygon Chain XEN (Token) — Currently, several XEN-related contract addresses appear in the top 10 on Polygon Gas consumption, including RobotXEN, Cointool, and MCTXenft tools that can batch mint XEN, resulting in higher gas usage. XEN has created its own mini-ecosystem, including XENFT, XEN Torrent, DBXEN, and Xenlon. Multiple projects in the XEN ecosystem revolve around the core interaction of “burning XEN.” 16.Gas Fee Consumption — Arbitrum Chain Gelato (DApp) — Gelato Network is a protocol focused on automating Ethereum smart contracts. Essentially, it’s an execution-layer infrastructure and a powerful tool for Web3 developers, aiming to build a large and perfect smart contract robot system. When certain preset conditions are triggered (both on-chain and off-chain), the system captures the signal and automatically executes the corresponding operations of the smart contract as required. The token GEL has shown no significant fluctuations recently. It is essential to observe this project. 17.Twitter Trends Token Top 20 EDU (Token) — Publisher NFT is set to reopen. It provides substantial income for educators through NFT sales, while NFT buyers (also known as co-publishers) earn regular income from marketing their course content to the community. Binance’s Auto-Invest now supports $EDU. OVR (Token) — Apple is set to hold an “Apple Park Special Event” on June 5, rumored to be a launch for new AR/VR products. Apple Reality Pro is expected to become one of the most powerful XR headphones. Capitalizing on Apple’s hotspot, the AR project OVR has launched an App Store Giveaway promotion that will take place between May 22 and June 9. The CEO will give a speech at Web3 Live London on June 1. OVR quickly climbed to first place on Coingecko’s Top Trending Cryptocurrencies list. 18.Google Trends — Global KAVA, WAVES (Token) — Korean Digital Asset Exchange Alliance (DAXA) member trading platforms (Upbit, Bithumb, Coinone, Korbit, and Gopax) have lifted their investment warnings on KAVA and WAVES. Korean exchange UPBIT has resumed deposit services for KAVA and WAVES. BLUR (Token) — Binance US announced the listing of BLUR yesterday, causing a short-term surge in the token’s price. Hong Kong-Related Tokens (KEY, CFX, ACH, LINA, and HIGH) — According to the Bloomberg News on May 23rd, the Chinese Hong Kong Securities and Futures Commission will hold a press conference at 4:15 PM today regarding the consultation results on the regulatory requirements for virtual asset trading platform operators. Bloomberg anticipates that Hong Kong investors will be able to trade cryptocurrencies such as BTC and ETH under suitable protection measures starting in June. 19.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: ADA, AIDOGE, WAVES b) Southeast Asia Region Indonesia Trending Keywords: mining crypto gratis, halal or haram crypto Malaysia Trending Keywords: AVAX Singapore Trending Keywords: hong kong crypto Philippines Trending Tokens: MATIC, BTC c) East Asia and Hong Kong, Macau, and Taiwan Taiwan Trending Keywords: crypto credit card Hong Kong Trending Keywords: hong kong crypto, Hong Kong-related tokens include KEY, CFX, ACH, LINA, HIGH, etc. 20.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) English-speaking Countries Canada Trending Tokens: MANA, KAVA, CFX UK Trending Tokens: CFX, INJ, HNT, WAVES, KAVA USA Trending Tokens: KAVA, BLUR Australia Trending Tokens: HIGH, KEY, CSPR, FLOKI, BLUR b) Europe Poland Trending Keywords: XRP, OKB, PEPE Germany Trending Keywords: KAVA, PEPE France Trending Tokens: IMO, KAVA, SWEAT, LTC, CHZ Italy Trending Tokens: SLP, MOF, KAVA, AIDOGE Turkey Trending Keywords: crypto bubbles, tradingview Spain Trending Tokens: BTC, WAVES, GMT, SHIB, TRIAS, ADAX 21.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Tokens: JUNO, XRP b) Middle East Trending Keywords: crypto bubbles, crypto desk, tradingview c) Latin America Brazil Trending Tokens: STX, SDAO Argentina Trending Tokens: NXS, PEPE Mexico Trending Tokens: MANA

Real-World Use Cases for Blockchain and Crypto: Tackling Global Challenges with Decentralized Solutions

The core of blockchain technology lies in its trust, transparency, and decentralization. These factors can be applied in many industries, creating various use cases and tackling the most pressing global challenges. Let’s learn about real-world use cases for blockchain and cryptocurrencies and how they transform the way we live, work, and connect. Power Ledger - Empowering Renewable Energy Trading In recent years, the importance of transitioning to renewable energy sources has taken center stage in global discussions on climate change and environmental conservation. In 2022, renewable energy sources accounted for about 13.1% of total U.S. primary energy consumption. But how does blockchain technology transform renewable energy into something more sustainable, efficient, and accessible, you may ask? Source: Power Ledger website Power Ledger holds all the answers you need. Found in 2016, Power Ledger is the world’s first renewable energy trading platform, with the aim of creating decentralized energy markets for everyone. They connect energy producers and consumers, allowing them to buy and sell renewable energy in a transparent and secure manner. Power Ledger also supports decentralized energy generation, fosters the creation of local microgrids, and improves overall grid management. Blockchain technology is the driving force behind Power Ledger, enabling renewable energy to be transparently generated, stored, and distributed within local communities. Decentralized energy has the potential to greatly increase energy efficiency and resilience while also catalyzing industry competition. By breaking the monopoly of traditional energy providers, Power Ledger paves the way for a more equitable and sustainable future. Start trading Power Ledger (POWR) on Bitget today! IBM Food Trust - Transforming the Food Supply Chain with Blockchain Technology Have you ever wondered where your food comes from and how it is delivered from the farm to your house? The answer lies in the supply chain networks that span the globe. With so many intermediaries and hand-offs involved, it can be challenging to ensure transparency, traceability, and authenticity in the food supply chain. However, the IBM Food Trust offers a solution to this challenge. IBM Food Trust is a blockchain-based supply chain solution to provide safer food, longer product shelf lives, reduced waste, and faster traceability. Introduced for the first time in August 2017, IBM Food Trust is one of the largest non-crypto blockchain networks that connects farmers, distributors, retailers, and regulators to create a secure, trustless, and tamper-resistant ledger for recording food supply chain data. IBM Food Trust Business Value Source: IBM Food Trust IBM Food Trust utilizes cloud-based blockchain factors such as APIs, trust anchors, and smart contracts, allowing each participant to access and share information about food products in a secure manner. This includes data about the source, production methods, transportation conditions, storage temperatures, and other critical information. By creating a single version of the truth, the platform helps to reduce information asymmetry, improve efficiency, and prevent food fraud. Hivemapper - Revolutionizing Global Mapping with Decentralized 4K Dashcams Did you agree that we have used digital maps at least once in our lifetime? In fact, mapping services are monopolized and under the control of a few giant tech companies, such as Google or Waze. Businesses like Uber paid Google $58 million for mapping services. However, there are so many reports about outdated and inaccurate maps that led to serious consequences, such as businesses missing out on potential customers because they didn't appear on the map. Are there any solutions for it? Let’s enter Hivemapper, a new way of building maps that are up-to-date, equitable, censorship-free, and permissionless. They are known as the world’s first decentralized global mapping network that successfully raised an $18 million series A round led by Multicoin Capital with participation from Craft Ventures, Solana Capital, Shine Capital, and more. Inspired by the collaborative nature of a beehive, Hivemapper aims to revolutionize mapping by harnessing the power of community-driven data collection. Participants purchase a high-quality dashcam, plug it in, and drive around to capture street images, which are then relayed back to the Hivemapper database. These images are used to create a high-quality, open-source map with constantly updated photos, accessible through the Hivemapper Explorer website. To encourage participation and maintain the map's usefulness, Hivemapper rewards community members with its native token, HONEY, and collective ownership for providing map coverage, freshness, and quality. Hivemapper vs. Google Maps in the United Arab Emirates Source: Hivemapper Medium Hivemapper has earned the title of "Google Map Killer" thanks to its decentralized approach to mapping. By incentivizing and rewarding contributors, it fosters the creation of a state-of-the-art, continuously evolving map. Its decentralized data and use of public blockchains ensure a censorship-resistant, democratic platform where participants not only share in the generated value but also influence the geographic regions represented. Space ID - Digital Identity Management in the Web3 World In the world of cryptocurrency, dealing with complex wallet addresses can be a daunting task. Imagine trying to send a large sum of crypto to an address like 0x5FbDc5718E2444cB346Ce4B1e58632A9A2Df8A1D3b. It's not only difficult to remember but also prone to errors in copy-pasting. Domain services made identity management more intuitive by linking these numerical addresses to easy-to-remember names, like alien.bnb. SPACE ID (ID) was introduced for the first time in April 2022 to bring this level of simplicity to the Web3 world. It serves as a universal name service network, providing a one-stop identity platform for registering, trading, discovering, and managing web3 domain names. As a gateway between your digital identity and the real world, SPACE ID aims to revolutionize the way we interact with Web3 services. For more information about SPACE ID (ID), refer to What Is SPACE ID (ID)? Number of domains registered on SPACE ID as of April 2023 Source: SPACE ID Twitter Drawing inspiration from the Ethereum Name Service (ENS), SPACE ID replaces complex crypto addresses with human-readable identities, making Web3 interactions more accessible and user-friendly. By offering a unique, easy-to-remember domain name, users can effectively manage their crypto wallets and seamlessly navigate the Web3 ecosystem. Launched initially on the BNB Chain, SPACE ID expanded its reach to the Arbitrum network in February 2023 with the introduction of the .arb Name Service. This move allowed the platform to provide multi-chain domain names, further enhancing its versatility. In addition to these domain names, SPACE ID offers customizable community domains and subdomain management, which are crucial for businesses operating multiple services. Consider investing in Space ID (ID)? It only takes 2 minutes to create an account on Bitget and start trading Space ID! Disclaimer: All products and projects listed in this article are not endorsements and are provided for informational purposes only.