Top Crypto News 01/10: Fantom Transactions Surpass Avalanche

dWeb.News Article from Daniel Webster dWeb.News

The entire cryptocurrency space is still trading in the red zone. Analysts predict that this bearish trend will continue into January.

In today’s crypto news, Bitcoin is currently trading at $41,074 and is down by 1. 32% over the last 24 hours. Ethereum, on the other hand, is trading at $3,027 (-2. 39%) over the last 24-hours. Also, the entire cryptocurrency space has a market cap of $1,902,153,954,290 and a 24-hour trading volume of $92,712,926,049. This is a good reminder to hold onto your crypto assets.

Let’s discover some interesting crypto news today.

1. Transactions on Fantom Surpasses Avalanche

Despite the bearish trend in crypto, Fantom Network is seeing positive signs. The transactions on Fantom Network’s layer 1 blockchain platform have outperformed those of Avalanche.

Analysts believe that this rise in transactions can be attributed to Fantom’s increasing interest in decentralized financing (DeFi).

Transactions on Fantom crossed those on Avalanche this week as opportunistic capital moved over to farm high yields on stablecoins, analysts said. $FTM $AVAX@shauryamalwa reportshttps://t.co/lGmdCRtdjB

— CoinDesk (@CoinDesk) January 7, 2022

2. $HEC To Receive Fantom Incentive Grant

Fantom will now provide incentive grants to

Decentralized Storage Protocol Hector DAO’s $HEC token. According to reports, the incentive grant allocation is expected to commence in February 2022. This will allow Fantom Chain to reach its full potential.

Above all, Hector DAO will receive 208,333 $FTM tokens every month. And that is approximately $472,915 every month.

We’re very proud to announce that from February onwards $HEC will be receiving the Fantom Foundation Incentives Grant from @FantomFDN

We are so excited to keep working to help the Fantom chain reach its full potential.

Full announcement: https://t.co/6tGhNvgY2f pic.twitter.com/oAyThQDK5a

— Hector DAO (4,4) (@HectorDAO_HEC) January 9, 2022

3. Another Strategic Solana Migration

Today Crowny, a Solana-based platform, revealed details about an important update. In fact, all Crowny $CRWNY token holders on AscendEX global will be migrated to the Solana Network.

Notably, this strategic migration will take place on January 17, 2022.

An important @Solana migration update.

On January 17, all the $CRWNY holders on @AscendEX_Global will be automatically migrated to the #Solana network.

We will keep you updated! pic.twitter.com/YesEl1Ul3T

— Crowny Our Beta App Is Live (@crownyio) January 7, 2022

4. BinanceUS To Launch An Office On Portal Metaverse

Today, the whole metaverse space continues to be a magnet for companies around the world. Many of them have joined ETH-based metaverses like Decentraland or The Sandbox.

BinanceUS, the US arm of cryptocurrency exchange Binance, has however shown interest in Solana-based Portal metaverse. We are continuing to work on plans to open a shop in this metaverse.

We are very happy to announce a new collaboration for Portals Downtown: @BinanceUS!

Drop by to get the latest news from https://t.co/TGX7JpOC0H, attend events, view charts, and enter special giveaways.

Stay tuned for the https://t.co/TGX7JpOC0H space reveal! pic.twitter.com/tGdYIjQ6qm

— Portals – Your place in the metaverse (@_portals_) January 5, 2022

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