The blockchain ecosystem continues to evolve with groundbreaking announcements. Gravity, an L1 blockchain developed by the Galxe team, has unveiled its ambitious roadmap, marking significant milestones since its Alpha mainnet launch in August 2024.
Key Highlights of Gravity's Progress:
- Network Performance: Processed over 275 million transactions.
- Daily Transactions: Averaging 2.6 million daily.
- Transaction Fees: Accumulated 30 million G in fees.
Upcoming Phases:
- Devnet Phase 1: Initial development network for testing.
- Longevity Testnet: Focused on network stability.
- Transition to Mainnet: Gradual shift from Alpha to fully operational Gravity L1.
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Wormhole Launches Staking Rewards Program
Wormhole, a cross-chain interoperability platform, has introduced its Staking Rewards Program (SRP) starting December 4, 2024.
Program Details:
- Eligible Chains: Solana and all EVM-compatible chains.
- Initial Rewards Pool: 50 million W tokens (~$17.56 million).
- Objective: Encourage user participation in governance staking.
FTX Liquidation: Ray Token Transfer
PeckShield reports a transfer of 378,000 RAY tokens (valued at ~$1.99 million) from an FTX liquidation wallet to Binance. This move underscores ongoing asset redistribution efforts post-FTX collapse.
Polygon Ecosystem: POL Token Movement
A wallet linked to Polygon’s Ecosystem Growth transferred 8.68 million POL tokens (~$6.19 million) to FalconX. Notably, POL (formerly MATIC) has surged 106% since November 15, 2024.
Market Trends: Crypto Sector Rally
- NFT & CeFi Sectors: Leading gains with 15.60% and 15.23% increases respectively.
Top Performers:
- APENFT (+38.94%)
- Huobi Token (+35.35%)
- Binance Coin (+16.46%)
Vitalik Buterin Addresses "Evil" Comments
Ethereum’s co-founder responded to critiques on Warpcast, humorously noting some have labeled him "evil" since Ethereum’s 2016 hard fork.
FAQ Section
Q: What is Gravity's next phase?
A: Gravity will launch Devnet Phase 1, followed by a Longevity Testnet, before transitioning to a full mainnet.
Q: How can I participate in Wormhole’s staking?
A: Stake W tokens on Solana or EVM chains via Wormhole’s platform to earn rewards.
Q: Why did POL tokens surge?
A: POL’s rebranding from MATIC and strategic ecosystem growth initiatives drove its 106% price increase.
Final Thoughts
The crypto landscape is buzzing with activity, from Gravity’s technical milestones to Wormhole’s incentive programs. Stay informed to navigate these dynamic developments effectively.