Frax Finance and its tokens FRAX and sFRAX enter the Cosmos ecosystem
The new expansion was made possible thanks to the Noble blockchain.
Keep up with what's happening in the crypto world in real-time.
The new expansion was made possible thanks to the Noble blockchain.
The Frax token (FRAX), a crypto-collateralized stablecoin pegged to the U.S. dollar, and its staked version, sFRAX, will become native to the Cosmos ecosystem via Noble.
Renowned cryptocurrency analyst Michaël van de Poppe identified a list of top 10 altcoins offering significant buying opportunities amidst a market dip. What Happened: In an X (formerly known as Twitter) thread on Wednesday, van de Poppe highlighted the current market conditions, noting the altcoin market capitalization has seen a correction but still holds potential for more gains.
Frax, a leading company in the line of decentralized finance (DeFi), has revealed a strategic partnership that Noble is engaged in, a step that has extended the company's offerings into the Cosmos ecosystem.
TL;DR The integration of stablecoins FRAX and sFRAX into the Cosmos and IBC ecosystem will strengthen the decentralized finance (DeFi) sector. FRAX, backed by algorithms, maintains a 1:1 parity with the US dollar, ensuring stability and security, while sFRAX allows users to earn additional yields by locking their FRAX.
Interoperability and staking hub Picasso Network has successfully integrated the Inter-Blockchain Communication (IBC) Protocol with Ethereum.
Frax Finance is collaborating with Noble to bring Frax tokens from Ethereum to the Cosmos ecosystem, where they will compete with USDC.
Native on-chain asset issuance blockchain, Noble, has partnered with Frax Finance to bring decentralized stablecoins FRAX and sFRAX into the Cosmos and IBC ecosystems.
As cryptocurrency markets experience a downturn, the total market capitalization has dropped by 7% in two days to $2.62 trillion. Even Bitcoin, the largest cryptocurrency, plummeted from $71,300 to $66000, affecting the top altcoins, with bears starting to dominate the market.
ATOM, the native token of the Cosmos Interchain Network, has emerged as a focal point of attention. With its recent breakout above the critical resistance level at $12.4, ATOM enthusiasts and investors are eagerly eyeing the next target: $17.
This expansion, fueled by the Babylon chain's integration, brings Bitcoin staking to the Cosmos ecosystem. Recently, Babylon's integration into Cosmos Hub was announced, marking a key evolution milestone.
Recent data from the derivatives market indicates a surge in demand for ATOM, with its value experiencing a notable uptick of over 4.5% within the last 24 hours alone. Market analysis suggests that Cosmos (ATOM) may still be at the bottom of its current cycle, presenting an enticing opportunity for investors to accumulate more tokens before a potential price surge.
As the chances of ATOM's bull run seem high, investors might use this opportunity to accumulate more.
Wolf Of Altcoins, a prominent figure in the crypto world, shared some big predictions about how much money people can make with certain types of digital currencies.
BIGG Digital Assets Inc. (CSE: BIGG), an innovator in the digital assets space and owner of Netcoins, and Blockchain Intelligence Group and TerraZero is pleased to report that Netcoins will be expanding its staking services in Canada “with the launch of Solana and ATOM on April 2nd.”
Ethos is being developed as a "validated service" on EigenLayer — focusing on security for the Cosmos chains by utilizing ether stakes.
Binance has unveiled its proactive stance in supporting the imminent network upgrades and hard forks of Polygon (MATIC) and Cosmos (ATOM). Set to unfold on March 20, 2024, these upgrades signify a significant milestone for both networks, and Binance's commitment to facilitating a seamless transition underscores its dedication to user-centric innovation in the realm of digital assets.
In a recent annoucement, March 20 marks an exciting development for BitMEX users worldwide as we unveil the addition of XRP (Ripple) and ATOM (Cosmos) to our platform. Starting precisely at 04:00 UTC, users will gain the ability to deposit, convert, and trade these prominent cryptocurrencies directly on BitMEX.
TL;DR Osmosis and Astroport, two major players in the decentralized finance (DeFi) sector, have announced a collaboration to deploy programmable liquidity pools on Cosmos, enhancing liquidity and offering more options for yield farming.
Cosmos-based decentralized exchange Astroport is set to deploy its passive concentrated liquidity (PCL) pools on Osmosis, the largest Cosmos-based DEX by volume, following successful governance votes on both platforms.
Injective has just launched inEVM, a layer-2 rollup capable of achieving composability with the Ethereum, Solana, and Cosmos blockchains.
More than 200,000 wallets are eligible for the SAGA token claim across chains following a play-to-airdrop campaign.
Injective's EVM rollup "capable of achieving true composability across Cosmos and Solana" launches on mainnet.
Cosmology, a Cosmos tech suite provider, has raised $5 million in a seed funding round led by Galileo and Lemniscap.