Aavegotchi, a project that combines non-fungible tokens (NFTs) and Web3 gaming, has chosen to stop using Polygon MATIC and move to Base, an Ethereum ETH Layer-2 network.

Aavegotchi, a non-fungible token (NFT) protocol focused on Web3 gaming, has opted to abandon blockchain network Polygon and “go all-in” on Base, an Ethereum layer-2 scaling chain, according to the results of an onchain vote. On April 8, Aavegotchi's community members voted 93.5% in favor of a proposal to “Make Aavegotchi Based Again” by deprecating the protocol's smart contracts on Polygon and re-deploying on Base, according to Aavegochti's governance page.

The move follows sharp drops in user activity and total value locked on Polygon as Base's usage climbs

TL;DR The Aavegotchi community approved, with over 95% support, the migration from Polygon to Base and the deactivation of the Geist contract. All game assets will be duplicated on Base, while contracts on Polygon will be locked to prevent changes or transfers.

The Aavegotchi community has voted to migrate from its existing deployment on Polygon to Base and sunset its Geist Layer 3.

The bet was resolved as 'yes' despite no official agreement, leading to suspicions of manipulation by a large UMA token holder, but Polymarket defended the UMA voting process.

TL;DR Controversial Bet Outcome: Polymarket's political bet was resolved as “Yes” on whether Trump would secure a rare earth mineral deal with Ukraine, despite no official agreement, sparking concerns over decision-making integrity.

Polymarket is under scrutiny following allegations of a governance attack involving a significant holder of Universal Market Access (UMA) tokens.

Decentralized prediction platform Polymarket is under fire amid market manipulation involving a $7M bet. Users forecasted whether Ukraine would sign a mineral deal with the United States before April. Meanwhile, the chances of “Yes” results soared intensely to 100% between 24 March and 25. The remarkable jump happened despite zero validation of the agreement.

BornTooLate.Eth has accumulated over 1.3 million UMA tokens to attack a Ukraine-themed market — but nobody has appeared to have made much money.

Multiple online community users said a $7 million Polymarket bet was unfairly influenced by a whale that held significant voting power.

Last night, a governance issue on Polymarket was reported, where a large UMA holder allegedly used last-minute voting to manipulate the system, avoid losses, and profit from an inaccurate market outcome.

Polymarket, after the contradicting resolution of the “Ukrainian Rare Earth Market'” prediction event, has announced plans with the UMA team to establish enhanced monitoring and evaluation systems to avoid such incidents again. On Tuesday, Polymarket's community users saw approximately $7 million wiped out from the event market after a large UMA holder allegedly manipulated the

Polymarket reportedly experienced a governance attack on their prediction market related to Trump's Ukrainian mineral deal due to a last-minute intervention from a whale that tipped the results in their favor.

The Aavegotchi ecosystem just got a major upgrade—Gotchi Guardians is now playable directly in your browser! The play-to-earn experience has just turned into something that has never been easier or more rewarding!

EigenLayer, Polymarket, and UMA have announced a collaboration to research and potentially develop a next-generation oracle system, leveraging EigenLayer's infrastructure.

TL;DR EigenLayer partners with UMA and Polymarket to create a next-generation oracle system, enhancing prediction market oracles' reliability and functionality. The new oracle system leverages EigenLayer's restaking mechanism and EIGEN token, along with UMA and Polymarket's expertise, to align dispute resolutions with community consensus.

EigenLayer, Polymarket, and UMA have announced a collaboration to explore and potentially develop a next-generation oracle system. The post EigenLayer, Polymarket, and UMA Join Forces to Develop Next-Gen Oracle System appeared first on Cryptonews.

The collaboration remains in the research and development phase, with details on technical architecture and launch dates yet to be disclosed.

The leading crypto exchange, Binance, has expanded its support for HIVE, IDEX, and TLM crypto, gaining significant attention from investors. Notably, this has also caused the assets' prices to surge immediately, indicating the robust influence of the exchange among investors.

IDEX, a prominent player in the decentralized exchange sector, surged to its highest level since March this year. The IDEX (IDEX) token climbed to $0.

Binance announces the removal of several margin trading pairs, including C98/BTC and IDEX/BTC, from its platform by November 27, 2024, affecting both cross and isolated margin accounts.

Geist, the exclusive members-only blockchain for gaming, is now live, marking a milestone for Aavegotchi's ecosystem and the gaming blockchain community.

TL;DR Lightspark launched updates at its first Partner Summit in Los Angeles, including UMA Auth, UMA Request, and Lightspark Extend, as well as the new solution Spark. UMA is an open-source messaging standard that facilitates real-time transactions with various forms of value.

Lightspark unveils a new Bitcoin L2 and broadens the functionality of its Universal Money Address (UMA) standard with the release of UMA Extend, UMA Auth and UMA Request.

Polymarket and the UMA token might not survive a disputed US presidential election outcome, and here's why.

As we near the end of 2024, Grayscale Research has revealed an exciting list of the top 20 cryptocurrencies expected to shine in the final quarter. With six new altcoins added, including Sui (SUI) and Optimism (OP), the buzz in the crypto market is palpable.

As the cryptocurrency landscape continues to evolve, Grayscale in its recent research titled ‘Grayscale Research Insights: Crypto Sectors in Q42024' has identified six emerging assets, Sui (SUI), Bittensor (TAO), Optimism (OP), Celo (CELO), Helium (HNT), and UMA Protocol (UMA), as high-potential investments for Q4 2024.

Grayscale Research has published a new list of 20 digital assets that have high potential in the fourth quarter of the year.

Binance Futures is set to launch a GHSTUSDT perpetual contract with up to 75x leverage, expanding trading options for users.

Blockchain-based game and DeFi protocol Aavegotchi (GHST) nabbed significant investor attention on Monday as its price rocketed nearly 37%. Notably, with the crypto exchange behemoth Binance extending support to the token, market sentiments for the Web3 gaming and Defi protocol have turned highly bullish.

Will the perpetual DEX mainnet debut be a 'sell-the-news' event for IDEX?

Polymarket said the UMA's 'No' answer to the market betting on if Barron was involved in the DJT token was 'wrong.'

Analyst Altcoin Buzz took to his latest video and revealed that the Base ecosystem is poised for explosive growth in the upcoming Bull Run, potentially giving Ethereum layer 2 solutions tough competition. The analyst brought to attention a promising indicator that the Bitcoin Bull Run will continue, noting the growing significance of the Base ecosystem.

With the crypto market rising each day, the altcoins are making a strong comeback. Further, as the increased confidence amongst investors gives generous support to many exciting projects, UMA is making a comeback. With our UMA price price prediction, here's how the price trend could turn out in the coming years.

We look at UMA price prediction in the wake of a massive single-day rise of a third. What's behind the move and what's in store?

IDEX, the native token of the hybrid decentralized exchange (DEX) and market-making protocol of the same name, has increased 33% over the past 24 hours as it records a surge in investor interest.

Gotchichain, a Layer 3 rollup dedicated to the Aavegotchi on-chain game, will use Base as its settlement layer.

The cryptocurrency market slightly recovered on January 26 after two weeks of poor performance following the Bitcoin spot ETF approval.

The price of UMA, a Web3-centered crypto project went ballistic on Wednesday as the community welcomed the launch of Oval, a new protocol dedicated to helping decentralized lending protocol's value. In the last week, UMA price increased by a staggering 71% to $7.

UMA has officially introduced Oval, a novel product designed to optimize the use of oracle data by defi protocols. This tool changes how protocols manage oracle-based MEV, enhancing efficiency and fairness in Ethereum's blockchain profits.

Blockchain oracle UMA has launched Oval, a solution that lets Decentralized Finance (DeFi) lending protocols capture Oracle Extractable Value (OEV) by auctioning the right to liquidate positions. Uma Oval to Serve DeFi Protocols Precisely, with Uma Oval, these DeFi protocols will be allowed to tap the value that emerges during Oracle updates via the OEV.

UMA has unveiled Oval, a MEV capture solution that the platform says will help DeFi protocols monetize the value that comes with the use of Chainlink oracle data. MEV relates to the maximum value one can extract from a block, doing things like transaction reordering and exclusion.

Oracle protocol Uma, after days of social media teasing, took the wraps off its latest innovation today: Oval, a tool to help borrow/lend protocols like Aave and Compound retain value generated through the consumption of Chainlink pricing data on Ethereum.

Uma's Oval targets oracle extractable value, a form of MEV generated during oracle-based price updates.

UMA, one of the trending digital currencies lately, has gained over 28% in the trading session today. Moreover, the UMA price has skyrocketed more than 200% in just a week.

Although the majority of assets in the cryptocurrency sector have been underperforming in recent days or even weeks, some represent a particularly poor choice for crypto trading this week due to various internal and external factors causing their substandard outlook in the short term.

The digital currency ecosystem is evolving in no small measure with a series of small-cap coins making impressive moves in the market overall. While thousands of assets are making waves in the market today, a few selected coins have the prospects of soaring by 1000% to 10,000%.