- BTC-based NFTs exceed Solana’s in monthly trading volume.
- Solana integrates with ChatGPT, sets new standard for blockchain transactions.
- Coinbase unveils wallet-as-a-service with Multi-party Computation technology.
The cryptocurrency world has been abuzz with activity recently, with notable developments such as the BTC frenzy, a surge in ADA transaction volumes, and Solana’s successful integration with ChatGPT. Altcoin Buzz has provided a comprehensive market analysis, delving into these significant events and other noteworthy occurrences. Their latest report offers a professional and insightful perspective on the current state of the crypto landscape.
Introducing ordinals on the Bitcoin (BTC) network generated a significant buzz within the cryptocurrency community. According to Altcoin Buzz, the monthly trading volume for these BTC-based NFTs exceeded that of NFTs hosted on Solana, marking a notable achievement. The collective trading volume of BTC ordinals ranked second only to Ethereum-based NFTs, further solidifying the growing popularity of this innovative technology.
The Bitcoin network has witnessed a remarkable surge in NFT trading volume, and the BRC-20 tokens have also made a significant stride. At the onset of the month, the collective market cap of these tokens had soared to an impressive $1 billion. However, recent reports from Altcoin Buzz indicate a slight dip in the combined market cap of BRC-20 tokens, bringing the total down to $477 million. Despite this, the overall performance of these tokens remains noteworthy, and their potential for growth and profitability must be noticed.
Solana (SOL) has recently made waves in the crypto world by becoming the first Layer-1 network to integrate with ChatGPT plugins seamlessly. This groundbreaking integration unlocks a plethora of functionalities, including the ability to purchase NFTs, execute token transfers, analyze public account data, and search for NFT collections by floor prices. Solana sets a new standard for seamless and efficient blockchain transactions with this innovative integration.
After successfully integrating AI with its products, Solana has taken a step further by initiating a rolling grant program. This program aims to support a diverse range of projects prioritizing the secure integration of AI with Solana’s existing and upcoming products. As per Altcoin Buzz, the grant has already garnered 50 applications, indicating a promising response from the community. Solana’s commitment to fostering innovation and safety in AI is commendable and sets a benchmark for others to follow.
Recent on-chain metrics for Cardano (ADA) suggest that investors are optimistic about the potential of this Ethereum competitor. According to data from IntoTheBlock, transaction volume for ADA has skyrocketed by over 200% since the start of the year. Impressively, daily ADA transactions are estimated to exceed $200 billion. These figures indicate a bullish outlook for ADA and suggest that it may be a promising investment opportunity for those seeking to diversify their portfolio.
The accumulation of ADA by whales has continued to be a notable trend in recent weeks. The net inflow from these large investors has increased by an impressive 15%.
In their latest video, Altcoin Buzz delved into the topic of Binance, the top-tier cryptocurrency exchange. The platform has recently been in the limelight due to a report by Reuters, which highlighted the co-mingling of company funds with those of its users.
Binance promptly addressed the allegations by clarifying that they have consistently maintained distinct ledgers for company and users’ funds. Furthermore, they have explicitly stated that the funds in question, as reported by Reuters, were the company’s own and were generated through the sale of Binance USD.
Coinbase, the renowned U.S. exchange, has recently unveiled its wallet-as-a-service offering to the public. This innovative service empowers users to effortlessly restore their wallets using a simple username and password, thanks to the integration of Coinbase’s cutting-edge Multi-party Computation technology. As a result, the cumbersome requirement of a seed phrase is eliminated, providing a seamless and secure user experience.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
