Before the new week, let’s take a look at the most important altcoin developments in recent days. Paypal company is responding to allegations about a stablecoin market continuation. Details Cryptocoin. com
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SundaeSwap team details mainnet launch
On Friday, January 7, SundaeSwap Labs, the team behind SundaeSwap, briefed the community on some of the expected operational restrictions and limitations that “Blockchain and DEX will exhibit. In the project’s official blog post, SundeaSwap began by saying that the community “can expect a very exciting announcement in the next few days” and that’s about the mainnet launch. The team shares:
- It has a much lower barrier to entry compared to Testnet; allows you to interact, switch your wallet to testnet, etc. There’s no need.
- There is more incentive to join DEX to enjoy its benefits with real funds
- The risk of participation is higher as users are exposed to real losses of funds through trading activity.
- SundaeSwap DEX must share the network bandwidth with other initiation protocols, which increases the additional network demand.
Let’s continue with a news from Cardano Blockchain. The launch of smart contract capability, which resulted in several metrics increasing efficiency and growing growth in the ADA network, has reached the ATH level since November 2021. Let’s take a look at these statistics:
- Cardano Blockchain average load as of January 7, 2021, 76% of the metric. 69%, the highest figure since November 2021, when it peaked at 28. reached 85.
- The number of Cardano wallets has increased by over 1200% from 190,000 in Christmas 2020 to 2.5 million wallets as of December 24, 2021.
- In addition, on Friday, January 7th, the platform also upgraded Cardano’s core node aimed at improving performance.
The traffic of altcoin project Polygon reaches ATH
Observers noticed that Sunflower Farmers players were blocking the Polygon (MATIC) Blockchain network. According to an article by Bloomberg’s Olga Kharif, a spike in in-game activity in Sunflower Farmers’ play-to-win protocol on Polygon (MATIC) sent average gas fees to exorbitant levels. The chart below shows what levels gas prices in Polygon (MATIC) reached in the first days of 2022.
Allegedly, payments giant PayPal may be preparing to create a stablecoin. A so-called “PayPal Coin” logo and inscription were found in PayPal’s iOS app, according to a social media report late Friday. According to the latest developments, the payments giant company responded to these claims, “yes, we are discovering a stablecoin”.