A Deep Dive Into the Top 10 L1 Chains by Daily Transfer Records

In Sept. 2024, data revealed that the top ten layer one (L1) blockchains hold a combined value of $1.66 trillion, a significant chunk of the

Top Stories From the Past Week in Crypto: L1 Chains, Hamster Kombat, and More

Highlighting the latest crypto news, stories, and updates from the past week, our roundup covers the top layer one (L1) blockchains, Hamster Kombat's post-airdrop performance, and more.

Layer 1 Blockchains Hit New All-Time High in Daily Transactions

Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. Despite hitting all-time highs in daily confirmed transactions, Bitcoin and Ethereum still lag behind other networks like Solana in daily activity.

Financial Analyst Examines Post-Airdrop Performance of Hamster Kombat Token

Vladislav Antonov, a financial analyst at Bitriver, one of Russia’s largest mining data center operators, projected growth for the Hamster Kombat token post-airdrop. However, if the game fails to evolve from its current ‘clicker’ state, this interest might wane.

China and Russia’s Payment Flows Worsen as New Sanctions Hit Firms Aiding War Effort

The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies. This has affected imports of dual-use products, which can be used for both military and civilian purposes.

HDFC Bank Introduces Enhanced UPI and CBDC Features at Global Fintech Fest

HDFC Bank, a leading private sector bank in India, has introduced new features for UPI and central bank digital currency (CBDC) to boost digital banking for its customers. These innovations were announced at the Global Fintech Fest 2024 in Mumbai.

A report from Outlier Ventures suggests that Bitcoin halvings no longer significantly influence BTC prices. Outlier Ventures, a Web3 venture firm, has released a new report claiming that the four-year Bitcoin halving cycle “is dead.” The report argues that halving events no longer significantly impact bitcoin’s price due to a maturing crypto market.

What do you think about the top crypto stories this week? Share your thoughts and opinions in the comments section below.