- Over the past month (from October 25 to November 25), the cryptocurrency market capitalization has remained almost unchanged.
- It is designed to increase the anonymity of transactions and the flexibility of smart contracts, as well as reduce the size of fees through the introduction of Schnorr signature.
- The amount of Ethereum-based funds blocked in DeFi is $ 113 billion, according to The Block.
Over the past month (from October 25 to November 25), the cryptocurrency market capitalization has remained almost unchanged. It currently stands at $ 2.6 trillion, according to Coinmarketcap. Bitcoin occupies a share of 42% of the total market volume (the figure at the beginning of the year is almost 70%). In mid-November, a major update of the main cryptocurrency network, Taproot , took place . It is designed to increase the anonymity of transactions and the flexibility of smart contracts, as well as reduce the size of fees through the introduction of Schnorr signature.
For incomplete November, the trading volume on NFT marketplaces amounted to $ 1.5 billion, according to The Block. The largest platform is OpenSea, accounting for 98% of turnover.
Amid a general interest in the non -fungible token market, Huobi announced the launch of the NFT marketplace in test mode – the company announced that it will become an important part of the metaverse.
Similar news came from the Coinbase cryptocurrency exchange. By mid-November, the company had received 25 million applications for the project. According to the plan, the launch of the marketplace should take place within one or two quarters. The head of Coinbase also said that the scale of the new direction could surpass the crypto business. In addition, the crypto exchange is aiming at integration with third-party DeFi applications. However, despite the big plans, the company’s shares are falling after the release of unsuccessful third quarter financials.
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The amount of Ethereum-based funds blocked in DeFi is $ 113 billion, according to The Block. This is 6% higher than a month earlier. The largest categories remain loans and decentralized exchanges, accounting for 46% and 41%, respectively. Square announced its project of the decentralized exchange and the tbDEX protocol. The transaction costs on the platform will depend on the degree of data disclosure by the exchange participants – their cost will decrease with the increase in the amount of data.
Binance US plans to close a couple hundred million dollar investment round within one to two months ahead of the IPO. Past attempts have been unsuccessful due to regulatory pressure on the parent company. At the same time, Binance is going to raise funds from government funds of countries whose names have not been disclosed.
More than half of the trading volume of pairs rated B, A, AA is concentrated on this cryptocurrency exchange, according to CryptoCompare as of November 29.