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Monero (XMR) has been increasing in popularity among cryptocurrency users, often surpassing more capitalized cryptocurrencies in users’ preferences. In June, XMR unthroned Bitcoin (BTC) for the first time in a gift card payment platform, illustrating this behavior shift. Notably, the CoinCards platform reported data from the volume percentage for each cryptocurrency used for payments in June. The gift card service has been reporting this “breakdown of usage” monthly since April 2023. In particular, the first data shows a 40% dominance for on-chain BTC, followed by Monero and Ethereum (ETH) with 23.64% and 13.9%, respectively. As soon as the service listed Circle USD (USDC), the stablecoin gained market share, conquering first place in May 2024. In May, USDC had 33.21% of the volume , followed by Bitcoin and XMR with 30.04% and 27.58%. Picks for you ...

Design, speed, security, low costs and liquidity need to be at the heart of everything a decentralized crypto trading platform offers, but some are better than others. Decentralized crypto trading with leverage has grown in popularity over recent years — but something is holding the sector back: a lack of reliable platforms for noncustodial transactions. Users often face clunky and poorly designed interfaces that are difficult to understand and nearly impossible to navigate. This isn’t just an inconvenience but also increases the risk of costly errors. The pain points don’t end here. Traders need to have confidence that their orders will be processed at lightning-fast speeds, all while keeping gas fees to a minimum. Congestion on layer 1 networks has meant this isn’t always possible. Careful attention also needs to be paid to the smart contracts powering decentralized trading platform s, as security vulnerabilities can put everyone’s funds at risk. Thorough audits are crucial and mu...

Memecoin Floki Inu saw considerable gains within a week ahead of a real-world asset (RWA) platform release built by the project’s developers and a new native asset dubbed TOKEN. Users will be able to create cryptocurrencies without technical know-how through Floki’s TokenFi website, according to the team. The platform designed for tokenized RWAs went live on Oct. 27 around 3 p.m. UTC.  DWF Labs was announced as the official market maker as the platform rolled out on five major chains for decentralized finance (DeFi) namely Arbitrum, Base, BNB Chain, Ethereum and opBNB. The team announced 10 percent of TOKEN’s initial supply to be spread across Uniswap and Pancakeswap for liquidity pools. Devs mentioned rewards for long-term Floki stakers as well.  Per the dev team, TokenFi could position itself as an authority in the tokenized RWA space which could grow into a multi-trillion-dollar market with growing institutional interest and blockchain adoption.  The tokenization ...