🚀 Zada Finance Secures New Funding to Transition to Order Book Model
#ZadaFinance #Funding #OrderBook #DecentralizedExchange #DEX #Scroll #Investment #Layer3 #AccountAbstraction #Liquidity #CrossRollup
According to Odaily, Zada Finance, a cross-rollup order book decentralized exchange (DEX) built on Scroll, has announced the completion of a new round of financing. The investment round saw participation from Cryptia Capital, NovaSeed Ventures, Pulse Capital, Axium Partners, Digitata Capital, and Hivemind Ventures. However, the specific amount of funding and valuation details have not been disclosed.
The newly acquired funds will be utilized to transition Zada Finance from an automated market maker (AMM) DEX to an order book model. Additionally, the company plans to explore Layer 3 solutions and account abstraction to enhance user experience. The primary goal is to aggregate liquidity across different rollups and address fragmentation issues through cross-rollup solutions.#ZadaFinance #Funding #OrderBook #DecentralizedExchange #DEX #Scroll #Investment #Layer3 #AccountAbstraction #Liquidity #CrossRollup
🚀 Animoca Brands Japan To Operate Validator Node On Orbs Layer 3 Network
#AnimocaBrands #Orbs #Layer3 #ValidatorNode #Web3 #Blockchain #Gaming #Japan
According to Odaily, Orbs, a Layer 3 network, has announced that Animoca Brands Japan, a subsidiary of global gaming and Web3 giant Animoca Brands, will operate a validator node on its L3 network. This move aims to help maintain the network's stability and security. Animoca Brands Japan, a strategic subsidiary of Animoca Brands Corporation Limited, plays a significant role in the Web3 space, focusing on supporting intellectual property and content holders in Japan.#AnimocaBrands #Orbs #Layer3 #ValidatorNode #Web3 #Blockchain #Gaming #Japan
🚀 Layer3 To Expand To Solana Network In October
#Layer3 #Solana #Blockchain #Cryptocurrency #Decentralization #Token #Wormhole #DriftProtocol #JupiterExchange #MagicEden #SOL
According to Foresight News, Layer3, a distribution, identity, and incentive infrastructure, has announced its expansion to the Solana network in October. The move aims to create a consumer distribution layer for Solana protocols. Layer3 on Solana will be a completely new and independent platform featuring a new design and new leaderboards. The L3 token will be available on Solana through Wormhole. Several projects, including Drift Protocol, Jupiter Exchange, and Magic Eden, have confirmed their participation on Layer3.#Layer3 #Solana #Blockchain #Cryptocurrency #Decentralization #Token #Wormhole #DriftProtocol #JupiterExchange #MagicEden #SOL
🚀 Layer3 Reveals Average Wallet Balance Of Top Participants
#Layer3 #walletbalance #topparticipants #Solana #Odaily
According to Odaily, Layer3 announced on X that the average wallet balance of the top 100 participants in L3 S2 is $447,000. Previously, Layer3 had disclosed on the X platform that it would officially enter the Solana ecosystem in October.#Layer3 #walletbalance #topparticipants #Solana #Odaily
🚀 ApeCoin Surges As ApeChain Goes Live
#ApeCoin #ApeChain #BoredApeYachtClub #NFTs #staking #cryptocurrency #Layer3 #ArbitrumOne #DAO #yield #interoperability #blockchain #crosschain #APE #ETH #ZRO
According to CoinDesk, ApeCoin (APE), the cryptocurrency associated with the Bored Ape Yacht Club (BAYC), has seen a significant increase in value, reaching its highest point since April. This surge follows the launch of the much-anticipated ApeChain on Sunday, which brings native staking yield to APE holders.
The ApeCoin team, led by Yuga Labs, introduced the new blockchain network ApeChain, a Layer 3 network developed on Arbitrum One. This network is fully compatible with the APE token and supports minting non-fungible tokens (NFTs), trading, and decentralized applications, enhancing the user experience. The ApeChain DAO had voted to build this network in January.
ApeChain bridges also went live on Sunday, enabling users to transfer their tokens to ApeChain and automatically earn staking yields on APE, ETH, and stablecoins. Staking involves locking assets in a blockchain network in return for rewards, similar to investing in a fixed-income instrument. Markus Thielen, head of 10x Research, noted that the introduction of native staking yield likely spurred investor interest in APE.
Thielen explained that ApeCoin's new automatic yield mode allows users to passively earn returns by staking their APE tokens, with rewards being reinvested automatically to maximize yield over time. This feature is part of the broader ApeCoin ecosystem, which aims to enhance token utility by encouraging user engagement through games, staking pools, and other activities. The platform also plans to support other yield-generating cryptocurrencies to attract a larger user base.
Additionally, the launch of LayerZero on the ApeChain mainnet may have contributed to the APE rally. LayerZero is an interoperability protocol that enables applications to move data across blockchains. The integration of APE with LayerZero's omnichain fungible token standard allows for seamless cross-chain transfers, enhancing utility across multiple blockchains while ensuring scalable and efficient transactions.#ApeCoin #ApeChain #BoredApeYachtClub #NFTs #staking #cryptocurrency #Layer3 #ArbitrumOne #DAO #yield #interoperability #blockchain #crosschain #APE #ETH #ZRO
🚀 QuickSwap Introduces Ethereum Liquidity Aggregator Supported By Orbs
#QuickSwap #Ethereum #LiquidityAggregator #Orbs #Polygon #DecentralizedExchange #Layer3 #LiquidityHub #QUICK #ETH
According to Foresight News, Polygon's native decentralized exchange (DEX) QuickSwap has announced the launch of an Ethereum liquidity aggregator powered by Orbs Liquidity Hub. This development follows QuickSwap's previous governance proposal to expand its services to Ethereum using Orbs' Layer 3 liquidity hub protocol.#QuickSwap #Ethereum #LiquidityAggregator #Orbs #Polygon #DecentralizedExchange #Layer3 #LiquidityHub #QUICK #ETH
🚀 Reward Offered for Information on User Data Breach
#RewardOffered #UserDataBreach #ZachXBT #OnChainDetective #KaitoYaps #Wallchain #Galxe #Layer3 #Cookie #Xeet #UserInformation #DataTheft
According to PANews, ZachXBT, known as the 'on-chain detective,' announced on his personal channel that he is offering a $5,000 reward to the first person who successfully retrieves user data from platforms including Kaito Yaps, Wallchain, Galxe, Layer3, Cookie, and Xeet. The targeted information includes usernames, user IDs, on-chain addresses, and points.#RewardOffered #UserDataBreach #ZachXBT #OnChainDetective #KaitoYaps #Wallchain #Galxe #Layer3 #Cookie #Xeet #UserInformation #DataTheft
🚀 Digital Credit Instrument STRC Promises Broader Bitcoin Adoption
#DigitalCredit #STRC #BitcoinAdoption #StrategyWorld #CryptoInnovation #HighYield #BitcoinExposure #DigitalMoney #Layer2 #Layer3 #Fintech #Investment #BTC
At the Strategy World conference, STRC (Strategy Variable Rate Perpetual Stretch Preferred Shares) was introduced as a groundbreaking digital credit instrument. According to NS3.AI, STRC serves as a high-yield, cash-alternative onramp to Bitcoin, raising capital to purchase Bitcoin and providing corporations and investors with a less volatile and more accessible form of Bitcoin exposure. The concept of Digital Credit as Layer 2, along with the potential development of Layer 3 Digital Money solutions, aims to enhance Bitcoin adoption by offering diverse risk-return profiles tailored to both institutional and retail investors.#DigitalCredit #STRC #BitcoinAdoption #StrategyWorld #CryptoInnovation #HighYield #BitcoinExposure #DigitalMoney #Layer2 #Layer3 #Fintech #Investment #BTC
🚀 Kodiak Integrates Orbs' Protocol for Enhanced Trading Features on Berachain
#Kodiak #Orbs #dSLTP #protocol #decentralizedexchange #Berachain #trading #stoploss #takeprofit #Layer3 #automatedtrading #BERA
Kodiak, the largest decentralized exchange on Berachain, has integrated Orbs' dSLTP protocol to enhance its trading capabilities. According to NS3.AI, this integration introduces decentralized stop-loss and take-profit orders for swap trades, providing users with automated sell order execution when predetermined price levels are met. The protocol operates on Orbs' Layer 3 infrastructure, aiming to offer more robust trading options for users on the platform.#Kodiak #Orbs #dSLTP #protocol #decentralizedexchange #Berachain #trading #stoploss #takeprofit #Layer3 #automatedtrading #BERA