Daily Crypto News-The Founder of Polkadot (DOT) has announced a $774 million development fund for DeFi

Daily Crypto News-The Founder of Polkadot (DOT) has announced a $774 million development fund for DeFi

The founder of Polkadot (DOT) has announced a $774 million development fund for DeFi

Gavin Wood promised $774 million available to be spent on creative ideas following the DOT rally last week, which was fueled by the revelation of Polkadot(DOT) highly anticipated para chain auctions. Wood posted on Twitter, encouraging DOT holders to submit ideas for expanding the network’s reach.

If Ethereum manages to break through this barrier, it might experience a significant increase

In terms of the US Dollar, Ethereum(ETH) was maintained above the $3,650 level. To go higher in the short term, ETH must break over the $3,850 and $3,900 resistance levels. Ethereum has begun a new uptrend over the $3,700 and $3,750 resistance levels. The price is presently trading over $3,800 as well as the 100 hourly simple moving average.

Arbitrum increases its lead over Optimism as Uniswap hits L2 volume records

As Uniswap(UNI) layer-two volume presses into record highs, DeFi users tend to prefer Arbitrum over Optimism for scaling. Uniswap, the world’s most popular decentralised exchange, is experiencing a jump in layer two volumes as Ethereum transaction costs rise once more.

Shiba Inu anticipates much wow 90% breakout as the SHIB price paints a perfect bull pattern

The Dogecoin(DOGE)-inspired joke cryptocurrency’s price has been consolidating under a structure that resembles a Bull Pennant. In 2021, the Shiba Inu (SHIB) market is in a very strong bull market, with one significant continuation pattern on its longer period charts highlighting the potential for a further 90% upward move ahead.

The number of unique Polygon($MATIC) address numbers has reached an all-time high of 100 million

The number of unique addresses on the Polygon (MATIC) network has just surpassed 100 million, as users continue to take advantage of the network’s low transaction costs and use it to access decentralised finance (DeFi) apps. The network’s development has been consistent throughout time, with an apparent exponential growth period beginning in June of this year.

Despite Major Selling by SHIB Whales, Shiba Inu Recovers by 40%

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