Sui Network to Launch Bitcoin Staking
On November 25, Babylon Labs and Lombard Protocol indicated they are in the process of implementing liquid Bitcoin staking on the Sui network, starting in December. According to the announcement, Bitcoin holders on Sui can stake BTC to Babylon, a Bitcoin layer 2 (L2) network, and mint LBTC, Lombard’s liquid staking token (LST), beginning in […]
Bitcoin network hashrate Peaks new all-time high
Bitcoin network hashrate, a closely related yet distinct metric, is currently at 89.4 trillion and historically high levels. On September 1, 2024, the Bitcoin network hashrate, the total computing capacity that secures the Bitcoin network, reached a new all-time high of over 742 exahashes per second (EH/s). The Bitcoin network hashrate has been consistently increasing […]
Bitcoin Network Surpasses Ronin in All-time NFTs Sale
According to data from CryptoSlam, the Bitcoin network has surpassed the Ronin blockchain in the all-time sale ranking of nonfungible tokens (NFTs). On June 18, CryptoSlam, an NFT data tracker, revealed that Bitcoin-based NFTs had achieved an all-time sales volume of $4,271,928,280. This surpasses the Ronin blockchain’s record of $4,271,675,550, propelling Bitcoin into the top […]
Runes Leads Transactions on Bitcoin Network
Regarding daily transactions, Bitcoin Runes has reclaimed the leading position on the network, surpassing the original Bitcoin, Ordinals, and BRC-20 tokens. Launching on April 20, the Runes protocol aimed to improve the performance of BRC-20, an experimental standard for fungible tokens on the Bitcoin blockchain. This event occurred concurrently with the fourth Bitcoin halving. According […]
Lightning Network Payment Volume Rises To 400%
The Lightning Network, Bitcoin’s layer 2 scaling solution, has seen payment volume increase by over 400% as real adoption grows. According to a new report, the Lightning Network has grown in popularity as a means of transferring digital assets quickly and efficiently around the world. Today, CNBC told the story of Alena Vorobiova, a Ukrainian […]