Key Takeaways
- IOTA will soon deploy the Shimmer network as a testing ground for its new staking capability for its coins. Other tokens produced on the blockchain, rather than IOTA, will be handed to stakers.
- Since its inception in August 2020, the DeFi system has processed over 1.75 billion transactions.
- As per WhaleStats, the top 1,000 ETH wallets collectively possess $2.35 billion in SHIB, accounting for about 9% of the overall market capitalization.
In a blog post during this week, IOTA revealed its new staking test net. The staking mechanism is intended to ensure that newly introduced virtual assets receive a fair token allocation. It makes use of the "fair" token distribution mechanism that has already occurred for IOTA.
This new distribution mechanism has been termed "rolling airdrops" by IOTA.
IOTA, the same as Bitcoin, has a finite amount of tokens. This implies that stakers will have to be paid via "new crypto networks or apps," rather than freshly minted IOTA coins. Stakers on the Shimmer network, for instance, can stake IOTA and receive Shimmer tokens as a return.
The daily transactions on Binance Smart Chain have reached an all-time high
Binance Smart Chain (BSC) achieved 14.7 million blockchain transactions on Tuesday, according to statistics from BscScan, an Etherscan sister product.
This is a new record high for the decentralized finance network, surpassing the previous high of 13.1 million on July 29 of this year.
In addition, on Tuesday, 276,446 new wallet addresses were opened, a significant increase over the 111,244 new addresses created on July 29. This morning, the BSC team posted an official notice about the achievement.
To put things in perspective, the Ethereum network processed 1.3 million transactions on Tuesday, with 134,354 new addresses created, while the Bitcoin network processed 301,103 transactions, with 740,829 new addresses introduced.
Shiba Inu has the greatest ERC-20 ownership among ETH whales
According to new statistics, Shiba Inu (SHIB) is the most popular ERC-20 token of the top 1,000 Ether (ETH) whales.
According to figures supplied by WhaleStats based on the Ethereum-based token ownership of the top ETH wallets, SHIB represents about 21.68 percent of the total market share of $2.35 billion. Crypto.com's native token, CRO, is the second most valuable asset in terms of ownership, accounting for 5.54 percent of the market capitalization at $603.9 million.
SHIB is presently the 11th-highest-ranked digital asset based on total market cap, approximately $26.9 billion, implying that ETH whales own around 9% of all SHIB in existence, as per CoinGecko statistics.
The SHIB network has been working hard to get cryptocurrency trading sites like Coinbase and Robinhood to promote the token. At the time of writing, the Change.org petition to persuade them had collected over 530,000 supports. SHIB was added to Coinbase Pro in September.
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