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On Sunday (May 29), Charles Hoskinson, Co-Founder, and CEO of Input-Output Global (“IOG”), the company responsible for Cardano’s research and development, took a closer look at 24-hour transaction volumes across major blockchains.
Data from the tracking platform Shibburn reveals that past week over 2.41 Billion tokens of the dog-inspired cryptocurrency Shiba Inu (SHIB) was burned with nearly 236 separate transactions.
Investors and users who wish to bridge their USDC from the Ethereum blockchain to Cardano can now do so through Milkomeda. The user bridges Ethereum-based USDC to Milkomeda and then transfers it to Cardano as Cardano Native Asset.
Shiba Inu whales have been more active in the last 24 hours, as stated by IntoTheBlock data, with a 122% spike in large transactions.
As stated by “ADA whale,” a Cardano community-focused Twitter account, Cardano remains one of the few coins that comes close to Bitcoin’s distribution and inflation. He also feels that ADA could become a highly scarce asset at some point in the future, as it may follow a BTC-like path.
Ethereum is one of the most widely-adopted cryptocurrency projects worldwide. Yet, it’s hated worldwide for its sky-high gas (transaction) fees
Tesla Merchandise can now be purchased using the meme-coin with the use of Dogecoin as a payment option for SpaceX merch to be integrated soon.
In the quest to support the revival of Terra (LUNA), the community voted to burn a large amount of UST from its community pool. Earlier in May, the Terra founder Do Kwon explained that a potential solution to the Terra debacle is to absorb the stablecoin supply.
Cardano founder, Charles Hoskinson, a longtime proponent of more government transparency when it comes to regulation and how ADA may aid in the wider acceptance of cryptocurrencies among policymakers
Ethereum is shifting from PoW to PoS network to solidify its stance in the crypto space. This plan and preparation, which have been ongoing for more than a year, seem to be ending.
