TrendX Taps Trusta AI to Develop Safer and Smarter Web3 Network

The post Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason appeared on BitcoinEthereumNews.com. Shibarium, the layer-2 blockchain of the Shiba Inu (SHIB) ecosystem, is battling to stay active. Shibarium has slipped from hitting transaction milestones to struggling to record any transactions on its platform, a development that could severely impact SHIB. Shibarium transactions crash from millions to near zero As per Shibariumscan data, the total daily transactions on Shibarium as of Sept. 16 stood at 11,600. This volume of transactions reflects how low the transaction count has dropped for the L2, whose daily average ranged between 3.5 million and 4 million last month. However, in the last week of August, daily transaction volume on Shibarium lost momentum, slipping from 1.3 million to 9,590 as of Aug. 28. This pattern has lingered for much of September, with the highest peak so far being on Sept. 5, when it posted 1.26 million transactions. The low user engagement has greatly affected the transaction count in recent days. In addition, the security breach over the weekend by malicious attackers on Shibarium has probably worsened issues. Although developer Kaal Dhairya reassured the community that the attack to steal millions of BONE tokens was successfully prevented, users’ confidence appears shaken. This has also impacted the price outlook for Shiba Inu, the ecosystem’s native token. Following reports of the malicious attack on Shibarium, SHIB dipped immediately into the red zone. Unlike on previous occasions where investors accumulated on the dip, market participants did not flock to Shiba Inu. Shiba Inu price struggles, can burn mechanism help? With the current near-zero crash in transaction volume for Shibarium, SHIB’s price cannot depend on it to support a rally. It might take a while to rebuild user confidence and for transactions to pick up again. In the meantime, Shiba Inu might have to rely on other means to boost prices from its low levels. This…

The post ZCash chain posts peak mining, transaction activity in November, beats Ethereum and Solana appeared on BitcoinEthereumNews.com. ZCash (ZEC) was one of the most active assets in the past month, both on exchanges and on-chain. The ZCash network passed Ethereum and Solana in fee production, even without apps.  The recent ZEC rally coincided with the highest level of on-chain activity for the ZCash network to date. The ZEC usage surge was happening on its Solana version as well as the mainnet ZCash chain.  ZEC transactions peaked in November, as the coin spiked above $700. | Source: Bitinfocharts ZCash moved ahead of Solana and Ethereum, lining up behind TRON as the second-biggest network in terms of fees produced for the past 30 days. The record arrived even after ZEC supplied additional volume through its Solana DeFi version, traded on decentralized exchanges. Some of the coin movements were linked to the activity of the Orchard privacy pool, with near-record transfers for bridging and moving ZEC to its protected version.  ZCash turned into the second-biggest fee producer, after an all-time spike for on-chain activity in November. | Source: Token Terminal The increased activity allowed ZCash to produce $47.5M in fees, a total of 2.6% of all fees produced by major blockchains.  ZCash transactions peaked in November ZCash transactions peaked on November 13, at over 73K daily. Later, the transaction pace shifted to a higher baseline. The ZCash network saw almost negligible transactions in the past years, despite claims to potentially displace BTC.  The recent on-chain activity showed that a relatively small number of wallets boosted the activity. ZCash is also ranked 13th based on the largest number of daily active wallets. A total of 11.59K wallets are moving coins on the main network of ZCash.  The recent rally sparked suspicions that ZEC was a potential exit for early buyers, miners, or actively trading whales. ZEC broke out and reached a…

Explore how Filecoin’s recent 50% move aligns with storage demand, while ZKP opens its whitelist and tops 200K sign-ups, shaping the best crypto to buy debate.