PANews reported on June 29 that according to Crypto.news, CryptoSlam data showed that the NFT market showed signs of recovery in the past week, with transaction volume rising 8.17% to $125.1 million. Market participation indicators remained stable, with the number of NFT buyers remaining unchanged at 1,061,348 (maintaining a growth rate of 50.56%), and the number of NFT sellers increasing by 8.09% to 38,494. The number of NFT transactions increased by 1.82% to 1,717,339.
The transaction volume of the Immutable network was $33.3 million, up 15.34% from the previous week; the transaction volume of the Ethereum network reached $25.6 million, up 31.77%. The transaction volume of the Polygon network was $16.5 million, down 29.42%. The transaction volume of the Mythos Chain network was $14 million, down 1.29%. The number of buyers of most blockchains increased, with Polygon leading with a growth rate of 35.63%, followed by Bitcoin (23.22%) and Mythos Chain (19.32%).
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Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more