Daily Archives: October 8, 2021

Google to Help Digital Asset Platform Bakkt Introduce Crypto to Millions of Consumers

Google to Help Digital Asset Platform Bakkt Introduce Crypto to Millions of Consumers

Digital asset platform Bakkt has announced a partnership with Google “to introduce digital assets to millions of consumers.” With the partnership, Bakkt says consumers will benefit from the “expanded reach and access” to cryptocurrencies.

Google Collaborates With Bakkt to Expand Consumer Access to Cryptocurrencies

Intercontinental Exchange’s digital asset platform, Bakkt, announced Friday that it has partnered with Google “to introduce digital assets to millions of consumers.” By forming a partnership with Google, Bakkt said:

Consumers will benefit from expanded reach and access to digital assets.

Launched in 2018 by Intercontinental Exchange Inc., the parent company of the New York Stock Exchange (NYSE), Bakkt enables institutions and consumers to buy, sell, store and spend digital assets, including cryptocurrencies.

Bakkt explained that “users will be able to add their virtual Bakkt Visa Debit Card into Google Pay to purchase everyday goods and services online, in-store, or wherever Google Pay is accepted.” Cryptocurrencies, such as bitcoin will be converted to fiat currency for these payments to occur, the company clarified.

Several other cryptocurrency platforms have added Google Pay, including Bitpay and the Nasdaq-listed crypto exchange Coinbase. The former added Google Pay for U.S. cardholders to spend cryptocurrencies in August while the latter enabled Coinbase Card users to pay via Apple Pay and Google Pay in June.

Bakkt & Google Cloud

In addition, Bakkt said that it has selected Google Cloud as a preferred cloud provider. The company will market its solutions powered by Google Cloud to leading retailers and merchants in the U.S. Bakkt also plans to leverage Google Cloud’s tools to build new analytics along with artificial intelligence (AI), machine learning (ML), and geolocation functionality on its platform.

Bakkt CEO Gavin Michael opined: “This partnership is a testament to Bakkt’s strong position in the digital asset marketplace, to empower consumers to enjoy their digital assets in a real-time, secure, reliable manner.”

Kirsten Kliphouse, Google Cloud President of North America, commented:

We are proud to help Bakkt accelerate and scale the availability of their innovative solutions, powered by our technologies.

What do you think about Google and Bakkt making cryptocurrencies more accessible to consumers? Let us know in the comments section below.

Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

Russian Parliament to Consider Restrictions for Non-Qualified Crypto Investors

Cryptocurrency can be quite complicated for some and lawmakers in Russia think they need to contemplate restrictions for private investors. According to a high-ranking representative of the legislature, the Russian parliament needs to provide them with “maximum protection” against the risks.

Members of Russian Parliament to Seek Protection for Citizens Investing in Cryptocurrency

Deputies in the State Duma, the lower house of Russian parliament, are thinking about introducing certain legal restrictions on the funds non-qualified investors can put into crypto assets. Anatoly Aksakov, chairman of the parliamentary Financial Market Committee, revealed the intention during an international conference on consumer protection for users of financial services, Interfax reported.

Billions of dollars are being spent on the acquisition of cryptocurrency, Aksakov noted in his statement while highlighting the great risks but also the great returns associated with this type of investment. He then emphasized that “digital assets are subject of our close attention,” insisting lawmakers need to adopt provisions that will safeguard “unqualified” individuals from “ill-considered investments.”

The high-ranking member of the Duma emphasized that Russian deputies will look into ways to ensure “maximum protection” for citizens investing in digital currencies and similar assets. As a new financial instrument, cryptocurrency can be quite complicated for non-qualified investors, Anatoly Aksakov pointed out in his address to the participants in the forum.

This isn’t the first time authorities in Moscow have discussed restrictions on how much ordinary people should be allowed to invest in cryptocurrencies. Last October, Bank of Russia proposed an annual limit of 600,000 rubles ($8,300 at the time of writing) seeking public opinion on the threshold.

The restriction had to be incorporated into the law “On Digital Financial Assets” which went into force on Jan. 1 this year. The head of the Duma’s Financial Market Committee did not elaborate on the legislative measures he was referring to now.

The Russian central bank, known for its hardline stance on crypto regulations, stated in July that the purchase of financial instruments linked to crypto-assets “entails increased risks of losses for people who do not have sufficient experience and knowledge.”

The monetary authority issued the warning as part of a recommendation for Russian exchanges to prevent trading domestic or foreign securities, the dividend payments of which depend on cryptocurrencies. The bank specifically listed products tied to the prices of digital assets, changes in crypto indices, and the cost of crypto derivatives.

Do you think the Russian parliament will adopt tough restrictions for non-qualified crypto investors? Tell us in the comments section below.

Sat Symbol Initiative Attempts to Get Satoshi Design Widely Adopted by the Bitcoin Community

Sat Symbol Initiative Attempts to Get Its Satoshi Design Widely Adopted by the Bitcoin Community

Over the last few days, cryptocurrency advocates have been discussing the Sat Symbol initiative, a goal that aims to get a specifically designed symbol to represent the smallest unit of bitcoin and also get the symbol widely adopted. The Sat Symbol has been promoted by a number of crypto luminaries but others have offered alternative ideas.

Initiative Attempts to Tie Symbol to Bitcoin’s Smallest Unit

Most people know that Satoshi Nakamoto is the inventor of the Bitcoin protocol, the “purely peer-to-peer version of electronic cash” that was launched on January 3, 2009. The word Satoshi has Japanese roots and the name translates into definitions such as ‘quick-witted,’ ‘clear thinking’, and ‘wise.’

Furthermore, the popular anime Pokémon’s lead human character Ash Ketchum’s name is “Satoshi” in Japanese. While the name was used by Bitcoin’s inventor, the term “satoshi” (lowercase) is also the smallest unit of bitcoin.

The term satoshi, when referring to bitcoin’s smallest unit, has been adopted far and wide by the crypto community at large. Around two years ago in mid-October 2019, Oxford University Press published its quarterly report explaining the word satoshi was officially added to the Oxford English Dictionary (OED) database.

The cryptocurrency bitcoin is divisible by up to eight decimal points. Each bitcoin is equal to 100 million satoshis and the protocol has a supply cap of roughly 21 million bitcoin. Now there’s an initiative that is attempting to get a symbol for bitcoin’s smallest unit adopted by the community at large.

The web portal called satsymbol.com showcases the idea as three parallel horizontal lines and there’s a small vertical line above and below the stack of horizontal lines. The website shows the orange “B” bitcoin symbol and how it relates to the satoshi design concept in animated fashion.

“Support the bitcoin design initiative to make this the official satoshi symbol – open, free, and unrestricted as Satoshi would have wanted – please share if you agree,” the satsymbol.com website details.

Satoshi Symbol Discussion Re-Ignites

On Thursday evening around 7 p.m. (EST), the term “satoshi” was trending with a large quantity of trending tweets sharing the Sat Symbol initiative’s design. Microstrategy’s Michael Saylor shared the web domain on Twitter and said: “May satoshi be with you.”

The crypto pundit and self-proclaimed “bitcoin maximalist” Max Keiser decided to share an alternative idea that could represent the satoshi symbol. “Symbol for satoshi should be a tilde. It looks enough like the sign for infinity – and it’s on every keyboard. ~ 1,000,000 = 1 million sats,” Keiser added.

Others shared the old-school S symbol (“Cool S,” also known as the “Stussy S,” or “Super S”) all the cool kids used to draw back in the day. Bitcoin proponent ​​Dennis Porter said he agreed with Keiser’s idea. “I agree with Max Keiser on the satoshi symbol. This is on every keyboard which will make it backward compatible,” Porter wrote.

However, another person disagreed with Keiser’s take on the symbol and one person replied to Porter and said: “Max isn’t often wrong. He’s wrong on this one. This symbol is better,” while sharing a screenshot of the Sat Symbol initiative picture.

A number of others tweeted about the Sat Symbol initiative on Thursday evening. The idea to call the smallest unit of bitcoin satoshi was conceived back in 2010 when an individual dubbed “Ribuck” proposed that one-hundredth of a bitcoin should be called satoshi to honor the protocol’s inventor.

Ribuck’s idea has stuck around and most people use the term satoshi to represent the smallest unit of bitcoin but as far as the symbol goes, a widely adopted idea may not come to fruition.

The attempt to tether a symbol to the term has been tried on many occasions but every one so far has ultimately failed. In July 2019, Square Crypto initiated a trend on Twitter when it asked people to share designs that could represent the smallest increment of bitcoin. One person told Square that he designed a fairly popular idea that had gained some traction.

What do you think about the Sat Symbol initiative and the many attempts to get a symbol tied to bitcoin’s smallest unit? Let us know what you think about this subject in the comments section below.

Meme Crypto Shiba Inu Skyrockets — SHIB Climbs 230% in a Week, Whale Buys 6 Trillion Tokens

Meme Crypto Shiba Inu Skyrockets — SHIB Climbs 230% in a Week, Whale Buys 6 Trillion Tokens

The cryptocurrency shiba inu has managed to capture the 18th position in terms of crypto market valuations. The token has gained 230% during the last seven days and year-to-date, SHIB has gained a whopping 24,177,682%.

SHIB’s Value Swells After Whale Buys $43 Million Worth of Tokens

The popular meme-based crypto-asset shiba inu (SHIB) has seen massive gains this year and has propelled itself into the top 20 market positions. At the time of writing, shiba inu has a market valuation of around $11.6 billion.

Meme Crypto Shiba Inu Skyrockets — SHIB Climbs 230% in a Week, Whale Buys 6 Trillion Tokens

While seven-day stats show SHIB has jumped over 230%, monthly metrics show the crypto asset has gained close to 300%. On Friday, October 8, 2021, there’s $13.9 billion in 24-hour SHIB trading volume.

On September 30, 2021, a whale purchased over 6 trillion SHIB just before the price skyrocketed. Shiba inu made its way into the limelight when Ethereum co-founder Vitalik Buterin donated $1 billion worth of SHIB to India’s Crypto Covid Relief.

In recent times, Coinbase has listed shiba inu (SHIB) and the meme-based crypto asset has seen significant retail demand since the initial listing. The Shiba Inu team has also developed a decentralized exchange (dex) called Shibaswap.

Shibaswap has $364 million total value locked (TVL) and a few different crypto-assets tethered to the SHIB ecosystem like the tokens leash and bone. Leash is swapping for $1,871 per unit and bone swaps for $2.33 per token today.

Stats show the top SHIB exchanges on Friday include Binance, Huobipro, Okex, Coinbase, and Poloniex.

Tether (USDT) is the top pair today with SHIB and 78% of all SHIB trades are paired with USDT. This is followed by BUSD (11.29%), TRY (5.40%), EUR (3.02%), and WETH (0.67%).

What do you think about shiba inu’s massive gains this past week? Let us know what you think about this subject in the comments section below.

Bitcoin.com Wallet Adds DApp Gateway WalletConnect

The Bitcoin.com Team is excited to announce support for Ethereum-based DApps in the Bitcoin.com Wallet via WalletConnect. Earn interest on your cryptoassets, trade using decentralized exchanges, participate in NFT marketplaces and more.

What is WalletConnect?

WalletConnect is a bridge that securely connects DApps to crypto wallets. Once you’ve approved the connection between your wallet and a DApp, the DApp can send transaction requests to your wallet, which you must then approve or deny. You can find more information about WalletConnect here.

How do you connect to DApps in the Bitcoin.com Wallet?

Just go to any DApp website, locate the “Connect” or “Sign in” button, and select WalletConnect as the connection / sign in method. This brings up a QR code and a link.

Then, in the Bitcoin.com Wallet, tap the QR code icon on the home screen and either scan the DApp’s QR code, or paste in the link.

Once you confirm via the Wallet, you’ll be connected to the DApp. This will enable the DApp to see the contents of your Bitcoin.com Ethereum wallet and to send you transaction requests, which you both initiate (via the DApp’s website) and approve or deny (via your Wallet).

You can also connect to DApps using WalletConnect with the desktop/web version of the Bitcoin.com Wallet.

What can DApps do?

While in theory DApps can do anything traditional apps can do, the current processing restraints of decentralized networks like Ethereum mean DApps are primarily used for money-related activities. The use cases of borrowing, lending, exchange, and derivatives form what’s often referred to as DeFi (Decentralized Finance). Popular DApps in this category include UniSwap, SushiSwap, and Compound — and the Bitcoin.com Wallet supports the native tokens for all of those DApps. Recently, NFT marketplaces like OpenSea and SuperRare have become popular DApps. Here, you can buy and sell NFT-based artwork and collectibles, some of which integrate elements of gamification. You can browse through recommended DApps in the Bitcoin.com Wallet app’s Discover tab or find a comprehensive list here.

Is connecting to DApps safe?

Using WalletConnect to connect to DApps is safe in the sense that it establishes a secure (encrypted) connection, with your approval, between your Bitcoin.com Wallet and the DApps of your choosing, and it does not reveal your private key. In other words, when you connect to a DApp via WalletConnect, it’s impossible for the funds in your wallet to be spent without your approval. That being said, any time you (purposely) send cryptoassets to a smart contract, there are risks. These are outlined here.

What’s next?

Bitcoin.com, in line with its vision to support economic freedom, will be rolling out more DApp-related features over the coming months. You can register for notifications here, and follow us on Twitter and Instagram.

Regulation Key to African Fintech Sector Growth — New Study

According to the findings of a study by Afriwise, Kenya, Nigeria, and South Africa have the most developed fintech ecosystems on the continent. The study points to early regulation as one of the reasons for the industry’s success in these countries.

Regulated Fintech Ecosystems Attract Investors

Explaining the key role that regulation has played in the growth of the fintech sector in these three countries, the study states:

The connection between regulations and a flourishing fintech sector is an important one. It is no coincidence that investors and businesses in fintech are drawn to markets with more robust financial regulatory ecosystems. It is one of the reasons that funding remains concentrated in a few markets.

Indeed, the three countries along with Egypt “are recognised as the four fintech hubs in Africa, securing 80% of fundraising in 2020.”

Importance of Regulation

In contrast, investors have steered clear of African countries where there are no fintech regulatory ecosystems. As explained in the report, “the absence of robust regulations can expose both end-users and fintech service providers to a multitude of risks.” Such risks in turn discourage investors from setting up shop.

In addition to the lack of fintech regulatory systems, the study also notes that there is generally “not enough funding allocated toward government training or entities to address regulations for new and constantly evolving sectors.” As a result, regulators often lack the resources to oversee not just fintech but also “cross-border operations for financial service providers.”

Therefore, to overcome these as well as other challenges, the study encourages fintech start-ups to “work directly with regulators, build relationships and ensure they keep up with constantly evolving regulation.” This, in turn, will supposedly ensure that any new regulatory frameworks covering fintech will lead to the growth of the industry.

Do you agree that lack of regulation is hampering the growth of the fintech industry in many countries? Tell us what you think in the comments section below.

Dapper Labs Partners With Chainalysis to Curb NFT-Based Money Laundering

dapper labs

Dapper Labs, one of the most successful companies in the NFT space, has partnered with Chainalysis, a blockchain intelligence company, to increase its compliance profile in the NFT business. The company will use Chainalysis insights to have a better understanding of each one of the transactions that users make with their products and the purpose of each transaction. This will help them detect money laundering instances and market manipulation attempts.

Dapper Labs to Use Chainalysis’ Solutions to Increase Oversight

Dapper Labs, the creators of notable projects like Cryptokitties and NBA Top Shots, has partnered with Chainalysis, one of the leading blockchain intelligence companies, to increase oversight of transactions involving its products. The company is seeking to have a better understanding of what users are doing with its creations, and if these are indeed being leveraged by bad actors for illicit purposes.

NFTs have gotten a bad rap, with some members of the cryptocurrency community making allegations they are being used to launder money due to the outrageous prices of some of these NFTs. Dapper Labs acknowledges the need for more awareness to make their products safer for anyone wishing to enjoy NFT markets. Naeem Bawla, associate director of compliance at Dapper Labs, stated:

NFTs are one of the most exciting spaces in cryptocurrency, but they will only be successful in the long-term if we can ensure a safe environment for our customers.

NFT Boom and Chainalysis Weapons

While NFTs had been largely ignored due to their low trading volumes, this year all that changed, with NFT projects reaching more than $1 billion traded. This has increased concern about the legitimacy of the funds moved in such markets, with companies like Dapper Labs growing increasingly worried about the effectiveness of the compliance measures taken.

Dapper Labs will apply two different Chainalysis tools. The first one is called Chainalysis KYT (Know Your Transaction), which the company claims can flag illicit and risky transactions in real-time, alerting Dapper Labs of any wrongdoing when it is happening. The other tool that the company will be using is Chainalysis Reactor, which will allow the company to make inquiries about, and subsequent investigations into, any transaction. These tools form part of the Chainalysis arsenal to combat irregularities via this new use case that is NFT-based compliance.

What do you think about Dapper Labs’ partnership with Chainalysis? Tell us in the comments section below.

Georgia to Pilot Digital Currency in Retail Commerce Next Year

Georgia to Pilot Digital Currency in Retail Commerce Next Year

The central bank of Georgia is advancing its digital currency project. The monetary authority is preparing to launch the CBDC as early as next year and plans to use the blockchain-based version of the national fiat, the Georgian lari, to facilitate retail sales.

Georgia to Introduce Digital Lari in 2022


The National Bank of Georgia (NBG) intends to pilot its own digital currency in a program scheduled for next year, Vice President Papuna Lezhava revealed this week. Speaking to reporters on Tuesday, the high-ranking official remarked that 85% of the world’s central banks are already working on state-issued digital currencies. Quoted by the Interfax news agency, Lezhava stated:

Some are in the research phase, some are testing, some have already implemented it, including China and the Bahamas. We also want to be at the forefront of this trend.


The banker further elaborated that a central bank digital currency (CBDC) is not cryptocurrency but rather “an evolution of cash.” Nevertheless, the digital Georgian lari is going to be based on the same technology that underpins decentralized digital money, blockchain. The lari coin, however, will neither be mined nor be a subject of market speculation, Lezhava noted.

The NBG will be the only issuer of Georgia’s sovereign digital currency, the bank’s representative emphasized. Despite its differences from cryptocurrencies, the digital lari will be able to compete with them in facilitating various services. At the initial stages of its introduction, the government in Tbilisi plans to use it in retail sales, for example.

Georgian Digital Currency to Be Faster, Cheaper Than Traditional Payment Methods


Officials behind the CBDC project believe that the new currency will help to improve the efficiency of the country’s payment system and promote financial inclusion in Georgia. Financial authorities hope it will become a faster and cheaper means of payment than traditional ones.

The digital lari will also work around the clock and its transactions will not require an internet connection, Papuna Lezhava added. He also highlighted “its main advantage” — the Georgian digital coin will be open to and compatible with other technologies, unlike paper cash and current payment systems.

Georgia to Pilot Digital Currency in Retail Commerce Next Year

In May this year, the National Bank of Georgia called on fintech companies, financial institutions, and technology firms to support its efforts to create a national digital currency. Interested parties were invited to join a public-private partnership tasked to facilitate the adoption of the digital lari in the country’s economy.

The U.S. Federal Reserve, the European Central Bank, and Bank of Russia are among dozens of monetary authorities around the world working to develop and issue CBDCs. The People’s Bank of China has arguably the most advanced project, with numerous trials of the digital yuan already underway across the country.

Do you think Georgia will succeed in its project to launch a central bank digital currency? Let us know in the comments section below.

Dreamr Doubles User Base Since DMR Token Launch and Becomes Top-20 Downloaded Lifestyle App in Apple App Store

Dreamr Doubles User Base Since DMR Token Launch and Becomes Top-20 Downloaded Lifestyle App in Apple App Store

PRESS RELEASE. Dreamr Labs flagship product the Dreamr app gains significant traction after its recent $DMR token listing on Bittrex global exchange and sponsoring Charlie Rockets Dream Machine Tour #DMT21

NASSAU, BAHAMAS (OCTOBER 7, 2021)

Dreamr (Ticker: DMR) is the community driven platform created for users to pursue their personal and entrepreneurial dreams. The platform currently helps people to build a tribe around their declared dream or idea and has decentralized financial tools built on the blockchain in its roadmap to help users overcome monetary obstacles. Users can earn DMR tokens through Dreamr’s in-app rewards program by declaring their dream and using the app’s networking features.

Dreamr social media sensation Charlie “Rocket” Jabaley recently embarked on a 45-day traveling bus tour set to give away $1 million dollars to app users who declare their dreams. The Dreamr token was recently listed on Bittrex global exchange, trading under the DMR symbol. The combination of both events saw the Dreamr app rise to number 18 on Apple Inc. App Store (Lifestyle) and doubled its user base to 60,000 users and counting, less than two weeks after the Dream Machine Tour launched and three weeks from its listing.

Dreamr CEO, Chris Adams stated; ”We are pleased to announce that we have exceeded our internal expectations for app downloads by a significant margin. We attribute this to the combination of being the main sponsor of the Dream Machine Tour and the recent approval to begin trading the DMR platform token on tier one exchange Bittrex Global. It’s now time to build out our social and financial products outlined in the dreamr whitepaper that will give people the tools to achieve their dreams.”

Charlie “Rocket” Jabaley stated “So far we have given away $149,666 to hopeful dreamrs’ who have downloaded the Dreamr app to declare their dreams in the last 13 days, The Dream Machine Tour continues – with the remaining $850,334 to be distributed to deserving users across multiple cities who upload their dreams to the app. The team on the Dream Machine Tour hand picks and travels to those in-need who need help materializing their dreams. We have major announcements planned as the tour continues, with a big finale taking shape for Miami… stay tuned””

Download the Dreamr app and start declaring your dreams today. Connect with @charlie on dreamr to get your dream in front of the Dream Machine Tour team.

ABOUT DREAMR

Dreamr® (Ticker: DMR Bittrex Global) is an ecosystem of social networking and financial tools designed specifically to make the pursuit of one’s biggest dreams more practical. The dreamr platform is a positive and powerful space for users to declare their dream and build a supportive community of new, like-minded connections. The $DMR token is a cryptocurrency native to the dreamr ecosystem that gives platform users a significant say in the platform’s roadmap and user policies (privacy, especially) moving forward. Dreamr was founded in July 2015 and operated in stealth until 2019, and the dreamr app officially launched on iOS & Android in September 2020.

As a brand, Dreamr is known for infusing a community-first, philanthropic spirit into everything it does. Its team of technologists, entrepreneurs, and creatives have come together around a mission to make the pursuit of our biggest dreams and aspirations more practical for everyone – already raising over $2 million to build upon the vision of a digital ecosystem for dreamers, comprised of mobile networking & decentralized financial tools.

 

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MEDIA CONTACT

[email protected]

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.


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Games and NFTs the Driving Force Behind Dapps During Q3, According to Dappradar

dappradar

Blockchain-based games and NFT trading were the driving force behind dapp adoption during Q3, according to defi insight platform Dappradar. In its Dapp Industry Report: Q3 2021 Overview, Dappradar states that the importance of these new activities in the crypto industry rose dramatically, making the space more diversified and competitive in the process. Defi also got a boost with platforms like Solana and Terra maturing to accommodate more projects.

Dappradar: NFTs and Play-to-Earn Were Key During Q3

NFTs and play-to-earn games were very important for the industry during the last quarter, according to the Dapp Industry Report: Q3 2021 Overview issued by Dappradar. The report states the sector has surpassed traditional decentralized apps in unique active wallets, a testament to the popularity of these tools nowadays.

The play-to-earn movement attracted more than 754,000 daily unique active wallets during Q3, providing more activity than other more established decentralized finance protocols. This surge has been in part the product of the irruption of Axie Infinity in the market last quarter, a blockchain game that has already moved more than $1.6 billion. The NFT sector also experienced unprecedented growth, increasing its value by 704% quarter-on-quarter.

Diversification Is Key

The reason for all this boom in previously ignored or marginalized sectors of the industry has to do with the direction that the market has taken, giving value to diversification. This is the opinion of Modesta Jurgelevičienè, Head of Finance & Research at DappRadar, who stated:

If I were to sum up Q3 in a single word, it would be ‘diversification’. The play-to-earn movement became a key driver in the space, NFTs turned towards greater utility and secured record volumes, and the DeFi space got a lot more interesting and competitive with the likes of Solana and Terra.

In general, this gave new breath to the market at that time, when prices were stagnant. The blockchain sector managed to keep expanding as a whole, recording growth of 25% quarter-over-quarter and 509% year-over-year.

While Ethereum is the incontestable leader in the defi market, two blockchains have entered the space with force. Solana reached $8.28 billion TVL during this quarter, an increase of a whopping 1,300% compared to the last quarter. Also, Terra has slowly made itself more relevant by introducing protocols like Anchor, which offers 20% APY over stablecoin deposits. Terra’s TVL is $8.09 billion, up 137% from the last quarter.

What do you think about Dappradar’s latest industry report? Tell us in the comments section below.