Coinbase, one of the leading cryptocurrency exchanges, has made a groundbreaking announcement by listing the , the governance token of the Seamless Protocol. This move marks a significant milestone as $SEAM becomes the first native project token on the Base blockchain to be listed on Coinbase. Moreover, COINBASE plans to airdrop $SEAM tokens to Base users based on their past engagement with the platform, signifying a strategic move to reward and incentivize user participation within the ecosystem. This development underscores Coinbase's recognition of the potential and value embedded within the Seamless Protocol and its native token, highlighting the growing significance of governance tokens within blockchain ecosystems.
on Blockchain Dominates Daily Transactions with Inscriptions
Recent data has revealed a compelling trend within the blockchain space, particularly on Polygon, where a staggering 64% of daily transactions are Inscriptions. These transactions on Polygon significantly outweigh those on BNB Chain, accounting for about 53%, and Avalanche, constituting approximately 16% of total transactions. The prominence of Inscriptions on Ethereum Virtual Machine (EVM)-compatible blockchains continues to surge, indicating sustained enthusiasm and adoption within this segment of blockchain networks.
Robinhood Witnesses Surge in Crypto Trading Volumes
In a separate development, Robinhood, a popular trading and investment application in the United States, has experienced a substantial surge in cryptocurrency trading volumes. November saw a staggering 75% increase in crypto trading volumes on the platform, reflecting the continued and robust interest of investors in the crypto market.
Rising EVM Blockchains Transactions and USDT Restrictions
EVM-compatible blockchains such as Polygon, BNB Chain, Avalanche, Celo, and Fantom have witnessed a surge in transaction volumes, attributed to the launch of standards akin to Ordinals on Bitcoin. This surge in transactions reflects the growing influence and adoption of these blockchain protocols, echoing trends seen in the broader crypto space. However, concerning developments around Tether (USDT), nearly 1,000 addresses associated with USDT on Ethereum have been either banned or frozen, setting a record for the number of restricted USDT addresses. Notably, addresses flagged as restricted or frozen are unable to conduct any transactions involving the stablecoin, shedding light on its centralized nature facilitated by a built-in function within the USDT codebase. These recent developments underscore the evolving landscape of cryptocurrencies, from significant listings and surges in trading volumes to nuanced issues like token restrictions, shaping the narrative of the crypto industry's current state and future trajectory. As the crypto market continues to evolve dynamically, staying updated with such crucial developments remains essential for investors, enthusiasts, and industry participants alike.
