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Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

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Grand Cayman, Cayman Islands, March 28th, 2024, Chainwire

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Sui, the fast ascending Layer 1 blockchain offering industry-leading performance and infinite scaling, continued to demonstrate its blistering DeFi growth by cementing its place in the top ten of all chains by weekly DeFi volume, registering over $830M of trading over the most recent seven days of data available on DeFiLlama and $224M in the latest 24 hours.   

The volume growth comes as the chain has amassed several DeFi milestones since the start of the year, including surging past $700M in total value locked (TVL) earlier this week – up over 1900% since October – and dominating outflows from Ethereum via Wormhole during multiple seven-day periods this year. Sui is also setting the standard for network reliability during periods of high network traffic. In the first four months of its mainnet, Sui completed 65.8M transactions in a single day—the most of any blockchain ever, while throughout its existence, the network has never had an outage or experienced degraded performance.  

These milestones reflect how Sui’s underlying technology, which features an object-centric model, horizontal scalability, the increasingly popular, developer-friendly Move programming language, and recent breakthroughs such as zkLogin and zkSend, enables developers to create products that solve real-world challenges at scale. 

Sui’s technology has also attracted top projects and developers which are increasingly choosing to build on Sui. Most recently, Suilend, a protocol developed by the team behind Solana’s largest lending protocol, Solend, launched in its first expansion outside the Solana ecosystem. Ondo Finance’s treasury-backed assets also recently made their way into the ecosystem, while decentralized derivatives exchange Bluefin left Arbitrum for Sui. 

DeepBook, Sui’s fully on-chain order book, which is part of the Sui Protocol, has experienced a substantial volume increase in March as DeFi on the network continues to flourish. The CLOB saw over $940M in volume since the start of the month, and over $289M of trading in the last week alone, as it continues to provide deep liquidity to all DeFi protocols and traders on Sui with ultra-low, predictable transaction costs and sub-second finality.

“From the Move language to its object-centric architecture, Sui’s technology is unique in the industry and enables a level of innovation that is attracting partnerships, protocol expansions, and independent developers—all building solutions that leverage the Sui network,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s surging metrics in DeFi indicate definitively that in an industry which is currently surging and primed for cutting-edge technology and practical, real-world applications, Sui is increasingly the platform of choice.”

Contact

Sui Foundation
[email protected]

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Press Release

Enter the Wasteland: Survive, Conquer and Thrive in a Post-Apocalyptic Playground with DECIMATED

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Singapore, Singapore, May 7th, 2024, Chainwire

As the digital dawn of gaming rises, the visionary minds behind DECIMATED are ecstatic to unveil their groundbreaking foray into the desolate yet captivating future of online gaming. DECIMATED, a novel 3rd person PvP and PvE online game experience, invites players to an unprecedented journey through a vast dystopian landscape. Offering freedom for players to explore this post-apocalyptic playground, DECIMATED opens up a realm where players craft their own fate as human citizens struggling for survival or cyborg cops enforcing order in a world where nature and technology collide in chaos.

A New World Awaits: Immersive Gameplay and Unparalleled Adventure

At the heart of DECIMATED lies a richly designed, immersive world that tests each player’s survival instincts at every turn. Players engage in a relentless battle for existence against the apocalyptic aftermath, populated by mutated creatures, environmental hazards, and rival survivors. This rich narrative is further enhanced by offering players the opportunity to salvage advanced technology, uncover hidden treasures, and navigate the perils of a fractured society on the brink of rebirth.

DECIMATED stands as a testament to survival, strategy, and resilience, offering a sandbox of endless possibilities. Whether patching up a battle-scarred vehicle, building impenetrable bases, to navigating the treacherous markets of this new world, players can embrace the lawless land, facing off against deranged robots, monstrous bio-entities, and other mutants, all while forging alliances or rivalries with other players to carve out a semblance of civilization amid chaos.

Backed by 46 Investors and a Growing Community

Decimated received an Epic Mega Grant and was backed by 46 investors in December 2021 after the studio was self-funded as an indie start-up for 3 years. Developers Fracture Labs were offered $34M from 180 investors and accepted $3.5M from VC’s including Mechanism Capital, Spartan Capital, Polygon Ventures, Good Games Guild, Israel Blockchain Association, Dutch Crypto Investors and Metavest Capital to name a few. Since then, the Decimated community has grown to 60k followers on Twitter and 23k members in Discord, many of whom are participating in the closed alpha testing.

A Quest for Dominance in the Wasteland: The DIO Token

Economic gameplay takes a revolutionary turn in DECIMATED with the DIO token, integrated into the game using the Solana chain, and with interoperability between all of Fracture Labs’ planned games. This creates a real-time digital economy within DECIMATED, incentivizing players for each and every decision made, as well as their efforts within the game itself. Every transaction, trade, and treasure found within this desolate world is valued in DIO, bridging the game to real-world economic principles, making the thrill of loot discovery and trading exponentially more engaging.

The ways to earn in DECIMATED are as varied as the wasteland itself. Players can venture into the unknown, salvaging cargo and lost technology, engaging in both legal and illicit commerce to claim their fortune. Whether it’s ambushing convoys for loot, undertaking dangerous missions, or trading valuable finds on the virtual market, success in the desolate landscape of DECIMATED demands wit, bravery, and a keen sense of strategy. Decimated features a leaderboard system that rewards the best performing players, whether they play solo, in guilds or clans.

A Game Forged for the Future at Token2049 Dubai

In a recent announcement, DECIMATED confirmed its official sponsorship of Token2049 Dubai, underscoring its commitment to innovation, blockchain technology, and the burgeoning digital economy, demonstrating their potential for the future from the lens of immersive gaming. This sponsorship accentuates DECIMATED’s commitment to forging a future where gaming transcends mere entertainment to become a cornerstone of digital economies in virtual worlds, allowing players to earn real rewards through tournaments.

The community buzzed with excitement for DECIMATED listing on the Epic Games Store in May 2024. While the official launch date is yet to be announced, the open alpha is pegged for the end of 2024, and the eagerness around this launch grows daily as players and fans are encouraged to keep an eye out for what hopes to be a landmark announcement in online gaming history.

About DECIMATED

DECIMATED is the future of immersive online gaming, offering a dynamic 3rd person PvP and PvE experience within a richly detailed post-apocalyptic world. With its unique digital economy and endless opportunities for exploration, combat, and alliance, DECIMATED invites players to define their legacy in a world where every decision can mean the difference between survival and extinction.

For media inquiries or further information, please visit https://www.decimated.net

Contact

CEO
Stephen Arnold
Fracture Labs PTE Ltd
[email protected]
+35699554901



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Press Release

Sharp Token Announces Launch on Coinstore

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The highly anticipated launch of Sharp Token (SHARP) is set to officially launch May 7th on Coinstore.

The Sharp Innovation Foundation built the Sharp Token as a utility reward token, the digital fuel for growth-focused, purpose-driven communities.  It’s created on a robust and scalable blockchain, powered by AI and will revolutionize the way communities grow, engage and create value.

The team behind Sharp Token says its goal is to fuel a growth economy model to give users a feeling of ownership and empowerment by earning tangible rewards. Sharp Token creates an interactive user experience while helping advance the user’s personal and professional growth by learning, sharing, earning, and giving back, in a gamified environment.

The Sharp Token

Purpose-Driven Rewards: Earn tokens by contributing to forums, sharing expertise, and engaging in meaningful activities that benefit the community.

Universal Utility: Use tokens to unlock premium content, participate in community governance, or exchange exclusive digital assets.

Inclusive Economy: From creators and contributors to moderators and curators, the entire community has an opportunity to earn, spend, and grow with Sharp Token.

Engage. Earn. Empower: With Sharp Token, you don’t just earn tokens – you build a reputation, accrue badges, and unlock new levels of engagement and influence.

NFTs: Users create and mint their own unique, code written NFTs including awards, trophies, avatars, and one-of-a-kind designs to be bought and sold on the Sharp NFT marketplace.

Easy to Integrate: Any industry or community can effortlessly adopt our white-label solution to introduce Sharp Token rewards and gamification into their own ecosystems.

Sharp Token has been adopted by communities of 3 million+ users such as CSharpCorner, CSharpTV, Web3Universe, and HackIndia.

 

Coinstore Launch

As of May 7th, investors can purchase Sharp Token (SHARP) on Coinstore, a world leading digital asset trading platform that focuses on emerging high-growth markets.  Based in Singapore, Coinstore boasts over 5 million registered users in 175 countries with target markets in Indonesia, India, and Nigeria.

Coinstore provides users with a wide range of tradable high-quality assets, superior trading experiences and higher investment returns.  The platform anticipates surpassing 10 million users by 2025.

“Coinstore’s secure platform, strong team, entrepreneurial culture and vibrant Web3 focused community make it a natural fit for the Sharp Token launch as we move forward with our goal to harnesses the power of blockchain and emerging technologies to empower community engagement and dynamic growth, while driving the holistic development of individuals.” Stated Praveen Kumar, Director of Sharp Innovation Foundation.

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Ethernity Transitions to an AI Enhanced Ethereum Layer 2, Purpose-Built for the Entertainment Industry

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LOS ANGELES, United States, May 7th, 2024, Chainwire

Global brands and talent will be able to use Ethernity’s technology to store their IP on-chain and engage with their fans through next-generation content and experiences

Ethernity, the renowned platform for authenticated and licensed NFTs with icons like Lionel Messi and Shaquille O’Neal, announces its groundbreaking evolution into a pioneering Layer 2 solution on the Ethereum blockchain. This evolution is poised to transform the web3 entertainment landscape, directly addressing the challenges faced by major brands like Amazon, Marvel, and Warner Brothers in embracing blockchain technology.

Ethernity’s interactions with global entertainment brands uncovered significant barriers to their adoption of web3, ultimately inspiring the development of the Ethernity Chain. Chief among their concerns were privacy, cost and complicated interfaces, all of which have been addressed by this evolution; Ethernity’s Layer 2 solution enhances security, offers reduced gas fees, and includes a plug-and-play toolkit, making it easier for global entertainment brands to integrate their franchises into the blockchain. To ensure proprietary data and creator IP are protected, the Ethernity Chain incorporates advanced AI capabilities – including comprehensive Digital Rights Management (DRM) controls – that combat counterfeit asset trading and provide a secure environment for both users and brands.

Key Features of the Ethernity Chain

  • Enhanced AI Capabilities: Embedded within the Ethernity Chain, AI provides unparalleled security and brand protection through robust Digital Rights Management (DRM) controls, designed to prevent counterfeit asset trading and ensure a secure environment for users and brands alike.
  • Plug and Play Toolkit: The Ethernity Plug and Play toolkit provides brands and creators with no-code tools to bring their global entertainment brands onto the blockchain and to quickly and easily ramp up tokens, marketplaces, and web3 applications.
  • Eco-Friendly and Low Gas Fees: The Ethernity Chain is designed to minimize environmental impact and lower the barrier to entry for users and developers through significantly reduced gas fees.
  • 100% EVM as Standard: The Ethernity Chain seamlessly integrates all current standards, including tokens, NFTs, and DeFi smart contracts.

“Our goal is to revolutionize how entertainment brands engage with their audiences through web3 technologies,” said Nick Rose Ntertsas, Co-Chief Executive Officer at Ethernity. “By evolving into a Layer 2, we are not only expanding our capabilities but also providing a navigable, sustainable and secure environment for brands to create next-gen entertainment products and fan experiences.”

For more information about Ethernity and its transition to Layer 2, please visit https://ethernity.io. 

About Ethernity

Ethernity is a leading Cayman Islands based technology company specializing in innovative web3 solutions including their upcoming Ethereum Layer 2 solution specifically built for global entertainment brands aiming to transition their intellectual properties to the blockchain. By capitalizing on our established partnerships, deep expertise, and robust infrastructure, Ethernity is set to spearhead the world’s leading web3 entertainment ecosystem. We offer an AI enhanced, secure, eco-friendly, and intuitive platform that caters to the evolving needs of the next generation of entertainment enterprises and products.

Contact

CMO
James Aitken
Ethernity Chain
[email protected]

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