Here are the 8 altcoin projects that Layergg believes have high potential to be listed on Binance:

Memecoins: MOG, BRETT, POPCAT

L2: BLAST, TAIKOI

AI: SPEC, AKT

Base: AERO

Layergg based its analysis on several factors, including:

The projects’ strong communities and active development teams

The projects’ innovative technology and potential use cases

The growing interest in the projects from both retail and institutional investors

The firm believes that Binance is likely to list these projects in the near future, as the exchange has a history of listing altcoins with strong fundamentals and growing popularity.

In addition, Layergg notes that the market has turned green in recent weeks, which could further encourage Binance to list new altcoins.

The post 8 Altcoin Projects with High Potential to Get Listed on Binance Soon appeared first on Coin Engineer.

With 10 billion tokens allocated, the second round of user rewards—akin to the first round—will be split between Blast Points and Blast Gold, according to a blog post. Blast targeted 17 billion tokens for its first-phase incentives beginning this week.

“Phase 2’s main goals are to support the creation of mobile dapps and incentivize users to use those dapps via the Blast App,” company wrote in the post.

Five billion Blast tokens, or half of the second-phase awards, will be put aside for Blast Points. The project allows users to accumulate these points depending on their ETH, WESH, USDB, and BLAST balances.

Blast Gold, the project claims, will get another half of the prizes. Dapps will get gold depending on their performance on Blast’s mainnet and upcoming contests.

The project said, noting that it takes time to construct the initial infrastructure and support dapps in developing new applications on top of that infrastructure, that the phase 2 airdrop is intended to last 12 months. “The primary purpose of Phase 2 is to support the development of the full-stack chain.”

With a circulating quantity of 17.4 billion tokens, The Block’s price page shows the price of the Blast token declined 11% during the past 24 hours to $0.019.

Designed by Blur founder Tieshun Roquerre, Blast went live in early access mode in November 2023. Data from DefiLlama shows that the total value locked on Blast at the time of writing was $1.36 billion, whereas on June 6, it recorded $2.3 billion.

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BLAST’s price has since increased by over 40%, reaching $0.0281 at the time of writing, according to CoinMarketCap data.

This comes in contrast to recent high-profile token launches, including those from Ethereum layer-2 networks zkSync (ZK) and LayerZero (ZRO). Both tokens have seen their prices fall by 46% and 43%, respectively, since their launches.

The airdrop accounted for 17% of BLAST’s total supply, with 7% going to users who bridged Ether to the network.

An additional 7% was allocated to users who contributed to decentralized applications (DApps) on the network, while 3% went to the Blur Foundation for future airdrops.

Blast airdrop becomes a target for scammers

Like other notable airdrops this year, Blast’s airdrop event has also attracted the attention of many scammers.

Scammers often target hyped-up airdrops because airdrops typically require crypto users to connect their wallets and sign transactions to claim their allocated tokens.

Cryptocurrency security service Scam Sniffer has identified a user who fell victim to a Blast airdrop scam and lost over $217,000 after signing multiple phishing signatures.

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How to Earn Blast Points and Gold

The project posted today on X that users must complete specific actions to be qualified for the airdrop and that dapps must give users before 8 a.m. on June 25 ET reward incentives, including Gold and Points.

According to its note, the project plans to deliver half of the airdrop to developers using Blast Gold and the other half to early users using Blast Points depending on wallet and dapp balances.

The project says, “50% of the Blast Airdrop is allocated to Blast Points; users’ wallets will automatically earn Points based on their balances.” Blast Gold is meant to be used as an incentive for the expansion of Dapps in the meantime. The project noted: “This means that Dapps should give 100% of any Gold they earn to their users.”

Blast Airdrop Eligibility and Requirements

Users must additionally log into their Blast dashboard using the qualified EOA at least once to be included in the airdrop.

Blast advised: “If you are a user and your EOA has Points or Gold, you must have signed into your Blast dashboard with that EOA at least once (either by receiving an invite or linking it to an existing account) in order for it to be included in the airdrop calculations.”

Originally projected to take place in May, the project revealed a delay a delay last month and said the allocation would be changed to reflect this.

Designed by Blur founder Tieshun Roquerre, Blast went live in early access mode in November 2023. Data from DefiLlama shows that although the total value locked on Blast at the time of publication was $2.09 billion, on June 6, it reported $2.3 billion.

Moreover, lately, blast-based games have been really popular. Based on great success on its testnet, the crypto trading card game “Fantasy” launched on the Blast mainnet in April. Based on daily fees earned, the protocol ranked last month among the top 10 platforms.

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Amidst this dynamic landscape, let’s delve into the evolution of unique active users across altcoin networks over the past month and uncover the top-performing contenders.

BNB Chain, Polygon, and Ethereum: Unwavering Dominance

Onchain data reveals that BNB Chain, Polygon, and Ethereum continue to hold their top positions in terms of unique active users.

BNB Chain maintains its lead with a staggering 452 million unique active addresses, marking a 2% growth over the past month. Polygon follows closely with 431 million unique active addresses, showcasing a 3% increase during the same period.

Despite the Ethereum spot ETF approval, the network’s unique active user count has remained relatively stable at 271 million, exhibiting a modest 2% growth.

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Sui and Blast: The Fastest-Growing User Bases

Sui and Blast stand out as the altcoins with the most significant percentage increases in unique active users. Sui boasts an impressive 45% growth, while Blast trails closely with a 40% surge.

Complete Ranking of Altcoin Networks by Unique Active Users:

1. BNB Chain – 452 million
2. Polygon – 431 million
3. Ethereum – 271 million
4. Tron – 233 million
5. Fantom – 177 million
6. Optimism – 144 million
7. Base – 76 million
8. Arbitrum – 29 million
9. Avalanche – 20 million
10. Ronin – 19 million

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K33 DeFi analyst David Zimmerman had recently reported on a SocialFi game, Fantasy Top, that operates on the Ethereum layer-2 network Blast. The unique selling point of the platform was emphasized by Zimmerman, by means of which the users had possibility to trade virtual trading cards associated with X accounts of crypto, and compete in tournaments to win rewards.

Zimmerman pointed that currently, a pack of trading cards at Fantasy costs approximately 0.39 ETH and the equivalent of $1,200 on the prevailing rate. This highlights the high investment potential within the platform.

Over the course of the day, though, Zimmerman also warned of the dangers within the SocialFi space, with the main issue being the cash grabs and influencers pushing platforms for their own personal gain.

Influencers are paid to push the platform earning a 1. 5% fee of the trading volume for their card on top of 10% of the pack sales,” Zimmerman specified, revealing the convoluted dynamics behind these platforms.

Blast: Holding Relevancy Amidst Ethereum Layer-2 Launches

Despite the big influx of other layer-2 networks on Ethereum, Blast has remained relevant, mainly due to the aggressive airdrop program, as Zimmerman said.

“When Ether (ETH) price fell for 17% in April, Blast’s Total Value Locked (TVL) remains high in USD terms,” Zimmerman reflected, highlighting the strength of the platform during market swings.

Friend.tech’s Airdrop Fiasco and the Fallout

The air-drop that everybody was anticipating from Friend. Tech on May 3 got bad rap due to technical hitches that left many users frustrated as they could not access or dispose of their tokens fast.

“The outcry of criticism was aggravated by large accounts that dumped considerable amounts of the FRIEND token before its availability to many users,” Zimmerman stated adding that the price of the token fell from an impressive $28 down to a mere $1.90 as of the time of publication.

The Emergence of Sanko GameCorp

Outside the territories of Pal. Amongst the crypto-native users, Sanko GameCorp with its gaming and streaming platforms is catching up to Tech and Fantasy Top. Zimmerman views Sanko GameCorp’s fair launch approach as an idea with potential and expects it to become a meme-coin playground of anti-VC fervor.

Consequently, with Sanko GameCorp about to launch its own L3 since it is a social gambling platform about to enter SocialFi scene, it could become a major player in the emerging SocialFi landscape, Zimmerman concluded.

The post The Rise of SocialFi: Exploring Fantasy Top, Blast, and Sanko GameCorp appeared first on Coin Engineer.

In a statement released on their official website on May 5th, OKX revealed that ZERO will be available for spot trading on May 6th at 11:00 AM UTC with the ZERO/USDT trading pair.

Deposits for ZERO are already open, and withdrawals will commence on May 7th at 1:00 PM UTC, OKX added.

With a total supply of 100 billion, ZERO is currently not trading on any exchange. The listing on OKX is expected to mark the official debut of the cryptocurrency on the market.

However, OKX issued a risk warning, emphasizing that some data is obtained from third-party sources and not from their own.

The post OKX Announces Exciting New Listing: ZERO! appeared first on Coin Engineer.

With the launch of the live Mainnet, users now have access to a robust ecosystem boasting approximately 469,000 ETH, 77.3 million USDC, 67.1 million USDT, 148,000 stETH, and 24.7 million DAI, as reported by a Dune Analytics dashboard. This development enables users to withdraw their funds seamlessly.

Founded by Tieshun Roquerre, the mastermind behind the NFT marketplace Blur, Blast introduces a native yield model for both ether and stablecoins. It promises an attractive 4% interest for ETH and 5% for stablecoins.

The platform has garnered substantial interest, with over 180,000 community members and a staggering $2.3 billion in total value locked (TVL) during its early access phase, preceding the mainnet launch.

Notably, a bridge to the platform surfaced ahead of the official launch, drawing parallels to previous developments preceding major launches in the crypto space.

Arnold Toh, a blockchain research analyst at The Block, commented, “Blast’s TVL surpasses $2 billion even prior to its mainnet debut, positioning it as a significant player alongside L2 giants like Arbitrum One and OP Mainnet.”

Blast’s early access period, which commenced in late November 2023, allowed users to commence earning yields through bridging assets and Blast Points, a rewarding system for bridging assets and referring new users to the platform.

Addressing concerns about the platform’s sustainability and likening it to a Ponzi scheme, Roquerre, also known as Pacman, refuted such claims. He clarified that the yield generated is sourced from reputable protocols such as Lido’s liquid staking and MakerDAO’s DeFi protocol.

Blast secured $20 million in funding in November 2023, spearheaded by crypto-focused venture firms Paradigm and Standard Crypto. The redemption of Blast Points is tentatively set to commence on May 24.

It’s important to note that Larry Cermak, CEO of The Block, serves as an angel investor in Blast, underscoring notable industry support for the project’s vision.

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