Altcoin News by Thebittimes.Com

The crypto currency market cap grew to $1.5 trillion in November as blockchain protocols and digital assets experienced a massive influx of capital. During November, crypto price s saw a significant uptick amid market-wide bullish sentiment among participants, with tokens in the top 30 by market cap leading gains within 30 days.  Avalanche (AVAX), a layer-1 blockchain, led price gains with a massive 88% increase on the back of institutional interest, according to 21Shares. JPMorgan and Apollo Global tapped an Avalanche subnet for an on-chain portfolio management tool included in Project Guardian, a proof-of-concept initiative spearheaded by the Monetary Authority of Singapore. Once hailed as a so-called “Ethereum killer”, Solana’s network saw renewed on-chain activity which filtered into the SOL ecosystem. The token rallied some 63% and trading on Solana-native decentralized exchanges (DEX) hit an all-time high of $7.3 billion. Users likely flocked to Solana for its cheap transac...

“The foundation intends to allocate $15 million annually in community grants to support innovative DeFi projects. Uniswap, the decentralized exchange (DEX), is currently soliciting on-chain votes to secure approval for the release of its second tranche of funding amounting to $74 million for the Uniswap Foundation’s development endeavors. According to the announcement dated September 27th, this second funding tranche, bolstered by a 10% price volatility buffer, carries an estimated value of $62 million. Its fate will be determined through an on-chain vote scheduled for October 4th. If ratified, these funds will be earmarked for operational enhancements and research grants. The Uniswap Foundation’s mission encompasses nurturing core protocol metrics, nurturing a conduit for innovation, and aligning incentives among stakeholders of this popular DEX. The development team elucidated their plans for the forthcoming year, which include the creation of a software developme...