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Best Wallet is entering the market at a pivotal time, as the crypto wallet industry is set for significant expansion in the coming years. While leading platforms have focused on small improvements, Best Wallet takes a different approach by introducing multi-chain support and advanced tools that go beyond standard wallets, positioning it for long-term success. Best Wallet’s $9.8M ICO Highlights Its Rise as a Major Web3 Contender Best Wallet has emerged as a standout project in the Web3 space, currently in its ICO phase with nearly $10 million raised. Unlike many speculative token launches, this project offers a fully functional product—a Web3 wallet with over 100,000 active users. With support for 60 major blockchains and backing from reputable brands in the industry, Best Wallet is positioning itself as a major contender in the decentralized finance ecosystem. It offers users a wide range of Features , including lower transaction fees, access to new crypto projects, hi...

Despite the downturn in the crypto market and Bitcoin’s decline, Best Wallet’s presale has surged, raising over $5 million and demonstrating strong investor confidence. Best Wallet Token (BEST) has seen over $1 million in presale inflows over the past seven days, with experts predicting a 10x increase upon debut. What’s driving this rapid momentum? Let’s explore Best Wallet’s Features and the benefits offered to token holders. Best Wallet raises $5 million in presale – Top wallet for 2025? Best Wallet (BEST) presale is gaining momentum, with over $5 million in funds raised. As interest grows, Best Wallet is becoming the top choice for traders due to its low transaction fees and attractive pricing, making each trade more rewarding. To benefit from these perks, users need to buy $BEST tokens, which are currently priced at a discount of $0.023275 per token. However, this offer won’t last long. In less than 8 hours, the price will increase as...

A Solana (SOL)-based decentralized exchange (DEX) altcoin surged by more than 5x on Friday after South Korea’s largest crypto exchange rolled out trading support for the asset. Traders on the Seoul-based Upbit can now purchase and unload DRIFT, the native asset for the Drift Protocol, an open-source DEX that enables transparent and non-custodial trading. Explains the project’s whitepaper, “Drift was designed with a goal to be capital-efficient but also protective of your assets. We achieved that by setting up sophisticated cross-margined risk engine – a system of tools with an extensive protection from over-extending risk. For instance: In the lend/borrow markets, you can also use collateral for perpetual futures and trade more efficiently with spot assets. Every token you deposit can earn you more through borrowing and also act as a collateral for perpetual swaps. Borrowers can only borrow if they have more collateral than needed, following multiple saf...

Senior security engineer Shakib Ahmed admitted to hacking the Nirvana Finance protocol and another unnamed decentralized exchange (DEX). According to the statement, Ahmed agreed to return $12.3 million obtained as a result of the exploit, as well as pay compensation in the amount of $5.07 million . The U.S. Attorney’s Office says in the summer of 2022, Ahmed took advantage of a vulnerability in the smart contract of an unnamed Solana-based exchange to steal funds. A few weeks later, the hacker carried out another attack on another Nirvana Finance project. Protocol officials offered him a $500,000 reward for return ing the funds, but the parties never reached an agreement. The Southern District of New York court found Shakib Ahmed guilty of hacking smart contracts and stealing assets. U.S. Attorney Damian Williams said Shakib Ahmed’s case is the first-ever conviction for such a hack: “My Office announced the first-ever arrest involving an attack on a smart ...

Applications built on LayerZero’s cross-chain messaging protocol are gathering momentum primarily due to excitement over a potential airdrop. LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can benefit from cross-chain liquidity provisions. The LayerZero platform was launched in September 2021 with Stargate Finance, a cross-chain bridge, as the first application built on it. The project raised $261 million in three funding rounds, doubling its valuation from $1 billion to $2 billionfrom March 2022 to March 2023. Data analytics firm Nansen reported that decentralized applications (Dapps) built on LayerZero are some of the top-used entities across blockchain platforms like Aribtrum, Optimism, Ethereum, Binance Chain and Polygon. In the first week of April, ...

JOE token surges as Trader Joe’s Liquidity Book model climbs into the top 5 DEX list. Trader Joe has risen to the top five decentralized exchanges by trading volume after the launch of its V2 platform on Arbitrum on Feb. 1, 2023.  Top five DEX by 7-day trading volume. Source: DeFiLlama The project launched a liquidity incentive program to boost deposits for ARB, ETH and USDC trading which shared 300,000 JOE token rewards worth around $171,000. The incentive program ends on April 6. The project’s social media account reported that Trader Joe accounted for 15.7% of the total ARB trading volume in the first week. We do a little trading at Trader Joe's. Liquidity Book powered 15.7% of all $ARB trading on-chain in the first 7 days pic.twitter.com/qlcYwvXFrp — Trader Joe | (@traderjoe_xyz) April 2, 2023 While JOE token incentives played a hand in increasing the liquidity for ARB token, innovation from the team in developing the capital efficiency of the DEX is the primary reas...