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The asset has continued to attract immense attention from South Korean investors throughout this year.

XRP remains a favorite of the majority of crypto proponents across the globe, but recent trends suggest that South Korean investors have been more drawn to the asset. As a result, XRP has secured a comfortable position as the most popular asset in South Korea, based on trade volume this year.

This is according to data from Kaiko, a crypto market intelligence provider. Kaiko recently carried out an analysis of the top altcoins in the crypto markets based on their trading volumes since the beginning of 2023. The report took into account volumes across different exchanges, including Koreas four largest exchanges and Coinbase.

Data from the Kaiko report shows that XRPs trade volume on the four largest exchanges in South Korea has surged dramatically to an estimate of $16 billion since the start of the year. The figure represents more than three times the volume of Nano (XNO) and Dogecoin (DOGE) which respectively secure second and third positions.

In fact, XRPs trade volume on these exchanges is greater than the combined volume of the three assets that secure the second to the fourth positions. For context, the four biggest exchanges in South Korea are UpBit, Bithumb, Coinone and GOPAX.

Recall that XRP overtook Bitcoin in trade volume on these exchanges last month. The asset saw a 24-hour volume of over half a billion dollars on UpBit alone. This dramatic surge in XRP trade volume came on the heels of the assets price rally that began on March 21. The rally pumped an immense amount of demand into XRP.

Moreover, in a previous report, Kaiko asserted that the XRP rally was majorly driven by demand witnessed among Korean investors. However, the market data provider revealed that this demand came mostly from retail investors in South Korea, and not institutions.

Besides the growing interest among Korean investors, whales across numerous jurisdictions have continued to accumulate XRP, especially in anticipation of a favorable ruling in the Ripple vs. SEC case. WhaleStats data shows that the top 100 whales on the Binance Smart Chain hold over 52.6 million XRP tokens valued at an estimate of $26.87 million.

Furthermore, a chart from CoinMetrics revealed that addresses holding at least 10,000 XRP tokens have more than doubled in number since the SEC lawsuit began, increasing from a figure below 120K in December 2020 to over 260K at present. Meanwhile, XRP is currently trading for $0.5168 as of press time, up 0.22% in the past 24 hours.

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XRP Takes the Lead as South Korea Most Popular Altcoin - The Crypto Basic

Decentralized exchanges (DEX) are shaking up cryptocurrency trading by allowing users to exchange digital assets without a centralized intermediary. The result is faster, cheaper, and more secure transactions.

PancakeSwap (CAKE) and Uniswap (UNI) are two of the biggest and best-established DEXs and have been locked in a long battle for market dominance.

In recent months, PancakeSwap (CAKE) and Uniswap (UNI) have struggled to make significant ground, despite the general upturn in crypto market performance, leaving a gap for newcomer TMS Network (TMSN) to exploit during its increasingly popular second presale event.

Built on the Binance Smart Chain (BSC), PancakeSwap (CAKE) leverages the power of Automated Market Makers (AMM) to enable token swapping without a centralized third party. PancakeSwap (CAKE) uses BSC to offer users faster transaction speeds and significantly lower fees than Ethereum-based DEXs.

PancakeSwap (CAKE) offers its users multiple use cases, from coin staking to providing liquidity pools with users earning a portion of trading fees as passive income to staking coins in Syrup Pools to earn tokens or participating in Initial Farm Offerings (IFO), earning through yield farming.

In addition, PancakeSwap (CAKE) is a fully-fledged governance coin, offering token holders full voting rights to control the platforms future direction. Token holders can vote on proposals relating to new platform features, upgrades, or changes to existing functionality, fostering a decentralized and community-driven approach to PancakeSwaps (CAKE) governance.

Uniswap (UNI) is a DEX that, unlike PancakeSwap (CAKE), is built on the Ethereum blockchain. It also uses AMMs to facilitate and validate the trading of various cryptocurrencies on its platform without an order book system found on centralized exchanges.

Instead, Uniswap (UNI) uses liquidity pools to enable currency trades and through which Uniswap (UNI) token holders can stake their tokens to earn a portion of transaction fees in return. These liquidity pools maintain a balance of two tokens during the transaction. Prices are determined by a product market maker formula, which adjusts depending on the relative token supplies within the liquidity pool.

Uniswap (UNI) token holders have full governance rights over the platform, voting on changes to the platform protocol, new features, and upgrades. Uniswaps (UNI) decentralized approach allows the community to participate in the platforms future fully.

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Newcomer TMS Network (TMSN) takes the idea of what a DEX should be and builds on it to provide one of the crypto markets most comprehensive DeFi offerings available. TMS Network (TMSN) provides traders with the wherewithal to trade cryptocurrencies like other DEXs, yet adds the ability to trade traditional financial assets such as CFDs, Forex, and several other assets.

And theres more. TMS Network (TMSN) goes far beyond whats possible on other DEX platforms. Its trading toolkit and education center equip traders of all abilities to make the most profitable decisions possible.

User profitability is at TMS Networks (TMSN) core, with token holders able to access a vast library of educational materials designed to help them on their trading journey through videos, guides, and podcasts that demystify the trading world and help maximize profitability.

In addition, token holders can utilize automated trading bots, strategy builders, social trading access, and arbitrage signals to allow traders of all experiences and abilities to trade effectively and profitably.

As crypto markets mature, users and investors seek more than a single functionality from their platforms. While PancakeSwap (CAKE) and Uniswap (UNI) continue to provide users with a perfectly good decentralized trading platform, the multi-faceted and comprehensive trading capability of TMS Network (TMSN) represents a genuine challenge to their duopoly.

With a presale surge of 2240%, TMS Network (TMSN) is attracting investors and traders in their droves away from more established platforms with its outstanding trading offering, keeping the prices of its competitors low despite the easing of crypto market conditions and providing TMS Network (TMSN) with an incredibly bright future.

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PancakeSwap (CAKE) and Uniswap (UNI) Struggle While ... - Crypto News Flash

Arbitrum is a blockchain scaling solution that improves the efficiency of Ethereum greatly. The chain has been gaining popularity since its launch and is now rumored to seek AI solutions from Fetch.ai (FET) and Avorak (AVRK) to improve the blockchain. This article will explain what Arbitrum is, whether Fetch.ai is a good investment, and why Avorak AI is the best AI crypto in 2023.

Arbitrum is a Layer-2 (L2) scaling solution for the Ethereum network. It boasts to increase the speed and reduce the cost of transactions on Ethereum. The L2 chain uses smart contracts to facilitate transactions and is built on the Ethereum Virtual Machine (EVM).

Specifically, it uses a combination of off-chain and on-chain processing to ensure that transactions are processed quickly and efficiently. While these are all good reasons for future success, its true popularity stems from the recent launch and the airdrop of its native coin, ARB.

In addition, the Arbitrum development team is now rumored to be seeking AI solutions from Fetch.ai and Avorak AI to greatly improve the network and get an edge over the competition like Polygon or Avalanche. If these rumors turn out to be accurate, Avorak AI and Fetch.ai are looking at substantial gains together with Arbitrum.

Fetch.ai aims to provide infrastructure for AI and Web3 to businesses and organizations. It supports smart contracts to deploy its agent-based technology that can be used to develop micro automation.

These micro automations can learn, predict and act on behalf of the user to complete tasks. The team behind the FET coin claim this might reinvent the way people live and work.

With the increasing hype around AI and crypto, the Fetch Network is definitely a crypto asset that should not be missing in any portfolio.

Avorak AI is building an entire AI ecosystem on the Binance Smart Chain with its native token AVRK. The AI platform has already raised over $1,300,000 during the ongoing ICO and is available in its 4th Phase with a bonus of 7% for early investors.

Avorak AI has a strong team of developers and advisors who are committed to driving the growth and adoption of the AI token. With its wide range of AI-backed tools, such as trading bots, chatbots, and image-creation modules, the token is expected to make its earliest backers wealthy individuals after launch.

The rumors that Arbitrum is in talks with the Avorak AI team to adopt some of their technology into the blockchain would drive demand and moonshot the crypto into the Top 150 on CoinMarketCap.

Arbitrum is now rumored to seek help with AI technology from Fetch.ai and Avorak AI. Fetch ai is an already established coin, while Avorak AI is still available in its presale. This results in a unique opportunity for investors to profit from one of the most hyped presales in 2023.

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Website: https://avorak.ai

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None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.

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Arbitrum (ARB) is rumored to seek AI solutions from Fetch.ai (FET) and Avorak (AVRK) - Crypto Mode

BNB Smart Chain recently announced the development of a unique data storage Web3 and ownership infrastructure known as BNB Greenfield.

This newest infrastructure paradigm will emphasise user flexibility and ownership to place it at the centre of data storage for users.

BNB Chain is focusing on inventing a new blockchain technology that would help users and Dapps (Decentralised Applications) gain the ability to access, store, and manage data with private accessibility and personal keys.

Greenfield will work together with the existing BNB chain apps and would also interact with the decentralised storage and new blockchain providers.

Earlier known as the Binance Smart Chain or BSC, the BMB chain is a decentralised, community driven, censor content resistance technology powered by Binance. It consists of BNB Smart Chain and BNB Beacon Chain and is EVM compatible.

It also facilitates a multi-chain ecosystem. Via the concept of MetaFI, the BNB chain aims at building an infrastructure to power a virtual parallel ecosystem. In a recent report by Arcane Research, Binance controls over 92% of overall Bitcoin trading.

The crypto market is renowned by the name of Binance. This hybrid, non-standard approach allows extracting advantages of both approaches while offsetting the cons. The concept around BNB and the use of cryptocurrencies has been particularly popular across iGaming platforms such as Betting.co.uk which offer high limit and no limit betting, involving seasoned players from across the world.

The potential utility for BNB Greenfield includes personal cloud storage, a new social media model, deployment and hosting websites, and storage of terabytes from BNB Smart Chain.

Ownership and data storage have been controversial topics during the transition from Web2 to Web3.

Web3 has offered a centralised, major grip on the storage of ownership and data.BNB chain has a list of capabilities for BNB Greenfield which mentions:

User ability to create, read, and execute accurate data with known UX interfaces

Log-in ability with cryptographic keys or IDs which are anonymous

Users can own and manage their data assets including programming.

Leveraging of data ownership is offered to users for financial benefits

BNB chain also confirmed that the testnet for BNB Greenfield is undergoing development with Nodereal, Amazon Cloud, and Block Daemon.

BNB Greenfield uses Non-Fungible Tokens or NFTs, smart contracts for managing data ownership. They also give access and permission to view the available data on the system. It has also added a feature where BNB Greenfield can store metadata whereas third-party providers store the original data.

As per a press statement released, the storage system is designed for catering to Web2 developers along with large user bases. Victor Glenn, the senior solution architect of BNB Chain mentioned that BNB Chain is focused on creating a new theme for the utility of data and ownership with BNB Greenfield.

This will also build financialisation and utility opportunities for data in storage. It would also allow owners of data via programmability. Technically, BNB Greenfield is composed of a trinity that works hand in hand for providing decentralised data storage systems.

The trinity includes new BNB Greenfield applications, existing BNB chain applications, and BNB Greenfield blockchain inclusive of storage providers.

Binaces blockchain network BNB Chain recently released BNB Greenfield in 2023 which is a new decentralised data storing system that would work around its existing network. This decentralised storage method is enabled with smart contract-integrated Web3 apps and is powered by BNB tokens.

This system aims at granting Dapps and users ownership of personal data and allows the system to support publishing, website hosting, and personal cloud-based applications.

This new project is launched at a time when Binance is already focusing on its influence in the decentralised finance space before the collapse of multiple high-end centralised cryptocurrency exchanges.

Earlier, Binance Smart Chain, or BSC had faced immense criticism for being extremely susceptible and centralized to rug pulls.

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Access, Storage, and Personal Keys: BNB Smart Chain & BNB ... - Retail Technology Innovation Hub

As the cryptocurrency market continues to evolve, two tokens stand out as having the brightest future for investors in 2023: Binance Coin (BNB) and RenQ Finance (RENQ).

In this article, we will explore the unique features and potential of each token and why they are poised for growth in the coming year.

Binance Coin (BNB) is the native token of the Binance Exchange, one of the worlds largest cryptocurrency exchanges. BNB was created to facilitate transactions on the Binance Exchange and provide users with discounted fees. However, it has grown beyond its initial purpose and has become a valuable asset on its own.

One of the key factors driving the success of Binance Coin is the popularity of the Binance Exchange. With over 28.6 million users worldwide, the exchange offers a wide range of features and services, including spot trading, futures trading, staking, and lending. Binance has also expanded into new areas, such as NFTs and DeFi, through its Binance Smart Chain.

As the Binance Exchange continues to grow and attract more users, the demand for Binance Coin is expected to increase. In addition, Binance has announced plans to burn a portion of BNB tokens every quarter, reducing the overall supply and potentially increasing the value of each remaining token.

RenQ Finance (RENQ) is a DeFi token that aims to connect isolated blockchains and establish a cross-chain asset exchange network. RenQ offers a decentralized exchange (DEX) called RenQ Swap, which provides fast and secure trades, low trading fees, and a wide range of supported tokens. The platforms liquidity aggregation protocol allows it to source liquidity from different exchanges, ensuring users get the best prices.

One of the unique features of RenQ is its focus on community-driven governance. RenQ holders can vote on proposals and changes to the protocol, giving them a say in the future direction of the project. This approach has led to strong community support and engagement, which is a crucial factor for the success of any cryptocurrency project.

RenQ has already raised $11 million in its ongoing presale, indicating strong investor interest in the project. The team behind RenQ Finance has a strong track record in the crypto industry, having worked on other successful projects.

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Both Binance Coin (BNB) and RenQ Finance (RENQ) offer unique features and strong potential for growth in 2023. BNB is backed by the success of the Binance Exchange and its growing user base, while RenQ is focused on creating a cross-chain asset exchange network with community-driven governance.

As always, investing in cryptocurrency involves risk, but these two tokens are worth considering for those looking to diversify their portfolios and potentially reap the rewards of the crypto markets growth.

Click Here to Buy RenQ Finance (RENQ) Tokens.

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Website:https://renq.ioWhitepaper:https://renq.io/whitepaper.pdf

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Binance Coin (BNB) and RenQ Finance (RENQ) are the two cryptos ... - Crypto News Flash