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Last month in late March 2023, IOTA developers announced the release of the ShimmerEVM testnet, and in no time the platform has attained significant milestones.

In just around a month since its launch, the Shimmer EVM testnet has hit a transactions milestone of around 1 million with over 38,000 active wallet addresses. Additionally, the platform has also deployed more than 2,200 smart contracts.

IOTA co-founder Dominik Schiener also congratulated the Shimmer team for hitting this milestone noting 1 million transactions on the Shimmer EVM in less than 1 month, a big milestone that shows the resilience, speed, and reliability of the network. He further added that the next milestone in sight should be 10 million transactions.

The launch of the ShimmerEVM testnet a month ago was a key step in expanding the reach of the interoperable Shimmer protocol to w very wide community of blockchain developers and users who have been working on the EVM-compatible smart contracts.

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The launch also proceeds with the highly-anticipated and much-awaited release on the Shimmer network and brings endless possibilities and features available in the Shimmer protocol. As part of the public testnet phase, IOTA developers shall further test the ShimmerEVM and validate it as part of their efforts to find bugs and improvements in this case.

Within a very short time of its release, there have been multiple projects testing their deployment on the ShimmerEVM testnet. Earlier this week, the Shimmer network announced another major infrastructural development on the ShimmerEVM testnet, dubbed the Pyth Network.

In a recent development, the Pyth Network has also deployed its oracle contracts on the ShimmerEVM testnet. This deployment would allow projects on Shimmer to pull real-time price data onto the EVM, which is very crucial for derivatives platforms and lending protocols.

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In another major development, Web3 gaming experience IOTAHeroes is launching the Treasures of Shimmer Battle test on the newly launched ShimmerEVM network. The two-week-long campaign shall start on May 3 and will allow users to month their own hero characters. This gives participants an opportunity to partake in a prize pool of 1,300,000 SMR tokens.

Additionally, upon completing tasks on IOTAHeroes, users will be rewarded with a limited-edition item upon the games launch. IOTAHeroes is also a member of the Touchpoint Open Builders Program, providing the IOTA community with an opportunity to enjoy a casual RPG and participate in Play2Earn activities.

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IOTA's Shimmer EVM Breaks Records: 1 Million Transactions and ... - Crypto News Flash

Decentralised exchanges (DEX) are blockchain technologies that allow two or more participants to conduct peer-to-peer transactions. Due to the decentralisation of asset exchange protocol, there has been a rise in the no of decntralised exchanges. They are decentralised because the functionality of smart contracts eliminates the need for central authorities.

Take a look at the top decentralised Exchanges in the world:

This decentralised exchange was launched in 2018 and ever since then, it has been a flexible protocol that has attracted a lot of DEX users. It is a place for traders, liquidity providers, and developers to earn, build and swap tokens.

A recently approved token approval mechanism known as Permit2 makes the Uniswap protocol even more desirable. The Permit2 integrates ERC20 and NFT into a single router. Uniswap uses the TWAP price to avoid smart contract mismatch with DeFi protocols which can lead to oracle problems.

With centralised exchanges losing confidence in the ecosystem, the need for decentralised exchange has increased rapidly. DyDx is a layer-2 protocol and a non-custodial decentralised cryptocurrency exchange with up to 20X leverage 0 trading fees on its trading platform. Protocol safety and Governance are two important things for DyDx.

The dYdX exchange is developed on a layer-2 solution that allows for quicker transaction speeds, lower gas costs, lower trading fees, and lower minimum trade volumes (to avoid whale-transaction detection on the protocol).

Integral size is a custom-built DEX that aggregates huge trade orders on-chain and offers professional traders zero price effect as well as a 30-minute TWAP swap time for digital assets.Twap trading is one of the integral size DEX. Integral size guarantees 100 percent delivery with no impact on large trading volumes while on other DEXs trading large volume is quite risky.

The MEV protection included in the price contract with Integral SIZE is to reduce the influence of arbitrageurs and price front-running. This is critical for modest and real orders.

Curve Finance is a liquidity-matching decentralised exchange that uses automated market makers to trade stablecoins. Automated market-making has a lot of advantages like improving price delivery efficiency and reducing slippage for traded pairings. These pools are smart contracts and the smart contracts validate stablecoin switching, which is the exchange of two or more tokens in the basket.

The Curve Finance exchange supports major stablecoins such as DAI, USDC, FRAX, USDT, and TUSD. Swaps between wrapped tokens like wBTC, wETH, and wrapped staked Ether,stETH, are also possible.

According to Coingecko, Pancake Swao is the highest traded volume decentralised exchange and it is built on the BNB smart chain. Users can use Pancake Swap to access a blockchain protocol with much lower transaction costs than protocols based on the Ethereum and Bitcoin blockchains.

Pancake Swap users can earn the native token CAKE by trading and exchanging on the network or even giving tokens in the Liquidity Pool.

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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Top Decentralised Exchanges around the World - The Coin Republic

PRESS RELEASE

Published May 1, 2023

When Ethereum was first introduced in 2015, it quickly gained popularity in the cryptocurrency world due to its smart contract capabilities and decentralized platform. Today, Bitgert, a relatively new cryptocurrency, is starting to gain momentum and is being compared to Ethereum in its early days. In this article, we will explore the similarities between Bitgert and Ethereum in 2015 and their investment potential.

One of the most significant similarities between Bitgert and Ethereum is their focus on smart contracts. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Bitgert, like Ethereum, has a decentralized platform that allows for the creation of smart contracts. This feature is particularly valuable in the digital age, where trust between parties can be an issue. By eliminating intermediaries, smart contracts can save time and money.

Another similarity between Bitgert and Ethereum is their potential for innovation. Both cryptocurrencies have an open-source platform that allows developers to create new applications and tools. Ethereum has already seen significant innovation, with the creation of decentralized applications (dApps), such as CryptoKitties, which allows users to buy, sell, and breed digital cats. Bitgerts open-source platform also allows for innovation, and we could see new applications and tools created in the future.

Regarding the investment potential of Bitgert, it is essential to note that it is still a relatively new cryptocurrency. As such, it has not yet reached the level of adoption that Ethereum has achieved. However, Bitgerts focus on smart contracts and decentralized platforms could make it an attractive investment opportunity in the future, especially if it gains more traction in the cryptocurrency market.

It is also worth noting that Bitgert has seen a surge in its value in recent months. While it is still far from Ethereums market capitalization, it is worth monitoring its growth in the coming months. Investors who got in on Ethereum in its early days have seen significant returns, and the same could be true for Bitgert.

In conclusion, while Bitgert is still in its early days and has not yet reached the level of adoption that Ethereum has achieved, it has many similarities that make it an attractive investment opportunity. Both cryptocurrencies focus on smart contracts and decentralized platforms, and both have open-source platforms that allow for innovation. As with any investment, there are risks involved, but for investors who are willing

to take a chance, Bitgert could be the Ethereum of 2015.

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Bitgert: The Ethereum of 2015? Exploring the Similarities and ... - Digital Journal

Pepe Coin (PEPE) is soaring and has become one of the most popular meme coins behind Dogecoin and Shiba Inu.

However, this wouldnt have been the case if the Pepe Coin smart contract deployer had not chosen to do what was good for the project and, by extension, the community. The team renounced the deployer contract, sending it to a null address.

Doing this meant no one could tamper with the smart contract and effect changes that could destroy the meme coins credibility.

According to curious onlinesleuths, the deployer of Pepe Coin smart contracts had god-like powers before changes were made.

For example, the team could limit the number of token transactions, modify the maximum token trading amount, the maximum position a trader can initiate, or even suspend trading of a given address. Moreover, the smart contract included a black listing function. Subsequently, this effectively empowered the team to bar certain addresses from holding and trading the token.

With this, observers noted that Pepe Coin, though popular, wasnt decentralized as many thought and project owners could, at any time, rug pull investors.

A rug pull is a common scam in decentralized finance (DeFi) where a team builds a project, in this case, Pepe Coin, convinces users to supply liquidity and buy the token. Afterward, the team leaves the project and sells their portion forcing prices lower and leaving investors holding mud.

The possibility of the team pulling out a rug pull was plugged when the deploying smart contract was sentto a null address on April 14.

Pepe Coin is a meme coin that has no utility. Instead, the team behind the project aimed to ride on Pepe the Frog, created in 2005 by Matt Furie.The meme coin project has no connection to Furie.

Pepe Coin was launched in mid-March and with little fanfare. There was no presale, and the total supply was 420.69 trillion.Days after launching, Pepe Coin exploded to be one of the most popular meme coins.

The token has surged to command a market cap of over $105 million. It has a slot in the top 300 projects by market capitalization, according to the coin tracker,CoinGecko.

At the same time, 93.1% of all PEPE in circulation weresent to a liquidity pool in Uniswap, and liquidity provider (LP) tokens were burnt. The remainder is reserved for centralized exchange listing and other initiatives.

Uniswap is one of the worlds largest decentralized exchanges facilitating the trading of tokens like PEPE, including non-fungible tokens (NFTs) on Ethereum and layer-2 protocols like Arbitrum.

Feature Image From Canva, Chart From TradingView

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Pepe Coins Mega Rise Pinned To This Smart Contract Fix - NewsBTC

SINGAPORE, April 29, 2023 /PRNewswire/ --On April 28th, Triathon announced the launch of its new smart contract security testing product, DeepFuzz, which can detect technical issues in smart contracts from multiple dimensions, helping blockchain developers discover vulnerabilities in advance and fix it in the first instance. The launch of DeepFuzz not only enhances its own ecosystem, but also fills the technology gap in the Web3 industry in terms of specialized and intelligent testing and auditing of smart contracts, adding significant strength to Web3 security.

According to NoneAge Technology's statistics, there were 306 security incidents occurred worldwide in 2022, resulting in cumulative losses of $10.1 billion. Compared to 2021, there were 64 new Web3 security incidents with an increase of 26%. Among them, 136 security incidents happened in the six major tracks of the industry, including blockchain platforms, cross-chain bridges, wallets, exchanges, NFT, and DeFi, causing losses exceeding $4.021 billion. With the entry of many industry giants into the metaverse and NFT space, the scale of on-chain assets will continue to grow, and the number of Web3 security breaches may continue to soar.

When the current security problems in the Web3 industry come to reality, static scanning cannot detect security issues that may arise during program execution. Triathon's DeepFuzz will simulate various situations and inputs to discover vulnerabilities and errors in the applications and programmes, thereby enhancing the security and reliability of Web3 smart contracts. At the same time, it can also test the performance and scalability of the smart contracts to ensure that it can handle large amounts of data and transactions. Leveraging DeepFuzz's capability, the security issues will be detected from multiple dimensions, thus it helps to protect Web3 security and promote the healthy development of the Web3 industry.

As a community built by public chains, applications (testnets), and participants, Triathon verifies through different testing tasks from six aspects, including security, scalability, degree of decentralization, storage efficiency, processing power, and adaptability. It adopts a way to include the global community to participate in testing and auditing, and verifying according to the community's interests and actual needs. The inclusion enables community users to participate in Web3 project testing and auditing, and work together to improve security awareness, solve security problems, and take security precautions.

Compared to other testing products such as Manticore, Fuzzit, MythX, and Echidna, which require high technical thresholds that ordinary users cannot participate in, DeepFuzz not only has the same level of testing results and dimensions but also greatly reduces the technical threshold of the testing environment. Users can start DeepFuzz testing without programming skills, simply by connecting their wallet and entering the contract address. DeepFuzz truly makes security testing as easy and convenient as playing a game.

In terms of product experience, Triathon DeepFuzz will continuously update the testing log during the testing process, showing the possible vulnerabilities and reasonable security recommendations so that users can better track and analyze test results, improving the overall efficiency of security testing and repairing. In addition, Triathon DeepFuzz will not collect or share user information, so users do not need to worry about data security and privacy. It also supports users to upload encrypted binary files to ensure the absolute security of smart contract information.

After security testing, users can export Triathon DeepFuzz's comprehensive and systematic testing results and reports. Users can address security issues according to the test results one by one. In terms of testing costs, the cost of Triathon DeepFuzz are lower than other commercial test products in the market, making specialized smart contract security testing more affordable.

The release of DeepFuzz indicates that Triathon will continue to improve its core competitiveness in security detection and testing, strengthen the construction of security detection ecology, and commit to building a professional, intelligent, standardized and transparent Web3 security audit system. In the future, Triathon will continue to optimize the DeepFuzz system, deepen the security detection field, and work together with blockchain project teams and community users to build a better Web3 world.

AboutTriathon

Website: https://www.triathon.space/Twitter: https://twitter.com/TriathonLabTelegram: https://t.me/TriathonLab

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Triathon Releases Security Testing Product DeepFuzz to Escort ... - PR Newswire