Decentralized exchanges, also referred to as DEXs, are peer-to-peer marketplaces that allow crypto traders to transact with each other without boundaries. Like almost every idea behind the Blockchain, DEXs are decentralized and foster financial transactions that aren’t conducted by banks, intermediaries, or any third-party affiliation. One of the basic differences between Central Exchanges and DEXs is that, while central exchanges allow users to exchange between cryptocurrencies and fiat money, DEXs only allow trade between two cryptocurrency tokens.

Another important difference to note between these two important Blockchain service providers is that, while CEXs transactions records are stored in their internal database, DEXs transaction records are visible and recorded on the Blockchain. Examples of DEXs include Swapzone, PancakeSwap, dYdX, and Raydium, and the Ethereum Blockchain hosts a majority of them. Like central exchanges, the growth of DEXs has been astronomical in the last year, as the Defi tools have continued to prove their importance to the growing Cryptocurrency space.

Without further ado, let's ump int the top 5 DEX that work specifically on the Polygon Network!

Anyswap launched back in July 2020. It is a DEX that allows users to swap tokens from various platforms across different mainnets. It is one of those few DeFi projects that facilitates cross-tokens swap and trade. Many big names already implemented Anyswao in their internal protocols such as XRP, Litecoin, Tether.

The code of the platform is fully open-source, which makes it a truly decentralized platform. The Fusion Network powers Anyswap, and helps in private key sharding to guarantee the safety of the crypto assets on the platform. ANY is the native token of the platform. It is a governance token, which allows holders to determine which tokens to be listed on the Anyswap DEX.

Firebird Finance is a 3-in-1 Defi platform currently thriving on Polygon and offering immense bespoke services to many users. It is a yield aggregator, a vault, and also poses as an exchange. The DeFi platform not only guarantees rewards for its users but also optimizes their experience. Its swap page with yield farming features also ensures that traders and yield farmers earn rewards. The native token of the platform is HOPE, and its holder also receives a reward for staking it. Firebird Finance is also popular for incorporating technology into its protocol, a unique feature of the AMM. At the time of writing, the TVL as multi-chain volume in the DEX is $6.3 Billion.

Polycat is basically a yield farming project, where users can earn more cryptos by simply lending their cryptos. The project is currently known for its easy-to-use platform for token swapping and yield farming protocol. It is a top contender for Dapps using the Polygon network, with a total value locked of USD 12.6 Million to-date.

SushiSwap - a declared fork of Uniswap provides decentralized exchange AMM functionality. It utilizes orderbook-less swaps between different assets, using liquidity pools and having no direct sellers. The users earn liquidity fees by providing assets to pools. It has an automatic price determination mechanism through smart contracts. This eliminates custody/insolvency risk, and is now available on Polygon MATIC, to take advantage of low fees and fast processing.

Uniswap is a decentralized cryptocurrency exchange. Moreover, UNI is the native cryptocurrency of the Uniswap exchange. Decentralized crypto exchange gives users the ability to make trades and transactions without any third-party intermediaries regulating them. 

Decentralized exchanges have the advantage of being entirely transparent and peer-to-peer. This means that the Uniswap exchange is completely collectively managed and community-run. 

Moreover, like other decentralized exchanges, Uniswap is anonymous. You don’t have to provide the site with any kind of personal data to be able to trade. All you have to do is connect your crypto wallet and you’re ready to go. 

Polygon (formerly Matic) is a Layer 2 solution powering Ethereum scaling and infrastructure development. The great thing about Polygon is that it's already used by many projects like Sushiswap, Aavegotchi, Chain Games, Quickswap etc.

It offers scalable and instantaneous transactions. Each Polygon sidechain can theoretically achieve 2^16 transactions per block. The protocol has achieved up to 7,000 TPS on a single sidechain on an internal testnet.

This is significantly higher than the 14 transactions per second Ethereum mainnet itself can achieve. Polygon's token MATIC token is now listed on Coinbase. Therefore, it's the first entry in our top 5 Ethereum layer 2 projects list.

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This Layer 2 scaling solution for the Ethereum network features a payment/transfer facility and decentralized exchange (DEX). LRC is the native token. The team has developed zkRollups, which is used to power the Loopring exchange.

Using the Loopring Pay facility, users can send and receive Ethereum (ETH) or Ethereum based assets, instantly and for free. The zkRollup scales Ethereum 1000x over its nominal capacity by transferring most processing on another chain.

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OMG Network is a Plasma-based Layer 2 scaling solution, which scales the Ethereum blockchain to thousands of TPS. It reduces the fees by an estimated 1/3rd, compared to before, all while maintaining Ethereum’s security.

OMG Network does so by transferring the processing of the transaction outside the Ethereum mainnet, using it only for the final settlement. Further, it batches the transactions, making the process more efficient and less resource-intensive.

The native token is OMG. This scaling solution is fast, trustless, oriented for borderless financial services, instantly settled, low fees, and enterprise-grade.

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SKALE network is an open-source security and execution Ethereum Layer 2 scaling solution, which relies on elastic side chains to divert processing off the mainnet.

It consists of high-performance side chains executing sub-second block times, running up to 2,000 TPS per chain. Skale can support full-state smart contracts, decentralized storage, execute Rollups, and machine learning in EVM.

They offer speed/functionality without compromising security or decentralization. It can support thousand of thousands of independent blockchains of all subtypes.

It has full compatibility with Solidity and thus the Ethereum ecosystem. It is a collusion-resistant leaderless network with mathematically provable secure ABBA-based consensus.

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The ZKSwap is a Layer 2 scaling solution, specifically an automated market maker (AMM) type decentralized exchange (DEX) powered by zkRollup technology. Developed by L2Lab, it has already launched on Ethereum mainnet.

It transfers all tokens to Layer 2 and guarantees consistency by continuously generating zero-knowledge proofs. It allows exchanges to execute swaps with zero gas fees and unlimited scalability.

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It's a hugely lucrative market. Considering that the Ethereum block space is the most expensive and the scaling demand is at all-time high. It means that L2 projects are going to have a field day ahead with the increasing integrations and maturity of infrastructure around them.

The Layer 2 scaling solutions are decentralized protocols that increase the processing capacity of a blockchain (hence scaling) and as a result, relieve congestion on the network.

They work by delegating the network processing “off-chain” to their own chain, processing it there, before settling the final balances on the base layer mainnet.

With that said, the DeFi ecosystem is ripe for innovating how stable coins can work and power the ecosystem. To dodge strict SEC measures and evoke true decentralization, algorithmic stable coins end up as an amenable choice and Terra Foundation has been working towards achieving that goal through its protocol. 

Terra is a truly decentralized financial blockchain with the vision to build a simple and powerful payment network. Founded by Terraform Labs in 2018, Terra aims to revolutionize the financial space by usurping the traditional financial system through the use of algorithmic stable coins. Algorithmic stable coins are much safer, inflation resilient and they can help those holding the tokens to earn higher interests when compared to the traditional banking system. 

? Buy Terra Here ?

At the heart of the Terra protocol lies the vision to make the financial system transparent, trustless, and profitable. But they can only happen when a customer's purchasing power doesn’t diminish with time. To ensure that, the Luna Token works at two fronts: (i) Optimizing Purchasing Potential & (ii) Enabling Payment Simplicity 

When you speak of optimizing the purchasing power, it would be hard to make that happen when stable coins are pegged to USD or to other fiat currencies. The reason being such fiat currencies lose value over time. So the best way is to collateralize such stable coins through a protocol. Terra introduces a circular dual token system built on top of arbitrage opportunities. The Terra ecosystem uses Seigniorage for that purpose. 

To understand seigniorage, you can take this example. Suppose the cost of issuing an asset of $1 is $0.5, the difference of $.95  is the profit. The Terra ecosystem transfers profit to the seigniorage pool which stabilizes the token prices and funds the Terra ecosystem’s development by hedging the same against a basket of other currencies and assets along with the profits. 

Instead of using a basket of other assets to drive price stability, the Terra ecosystem tweaks the demand and supply to establish stability. The rise in Luna prices mints more tokens, likewise, a fall in Luna price locks more tokens to the vault. IMF SDR standards define price stabilization.

Payment systems could evolve on top of just being a gateway of the transaction between counterparties. To simplify that, the Terra Foundation has envisaged an automated behind the scene swapping mechanism. Using this system, not only payment will get simpler but even unused cash kept in the wallet can earn interest and help users earn money by simply storing the same in their wallet. 

Investors’ interest rise due to such use-cases. So let’s see whether we could see moonshots for Terra in the coming days.

Recently, a lot of activities from Delta Neutral Traders have stimulated the break out to $93 from $70. For example, these Delta Traders perform multiple hedging. Such a technique makes them immune to Delta exposure and allows them to enjoy upside, no matter what the market sentiments are.  The recent price hikes are more likely due to such investors buying the spot LUNA and locking them in Astroport Lockdrop. 

Once they are doing this, it is followed by opening a perpetual futures contract and Delta trading protects them from Delta stock volatility. In this way, such practices have led to a breakout. However, at the macro level, such price rises cannot be altogether invalidated. For the record; 

It might be intriguing to know that Terra ecosystem is the 2nd largest blockchain powering up the DeFi market. Algorithmic stablecoins are the Magnus Opum of Terra Luna. UST has gained unprecedented popularity in 2021 and the same sentiments would be carried forward in 2022. Its other protocols like the Mirror, Anchor, and Pylon are on fire. It is most likely that UST might dominate the stable coin market and most of the protocols would be eager to open up UST/Native token pairs to accommodate safe cash-in and cash out. 

 Market momentum has been something that has caused a lot of speculation for Luna in 2022. In 2021, Luna gave a 12,000% return and most of the investors see a mirror image of Ethereum in Luna. Having said that, all those who missed the boat to glory in Ethereum’s case would most likely catch up with Terra Luna. At the same time, one cannot rule out the next big halvening event due for 2024. If the much-anticipated breakout happens and BTC gets close to the $200,000 mark, we could most likely see Luna hovering around the $500 to $600 mark. 

The following solid exchanges offer buying and selling LUNA token on their platforms:

• Binance 
• Bitfinex
• KuCoin 
• Gate.io
• Kraken 

Polkadot is one of the most promising blockchain networks in the crypto market. But the cryptocurrency is one of the Layer 1 solutions that has not yet been able to establish itself at the top. In this article, we'll discuss why Polkadot isn't at the top yet and give 3 Polkadot cons.

Polkadot is a next-generation blockchain that solves the problem of interoperability. The basic concept of Polkadot is to bring one standalone blockchain for all. Thus allowing sectors like healthcare and pharma to use blockchain tech. Polkadot also assembles special features of different blockchains in one place. Hence, helping the blockchain technology to overcome limitations like scalability and throughput.

One of the biggest issues Polkadot wanted to address with its blockchain is interoperability. Through its numerous sidechains, the parachains, several blockchain networks should be connected with each other. Probably the most important connection is the one to the largest network on the market, Ethereum.

However, unlike networks like Fantom, Binance Smart Chain, Avalanche, and Harmony, Polkadot has not released a dedicated bridge to Ethereum in 2021. Therefore, the network received less attention from users looking to invest in DeFi and NFTs. The bridge to Ethereum should be a big topic for Polkadot going forward.

In contrast to other blockchain solutions, Polkadot started its mainnet launch activities relatively late. This was because the parachain auctions didn't start until November 11, 2021. That's when Moonbeam, an Ethereum-compatible smart contract parachain, secured its first slot.

Now is an ideal time to get in cheap. Buy the DOT token and other cryptocurrencies on the crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

We therefore only saw the first strong price increase of the DOT token in November. In the weeks that followed, the market repeatedly crashed, which also made it difficult for the price of the Polkadot DOT token.

The DOT token is used in the Polkadot network to support operations, security, and governance functions. On competing networks, the native tokens are more likely to be used to perform token transfers or swaps. They can be staked with high annual returns.

Many of these functions are not available with the DOT token. The average user is far less interested in governance than in things like gaming, NFTs and DeFi. This is another reason why Polkadot and the DOT token were not as convincing as other Layer 1 solutions in 2021. 

You can purchase the DOT token on the crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex  .

We are certain that you heard about the SOS airdrop by now. It's a token to OpenSea users, which aims to bring together and bootstrap the NFT community by allowing wallets to claim tokens proportional to their activity on the largest NFT marketplace. Besides airdropping tokens to OS users, it has also reserved parts of the total supply for staking/LP incentives and for the OpenDAO, tasked with supporting NFT art and the artists, compensating victims, and providing developer grants. It's a wide-scale experiment in NFT community coordination and looks like it just might succeed. So, how can you claim it?

You can begin by visiting the official website here and connecting the wallet.

Once the wallet has been connected, the interface will display the SOS airdrop balance and the calculation, based on the amount spent, the number of transactions on OpenSea, and the multiplier used to assess the final balance. After reviewing, click Claim Airdrop and approve the transaction in the wallet.

Contract: 0x3b484b82567a09e2588a13d54d032153f0c0aee0

Circulating Supply: 39.89 trillion (39,895,439,517,782)

Maximum Supply: 100 trillion (100,000,000,000,000)

CoinGecko: https://www.coingecko.com/en/coins/opendao

Twitter: https://twitter.com/The_OpenDAO

Official Discord: https://discord.com/invite/zzzKhejARz

Within hours of its launch, the OpenDAO SOS token was listed on major exchanges such as KuCoin, FTX, Huobi Global, OKEx, Gate.io, etc, apart from the decentralized staples such as SushiSwap and Uniswap. This indicates the exchanges sensing community interest and realizing what OpenDAO would eventually become. The initial working of the DAO has revolved around the same structure formation, moving funds to a multi-sig wallet, trying to launch the initial staking program, and looking for partnerships with other community-based NFT projects, looking to tap into the huge OpenDAO user base. Would we see an OpenSea competitor sooner than later? Only time will tell.

CME has announced the launch of the Ethereum Futures micro variant in a significant development for the second largest crypto-asset by market capitalization on Dec 06. It's denominated at 1/10 of 1 ETH and will allow users to speculate with precision. This is especially useful because it offers an inclusive product for market participants of all sizes and different risk appetites. The micro product by CME for Ethereum Futures is financially settled, meaning that the final settlement will be made in cash or any other financial instrument, instead of delivering the actual underlying product ETH.

Ethereum Futures micro product was announced on Nov 02, subject to regulatory approval. It appears that CME was able to pass the regulatory hurdles, paving the way for other futures products also, in the process. CME listed the following benefits for launching a micro variant of Ethereum Futures:

1. Traders would be able to attain precision in their strategies
2. Ability to scale up and down incrementally, rather than having to bid 1 ETH as a while
3. Efficient trading and savings on potential margin offsets
4. Institional demand for Ethereum will rise further
5. Increasing accessbility to the world's second largest cryptoasset by market capitalization
6. Access to market wide liquidity and transparency on the financial product

CME pitched the Ethereum Futures micro variant earlier in the following words “The ETH notional value has increased from $1.7K on the date that it launched to nearly $3.6K on October 11, 2021. The amount of capital needed to access the futures market has significantly increased. To make our market more accessible to risk managers and other traders, CME Group will launch the Micro Ether futures contract, which is 1/500 the size of the Ether futures contract (i.e. 1/10 of one ether versus fifty ether for Ether futures (ETH)“

The crypto market managed to retrace slightly after the huge crash that occurred yesterday. All cryptocurrencies with no exception lost more than 10% in the past 2 days. Today, on the other hand, all tokens seem to have retraced a bit higher. The crypto market as a whole gained around 6.63%, softening the impact of the crash. Surprisingly, Terra Luna crypto boomed by more than 30% in the past 24 hours, making it take a spot in the top 10 list of the biggest tokens by market capitalization. In this article, we'll cover some technical analysis and look into LUNA prices.

Terra is a blockchain protocol that used stablecoins to enable price stability in global payment networks. In fact, they claim to combine price stability and fiat currencies by enabling Bitcoin (BTC), thus offering cheap settlements. Volatility was a highly discussed topic in the cryptocurrency realm. It is one of the main reasons that made investors fear owning cryptos. Terra seeks to change that, by using fiat-pegged stablecoins. They would keep a “one stablecoin to one fiat” peg through a proprietary algorithm that automatically adjusts stablecoin supply based on its demand. This is feasible thanks to their token LUNA, which provides liquidity, price stability, and is easily swappable to other stablecoin at profitable exchange rates.

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The Terra project recently updated its infrastructure and pushed updates to its protocol. The updates tackled how users reported their taxes in compliance with international standards. This would definitely add another layer of comfort to users and investors. Many analysts are optimistic about Terra, being able to provide price stability and a strong contender in cross-border payments in a highly volatile crypto environment.

On the other hand, Terra is facing some debacles with the SEC similar to Ripple. The SEC claims that Terra is selling unregistered securities, whereas Terra claims that this is not the case and cryptos can't be considered as such.

In the past 24 hours, LUNA prices soared by more than 30%. This price jump broke the upper parallel uptrend channel and recorded a new all-time high price of USD 85. On the other hand, we can definitely expect an adjustment in the short term, specifically back to the USD 60 area.

In figure 1, we can clearly see how prices became overbought, and potential profit-taking might occur anytime soon. It is advisable to wait for a better entry and Buy LUNA at lower prices. Professional traders time their entries and wait patiently without following any hype. When it is too late to buy in, we shouldn't even consider buying.

In the past 24 hours, most cryptocurrencies saw an adjustment upwards following the heavy crash. LUNA was the top performer with a 30% price jump. GALA and LPT came in after with highs of 28% and 23% respectively.

1- Bitcoin (BTC) : + 3.36 %

2- Ether (ETH) : + 6.10 %

3- Binance Coin (BNB): + 6.63 %

4- Tether (USDT) : 0 %

5- Solana (SOL) : + 1.94 % 

6- Cardano (ADA) : + 0.95 %

7- USD Coin (USDC) : + 0 %

8- Ripple (XRP) : + 8.82 %

9- TERRA (LUNA): + 30.6 %

10- Polkadot (DOT) : + 0.81 %

Stay Strong, Stay Updated
Rudy Fares

The cryptocurrency market entered recently a consolidation mode. After Bitcoin prices reached an all-time high price of around USD 68,000, its prices retraced back to a previous consolidation delimited between 50K and 60K. On the other hand, we witness occasional good news regarding certain altcoins, bringing their prices higher. In this article, we look at Polygon Matic Price, which recently shot around 8% while other cryptos retrace.

Polygon is a project that aims to bring Ethereum’s blockchain to the masses. In order to do so, it provides an easy “plug-and-play” solution to crypto projects. This not only increases the demand for Ethereum but also for the entire crypto industry. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, stand-alone chains, or any other kind of infrastructure required by the developer.

Polygon effectively transforms Ethereum into a full-fledged multi-chain system. That’s why it was given the attribute of the “Internet of Blockchains”. This multi-chain system is related to other projects such as Polkadot, Cosmos, and Avalanche with the advantages of Ethereum’s security, smooth ecosystem, and openness.

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While Bitcoin and most altcoins retrace, Polygon MATIC's price shot 8%. This comes after MATIC was recently listed on 21Shares as a crypto exchange-traded product or ETP. Layer 2 solutions are garnering huge attention lately, and Polygon is one of the leading projects in this realm. Investors are seeing many other projects launching on the Polygon infrastructure, which is faster and less expensive than other blockchains like Ethereum.

Following this listing news, MATIC prices soared by 17%. Prices increased from USD 1.79 all the way towards the psychological price of USD 2.1. Prices did retrace due to profit-taking towards the current price of USD 1.95 and are still up by around 8%.

Zooming out and looking at the macro price-action of MATIC, we can clearly see in figure 2 how MATIC prices breached the upper triangle formation. This technical formation was key to estimating a future increase in prices. Technical traders often wait for such price-action to open trades.

On the other hand, if the crypto market continues to retrace lower, MATIC should turn back lower, especially looking at how technical traders reached their targets and are ready to close their positions.

Stay Ahead, Stay Updated
Rudy Fares

Bancor pioneered the order book-less automated market maker (AMM) concept back in 2017 and has since launched a second iteration of the decentralized exchange (DEX) platform in July 2020 featuring Chainlink oracles integration, single asset liquidity, reduced slippage, impermanent loss (IL) protection, support for lending pools, etc. Now, Bancor v3 will be revealed on Nov 30 at the Dcentralcon conference in Miami, FL and it will be launching soon by early 2022 with even more powerful features, in three distinct phases of Dawn, Sunrise, and Daylight.

Bancor v3 will focus on profit maximization, fees minimization, dual-sided rewards, automated yield generation, and protection against impermanent loss. The new iteration of the platform aims to abstract the complexity, so even average users can participate in DeFi and become profitable liquidity providers, even without much technical knowledge and former experience.

It's been planned to be introduced by next year first quarter. Bancor v3 will attempt to optimize for low gas consumption resulting in cheaper transactions, finally launch on multiple chains (likely Ethereum L2s), easy migration from earlier versions of the Bancor protocols, ability to use liquidity pool (LP) for other purposes (especially additional yield generation), sourcing impermanent loss (IL) protection from third parties, a new user interface and integration with Chainlink Keepers to automate "housekeeping" tasks efficiently.

Bancor v3 will introduce the "Omnipool concept", which will allow for bypassing BNT related transfers, as seen in earlier versions resulting in additional cost. This will allow Bancor to be competitive against other AMM protocols and save users fees incurred on transactions, increasing capital efficiency. The platform will also offer impermanent protection from the time of liquidity deposit, unlike 100 days staking requirement in earlier iterations.

There are no deposit limits also on Bancor v3 anymore, which means that any user can deposit as much as they want at any time, without waiting for spaces to open up like earlier Bancor v2.1 pools. This will result in liquidity growth in the protocol at an accelerated unbound rate. The team calls it the "infinity pool" concept and this superfluid / easy moving liquidity would be able to be simultaneously used for marketing making and fee earning strategies.

Since it's unnecessary to have to manually restake your fees+rewards again, Bancor v3 will introduce an auto compounding feature, which will allow the smart contract to automate this task for the users, if they elect to go for it. This will allow deep automation to come into play, saving users gas and time.

Bancor v3 will also enable the native DAO to choose the liquidity direction, allowing it to invest in the protocol-owned BNT tokens to generate fees for the protocol. The DAO would also be able to monitor and redirect BNT liquidity to more optimized and better-performing pools, thereby allowing the protocol to grow further and serve its users better.

adidas has joined the Metaverse on Ethereum after virtual real estate platform The Sandbox invited the world's leading sportswear manufacturer on Nov 22. So now, one of the world's most important companies has a Metaverse HQ, yes adoption finally is coming. But that's not all. adidas has also announced a partnership with the premier FIAT-to-crypto on/off ramp Coinbase on Nov 24, probably for the upcoming Coinbase NFT marketplace, though more details haven't been revealed.

In the Sandbox virtual estate, adidas occupies the -84, 96 positions and has 12x12 size (144 parcels of land). adidas might be planning to verify authenticity and ownership of their sportswear via NFTs, maybe selling limited-edition sportswear through the Metaverse, or just establishing a presence in the space to be explored and expanded further.

Bored Ape Yacht Club (BAYC) is also teasing an adidas donning ape, so it's likely that they have acquired one. There are also talks of adidas planning to acquire the Ethereum Name Service (ENS) domain adidas.eth. It has been a great year for NFTs anyways and it just keeps getting better and better. The Metaverse concept is just getting started and we are amazed to see mainstream companies take notice and try to establish an HQ here in the digital world!

adidas has finally crossed the chasm and the Overton window, there's little doubt that others won't follow suit. We are finally seeing an upsurge in Metaverse projects, the next trend would be an internet of alternate realities. There are a plethora of projects that are upcoming and a new culture is emerging.

While the debate rages on around increasing block sizes and reducing block times to provide a band-aid level urgent fix for L1 scaling, Ethereum developers are considering more medium to long-term solutions. Ethereum rollups are the standard when it comes to L2 scaling solutions. Now it appears that they are about to 5 times cheaper, thanks to a new Ethereum Improvement Proposal EIP-4488 penned by the cofounder Vitalik Buterin himself along with Ansgar Dietrichs - research and development engineer at ConsenSys on Nov 23.

Ethereum rollups enhancing EIP-4488 title is "Transaction calldata gas cost reduction with total calldata limit" and it's described in the official proposal as "Greatly decreases the gas cost of transaction calldata and simultaneously caps total transaction calldata in a block". It's still a draft under consideration and the final EIP might look a little different, once it's thoroughly discussed and reviewed by Ethereum core devs and the community.

EIP-4488 notes that even though Ethereum rollups would eventually benefit from the sharding technology which will add ~1-2 MB dedicated for rollups to the blockchain, however, that is still years away. In the meanwhile, considering the high fees of the Ethereum base layer, EIP-4488 can be employed for immediate relief by reducing calldata gas cost and limiting total calldata in a block, thereby resulting in cheaper transactions on the Ethereum rollups L2s.

The Ethereum rollups enhancing EIP-4488 might be implemented in Q1 2022 before the Merge and will be a hard fork, meaning that it's backward incompatible. It's understood that EIP4488 will increase chain bloat, raising the storage requirements of chain history. However, EIP-4444 is being discussed to restrict the availability of historical data beyond one year as it doesn't have much use on the peer-to-peer layer, though some sources will still store this data for record-keeping purposes.

Users get exposed to data abuse while using a centralized network. As a result, blockchain emerged as a global panacea. Despite its ground-breaking innovation, the technology has its own limits. Most blockchains fail to interoperate with other blockchains at the protocol level. Though layer 2 solutions make this possible, their consensus mechanism is debatable. That's where the Polkadot Network is making a difference. 

Polkadot is a next-generation blockchain that solves the problem of interoperability. The basic concept of Polkadot is to bring one standalone blockchain for all. Thus allowing sectors like healthcare and pharma to use blockchain tech. Polkadot also assembles special features of different blockchains in one place. Hence, helping the blockchain technology to overcome limitations like scalability and throughput.

The Polkadot Network is aiming to solve the problem of interoperability, scalability, speed, security, privacy, development, and governance. These problems have long plagued the blockchain ecosystem. Polkadot uses sharding at the protocol level to revolutionize the blockchain industry. Thus, it is making deployment, governance, and scalability simpler. The Web Assembly language aids development from any point, saving a lot of time that can get devoted to other innovative purposes. 

You can trade Dot on Binance. On Binance, traders get the advantage of lower exchange fees and very high liquidity.

Kraken is the place to enter into futures and margin trading. You can trade in Dot on this exchange. 

Gate.io provides unique technical radars to trade in crypto. Traders can buy Dot on Gate.io. There are other Altcoins available as well that you can trade on Gate.io.

On Kucoin, you can trade in Dots. The exchange allows buying through credit/debit cards and P2P. There are over 300 other tokens available on KuCoin which you can trade.

A long time in the making, but finally coming to fruition - Polkadot auction the first has concluded on Nov 18 and the Acala Network was the first winner, securing its para chain slot and ensuring a direct connection to the coveted "internet of blockchains" hub. The Acala Network - famously marketing itself as the DeFi Hub of Polkadot provided a bond of 32 million DOT tokens, collectively worth $1.33 billion. According to the official website, the auction started on Nov 11 and bidding lasted until Nov 18.

Acala Network has won the Polkadot auction and will be onboarded by December 17th, 2021 for a period lasting two years (17 Dec 2021 to 20 Oct 2023). The second Polkadot auction will commence on Dec 23, 2021. The projects allow the decentralized applications to scale via Polkadot while maintaining Ethereum smart contracts compatibility. Furthermore, it's designed specifically for decentralized finance (DeFi) purposes. The native token ACA will be minted, once the platform goes live.

Polkadot is a bridge to connect different blockchains. The project was launched in 2016. The Web3 foundation runs the project, and its founders are Gavin Wood, Rober Habermeier, and Peter Czaban. It’s a sharded protocol facilitating communication between different blockchains, allowing them to transfer value across and to combine their security together. Polkadot makes blockchains operate as if they are one network and hive-minded.

The different blockchains or Parachains need to lease a slot on the connector or Relay Chain for up to 2 years, though projects can choose their lease duration. It can be renewed. These para chain assignments are subject to an on-chain open bidding auction process lasting a week, which relies on winning blockchain providing a guarantee or bonding DOT tokens for the entire lease duration. The bonded DOT tokens can't be used for any other purpose and can be gathered via crowdfunding.

In another instance of Ethereum rising, Galaxy Digital and TIME have confirmed a "metaverse partnership" on Nov 18, paid out in Ether and one which we will see the native token of the world's largest smart contracts blockchain platform become a treasury asset for the worldwide and industry-leading media group. This partnership will also result in the launch of the TIME100 Companies Metaverse category, which will feature and report on companies building in the metaverse.

But, that's not it. TIME will also launch a new weekly "Into the Metaverse" newsletter by Andrew Chow, which will narrate the story of the intermingling of the physical and digital world, the related communities, culture, business opportunities, work to enhance in-field communication, and report on the general direction, which the industry is taking. The media group will also host Ethereum metaverse and educational resources via TIME learning page, coming next month.

Galaxy will play a major role in helping TIME magazine figure out the metaverse and its potential by providing insightful research on the virtual worlds and the investment opportunities. The most interesting part is that the partnership was financed not with FIAT - but the metaverse native Ether (ETH) currency. TIME has also announced to hold Ethereum on its balance sheets and as a corporate treasury asset. They already accept ETH for digital subscriptions payment and have launched exclusive three iconic TIME cover NFTs back in Mar 2021.

Over the next decade, the metaverse will become an increasingly important part of the world economy; our physical and digital realities are already becoming hard to distinguish. We look forward to partnering with TIME, an iconic brand driving innovation, as we seek to bring readers, creators, and the curious into the metaverse and demystify the tremendous amount of transformation happening within.

Mike Novogratz, CEO and Founder of Galaxy Digital

We are almost certain that you likely received thousands of dollars recently with the Ethereum Name Service (ENS) airdrop, just by being an early user of the highly important protocol and receiving a hefty reward plus Web3 ownership share. However, the gravy train ain't stopping anytime. The multichain liquidity aggregator and decentralized exchange (DEX) ParaSwap airdrop have been hinted at, as early as last year. But the DeFi Airdrops credible source has now indicated that ParaSwap airdrop is now imminent, by next week! Here's what we know so far.

How did DeFi Airdrops establish this? Well, probably from the survey taken this week by the ParaSwap official Twitter, which asked users to vote on the ticker of the ParaSwap airdrop and basically confirmed the airdrop. It wasn't a close contest, by any chance and participants finally decided on the $PSP ticker symbol.

The official Twitter handle has been real savvy with teasing people about this upcoming ParaSwap airdrop. It has used $WEN jokingly several times in the recent past, hinting at a potential token and signaling that it is going to drop with the only question being when?

Currently, they are running a poll asking users when they should do the ParaSwap airdrop. Including a joke that the protocol wasn't planning any airdrop. Welcome the fun social media handlers of the Web3 protocols!

It was all very ominous and in the shadows until Igor Igamberdiev of the Block found a test ParaSwap airdrop contract on Nov 06! It features a retroactive airdrop mechanism and some functionality for pool staking. The initial supply is around 2 billion PSPs and shows 150 thousand for the airdrop.

Such a tiny float is surprising and would mean that the airdrop won't be worth much, after all, FDV isn't a meme. But this might be a test contract and the actual one would show better distribution (or so we hope). The contract has the right source paths and also shows the presence of a Gnosis multisig, so let's keep our fingers crossed for the next week!

Ethereum Name Service (ENS) airdrop will be released in a couple of hours at around 7 PM (US Eastern Time) on Nov 08. The token ticker will be ENS (no surprises there) and the contract has been announced as 0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72 (don't attempt to trade anything else!). Continue reading more to learn how to check eligibility and how to claim the token, once it launches in a short few hours.

Announced on Nov 02, it's a significant event because a critical part of Web3 infrastructure, the domain system of the decentralized web, Ethereum built "Sign in with Ethereum" alternate login pioneer is releasing a token and transitioning into a DAO, allowing the users who held the .eth names at Oct 30 (date of the snapshot) to receive ENS tokens and decide on the future of the protocol!

There's another reason to celebrate, Ethereum Name Service (ENS) team has been very careful and taken extensive measures to ensure that the airdrop system isn't gamed. This coupled with a VC-free atmosphere and no unfair low-cost selling to any party guarantees that the protocol will continue to truly remain a pillar of the decentralized Web. Plus, the team allocations have a large vesting period, the community is receiving 25% of all tokens being airdropped and 50% is being reserved for community treasury. ENS value is likely to hit the ground running, upon its release.

You will have 6 months to claim the tokens before they are resent to the treasury, so there's no need to hurry. Every account will receive it (regardless of the number of .eth domains contained) so squatters won't have much luck out there. You will receive the same allocations for one Ethereum wallet address if it contains one of the multiple .eth domains. The calculation for the airdrop will be based upon the following formula:

Now, that we have established that Ethereum Name Service (ENS) airdrop is a big deal. What can you do to check, if you qualified for it? How many tokens would you receive? Fortunately, there's a simple tool. Click here. Simply put your Ethereum address and it will display the number of tokens that you are eligible to receive or not.

What follows in this section has been taken from this Youtube video from ENS's official channel. Special thanks to alisha.eth for making this very informative video. For reasons of brevity, only the important steps are displayed in our picture-based claim tutorial. For an in-depth look, you can always watch the complete video.

Once the token has been airdropped, you would be able to claim it from here. It's not live, at the time of this publication. Once you access the page, you have to connect the wallet, which is eligible for the claim. Click "Connect to Wallet" and choose from MetaMask, Portis, Coinbase, Torus, WalletConnect, and MEW wallet. Then, click Get Started, once the wallet has been loaded on the interface.

The interface will now display the tokens available for the claim, as well as the calculation as mentioned in the earlier formula. Click "Start your claim process" to proceed further.

Ethereum Name Service (ENS) has designed the website meticulously, it will now start displaying the token information, purpose, use, and distribution criteria. Click Next after reading.

But that's not it. Since ENS wants to instill a sense of responsibility and pride in holding these tokens. The interface will now start displaying information pertinent to ENS draft constitutions including do's and don'ts. Click Start after reading and continue clicking Approve at each constitution article being displayed in detail. Once you read and approve all, you will be presented with a Sign button.

The interface will now ask you to gaslessly sign the constitution that you just read, authorize the free tx through the MetaMask interface (or other wallet equivalents).

Now, you must delegate your token-based votes to a member, who will exercise voting power on your behalf. You can choose from the list or enter their ENS or Ethereum wallet direct address.

This brings us to the last step, you can now review your claim, see your delegate, and click Claim. This will open up a new window to authorize transactions via MetaMask by paying gas and claiming your tokens! Congratulations on receiving your valuable ENS tokens!

Ethereum wallet addresses are complex and human unreadable. This makes it difficult for users to work with them. For instance, if you send funds to an Ethereum wallet, the long random address needs to be typed incorrectly and checked multiple times to establish that it’s the right one. It’s easier to make mistakes there. Enter Ethereum Name Service.

Ethereum Name Service or ENS fixes that problem by using smart contracts, linking the complex human unreadable Ethereum addresses to a simple .eth (amongst other variants) domain. For instance, you can bind the address 0xb4b3351918a9bedc7d386c6a685c42e69920b34d to something.eth. Now, it’s easy to interact and work with.

You don’t have to copy/paste long addresses and hope that everything goes right. Just purchase a simple domain with low fees to start receiving cryptocurrency, assets, and NFTs. The ENS domains themselves are ERC-721 compliant NFTs, which can be traded too. You can read how to acquire an ENS name here.

ENS domains already are integrated with a large part of the crypto-ecosystem and growing day by day. Currently, it has compatibility with Coinbase, Rainbow, Trust Wallet, MyCrypto, MetaMask, Huobi, etc. The DApps supporting the domains are Uniswap, Etherscan, Tornado Cash, The Graph, Aavegotchi.

The Football Club of Barcelona, Barcelona FC, or Barca is launching NFTs via Ethereum based Ownix service, according to an announcement made on Nov 05. This event would also mark the launch of the Ownix platform, which will offer a "premium digital auction house for sports, art, and entertainment" A Christie's of crypto, we will see. The event happening on Nov 24m, as indicated by the reverse clock on the main website, will feature a week-long auction. Barcelona FC will be presenting its NFTs, based on iconic moments of "more than a club" history.

As NFTs surge, we think it is important to give those collectors who are Barcelona FC fans an opportunity to own a piece of the club’s history. This new and exciting asset class allows collectors to own things that weren’t possible to own before, and we’re thrilled to offer sports fans an opportunity to spearhead the movement. Our mission is to bring customers to purchase NFTs not simply for marketing them further onwards, but for the pleasure and pride of owning a piece of club history.

Guy Elhanani, CEO of Ownix

Barcelona FC has a very large fanbase around the world and leads the way in the digital domain with over 400 million followers in social networks. Given this scenario, the Club is constantly looking for new ways to connect with its fans, and we believe that creating these NFTs is a unique opportunity to continue growing and consolidating the Barça brand by bringing unique moments that have made Barça fans dream and FC Barcelona a well-known club on every level.

Joan Laporta, President of FC Barcelona

Futbol Club Barcelona commonly referred to as Barcelona FC and colloquially known as Barça is a Spanish professional football club based in Barcelona, Spain, that competes in La Liga, the top flight of Spanish football. It is the fourth-most valuable sports team in the world, worth $4.06 billion, and the world's richest football club in terms of revenue, with an annual turnover of €840.8 million.

The official Barcelona anthem is the "Cant del Barça", written by Jaume Picas and Josep Maria Espinàs. Barcelona traditionally play in dark shades of blue and red stripes, leading to the nickname Blaugrana. Barcelona is one of the most widely supported teams in the world, and the club has one of the largest social media following in the world among sports teams [WIKIPEDIA]