Cryptocurrency
MetaWin Launches New Base and Arbitrum Layer 2-Powered Swap System, Boasting 2-Second Payment Speeds and Half a Cent Gas Fees
[PRESS RELEASE – London, United Kingdom, March 28th, 2024]
MetaWin, the trailblazing platform for on-chain prize competitions, is delighted to announce the incorporation of the Base and Arbitrum Layer 2 (L2) blockchain networks into its on-site swap feature.
This ground-breaking update represents a significant milestone in MetaWin’s quest to deliver an unmatched gaming experience, offering faster transactions and substantially reduced fees for its users. By embracing the capabilities of the Base and Arbitrum L2 chains, MetaWin not only improves its platform’s efficiency but also solidifies its position as an innovator in the blockchain gaming industry.
The integration enables users to effortlessly deposit and withdraw funds on either chain or across chains, providing the flexibility to select the preferred network for receiving winnings. Transaction times have been dramatically slashed to just 2 seconds for inbound swaps and 20 seconds for outbound swaps, paired with gas fees as low as half a cent USD for swapping (theoretically) an unlimited amount.
The introduction of Base and Arbitrum L2 support signifies more than just an upgrade; it heralds a revolution. MetaWin takes pride in leading this innovation charge, offering a more accessible, affordable, and faster gaming experience. By mitigating the barriers associated with high transaction costs and slow processing times, MetaWin not only expands its user base but also fortifies the blockchain ecosystem.
“We are excited to lead the way in leveraging the latest blockchain technology to benefit our users,” said Rebecca Hanwell, Operations Manager at MetaWin. “The integration of Base and Arbitrum L2 chains underscores our commitment to innovation and our vision for a future where blockchain gaming is mainstream, accessible, and affordable for everyone. Given the remarkable results observed here, we will continue to integrate the remaining Layer 2 chains.”
This strategic update aligns with MetaWin’s ongoing endeavour to democratize access to on-chain prize competitions, ensuring that players worldwide can participate without the burden of exorbitant fees or sluggish transaction speeds. The decentralized competitions will also transition to leverage the L2 chains as early as next week.
As MetaWin continues to push the boundaries of what’s achievable in blockchain gaming, it remains steadfast in providing a secure, transparent, and efficient platform for its global community.
Users can try the new swap system by connecting their Web3 wallet to MetaWin
About MetaWin
MetaWin is the premier platform for on-chain prize competitions and instant win games, offering a diverse range of entertaining challenges for users to enjoy. By harnessing cutting-edge blockchain technology, MetaWin provides a transparent, fair, and secure gaming environment, making it the go-to destination for blockchain enthusiasts and gamers alike.
For more information about MetaWin and its latest integration, please visit www.Metawin.com
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Cryptocurrency
Ethereum Outpaces Bitcoin as Long-Term Holders Soar to 74.7%
The long-term holder ratios for Ethereum (ETH) and Bitcoin (BTC) over time show a distinct trend in favor of the former.
As of now, 74.7% of Ethereum addresses belong to long-term holders, a figure that surpasses Bitcoin’s long-term holder ratio, which is hovering at just over 60%
Ethereum Leads in Holder Ratios
According to the latest data compiled by IntoTheBlock, the latest trend suggests that Ethereum holders exhibit a growing tendency to retain their assets for extended periods, likely reflecting confidence in ETH’s trajectory. The on-chain analytic platform stated that this trend is likely to continue until the leading altcoin nears its previous all-time high, at which point profit-taking behavior among holders could cause a decline in these ratios.
It is important to note that this trend of long-term ETH holders consistently increased throughout 2024 as well. During this period, the number of Bitcoin holders, on the other hand, declined.
In fact, IntoTheBlock’s previous data revealed that Ethereum’s long-term holder percentage climbed from 59% at the start of the year to 75% by the end of 2024. At the same time, Bitcoin saw its proportion of long-term holders decline steadily from about 70% to 62%.
Moreover, the choppy price action briefly resulted in Bitcoin’s plunge below $92,000 this week. The price has since recovered modestly as Bitcoin trades a little above $94,000. However, Bitcoin’s Funding Rate, which sheds light on the demand within the derivatives market, is still low.
Bitcoin Funding Rates Fall While Ethereum Eyes a Rally
As explained by CryptoQuant, for any price surge to be sustainable, Funding Rates must reflect strong demand. While a delayed increase in these rates during a rally isn’t uncommon, their absence raises questions about the market’s underlying strength. During the recent Bitcoin rally, Funding Rates spiked midway, indicating a delayed influx of demand.
However, these rates fell sharply after Bitcoin was rejected at the $108,000 resistance level last week. Such a trend signaled a weakening market sentiment and a waning bullish momentum. If Bitcoin fails to hold above the critical $90,000 support, it risks increased selling pressure and potentially deeper corrections.
Meanwhile, crypto analyst Ali Martinez revealed that Ethereum appears to be following an ascending parallel channel. Within this pattern, a potential dip to the lower boundary at $2,800 could serve as a key support level and a launchpad for a significant rally, possibly propelling the altcoin toward the $6,000 mark.
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Cryptocurrency
Ripple (XRP) Developments, Optimistic Cardano (ADA) Predictions, and More: Bits Recap Jan 10
TL;DR
- Ripple’s stablecoin RLUSD gained adoption from top exchanges like Bitstamp, offering diverse trading pairs.
- Cardano’s ADA rebounded to $0.97, with analysts predicting future highs between $6.45 and $7.
- Bitcoin (BTC) fluctuated from $102K to $92K, now at $94.5K, with forecasts as high as $500K for 2025.
What’s New Around Ripple?
Ripple, the company behind the popular cryptocurrency XRP, continues to make huge waves in the digital asset space. Last month, it officially launched a stablecoin pegged 1:1 to the American dollar, called RLUSD.
The product triggered huge excitement across the community and received support from numerous leading crypto exchanges, such as Uphold, Bitso, Bullish, Moonpay, and others.
As CryptoPotato reported, the latest to hop on the bandwagon was the European-based Bitstamp. The entity added RLUSD on the Ethereum network, describing it as “a robust solution designed for institutional-grade financial use cases.” The exact trading pairs available to users are RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.
Earlier this week, Ripple’s president, Monica Long, said people should expect other well-known crypto exchanges to embrace the stablecoin “imminently.”
ADA Forecasts
The cryptocurrency market experienced a substantial retreat in the past few days, with Cardano (ADA) among the worst-affected tokens. Its price dropped from $1.14 on January 7 to $0.88 on January 9. The sector recovered some of the losses in the last several hours and ADA pumping to its current $0.97 (per CoinGecko’s data).
Meanwhile, numerous analysts believe the asset is poised for a real bull run in the near future. Dan Gambardello claimed that ADA has “one of the most bullish weekly pattern setups in crypto,” which represents an “inverse head and shoulders with upward sloping neckline.” He assumed that a breakout to the upside could result in a price rally to as high as $7.
For their part, Altcoin Daily made bullish predictions about multiple cryptocurrencies, envisioning ADA’s price hitting $6.45 sometime in 2025.
BTC’s Price Swings
Similar to ADA, the primary cryptocurrency has also witnessed enhanced volatility recently. Recall that BTC surpassed $102,000 on January 7 but retraced below $92,000 two days later. The bulls managed to recover some ground, and as of this writing, the asset’s price stands at over $94,500.
Despite the significant fluctuations, many analysts on X remain optimistic that 2025 will be a highly successful year for the cryptocurrency. One popular X user suggested that BTC could skyrocket to $210,000 before Valentine’s Day, while another envisioned a massive spike to as high as $500,000.
Those willing to explore additional price forecasts and check whether now is a good time to enter the ecosystem as investors can take a look at our dedicated video below:
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Cryptocurrency
SEED secures investment from Sui Foundation to build a 100M-user Web3 Gaming Ecosystem on Sui
[PRESS RELEASE – Panama, Panama, January 10th, 2025]
Despite the billions invested in Web3 gaming as a key catalyst for mass adoption, the industry faces significant challenges from complicated onboarding to unsustainable growth. While Telegram Miniapps have gained traction as a promising solution, their shallow gameplay and lack of on-chain integration are major barriers for them to sustain. This is where SEED will stand out, combining engaging gameplay with true on-chain integration.
SEED has secured a strategic investment from Sui Foundation, the organization dedicated to promoting the growth of the Sui blockchain, to unlock its transformative potential in Web3 gaming. This collaboration is focused on building a next-generation on-chain gaming ecosystem that combines sustainability, scalability, and innovation. United by a shared vision, SEED and Sui seek to pioneer the first sustainable Web3 gaming ecosystem on Sui with 100 million users and establish a ‘blueprint’ for the future of Web3 games.
With over 60 million users, SEED App isn’t just looking for scalability and low fees. With the support of Sui Foundation, SEED will gain an opportunity to co-build and shape the future of mass-user gaming, a key area for blockchain growth. On Sui, SEED becomes an important part of the Sui ecosystem, working closely with a supportive team to research, innovate, and grow together.
Strategic Investment and Ecosystem Growth
From a Telegram Miniapp, SEED is transforming into a mass messenger-based on-chain gaming ecosystem centered around a groundbreaking game inspired by the global appeal of Pokémon Go. Enhanced with VR, AI, and true on-chain logic, the next version of SEED will offer immersive gameplay fully connected to the blockchain, surpassing the shallow mechanics of current Miniapps.
Beyond its flagship game, SEED’s vision extends further. The two companies will support a durable ecosystem of games and applications through the SEED Combinator Program for startups, creating a self-sustaining Web3 ecosystem. Furthermore, this collaboration includes a commitment to jointly research fully on-chain games, develop advanced tools and infrastructure for builders, and host initiative programs to support developers within the ecosystem.
“Our partnership with SEED reflects a shared vision of leveraging blockchain technology to improve the gaming experience,” said Christian Thompson, Managing Director of Sui Foundation. “By leveraging Sui’s innovative infrastructure and unmatched scalability, we are excited to co-create a self-sustaining Web3 movement that empowers developers and engages millions of users worldwide.”
“At SEED, we believe in partnering with ecosystems that drive real impact. Choosing Sui as our technical backbone, with its unmatched scalability, efficiency, and developer-friendly architecture, enables us to empower builders and accelerate innovation. With Sui, we’re equipped to deliver on our mission at a whole new level.” – Dees, CEO of SEED.
About SEED
From the leading Play-to-Earn Telegram Miniapp with over 60 million players, SEED is evolving into the top RPG in Web3 gaming, inspired by the success of games like Pokémon Go and Axie Infinity. Leveraging the power of VR, AI, and seamless messenger-based onboarding, SEED not only ensures mass accessibility but also creates an engaging and interconnected gaming universe.
Website | Twitter | Telegram Channel
Media contact:
Alex Zhang
alex@seeddao.org
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications at unrivaled speed and low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build user-friendly experiences. For more information about Sui, users can visit https://sui.io.
Media contact:
media@sui.io
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