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Cryptocurrency

Web3 usernames may see greater adoption due to recent advancements

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Ever since the Ethereum Name Service (ENS) was launched in 2017, Web3 users have been able to replace the long strings of characters that make up a crypto address with a more easily memorized blockchain username or Web3 domain name. For example, Ethereum (ETH) users can now send crypto to the network’s founder, Vitalik Buterin, at his username of vitalik.eth without knowing that his address is 0xd8da6bf26964af9d7eed9e03e53415d37aa96045.

But despite this advancement making it much easier to identify users, hardly anyone has taken advantage of it. There are over 200 million unique addresses on Ethereum, yet only 2.2 million .eth names were registered as of January. This means that at least 97% of Ethereum addresses are not associated with an ENS username.

This lack of usernames creates user experience problems in the Web3 ecosystem. Just imagine if early email addresses had consisted of long strings of characters that looked like 0x7a16ff8270133f063aab6c9977183d9e72835428 or 0x3A7937851d67Ee2f51C959663749093Dc87D9C9a. If this had been the case, Email may not have survived as a practice.

But despite this initial lack of adoption, there is some evidence that the tide may be turning in favor of Web3 usernames. A few recent advancements in wallet and messaging apps may onboard more users than ever before.

One of these advancements is better wallet integration with free usernames.

Wallet integration and free usernames

Wallets have had the ability to understand Web3 names for a long time. According to Metamask’s changelog, it introduced the ability to send to a .eth name in October, 2017, right after ENS launched. Other wallets have followed suit with this feature, including Coinbase wallet, Trustwallet, and others. Some of these wallets have also integrated with ENS rivals Unstoppable Domains, Space ID, Bonfida and others.

However, these wallets still show a crypto address to users by default, as new users don’t typically receive names automatically.

In order for a user to receive crypto via their Web3 name, they need to first register a username with a particular name provider. This means figuring out which provider to use, navigating to the providers interface, and going through the process of registering.

To make matters worse, names can be expensive. ENS names typically cost $5 and expire after a year, while Unstoppable Domains names that do not need to be renewed typically cost from $20-$40. Compare this with how easy it is to sign up for an email address for free using Gmail, Outlook, Yahoo. etc., and it’s easy to see why most crypto users don’t have a Web3 username.

A few wallet apps have been trying to solve this problem by giving away free domain names to their users. For example, Coinbase wallet allows new users to register a single .cb.id username for free, once per year, and Kresus wallet offers its users a free .kresus username of up to 8 characters as well.

This practice of giving out free usernames has begun only recently. And some popular wallets like Trustwallet and Metamask still don’t offer the feature. But as more users onboard to the Web3 ecosystem, this may lead to greater adoption of Web3 usernames over time.

Another recent advancement is instant messaging integration.

Chat messaging with Web3 usernames

Some messaging apps have begun to implement Web3 names as usernames, increasing these names’ utility beyond the payments use-case. One example is Blockscan Chat. It allows users to send instant messages to any Ethereum address or ENS username.

When messages are sent using Blockscan chat, they produce alerts on the Etherscan block explorer. If the recipient sees the alert and logs into the app, they are able to read the message. The developer of the app claims that all of its messages are end-to-encrypted. So although anyone can see if a particular user has received a message, only the sender and recipient can read it.

Web3 usernames aren’t an absolute necessity for using Blockscan chat, as it does allow users to send messages to crypto addresses as well. But names do make it much easier for users to find each other in the app.

Another example is Grill.chat, a messaging app running on the Subsocial (SUB) network. When a user first signs up for it, they are assigned a random username. But they can optionally attach an Ethereum wallet to their account. If they do this, the app automatically converts their random username into their .eth username.

Being able to find other users to chat with via their web3 usernames is arguably a more useful feature than being able to send crypto with them.

After all, the crypto community is still small. If a crypto user needs money from friends or family, they may be better off right now using traditional Web2 apps like Venmo or Apple Pay, as their friends and family may not know how to use a Web3 wallet. But if a person wants to chat specifically about crypto and Web3 apps, being able to look them up by their username could turn out to be a huge advantage. This added use-case may entice more users to adopt Web3 names in the future.

Another recent advancement in Web3 names is cross-chain names.

Cross-chain Web3 names

When Web3 names were first invented, ENS was the only protocol that could be used to create them, and it could only be used on Ethereum.

But the Web3 ecosystem has since grown to encompass many different chains. And as the number of chains has grown, so has the number of naming protocols. Users can now register Polygon (MATIC) usernames from Unstoppable Domains, Solana (SOL) ones from Bonfida, and both Arbitrum One (ARB) and BNB Chain (BNB) names from Space ID.

This fragmentation across chains can make integration difficult for wallets and block explorers and cause confusion for users. For example, suppose that a person’s Polygon username is newton.crypto. But when they go to register the same name on BNB Chain, they find that newton.bnb is already taken, so they register einstein.bnb instead. When a user looks at this person’s address on a block explorer, either name could appear, depending on which one the developer of the block explorer has chosen to display. And regardless of which one is displayed, it could cause confusion for users.

In this case for example, if a user wants to send crypto to newton.crypto via BNB Chain, they may easily send it to newton.bnb instead, which will turn out to be the wrong recipient.

A few Web3 companies are trying to fix this problem by creating a single name for each identity across multiple chains. For example, the Redefined app allows users to register for a username on Arbitrum One, but use it to receive funds on 8 other chains: Polygon, Optimism (OP), BNB Chain, Solana, Bitcoin (BTC), Fantom (FTM), Moonbeam (GLMR) and Near.

To make this feature possible, Redefined lets the user write an address or username for each network into the Arbitrum smart contract through a “manage” tab within the app. Once the addresses are listed in the contract, any person can initiate a transaction to the correct address using a “send” function within the app. In order to send funds, the sender only needs to know the recipient’s Redefined username, not the recipient’s name or address on any particular chain.

Redefined usernames begin with an @ and do not have extensions. For example, @newton and @einstein are possible redefined usernames.

Did.id, also called “.bit,” is a similar project that runs on the Nervos network. It allows users to register for a .bit username that works across 39 different networks, including Bitcoin, Ethereum, Polygon, Solana, Bitcoin Cash (BCH), Internet Computer (ICP), and many others. Registration can be done directly with a Nervos network wallet or indirectly using Polygon.

Did.id doesn’t feature a user interface with a “send” function. However, it is integrated with nine different wallet apps, including imToken, Tokenpocket, MathWallet, Huobi Wallet, Bitkeep, HyperPay, AlphaWallet, ViaWallet, and MIBAO. So it’s available to senders who use these wallets.

Cross-chain usernames are yet another new development that may spur greater adoption of Web3 usernames over time.

When will usernames catch on?

Despite these advancements, it’s still not clear how long mass adoption of Web3 usernames will take. Right now, over 90% of Web3 addresses are not associated with any username. So there is a huge hill to climb in terms of adoption. And in the meantime, users still need to cut and paste a complicated string of characters to find a person’s Web3 identity.

There is also still plenty of friction left for users, including the continuing high cost of registering a name for users of most wallet apps.

Even so, these advancements may pave the way for the mass adoption of Web3 usernames at some point in the future.

Cryptocurrency

FARTCOIN Returns to Top 100 Alts After 10% Surge, BTC Stays Calm at $85K (Weekend Watch)

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Bitcoin’s underwhelming price actions as of late continued on Saturday and early Sunday as the asset stands close to $85,000 without making a big move in either direction.

The larger-cap alts are also quite sluggish on a daily scale, with ETH slightly below $1,600 and XRP down by around 1%.

BTC Consolidation Continues

The past seven days went entirely differently from the previous week. Back then, BTC went through a massive five-digit price rollercoaster. However, it finally calmed after the tariff pause announced by Trump for most countries and remained in a tight range for the entire week.

After it bounced above $82,000 last weekend, the asset went to a local peak of just over $86,000 on a couple of occasions but to no avail. Just the opposite, it was pushed back down to $83,000 both times.

Since then, the cryptocurrency has traded within an even smaller range between $84,000 and $85,500. It now stands approximately in the middle of it, with many industry experts suggesting a breakout is just around the corner.

For now, though, BTC’s market cap has retraced to $1.680 trillion on CoinGecko, while its dominance over the alts has taken a slight hit and is down to 60.7%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

FARTCOIN Is Back

Most larger-cap alts have failed to post any significant moves in the past day. Minor losses are coming from ETH, XRP, DOGE, and ADA, while SOL is slightly in the green.

More interesting price developments come from the mid- and lower-cap alts. FARTCOIN has stolen the show and returned to the top 100 alts by market cap after a 10% surge. FET follows suit, gaining 9%, and TAO is net (8.5%).

The cumulative market cap of all crypto assets has remained at the same level it has been in the past several days, at $2.770 trillion on CG.

Cryptocurrency Market Overview. Source: Coin360
Cryptocurrency Market Overview. Source: Coin360
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

You Can Now Buy Uranium for $4 Thanks to Blockchain, Interview with Ben Elvidge, Uranium.io (PBW 2025)

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At Paris Blockchain Week, Ben Elvidge, Product Lead at Uranium.io, introduced one of the most unexpected tokenization use cases yet: physical uranium.

While tokenizing real estate, art, or equities has become increasingly familiar, uranium—a tightly controlled, highly capital-intensive commodity—has remained far out of reach for the average investor. That’s changing.

Why Uranium?

The uranium market, traditionally opaque and hard to access, trades over the counter in massive lot sizes—typically 100,000 pounds, valued at around $6 million at today’s prices. It’s safe to say that it’s not accessible to retail investors.

“It’s an asset class of critical importance,” said Elvidge, “but historically very difficult to access.”

Through a partnership with the Tezos Foundation, Uranium.io acquired a minimum tradable lot of uranium, stored it in a certified facility, and tokenized it, becoming one of the more interesting RWA crypto projects. Now, the average investor can gain exposure to physical uranium for as little as $4—no need for millions in capital or complex brokerage agreements.

How It Works

Uranium.io leverages a trust-based legal framework under English common law to represent fractional ownership in physical uranium.

The uranium itself is stored in Cameco, one of three global storage facilities approved for this purpose (the other two are in the U.S. and France). Their partner, Curzon Uranium, helped facilitate the process.

Users can buy tokens directly through the platform using a MetaMask wallet and USDC, with built-in on-chain analytics flagging suspicious activity. The onboarding is KYC-light, only requiring full identity verification if a red flag is raised. Each token represents a portion of the physical uranium stockpile, and—unlike most tokenized commodities—token holders can actually request physical delivery, assuming they have an approved converter account and pass relevant nonproliferation checks.

One of the core advantages, Elvidge emphasized, is transparency. Currently, uranium pricing is derived from voluntary broker submissions and updated only during U.S. and UK trading hours.

Uranium.io’s platform introduces real-time price discovery through live token trading. While the platform is still in its early stages, a market-making partner helps ensure price accuracy relative to legacy data feeds.

Beyond Tokenization Hype

Elvidge argues that Uranium.io is a case of real-world tokenization moving beyond buzzwords.

“We’re not doing tokenization for tokenization’s sake,” he said. “This is about taking something previously inaccessible and opening it up.”

Increased access helps retail investors, but also benefits the broader uranium supply chain—particularly fuel buyers and utility providers—by improving liquidity and price transparency. These market efficiencies are sorely lacking in the current OTC-only trading structure.

While spot uranium trading is unregulated in many jurisdictions, Uranium.io has taken a careful approach to legal structure. Its framework doesn’t rely on an SPV and avoids categorizing the tokens as securities. Still, the regulatory environment is complex and remains under constant review, particularly as the project scales.

Why Uranium Now?

The fundamentals support long-term interest. Elvidge pointed to increasing demand from tech giants like Microsoft, Amazon, and Google, all showing interest in nuclear power as a reliable energy source. Governments are shifting toward pro-nuclear energy policies. In 2023 alone, uranium demand reached 194 million pounds, while supply lagged behind at 155 million pounds.

“Uranium has no meaningful correlation with Bitcoin, the S&P 500, gold, or oil,” Elvidge noted.

That makes it an attractive uncorrelated asset at a time when crypto investors are seeking diversification and stability amid risk-off market sentiment.

This interview was produced in partnership with Paris Blockchain Week 2025.

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Has Ethereum Turned Itself Around? Experts Weigh In

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“The Ethereum ship is slowly turning around,” claimed David Hoffman from Bankless on April 19.

He added that the process started over six months ago and changes are already observable, highlighting six areas of change Ethereum is undergoing.

The project went through a rough patch earlier this year with leadership issues at the Ethereum Foundation, developers jumping ship, and record levels of FUD being disseminated.

However, despite that, it is still the industry standard network for DeFi, stablecoins, real-world asset tokenization, and decentralized applications.

Evolution of Ethereum

After primarily being research-focused for years, Ethereum is now recognizing the need to adapt in response to competitive pressures that emerged around 2021, argues Hoffman.

He added that the Ethereum community is actively addressing these issues through aggressive layer-1 scaling, with plans to increase gas limits tenfold over two years.

There has also been a shift from protocol-first to product-first thinking, with new leadership roles, and the Ethereum Foundation is taking a more active coordinating role with new co-executive directors.

He also said there is now a more inclusive culture as the doors to the “Ivory Tower” open, enabling a welcoming ecosystem of voices into roadmap conversations.

There is better layer-2 integration and developing interoperability standards, positioning Ethereum layer-1 service provider to L2s. Finally, an increased urgency is embracing shorter roadmap cycles and faster protocol upgrades.

In a recent podcast Ethereum Foundation researchers Ansgar Dietrichs and Dankrad Feist said that the organization was stepping up to facilitate these steps.

“Parts of the Ethereum community have been pushing for this shift, while others have been resisting it,” said Hoffman, who added, “Ethereum is a big tent that holds space for many different voices.”

The Scaling Debate

Uniswap founder Hayden Adams weighed in on the Ethereum scaling debate, stating, “I’m all for scaling improvements to L1, the rollup-centric roadmap actually requires it,” but pointing out that if Ethereum ultimately relies on L1 to support DeFi, Solana may have a stronger roadmap, team, and scaling model.

He argued Ethereum should stick to its rollup-centric layer-2 scaling strategy, which it has developed over the past five years.

“People need to pick a lane and attempt to mitigate the risks associated with it vs scrambling to shift narratives and strategy every month.”

He added that he was also against “just do every approach,” which is probably the only thing worse than not picking an approach.

Meanwhile, Ethereum prices remain at March 2023 levels, failing to push much higher than $1,600 so far this weekend.

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