Erik Weijers, 2 months ago
Floki Inu will release a Chinese version of Valhalla, the testnet metaverse game that includes FLOKI tokens. Floki will also run an airdrop campaign for users of Btok, a Chinese social media platform.
China is the world's largest market for video games, but traditionally not very welcoming to crypto. Even though the authoritarian state recently made headlines for signs it seems to be relaxing its stance on crypto (tax it, not fight it). Still, nothing is confirmed yet. Apparently, the Floki team didn't wait for anyone's approval and simply decided to launch. Go, Floki Vikings!
Another sign that Floki developers are not sitting on their hands is that their DeFi product FlokiFi, a digital asset Locker, has seen a big increase in Total Value Locked (TVL) in recent months. FlokiFi is a protocol for securing your digital assets in a smart contract, such as NFTs and tokens. Even though the figure of $10 million won't impress any 'established' Layer 1 blockchain, it is noteworthy to know that the TVL of the FlokiFi Locker was only $3 million at the beginning of January 2023.
Floki Inu is currently the fourth most popular dog coin on the market, behind Dogecoin (#9 on Coingecko), Shiba Inu (#14) and Baby Doge Coin (around #90). Floki climbed to around #150. Sitting at 270 million dollars, its market cap is still vastly smaller than Dogecoin's 12 billion.
The most important dog coins all outperformed Ethereum in January (ETH doing +33%), and all but one outperformed BTC (+40% in January). Here are some stats for you dog lovers:
The pups are growing up fast!
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The Shibarium launch has been postponed a few times and the community marveled about what would happen once the launch commenced. It looks like we all are going to find out soon. The Shiba Inu team announced that the beta version will start this week. Since it is already Thursday it looks like we don’t have to wait much longer.
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Don’t sleep on Binance Chain: it is the largest chain in terms of daily active addresses. In the final week of February, Binance unveiled their technical roadmap for 2023. Some of the areas of focus are a separate chain for data storage, increased transaction throughput and network decentralization.
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Solana had another outage last weekend and it took over 20 hours until transactions were transmitted again. This has been one of many incidents the high-speed blockchain suffered from in the past 12 months. Another outage just happened in January but was less severe than the last crash of the network. The worst part is that the cause of the last incident is yet unknown and developers are working tirelessly to resolve the issue.
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