Alexander Mardar

While the efficiency of airdrops is debated, they still play a pivotal role in the token distribution strategies of many crypto projects.

The project aims to attract large miners and key players in the Bitcoin ecosystem who need a hedging instrument to protect against Bitcoin fee volatility.

The project aims to offer a low-cost data availability solution and will be competing with other solutions developed by Celestia and EigenDA.

Insiders predict that Ethereum ETFs will attract around 20-25% of the inflows that Bitcoin ETFs garnered following their approval.

Despite the successful resolution, the incident once again highlighted the underlying centralization issues prevalent in Layer 2 blockchain networks.

Since its launch last year, the stablecoin has grown to around $100 million. However, this amount remains significantly lower than the figures achieved by more recent entrants in the stablecoin market.

From September 4th, this new token will replace $MATIC as the primary medium for transaction fees and staking on the Polygon network.

The project was marketed as a new media tech opportunity, where users could earn high returns simply by watching videos on the internet.