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Binance, one of the world’s leading crypto exchanges, has seen its average daily trading volume s plunge below $10 billion in recent weeks, a 60% decline from average s between $20-30 billion last year. The US is seeking $4bn from #Binance to end its case. Daily trade volume on the exchange has fallen to under $10bn/day, down from $20-30bn. pic.twitter.com/PwZaSHpJA2 — Kaiko (@KaikoData) November 20, 2023 The drop comes as Binance is under intense regulatory scrutiny and slapped with a $4 billion penalty from the U.S. Department of Justice (DOJ) as a settlement for all allegations involving violation of federal security laws. According to blockchain data analytics platform Kaiko, Binance facilitated most of its 2022 trading volumes by offering zero-fee transactions. The freewheeling model was halted early this year but has not prevented trading activity from contracting. Amid intense legal scrutiny from the U.S., volume s have been evaporating even without charges b...

Coinbase reached has reached 136,000 daily users following the announcement of its new blockchain. According to Dune Analytics, nearly 30% of the daily users on August 10 were new users , representing 42,000 of the total. On July 31, the company reached 60,000 new users . Coinbase’s layer-2 daily users | Source: Dune Analytics CryptoRank showed that Base currently stands in the 4th position for daily transactions, behind zkSync Era, Arbitrum and Optimism. Base Now Ranks 4th in Daily TPS Among Layer 2 Solutions #Base Layer 2 launched its mainnet yesterday and is showing robust growth in active users and transactions. Now it ranks 4th by daily TPS (Transaction per second). pic.twitter.com/pnYF0tk7b0 — CryptoRank Platform (@CryptoRank_io) August 10, 2023 Coinbase launched the beta version of its new project, known as Base, on February 23. The ecosystem has over 100 decentralized applications (dapps) and service providers. The mainnet version for developers and b...

Bone ShibaSwap (BONE), the governance token for the ShibaSwap DEX and one of the Shiba Inu ecosystem tokens, has skyrocketed 25% over the past week. The impressive run has been supported by a noticeable surge in daily active addresses since July 28. BONE failed to capitalize on the altcoin rally within the broader market on July 13, triggered by the favorable ruling in the Ripple case. Despite a marked uptick registered by several altcoins, BONE saw a meager 5.42% increase.  Notably, the bears quickly erased the asset’s modest gains, leading to a 12% decline five days later. The bearish situation coincided with a significant drop in daily active addresses, as investors’ interest declined drastically amid exhaustion of an earlier rally. You might also like: BONE surges 21% with rising Shibarium utility BONE registers bullish momentum However, BONE embarked on a solo rally following the dip on July 18, registering intermittent gains on the heels of a renew...