- A new dYdX Layer 1 chain, with DYDX as its token, enhances staking, security, and governance functions. All fees on this chain are in USDC, benefiting stakers and validators.
- NuggetRush (NUGX) offers an interactive blockchain game with a strong community focus and tangible benefits, setting it apart from traditional meme coins and play-to-earn games.
- Solana (SOL) closed October 2023 with an impressive 62% gain, despite concerns over FTX liquidating SOL tokens. Solana’s market capitalization grew significantly, and its nodes are now deployable on Amazon Web Services, simplifying dApp integration.
dYdX network has taken a significant step by launching its Layer 1 chain with USDC integration, promising increased utility for its DYDX token. On the other hand, NuggetRush (NUGX) offers an interactive blockchain game focused on building a strong community and providing tangible benefits.
Yet, Solana concluded October 2023 with remarkable gains despite concerns and expanded its ecosystem with notable developments. Can NuggetRush keep thriving to catch up with Solana and dYdX?
dYdX Launched Layer 1 Chain with USDC Increasing Utility for DYDX Token
In a notable development that boosts DYDX token’s functionality in staking, security, and governance, a new dYdX layer-1 chain deployed on the mainnet.
Developed using the Cosmos SDK and the CometBFT consensus algorithm, this proof-of-stake platform defines DYDX as its Layer 1 token, strengthening its position within the thriving dYdX Chain.
Interestingly, all fees collected on this dYdX Chain will be denominated in USDC. The trading fees and gas fees for DYDX-denominated transactions and other USDC-denominated transactions will be distributed to stakers and validators.
The first dYdX Chain mainnet block was generated on October 26, 2023, marking the start of a new DYDX era.
A notable development is the increased functionality of the native DYDX token, which was initially launched as the governance token for the dYdX Layer 2 protocol on Ethereum (dYdX v3) in August 2021. Now, DYDX token’s role has expanded.
Staking DYDX tokens boosts network security and grants holders a share of dYdX Chain protocol fees corresponding to their staked amount.
DYDX spiked to $2.5, a five-month high, in the wake of the news. Analysts expect the token to rise to $3.3 by December, supported by developments on the network.
NuggetRush (NUGX) Focuses on Boosting A Strong Community And Tangible Benefits
NuggetRush (NUGX) is an interactive blockchain game for play-to-earn (P2E) enthusiasts and NFT fanatics. Different from the traditional meme coins and P2E games, NuggetRush (NUGX) prioritizes boosting a solid community and offering tangible benefits, with a focus on underdeveloped areas.
At its center, NuggetRush (NUGX) features a dynamic marketplace and active gameplay, enabling investors to generate passive income.
NuggetRush promises users thrilling gameplay and potential earnings growth, attracting traders interested in NUGX’s unique ecosystem. On that note, these features make it the best crypto investment today.
NuggetRush (NUGX), powered by the Ethereum (ETH) blockchain, provides global transparency, security, and a wide array of player opportunities. Currently, NuggetRush’s crypto ICO is trading in Stage 2 of its presale, with NUGX tokens valued at $0.012 each.
Analysts believe it is the perfect time to buy since NuggetRush’s (NUGX) value will surge to $0.020 in the final Stage of the presale. Therefore, NUGX is an excellent crypto investment currently.
Solana (SOL) Surges 62% in October and Expands Ecosystem Surviving FTX Concerns
Solana (SOL) ended October 2023 with a 62% gain, based on on-chain data from analytics firm Santiment.
Despite worries about FTX liquidating its 57 million SOL tokens, Solana’s market capitalization increased considerably. The unlocking schedule for FTX/Alameda’s SOL differs, with an average unlock date set for Q4 2025.
Elsewhere, Solana nodes can now be deployed on Amazon Web Services (AWS), as highlighted during Solana’s (SOL) Breakpoint 2023 event, using an infrastructure as code application in the AWS blockchain Node Runners repository.
Businesses that want to build on Solana (SOL) can deploy their consensus and remote procedure calls (RPC) nodes to link their dApps to the platform with no technological effort needed.
This marks a significant advancement for Solana’s (SOL) ecosystem, as it lets businesses deploy Solana validators through blockchain node runners—an open-source initiative for self-service blockchain node deployment.
On November 1, 2023, Solana (SOL) was trading at $39.94.. Experts say SOL will rise to $45.35 by the end of 2023, supported by the partnerships and developments on its network. Hence, SOL is a good crypto to buy now.
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