2021 was the year of DeFi, decentralized exchange (DEX), NFTs as well ass blockchain gaming. With the increased adoption of cryptocurrency, the benefits of this trustless system have been noticed around the globe. Decentralized exchanges also saw a surge in their trading volume. Osmosis, a cosmos-based DEX has recently surpassed $1 billion TVL. It grew by 7.77% in 24 hours and 33.74% within a week. Read more in detail below.
OpenSea has jumped into a new adventure of the encrypted digital marketplace. It has raised $300 million in a Series C funding round led by Paradigm and Coatue. The total valuation of the company has surpassed $13.3 billion.
Samsung is all decked up to partner with Cardano-powered blockchain platform Veritree to combat climate change and promote a healthier planet. It aims to plant 2 million trees in the territory of Madagascar in the first quarter of 2022.
Quick Crypto News Roundup!
Daily Crypto News Jan 6, 2022
Osmosis, a cosmos-based DEX breaks $1 billion in locked value
The total value (TVL) locked on Osmosis decentralized exchange (DEX) surpassed $1 billion yesterday. This was reported by the finance metric platform DeFi Llama. Osmosis DEX is a part of the Cosmos ecosystem. The DEX has seen rapid growth over the past week. According to reports, the TVL on osmosis increased by 7.77% in the last 24 hours which amounted to 33.74% in the past week.
However, despite all the growth Osmosis is yet to see a massive influx of new funds. Osmosis has been setting new personal records of daily trading volume which reached $95.5 million in 24 hours with its governance token OSMO hitting an all-time high of $7.84.
Read more on what is Osmosis DEX and its TVL hitting an ATH in detail.
Source: Cryptoslate
$300M raised by OpenSea for encrypted digital marketplace
The NFT marketplace OpenSea has gained momentum in the past few weeks. After the wide adoption of collectibles, in-game items, and metaverse, every big brand is jumping into the NFT space. To accelerate its vision, OpenSea also secured $300 million in Series C funding which was led by Paradigm and Coatue. With its recent investment, the value of the company has surpassed $13.3 billion. OpenSea noted that apart from Coatue and Paradigm there were new as well as old investors who participated in the funding.
Read more in detail about OpenSea raising $300M for its encrypted digital marketplace.
Source: Cointelegraph
Samsung to combat climate change with Cardano-Powered Veritree
One of the world’s leading tech companies, Samsung has partnered with a Cardano-powered blockchain platform to expand its wings in climate preservation efforts. It has partnered with Veritree to combat the harmful effects of climate change.
According to the blog post released by the company, it is launching a new project designed to support a healthier planet and a better climate. The company shall mobilize the growth and the conservation of 2 million trees by the territory of Madagascar. This activity will be carried out by the end of quarter 1 of 2022.
Read more in detail about Samsung’s venture for a better climate with Veritree.
Source: Cryptopotato
Crypto Market Trend January 6, 2022
Here is a quick summary of the top crypto gainers and losers for the day.
Top 3 Crypto Gainers
| Cryptocurrency | Price (latest by January 6, 2022) | Change in % |
| UMA(UMA) | ₹814.11 | 10.49% |
| Tether (USDT) | ₹80.53 | 1.21% |
| Binance USD (BUSD) | ₹80.54 | 1.22% |
*Prices are latest by 11:30 AM January 6, 2022.*
Top 3 Crypto Losers
| Cryptocurrency | Price (Latest by January 6, 2022) | Change in % |
| Axie Infinity (AXS) | ₹6292.37 | 16.23% |
| Chromia (CHR) | ₹58.82 | 15.85% |
| Loopring (LRC) | ₹141.71 | 14.84% |
*Prices are latest by 11:30 AM January 6, 2022.*
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