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HomeNewsSolana Exchange Hits £300M In Daily Milestone; Chainlink and Render Contender Expected...

Solana Exchange Hits £300M In Daily Milestone; Chainlink and Render Contender Expected to Surge

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In a thrilling development, a Solana-based crypto exchange, Backpack, has just smashed through a huge financial milestone. It’s a testament to how popular the Solana ecosystem is becoming – from fun meme coins to entire exchanges, everything’s starting to boom since the launch. Amid this exciting development, a new ICO is silently challenging the likes of Render and Chainlink. InQubeta is having a dream run in the ongoing presale, with over $10 million in funding. Let’s unravel these stories in detail.

Backpack Witnesses £300M volume in 24 hours

The Backpack exchange, initiated by the creators behind Solana’s Mad Lads executable NFT collection, witnessed a massive surge, hitting the £300 million mark within just 24 hours of its pre-season beta launch. This significant achievement is largely attributed to the success of the Mad Lads xNFT collection and the robust infrastructure provided by the Solana blockchain. Anndy Lian, a noted blockchain expert, highlighted Solana’s capabilities, stating, “Backpack Exchange leverages Solana, known for its speed and scalability, vital for decentralized applications and positioning Solana as a strong candidate for the future of decentralized finance (DeFi).” Within the initial 24 hours, Backpack recorded a remarkable 6,000 unique deposit transactions, indicating a strong market demand for innovative and top DeFi projects.

InQubeta: Bridging the Investment Divide

Amidst the backdrop of Solana’s success and the broader DeFi revolution, InQubeta emerges as a groundbreaking platform, addressing several critical challenges in the tech investment landscape. The global AI revolution is picking up serious pace, highlighting the urgent need for accessible tech investments. Traditionally, this has been a tough area to get into, with the position mostly held by venture capitalists and angel investors. This leaves retail investors and the unbanked on the sidelines.

InQubeta confronts this disparity head-on by democratizing access to AI startup investments. Through its innovative use of QUBE tokens for fractional investments, InQubeta opens up the previously exclusive world of tech startups to a wider audience. This approach not only aligns with the ongoing AI revolution but also ensures that the benefits of technological advancements are more evenly distributed.

InQubeta is shaking things up by bringing popular NFTs into the mix, using them as a new way to represent rewards or ownership in AI startups. It’s a fresh twist that merges the thrill of coolest NFTs with real, valuable investment chances.

Their ERC20 coin, QUBE, is used for all the dealings on their platform and its supply decreases with every transaction. This, along with the rewards you get for holding onto your QUBE, makes it a smart choice for anyone thinking about long-term investment. And there’s more on the horizon – once InQubeta introduces its Swap feature and a decentralized autonomous organization (DAO), you’ll be able to use QUBE for even more things, like paying fees and having a say in how things are run.

Conclusion

The Solana ecosystem is expanding at a rapid pace, and exchanges like Backpack are just an example of its rising popularity. People are not just moving toward scalable ideas but also fascinated by something new entering the market. This is especially true with InQubeta, which recently crossed a huge presale milestone. They’ve already sold over 800 million tokens in the presale, and everyone’s still buzzing from the success. Whether this will lead to long-term gains for investors is still up in the air, but the issue they’re tackling is definitely intriguing. Simplifying AI investments for everyone is a brilliant concept, and people often put their money into ideas that grab their attention. However, it’s important to do your own homework to make wise investment choices.

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Ralf
Ralf
Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: info@ethnews.com Phone: +49 160 92211628
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