📊 Rating of decentralized exchanges by the number of monthly users

More than a million - only Raydium (Solana), Jupiter (Solana), Uniswap (multi-chain)

In honorable fifth place is STON․fi on the TON blockchain

📈Crypto_Ocean

Understanding Trading Fees

When buying or selling cryptocurrencies on an exchange, a small fee is charged to facilitate the trade. This trading fee, usually a percentage of the trade value, is an essential revenue stream for exchanges.

Let's break it down with an example. Suppose you want to buy 1 Bitcoin (BTC) on an exchange with a 0.5% trading fee. If the current price of BTC is $10,000, you'll need to pay $10,000 for the BTC plus $50 for the fee (0.5% of $10,000), totaling $10,050.

Trading fees are crucial because they:

- Enable exchanges to operate and maintain their platforms
- Cover costs such as security, customer support, and infrastructure
- Encourage responsible trading practices
- Help prevent market manipulation and abuse

By understanding trading fees, you can make informed decisions and avoid unexpected costs. Remember, trading fees are a small price to pay for the convenience and security of trading on a reputable exchange!

📈Crypto_Ocean

📊 According to Kaiko, not all cryptocurrency exchanges have benefited from the launch of spot bitcoin ETFs

Only Bybit has made noticeable progress, growing its market share from 8% to 16%

📈Crypto_Ocean

Unlocking the Power of Utility Tokens

In the world of crypto, utility tokens are a game-changer. Unlike security tokens, which represent an asset or investment, utility tokens facilitate specific functions or services. These tokens are essential for blockchain-based projects, enabling users to access exclusive features, products, or experiences.

Consider a blockchain-based video game, for instance. A utility token might be issued to purchase in-game items, such as weapons, skins, or power-ups. This token is not an investment but a key to unlocking specific functionalities within the game. By holding the token, players can access exclusive content, enhancing their gaming experience.

The importance of utility tokens lies in their ability to create new use cases and revenue streams for blockchain projects. By offering a utility token, developers can generate income through token sales, while users benefit from access to unique features and services. This token model has far-reaching potential, extending beyond gaming to industries like finance, healthcare, and social media.

📈Crypto_Ocean

When Is a Crypto Asset a “Security,” and Why Does That Matter? (Part 2)

The classification of cryptocurrencies as securities carries significant consequences for both issuers and investors. If a cryptocurrency is deemed a security under the Howey Test, the issuer and exchanges must obtain licenses from securities regulators, a process that can be complex and time-consuming.

This classification has been at the heart of numerous SEC lawsuits, including high-profile cases against Ripple and major crypto exchanges like Coinbase and Binance.

Case Studies and Legal Precedents-
One prominent example is the SEC's lawsuit against Ripple, accusing the company of illegally raising $1.3 billion through the sale of XRP. The Howey Test was central to this case, illustrating the SEC's rigorous application of securities laws to the cryptocurrency space. This approach underscores the potential for broad regulatory reach, with many cryptocurrencies and exchanges potentially facing similar scrutiny.

Howey Test and Initial Coin Offerings (ICOs):
ICOs, a popular fundraising method in the crypto world, are also subject to the Howey Test. Former SEC Chair Jay Clayton emphasized that tokens sold in ICOs often meet the criteria for securities. If an ICO leads investors to expect profits primarily from the efforts of the project's team or third parties, the tokens could be classified as securities.

The SEC's "Framework for the Investment Contract Analysis of Digital Assets" further highlights factors that might lead to such a classification, such as the speculative nature of many ICOs and their lack of utility. A notable case involved Kik's Kin token, where the SEC argued that the promise of substantial profits constituted an offering of securities

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Crypto Transaction Fees

When you send cryptocurrency, you'll encounter a small but important cost: the transaction fee. This fee is paid to miners, who collect and validate transactions into blocks. The fee amount varies depending on the cryptocurrency, transaction data size, and network congestion.

Think of it like sending a package: the bigger the package (transaction data), the more it costs to ship (higher fee). And if the postal service (miners) is busy (network congestion), they prioritize packages with higher shipping costs (transactions with higher fees).

Miners earn fees for the blocks they mine, in addition to the block reward. This incentivizes them to prioritize transactions with higher fees, ensuring faster processing and confirmation. Understanding transaction fees helps you navigate the crypto landscape and make informed decisions when sending cryptocurrency.

In short,transaction fees are a small price to pay for the convenience and security of cryptocurrency transactions.

📈Crypto_Ocean

"You will spend 40,000 hours of your life trying to make money, it's worthwhile to spend 100 hours figuring out how to keep it."

- Michael Saylor

📈Crypto_Ocean

Lost Bitcoin: Causes and Consequences

Bitcoin is considered lost when owners can no longer control their assets. This can happen for various reasons, such as losing private keys, sending Bitcoin to incorrect addresses, or abandoning wallets.

Causes of Bitcoin Loss

1. Private Key Compromise: Through hacks or scams.
2. Wrong Network: Sending Bitcoin to an incorrect blockchain.
3. Wrong Address: Mistakenly sending Bitcoin to an unintended recipient.
4. Damaged Wallets: Losing access due to wallet damage or corruption.
5. User Abandonment: Forgotten private keys or discarded hardware.
6. Inheritance Issues: No access to deceased owner’s keys.
7. Enforcement Actions: Government seizures.
8. Exchange Hacks: Theft from centralized exchanges.

Consequences of Lost Bitcoin

Lost Bitcoin contributes to its scarcity, increasing its value over time. The deflationary nature and growing institutional interest highlight Bitcoin’s role as a store of value, potentially leading to higher future prices. However, lost BTC represents a significant wealth loss for individuals.

While some lost Bitcoin might be recoverable through data recovery services or private investigators, prevention is key. Using cold storage, strong security practices, and personal control of private keys are essential for safe Bitcoin storage. Awareness of phishing scams and good password hygiene further protect Bitcoin holdings.

📈Crypto_Ocean

How Atomic Swaps Work?

Imagine exchanging cryptocurrencies without intermediaries, custodial risks, or excessive fees. Atomic swaps make this possible, enabling peer-to-peer transactions between users on different blockchains. This decentralized approach aligns with the ethos of DeFi, promoting security, efficiency, and trustless exchanges.

Key Benefits of Atomic Swaps

- No Centralized Exchanges: Eliminates the need for CEXs, reducing trading fees and custodial risks.
- Smart Contracts: Uses smart contracts and cryptography to ensure secure exchanges, making sure both parties meet predetermined requirements for a successful swap.
- Adoption by DEXs: This technology has been embraced by decentralized exchanges, setting a new standard for crypto trading.

For example,you want to exchange Litecoin (LTC) for Bitcoin (BTC) without using a CEX. With atomic swaps, you can directly exchange LTC for BTC, leveraging smart contracts to ensure a secure and trustless transaction. This pioneering technology has revolutionized crypto exchanges, promoting decentralization, security, and efficiency.Embrace the future of crypto trading with atomic swaps!

📈Crypto_Ocean

Fraudulent advertising has flooded the Internet.

- 45% of web traffic comes from bots.

- 11% of advertising budgets are spent on scam promotion.

- The number of scam ads increases by 17% in the fourth quarter (Christmas, Black Friday, Cyber Friday).

- 12.5% of links in search queries are scam.

The scam industry is gaining more and more extensive momentum. Be vigilant and don't trust anyone in the digital space.

📈Crypto_Ocean

The vast majority of TON addresses are on the plus side

According to IntoTheBlock statistics, the majority of Toncoin holders are now in the plus side, namely 90%.

Only 1% of addresses are in a loss. Approximately 9% of wallets remain in the break-even zone.

According to Ali Martinez's estimation, TON may well show itself and make a leap to $9. The growth will amount to about 12%.

The analyst reminds about the necessity of objective assessment of the situation.

It is necessary to track the interest and network indicators on futures.

This indicator reached $312.7 million on June 28 (according to CoinGlass).

The growth of interest on futures shows what traders are expecting at the moment.

Toncoin climbed to No. 8 in the crypto rankings, thanks to a rise of more than 8% to $7.69. Transaction volume on TON for amounts of $100,000 or more totaled just $32.7 million for the week.

📈Crypto_Ocean

Analysts have named the most popular noncustodial wallets.

Let us share this statistic with you. You can install any of these services and use them safely:

▪️ MetaMask — 22.66 million installations worldwide. We can say that MetaMask has become synonymous with the words “cryptocurrency wallet.”

▪️ Coinbase Wallet — 11 million installations.

▪️ Trust Wallet — 10.4 million installations.

▪️ Blockchain.com — 10 million installations.

All of these reliable wallets—just be very careful and only download them from official resources.

📈Crypto_Ocean

🔵 Ethereum just had its lowest hour of average gas prices since November 2016. Gas went as low as 1.1 gwei for a few blocks.

Do you have Ethereum in your Portfolio?

📈Crypto_Ocean