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Home > News

Published: 18/03/2024

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Author: Kane

What is Book Of Meme? Information about BOME Token?
Book of Meme - a memecoin project on Solana that caused a sensation by being listed on Binance within 3 days of its launch. So what is Book of Meme? Is the BOME Token worth investing in? Let's find out right away!

Azcnews Breaking
Table of Contents
What is Book Of Meme?
BOOK OF MEME (BOME) marks the emergence of a new generation memecoin project by combining elements of memecoin, social media, and developing a digital storage repository for memes.

The project’s goal is to revolutionize the operations of the Web3 cultural market by integrating memes, decentralized storage models, and minimizing unreliable transaction activities. Specifically, the project is utilizing the BOME meme token on Solana along with technology from Arweave and IPFS to develop the primary storage location for BOOK OF MEME. Additionally, the project plans to expand in the future to utilize Bitcoin Inscription for long-term storage.

Interface (41)

BOME functions as a representative organization for the continuous development of meme culture, encapsulated within a digital collection known as the “BOOK OF MEME,” ensuring the perpetuity of each artwork on the blockchain.

Book of Meme with the BOME token has created a historic frenzy as within just 2 short days, the project has been listed on both Spot and Future markets on the Binance exchange and rapidly achieved a market capitalization of $1 billion. Book of Meme has truly propelled the development of Memecoin in the current period (late Q1/2024).

Related: Binance Announces Listing of Book of Meme (BOME)

What is BOME Token?
BOME Token Key Metrics
Token Name: Book Of Meme
Ticker: BOME
Blockchain: Solana
Standard: SPL
Total supply: 69,000,000,420
BOME Token Allocation
Community: 20%, gradually released over 3 months.
Liquidity Pool: 30%
Pre-Sale: 50%
Development Team
Dev Book Of Meme

The development team of BOOK OF MEME receives support from Darkfarms, the artist behind the Pepe the Frog meme.

Project Information
Website
Twitter
Read More
#BOME
#Book of Meme
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Avatar of Muhammad Irfan Ali Ali
Muhammad Irfan Ali Ali
18/03/2024 at 5:14 am
Very nice project

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Anonymous
18/03/2024 at 9:41 am
Great project

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Published: 18/03/2024

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Author: Leexim

The ETH Supply Reaches Lowest Level Since August 2022
Ethereum's Dencun upgrade is proving to be highly successful, resulting in a substantial decrease in the supply of ether on the network.

Azcnews
This past week, Ethereum made history with the release of the long-awaited Dencun upgrade to the mainnet, bringing a sense of relief and excitement to the user community. This upgrade is designed to mark an important step in the network’s expansion strategy, promising to enhance the scalability of the Layer 2 chain and usher in a new age of use cases.

Now, with the birth of Dencun, the Ethereum network has begun to reap the benefits of the sudden decrease in ether supply.

Ethereum’s latest upgrade, Dencun, left a strong impression in its first week of launch, especially in terms of reducing the total supply of ether. According to information from CryptoQuant, by midweek, the total ether supply had dropped to its lowest level since August 2022.

The last time ether’s supply decreased like this was during Ethereum’s most important moment, when the network switched from the original proof-of-work consensus to proof-of-stake, also known as Consolidation.

Ethereum Total Supply
Ethereum Total Supply
Over the past month, ether supply has decreased by 0.872%, which is the fastest decrease since May 2023. In contrast, since The Merge, the rate of decrease has been only 0.246%.

This rapid decline can be explained by daily transactions on Ethereum hitting record levels, with an average of over 1.2 million transactions, leading to more transaction fee burns and subsequently, total supply reduced.

Additionally, as of August 2022, more than 1.56 million ether were burned, while only 1.12 million ether was issued, resulting in a net decrease of more than 446,000 ether, or nearly 1.62 billion USD at current price.

Related: Ethereum Dips Below $4000 But Signals Remain Positive

If Ethereum continues to remain active and ether supply continues to decrease, this could lead to a significant growth in the token’s price. At this time, the price of Ethereum surpassed the $3600 mark.

Why is this important?
The Dencun upgrade marks the biggest step forward the Ethereum network has taken since The Merge. With a commitment to significantly reduce costs for the Layer 2 chain, coupled with a sharp increase in network activity and a decreasing ether supply, it can be expected that the price of Ethereum will continue to increase.

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Published: 18/03/2024

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Author: Kane

Founder of NFT Collection Milady Targeted by Hacker Attack
Milady is said to have had many NFTs liquidated and lost 1 million USD transferred to another address.

Azcnews Breaking
Krishna Okhandiar, also known as Charlotte Fang, the creator of the popular NFT collection Milady, fell victim to a hacker attack after transferring a significant amount of ETH and NFTs to a liquidation wallet address.


Information about the incident was posted by the Dumpster DAO account on X, sharing screenshots of messages from Charlotte saying “I’m exhausted,” along with a link to the address receiving assets related to Remilia. Remilia is a decentralized autonomous organization (DAO) associated with the Milady Maker collection.

Tracking the on-chain transactions, this wallet address liquidated some NFTs related to Milady, including staked NFTs, and transferred 1 million USD worth of ETH to a secondary wallet address. Currently, this wallet still holds nearly 1 million USD worth of ETH and some other tokens.

However, the origin of the hack remains unclear. The blockchain security company Peckshield identified a previous transaction from Remilia’s treasury wallet to the hacker’s wallet.

This isn’t the first time Milady has faced issues. In September 2023, Fang announced that a developer had left Remilia Corporation. According to Fang, Milady was also hacked for 1 million USD in fees from three accounts, including Miladymaker, Remilionaire, and Remiliacorp.

Milady Maker, launched in 2021, is a collection of 10,000 NFTs featuring chibi-style female characters designed by Fang. In May 2023, Milady gained attention from Elon Musk on social media. The “Musk effect” significantly increased the price of Milady NFTs from 3.8 ETH to 7.8 ETH each.

Related: Magic Eden Launches NFT Collection on Ethereum

Impact of the NFT Milady transaction attack
Alongside the NFT liquidation and the transfer of 1 million USD worth of ETH, trading volume for Milady NFTs dropped by 80% in the past 24 hours, but prices remain stable around 3.6 ETH.

Volume Nft Milady
Volume Nft Milady
Cyberattacks continue to pose a significant threat to the cryptocurrency market, particularly in the decentralized space. In 2023 alone, hacks and scams caused nearly 2 billion USD in losses, according to Immunefi’s statistics.

Read More
#Milady
#NFT
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News | Editor Choice | NFT 18/03/2024

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Published: 18/03/2024

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Author: Leexim

Solana DeFi TVL Skyrockets by 80% in One Month
Despite the overall market downturn, demand for SOL remained resilient, driving Solana's DeFi TVL to soar by more than 80% in the past month.

Azcnews (1)
The DefiLlama data reveals a remarkable surge of over 80% in the Total Value Locked (TVL) of Solana’s decentralized finance (DeFi) ecosystem over the past month. This impressive growth has propelled Solana’s DeFi TVL to its highest point in two years, currently standing at $3.8 billion. Among the top 5 DeFi networks by TVL, Solana ranks as the blockchain with the highest growth rate in the past month.

The surge in Solana’s TVL over the past month can be attributed to a significant increase in trading volume on Layer 1 (L1) DeFi protocols within the network. Since the beginning of the month, the total daily trading volume recorded on these protocols has surged by 125%. In fact, on March 15th, trading volume on Solana’s DeFi reached its highest level in years at $3.7 billion.

The network’s total fees reached $3.61 million on March 16th, marking the highest daily fee collection since its inception. Revenue generated from these fees amounted to $1.6 million, representing the network’s highest daily revenue.

Blockchains ranked by DeFi TVL

Source: DefiLlama

Related: Ethereum and Solana Follow Bitcoin’s Trend

SOL Challenges Market Trajectory
At the time of writing, SOL has traded hands at $187. According to CoinMarketCap data, the altcoin’s value has surged by 72% over the past month. While the rest of the market grapples with price reversals, SOL bucks the trend as optimism grows. Analysis of its daily chart movement indicates a stable increase in demand for SOL.

Solana DeFi

Source: DefiLlama

For instance, the On-Balance Volume (OBV), which tracks buying and selling pressure of the coin, is showing an upward trend at press time. At 591.42 million at the time of reporting, SOL’s OBV has surged by 16% since the beginning of March. When a coin’s OBV witnesses such growth, it indicates increasing buying momentum.

SOL/USDT 1-Day Chart

Source: TradingView

The rising trend in SOL’s Chaikin Money Flow (CMF) further confirms this growth. This indicator measures the flow of money into and out of an asset. Currently standing at 0.27, up from 0, SOL’s CMF indicates a growing influx of liquidity into the market.

Read More
5.0/5

(1 vote)
Avatar of Lucien Razafindrafeno
Lucien Razafindrafeno
18/03/2024 at 4:24 am
Thanks for your support ofduty

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News | Editor Choice | NFT 18/03/2024

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Published: 18/03/2024

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Author: Leexim

Solana DeFi TVL Skyrockets by 80% in One Month
Despite the overall market downturn, demand for SOL remained resilient, driving Solana's DeFi TVL to soar by more than 80% in the past month.

Azcnews (1)
The DefiLlama data reveals a remarkable surge of over 80% in the Total Value Locked (TVL) of Solana’s decentralized finance (DeFi) ecosystem over the past month. This impressive growth has propelled Solana’s DeFi TVL to its highest point in two years, currently standing at $3.8 billion. Among the top 5 DeFi networks by TVL, Solana ranks as the blockchain with the highest growth rate in the past month.

The surge in Solana’s TVL over the past month can be attributed to a significant increase in trading volume on Layer 1 (L1) DeFi protocols within the network. Since the beginning of the month, the total daily trading volume recorded on these protocols has surged by 125%. In fact, on March 15th, trading volume on Solana’s DeFi reached its highest level in years at $3.7 billion.

The network’s total fees reached $3.61 million on March 16th, marking the highest daily fee collection since its inception. Revenue generated from these fees amounted to $1.6 million, representing the network’s highest daily revenue.

Blockchains ranked by DeFi TVL

Source: DefiLlama
Related: Ethereum and Solana Follow Bitcoin’s Trend

SOL Challenges Market Trajectory
At the time of writing, SOL has traded hands at $187. According to CoinMarketCap data, the altcoin’s value has surged by 72% over the past month. While the rest of the market grapples with price reversals, SOL bucks the trend as optimism grows. Analysis of its daily chart movement indicates a stable increase in demand for SOL.

Solana DeFi

Source: DefiLlama

For instance, the On-Balance Volume (OBV), which tracks buying and selling pressure of the coin, is showing an upward trend at press time. At 591.42 million at the time of reporting, SOL’s OBV has surged by 16% since the beginning of March. When a coin’s OBV witnesses such growth, it indicates increasing buying momentum.

SOL/USDT 1-Day Chart

Source: TradingView

The rising trend in SOL’s Chaikin Money Flow (CMF) further confirms this growth. This indicator measures the flow of money into and out of an asset. Currently standing at 0.27, up from 0, SOL’s CMF indicates a growing influx of liquidity into the market.

Read More
5.0/5

(1 vote)
Avatar of Lucien Razafindrafeno
Lucien Razafindrafeno
18/03/2024 at 4:24 am
Thanks for your support ofduty

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News | Editor Choice | NFT 18/03/2024

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Arbitrum Shows Signs of Recovery Amid Whale Movement

After the unlocking event of approximately 8.95 million ARB tokens worth $16.4 million, the price of ARB sharply declined to $1.62.

Azcnews Breaking
News | Altcoin | Editor Choice | Research 18/03/2024

What is Book Of Meme? Information about BOME Token?

Book of Meme - a memecoin project on Solana that caused a sensation by being listed on Binance within 3 days of its launch. So what is Book of Meme? Is the BOME Token worth investing in? Let's find out right away!

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