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Daily Crypto News Dec 26, 2021: Top 3 crypto updates for today

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2021 indeed has been a year full of broken records and new benchmarks. After the NFT and crypto boom around the globe, another crypto niche that increased its trading volume by 858% in a year is the Decentralized exchanges. According to the reports, the DEX market saw more than $1 trillion in trading volume. 

Telegram has resumed its officially discarded project of TON and has rebranded it as Toncoin. According to Telegram’s CEO, this blockchain project is way ahead of its peers in terms of scalability and speed. Does that mean we shall have a new coin added to our portfolios by the next year? 

Meta is all decked up to venture into the sector of NFTs and DAOs in the coming year of 2022. This was revealed in one of the letters sent by Meta’s CTO to its employees. What does Meta have in store for us? Read below in detail. 

Quick Crypto News Roundup! 

Daily Crypto News  Dec 26, 2021

Decentralized exchanges saw more than $1 trillion in trading volume 

According to reports from Decentralized exchanges across the crypto market, there has been an increment in the trading volume by more than $1 trillion in 2021. 

This is a huge figure as there has been an increment of 858% since the previous year of 2020. These data are based on a report generated on December 23. The amount facilitated by DEXs in the previous year was more than $115 billion. The overall monthly trading volume increased in May 2021 to $162.8 billion. According to The Block’s Research’s Digital Asset Outlook report, the most considerable month-to-month growth was seen in January by 137.3%. 

Read about DEXs trading volume increment in 2021 in detail. 

Source: The Blockcrypto.com

Telegram verified payment bots shall accept Toncoin cryptocurrency

Telegram Co-founder CEO Pavel Durov has expressed his excitement regarding Telegram Open Network (TON) which is being resumed after Telegram officially abandoned the project last year. 

According to Durov’s Telegram post, TOM is way ahead of its blockchain peers when it comes to scalability as well as speed. However, there has been rebranding around the project and will now be called Toncoin. It is also independent of Telegram, unlike the previous project. 

Read more about Toncoin in detail. 

Source: Cointelegraph

Facebook’s Meta ready to explore NFTs and DAOs in 2022 

Meta’s CTO presented a new plan for the Social networking sites’ blockchain adoption. He is reportedly inclined towards deep compatibility blockchain technology. In one of his notes to employees, he laid out the vision for the social networking site to adapt and work with different blockchain as well as crypto technologies. 

Read more on Meta’s NFT and DAO ventures planned for the new year of 2022. 

Source: Aliens.com

Crypto Market Trend December 26, 2021 

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by December 26, 2021)  Change in % 
Cosmos (ATOM) ₹2364.55 10.71%
The sandbox (SAND) ₹537.93 8.88%
Curve (CRV) ₹458.76 7.98%

*Prices are latest by 12:30 PM December 26,2021.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 26,  2021)  Change in % 
Chromia (CHR) ₹63.82 7.76%
Year.finance (YFI) ₹24,40.726.38 6.1%
Uniswap (UNI) ₹1333.51 4.56%

*Prices are latest by 12:30 PM December 26,2021.*

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