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Daily Crypto News Dec 27, 2021: Top 3 crypto updates for today

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As 2021 nears its end, LUNA has been setting high benchmarks to continue in the New Year of 2022. LUNA crosses a TVL of $35 billion. It is more than that of BSC as well as AVAX. 

According to the latest reports by DappRadar, 50% of the usage of blockchain technology comes from Blockchain gaming. Millions of unique active wallets joining the sector have made it the most popular sector for the blockchain industry. What does it mean for blockchain gaming in the coming year of 2022? Are you also a blockchain gamer? Read more on this in detail below. 

Terabithia, a cross-chain bridge between Internet computers and Ethereum will allow the transfer, monitoring, and communication of assets on both contracts across the two different networks. This will let the ERC-20 assets exist natively on the ICP network. More on this below. 

Quick Crypto News Roundup! 

Daily Crypto News  Dec 27, 2021

Ethereum competitor, LUNA crosses $35 Billion market cap

Ethereum’s competitor Terra (LUNA) surpasses a TVL of $35 billion. It has surged by 123% in the last 30 days. This news comes after LUNA recently created a new ATH. According to DeFi Llama Terra (LUNA’s), TVL is ahead of the Binance Smart Chain ($16.9 billion) and that of an avalanche which stands at ($12.68 billion). 

Wondering which to choose LUNA coin or AVAX token? Here is a detailed comparative analysis of LUNA Vs AVAX

Source: Aliens.com

Blockchain industry’s 50% usage comes from games 

Wondering what is the leading category in the blockchain industry? Well, it’s none other than blockchain gaming. With more than 1.4 million Unique active wallets becoming a part of the blockchain games every day, it has surpassed DeFi. This was recently released in a report to the BGA Blockchain Game Report 2021 by DappRadar. 

While gaming DApps were responsible for 48% of the total blockchain industry usage, NFTs recorded a trading volume of $4.5 billion resulting in 20% of the year’s total NFT sales. 

Quarter 2 saw a surge in activity around GameFi and plat-to-earn dapps the real explosion was seen in August when blockchain games surpassed DeFi as the most-used category within the industry. 

Read more about Blockchain gaming surpassing DeFi in 2021 and what 2022 has in store for this category in detail. 

Source: Aliens.com 

Dfinity’s Internet Computer opens Ethereum Bridge 

Now, Ethereum-based assets can natively exist on Internet Computer with the help of a new cross-chain bridge. The new cross-chain bridge that connects Ethereum with Internet Computer will let ERC-20 tokens exist natively on the latter’s network. It was revealed by the developers behind the bridge. 

The bridge is known as Terabithia and allows cross-chain contract communication, transfer as well as monitoring of assets across different chains. It has been developed on a forked version of Ethereum called StarkWare that allows contracts on both the chains to communicate and mirror. 

Read more about the cross-chain bridge between ICP and ETH in detail. 

Source: Coindesk

Crypto Market Trend December 27, 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 27, 2021)  Change in % 
Theta Token (THETA) ₹461.43 15.21%
Ziliqa (ZIL) ₹6.52 14.37%
Uniswap (UNI) ₹1505.85 13.31%

*Prices are latest by 12 PM December 27,2021.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 27,  2021)  Change in % 
The sandbox (SAND) ₹523.20 2.51%
Curve (CRV) ₹449.24 1.63%
Tether (USDT) ₹78.65 0.81%

*Prices are latest by 12 PM December 27,2021.*

DCX News 

It’s Christmas already and the year 2021 is coming to an end. CoinDCX wanted to load your year-end holidays with goodies and treats. The New Year Countdown Carnival has already begun and is loaded with a Voucher basket worth up to INR 2000! Read about New Year Countdown Carnival in detail.

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