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99% Crash in Shibarium Transactions, Will Ominous Trend Reverse in Uptober?
NFT Gaming

99% Crash in Shibarium Transactions, Will Ominous Trend Reverse in Uptober?

by admin October 1, 2025


Shibarium, the layer-2 scaling solution for Shiba Inu (SHIB), has finally crashed below 10,000 transactions in its daily count. The development signals a massive pullback by users relying on Shibarium as 99% inches toward a total halt.

Shibarium tale: “Bruised, not broken”

According to Shibariumscan data, the layer-2 total transaction count now stands at 7,500. This development is shocking to the SHIB community, considering the trajectory that Shibarium was on in the month of August. It was posting a daily average of between 1.2 million and 1.4 million and was well on the way to hitting significant milestones.

That momentum has totally faded, with few transactions still going on in the layer-2 ecosystem. This suggests adoption has dropped, and the push for a two billion transaction count has been derailed. Shibarium was previously on track to hit the milestone before the end of September, but there has been very little engagement recently.

Why Shibarium Will Survive and Come Back Stronger

Shibarium is bruised, not broken. The recent exploit and the drop in activity shook confidence, but they also lit the fire for a stronger rebuild. Survival in crypto is not about avoiding setbacks. It is about how you rise after… pic.twitter.com/DykjWelgAc

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) October 1, 2025

The total transaction count is currently 1,568,456,850. This slow growth has triggered concern in some quarters of the SHIB community, prompting reassurances from Lucie, the ecosystem’s marketing lead. In a post on X, Lucie assured the community that Shibarium is not dead.

According to Lucie, the recent setbacks on the layer 2 were caused by several factors, including a hack that exposed vulnerabilities. Lucie noted that despite the exploit, Shibarium is better as it allowed the team to fix the vulnerabilities with stricter validator controls.

She also stated that Shibarium now has better security and audits, making the system more trustworthy. Lucie argues that the setback has made the blockchain more resilient, and despite the slowed activity, it still has a solid infrastructure in place with the security to handle large transaction volumes.

“Shibarium is bruised, not broken,” Lucie stated.

She expressed optimism that Shibarium will stage a comeback, as pressure has been known to create strength. Lucie acknowledged the pivotal role of the SHIB army and their unflinching loyalty over the years. She noted that SHIB holders do not quit.

Could “Uptober” spark recovery?

With October generally referred to in crypto circles as “Uptober,” Shibarium might begin its recovery this month. Shiba Inu had its best performance in October with a monthly average growth of 171.2%; many holders anticipate a bullish October.

As of press time, Shiba Inu is changing hands at $0.00001224, which represents a 4.59% price increase in the last 24 hours. There has also been an uptick in trading volume by 9.33% to $193.05 million, a clear indication that SHIB is off to a good start in October.

How it sustains this and its effect on Shibarium remains something to watch out for in the coming days.





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October 1, 2025 0 comments
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Sei price chart
GameFi Guides

Sei price nears bearish breakout as transactions plunge 87%

by admin September 29, 2025



Sei price has crashed to an important support level and formed a descending triangle as the number of transactions and active addresses plunged in September.

Summary

  • Sei crypto price has formed a descending triangle pattern.
  • The number of transactions plunged by 87% in the last 30 days.
  • Sei’s unique active wallets fell by 20% in the same period.

Sei (SEI), a popular layer-1 network, plunged to the key support at $0.2645, its lowest level in August and September this year. 

Data compiled by Nansen show that the number of transactions plunged by 87% in the last 30 days to 57 million. This crash makes it one of the worst-performing chains in September.

The data show that active addresses dropped by 24% to 13 million. Also, fees dropped by about 12% to just $16,000.

Sei’s performance in the gaming market, where it dominates, also deteriorated. According to DappRadar, the number of unique active wallets dropped by 20% in the last 30 days to 13.45 million. 

More data shows that its total value locked plunged by 17% in the last 30 days. Most notably, Sei’s stablecoin supply dropped to $140 million, its lowest level since March and much lower than the year-to-date high of $296 million. 

Sei price technical analysis 

Sei price chart | Source: crypto.news

The daily timeframe chart shows that the Sei token price peaked at $0.3895 in July and then dropped to a low of $0.2645. It has crashed below the 50-day exponential moving average.

Sei crypto price has formed a descending triangle pattern whose support is at $0.2645. This is one of the most popular bearish continuation signs.

The Relative Strength Index has been in a downward trend. It has moved close to the oversold level of 70, while the MACD has moved below the neutral level.

Therefore, the token will likely have a strong bearish breakout, with the next point to watch at $0.1325, its lowest level this year. This target is about 50% below the current level. A move above resistance at $0.3500 will invalidate the bearish Sei price forecast.



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September 29, 2025 0 comments
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Circle Examines Ways to Reverse Transactions to Counter Fraud, Disputes: FT
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Circle Examines Ways to Reverse Transactions to Counter Fraud, Disputes: FT

by admin September 26, 2025



Circle Internet, (CRCL) is examining ways of reversing transactions involving its stablecoin, USDC, the Financial Times (FT) reported on Thursday.

The issuer of the second-largest stablecoin is “thinking through … whether or not there’s the possibility of reversibility of transactions,” the company’s president, Heath Tarbert, said in an interview with the newspaper.

Stablecoins, tokens pegged to the value of a traditional financial (TradFi) asset such as a fiat currency, are an important cog in the cryptocurrency machine, offering users a hedge against the volatility than can hit tokens like BTC$109,694.70 and ETH$3,960.01. They’re also finding popularity as a method for international payments. The sector has a market cap of about $300 billion, according to data tracked by CoinGecko. USDC alone has a market cap of $74 billion; market leader Tether’s USDT has $173 billion.

Tarbert said that allowing transactions to be refunded in case of fraud or disputes, similar to what is possible in TradFi, would help push stablecoins into the mainstream.

Such a development may rub certain crypto purists up the wrong way, because they consider settlement finality to be non-negotiable. Introducing the possibility of reversing transactions could rely on the the arbitration of a central authority, which many believe is antithesis of the decentralization that lies at cryptocurrency’s core.

“At the same time, we want settlement finality,” Tarbert said. “So there’s an inherent tension there between being able to transfer something immediately, but having it be irrevocable.”

Circle has been at the forefront of growing adoption of stablecoins in the U.S. this year following its successful initial public offering (IPO) in June.

The company did not immediately respond to CoinDesk’s request for further comment.



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September 26, 2025 0 comments
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A fairer test of what makes good money
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Cloudflare bets on NET Dollar stablecoin for global AI transactions

by admin September 25, 2025



Cloudflare is launching its NET Dollar stablecoin to serve as the fundamental payment layer for autonomous AI agents, enabling them to execute microtransactions at internet scale and speed.

Summary

  • Cloudflare unveiled NET Dollar, a U.S.-backed stablecoin designed to power payments for autonomous AI agents.
  • The stablecoin targets instant, global microtransactions, aiming to replace slow, costly legacy systems.

According to a press release dated Sept. 25, the infrastructure giant plans to introduce NET Dollar, a U.S. dollar-backed stablecoin designed specifically for the “agentic web.” Cloudflare bills the new digital currency as critical financial infrastructure for an internet where AI agents routinely conduct business on behalf of users. 

The company’s rationale hinges on the belief that legacy banking systems and even first-generation crypto payments are too slow and costly for the emerging machine-to-machine economy.

A stablecoin built for the AI agent economy

Cloudflare believes its global network, which already accelerates and secures a significant portion of internet traffic, is the ideal foundation for a payment system that must operate across countless currencies, geographies, and time zones without friction.

“By using our global network, we are going to help modernize the financial rails needed to move money at the speed of the Internet, helping to create a more open and valuable Internet for everyone,” Cloudflare CEO and co-founder, Matthew Prince, said.

According to the company, NET Dollar will enable instant, automated settlements for everything from paying an API for real-time flight bookings to compensating a supplier as quickly and reliably as the data is transmitted.

Prioritizing the AI-driven internet is a direct response to what Prince calls the limitations of the old web’s business model. He argues that decades of reliance on ad platforms and slow bank transfers have stifled innovation for creators and developers.

The company sees the rise of autonomous agents as the catalyst for a fundamental shift toward a pay-per-use internet. In this model, value is exchanged in tiny, incremental payments for specific services, a model legacy financial rails are structurally incapable of supporting due to speed and cost constraints.

Eyeing the bigger picture

Cloudflare is not operating in a vacuum. Its strategy acknowledges that interoperability is paramount. The company has announced it is contributing to open standards such as the Agent Payments Protocol and x402.

This places it alongside other major infrastructure players, notably Google, which is pioneering its own Agentic Payments Protocol (AP2). The parallel development of these protocols underscores a broader industry consensus: the agentic web requires a universal payment layer.

Google’s recent demo with Coinbase and Lowe’s, where an AI agent managed a complex home improvement purchase from consultation to stablecoin payment, serves as a proof-of-concept for this very future.



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September 25, 2025 0 comments
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Shiba Inu: Shibarium Adds 10,000 Transactions in Day, but Growth Still Flat
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Shiba Inu: Shibarium Adds 10,000 Transactions in Day, but Growth Still Flat

by admin September 21, 2025


Shiba Inu Layer 2 Shibarium has added 10,000 transactions more within the last 24 hours, but transaction growth still remains flatlined.

According to Shibariumscan data, daily transactions for Sept. 19 came in at 17,410, which remains much lower than the over 4 million experienced in late August but higher than Sept. 18’s figure of 7,110.

Taken from the Sept. 18 figure of 7,110, the daily transaction figure of 17,410 achieved in the past day marks an increase of 10,300.

On Aug. 21, Shibarium saw daily transactions of 4.69 million, after which it suffered a plunge to as low as 84,090 on Aug. 28. Since this date, Shibarium’s daily transactions have remained in thousands, however rising briefly to 1.26 million on Sept. 6 before declining again.

Transaction growth stalls in September

According to the daily transactions graph provided on Shibarium, it can be seen that transaction growth flatlined for most of September, except for a brief rise to 1.26 million on Sept. 6 and then 490,230 on Sept. 7, as well as 150,810 on Sept. 3. For other days, the transaction count remained less than 20,000.

September is deemed a weak month for cryptocurrencies and the general markets; however, it remains uncertain if the drop in Shibarium transactions might have been due to the bearish September seasonality sentiment. The recent Shibarium bridge exploit, following which stake/unstake functionality was paused on the platform, might have also contributed to this sentiment.

This stall in transaction growth has impacted total transaction count, which is currently at 1,568,294,633, as it hasn’t seen an exponential increase since September’s start.

According to Shibariumscan data, Shibarium’s total blocks have surpassed 13 million, with the most recent count at 13,163,462. Total addresses now stand at 272,485,122.



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September 21, 2025 0 comments
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Ethereum Hits 27M Daily Transactions, When Will Ecosystem Unite?
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Ethereum Hits 27M Daily Transactions, When Will Ecosystem Unite?

by admin September 20, 2025



The Ethereum ecosystem made history on September 19, processing 27 million transactions in a single day, surpassing major European payment systems and positioning itself closer to mainstream finance. The record coincided with Vitalik Buterin unveiling a roadmap in Japan, aimed at scaling Layer 1 (L1), unifying Layer 2 (L2), and securing Ethereum’s long-term dominance.

The data from growethpie reveals that L2 solutions like Arbitrum, Optimism, Polygon, and Base carried the bulk of the load with 25 million transactions, while the coin mainnet accounted for just two million. 

According to data shared by Onchain Foundation’s Leon Waidmann, daily transaction volumes now exceed those of the UK’s Faster Payments and Germany’s Girocard, while the network hosts $90.7 billion in Tether (USDT).

Breaking records while Vitalik maps future upgrades

While the record-breaking transaction volume are signs of success, it also amplifies the critical challenge addressed by Vitalik Buterin at the Japan Developer Conference. In his address, Buterin outlined Ethereum’s roadmap, with a key focus on moving beyond the current “disorganized” state of the L2 chains.

The currency L2 boom has created a collection of thriving but largely disconnected islands. Each network from Arbitrum and Optimism to zkSync and base is a bustling activity hub compared to the L1 chain itself. However, moving assets and users between them remains a complex and costly process. This leads to a series of issues:

  • Fragmented liquidity: Capital is soiled within individual L2, making it difficult for decentralized applications (dApps) to access deep liquidity pools and for users to move assets to a where they can find the best returns.
  • Poor User Experience: For the average user, navigating the ecosystem requires complex cross chain bridges, each with its own security assumptions, withdrawal times and transaction fees.
  • Centralization Risk: Many of the largest L2s rely on single, centralized “sequencer” to process and batch transactions. While efficient, this introduces a single point of failure and potential for censorship.

One of Buterin’s goals is to achieve trustless and seamless interoperability between L2s. Instead of a series of isolated kingdoms, the goal is to build a single interconnected financial and application layer on top of Ethereum’s base security. 

Ethereum price reacts to growing activity

The market has already responded to the network’s growing activity. Between May and September, Ethereum (ETH) price more than doubled (rising from $2,205 to $4,440), highlighting the network’s central role in crypto payment flows.

Beyond payment use cases, Ethereum Foundation is also developing applications for the AI economy through a new “dAI Team” focused on building a decentralized stack. Long-term research priorities include quantum resistance, formal verification, and advanced cryptography aimed at strengthening the protocol against future security challenges.

The surging volume on the Ethereum ecosystem indicates that the world is  ready to transact on a scalable Ethereum. Buterin’s comments serve as a timely reminder that the next phase of innovation is not just about scaling individual networks, but about building the infrastructure to unite them.

Also read: Ethereum Fusaka Hard Fork Set to Go Live in December



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September 20, 2025 0 comments
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Midjourney/Modified by CoinDesk
NFT Gaming

Monero Suffers Deepest-Ever Blockchain Reorganization, Invalidating 118 Transactions

by admin September 15, 2025



Monero’s blockchain experienced an 18-block reorganization on Sunday, its deepest to date, that effectively invalidated 118 confirmed transactions by rolling back 36 minutes of transaction history.

The reorg began at block height 3,499,659 when Qubic, a lesser-known AI-focused layer-1 blockchain, unleashed a longer chain that Monero’s network nodes accepted, orphaning the other chain’s previously confirmed blocks.

The move is the latest escalation in a campaign by Qubic, which last month acquired more than half of Monero’s mining power. Qubic leverages a “useful proof-of-work” (uPoW) model that repurposes XMR mining rewards and converts them into USDT, which is then used to buy back and burn QUBIC tokens.

Despite the rollback, XMR’s price defied expectations, climbing to a two-month high of $333 after the attack, before seeing a slight drop to $307.5 at the time of writing. The cryptocurrency is still up more than 6.4% in the last 24 hours, while its daily trading volume jumped 78% to $136 million.

“Personally, I don’t consider the Monero network reliable at this point,” said Vini Barbosa, a crypto commentator on X, adding that he would stop accepting XMR payments until the issue is resolved.

“In the last 720 blocks (~24h), 213 blocks have been orphaned (114 produced by known pools and 99 produced by unknown pools or solo miners). That’s 29.5% of all blocks,” Vini added. “This is just too much.”

The attack may force the Monero community to make difficult decisions. One proposed solution involves using DNS checkpoints, trusted snapshots of the blockchain, to counteract future reorganizations.

Critics argue this would compromise the network’s decentralization. On GitHub, crypto researcher Rucknium pointed out that the temporary rollout of DNS checkpoints is highly likely to soon be deployed.



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September 15, 2025 0 comments
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Monero Suffers 18-Block Reorganization, 118 Transactions Reversed
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Monero Suffers 18-Block Reorganization, 118 Transactions Reversed

by admin September 14, 2025



Monero (XMR), the privacy-focused cryptocurrency, has just gone through its biggest blockchain shake-up yet. On September 14, network monitors reported an 18-block reorganization that wiped out 118 transactions. Independent analyst Xenu called it “the largest reorg in Monero’s history,” raising fresh questions about how secure and reliable the network really is.

A blockchain reorganization happens when miners can’t agree on which version of the ledger is correct. The network just goes with the longest chain and drops the shorter ones. 

In Monero, miners had to choose between chains, so some transactions that looked confirmed ended up getting canceled. This can cause problems like double-spending, slow transactions, and confusion for anyone taking XMR.

Qubic’s Mining Role

The episode has put the spotlight on Qubic, a rival blockchain project that controls a large portion of Monero’s mining power. Mining Pool Stats show Qubic controls 2.11 GH/s of Monero’s 6.00 GH/s hashrate, making it the largest single contributor. Earlier this year, critics accused Qubic of attempting a 51% attack on Monero. 

Qubic founder Sergey Ivancheglo added to speculation with a post on X, stating Monero “will stay because Qubic wanted it to stay.” Analysts interpret this as a demonstration of influence rather than financial gain.

Xenu, citing Monero developer Sech1, noted that Qubic’s strategies, such as selfish mining, have caused inefficiencies, including a 43% orphan rate, reducing mining rewards.

Expert Warnings

Security experts warn the threat remains. Co-founder of SlowMist, posted, “If no one in the Monero community takes the issue of block reorganization seriously, then this Sword of Damocles will always hang over Monero’s head… It may not necessarily carry out a double-spend attack, but having this capability… It doesn’t even have to strictly exceed 51% of the hash power.”

Exchanges are responding cautiously. Kraken suspended XMR deposits and later raised required confirmations to 720, up from the usual 10, reflecting concerns about network trust. 

The reorganization has already affected Monero’s market, contributing to past price drops of over 5% in 24 hours and more than 14% in a week during previous events. Analysts say repeated reorganizations could erode confidence in Monero if mining concentration is not addressed and stronger security measures are implemented.

Also Read: Linea Network Resume Block Production After a 46-Min Halt



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September 14, 2025 0 comments
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hack-massif-transactions-crypto-compromises
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Hack massif : vos transactions crypto compromises ?

by admin September 9, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Un vrai film d’horreur pour les investisseurs : un malware malin s’incruste dans vos outils et remplace l’adresse de destination au moment d’envoyer vos cryptos. Vous signez, tout a l’air normal et vos fonds partent chez le pirate. Irrécupérables. L’attaque a été traquée dans des packages NPM vérolés, preuve qu’une simple brique de la chaîne logicielle peut ouvrir une brèche gigantesque.

Oui, la régulation progresse et l’adoption grimpe, mais ce coup de semonce rappelle une réalité brute : la crypto, c’est top, si vous êtes carré. Le risque est bien là, et c’est pour ça que certains projets bossent dur pour remettre la sécurité au centre et rassurer les utilisateurs. On décortique l’attaque, puis focus sur deux initiatives qui veulent rendre la crypto plus sûre, plus simple, plus fiable.

Un malware qui remplace vos adresses crypto

Le hack mis au jour repose sur une méthode aussi simple qu’efficace : modifier les adresses de destination lors des transferts crypto. L’utilisateur pense envoyer ses fonds à un proche ou à un exchange, mais l’adresse est automatiquement remplacée par celle du pirate.

Le pire ? L’attaque est invisible à l’œil nu : tant que vous ne vérifiez pas manuellement chaque caractère, la transaction part mais pas au bon endroit.

Un type de hack, basé sur la supply chain logicielle, qui montre, malheureusement, que la menace ne vient pas toujours d’une faille blockchain, mais bien des outils annexes (plugins, bibliothèques, applications). La leçon est claire : il faut redoubler de vigilance avant de signer une transaction, même sur des plateformes réputées fiables.

Pourquoi cet incident inquiète autant

Ce n’est pas un “accident de parcours”. Ce hack met à nu une faille de fond dans la crypto. Plus l’argent afflue, plus les attaquants se professionnalisent et visent des maillons inattendus de la chaîne. Les devs encaissent en première ligne mais c’est l’utilisateur final qui paie la note.

Avec les ETF BTC/ETH et le retour des capitaux institutionnels, la sécurité devient un sujet vital. Chaque incident ronge un peu plus la confiance du grand public et sert d’argument aux régulateurs les plus durs. D’où l’urgence de projets security-by-design : des protections intégrées dès le cahier des charges, pas bricolées après coup, pour protéger l’utilisateur par défaut.

Bitcoin Hyper ($HYPER) : la Layer 2 qui sécurise et accélère Bitcoin

Bitcoin Hyper ($HYPER) est pensé comme une évolution de Bitcoin. Construit en Layer 2, il s’attaque aux limites historiques du réseau : lenteur, frais élevés et impact énergétique. Grâce à son consensus Proof-of-Stake, $HYPER propose des transactions quasi instantanées, à faible coût et plus écologiques, lui permettant de figurer parmi les meilleures crypto de 2025.

Tokenomics

  • Supply : 21 milliards de tokens (x1000 par rapport à Bitcoin).
  • Répartition : 30 % trésorerie · 25 % marketing · 5 % rewards · reste pour dev + écosystème.
  • Prévente : déjà +13 M$ levés, sans allocations VIP, preuve de transparence.

Utilité

Le $HYPER sert à régler les frais réseau, à sécuriser les ponts inter-chaînes, et permet de staker avec des rendements pouvant atteindre 80 % APY. Un DAO de gouvernance doit bientôt donner la main aux utilisateurs sur les décisions stratégiques. Audité par CoinSult et Spywolf, le projet se présente comme une version boostée et sécurisée de Bitcoin, taillée pour le Web3.

Best Wallet Token ($BEST) : la sécurité au cœur des transactions

Best Wallet ($BEST) n’est pas “juste” un wallet : c’est une plateforme complète pensée pour simplifier et sécuriser chaque geste de l’utilisateur. Des malwares peuvent détourner vos fonds en douce, alors $BEST mise sur une infrastructure robuste et des parcours clairs pour sécuriser chaque transfert du début à la fin. L’un des meilleurs altcoins a de quoi vous rassurer.

Tokenomics (clair et net)

  • $BEST est le cœur de l’écosystème : il alimente les frais de service, les récompenses de staking et débloque des fonctionnalités avancées.
  • Offre limitée pour entretenir la rareté.
  • Une part dédiée au développement, à la communauté et aux partenariats pour accélérer l’adoption.

Utilité (ce que ça change pour vous)

  • Un wallet qui combine sécurité renforcée, UX fluide et outils Web3 sans prise de tête.
  • Staking attractif, suivi multi-chaînes, récompenses pour les utilisateurs actifs.
  • En mettant la sécurité au centre, Best Wallet se pose en réponse concrète aux hacks qui minent l’industrie. Pour des transactions plus sereines et une expérience vraiment fiable.

Conclusion

C’est un rappel violent, la sécurité reste le point faible de la crypto. Les pirates innovent à une vitesse folle, souvent plus vite que les régulateurs, parfois même que les devs. Mais tout n’est pas noir. Des projets comme Bitcoin Hyper ($HYPER) (Layer 2 plus fluide et plus sûre) ou Best Wallet ($BEST) (protection utilisateur au centre) montrent que l’écosystème sait contre-attaquer.

La leçon pour les investisseurs :

  • Vigilance quotidienne : vérifiez l’adresse à chaque envoi, verrouillez vos wallets, mettez à jour vos outils.
  • Priorisez le “security-first” : suivez les projets qui intègrent la sécurité dès la conception.

Au-delà des promesses, la vraie richesse à long terme est simple : des fonds en sécurité.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 9, 2025 0 comments
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Nigeria Tops Africa In Stablecoin Transactions At $22B
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Nigeria Tops Africa in Stablecoin Transactions at $22B

by admin September 1, 2025



between July 2023 and June 2024. This makes Nigeria the biggest stablecoin market in sub-Saharan Africa, according to a new report by Yellow Card. 

As per the report, almost half of all crypto activity in the region—43%, now comes from stablecoins. Besides, other countries such as South Africa, Kenya, Ethiopia, Ghana, Uganda, and Zambia are experiencing rising adoption. South Africa posted 50% monthly growth since October 2023, showing demand for stability amid volatile currencies.

Growth Drivers Across Africa

Stablecoins are taking the lead over Bitcoin as the go-to digital asset in Africa. According to Yellow Card, 99% of their transactions now involve stablecoins. USDT is at the front, holding an 88.5% market share, while USDC comes in second at 9.9%. 

The report also reveals that 70% of users turn to stablecoins for personal purposes like saving and sending money home, while the other 30% use them for business transactions. Sharon Tum, Yellow Card’s Regional Manager for East Africa, provided a better explanation of this trend.

She said, “Stablecoin adoption is accelerating among businesses for three clear reasons: faster cross-border settlements, reduced FX costs, and hedging against currency volatility.”

Consequently, integration with existing systems has boosted adoption in Kenya. Peter Mwangi, Yellow Card’s Kenya Country Manager, pointed to mobile money. “The country’s strong mobile money infrastructure, especially M-Pesa, allows for easy stablecoin integration,” he said.

Local Innovation and Regulation

Nigeria is also exploring homegrown stablecoin options. Roqqu recently listed the compliant Naira (cNGN), pegged 1:1 to the local currency, according to a report by Techcabal. Other exchanges like Busha and Quidax are already on board with the token. 

Emmanuel Peter from Roqqu highlighted the grassroots adoption, stating, “A currency isn’t truly a currency unless the people embrace it.” 

Meanwhile, regulators are getting involved with well-structured programs. Nigeria’s SEC recently teamed up with Kenya’s School of Government, Busha, and Cambridge to roll out a digital assets course. 

SEC Director General Emomotimi Agama noted that the purpose of this initiative is to prepare leaders so that they can manage assets “with assurance instead of precaution.” 

Across the continent, economies face the challenges of slow payments, high remittance charges, and the lack of proper currency protection. Africa is now looking toward stablecoins to help solve these issues.

Also Read: UAE’s RAK Properties To Accepts Crypto for Real Estate Purchases



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September 1, 2025 0 comments
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