DeFI News by Thebittimes.Com

The popular platform for launching new Solana tokens, Pump.fun, is experiencing a noticeable downturn, raising concerns about its long-term sustainability. Recent data reveals a sharp drop in token graduations, a significant slowdown in new token launches, and a decline in trading volume. Only 11,332 tokens have graduated this month — less than half of the 24,008 recorded last month. The trend is even more striking on a weekly scale, with just 517 graduations this week compared to 2,184 the week prior. Meanwhile, tokens in other asset classes are rallying, particularly cost-effective tokens, as traders shift their focus. Interest is gravitating toward emerging projects, with many of the most viewed cryptos on GeckoTerminal gaining traction.  Most Viewed Cryptos on GeckoTerminal to Watch AIXBT is currently valued at $0.2005, a 5.79% decline. In contrast, SHREK has surged 800.28% and is now priced at $0.00068. Meanwhile, DEFAI has dropped 17.47% and is trading at $0.003441....

Your guide: How to Convert Wrapped XRP to XRP? If you’ve been learning about cryptocurrencies, you’ve probably heard of “wrapped assets” and “decentralized exchanges.” Wrapped XRP (wXRP) is XRP used on blockchains like Ethereum within the DeFi environment created by the company. But what happens if you want to get your wrapped XRP back to how it was before? We’ll show you how to easily change wrapped XRP to XRP in this guide, so you can feel confident about the process. Keep reading to learn more. Also read: BRICS: What Countries Will Ditch the US Dollar for Alliance Payment System? What is Wrapped XRP? Let’s talk about what wrapped XRP is and why it exists before we start the exchange process. Wrapped XRP, or wXRP, is a type of XRP that can be used on other blockchains, such as Ethereum, as part of the DeFi environment that was created by the company. It’s pegged 1:1 with XRP, which means that each wrapped token is backed by the sam...