Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

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Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

mantra om crypto.png

MANTRA (OM): Understanding its wild ride and road to recovery

Bybit Learn

Blockchain

WAX, or Worldwide Asset eXchange, is a carbon-neutral blockchain designed for e-commerce transactions. Find out more about how it works in this article.

 is a web3 ecosystem for gaming and NFTs. Since its inception, the blockchain has attracted a loyal following that includes more than 13 million WAX accounts and $23 million in daily transactions.

The following is a brief guide describing WAX Blockchain to help you determine if the project is worth your investment.

WAX blockchain is hyperfocused on video games and virtual collectibles. As a result of continuous innovation in the field, it has become one of the most recognizable web3 ecosystems to provide everything a brand needs to launch a successful NFT collection. In fact, it is the most used and transacted blockchain ecosystem in the world of NFTs, DApps and video games.

To optimize the blockchain's e-commerce usability, it uses a 

 (DPoS) mechanism that’s compatible with 

. This combination of DPoS and EOSIO compatibility helps the blockchain achieve greater speed and scalability.

Currently, the platform supports over 30,000 useful 

 and marketplaces for gaming and NFTs. Its rapid development is primarily due to the backing of the parent company, 

, which was previously a leading global brand for buying and selling digital items.

It's commonly believed that OPSkins has been the primary driver for the trust that numerous high-profile gaming brands — such as Atari, Mattel, SAW and Street Fighter — have placed in WAX blockchain to promote their digital assets within the virtual gaming ecosystem.

The WAX Blockchain project was conceived by 

 in 2015. Their goal was to offer a blockchain where anyone could create, buy, sell and trade virtual items.

By 2017, the concept had attracted top gaming companies, giving these brands a stable blockchain environment in which to launch their NFT collections. Amid rising demand, some of the most prolific NFT creators and game developers pitched in with award-winning video games and DApps, which contributed to the remarkable growth. In a short period, WAX blockchain had established itself as the "King of NFTs.”

In early 2020, WAX reached the 10 million–user milestone, which it 

. At the time, the airdrop was almost ten times larger than any other NFT airdrop in history. This event was followed by the 

, the demand for William's memorabilia was so high that his 125,000 digital photographs were sold within nine minutes of the launch.

The innovation continues to this day. For instance, vIRL NFTs are one of the most celebrated products on the WAX blockchain, offering physical ownership of assets without the need for delivery. The NFT is tied to an actual physical asset. You can own it, transfer the ownership or redeem it for the physical item.

vIRL NFTs are unique because they offer a host of dynamic functionality that includes app-video game integrations, marketing tools and V-commerce capabilities. In addition, each one of these NFTs is minted on the carbon-neutral blockchain that puts the environment first, creating carbon offset NFTs.

Worldwide Asset eXchange uses a DPoS consensus algorithm which relies on a group of block producers to manage the block production. These block producers are known as WAX Guilds.

A block is produced every thirty seconds on the WAX blockchain. Only one WAX Guild is authorized to produce a particular block at any given time. To improve efficiency, each WAX Guild has a specific time in which it can produce the block. After the scheduled time, the block is skipped. To prevent block skipping, the blockchain doesn't reward WAX Guilds that only produce 50% or less of their scheduled blocks.

To increase community participation in the selection of WAX Guilds, the WAX blockchain uses a 

 which enables community members to stake, receive rewards and vote. If you have WAXP tokens in your wallet, you can connect a compatible wallet to the Ethereum bridge and convert those WAXP tokens to WAXE. Deposit both WAXE and ETH tokens into the WAXE-ETH liquidity pool in order to earn WAXE-ETH liquidity pool tokens. 

You can then proceed to stake your WAXE-ETH liquidity pool tokens in exchange for WAXG tokens and ETH rewards. These WAXG tokens can be used to vote, but you can also burn them to receive more ETH from the PiggyBank Pool in exchange.

 technology. It prevents WAX Guilds from signing two blocks at the same block height or timestamp. Anyone signing two blocks is punished and suspended by WAX token holders.

Besides relying on DPoS consensus, the WAX blockchain uses a combination of smart contracts and the WAX Random Number Generator. The RNG is used by DApp developers to introduce a random outcome for an asset. This helps solve the problem associated with traditional RNGs, which often suffer from unfair and nonrandom values.

WAX is a web3 ecosystem for gaming and NFTs. It offers everything that a brand needs to launch a successful NFT collection. For developers, the native WAX Developer Hive provides full documentation, quickstarts and code samples. For players, the blockchain is a convenient way to take charge of both their old and new digital assets.

Here are a few additional reasons why you can trust the WAX ecosystem.

The Worldwide Asset eXchange is a certified carbon-neutral blockchain. This is a distinction, because WAX is almost 

 than Bitcoin. In numerical terms, WAX mainnet uses 473.04 MWh and emits 211 tons of carbon dioxide per year, which is only a tiny fraction of what a traditional blockchain emits.

Blockchains such as Bitcoin and Ethereum rely on the 

 (PoW) consensus. As the value of BTC and ETH rise, users rely on hefty mining rigs. This heated competition produces energy equal to emissions from mid-sized nations.

Luckily, the carbon-neutral WAX blockchain produces less than 0.01 percent carbon emissions as compared to ETH or BTC. The resulting carbon credits are used to support a variety of green projects around the world. Already, WAX NFTs have helped offset almost 4 million tons of carbon emissions as compared to Ethereum.

Delegated Proof of Stake Consensus Mechanism

WAX blockchain uses a DPoS consensus mechanism, which is a combination of PoW and PoS. In the DPoS environment, you can delegate your coins to others and give them the power to validate transactions. This voting power is weighted on a proportional scale, relative to the number of tokens. With this setup, you don't need to battle for computing dominance because the energy consumption on the WAX blockchain is relatively stable.

 is a handy feature because it doesn’t require you to manage private keys, and can be accessed on both mobile devices and desktops. Apart from the obvious functions of sending and receiving funds, it can be used to store collectibles in a single place. You can also connect the WAX Cloud Wallet to 

 (DApps). The dashboard’s controls help you stake your holdings and vote for WAX Guilds.

 is a funding source where WAX pioneers and visionaries bring ideas to life. Anyone can pitch a business plan; you just need to draft a proposal for review. If you have a plan, make sure your submission includes all the documents, ideas and detailed information that will let voters thoroughly evaluate the project's feasibility.

Once the plan is submitted, everyone has the right to vote on the project. The more WAX tokens an individual has staked, the more weight their vote carries. For your project to get funding, 10% of the registered voters must vote, and half of the voters need to agree on the proposal. At any given moment, the admin has the right to give a proper reason for denial, which then terminates the project.

 provides records of individual transactions on the WAX blockchain.

When introduced in 2018, the WAX Block Explorer processed more transactions than any other blockchain. It’s also the first user-friendly blockchain to let users view transactions in a visual format. Its 3D interactive features will let you make sense of data without needing to worry about technical terms.

If you own an NFT, you can also view its 3D rendering along with ownership details, transaction records and related data.

WAX has introduced the world's first carbon-neutral NFTs. Just like traditional NFTs, these 

 are linked to physical objects. However, they're carbon offset vIRL NFTs — because when you redeem one, the National Forest Foundation plants one tree sapling for every $1 spent on NFTs. This initiative ties in with the aim of WAX Blockchain to reduce its carbon footprint until it achieves carbon negative status, having already achieved carbon neutrality.

WAX NFTs are sold on both primary and secondary marketplaces, with the majority sold on secondary marketplaces. 

 are just a few of the many secondary marketplaces where you can purchase WAX vIRL NFTs with WAX tokens.

While NFTs on primary marketplaces are limited, they're usually sold within minutes of the launch. Therefore, keep an eye on upcoming sales on the official social media channels. You can use the native WAX token or your credit card to purchase NFTs on the primary marketplace.

WAX blockchain is a purpose-built, energy efficient environment for building and deploying high-performance DApps. If you're a developer, use the Developer Hive to access in-depth tutorials, quickstart guides, samples and API references for product development.

WAX blockchain is fully compatible with EOSIO smart contracts. This means that you can deploy your EOSIO DApps on the WAX mainnet. You're also entitled to free blockchain accounts and cheaper gas fees.

As mentioned briefly, there are three variants of the WAX coin: WAXP, WAXG and WAXE.

WAXP is the protocol's utility token, while WAXE is the Ethereum ERC-20 version. The latter can be converted into WAXP at a ratio of 1,000 WAXP to 1 WAXE.

In contrast, WAXG is the platform’s governance token, earned by staking WAXE. It's given to those who stake their WAXE-ETH in the WAX-ETH liquidity pool. As mentioned above, you can either use WAXG to participate in voting activities or burn them to receive ETH.

. Its members include executives from Atari, Unity, Marvel and other prominent software companies. Members of the council offer their input on development goals.

WAX Blockchain’s road map is subject to change amid new developments. The most recent road map and updates are usually posted on the official website. In the past, the team has published yearly updates.

Some recent developments from the 2021 road map include partnering with 

, and the development of an Ethereum bridge to support 

. Accordingly, the team is actively working on making improvements to the WAX Cloud Wallet, completing existing DeFi projects and supporting upgraded variants of ERC tokens.

The WAX tokenomics model is a hybrid between WAX and Ethereum blockchains, as it aims to use the best features of both chains. This configuration helps WAX token holders because they can benefit from WAX's success in the NFT marketplace and Ethereum's success in the DeFi space.

The inter-blockchain design maintains the WAX blockchain as its core element. For instance, NFT operations, such as creating and trading digital assets, take place on WAX. However, any capital generated from NFT commercial activities is transferred to a growing network of financial services available in the Ethereum ecosystem. While WAX hasn’t surpassed Ethereum in terms of NFT trading activity, NFT growth on WAX is substantial in terms of their original plans.

WAXP is the native token of WAX. As of mid-2022, the token is trading at around $0.10. In November 2021, during the recent crypto frenzy, it touched $0.90. Since then, the price has plummeted to follow the price trajectory reflecting existing trends in the crypto market.

, its price will likely reach $0.23 by 2023. In the long term, you can expect a steady rise every year. The team at

 is also optimistic, anticipating the price to go beyond $4 by 2027.

WAXP is listed on a variety of crypto exchanges around the world, including Bybit. If you're interested in the project, here’s how you can buy it on Bybit’s exchange.

After registering, purchase WAXP using USDT as the base currency. The Bybit platform offers multiple ways to buy USDT so that you can exchange it for WAXP.

 on top of the Bybit platform. From the drop-down menu, select 

 or pick a payment method of your choice. You can buy USDT, the base currency, using a credit card, bank transfer, crypto exchange or P2P. If you have USDT in another wallet, you may also transfer it to the Bybit exchange.

After buying USDT, it's time to swap it for WAXP. To exchange USDT for WAXP, click on 

. You can either search for WAXP, or click on

Select the amount of WAXP you want, and click on 

Compared to many other high-profile crypto projects, WAX Blockchain is a thriving ecosystem that has achieved greater milestones than many of its famous counterparts. In just five years, it’s garnered support from thousands of NFT followers and well-known gaming brands.

If everything goes according to plan, WAX Blockchain will have established a practical framework for future projects. It has solid foundations, a great team, a workable road map, strong fundamentals and utility. Its carbon-neutral NFTs is an industry-first initiative likely to contribute to its notoriety.

If you're looking for a well-established blockchain that has yet to reach its full potential, WAX is a solid investment.

When it comes to gaming, NFTs and digital assets, few blockchains can rival WAX. While its initial success has been mainly attributed to the delivery of brand-partnered NFT content, the new road map has gained momentum from WAX’s partnership with Ethereum and from a growing community of DApp developers. At the moment, WAX is the most prominent web3 ecosystem for digital assets, and there are plenty of sufficient reasons to invest in WAXP.

WAX Blockchain (WAXP): A Carbon-Neutral NFT Blockchain

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WAX Blockchain (WAXP): A Carbon-Neutral NFT Blockchain

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