MetaMask has partnered with SPACE ID to simplify crypto transactions by allowing users to replace long wallet addresses with customizable domain names. The SPACE ID Web3 Domain Snap enables easy transfers by simply entering a recipient's domain in MetaMask. This solution supports all EVM-compatible networks and is installed via MetaMask Snaps, enhancing security and ease of transfers.
Meanwhile, Binance and Crypto.com have lost significant market share. Binance’s spot trading volume dropped from 52.5% in October 2023 to 39.5% in October 2024, and its derivatives market share fell by 8.4%. Crypto.com saw a similar decline, with its market share dropping from 15% in 2023 to below 4% by February 2024. Smaller competitors like Bybit, Bitget, and OKX have gained ground. Decentralized exchanges (DEX) are also growing, with DEX volumes surpassing $250 billion in monthly trading during March and June 2024.
Chromia has partnered with Chasm Network to store AI inference data on its decentralized network, increasing transparency in AI decision-making. Chasm Network will launch its Chasm AI token on 24 October to support this initiative.
The Avalanche Foundation launched a new Visa card supporting USDC, Wrapped AVAX, and others, enabling crypto payments worldwide. The card is initially available in Latin America and the Caribbean, with no usage fees, but users should review associated service fees.
Finally, Chainlink introduced CCIP Private Transactions, a privacy-preserving tool that allows financial institutions to connect their private blockchains while controlling transaction privacy. The Australia and New Zealand Banking Group (ANZ) is among the first users. Chainlink is also testing its privacy-focused DECO platform, which utilizes zero-knowledge proofs to protect participant anonymity.
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