Blockchain
HIVE Blockchain Provides December 2022 Production Update
This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated September 2, 2022 to its amended and restated short form base shelf prospectus dated January 4, 2022.
Vancouver, British Columbia–(Newsfile Corp. – January 9, 2023) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (Nasdaq: HIVE) (FSE: HBFA) (the “Company” or “HIVE”) is pleased to announce the production figures from the Company’s global Bitcoin operations for the month of December 2022 and the calendar year 2022, with 213.8 Bitcoin produced in December, plus USD $3.15 million of income from our energy price hedging and grid balancing strategy. Additionally, the Company produced crypto assets with a value of 4,752 Bitcoin (based on daily average price of Bitcoin) in 2022, which is an 18% increase from the prior year.
Summary Overview:
- HIVE produced 213.8 Bitcoin in the month of December, from ASIC and GPU mining operations, representing an average of 113.2 Bitcoin Per Exahash.
- HIVE earned USD $3.15 million in income from our energy price hedging and grid balancing strategy, in addition to Bitcoin produced in December. Based on the daily Bitcoin prices during the month of December, the income from grid balancing could equate to a mined value of approximately 184 Bitcoin.
- HIVE’s strategy to improve its global efficiency was achieved by the agile acquisition of 3,570 Bitmain S19j Pro at prices steeply discounted from the previous year. In addition, HIVE is pleased to deploy its own ASIC Bitcoin miner system for Proof of Work, the ‘HIVE BuzzMiner’, in partnership with Intel.
- As a tactical update, in the last two weeks HIVE has received and installed over 3,400 new generation Bitcoin ASIC miners in the 100 TH/s to 110 TH/s range, which is a massive efficiency upgrade which will lower the Company’s average cost of producing Bitcoin and improve gross mining margins.
- HIVE has installed approximately 2,050 of the 3,570 Bitmain S19j Pro miners announced on December 22, 2022. These machines arrived in the last week of December, and HIVE’s team expects all 3,570 S19j Pro miners to be installed on or around January 13, 2023. The installation of these machines includes an optimization process to ensure HIVE has distributed and installed the most efficient machines across its global operating fleet, thus increasing the Company’s overall average Bitcoin mining efficiency and lowering the average Bitcoin cost of production.
- Additionally, HIVE has received and installed 1,423 of its HIVE BuzzMiner Bitcoin miners, powered by Intel Blockscale, out of the total production quantity of 5,800 HIVE BuzzMiners. These new generation ASIC miners, will replace older legacy ASIC and GPU mining equipment, to increase Bitcoin mining efficiency.
December 2022 Production Figures
HIVE is pleased to announce its December 2022 production figures and mining capacity:
- 212 Bitcoin Produced from ASIC mining operations;
- 2.06 Exahash of Bitcoin mining capacity at the end of December, with an average hashrate of 1.89 Exahash of Bitcoin mining capacity during the month of December from ASIC mining operations, with an average of 113.2 Bitcoin per Exahash;
- An additional 1.4 Bitcoin were mined by our GPUs in December.
Frank Holmes, Executive Chairman of HIVE stated, “We are very happy to be producing over 213 Bitcoin this month, while also earning over USD $3 million this month from our grid balancing and energy sale initiatives. HIVE was the first public crypto mining company to set up an energy price hedging and grid balancing strategy. Our strategy to manage volatile energy prices and provide a standby agreement with the utility company has been active for the past couple of years in Sweden. HIVE is a key player in the great digital transformation wave, from being the first public company to mine digital assets, to having a green strategy, and to innovate with additional revenue streams. Our agile leadership style is focused on being innovative and quick to pivot since we mine digital assets that are extremely volatile. In addition to the European partnerships we have, our internal technical team has developed proprietary software to manage our fleet of ASIC miners across 3 countries.”
Aydin Kilic, President & COO of HIVE noted “Additionally, our technical team has updated our software stack which monitors the vital statistics of our global fleet of ASIC miners. This allows us to have great insight and granularity into the performance of each machine, using bespoke API calls, as we carefully study the overall fleet efficiency (in Joules per Terahash), to ensure we are mining for maximum profitability during a Bitcoin bear market. We continue to strive for excellence, ensuring that as we scale our hashrate we also optimize our uptime, to ensure ideal Bitcoin output figures and leading the sector in performance.”
The Company’s total Bitcoin production in December 2022 was:
- 213.8 BTC Produced
- 6.9 BTC produced per day on average
- 2.06 Exahash of BTC Hashrate (BTC ASIC Hashrate plus BTC GPU Hashrate) as of December 31, comprised of 2.06 Exahash of BTC ASIC Hashrate and 0.0 Exahash of BTC GPU Hashrate (the GPU fleet was curtailed to earn income for grid balancing), with a monthly average of 1.89 Exahash, which is equal to 113.2 Bitcoin per Exahash.
2022 Annual Production Figures
In calendar year 2022 HIVE mined digital assets equivalent in value to 4,752 Bitcoin (based on the daily average Bitcoin price; these digital assets include 3,146 Bitcoin). This represents an 18% year over year increase in digital assets mined by the Company (HIVE mined digital assets equivalent in value to 4,032 Bitcoin in 2021).
For the three-month period ended December 31, 2021, HIVE produced 697 Bitcoin, or approximately 7.7 Bitcoin per day, and today HIVE is producing approximately 8 Bitcoin per day from ASIC production.
While this appears to be a modest increase, the Bitcoin Network Difficulty has surged by 46% in this one-year period which would reduce Bitcoin production by 46% all other things being equal.
Notwithstanding the foregoing, as HIVE’s global fleet of ASIC and GPU miners expanded, HIVE’s output of crypto mined with green energy, outpaced the Bitcoin Network Difficulty increase.
The increased mining difficulty is a major headwind to profit margins. The only way to stay ahead is to acquire more machines (to increase HIVE’s Petahash) which are also more efficient.
The Company has received 3,570 Bitmain S19j Pro miners, and 1,879 of the HIVE BuzzMiners. Additionally, 987 HIVE BuzzMiners were shipped to Sweden, and are expected to arrive on or around January 15. HIVE expects all of the 5,800 HIVE BuzzMiners to be manufactured, tested and shipped by the end of January 2023.
Bitcoin HODL Update
As of today’s date, HIVE maintains in its treasury 2,348 Bitcoin, with a market value of over USD $38 million.
Last quarter HIVE strategically sold Bitcoin to increase cash reserves to fund opportunistic expansions in the technology bear market. Mr. Holmes stated “We have seen a great opportunity to expand in this depressed market, where ASIC prices are down almost 90%, whereas Bitcoin price is down approximately 70%. Acquiring ASICs at steeply discounted prices positions us for ideal return on invested capital, and further decreases our cost of production for Bitcoin, and improves our gross mining margin in the interim bear market.”
HIVE notes that in the crypto mining sector, different companies have different strategies for HODLing or selling Bitcoin. Some companies may employ a 100% HODL strategy, and not sell any Bitcoin, instead opting to sell shares to cover operating costs and/or capital expenditures. Other companies may elect to sell all of their mined Bitcoin to fund operating costs and/or capital expenditures. HIVE has a unique hybrid strategy and may elect to sell digital assets where the Company believes there are attractive opportunities to scale the business. Our flexible HODL strategy has always allowed us to have a core investment in digital assets on HIVE’s balance sheet.
Bitcoin Global Network Mining Difficulty Remains Volatile
Network difficulty factors are a significant variable in the Company’s gross profit margins and can also be volatile. For example, the Bitcoin network difficulty was 36.95T as at December 1, and decreased to 34.24T as at December 6, then increased to 35.36T on December 19, and remained at this level until the end of the month. Accordingly, Bitcoin mining difficulty ended the month about 4.5% lower than the beginning of the month.
The Bitcoin Network Difficulty is a publicly available statistic, that reflects the total number of Bitcoin miners online and is important in analyzing a company’s gross profit margins, and number of Bitcoin produced. This data is available on many websites, here is one citation: https://www.blockchain.com/explorer/charts/difficulty
As more people mine Bitcoin, difficulty increases and conversely, as Bitcoin prices fall, many miners may lose money, and power down, thus taking their hashrate off the network, causing Network Difficulty to decrease.
Those with the lowest costs of production; by virtue of having more efficient machines and/or lower energy costs, can continue their production during these volatile cycles. Consequently, not all miners may continuously mine during the month, as a result some miners will produce less Bitcoin than expected, relative to their advertised hashrate.
We are pleased that we have been able to upgrade our global fleet during this period of turbulence amidst the “crypto contagion” without borrowing expensive high yield debt against our ASIC equipment and digital assets, whereas such expensive debt has hurt many Bitcoin miners during this bear market.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
HIVE is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. HIVE owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we endeavour to source only green energy to mine digital assets such as Bitcoin on the cloud. Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of ETH and BTC derived from mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies, primarily BTC. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.
We encourage you to visit HIVE’s YouTube channel here to learn more about HIVE.
For more information and to register to HIVE’s mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
“Frank Holmes”
Executive Chairman
For further information please contact:
Frank Holmes
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release
Forward-Looking Information
Except for the statements of historical fact, this news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. “Forward-looking information” in this news release includes, but is not limited to, business goals and objectives of the Company; the ability of the Company to adapt its operations as a result of the Merge, the continued viability of its existing Bitcoin Mining operations, the results of the ATM Equity Program, and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the volatility of the digital currency market; the Company’s ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; continued effects of the COVID-19 pandemic may have a material adverse effect on the Company’s performance as supply chains are disrupted and prevent the Company from carrying out its expansion plans or operating its assets; and other related risks as more fully set out in the registration statement of Company and other documents disclosed under the Company’s filings at www.sec.gov/EDGAR and www.sedar.com.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Blockchain
Blocks & Headlines: Today in Blockchain – March 3, 2025 | Crypto.com, Cronos, Ethereum Foundation, Tesla, InfinixChain
In today’s rapidly evolving digital economy, blockchain technology and the cryptocurrency industry continue to redefine the future of finance, governance, and innovation. On March 3, 2025, we witness a dynamic confluence of groundbreaking proposals, transformative leadership initiatives, and technological breakthroughs that are shaping the blockchain landscape. This op-ed-style daily briefing—Blocks & Headlines: Today in Blockchain—offers an in-depth analysis of five pivotal stories making headlines around the world. Our coverage spans from Crypto.com’s Cronos blockchain proposal to reissue 70 billion previously burned tokens, to a forward-thinking discussion on empowering women to launch and lead in blockchain, to the Ethereum Foundation’s novel engagement with external counsel for its silviculture society initiatives, Tesla’s bold strides in blockchain adoption through its API, and InfinixChain’s introduction of an EVM-compatible Layer 2 solution designed for scalability and low fees.
By examining these developments, we aim not only to inform but also to provide critical insights into the broader implications for blockchain, cryptocurrency, Web3, decentralized finance (DeFi), and non-fungible tokens (NFTs). The narratives explored in this article reflect the ongoing maturation of the industry—where established protocols are being reimagined, inclusivity is being championed, and new paradigms in scalability and security are being set. Let us dive into today’s major stories and explore their significance within the evolving blockchain ecosystem.
I. Crypto.com’s Cronos Blockchain Proposal: Reissuing 70 Billion Burned Tokens
A. Overview of the Proposal
In a bold and unprecedented move, Crypto.com’s Cronos blockchain is considering a proposal to reissue 70 billion tokens that were previously burned. As reported by The Block, this initiative has sparked intense debate among industry experts and investors alike.
Source: The Block
The original token burn was designed to reduce the circulating supply, thereby increasing scarcity and potentially driving up the value of remaining tokens. However, the proposal to reintroduce a vast number of tokens into circulation raises critical questions regarding tokenomics, market stability, and the long-term vision for the Cronos blockchain. The idea behind reissuing these tokens is to address liquidity challenges and enable broader participation within the ecosystem, but it also risks diluting the value proposition that the initial burn was meant to secure.
B. Analyzing the Economic Implications
The concept of token burns is rooted in supply and demand economics. By removing tokens from circulation, projects aim to create scarcity that can lead to price appreciation. The decision to reverse this process, even partially, is both controversial and complex. On one hand, reissuing tokens could provide much-needed liquidity for decentralized applications (dApps) and foster innovation by making it easier for new projects to access capital. On the other hand, it might undermine investor confidence and destabilize the market by diluting existing holdings.
A critical examination of this proposal reveals a balancing act between liquidity and value preservation. Proponents argue that the controlled reissuance of tokens can stimulate network activity, enhance transactional capabilities, and ultimately drive broader adoption of the blockchain. Critics, however, caution that without stringent controls, such a move could lead to excessive inflation, making it harder for the ecosystem to achieve its growth targets.
C. Strategic and Regulatory Considerations
In addition to economic factors, strategic and regulatory considerations play a crucial role in shaping the outcome of this proposal. With global regulatory scrutiny intensifying around cryptocurrency practices, Crypto.com must navigate a complex landscape of legal and compliance requirements. The reissuance of tokens could attract the attention of regulators concerned about market manipulation and investor protection.
Moreover, the decision underscores the strategic recalibration taking place within the blockchain space. It reflects a broader trend where projects are increasingly willing to rethink their original tokenomics models to adapt to evolving market dynamics. The implications of this proposal extend beyond Cronos itself; they serve as a litmus test for how blockchain projects can balance innovation with financial prudence in a highly volatile market.
D. Opinion: A Necessary Risk for Long-Term Growth?
From my perspective, Crypto.com’s proposal to reissue previously burned tokens represents a calculated risk that could pay dividends if executed with precision and transparency. In an industry where rapid innovation often outpaces traditional economic models, bold moves like these are sometimes necessary to ensure sustainability and inclusivity. However, success hinges on meticulous planning, robust risk management, and clear communication with stakeholders. The coming months will reveal whether this approach can foster long-term growth or if it will inadvertently destabilize the Cronos ecosystem.
II. Empowering Women in Blockchain: Five Ways to Launch and Lead
A. Shifting the Paradigm in a Male-Dominated Industry
In a world where blockchain and cryptocurrency have traditionally been dominated by male voices, a recent article from Crypto.News highlights five actionable strategies for women to launch and lead in blockchain.
Source: Crypto.News
This piece outlines practical advice ranging from building robust networks and leveraging educational resources to actively seeking leadership roles in emerging projects. The narrative is clear: the future of blockchain is inherently inclusive, and empowering women is not just a matter of equity—it’s a strategic imperative for the industry’s overall health and innovation.
B. Breaking Barriers and Creating Opportunities
The article emphasizes that women bring unique perspectives and skills to the table—qualities that are indispensable in an industry driven by disruption and rapid change. Initiatives such as mentorship programs, female-led blockchain accelerators, and inclusive community events are highlighted as key drivers that can help level the playing field. By championing diversity, the blockchain community can unlock new avenues of creativity, foster better decision-making, and ultimately build more resilient and adaptive ecosystems.
This call for inclusivity is echoed by numerous thought leaders in the space who argue that diversity is not only a moral obligation but also a competitive advantage. The infusion of fresh ideas and alternative viewpoints can spur innovation, helping blockchain projects overcome challenges that may have stifled progress under a more homogeneous leadership structure.
C. The Road Ahead: Challenges and Opportunities
Despite the optimistic tone of the article, significant challenges remain. The path to leadership in blockchain is fraught with systemic obstacles—from entrenched cultural biases to the technical knowledge gap that often hinders entry. Nevertheless, the strategies outlined in the article offer a roadmap for overcoming these barriers. Whether it’s through formal education, networking, or targeted support initiatives, the message is clear: the time for change is now, and women have a crucial role to play in shaping the future of blockchain.
The broader implications for the industry are profound. As more women step into leadership roles, we can expect to see a shift in how blockchain projects are conceptualized, developed, and governed. This transition is likely to bring about more holistic, user-centric solutions that reflect the diverse needs of a global audience.
D. Opinion: A Catalyst for Industry Transformation
In my view, the push for greater female leadership in blockchain is not only commendable but essential for the sector’s evolution. The innovative potential of blockchain can only be fully realized when it taps into the full spectrum of human talent and creativity. By embracing diversity and actively empowering women, the industry stands to benefit from a richer tapestry of ideas, more robust problem-solving, and ultimately, more sustainable growth. The initiatives highlighted in the Crypto.News article serve as both inspiration and a call to action for all stakeholders to support and nurture this vital transformation.
III. Ethereum Foundation’s Silviculture Society: Engaging External Counsel
A. An Unconventional Move by a Leading Institution
In a move that underscores the evolving nature of blockchain governance, CoinTelegraph recently reported that the Ethereum Foundation has engaged external counsel for its silviculture society initiatives.
Source: CoinTelegraph
At first glance, the concept of a “silviculture society” might seem out of place in a discussion about blockchain. However, this initiative is part of a broader strategy by the Ethereum Foundation to integrate environmental sustainability with decentralized governance. The engagement of external counsel marks a significant departure from traditional internal decision-making processes and highlights the Foundation’s commitment to transparency, accountability, and the incorporation of diverse expertise.
B. Bridging the Gap Between Technology and Sustainability
The Ethereum Foundation has long been at the forefront of blockchain innovation, championing open-source development and decentralized governance. With this new initiative, the Foundation is venturing into uncharted territory—melding the principles of blockchain with environmental stewardship. The term “silviculture,” which refers to the management and cultivation of forests, symbolizes a commitment to sustainability. By involving external counsel, the Ethereum Foundation aims to ensure that its policies are not only legally sound but also aligned with global environmental standards.
This approach is particularly timely as the blockchain industry grapples with criticisms over its environmental impact. The Foundation’s move is a signal that sustainability is becoming a central pillar of blockchain governance. It reflects a broader recognition that the future of decentralized technologies depends on their ability to operate in harmony with the planet’s ecological systems.
C. Legal and Governance Implications
The decision to engage external counsel brings with it a host of legal and governance implications. On one level, it represents a commitment to best practices in corporate governance—an effort to ensure that all decisions are made with due diligence and in compliance with applicable regulations. On another level, it signals a willingness to embrace interdisciplinary approaches that blend legal, environmental, and technological expertise.
This strategy may serve as a model for other blockchain projects that face similar challenges. As decentralized networks become increasingly complex and interconnected, the need for robust, externally informed governance frameworks will only grow. The Ethereum Foundation’s initiative could well pave the way for a new standard in blockchain management—one that balances innovation with environmental and legal responsibility.
D. Opinion: A Forward-Thinking Approach to Decentralized Governance
From my perspective, the Ethereum Foundation’s decision to bring in external counsel for its silviculture society is a visionary step. It demonstrates that leading institutions are willing to evolve their governance models to address not only the technical challenges of blockchain but also the pressing environmental concerns of our time. By fostering a culture of interdisciplinary collaboration, the Foundation is setting an example for how blockchain projects can build more resilient, sustainable, and ethically sound ecosystems. This approach is likely to resonate well beyond Ethereum, inspiring a new era of transparency and environmental accountability in the blockchain space.
IV. Tesla’s API and Blockchain Adoption: Driving Innovation in the Automotive Sector
A. The Intersection of Automotive Innovation and Blockchain
In an intriguing development reported by Digitimes, Tesla is reportedly exploring blockchain adoption through its API integrations.
Source: Digitimes
Tesla, widely recognized for its pioneering efforts in electric vehicles and autonomous driving, has now turned its gaze toward blockchain technology. The company’s API is being leveraged to integrate blockchain solutions into various aspects of its operations—from supply chain management and data integrity to enhanced security protocols. This integration represents a significant step forward in the convergence of automotive innovation and decentralized technologies.
B. Enhancing Transparency and Security
One of the core benefits of blockchain technology is its ability to provide a secure and immutable ledger for transactions and data exchanges. For Tesla, incorporating blockchain into its API can offer enhanced transparency across its global supply chain. This is particularly critical for a company of Tesla’s scale, where the provenance of components, data security, and the integrity of digital records are paramount. By utilizing blockchain, Tesla aims to streamline operations, reduce the risk of fraud, and ensure that all transactions are recorded in a tamper-proof manner.
Furthermore, the integration of blockchain could improve the efficiency of Tesla’s maintenance and service operations. Smart contracts, for instance, could automate routine processes such as warranty claims, parts orders, and service scheduling, thereby reducing downtime and improving customer satisfaction. The move is emblematic of a broader trend where traditional industries are increasingly adopting blockchain to enhance operational resilience and foster trust in an increasingly digital ecosystem.
C. Broader Implications for the Automotive Industry
Tesla’s exploration of blockchain technology has far-reaching implications beyond its own operations. As one of the most influential players in the automotive sector, Tesla’s adoption of blockchain could accelerate the technology’s diffusion across the industry. Other manufacturers and suppliers may follow suit, leading to a more interconnected, transparent, and secure supply chain ecosystem. This could ultimately drive down costs, improve efficiency, and enhance the overall consumer experience.
In addition, Tesla’s foray into blockchain reinforces the idea that decentralized technologies are not confined to financial applications. They have the potential to revolutionize industries ranging from automotive to healthcare, logistics, and beyond. By integrating blockchain into its API, Tesla is positioning itself at the forefront of this transformative wave, setting an example for how innovation can be leveraged to create tangible value in traditional sectors.
D. Opinion: A Bold Step Toward a Smarter, More Secure Future
In my view, Tesla’s initiative to adopt blockchain technology through its API is a bold and forward-thinking move. It reflects a willingness to explore new paradigms that can enhance efficiency, security, and transparency in ways that traditional systems cannot. As the automotive industry faces increasing pressures to innovate and adapt to digital disruption, Tesla’s embrace of blockchain could serve as a catalyst for broader industry transformation. This integration not only reinforces Tesla’s reputation as a technology leader but also highlights the immense potential of blockchain to drive meaningful change across diverse sectors.
V. InfinixChain’s EVM-Compatible Layer 2 Blockchain: Scalability and Low Fees Redefined
A. Unveiling a New Era in Blockchain Infrastructure
In a press release from GlobeNewswire, InfinixChain has announced the launch of an EVM-compatible Layer 2 blockchain designed to address the scalability and cost challenges that have long plagued blockchain networks.
Source: GlobeNewswire
InfinixChain’s new solution promises to deliver rapid transaction speeds and minimal fees, two critical factors that have historically limited the mass adoption of blockchain technologies. By ensuring compatibility with the Ethereum Virtual Machine (EVM), InfinixChain enables developers to easily port their decentralized applications (dApps) and smart contracts to a more efficient and cost-effective platform without sacrificing the security or decentralization of the network.
B. Technical Innovations Driving Scalability
The technical architecture behind InfinixChain’s Layer 2 solution represents a significant leap forward in blockchain infrastructure. By offloading transaction processing from the main chain, the Layer 2 network dramatically reduces congestion and lowers gas fees—a persistent pain point for users on high-demand networks such as Ethereum. The seamless interoperability with Ethereum ensures that developers can maintain continuity while benefiting from enhanced performance.
This innovation is particularly important for decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other use cases that require high throughput and low latency. As blockchain networks continue to grapple with the twin challenges of scalability and cost, InfinixChain’s approach could set a new standard, encouraging broader adoption and fueling further innovation in the space.
C. Market Impact and Future Prospects
InfinixChain’s launch is likely to have a ripple effect across the blockchain ecosystem. By providing a viable alternative to congested networks, the platform could attract a surge of new projects and developers seeking to leverage its scalability benefits. The reduction in transaction costs could also make blockchain-based solutions more accessible to a wider audience, fostering greater inclusivity in the digital economy.
Moreover, the introduction of an EVM-compatible Layer 2 blockchain reinforces the trend toward modular and flexible infrastructure in the blockchain space. It demonstrates that challenges such as high fees and limited scalability can be addressed through innovative, layered solutions that build on the strengths of existing networks. The success of InfinixChain’s initiative may well encourage other projects to explore similar approaches, ultimately driving the evolution of blockchain technology toward more efficient and user-friendly systems.
D. Opinion: Paving the Way for the Next Generation of Blockchain Applications
In my assessment, InfinixChain’s EVM-compatible Layer 2 blockchain is a game-changing development. It embodies the kind of technological innovation that the blockchain community has been waiting for—a solution that not only addresses persistent challenges but also paves the way for new use cases and business models. The emphasis on scalability and low fees is critical for unlocking the full potential of decentralized applications, and InfinixChain’s approach could very well become the blueprint for the next generation of blockchain infrastructure. For developers, investors, and end-users alike, this development represents a major step forward in realizing the promise of blockchain technology.
VI. Synthesis of Today’s Blockchain Trends: Key Themes and Industry Implications
As we reflect on today’s news, several overarching themes emerge that offer a comprehensive view of the current blockchain and cryptocurrency landscape:
A. Evolution of Tokenomics and Supply Dynamics
The proposal by Crypto.com’s Cronos blockchain to reissue 70 billion previously burned tokens raises fundamental questions about tokenomics, market liquidity, and value preservation. It highlights the delicate balance between ensuring sufficient liquidity for innovation and maintaining scarcity to drive token value. This evolution in token management underscores a broader trend where blockchain projects are increasingly willing to revisit and revise their economic models in response to changing market conditions.
B. The Imperative of Inclusivity and Diverse Leadership
The emphasis on empowering women in blockchain is not merely a call for diversity; it is a strategic imperative that can catalyze innovation and improve decision-making across the industry. As more women take on leadership roles and contribute to blockchain projects, we can expect a richer, more diverse set of ideas that drive the sector forward. This trend is vital for building a resilient, forward-thinking ecosystem capable of addressing complex global challenges.
C. Interdisciplinary Governance and Sustainability
The Ethereum Foundation’s initiative to engage external counsel for its silviculture society represents a pioneering effort to integrate environmental sustainability with blockchain governance. This approach, which brings legal, environmental, and technological expertise together, is likely to set new standards for how decentralized projects are managed. It is a strong indication that blockchain can—and must—evolve to meet the ethical and environmental challenges of our time.
D. Cross-Industry Integration and Technological Convergence
Tesla’s exploration of blockchain through its API and InfinixChain’s launch of a scalable Layer 2 solution both underscore the expanding boundaries of blockchain applications. From the automotive sector to decentralized finance and beyond, blockchain technology is finding new ways to integrate into traditional industries, driving efficiency, transparency, and security. This convergence is reshaping established business models and opening up a myriad of opportunities for innovation across sectors.
E. Opinion: A Call for Holistic Innovation and Strategic Adaptation
The stories covered in today’s briefing collectively illustrate that the blockchain industry is at a pivotal juncture. As projects and companies push the envelope on tokenomics, inclusivity, governance, and technological integration, the need for a holistic, adaptive approach becomes increasingly evident. Stakeholders must balance the pursuit of cutting-edge innovation with the imperative to maintain robust, sustainable, and inclusive practices. In doing so, they can build an ecosystem that not only thrives in today’s competitive landscape but is also resilient enough to meet the challenges of tomorrow.
VII. Conclusion: Charting the Future of Blockchain and Cryptocurrency
As we wrap up today’s edition of Blocks & Headlines: Today in Blockchain – March 3, 2025, several key takeaways emerge:
- Innovative Tokenomics: Crypto.com’s Cronos blockchain proposal challenges traditional notions of token burns and reissuance, highlighting the need for dynamic economic models that can adapt to market realities.
- Empowering Diversity: Initiatives aimed at empowering women in blockchain underscore the importance of diversity in driving industry innovation and resilience.
- Interdisciplinary Governance: The Ethereum Foundation’s engagement of external counsel for its silviculture society is a bold step toward integrating environmental sustainability with decentralized governance—a model that could redefine industry best practices.
- Cross-Industry Convergence: Tesla’s exploration of blockchain adoption through its API and InfinixChain’s scalable Layer 2 solution both demonstrate how blockchain technology is transcending traditional boundaries, offering enhanced security, efficiency, and innovation across diverse sectors.
- A Future of Resilience and Innovation: The overarching trends in today’s news point to a blockchain industry that is not only innovating at breakneck speed but also increasingly aware of the need for sustainable, inclusive, and resilient growth.
A. Embracing Change and Fostering Innovation
The blockchain and cryptocurrency industry is characterized by rapid evolution. As new technologies emerge and new models are tested, it is imperative that stakeholders—be they developers, investors, or regulators—remain agile and forward-thinking. Today’s stories serve as both a reflection of where we are and a roadmap for where we might be headed. They underscore the importance of innovation, collaboration, and a willingness to challenge the status quo in the relentless pursuit of progress.
B. A Call to Action for the Community
For blockchain enthusiasts, industry leaders, and innovators, the message is clear: the time to act is now. Whether it is through rethinking tokenomics, championing diversity, embracing interdisciplinary governance, or driving cross-industry integration, each of these efforts contributes to building a stronger, more sustainable blockchain ecosystem. As we continue to navigate the complex landscape of digital finance and decentralized technology, let today’s developments inspire us to push the boundaries of what is possible and to work collectively toward a future where blockchain technology benefits all.
C. Final Reflections
In conclusion, the developments we have examined today illustrate that blockchain is more than just a technological innovation—it is a transformative force that is reshaping the way we think about finance, governance, and societal progress. The journey from token burns to innovative governance models, from promoting diversity to integrating blockchain into traditional industries, is one that is marked by challenges as much as it is by opportunities. By embracing these challenges with a spirit of innovation and a commitment to sustainable growth, the blockchain community can unlock new levels of creativity, efficiency, and inclusivity.
As you reflect on the insights shared in today’s briefing, consider the broader implications of these stories on your work, your investments, and the future of digital innovation. The path forward may be uncertain, but it is also rich with potential—if we have the courage to innovate, the wisdom to learn, and the determination to build a better digital future.
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The MultiversX ecosystem is about to take a major leap forward in decentralized finance (DeFi) with the launch of USH, the first native stablecoin designed specifically for the network.
Developed by Hatom protocol, the leading DeFi platform by total value locked (TVL) in the MultiversX ecosystem, USH marks a transformative moment for on-chain liquidity, financial accessibility, and DeFi opportunities.
For the past 1.5 years, the Hatom team has meticulously designed USH to be the cornerstone of stable liquidity in the MultiversX ecosystem. Similar to DAI on Ethereum, USH is a fully over-collateralized stablecoin, with all reserves transparently recorded on-chain. This ensures predictable monetary mechanics, decentralized stability, and trustless financial infrastructure.
USH: a next-generation stablecoin for MultiversX
USH introduces a multifaceted minting model, allowing users to mint USH using various collateral assets. The most capital-efficient option will be isolated pools, which enable users to mint USH at a 0% minting fee using EGLD and wTAO assets**. This frictionless access to stable liquidity opens new avenues for capital efficiency across DeFi.
At launch, USH will integrate directly with the largest DeFi protocols on MultiversX, including xExchange, AshSwap, and xPortal, ensuring immediate adoption, use cases, and deep liquidity. In addition, leading ecosystem projects will support USH with dedicated liquidity pools, reinforcing its role as the go-to stablecoin for trading, lending, and DeFi applications.
Hatom protocol: the driving force behind USH
Since its launch in July 2023, Hatom protocol has established itself as the leading DeFi protocol on MultiversX. It offers lending and borrowing solutions, liquid staking, and, now, decentralized stablecoin issuance with the launch of USH. At its peak, Hatom achieved $285 million in TVL**, cementing its position as the ecosystem’s financial backbone.
With the introduction of USH, Hatom is expanding its influence beyond lending and staking, bringing a highly liquid, decentralized, and over-collateralized stablecoin to a network poised for exponential growth. This development solidifies MultiversX as a self sustaining DeFi ecosystem, no longer reliant on external stablecoins for liquidity and economic activity.
Learn more about USH. For more information about USH and Hatom protocol, visit:
- Hatom Official Website
- USH Official Website
- Hatom Protocol USH
The post Hatom protocol launches USH: the first native decentralized stablecoin on MultiversX appeared first on News, Events, Advertising Options.
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