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The US stock market remains steady as investors anticipate a straightforward FED interest rate decision and ongoing earnings calls. The broader cryptocurrency market went down, with Bitcoin and Ether dropping 1.32% and 1.29% respectively, in the past 24 hours.
Today's outperformer is RPL, which surged 4.07% in the past 24 hours due after RPL as they recently reduced the inflation for their oracle DAO.
Launched on May 2017, Rocket Pool (RPL) is a decentralized network that simplifies Ethereum staking by offering opportunities to those lacking the technical skills or assets needed, thus enhancing the staking process's speed and ease. RPL aims to provide a platform for pooled transactions, enabling faster and more affordable operations. Recently, Rocket Pool's Oracle DAO voted to reduce its share of RPL inflation from 15% to 8% now, and further to 1.5% in a year. This change is part of a suite of votes including changes to the Protocol DAO and Oracle DAO charters and the RPL inflation allocation. The Oracle DAO will no longer fund public goods and aims to minimize its role over time.
Check Out the Latest Prices, Charts, and Data of RPLUSDT!
Solana welcomes Neon Labs who launched Neon EVM, an Ethereum Virtual Machine, which allows Ethereum developers to build decentralized applications (DApps) on the Solana blockchain. The Neon EVM smart contract, residing on Solana's blockchain, will process wrapped Ethereum transactions. This innovation combines the robustness of Ethereum's DApp environment with Solana's highly efficient infrastructure. This integration aims to create more cost-effective and efficient DApps, with Solana boasting an average transaction fee of approximately $0.0002. The integration is a significant development for both Ethereum and Solana ecosystems, offering new opportunities for developers in the decentralized application space.