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The Bitcoin halving event is a significant occurrence in the crypto world. It occurs roughly every four years, reducing the Bitcoin mining block reward by half. The history of Bitcoin halvings shows that the event impacts the supply and demand mechanics and price of Bitcoin. Since Bitcoin was created, there have been three halving events, with the fourth expected to occur in April 2024. 

Here’s everything you need to know about Bitcoin’s halving history, including what the halving event is, common misconceptions about it, and what to expect in 2024. 

Methodology In selecting the best platforms for users to buy Bitcoin BeInCrypto considered factors such as ease of use, security features, trading tools, deposit methods, commissions, and additional features offered by the platforms. BeInCrypto’s product teams tested a number of leading exchanges over a period of six months before narrowing down the top options. Here’s why we chose each.

1. Coinbase:

Coinbase’s user-friendly interface makes it accessible to both beginners and experienced traders. The platform’s intuitive design simplifies the buying process, allowing users to purchase Ethereum with ease.

Coinbase also provides users with advanced trading tools and charts, empowering them to make informed decisions. These tools enable users to analyze market trends and execute trades effectively.

Security is paramount when it comes to purchasing Ethereum and any other crypto. Coinbase employs state-of-the-art encryption protocols to safeguard users’ funds and personal information, providing peace of mind to investors.

2. OKX:

OKX stands out for its support of leverage trades, catering to both casual investors and seasoned traders looking to maximize their returns. This feature enhances the platform’s appeal to a wide range of users.

The global platform also offers multiple deposit methods, providing flexibility and convenience to users worldwide.

OKX also notably offers competitive commissions, allowing users to trade Ethereum cost-effectively. Lower fees translate to higher potential returns for investors, making OKX an attractive choice.

3. BDYFi:

With advanced security measures and an easy to use interface, BYDFi suits crypto traders looking to explore the world of spot markets, derivatives, and leverage. The platform supports over 250 cryptos and allows traders to make transactions without KYC registration, perfect for those looking for privacy.

Whether users prioritize simplicity, trading flexibility, or additional features, these platforms cater to diverse needs, providing a comprehensive solution for Bitcoin investors.

To learn more about BeInCrypto’s verification methodologies, follow this link.

In this guide:

Where to buy Bitcoin before the halving?What is Bitcoin halving?How does the four-year cycle of Bitcoin work?Common misconceptions about Bitcoin halving The history of Bitcoin halvingsOverview of all Bitcoin halvingsBitcoin halving history: Key eventsWhat to expect in 2024’s Bitcoin halving?How many more Bitcoin halvings will there be?What happens after the last Bitcoin halving event in 2140?How to prepare for a halving event How do Bitcoin halvings affect the price of BTC?What can the Bitcoin halving history tell us?Frequently asked questionsWhere to buy Bitcoin before the halving?The Bitcoin halving countdown is on. Before we dive into the history of Bitcoin halving, here are a few recommended platforms where you can pick up BTC ahead of this seminal event.

Coinbase

Platform

Brokerage

Fees

$0.99-$4.19

Availability

100+ countries

• Easy to navigate

• Powerful tools and charts

• Safe and secure

• Regulated

• State-of-art encryption

OKX

Platform

Exchange

Fees

0.08% (maker) | 0.1% (taker)

Availability

160+ countries

• Supports leverage trades

• Supports safe and secure transactions

• Multiple deposit methods

• Competitive commissions

• Low fees

BYDFi

Platform

Exchange

Fees

0.1-0.3%

Availability

170+ countries

• Cross-asset swaps

• Transparent and low fee structure

• One stop easy-to-use trading platform

• Competitive affiliate program

What is Bitcoin halving?The Bitcoin halving event, also called the Bitcoin block reward halving, is a periodic event in which the block rewards are reduced for Bitcoin miners by half. 

The halving event occurs once 210,000 blocks have been mined on the Bitcoin blockchain. Each miner receives a specific amount of Bitcoin once they mine a block on the Bitcoin network. When the Bitcoin halving event occurs, this amount is reduced by half.  

The Bitcoin halving is an essential part of the Bitcoin ecosystem, so much so that there is an active countdown each time it is expected to occur. Bitcoin was created with a deflationary mechanism and a fixed supply of 21 million coins. This means there can only ever be 21 million Bitcoins. As of mid-April 2024, over 19 million BTC have been mined. The reward halving was programmed into Bitcoin’s code to occur similarly until all 21 million coins were mined.  

It’s expected that there will be 32 Bitcoin halving events. To date, there have been three. The first Bitcoin halving event occurred in November 2012, and the block reward was halved from 50 BTC to 25 BTC. In July 2016, the second halving event took place. The block reward was halved from 25 BTC to 12.5 BTC. The third halving event occurred in May 2020, and the block reward was halved from 12.5 BTC to 6.25 BTC.  

The fourth Bitcoin halving event is expected to take place in April 2024. The block reward will be halved from 6.25 BTC to 3.125 BTC. The last halving event is scheduled to take place in 2140, the year when the last BTC will be mined. Once the last halving event occurs, Bitcoin miners will exclusively earn transaction fees. BTC users will pay this as an incentive to continue securing the Bitcoin blockchain and validating transactions. 

How does the four-year cycle of Bitcoin work?As a potential BTC investor, it’s essential to understand how Bitcoin’s four-year cycle works so that you can choose which Bitcoin halving investment strategies to employ and how to invest in BTC. 

Halving cycles began in 2009 when Satoshi Nakamoto, the creator of Bitcoin, mined the first block of Bitcoin. This was known as the Genesis block. In the early days after its launch, bitcoin had no monetary value, and people needed to be motivated to participate in mining. After the Genesis block, early miners were rewarded 50 BTC for every successful Bitcoin block they mined. 

It’s important to note that although Bitcoin didn’t really have any value at this point, the launch of the first-ever Bitcoin exchange in March 2010 (BitcoinMarket.com) led to an interest in this new digital currency. The Bitcoin price surpassed $1 in 2011 and experienced an upward trend after that.

With the fourth halving event set to occur this month, the process will continue until all 21 million Bitcoins have been mined. The table below summarizes the Bitcoin halving events so far.

EventDateBlock numberBlock rewardBTC created per dayLaunch of BTCJanuary 2009050 BTC7,200First halvingNovember 2012210,00025 BTC3,600Second halvingJuly 2016420,00012.5 BTC1,800Third halvingMay 2020630,0006.25 BTC900Fourth halving~April 2024840,0003.125 BTC450The halving event creates scarcity, which is supposed to impact the value of Bitcoin, causing it to experience a price increase gradually over time. Its occurrence creates an increased demand for bitcoin despite its diminishing rate of new creation, which results in an upward price increase. 

Although the Bitcoin halving history has always shown an increase in the price of Bitcoin around 12 to 18 months after each event, investing in Bitcoin shouldn’t be done mindlessly. An up-to-date Bitcoin technical analysis can help you make an informed buying and selling decision while considering other market drivers.   

Common misconceptions about Bitcoin halving Although the Bitcoin halving process is a much-awaited event in the crypto market, it’s also an event that’s shrouded by various misconceptions. Below are some of the more common ones:

Bitcoin halving results in an instant price increase: The halving history has always impacted the price of Bitcoin. However, these price increases have not always been as immediate as many people tend to think. Instead, the gains tend to be influenced by factors beyond the halving event. In addition, the price increase tends to be gradual, spanning several months.  Bitcoin halving leads to miner exits: Another big misconception surrounding halving events is that BTC mining will become unprofitable, leading to a mass exit of miners. However, this is not the case. Adjustments in the mining difficulty can help support a miner’s profitability (due to an increasing price) while also maintaining the protocol’s operational stability.  Bitcoin halving is specific to Bitcoin: Although the Bitcoin blockchain was the first to implement the halving mechanism, the process is not unique to Bitcoin only. Other digital currencies like Litecoin, Bitcoin Cash and Dash have incorporated similar techniques to regulate their coins’ inflation. Bitcoin halving is priced beforehand: Many believe the halving event is always already priced in. While the anticipation of the event can affect the price of Bitcoin, the intricacy of external factors and market dynamics indicate that the impact of the halving event cannot be fully recorded in advance.  Bitcoin halving results in increased transaction fees: Some crypto enthusiasts assume that the halving event leads to increased transaction fees, given that the block rewards diminish. However, this is different, as the available block space and demand influence network fees. Although network fees might surge, the change isn’t entirely dependent on the Bitcoin halving events.  Bitcoin halving guarantees BTC’s lasting value: While it would be great to see the value of a digital asset like Bitcoin constantly appreciate, halving does not guarantee this. Several factors influence Bitcoin’s value, such as market sentiments, regulatory changes, and technological advancements.  The history of Bitcoin halvingsTo date, three Bitcoin halving events have occurred since the digital asset was launched in 2009. Halving events have gradually impacted the price of Bitcoin, a trend that many BTC holders and investors hope will continue. 

Every Bitcoin halving event has led to increased media attention, significant price volatility, and speculative anticipation leading up to and after the event. That said, let’s have a look at the overview of all Bitcoin halvings below.

Overview of all Bitcoin halvingsBelow is a table of all Bitcoin halving events and the year they are expected to occur. Please note that some figures have been rounded off. 

Est. YearBlock numberBlock rewardNew BTC minedTotal BTC mined2009050002012210,0002510500000105000002016420,00012.55250000157500002020630,0006.52625000183750002024840,0003.12513125001968750020281,050,0001.56256562502034375020321,260,0000.781253281252067187520361,470,0000.390625164062.520835937.520401,680,0000.195312582031.2520917968.7520441,890,0000.0976562541015.62520958984.3820482,100,0000.04882812520507.812520979492.1920522,310,0000.024414062510253.9062520989746.0920562,520,0000.012207031255126.95312520994873.0520602,730,0000.0061035156252563.47656320997436.5220642,940,0000.0030517578131281.73828120998718.2620683,150,0000.001525878906640.869140620999359.1320723,360,0000.0007629394531320.434570320999679.5720763,570,0000.0003814697265160.217285220999839.7820803,780,0000.000190734863280.1086425820999919.8920843,990,0000.000095367431640.0543212920999959.9520884,200,0000.000047683715820.0271606420999979.9720924,410,0000.000023841857910.0135803220999989.9920964,620,0000.000011920928955.00679016120999994.9921004,830,0000.0000059604644752.50339508120999997.521045,040,0000.0000029802322381.2516975420999998.7521085,250,0000.0000014901161187.50.625848770120999999.3721125,460,0000.0000007450580593.750.312924385120999999.6921165,670,0000.0000003725290296.8750.156462192520999999.8421205,880,0000.0000001862645148.43750.0782310962720999999.9221246,090,0000.0000000931322574.218750.0391155481320999999.9621286,300,0000.0000000465661287.1093750.0195577740720999999.9821326,510,0000.0000000232830643.55468750.00977888703320999999.9921366,720,0000.0000000116415321.77734380.0048894435172100000021406,930,0000.000000058207660.888671880.00488944351721000000Bitcoin halving history: Key eventsNow that you have an overview of all Bitcoin halving events, past and future, let’s discuss the three that have already occurred. 

The first Bitcoin halving: November 2012The first ever Bitcoin halving event occurred in November 2012, marking an important part of the digital asset’s history. Let’s take a look at the before and aftermath of the first halving event:

Key data:Date: November 28, 2012

Total supply: Before the first halving event, Bitcoin had a total supply of over 10.5 million coins. 

Block rewards: Miners were rewarded 50 BTC for every new Bitcoin block they successfully mined before the halving event. 

Price of Bitcoin: Before the event, the price of Bitcoin was at roughly $12.35.

Block number: The halving event occurred after 210,000 blocks of Bitcoin had been mined. 

Bitcoin price movements According to data on CoinMarketCap, before the first halving event, the price of BTC was around ~$12. Following the halving, the price of Bitcoin began to increase gradually. By the end of March 2013, it had surged to nearly $90. This first Bitcoin halving event paved the way for an ensuing bull run. 

Bitcoin price: CoinMarketCapKey takeaways  The event reduced the Bitcoin block reward from 50 BTC to 25 BTC. This led to an adjustment to the difficulty of Bitcoin mining, making Bitcoin scarcer as the rate of new BTC entering circulation was reduced.  The first halving event created much anticipation for subsequent ones, as it impacted the price of BTC, gradually increasing it. So, while the increase wasn’t instant, 2013 achieved the highest price of over $1,000 since its launch in 2009. This event also set the pace for future halving events.  Since the first halving event, Bitcoin has undergone a significant evolution. This has seen it grow to become the biggest digital currency by market cap and innovate to compete fairly with other cryptocurrencies.  The second Bitcoin halving: July 2016Four years later, in July 2016, the Bitcoin network underwent its second halving event. Let’s examine what transpired before and after the event.

Key data:Date: July 9, 2016.

Total supply: Before the second halving event, there were around ~15.7 million coins in circulation. 

Block rewards: The block rewards for miners reduced from 25 BTC to 12.5 BTC. 

Price of Bitcoin: The Bitcoin price was slightly over $650

Block number: The halving event occurred after 420,000 blocks of Bitcoin had been mined.

Bitcoin price movements The second halving event in Bitcoin’s halving history set the momentum for significant price fluctuations. In early 2017, the price of Bitcoin grew to roughly $1,000. At the end of 2017, Bitcoin’s price had surged to over $17,000 by December 2017. The notable price surge was a result of various factors, including market sentiment and media coverage, among others.

Bitcoin price: CoinMarketCapKey takeaways  The second halving event reduced the block rewards from 25 BTC to 12.5 BTC, further emphasizing Bitcoin’s scarce nature. Bitcoin’s price surge also highlighted the impact of the halving events on Bitcoin’s price, making BTC an attractive store of value for BTC holders. In addition to the price increase, the second halving received significant media coverage and sparked conversation on social networks. This contributed to its adoption and continued growth and also shaped the Bitcoin narrative.  The third Bitcoin halving: May 2020Four years ago, in May 2020, the third halving event occurred. Let’s dive into the before and after effects of the third event.

Key data Date: May 11, 2020.

Total supply: Bitcoin’s total supply was at roughly 18.35 million coins before the halving event took place. 

Block rewards: The block rewards were reduced from 12.5 BTC to 6.25 BTC.

Price of Bitcoin: The price of BTC was slightly over $9,000. 

Block number: The halving event occurred after 630,000 blocks of Bitcoin had been mined.

Bitcoin price movements The third halving event significantly impacted the price of Bitcoin. The price of BTC gradually rose from around $9,000 before the halving event to around $27,000 by December 2020. 2021 was a good year for Bitcoin holders as it ushered in a bull run that saw the price of BTC skyrocket to trade at over $64,000 before it started declining as the crypto winter took hold.

Bitcoin price: CoinMarketCapKey takeaways  The third halving saw the mining reward reduce from 12.5 BTC to 6.25 BTC. In addition, it also helped to push the widespread adoption of Bitcoin among investors, given the diminishing number of coins entering the market.  The price increases experienced after this halving event established the role of halving events to the price of BTC. Increased interest from investors also made Bitcoin trend with the help of various memes.  Bitcoin continued to be recognized as an important store of value as it garnered increased attention from the general public, institutional investors, and the media.  The May 2020 halving event also reinforced Bitcoin’s importance within the wider financial sector. Bitcoin continued to innovate, introducing a wide variety of financial products such as Bitcoin options and futures.  What to expect in 2024’s Bitcoin halving?The fourth Bitcoin event is expected to occur in April 2024. There has been much anticipation leading up to it, with the price of Bitcoin rallying to reach an all-time high of $73,750 on March 14, 2024.

Miners production cost for 1 #Bitcoin right now is approx 50k$

In less than one week after halving, it will be approx 100k$

It means buying bitcoin at 60k$~ today is similar to buying it around 30k$ a few months ago

Maybe we chop few days after halving but it won't take much…

— CryptoVikings.HL (@CryptoVikings07) April 15, 2024 Besides the known drivers that impact the price of Bitcoin, a key development that impacted the price of Bitcoin in the last few months has been the approval of the Bitcoin ETFs by the U.S. Securities Exchange Commission. 

“The halving is the ultimate geek event for bitcoiners, but the 2024 iteration takes it up a notch because reduced supply combined with fresh ETF demand creates an explosive cocktail. What makes this halving unique is bitcoin has already surpassed the last cycle’s high — something it’s never done ahead of the quadrennial event — which makes trying to forecast the length and ferocity of this cycle much trickier.”

Antoni Trenchev, co-founder of Nexo: CNBC But even as the crypto community gears up for the fourth halving event, what exactly should you expect from the 2024 Bitcoin halving event?

Potential price volatility: Given Bitcoin’s speculative nature as a digital asset, the period around the halving tends to experience increased price volatility. Ergo, investors need to prepare for potential price swings as the market adjusts to the aftermath of the halved block reward.  Reduced block rewards: As with any other halving event, the fourth halving event will see the block reward reduce by half, from the current 6.25 BTC to 3.125 BTC.  Speculation and anticipation: The build-up to any Bitcoin halving event is always rife with anticipation and speculation on how the occurrence will impact the price of Bitcoin. If history is anything to go by, Bitcoin’s price has tended to increase in the lead-up to the event. Still, it’s important to note that various factors beyond the halving event influence the crypto market. Investors can use the cup and handle pattern to verify the potential of a price increase. Scarcity and supply: Halving events have always reinforced Bitcoin’s scarcity, attracting many new investors to BTC as “digital gold.” The reduced rate at which new coins enter the market causes an increased demand in BTC. This results in upward pressure on Bitcoin’s price and other digital assets. Nonetheless, this impact is not always instantaneous and tends to unfold over a couple of months and even years after the halving.  Heightened institutional interest: The period preceding the event has already experienced growing interest from institutional investors keen on finding suitable Bitcoin and crypto mining stocks to invest in. With the halving, it’s anticipated that the interest will expand and witness increased participation from more established corporations, financial institutions, and investment firms that have adopted BTC as an investment instrument.  Regulatory developments: With the hype surrounding halving events, it’s expected that there will be more calls for regulatory developments as BTC continues to experience widespread adoption. How many more Bitcoin halvings will there be?The last Bitcoin halving event is expected to occur in 2140. This is when the last BTC will be mined, and no new BTC will enter the market. In total, there will be 32 halving events. So far, only three halving events have taken place. This means that there are 29 more halving events left.

What happens after the last Bitcoin halving event in 2140?After the last Bitcoin halving in 2140, there won’t be any more Bitcoin that will be mined. It’s anticipated that this will be the year when the 21,000,000th BTC will be mined.

The Bitcoin protocol will transition to fully relying on transaction fees as the rewards that miners will receive. Given that 2140 is still far off, it’s unclear what the long-term impact will be on Bitcoin’s price, security, and overall role in the global financial system. Much of this remains speculative and will depend on various factors, such as broader economic conditions and technological advancements. 

How to prepare for a halving event There are various ways that investors can prepare for a halving event. Let’s take a look at some of the ways you can prepare for a Bitcoin halving:

Think long-term: Halving events has always resulted in some price volatility for BTC and other coins in the short term while showing significant growth in the long term. As such, investors need to adopt a long-term investment approach. Research: As always, investors need to do their own research before choosing to invest in a digital asset like Bitcoin. In addition, ensure you do your own analysis on broader economic conditions, investor sentiment, and market trends. This will help you have a clear grasp of past and upcoming halving events and historical price movements.  Manage your risk: Different investors have different risk tolerance and appetite. Before investing in crypto, ensure that you establish clear investment goals. Consider incorporating a risk-averse investment strategy such as the dollar-cost averaging or create a defense trading strategy based on various technical indicators such as the RSI indicator combined with Bollinger Bands, MACD, and others.    Diversify your portfolio: Investors can diversify their investment portfolio to include various digital assets. This will help to mitigate risks, given that Bitcoin’s price can be quite volatile. Although halving events historically have led to gradual price increases, there are no guarantees, and diversification can aid in protecting your investments.  How do Bitcoin halvings affect the price of BTC?Bitcoin halvings have historically been associated with bitcoin price increases. The reduced rate with which new BTC creation is achieved helps to create scarcity as the supply of new coins diminishes. This, in turn, tends to drive up the demand for bitcoin and, by extension, its price. 

However, a halving event does not always guarantee that it will immediately impact the price of bitcoin. Diversifying your portfolio and deploying various investment strategies can help protect your investments from volatile price swings in the market.

What can the Bitcoin halving history tell us?This guide to the Bitcoin halving history demonstrates that these events play an important role in the entire crypto market. Although they are subject to much-awaited anticipation and speculation, many savvy investors choose to focus on the coin’s long-term performance.

While the halving events tend to bring with them certain benefits, it’s important to note that as the block reward diminishes, there’s a chance that the changes could impact the protocol security and processing times. With the decreasing supply of new Bitcoin, demand tends to increase, which underscores the scarcity principle of bitcoin as “digital gold” and a store of value. The events have been known to be very pivotal and essential in the ongoing development of Bitcoin and its growth as a digital asset. 

Frequently asked questions Is halving good for Bitcoin? Yes, halving is good for Bitcoin. Bitcoin halving events have several benefits to the Bitcoin network. Reducing the rate at which new BTC is mined increase the level of scarcity, which impacts the price of Bitcoin. Moreover, halving events also typically attract new crypto investors, leading to increased trading activities.

Is Bitcoin halving every 4 years? Yes, Bitcoin halving was programmed to automatically self-execute roughly every four years once a set of 210,000 blocks had been mined. This will continue until all the 21,000,000 Bitcoin have been mined.

How many Bitcoin halvings are left? Currently, 29 Bitcoin halving events have been left. So far, three halving events have occurred since BTC’s inception in 2009. The first halving occurred in 2012, and the second and third in 2016 and 2020, respectively.

Will BTC go up after halving? Historically, the price of BTC has tended to go up gradually after a halving event. However, there are no guarantees that this will always be the case as the price of BTC is always influenced by factors like investor sentiment, market demand and supply, and technological advances, among others.

How high will Bitcoin go in 2024? As a digital asset, Bitcoin’s price is susceptible to various market conditions that make it volatile. Although the price of bitcoin reached an all-time high in March 2024, it’s nearly impossible to say how high it will be as various factors influence its price.

How much will 1 Bitcoin be worth in 2030? Several industry experts and crypto analysts speculate that Bitcoin’s price in 2030 will potentially be over $250,000, but there is no guarantee. Investors, therefore, need to tread very lightly and avoid investing using speculative prices only.

How high will Bitcoin go in 5 years? Current predictions suggest that Bitcoin could go as high as $100,000 or higher. However, there are no guarantees that this will happen as the price of Bitcoin is affected by several factors. In addition, there’s no way to know how the market will perform in five years.

Who owns the most Bitcoin? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoin at around 1.1 million coins spread across various Bitcoin wallet addresses. This is because he not only created BTC but also kickstarted Bitcoin mining.

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In recent months, Compound Finance has become one of the most popular lending platforms in the entire cryptoeconomy. Can it become the most popular?

To be sure, it remains to be seen if Compound will one day unseat Dai builders Maker atop the DeFi ecosystem, even if temporarily. Still, the project’s builders have recently been taking steps to make the “money lego” platform better and its users’ happier. That’s certainly a start.

For example, one of the bigger threads in Compound’s march toward maturity hit the limelight this week as attention gathered around its fresh audit. Specifically, the smart contract specialists at the OpenZeppelin project just published an audit on some of the Compound platform’s most important smart contracts.

⚠️ Here we present a summary of the @compoundfinance audit, including:

– System overview
– Privileged Roles and Future Direction
– Interest-free loans
– Counterproductive incentives
– Full audit reporthttps://t.co/OsGE6w3gnT

— OpenZeppelin (@OpenZeppelin) August 28, 2019

The good news? OpenZeppelin didn’t find any code issues that it deemed to be “critical.” But the auditors did find a series of lesser serious issues that helped the Ethereum community understand the fledgling Compound platform better.

Among these issues, one problem highlighted was that there are currently admin keys that could be used to compromise some of Compound’s tech.

Custodial Compound contracts pose a risk of *unsecured debt*

> cTokens used as collateral remain in the borrower's wallet but are non-transferable

> Admin could allow transfer of collateral cTokens… essentially enabling Compound debt to be undercollateralized https://t.co/jHzlwZgvQe

— Eva Beylin (@evabeylin) August 27, 2019

In response, Compound co-founder Robert Leshner later noted that the platform intended to evolve toward total decentralization.

“Absolutely; the FAQ […] and whitepaper […] are both very transparent about how the admin privileges work, and our goal to decentralize away from having an admin at all,” Leshner said on August 27th. 

Love ’em or hate ’em, Compound opening up their contracts for everyone to pick apart only works in their favor in the long run.

New Assets Being Voted In Like other cryptocurrency platforms, Compound only supports a select number of cryptocurrencies. But that number is about to get bigger.

That’s because Compound has opened up a voting period for its users to decide which digital assets they want to see on the platform next. The projects currently up for consideration include Maker, Tether, Decentraland, Huobi Token, Loom Network, Numeraire, OmiseGo, Paxos, and TrueUSD.

Voting has begun to select the next two Compound protocol assets!

????️ Make your selection: https://t.co/En6tOQffeo

???? Learn more: https://t.co/9uAeCVgcAD

⏱️ Voting is open for two weeks!

— Compound Labs (@compoundfinance) August 28, 2019

“Voting will last for 14 days, after which the 2 winning tokens will be added to the protocol following the creation of cToken integration contracts, successful security audits, and a determination of suitability,” the aforementioned Leshner said.

The Berlin Bump and Beyond Berlin Blockchain Week was earlier this month, and one of its events — ETHBerlin Zwei — saw no shortage of Hackathon projects built atop Compound. That gave the platform a tangible bump in usage.

According to tracker website DeFi Pulse, Compound has been steadily gaining on Maker’s DeFi dominance as of late. Of course, Maker still dominates more than 50 percent of the DeFi ecosystem, but Maker’s slice of the pie has been slowly declining as Compound has gained more attention.

2/ The total supply of DAI in the market has lowered around $14M in the last 90d thanks in part to CDPs moving to Compound and tools like @InstaDApp's Bridge. And so, the stability fee is starting to lower as a result. [TVL charts included for reference. Note difference in scale] pic.twitter.com/sckUjnPvL3

— DeFi Pulse (@defipulse) August 30, 2019

It’s not that one is more impressive than the other, rather that both are at the top of DeFi right now and Compound is notably gaining steam. With that said, Maker and Compound are far from enemies as the DeFi Pulse team has explained:

“For the time being, they appear to have a symbiotic relationship. Maker prints the DAI, Compound creates more demand for DAI in the market.”

Dharma Pivots to Compound On August 29th, Dharma — a top 10 DeFi project at present — announced that it was relaunching its cryptocurrency services upon having phased out its initial offering.

The twist? Dharma’s new services will rely on Compound’s liquidity pools. In moving away from crypto lending, the project’s first offering after the relaunch will be a savings product.

“Working with Compound allows Dharma to focus on the parts of the business which they do best, which in my view include design, product, and user experience, and instead outsource part of the stack,” Autonomous Partners founder and Dharma investor Arianna Simpson said on the news.

William M. Peaster

William M. Peaster is a professional writer and editor who specializes in the Ethereum, Dai, and Bitcoin beats in the cryptoeconomy. He's appeared in Blockonomi, Binance Academy, Bitsonline, and more. He enjoys tracking smart contracts, DAOs, dApps, and the Lightning Network. He's learning Solidity, too! Contact him on Telegram at @wmpeaster

$7 million of Ethereum (ETH) Moved from Gemini, Confidence or Dump impending?

Table of contents

Rocket Pool’s DAO has approved a proposal to launch part of its payments on Liquity Protocol V2’s BOLD, a decentralized overcollateralized stablecoin backed by rETH.

The launch of this new investment service enables Rocket Pool’s DAO members to access loans using Ethereum as collateral.

This service allows the members to access capital without the need to sell their Ethereum holdings, providing friendly loan conditions and entire control via Liquity Protocol V2’s collateralized debt platform.

Why Is This Decentralized Loan Offering Unique? This program by Rocket Pool is crucial as it offers new investment opportunities for its DAO members who hold Ethereum, enabling them to utilize their virtual tokens for liquidity without having to sell their holdings. This initiative is designed to provide an advanced and seamless approach to the DAO members to manage their investments, offering an option to traditional lending techniques that normally come with strict loan requirements and time-consuming approval procedures.

By providing Ethereum-backed loans, Rocket Pool is not just broadening its offerings but also establishing itself as a visionary decentralized staking protocol that understands the growing demand of the modern market. The integration highlights the rising adoption of crypto assets, offering users multiple alternatives to manage their money in the modern era.

Unlocking Credit for DAO Members This action by Rocket Pool is a strategic move to integrate Ethereum more deeply into the DeFi ecosystem. By enabling its DAO members to leverage their Ethereum holdings as collateral for loans, Rocket Pool is offering a solution that resolves the liquidity demand for Ethereum holders without forcing them to sell their tokens. 

This method not only helps members maintain their ETH investments but also offers them flexibility to engage in other financial expansion opportunities. This initiative’s flexible conditions make it appealing for users who are burdened by traditional loans because of borrowing restrictions. Lastly, the entire control provided through Liquity Protocol V2 ensures that customers can manage their loans effectively and seamlessly. 

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

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The long-awaited Linea airdrop is fast approaching, with the launch date set on September 10, 2025. Around 9.36 billion LINEA tokens will be distributed to over 749,000 eligible wallets. This will kickstart a major milestone for ConsenSys’ Ethereum Layer-2 project. While the crypto community is looking on, the question at hand is, what would be LINEA price when it finally hits the market? Even though numbers cannot be accurately predicted at this point, various factors could likely influence the Linea token launch price. 

Why Linea Airdrop Matters Linea token airdrop is approaching, as Linea is in the spotlight as a zk-rollup solution designed to scale up Ethereum, making it faster, cheaper, and easier for developers. The crypto project carries instant credibility in the Ethereum ecosystem, for being backed by ConsenSys, the team behind Infura and MetaMask. Linea promises to address the often spike in gas fees during busy periods by offering quicker transactions and lower fees. This positions it as a strong player in the race to Ethereum scalability.  

Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.

The eligibility checker is now live ahead of the September 10 TGE.

Check yours at https://t.co/GDV3kRe0Kf pic.twitter.com/emB8WlqCNF

— Linea.eth (@LineaBuild) September 3, 2025

Linea token airdrop

The team has made it clear that the Linea airdrop launch is not just a reward for early users, but is also designed to start Linea’s token economy.  As the 90-day Linea airdrop window opens, the token launch is expected to stir excitement across trading and DeFi communities, just like other high-profile rollups. 

What’s the Buzz on Price? We can get a glimpse of what the launch price will look like, given that LINEA is already having pre-market sessions like now on top exchanges such as Kucoin and MEXC. The token reportedly experiences price swings, trading from as high as $0.11 to as low as $0.00017. It is currently settling at around $0.03. Such a scenario is common in a typical pre-market environment because of low liquidity and scarce information. Most moves come from speculation rather than solid fundamentals.

LINEA 7-Day Pre-Market Price Chart (Source: Kucoin) According to analysts, the token’s price at launch could be somewhere between $0.02 and $0.05, based on an initial circulating supply of 15.8 billion tokens (about 22% of the 72 billion total). Still, launches of crypto airdrops can be notoriously unpredictable, so sharp pumps or steep drops are both on the table.

What Will Shape Linea Launch Price? Several key factors will likely decide where the price lands on launch day, amidst the Linea airdrop:

Airdrop Dynamics – 9.63 billion tokens are expected to be unlocked and dropped immediately into wallets. There’s a likelihood that some holders will quickly cash out, pulling down the price. However, if enough of them hold onto their tokens, the market will remain stable. Market Sentiment – The overall crypto sentiment is positive right now, even though the Fear and Greed Index is neutral at 41. Ethereum price is holding around $4,300, and the talk of potential U.S. Fed’s rate cuts is fueling more liquidity in the market. This creates a supportive environment for the launch. Linea’s Traction – Currently, Linea has a total value locked (TVL) of $1.28 billion and over 200 million transactions, according to DefiLlama. This positions it as one of the leading Layer 2 projects. Often, strong adoption translates into strong demand. Exchange Listings – Should top crypto exchanges like Big names like Binance or Coinbase list  LINEA, could experience a fast increase in liquidity and trading volume. This could push prices upwards. Final Thoughts Where the LINEA price lands on day one will come down to how many airdrop recipients cash out versus how many new buyers step in. By gradually unlocking the remaining 78% of tokens, it could keep prices in check. Not unless its adoption increases and demand outpaces supply.

Either way, the September 10 launch is a milestone not just for Linea but for Ethereum scaling as a whole, and the crypto world will be watching closely.

Frequently Asked Questions (FAQs)

The Linea token airdrop is set for September 10, 2025, with 9.36 billion tokens distributed.

Analysts estimate between $0.02–$0.05, but sharp volatility is likely.

Airdrop sell-offs, exchange listings, market sentiment, and adoption levels.

Crypto markets remain sideways; Only Bitcoin has moved, XLM and BNB dropping, Monero rising slowly. Market Wrap Crypto markets have inched backup a little today as Bitcoin makes another push towards resistance in the mid $9.5ks. BTC is still clearly in the driving seat and altcoin gains are marginal in comparison. Total market capitalization is back above $285 billion and heading towards a new 2019 high.

Following a day or two of consolidation Bitcoin broke out again in a one hour spike sending it to an intraday high of $9,350. Since then gains have held as BTC hovers around its highest price for over a year. A huge wall of resistance lies just above this level so further consolidation here is likely for the coming days.

Ethereum has done nothing again, not even getting a gain off Bitcoin’s 2 percent pump. ETH remains stagnant below $270 and further losses appear imminent. There is still support at $260 which is holding but there has been very little momentum for Ethereum all week.

Altcoin Outlook The crypto top ten has done very little over the past 24 hours with most coins moving less than a percent in either direction. The biggest movement has come from Stellar dropping another 2 percent and looking extremely weak. BNB is also down by a similar amount.

Very little is going on in the top twenty during Asian trading today. Monero is the only altcoin gaining as it makes 3 percent to top $100. Losing 3 percent are Cosmos and NEO. Tezos has now dropped out of the top twenty dumping another 4 percent today.

FOMO: MaidSafeCoin Making It There are no major pumps going on at the moment but the top performing altcoin in the top one hundred is MAID getting 13 percent. Nothing much is driving it aside from the usual anti Facebook rhetoric that everyone in crypto already knows.

6/ Remember Cambridge Analytica! You can’t trust #Facebook with your data, why trust them with your money…

— Autonomi (@WithAutonomi) June 19, 2019

Egretia is the second best performer grabbing 8 percent today. Getting dumped is yesterday’s fake pump, Insight Chain, as INB drops 12 percent. Ardor is also falling back hard with a 7 percent loss on the day.

Total market capitalization 24 hours. Coinmarketcap.com Total crypto market capitalization has increased by $2 billion or so on the day. This is pretty much all Bitcoin as the daddy drives markets to $288 billion. BTC dominance is still over 57 percent as the altcoins remain asleep for now.

Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

Unlike other industries, the crypto world is a very transparent one. As its core philosophy comes from the most popular blockchain-based projects such as Bitcoin and Ethereum, it’s no wonder that these projects are being developed in such open communities. Anyone willing to participate can join and propose their improvements and upgrades for networks. This was, after all, the vision of Satoshi, the original Bitcoin developer, who wanted complete transparency for blockchain technologies. In addition to the publicly available code, many crypto and blockchain projects have public ledgers of all their transactions along with whitepaper documents with detailed descriptions of their projects. 

All this transparency is necessary since many projects are getting funding for development by conducting initial coin offerings (ICO). That means that somebody has to invest based only on ideas or by looking at a minimum viable product (MVP). After fundraising, projects have to continue informing their investors about their progress and maintain a good reputation.

Various crypto ratings to inform youAs an individual, it can be difficult to keep track of all projects out there, but luckily there are a lot of crypto rating sites that can help you make a decision on whether to buy or sell the various projects’ tokens. 

Source: weisscrypto.com

One of the most famous ratings platforms is Weiss Crypto Rating, a reputable agency providing ratings for stocks and other assets on a global scale. They started to publish crypto ratings at the end of 2017 and currently they have 125 coins and tokens in their ratings. 

Another well-known rating report is published by China’s Center for Information and Industry Development. It features 35 coins, with EOS leading the pack. Nobody knows their criteria, but some projects get a lower basic-tech score despite being more advanced than the other projects getting a higher score. 

We can’t overlook Xangle, a disclosure platform for retail and institutional players.  It contains information about listings, partnerships, new updates, and it gathers on-chain data from all available blockchains. It’s entrusted by such exchanges as Bithumb, and it has the reputation of keeping an unbiased stance toward all projects, so it’s a mark of high quality when any project gets a high score. 

One of such projects is Max Crowdfund, which got a perfect score of 63/63 recently, being the first project to achieve this on Xangle. It scored so high because of their complete transparency, providing all information about their finances, management, and working practices. 

“We wish that all companies would provide information so openly and transparently. Max Property Group should be the benchmark for disclosure in the blockchain space,” says Hae Min Park, Managing Director of Xangle.

Source: xangle.io

To provide such information, the team at Max Property Group had to go through a due-diligence process by Xangle. As a result, the Due Diligence Report will be available to all Xangle-partnered exchanges, which will help the project in the listing process. 

There are several reputable projects reviewed by Xangle, such as Ardor, Aeternity, IOTA, Binance Coin, and Bancor, but none of them achieved a perfect score yet, unlike Max Crowdfund. With such a high score the company has set the bar very high, and it is to be seen whether other companies will follow this exemplary way of providing an insight in their operations and finances.

Tagged:

The Future of Crypto: The Latest Cryptography Advances Set to Change Blockchain

PANews reported on September 26th that, according to Blockworks , Genie founder Scott Gray launched the social trading app Share , securing $5 million in funding from investors including Coinbase Ventures , Collab+Currency , and Palm Tree Crypto. Share supports the three major public blockchains: Solana , Base , and Ethereum , providing real-time insights into users' on-chain transactions and allowing them to track wallets, view market trends, and trade tokens. Each wallet automatically generates a Share profile, allowing users to link multiple wallets and Farcaster accounts. Share will compete with similar products like Fomo and the social features of giants like Robinhood and Coinbase.

Cross-chain transactions today feel like international travel before budget airlines – expensive, time-consuming, and filled with unexpected complications. You might start with ETH on Ethereum, but moving it to Cosmos for staking or to Solana for trading means dealing with complex bridges, waiting through lengthy confirmations, and accepting security risks along the way.

This fragmentation isn’t just annoying, it’s holding back the entire industry. With over $2 trillion in digital assets now spread across dozens of blockchains, we’re facing a reality where our technological ambitions have outpaced our infrastructure.

The Multi-Chain Future Has a Bridge Problem The crypto ecosystem has evolved beyond single-chain dominance. Ethereum, Solana, Cosmos, Avalanche, and numerous L2s each offer unique capabilities and communities. While solutions like LayerZero and Cosmos IBC have improved connectivity, bridges remain the Achilles heel of cross-chain finance.

Consider the sobering statistics: over $2.5 billion has been stolen through bridge hacks. From Ronin’s $620 million exploit to Wormhole’s $320 million hack, bridges represent the single largest attack vector in crypto today. Why? Because most rely on centralized validators, multisigs, or external oracles that create single points of failure.

Even when bridges work as intended, the user experience is painful. Transfer USDC from Ethereum to Cosmos, and you’re looking at a 16-minute wait, enough time for market opportunities to appear and disappear. Add the liquidity fragmentation that forces users to bridge assets repeatedly, and it’s clear why cross-chain DeFi hasn’t reached its potential.

Rethinking Cross-Chain Transactions From First Principles Agoric approaches this challenge differently, having built for interoperability from day one rather than bolting it on afterward. The platform’s recently launched Orchestration API represents a fundamental shift in how cross-chain applications work.

The key innovation lies in how Agoric handles multi-step blockchain operations. Traditional smart contracts must execute within a single block, like trying to complete a complex process in one breath. Agoric’s contracts can persist across multiple blocks, responding to events and managing sequences of actions automatically.

This seemingly simple technical shift enables powerful real-world capabilities:

1. Security Through IBC, Not Bridges Agoric leverages the Inter-Blockchain Communication protocol (IBC), a thoroughly audited, trust-minimized protocol that’s moved billions in assets without a single security incident. Unlike traditional bridges that rely on centralized validators, IBC establishes direct chain-to-chain communication with security inherited from the underlying chains.

Native’s integration with Agoric’s Orchestration API streamlines Bitcoin transactions in Cosmos, removing the need for manual bridging or wrapping at the user level. Behind the scenes, Agoric Orchestration coordinates the necessary cross-chain workflows, enabling frictionless Bitcoin interactions across Cosmos applications.

2. Automated Cross-Chain Workflows Calypso’s implementation of Agoric’s Orchestration API transformed what was once a six-step staking process into a single click. For users, the complex sequence of bridging, swapping, and staking happens automatically in the background.

Fast USDC, another Agoric implementation, cut cross-chain transfer times from 16 minutes to just 2 minutes, a 90% improvement that makes DeFi opportunities accessible that would otherwise be missed during traditional bridging delays.

3. Developer-Friendly Tooling Agoric’s decision to use JavaScript for smart contracts means that 17 million developers worldwide can build cross-chain applications using a language they already know. This familiar async/await pattern is particularly powerful for orchestrating complex cross-chain operations.

Union’s integration with Agoric demonstrates this approach in action. Their implementation uses zero-knowledge cryptography for trustless bridging between chains, with Agoric handling the complex orchestration of cross-chain messages.

Real-World Applications Transforming Finance These technical capabilities translate to concrete use cases that are changing how users interact with blockchain:

Multi-Chain Lending and Borrowing Elys Network is using Agoric’s Orchestration API to create CEX-like experiences in DeFi. Users can borrow assets on one chain and repay on another without manually bridging. The platform handles LP management and derivatives trading across chains without requiring users to understand the underlying complexity.

Cross-Chain Treasury Management For DAOs managing treasury assets across multiple chains, Agoric enables automatic fund distribution without complex manual operations. Contributors can receive payments in their preferred tokens on their preferred chains through a single orchestrated transaction.

Interchain Gaming and NFTs The gaming industry particularly benefits from cross-chain asset transfers. Rather than relying on wrapped NFTs, games can use Agoric’s Orchestration API to enable smooth NFT transfers across chains, preserving ownership and utility. A sword earned on one chain can be seamlessly used in a game on another.

The Foundation Two key components make these capabilities possible:

BLD: Securing Cross-Chain Operations The BLD token is essential for securing Agoric’s proof-of-stake network, ensuring the reliability of long-running smart contracts and cross-chain transactions.

By staking BLD, validators and delegators help maintain network security and economic stability, which is particularly important for applications that require persistent execution across multiple blocks. This security model makes sure that complex processes, such as cross-chain lending, automated trading, and multi-step DeFi operations, can execute safely and predictably, even over extended timeframes.

IST: Stable Liquidity Across Chains IST (Inter Stable Token) provides a native, overcollateralized stablecoin designed specifically for cross-chain operations. Unlike bridged stablecoins that create security risks, IST offers native stability while enabling seamless movement through IBC.

The Road Ahead The multi-chain future isn’t coming, it’s already here. The question isn’t whether assets will flow between chains, but how securely and efficiently they’ll do so. Agoric’s approach of building for interoperability from the ground up, rather than adding bridges as an afterthought, positions it uniquely in this landscape.

Recent partnerships demonstrate growing ecosystem support, with over 60 builders already exploring applications through the Early Access Program. Implementations like Fast USDC are already processing millions in daily volume, proving the technology works at scale.

For developers and DeFi users looking to participate in this multi-chain ecosystem, Agoric’s documentation provides comprehensive guides to building with the Orchestration API. The future belongs to those who can make blockchain’s borders invisible by delivering on the promise of truly open, connected financial systems that just work.

Table of contents

Prom, a popular modular ZkEVM L2 that offers interoperability across diverse chains, has recently announced an exclusive integration. The platform has reportedly integrated ARPA which is an Ethereum-based well-known permissionless network that intends to provide a privacy-preserving, secure, and fair blockchain forum. The company disclosed the news of this integration on its official X account.

Prom Integrates ARPA Into the Ecosystem

We’re thrilled to introduce another infrastructure partner in our ecosystem, meet @arpaofficial, a permissionless threshold BLS signature network.

ARPA builds a verifiable on-chain randomness oracle, Randcast, which is now live on… pic.twitter.com/RMoapemuip

— Prom (@prom_io) May 24, 2024 Prom Unveils Its Latest Integration of ARPA to Offer a Secure and Privacy-Preserving Forum It expressed its enthusiasm in a recent X post. As per the company, ARPA has now entered the list of its infrastructure partners. With this integration, Prom has reportedly onboarded ARPA onto its ecosystem. While providing details, the firm noted that ARPA developed Randcast (a certifiable randomness oracle on the chain). According to Prom, the respective project is currently live on several ecosystems.

The respective ecosystems take into account Redstone, Base, Optimism, and Ethereum. In addition to this, it is also moving forward toward the other chains. The platform added that it targets the inclusion of additional builders in the Web3 gaming sector. Keeping this in view, the latest integration plays the role of a remarkable achievement. It indicates that the firm is continuously pursuing its journey to revolutionize the gaming sphere in Web3.

The Integration Intends to Provide a Resilient Infrastructure for a Better Experience Apart from that, Prom brought to the front that infrastructure secures a critical position in every ecosystem. It added that the resilient infrastructure products offer several benefits in the Web3 realm. In this way, the respective projects strengthen this sector. The platform reportedly pays significant attention to this factor.

The platform pointed out that, in line with the vital contribution of a resilient infrastructure, it intends to boost it. It asserted that the firm pursues new opportunities to enhance the exchange across the products. The respective exchange within its ecosystem will reportedly get substantial contributions from the team of ARPA.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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