CRYPTO NEWS

Flint wallet launches dApp browser support for iOS devices

Flint, a browser extension wallet, has unveiled a dApp browser support for iOS devices. The protocol announced the development in a series of Twitter posts on its official handle. Reportedly, the dApp browser support will serve as an upgrade to Flint wallets running on IOS devices.

According to Flint, the new upgrade will pave the way for iOS devices to run Cardano-oriented dApps without any hitches. The upgrade envelopes two major new features; the first feature is the integration of a dApp browser, and the second feature allows users to directly use the Milkomeda wrap/unwrap transactions in the Bridge from the transaction’s link in Flint.

Additionally, the newly incorporated features enhance user experience in the decentralized finance (DeFi) world. The wallet service provider also relayed the updated graphical outlook of the wallet. This was done so that iOS users could glimpse what they stand to enjoy after downloading the wallet’s upgraded version.

The new upgrade further allows subscribers to surf directly or their desired cardano-based dApp on the network. However, Flint says the latest upgrade is only available to users running their wallets with iOS devices. According to the protocol, it will add these features to its android version.

The Co-founder of dcSpark, Sebastien Guillemot, also shared the announcement on his official Twitter handle. According to him,

“dApp browser is now available for iOS. Compatible with every dApp on Cardano! No developer tweaks are required. Our new fast backend is also almost ready! Android is pending approval.” 

The unveiling of the new Flint iOS upgrade was greeted with a series of commendations by Cardano investors. The development, as believed, tends to increase the level of investors in Cardano’s ecosystem.

Recall that Hardware wallet provider Ledger had announced the adoption of 100 tokens on the Cardano blockchain in the past week. The initiative, as reported, will allow Cardano users to have their tokens in a secured hardware wallet provided by Ledger. 

The adoption of Cardano-based tokens by Ledger came a few months after the latter added support for Cardano to its Android Version. Reports indicate a rise in the transaction volume on Cardano. It recorded a 5% increment in transactional activities in June compared to May. Additionally,  the ecosystem recorded about 44.8 million different activities from May to June.

Cardano’s native token ADA trades at $0.4987483. It enjoys a market cap of over $16.92 billion and $722.39 million in the last 24 hours.

Related

Bitcoin And Ethereum Eye 30% Jump In August Despite Lacklustre On-Chain Activity

This year, Bitcoin has yielded under external pressures, printing more lows and keeping other crypto assets pinned down despite efforts by investors to keep prices buoyed. The first half of 2022 saw the cryptocurrency plummet roughly 75% to briefly trade below $19,000 for the first time since December 2020. Ethereum was not spared in the::Listen

Bitcoin And Ethereum Eye 30% Jump In August Despite Lacklustre On-Chain Activity

This year, Bitcoin has yielded under external pressures, printing more lows and keeping other crypto assets pinned down despite efforts by investors to keep prices buoyed. The first half of 2022 saw the cryptocurrency plummet roughly 75% to briefly trade below $19,000 for the first time since December 2020.

Ethereum was not spared in the sell-off and plunged by over 81% to a multiyear low of $886 despite tapping an all-time high of $4800 in early November. The global cryptocurrency market capitalization also lost over half its value, from $2.9 trillion to just under $1 trillion.

On-chain Activity Taps Lowest Levels

Despite displaying intense price action, the price drop coincided with a gradual deterioration of their aggregate network usage and congestion by BTC and Ether networks. According to the latest report by Glassnode, Ether gas prices have slumped to just 17.5 Gwei, with BTC fees dropping to their lowest level since May 2020. Transaction demand and active addresses on the two networks have also witnessed a gradual decline since May 2021.

“With exception of a few activity spikes higher during major capitulation events, the current network activity suggests that there remains little influx of new demand as yet.”Glassnode wrote.

The SOPR – the silver lining for BTC, ETH resurgence?

Despite the two largest networks portraying lacklustre on-chain activity, the Spent Output Profit Ratio (SOPR) indicator has shown signs of a recovery. The SOPR indicator captures the average profit or loss realized by the market on spent coins.

If the indicator rises above 1.0, it indicates that more profits are being realized, signalling that the market has enough demand to push prices higher. In contrast, when the indicator drops below the 1.0 value, investors are taking more significant losses, meaning that coins are sold below their average cost.

Currently, the Bitcoin SOPR is attempting to break above the 1.0 value after a failed attempt in June. “Usually, the market requires several attempts before escape velocity can be reached. An ideal bullish scenario would be a break above 1.0, and then a retest, finding support.” Glassnode wrote.

C:UsersNewtonDownloads8_btc_sopr (1).png

Ethereum’s SOPR has pierced above the 1.0 value and is currently retesting at support, an encouraging indication that the cryptocurrency could soon be out of the woods.

C:UsersNewtonDownloads9_eth_sopr.png

That said, whereas both Bitcoin and Ethereum have seen an excellent rebound in prices, emerging from highly oversold conditions, investors may want to keep watching the SOPR and other indicators that show demand activity to gauge if the ongoing relief rally can sustain or better yet, turned into a full-blown bull market.

Flint wallet launches dApp browser support for iOS devices

Shopping cart
There are no products in the cart!
Continue shopping
0