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🔝 Top 10 Chains by App Revenue in February In February, BNB Chain set a new record for app revenue at $16.5M, rising from $10M in January. Meanwhile, Sonic Labs outpaced Sui in this metric, reaching $3.8M. Hyperliquid is emerging as a leader, closing in on Ethereum, whose app revenue dropped by 30% compared to January. Solana also saw a sharp decline, with app revenue plummeting over 50% from $643M to $280M.

World Network, formerly Worldcoin and a blockchain project co-founded by OpenAI chief executive officer Sam Altman, has launched a new chat application aimed at connecting real humans. World Chat, the World Network ( WLD ) team announced on March 6, is a “mini app” that users can access to connect with and interact with real humans. The app, currently in beta, will feature end-to-end encryption to help maintain user privacy. The launch of World Chat represents World Network’s latest effort to bring its proof-of-personhood feature to the global community. According to details in their blog post, the mini app integrates with the project’s World ID protocol and World App wallet, allowing users to determine whether the individual they are chatting with is verified as a real human. The goal, according to World Chat developers, is to help users tackle the problem of bots. Like iPhone maker Apple’s iMessage, World Chat will use chat bubbles to distinguish between verified and unverified identities. In this case, the mini app will display blue chat bubbles for verified accounts and grey bubbles for unverified ones. “By connecting to World ID, World Chat allows you to know when you’re chatting with a verified human. Conversations with verified World ID holders feature a blue chat bubble as well as a unique World ID gem in the upper right corner. Conversations with non-verified accounts feature a grey chat bubble and no such gem,” the World Network team wrote. Beyond chatting capabilities, World Chat will allow users to send and receive cryptocurrencies. In addition to digital finance, developers can also leverage the protocol’s software development kit to integrate proof-of-human applications and services. World, formely Worldcoin , launched in July 2023, allowing people to verify their human identity via its iris-scanning orbs. Despite notable hurdles and regulatory challenges, the project’s World App wallet has registered more than 24 million users. The project has surpassed 11 million verified unique humans. Meanwhile, more than 486 million of the native token WLD has been distributed to people across 160 countries.

Emirates NBD, a Dubai government-owned bank, has activated digital currency trading services through its subsidiary platform, Liv. According to reports, Liv has started allowing customers to buy and sell digital currencies via its new app, Liv X . This move by Emirates NBD highlights Dubai’s progress in the region’s move to establish itself as a leader in the crypto industry. The city has been leading the way in making clear rules and allowing crypto service providers to get licenses to operate. Top crypto exchanges like Binance, Crypto.com, and OKX have gained licenses to operate in the region following Dubai’s friendly laws. Emirates NBD is partnering with Aquanow, a digital assets platform licensed by Dubai’s Virtual Assets Regulatory Authority (VARA). The bank will use the latter’s infrastructure while adopting Standard Chartered-backed Zodia for custodial purposes. Related: Dubai Tightens Crypto Rules: Whale Disclosure Mandated Aquanow CEO Phil Sham described the latest development as a defining moment for digital assets in the UAE and beyond. Sham considers Emirates NBD’s latest move a crucial signal to a broader shift toward mainstream adoption. Furthermore, Sham noted that the collaboration between his firm and the national bank highlights how traditional banking and digital assets coexist. According to Sham, the partnership will provide customers with seamless, secure, and compliant access to the emerging digital economy. Related: Dubai’s Virtual Assets Regulator Cracks Down on MKAN Coin for Illegal Operations At the same time, Emirates NBD’s retail banking head, Marwan Hadi, said his group is dedicated to innovation as crypto adoption grows in the UAE. As of March 5, the newly launched platform allows Emirates NBD’s customers to trade five crypto assets, which are Bitcoin, ETH, XRP, SOL, and ADA. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Top 10 Chains by App Revenue in February - Hyperliquid catching Ethereum.