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SocialFi is the new crypto trend of 2023 The expansion of SocialFi into the DeFi (Decentralized Finance) and Web3 social media markets represents a significant convergence of digital finance and social interaction. SocialFi is bridging the gap between traditional financial systems and the emerging Web3 landscape, enabling users to seamlessly integrate their social media presence with decentralized financial services. This expansion empowers users to leverage their social capital and online interactions to access financial opportunities within the DeFi space. By integrating social data and reputation into the DeFi ecosystem, SocialFi introduces innovative ways for individuals to tokenize their web2 profiles like Twitter accounts to make them valuable assets.   Sociogram – the rising star of SocialFi Here comes Sociogram – the first ERC20-based SocialFi social media. What are the main advantages and how did the team behind Sociogram reinvent SocialFi after the Frie...

According to recent data on DefiLlama, Arbitrum has been ranked second in terms of DEX volume. The network took over its counterpart, Binance Smart Chain, and it is currently standing right below Ethereum. Source As seen in the above image, Ethereum’s weekly volume dipped by 13.88%. Arbitrum , on the other hand, has been up by 34.15% over the last 7 days. BSC was mirroring Ethereum as its volume dipped by 16.39%. At press time, Arbitrum ’s daily volume was at a high of $395.22 million. BSC was right behind at $331.78 million. Ethereum conquered the competition with $1.47 billion in 24-hour volume. Arbitrum has been thriving lately. The daily transactions chart highlighted that the network hit an all-time high. Earlier today, the network recorded the highest number of transactions (929,689). Source Furthermore, the number of unique addresses in the network also followed suit and went on to reach an all-time high of 2,924,658. Why is Arbitrum outshining t...