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Klaytn (KLAY) and Finschia (FNSA) are looking to merge to create a new chain as they look to dominate Asia’s Web3 market. The integrated blockchain will be compatible with Ethereum EVM and Cosmos (CosmWasm). Klaytn, the dominant blockchain for Web3 in South Korea and with significant traction in Singapore and Vietnam, has its eyes fixed on taking over the Asian market with a mega merger involving Finschia, a leading public blockchain in Japan.  Finschia blockchain was previously LINE blockchain. In an announcement on Tuesday, Klaytn said it had submitted a governance proposal to merge its metaverse and GameFi-focused network with Finschia to “create Asia’s largest Web3 ecosystem.” “ The integrated blockchain will inherit and connect Web3 assets based on LINE and Kakao messengers, creating a robust ecosystem with over 250 million user touchpoints in Asia, ” the Klaytn Foundation noted. A new token PDT Should the pr...

Ethereum’s $10 Billion Revenue Milestone Outpaces Tech Giants; Ethereum, the CRYPTOCURRENCY runner-up by market capitalization, recently celebrated a groundbreaking achievement: surpassing $10 billion in protocol revenue . In doing so, it raced ahead of tech behemoths Microsoft and Adobe . Caleb & Brown, a noted cryptocurrency brokerage, highlighted Ethereum’s impressive acceleration. It took Ethereum a mere 7.5 years to hit this revenue landmark, outpacing Microsoft and Adobe, which took 19 and 20 years, respectively. This revenue boon arose primarily from fees on transactional activities, encompassing decentralized finance (DeFi) app usage, ERC-20 token creation and trading, NFT dealings, and more. However, it wasn’t all rosy for Ethereum. Despite its accelerated growth, Ethereum’s annual revenue dipped over 77% from last year, reflecting the broader CRYPTOCURRENCY market downturn. As per Token Terminal, a crypto analytics entity, Ethereum’s 2023 earnings s...