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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Huobi Eco Chain’s TVL surges to $2.7b, but two DApps represent 86% of locked assets

The decentralized exchange Mdex and yield aggregator Filda represent roughly $2.4 billion of Heco’s $2.7 billion TVL combined.

Despite Huobi Eco Chain attracting an impressive total value locked (TVL) since launching in December, just two DApps represent 86% of the blockchain’s TVL.

According to crypto data aggregator, CryptoRank, approximately $1.98 billion or 73% of Heco's TVL is locked in the Mdex decentralized exchange.

Mdex is Heco’s rival to PancakeSwap, an automated market maker offering yield farming incentives to users. In early April, Mdex also launched on BSC to gain access to a wider range of tokens not supported on Heco Chain.

Yield aggregator Filda is the second-largest DApp on Heco, with Filda representing a TVL of almost $400 million or 13% of Huobi Eco Chain’s combined value locked. As such, all other DApps share the remaining 16% or roughly $300 million in assets locked in Heco.

Huobi’s Ethereum Virtual Machine (EVM)-compatible public chain was rolled out in December 2020 to compete with among the emerging sector EVM-interoperable chains.

In spite of the capital centralization, Heco is now significantly beating out many of its rivals by TVL, including the $362 million TVL of performance-focused Solana blockchain has a total value locked of $362 million according to SolanaProject, and Avalanche’s has $225 million locked according to the Markr explorer.

According to Heco Chain stats, the number of unique addresses interacting with the chain has surged 390% over the past three months to tag a record 12 million. Heco also reports a daily transaction count of 1.67 million.

In April, Heco teased that it had received applications from 213 DApps hoping to launch on the blockchain.

Heco is also a long way from challenging its principal rival, Binance Smart Chain, which boasts a TVL of $20.6 billion according to BSCProject — more than seven and a half times that of Heco Chain. The top BSC project is PancakeSwap with $7.8 billion locked or 38% of BSC’s combined TVLl.

Binance Smart Chain also hosts.1 million transactions daily according to BSCscan.

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