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Ethereum governance solution Tally to shut down after five years, fails to secure sustainability

Decentralised governance solution Tally will shut down after five years, The Block reported on Tuesday. The service worked with major Ethereum-based applications including Uniswap and Arbitrum and supported payment flows of more than $1 billion, but failed to secure sustainability amid market changes. Tally had initially pursued an ICO but decided to stop, citing an unsuitable market environment, its CEO Denison Bertram said.

Crypto

Injective to support native issuance of Circle's USDC, add cross-chain transfers

Injective will support native issuance of Circle’s dollar stablecoin USDC and integrate the Cross-Chain Transfer Protocol (CCTP), The Block reported on March 17. The integration will allow USDC to be moved directly between blockchains without using a bridge. Injective plans to adopt Circle’s CCTP to support safer transfers than bridge-based methods by burning USDC on the source chain and minting the same amount on the destination chain.

Crypto

Aster launches privacy-focused native blockchain Aster Chain mainnet

Decentralised perpetual futures exchange Aster has officially launched the mainnet for its privacy-focused native blockchain, Aster Chain, The Block reported on March 17. After the announcement, the ASTER token jumped 8 percent. Aster Chain targets performance comparable to centralised exchanges and supports a 50-millisecond block time and 100,000 transactions per second. It uses stealth addresses and a viewer pass feature to control disclosure of transaction histories.