1386
Twitter: twitter.com/asxn_r Substack: asxn.xyz Contact: @fromm_esf @munehisa_asxn
Daily Notes: 13-02-2024
Developments
- Babylon and Informal Systems propose to bring BTC staking to Cosmos. source
- Ripple struck a deal to acquire Standard Custody, which will allow Ripple to offer further services to financial institutions such as tokenization via Standard Custody’s New York limited purpose trust charter and other licenses. source
- Nym received a $150,000 Zcash community grant to integrate the Nym mixnet with Zcash. Nym Mixnet will reinforce user privacy by protecting against traffic analysis and ISP snooping on Zcash’s network layer. source
- Sushi’s new perpetual DEX on Layer N, Susa, is now open for waitlist sign-ups. source
- Yesterday, Franklin Templeton applied for a spot Ethereum ETF. James Seyffart, an analyst at Bloomberg, has estimated a 60% approval for the ETF in May (expected decision date). source
- Pixelmon to build their RPG NFT game on Immutable’s zkEVM. source
- Founder of Binance, Changpeng Zhao (CZ), sentencing on money laundering charges moved to April 30th. source
- Manifold Finance proposed that the ENS DAO pay a $300,000 settlement regarding the eth.link domain. eth.link was auctioned to Manifold Finance after the ENS founder failed to renew the domain. Manifold was then ordered to return the domain to ENS labs by an Arizona federal Court. source
Trending Assets and Volumes
- ETH memecoins had a good day: JOE (memecoin) is up 231%, MOG is up 57.45%, and SPX is up 56.23%.
- PANDORA is up 16.57% over the past day. BLUR is up 6.20%.
- RNDR, up 4.39%, and MNT, up 4.21%, had a good day.
- PANDORA, LINK, PORK, MOG, and AAVE dominated on-chain volumes
TVL
- UNCX Network V3, multichain liquidity locker, TVL grew by 156.67%.
- Keep3r Network, decentralized keeper network, TVL grew by 97.42%.
- Amphor, yield strategy protocol on Nuls, TVL grew by 29.59%.
Fees
- Ethereum fees earned are down -21%, Optimism fees earned are up 234%, dYdX V3 fees earned are up 212% and Joe V2 fees earned are up 121%.
Full notes here:
https://x.com/asxn_r/status/1757491566195666950
We posted a short thread looking into TapiocaDAO's tokenomics:
https://x.com/asxn_r/status/1756032818986328542
Daily Notes: 08-02-2024
Developments
- A temperature check proposal to deploy Uniswap on Zora passed. source
- Justin Sun deposited 109,327 stETH ($259 million) into Eigenlayer. source
- Horizen is no longer a privacy chain after today’s hard fork, which removed shielded pools. The hard fork was voted on by the DAO. source
- ENS is considering building its own Layer 2 instead. source
- Farcaster revenue reaches $565,000. source
- The Dencun upgrade (EIP-4844) for the Ethereum mainnet is set for March 13th. source
- 25.1% (30.17 million ETH) of the total ETH supply is staked on the network. source
- UniSat partnered with MagicEden to integrate Magic Eden Wallet connections for the UniSat Inscribe and UniSat Marketplace. source
- NFPrompt inscriptions went live. source
- ApeCoin’s DAO votes to build ApeChain powered by Arbitrum and with growth led by Horizen Labs. source
- Equilibria, a yield booster built on top of Pendle, surpassed $136 million. source
- Jupiter brought three potential launchpad token candidates to the JUP DAO. Candidates include Liquid staking service Sanctum, NFT lending and borrowing platform Sharky, and interoperability protocol deBridge. source
- Taiko committed 1% of its token supply to the protocol guild. source
- OKX Ventures announced a seed investment in Dextools. Dextools will also be integrating the OKX aggregator. source
Trending Assets and Volumes
- PANDORA continues to perform well, and is up 51.64%.
- GF, up 25.70%, BIGTIME, up 11.33% and ID, up 9.78%, performed well today.
- BTC is up 4.87% today. RNDR is up 4.75%.
- PANDORA, wTAO, PORK, RUG and ezETH dominated on-chain volumes
TVL
- Equilibria, yield booster built on top of Pendle, TVL grew by 49.44%.
- Puffer Finance, native liquid restaking on Eigenlayer, TVL grew by 40.36%.
- SUNSwap V3, DEX on TRON, TVL grew by 28.5%.
Fees
- Curve DEX fees earned are up 872%, Ethereum fees earned are up 89.37% and Opensea Seaport fees earned are up 66.82%.
Full notes here:
https://x.com/asxn_r/status/1755704461668790686?
Daily Notes: 06-02-2024
Developments
- Binance will delist privacy token XMR, ANT, MULTI, and VAI on 20th February. source
- Solana was down for 5 hours due to the mechanism to deploy, upgrade and execute programs on Solana (BPF), failing. source
- A proposal has been posted to Aura Finance to optimise AURA tokenomics. If successful, the proposal will reduce AURA emissions by 12% immediately, with further reductions every 6 months. source
- Following EigenLayer’s removal of their staking cap, the protocol's TVL has exceeded $3.85 billion, a 56% increase in 24 hours. source
- Renzo partnered with Connext to bring cross-chain staking to Arbitrum. Unrelated, Renzo also opened deposits for wBETH and stETH. source 1 source 2
- Pudgy Penguins partners with Magic Eden (ME) as their preferred marketplace. The partnership involves Pudgy Penguins advising ME and exploring opportunities to integrate Magic Eden into the virtual worlds and games of Pudgy Penguins. source
- Coinbase added Helium Mobile (MOBILE) to their assets roadmap. source
- Dymension failed to reach consensus as they launched their mainnet due to only one validator, Chorus One - who holds 34.8% of network stake, failing. source
- Binance listed Dymension (DYM) after delaying by 1 hour due to the Dymension network going offline. source
- MetaMask partnered with Robinhood to allow Robinhood connect users (crypto on-ramp service) to purchase crypto through MetaMask’s Buy Crypto aggregator. source
- Connext integrated bridging for Metis. source
Trending Assets and Volumes
- PANDORA, a protocol which utilizes a new token standard (ERC404), is up 86.54%. SPA is up 31.64%. DMT is up 14.23%.
- METIS had a good day, is up 12.98%. ENS is up 12.71%, and RBN is up 8.69%.
- Layer 2’s have been performing well. OP is up 5.77% and ARB is up 5.02%.
- PANDORA, OLAS, RSTK, PORK and sfrxETH dominated on-chain volumes today.
TVL
- pNetwork, an interoperability protocol, TVL grew by 126%
- Humble DeFi, DEX on Algorand, TVL grew by 105%.
- EigenLayer, a restaking protocol, TVL is up 79.56%.
Fees
- Gains Network fees earned are up 130%, Hyperion Exchange fees earned are up 54% and Tron fees earned are up 48.65%. Bitcoin fees earned are down -46.78%.
Full notes here:
https://x.com/asxn_r/status/1754953242134364617
Daily Notes: 02-02-2024
Developments
- Pendle surpassed $680 million in TVL (a 114% growth since 2024 began). source
- Pixelmon raised $8 million in a seed round which saw participation from Animoca Brands, Delphi Ventures and Foresight Ventures among others. source
- Open Exchange, whose founders include Su Zhu and Kyle Davies (Three Arrows Capital founders’), will be shutting down. source
- Puffer Finance reached $277 million in TVL in under 48 hours. source
- BlackRock’s Bitcoin ETF (IBIT) has surpassed Grayscale’s (GBTC) daily volume by $304 million to $294 million. source
- In January, Solana achieved an all-time-high for newly registered addresses. Additionally, Solana’s TVL reached $1.65 billion today. source
- Stride launches stTIA, a liquid staking token for Celestia’s native token - TIA. source
- AltLayer’s airdrop claim goes live with 94,759 addresses eligible. User’s will have until Feb 16th to register their Ethereum address that will receive the ALT tokens and will be able to claim from Feb 20th to March 5th. source
- Binance listed PYTH on their spot market today. source
- An entity purchased 600 BTC ($25 million) on Coinbase within 1 minute, wicking the price from $42.8k to $43.7k before retracing. source
- Phantom experienced a DDoS attack yesterday which may have caused some services to be temporarily interrupted. source
- Bithumb to introduce a flat 0.04% fee on all trading pairs on February 5th. source
Trending Assets and Volumes
- LINK is up 12.63%, IMX is up 14.66%.
- API3 is up 24%, PENDLE is up 14.6%.
TVL
- Puffer Finance, a native liquid restaking protocol, TVL grew by 120% ($151M).
- mETH, an LST by Mantle grew by $127M (16%).
- MuesliSwap, a multichain DEX, TVL grew by 37.5%.
Fees
- Convex Finance and Curve Finance fees earned are up 527% and 99%
Full notes here: https://x.com/asxn_r/status/1753543392368197916?s=20
Daily Notes: 25-01-2024
Developments
- The US filed a public notice to sell $130 million of Bitcoin seized from a Silk Road dealer. source 1 source 2
- Synthetix deployed their V3 perpetuals protocol on Base. source
- Eigenlayer Postpones Next Restaking Date to February 5thEigenlayer delayed their next restaking date to February 5th. Additionally, instead of only offering 200K of specific LSTs to be restaked, EigenLayer will allow all LSTs to be restaked uncapped, until the 9th. source
- Tokenized real world asset platform Swarm had its Swarm AMM pools on Ethereum compromised today. source 1 source 2
- Aerodrome Finance (AERO) and Velodrome Finance (VELO) added to Coinbase’s listing roadmap. source
- BlockTower Capital bought 1.6 million BLUR ($1 million) via Wintermute. source 1 source 2
- Dymension’s CEO says mainnet is “very close”. source
- Dencun upgrade will be deployed on Sepolia and Holesky testnets on January 30th and February 7th respectively.
- Aave’s DAO approved an ARFC (Aave Request for Comment) for “Frontier - Staking as a Service”. Proposed by the Aave Chan Initiative, the proposal would set up Ethereum validator nodes to actively participate in the decentralisation and security of
- Ethereum whilst enhancing the DAO's passive income. source
- The SEC delayed both Grayscale and Blackrock’s spot Ether ETF application. James Seyffart has commented saying that the “Next date that matters is May 23rd”. source
Trending Assets and Volumes
- OMNI is up by 78%. AERO and VELO also show strong performance, up 69% and 38% respectively. AERO and VELO were added to Coinbase’s listing roadmap today.
- SYN's price increased by 16%. CHZ is up 13%, while OLAS shows an 11% increase.
- LDO is up by 6.5%, OP has risen by 5%, and ARB's price is up by 2.2%.
- SAVM, FLC, ONDO,LINK AND MKR dominated on-chain volumes.
TVL
- Native, EVM liquidity layer and DEX, TVL grew by 109%.
- Llama Airforce, which streamlines the yield-earning process for locked Convex tokens, TVL grew by 87.5%.
- Thala CDP, CDP on Aptos, TVL grew by 31%.
Fees
- Joe V2 fees earned are up 1026%, Curve DEX fees earned are up 49.5%, Opensea Seaport fees earned are up 37%, and Ethereum fees earned are down -15.3%.
Full notes here:
https://x.com/asxn_r/status/1750644304085659649
Daily Notes: 22-01-2024
Developments
- Last week's digital asset fund flows totalled -$20.8 million. Grayscale flows reached -$228 million but were offset by inflows into other crypto products (ishares +$931 million, Fidelity ETFs +$860 million). Bitcoin saw -$24.7 million of flows, Ethereum -$13.6 million in flows and Solana -$8.5 million. source
- The FTX estate reportedly sold all 22 million of their GBTC shares (~$1 billion), approximately 36% of all GBTC ‘s outflows. source
- $237.21 million has been liquidated in the last 24 hours. $208.87 million were from longs and $28.34 million from shorts. source
- Lido’s wstETH formally launched on Mantle. source
- Nethermind fixed a critical bug in their execution client that caused users to fail to process blocks on Ethereum. Nethermind’s execution client is used by 8.18% of Ethereum validators. source
Trending Assets and Volumes
- USH, up 10%, and EQB, up 7%, performed well today.
- MAV is up 9% and SSV is up 1%. Large caps underperformed.
TVL
- RenVM, bridge, TVL grew by 196%
- Thala CDP, CDP on Aptos, TVL grew by 33.55%
- W3swap, DEX on Pego, TVL grew by 27.75%
Fees
- Opensea Seaport fees earned are up 17.73%, Curve DEX fees earned are up 252%.
- Ethereum fees earned are down -43%.
Full notes here:
https://x.com/asxn_r/status/1749551712749137945
Daily Notes: 18-01-2024
We launched an entity tracking channel on Telegram. You can find it here:
/channel/asxn_chain_alerts
Developments
- The SEC has delayed Fidelity’s spot Ethereum ETF application. source
- Ondo Finance’s token, ONDO, went live today and is listed on Bybit, Kucoin, Gate.io and more. It is also listed on Coinbase’s listing roadmap. ONDO is trading near $0.22 at around $220 million market cap. source
- Dymension will have an initial circulating supply of 146 million DYM (14.6%). source
- Frax Finance’s Layer 2, Fractal, is expected to launch in the first week of February. source
- Solana Mobile’s second upcoming phone reached 30,000 in preorders in the first 30 hours. source
- Ether.fi reaches 100,000 ETH in total value staked. source
- Manta experienced a “calculated” DDoS attack” with over 135 million requests sent to their RPCs at the same time the MANTA token generation event was set. source
- Near is now integrated into the Polygon Chain Development Kit (CDK) as a data availability layer option. source
- Bitcoin surpassed silver to become the second largest ETF commodity in the United States. source
- Paxos, co-creators of BUSD, have deployed their stablecoin, USDP (Pax Dollar), to Solana. source
- Grayscale Bitcoin Trust sent 9,840 BTC ($404.36 million) to Coinbase Prime. source
- Roundhill investments launched a Bitcoin covered call ETF. source
- Conflux Network introduced their EVM compatible Bitcoin Layer 2 solution. BTC will be used for gas fees. The Conflux token is up 6.77% on the day. source
- Circle CEO Jeremy Allaire says they are working towards a “seamless UX w/ Circle multichain programmable wallets and Circle Gas Station w USDC gas fee payment abstractions” which would effectively make crypto disappear from a UX point of view. source
- Sui partners with off-chain data feed oracle Stork for “ultra low latency reference prices”. source
- WOO X raises $9 million from its designated market makers in a funding round to improve liquidity. source
- Lookonchain reported that Justin Sun (founder of Tron and CEX Poloniex) bought $139.56 million of depegged TUSD in an attempt to help it regain its peg. source
- dYdX v4 overtook Uniswap to become the highest volume DEX over the last 24 hours. source
- Donald Trump is launching a one-of-one Bitcoin Ordinals collection. source
Trending Assets and Volumes
- KIZUNA, an AI related memecoin, is up 15.43%. AERO, the native token of Aerodrome, is up 5.94%.
- RBN is up 11.04% and UMA is up 1.37%.
- Large caps underperformed today.
- LINK, TROLL, FLC,crvUSD and OLAS dominated on-chain volumes.
TVL
- EigenLayer, restaking on Ethereum, TVL grew by 80.70%
- BiSwap V3, DEX on BNB Smart Chain, TVL grew by 23.08%
- Kinza Finance, a money market on BNB Smart Chain, TVL grew by 22.18%
Fees
- GMX V1 fees earned are up 3091%, AAVE V3 fees earned are up 600% and Ethereum fees earned are up 51%.
Full notes here:
Daily Notes: 16-01-2024
Developments
- Socket/Bungee was exploited for $3 million. Socket has since paused the routes being exploited and the attack has stopped. source
- Jito’s TVL grew by 179-fold in USD value in 2023. source
- TUSD has depegged is currently trading at 0.98. It has been depegged for over 24 hours. source
- Cantor Fitzgerald, who “manage many, many of their [Tether] assets” CEO has said that “From what we've seen, and we did a lot of work, they have the money”, in an interview with Bloomberg at the WEF. source
- The Southeast Asia and the Pacific division of the United Nations Office on Drugs and Crime has highlighted the use of USDT in criminal activities in the region. source
- Although no funds are at risk during this process, Maker is strongly encouraging all DAI users on Starknet to transfer or migrate their DAI before the Starknet Regenesis deployment. This is due to the DAI token deployed on Starknet being unupgradable. Maker will be moving to a new wrapped DAI version. source
- Digital Infrastructure Inc, who are building Dimo Network (a decentralised car data protocol), raised $11.5 million in a Series A funding round led by Coinfund. source
- Tether partners with Rhino Finance to enhance USDT bridging between L1s and L2s. source
- Hedera has integrated into MetaMask via a MetaMask Snap developed by Tuum Technologies. source
- The Ondo Foundation has selected to unlock ONDO tokens on January 18th. source
- Lido’s wstETH is now live on zkSync. source
- Metis’ launches their proof of stake decentralised Sequencer on Sepolia testnet for community testing. The mainnet launch date is unknown but is expected in 2024. source
- Chainlink will be integrating Circle’s CCTP (Cross-Chain Transfer Protocol) into their CCIP (Cross-Chain Interoperability Protocol). [source](https://www.theblock.co/post/272827/chain
link-circle-cctp-usdc)
- Solana mobile showcases their second upcoming phone, which is currently priced at $450. The cheaper phone, which can currently be preordered, will have the same features as the first but will use different software. It is expected to be released in the first half of 2025. source
- dYdx chain volume exceeds dYdx v3 volume. This comes as dYdX v3 trading and LP rewards move to 0. source 1 source 2
Trending Assets and Volumes
- HAY, the first token launched on Uniswap, is up 101.14%. XPET, a Twitter-based Tamagotchi-style game, is up 26.57%.
- MAV, up 32.35%, and PENDLE, up 19.74%, were top performers for tokens above $100M MC today.
- RNDR, up 4.89%, and BEAM, up 4.52%, performed well today.
- LINK, crvUSD, MUBI, AAVE and RBN dominated on-chain volumes.
TVL
- ASonic, a DEX on ICP, TVL grew by 263.94%.
- OpenEden T-Bills, RWA on Ethereum, TVL grew by 122.71%.
- Liquis, a liquid governance wrapper for Bunni Pro, TVL grew by 81.83%.
Fees
- Sushiswap fees up are 212.85% to $159,191, Tron fees earned are up 44.54% to $1.47 million and Opensea fees earned are up 73.15% to $268,473.
Full notes here:
https://x.com/asxn_r/status/1747385913355718890
We published a report on Spark, SparkLend mechanics, sDAI, SPK and Spark strategies.
You can find it here:
https://x.com/asxn_r/status/1746258342165512390?
Trending Assets and Volumes
- KIZUNA, an AI and Bittensor related memecoin, is up 34.07% today. PTP, up 32.60%, and USH, up 31.83%, performed well today.
- ENS had a great day and is up 43.16%. OX is up 34.37%.
- AVAX, up 14.65%, is top performer for tokens above $1B. MNT had a good day, is up 13.90%.
- LDO, MKR and AAVE dominated onchain volumes this week.
TVL
- Merchant Moe, DEX on Mantle, TVL grew by 51.61%.
- Aurora Plus, membership program for Aurora users, TVL grew by 25.60%.
- ChainPort, multichain bridge, TVL grew by 22.16%
Fees
- Curve DEX fees earned grew by 72.11% over the past day. Vertex Protocol fees earned are up 113.27%.
Full notes here:
https://x.com/asxn_r/status/1745561950874898907
Daily Notes: 09-01-2024
Developments
- The SEC's Twitter account was hacked and a fake tweet claiming that a BTC Spot ETF was approved was posted.
-Ondo Foundation, which contributes to Ondo Finance (a protocol that brings real world financial products and services on-chain), has announced a points program. Users can earn points through using Ondo Finance services, following Ondo’s socials and more. source
-Standard chartered anticipates inflows of $50 - 100 billion into spot BTC ETFs in 2024. They also predicted that a spot Ether ETF would be approved in the second quarter of 2024 and that BTC would reach $200,000 by the end of 2025. source
-79.2 million GMT tokens ($30.24 million) unlocked yesterday. 55.3 million were distributed to 45 addresses. source
-Over the last 7 days, Celsius has transferred 40,000 ETH (~ $90 million) to Coinbase and FalconX. source
-Cosmos’ DAO voting on whether to reduce ATOM’s minimum inflation parameter from 7% to 0% has opened. source
-90% of all BTC addresses are in profit. source
-The WEMIX Foundation has decided to stop minting WEMIX token emissions to reward validators. source
-Stepn’s parent company “Find Satoshi Lab” finds a new CEO in Shiti Rastogi Manghani. source
-BNB chain developers are sunsetting the BNB Beacon Chain (BEP-2/BEP-8) in favour of the BNB Smart Chain (BEP-20), moving from a dual-chain structure to a single chain structure. source
-VanEck’s CEO, Jan van Eck, believes that their spot BTC ETF will start trading this Thursday. source
-Fox Corporation, the company behind FOX News, FOX Sports etc, is partnering with Polygon to launch Verify, a blockchain based platform. source
-Several spot BTC ETF applicants have reduced their fee percentage. source
-Aave’s DAO is currently temperature checking on whether to add PYUSD to Aave V3. source
Trending Assets and Volumes
- PAPER, the native token of community driven gaming metaverse project Dope Wars, is up 54%.
- LDO, up 10.49%, MNT, up 10.35% and SHIB, up 3.35%, outperformed today
- MKR, crvUSD, FLC, and LDO dominated on-chain volumes.
TVL
- Native, multichain DEX, TVL grew by 174.29%.
- Dual Finance, options on Solana, TVL grew by 55.16%.
- Kinza Finance, lending on BNB, TVL grew by 43.53%.
Fees
- GMX V1 fees earned are up 977.53%, Opensea Seaport fees earned are up 326.89% and Ethereum fees earned are up 60% over the past day.
Full notes here:
https://x.com/asxn_r/status/1744838484706070784
Daily Notes: 05-01-2024
Developments
- Arbitrum’s 24 hour DEX volume surpassed Ethereum’s with $1.834 billion in volume compared to Ethereum’s $1.4 billion. source
- CertiK’s Twitter account was compromised today but has since been recovered. source
- Ethereum’s validator exit queue reached an all-time high of 16,766 validators (536,512 ETH unstaked [$1.2 billion]) today. source
- Ark Invest sold $4.2 million worth of Coinbase stock (COIN). source
- VanEck has donated $10,000 to Brink and pledged to donate 5% of profits earned from their spot BTC ETF to Bitcoin Core Developers at Brink for a minimum of 10 years. source
- Senior crypto reporter at TechCrunch, Jacquelyn Melinek, tweeted that she “heard from sources extremely close to the matter that the bitcoin spot ETF is going to be approved by the SEC for multiple firms' applications”. source
- 2023 on the Ethereum network saw Uniswap dominate in terms of gas used on the protocol and the number of transactions involving Uniswap. source
- Nigeria’s central bank has approved the Africa Stablecoin Consortium (ASC) to begin piloting cNGN - a stablecoin pegged 1:1 to the Naira - in their regulatory sandbox. source
- Fantom has reduced their validator staking requirement from 500,000 FTM to 50,000 FTM. source
Trending Assets and Volumes
- DMT continues to show strength, and is up 37.42% today, and 114.49% over the past week. UNIBOT is up 4.82% today.
- POWR, up 34.26%, and PEOPLE, up 29.84%, were the top performers for tokens above $100M MC today.
- Majors and large caps underperformed today.
- LUSD, METIS, LINK and POWR dominated volumes onchain today.
TVL (Weekly Growth)
- Tarot, multichain lending, TVL grew by 175.71%.
- KiloEx, multichain derivatives, TVL grew by 167.12%.
- Sonic, DEX on ICP, TVL grew by 149.12%.
Fees (Weekly Changes)
- Curve fees earned are up 225.43% over the past week. Lido fees earned and Uniswap V2 fees earned are both up 27% over the past week.
- Venus Core Pool fees earned are down 83.56%.
Full notes here:
https://x.com/asxn_r/status/1743388161437298801
Daily Notes: 03-01-2024
Developments
- Matrixport released a report predicting that the spot BTC ETF applications would be rejected by the SEC and that BTC would drop to $36,000. The report was authored by Matrixport’s Head of Research, Markus Thielen. source
- According to coinglass data, $688.36 million has been liquidated in the last 24 hours. $593.91 million of which were liquidated longs and the remaining $94.46 million liquidated shorts. source
- Binance’s USDC/USDT pair wicked down to $0.76 today as the crypto market dropped. It also wicked down to $0.80 twice afterwards.
- The SEC will be meeting with stock exchanges to finalize comments surrounding spot BTC ETFs. source
- Etherscan acquires Solscan, a Solana block explorer. source
- Astar Labs is working on an Astar zkEVM chain, dApp staking v3, and token economics v2. source
- Ethereum co-founder Vitalik Buterin says ENS protocol is “super important”. The ENS token reacted positively, and price increased as high as 50% before retracing to 17%.
- Curve Finance will integrate ZetaChain for the first native BTC support for cross-chain swaps and omnichain asset pools. source
- Stepn launches new game “Gas Hero Official” on Polygon PoS. The game is powered by the GMT token. source
- Michael Saylor has started selling $216 million (310,000 shares) of MicroStrategy stock. He aims to address personal obligations and acquire additional bitcoin. source
Trending Assets and Volumes
- NOLA, a memecoin on Arbitrum, is up 72%.
- PEOPLE had the strongest recovery today, and is up 81.32% today. ENS is up 17.20% following Vitalik’s tweet.
- ETH beta coins had a good day. ARB is up 11.66% and LDO is up 8.82%.
- MKR, crvUSD, LDO, LINK and AAVE dominated on-chain volumes.
TVL
- MilkyWay Zone, liquid staking for Celestia, TVL is up 11.96%.
- HMX, perpetuals DEX, TVL is up 9.69%.
- Tonstakers, liquid staking on TON, TVL is up 8.96%.
Fees
- Following large liquidations in the morning DEX fees earned are up significantly. Uniswap V3 fees earned are up 452.21% today, GMX V1 fees earned are up 246.30%
Full notes here:
https://x.com/asxn_r/status/1742664559620415582
Daily Notes: 19-12-2023
Developments
- OKX wallet has integrated EigenLayer and is offering a boosted APY on Lido’s stETH (at 4.06% APY), Swell’s swETH (at 6.36% APY) and stader’s ETHx (at 7.2% APY). source
- An MEV bot on Solana paid a 351.05 SOL ($26,000) tip to a Jito client validator in order to arbitrage BONK. source
- Alchemy Pay has partnered with WorldPay to give Alchemy users access to Worldpay’s Visa and Mastercard payment rails. source
- Ethereum relayer provider BloXrout will be blocking OFAC blacklisted addresses effective immediately. source
- Ondo Finance onboards their short-term US t-bill backed and yield bearing stablecoin USDY, and on-chain wrapper of Blackrock’s short treasury bond ETF - OUSG - onto Solana. source
- WOOFi will be distributing 1 million ARB ($1,080,000), received via the Arbitrum STIP program, over the next 3 months. source
- Layer 1 Lisk will be migrating to an Ethereum Layer 2 powered by the Optimism stack and using Gelato’s rollup-as-a-service. source
- Friend.tech v2 announced for spring 2024. source
- Immutable launches “Passport” - a service that lets players use a universal profile that carries achievements and assets across games and marketplaces. source
- Uniswap’s iOS and Android Mobile apps have now facilitated over $1 billion swap transactions. source
- Illuvium’s Overworld founder announces compensation plan after their Incarna NFT mint suffered “overallocation, botting attacks, and general misalignment with the first wave of minters”. source
- OKX urges iOS app users to update their app as soon as possible after fixing a critical bug disclosed by Certik earlier this month. source
- Do Kwon has successfully appealed extradition from Montenegro despite requests from both the US and South Korea. source
Trending Assets and Volumes
- Dopex Rebate token (rDPX) is up 51.8%. BEND (native token for NFT liquidity protocol BendDAO) is up 28.76%.
- QI (BENQI), up 25.49%, GF, up 24.10%, and BLUR, up 22.45%, were top performers for tokens above $100M MC.
- INJ up 10.21% as Injective crossed 180,000 active addresses today. AAVE up 4.62% and IMX (ImmutableX) is up 4.15%
- crvUSD, MUBI, INJ and LINK dominated on-chain volumes.
TVL
- EigenLayer, restaking on Ethereum, TVL grew by 207.95%.
- LayerBank, multichain lending, TVL grew by 170.46%.
- StakeStone, LSD yield on Ethereum, TVL grew by 49.79%.
Fees
- Bitcoin maintains a high daily fees earned at 22 million (-6.25% in the last 24 hours). Ethereum fees earned went down 23.49%.
- Arbitrum fees earned are up 252%, Optimism fees earned are up 216.59% and Avalanche fees earned up 30.59% as inscription craze continues.
Full notes here:
https://x.com/asxn_r/status/1737250242846748847
Daily Notes: 12-02-2024
Developments
- Last week's digital asset fund flows totalled +$1.116 billion. Grayscale flows reached -$414.8 million but were offset by inflows into other crypto products (iShares +$693.6 million, Fidelity +$522.6 million). Overall, Bitcoin saw +$1,089.1 million of flows, Ethereum +$16.5 million in flows, and Cardano $6.1 million. source
- Puffer Finance reached $850 million in TVL. source
- Solana mobile’s second phone reaches 100,000 pre-orders. source
- Analog, a blockchain interoperability protocol, raised $16 million at a $120 million valuation in a token round (SAFT) led by Tribe Capital. source
- Ethereum’s Validator entry had a sharp increase to 7,045 (225,440 ETH, $589.5 million). source
- Backpack announced a points program: “Backpack Exchange trading volume will be a key factor in determining your Backpack Rank starting Feb 13 2300 UTC.” source
- Copper integrated custody support for Hashnote’s USYDC, a short-term treasury backed stablecoin. source
- Aave v3 is live on Scroll. source
- DCG, Digital Currency Group, Q4 2023 investor report showed a 59% YTD increase in revenues to $210 million. source
Trending Assets and Volumes
- Ticker BITCOIN price is up 36.90%. RSC, Brian Armstrong’s DeSci token, is up 25.71%.
- PORK is up 44.29%. API3 had a good day, and is up 18.81%.
- GameFi had a good day: IMX is up 13.67% and BEAM is up 12.88%.
TVL
- Liquid Collective, liquid staking on Ethereum, TVL grew by 33.32%.
- Kava Mint, CDP protocol on Kava, TVL grew by 21.89%.
- FlowX Finance, DEX on Sui, TVL grew by 20.72%.
Fees
- Garden (BTC bridge) fees earned are up 469%, MetaMask fees earned are up 151% and Maestro fees earned are up 63.55%.
Full notes here:
https://x.com/asxn_r/status/1757160003595595908
We posted a short thread looking into Wormhole's tokenomics & TGE valuation:
https://x.com/asxn_r/status/1755723506057392555?s=20
Daily Notes: 07-02-2024
Developments
- SuperVerse’s native token, SUPER, has integrated LayerZero to become an Omnichain Fungible Token (OFT), enabling connections to 50+ chains. source
- Pendle and Ether.fi collaborate to bring the first Liquid restaking token, eETH, to Arbitrum. For the first two weeks the token will offer 3x EtherFi Loyalty Points on top of ARB STIP rewards. source
- Neon EVM, a fully compatible Ethereum environment solution built on the Solana blockchain, integrated with deBridge to access cross-chain interoperability. source
- Sushi deploys their V2 and V3 AMM on ZetaChain. source
- Binance adds USDC to their peer-to-peer (p2p) service. source
- Stratis Auroria Testnet goes live. source
- Coinbase published a blog post stating Americans could have saved at least $74 billion in credit card transaction fees during 2022 by using blockchain technology. source
- Paxos will use Chainlink’s newly deployed PYUSD (Paypal USD) price feed “to accelerate the adoption of PYUSD”. source
- Focus, a to-be-launched DeSo chain-based SocialFi app, has raised $77.8 million in token reservations in one week. Focus previously raised $200 million in a seed round. source
- Friendzone, a Polygon PoS-based SocialFi app, is set to launch on February 26. source
- The Jupiter team will remove JUP and USDC following the now completed JUP launch. source
- Scroll initiated a protocol upgrade to reduce transaction costs by 50%. The upgrade is under a 2-week timelock and will be executed on February 21st. source
- Pyth announced a $47 million retrospective airdrop for over 160 eligible dApps. source
- Mantle’s mETH surpassed $1 billion in TVL. source
- Ondo Finance’s USDY will launch on Sui. source
- Starkware proposes STARK token inflation parameters. source
- PancakeSwap's core proposed to launch a PANDORA Farm on Ethereum. source
- Gnosis chain is sunsetting their validator incentive program. source
- The Dencun upgrade successfully launched on the Holesky testnet. source
Trending Assets and Volumes
- PANDORA had a good day, again, and is up 113.33%. doginme, a memecoin related to Farcaster, is up 45.62%.
- ID is up 82.32% and OX is up 25.68%.
- RNDR is up 9.16% today. OP, up 6.29%, and SNX, up 6.28%, had a good day.
- PANDORA, ID, PORK, LINK, RUG AND LDO dominated on-chain volumes.
TVL
- HydraDX, a DEX on Polkadot, TVL grew by 25%
- StackingDAO, liquid staking on Stacks, TVL grew by 21.61%
- Cetus, DEX on Aptos and Sui, TVL grew by 20.57%
Fees
- Arbitrum fees earned are up 50.77% and Base fees earned are up 27.5%.
Full notes here:
https://x.com/asxn_r/status/1755318826609102914
Daily Notes: 05-02-2024
Today's newsletter is sponsored by Pendle Finance. Following their move into liquid restaking, Pendle has experienced rapid growth in TVL, reaching nearly $800M as of today.
Pendle’s TVL has grown by 230% over the past 30 days.
You can check out Pendle here.
Developments
- Oobit, a crypto mobile payments platform, raised $25 million in a Series A round led by Tether, with participation from the founder of Solana, Anatoly Yakovenko, 468 Capital, and Titan Fund. source
- After a judge ruled in favour of the SEC’s motion, Ripple must turn over their 2022-2023 financial statements. source
- ENS partners with GoDaddy to allow users to link their ENS to their domain. source
- Kenetic Capital transferred $4.8 million of RNDR to Binance. They have transferred a total of $11.8 million of RNDR to Binance in the last 42 days. source
- Last week's digital asset fund flows totalled +$707.8 million. Grayscale flows reached -$926.7 million but were offset by inflows into other crypto products (iShares +$883.5 million, Fidelity ETFs +$674.3 million). Overall, Bitcoin saw +$702.7 million of flows, Ethereum -$6.4.6 million in flows and Solana +$13.4 million. source
- The number of VC investments into crypto during January rose to 113, a 10% MoM increase. source
- 0xngmi released smolrefuel which lets users swap with no initial ETH for gas via permits. source
- $219.86 million of Aptos (APT) will be unlocking on 11th February. $102.84 million will go to Core contributors, $72.95 million to Investors, $27.8 million to community, and $11.55 million to the Aptos Foundation. source
- Bybit launched their BRC20 inscription marketplace. source
Trending Assets and Volumes
- AERO, up 19.87%, and VELO, up 16.31%, performed well today, likely due to increased interest in OP ecosystem following Farcaster’s popularity.
- PENDLE continues to perform really well, and is up 9.61%. ENS is up 8.70%, potentially following the GoDaddy news. MAV is up 6.86%.
- IMX, up 5.76%, and LINK, up 3.09%, were top performers today for tokens above $1B MC.
- PNDC, RSTK and LINK dominated trading volumes on-chain today.
TVL
- Bedrock uniETH, liquid restaking protocol, TVL grew by 568%.
- Agni Finance, DEX Mantle, TVL grew by 46%.
- Kamino Liquidity, liquidity layer platform on Solana, TVL grew by 36%.
Fees
- Opensea fees earned up 758%, Bitcoin fees earned are up 171% and Friend.tech fees earned up 103%.
Full notes here:
https://x.com/asxn_r/status/1754642732545405007
Daily Notes: 26-01-2024
Developments
- Aleo, a zero-knowledge L1 network, “set to launch imminently”. source
- Celo, a Real World Asset focused chain that is in the process of transitioning to an Ethereum L2, integrates Centrifuge via Axeler. source
- Allnodes transitioned all 23,895 of their Ethereum validators from Geth to Besu. Broadly, the percentage of Ethereum validators using Geth still remains high at 78%. source
- Peaq, a Real World Asset protocol, integrated Wormhole for cross chain liquidity access. Peaq also revealed their aims to launch their mainnet this year. source
- Curve Finance tweeted that “Llamalend is some days away from launch”. Llamalend is lending/borrowing markets with crvUSD. source
- Venus protocol to deploy soon on Ethereum, Arbitrum, zkEVM, and opBNB. source
- Lido integrated ParaSwap into their withdrawal aggregator. source
Lido integrated ParaSwap into their withdrawal aggregator. source
Trending Assets and Volumes
- PEAS is up 35.29%, ORDS is up 25.03% and RSTK is up 20.52%.
- ZRX is up 24.61%, ENS is up 21%, and MUBI is up 20%.
- OP had a good day, and is up 12.19%. OKB is up 11.27%, and LDO is up 10.58%.
- SAVM, FLC, crvUSD, PEAS and OHM dominated on-chain volumes OHM and PEAS announced a partnership today.
TVL
- GooseFX, a perpetuals DEX on Solana, TVL grew by 210%.
- RosSwap, a DEX on FSC, TVL grew by 76%.
- MuesliSwap, a multichain DEX, TVL grew by 37.5%.
Fees
- Convex Finance fees earned are up 417%, Uniswap V3 fees are up 54.67%, Ethereum fees earned are down -17.68%, and Bitcoin fees earned are down -32.33%.
Full notes here:
https://twitter.com/asxn_r/status/1750991100498862498
Daily Notes: 24-01-2024
Developments
- Aevo, a derivatives platform built as an L2, has migrated to use Celestia for data availability. source
- 0x Labs launches “gasless” swap API which embeds gas costs into the trade cost itself. Used in beta by Coinbase wallet, Robinhood and more, Tx Relay API allows for exchanges to “abstract away the complexities related to approvals, allowances, and swaps”. This frees users from having to focus on gas related costs, reduces MEV, and reduces transaction failures. source
- Radiant Capital enables native USDC on its Arbitrum deployment. source
- Coinbase Cloud introduces Coinbase Embedded wallets. The wallet-as-a-service solution is currently in early access, and allows developers to easily create white-label, non-custodial crypto wallets. source
- Solana Labs launched token extensions for the SPL token standard. The extensions allows developers to quickly add advanced functionality to their token. Examples include: confidential transfers, transfer hooks and the ability to charge fees on transfers. source
- Rari Chain, a Layer 3 chain on Arbitrum launched by the Rari Foundation, has gone live on mainnet. source
- Particle Network released BTC connect, “the First Account Abstraction Protocol for the Bitcoin Ecosystem”. source
- Lisk aims to launch their L2 testnet in the first quarter of 2024. source
- Helium Network partners with Telefónica Partners to launch mobile hotspots in Mexico. source
Trending Assets and Volumes
- FWB is up by 60.93%, and GFY is up 59.46%.
- MANTA is up 32.96%, and SYN follows with an increase of 24.61%. PENDLE is also up, showing a 19.92% increase.
- CRO has experienced a 10.57% increase. In a similar trend, MKR and LDO are up, with gains of 9.61% and 8.99% respectively.
- SAVM, ONDO, FLC and SYN dominated on-chain volumes
TVL
- RosSwap, DEX on FSC, TVL grew by 131%
- Alephium Bridge, bridge to Alephium L1, TVL grew by 29.95%
- Sonic, a AMM on ICP, TVL grew by 27.14%
Fees
- MUX protocol fees earned are up 137%, Gains network fees earned are up 130% and Ethereum fees earned are up 26%.
Full notes here:
https://x.com/asxn_r/status/1750278981641711874
Daily Notes: 19-01-2024
Developments
- Grayscale sent 12,865 BTC ($531.3 million) to Coinbase Prime today. source
- An entity made ~ $6.7 million in profit from buying the SAVM (SatoshiVM) token as it launched. Using BananaGun, they paid a 141.66 ETH ($353k) bribe fee in order to be the first, buying 277.66 ETH ($336k) worth of SAVM. source
- Mantle reaches 307,000 mETH. There is only 26,000 mETH left till their cap is reached. source
- Yesterday, MetaMask introduced Ethereum validator staking on MetaMask Portfolio powered by Consensys staking. source
- Frax Finance launches Frax Bonds. Frax Bonds are a “decentralised utility tokens that convert into 1 FRAX stablecoin trustlessly when they mature”. source
- A proposal to deploy Aave V3 on the Scroll mainnet is live for voting on Aave’s snapshot. The proposal ends on January 22nd and 330,000 AAVE tokens (99.95%) have voted in favour. source
- The Klaytn and Finschia (formerly Line blockchain) Foundations have proposed a chain merger to their respective DAOs with the aim of becoming Asia’s largest blockchain ecosystem. source
- Synapse launched RFQ (Request For Quote) bridging, which lets users “Bridge instantly and 10x cheaper”. source
- ARK’s Next Generation Internet ETF (ARKW) bought 365,695 shares ($15.3 million) of the Ark 21shares spot BTC ETF (ARKB) yesterday. source
- HTX and HTX DAO were DDoSed. The DDoS attack rendered HTX unusable but access to services were quickly restored. source
Trending Assets and Volumes
- FOLD, up 10.86%, PRISMA, up 9.50%, and UNIBOT, up 7.37%, performed well today.
- UMA is up 162.24% over the past day, following their announcement regarding a MEV solution for lending protocols. SYN, up 14.54%, and PENDLE, up 11.13%, were strong performers today.
- LINK is up 4.47%, RNDR is up 1.53% and ETH is up 1.02%.
- SAVM, LINK, ONDO, TROLL AND RLB dominated on-chain volumes. SAVM had $143M in DEX volume over the past 24 hours.
TVL
- Maple, RWA lending, TVL grew by 231%
- Morpho Blue, a lending protocol on Ethereum, TVL grew by 127%
- Shoebill Finance v2, a LST lending protocol, TVL grew by 29.77%
Fees
- Convex Finance fees earned are up 926% and Raydium fees earned are up 22.59%.
Full notes here:
https://x.com/asxn_r/status/1748500485839945925
Daily Notes: 17-01-2024
Developments
- AltLayer (ALT) has been added to the Binance Launchpool. AltLayer is also airdropping an unknown percentage of the token supply to OG Badge NFT holder, Qualified EigenLayer restakers and Celestia stakers, Oh Ottie! NFT holders and qualified participants of Altitude campaigns. The snapshot was taken today at 12:00:11 AM (Ethereum block number 19022890). source
- Blast Testnet goes live. With it, Blast is also launching the “Blast BIG BANG” competition where developers will present their products to a panel made up of Blast staff and investors. Successfully projects will be rewarded from the Blast token developer allocation. source
- Blast partners with Pyth network, an oracle network. source
- Monad teases that an internal testnet will be going live soon. source
- Monad will be partnering with LayerZero from day one for asset transfers and connections to 50+ chains. source
- Canto to reduce liquidity mining incentives and security emissions by 10%. source
- ThorChain has proposed to add RUNEVault 2.0 which would allow users to “stake” RUNE (*losses may be incurred) through which they co-invest in all POL’s to then earn rewards in RUNE based on the performance of all pools. source
- BNB Chain burns 2.14 million BNB (~$663 million). source
- Genesis was approved as a virtual asset services provider by France’s financial regulators. source
- NAVI protocol, a liquidity market protocol on Sui chain, has acquired liquid staking platform Volo. navi.protocol/navi-protocol-acquires-liquid-staking-protocol-volo-55ca7925f7c9">source
- Ethereum Dencun upgrade launched successfully on Goereli testnet after failing to finalise initially. source
Trending Assets and Volumes
- GFY, up 74.60%, performed well today.
- MPL is up 8.19% and ID is up 7.26%.
- RNDR, up 9.05%, had a good day. LINK is up 3.87%.
- LINK, FLC, crvUSD, BEAM and MUBI dominated on-chain volumes
TVL
- Renzo, native restaking on Ethereum, TVL grew by 80.70%.
- Kinetix Derivatives, derivatives on Kava, TVL grew by 47.43%.
- Thala CDP, lending and borrowing on Aptos, TVL grew by 37.06%.
Fees
- Venus core pool fees earned are up 668%, GMX V2 fees are up 43.70%. Bitcoin fees earned are down -47.87%.
Full notes here:
Daily Notes: 15-01-2024
Today's newsletter is sponsored by Pendle Finance.
Pendle Finance is moving into the liquid restaking token and liquid staking token sectors by partnering with EtherFi. Pendle is pioneering a yield market where users can stack LRTs to earn additional yields, and will enable users to earn LRT rewards from staked ETH.
You can check out Pendle here.
Developments
- Rabby teased a snapshot for a possible upcoming token launch. source
- HTX burnt 2,957,926 HT ($7.4 million) in the 3rd quarter of 2023. HTX burns 20% of all revenues through a HT buyback and burn mechanism. They have burnt 304 million HT ($760 million) as of January 15th 2024. source
- Renzo, a Liquid Restaking Token (LRT) and Strategy Manager for EigenLayer, raised $3.2 million at a $25 million valuation in a seed round led by Maven 11. Participants included Figment Capital, OKX ventures, Robot Ventures, Mantle and more. source
- Manta Network’s, a multi-modular ecosystem for zero-knowledge applications, released the tokenomics for MANTA. 5.6% of the token supply will be airdropped to eligible wallets and another 6.5% will also be airdropped to eligible New Paradigm users. source
- BendDAO announces new Debt Swap feature which will “enable swapping the borrowed position between ETH and USDT”. source
- Kamino Finance raises the cap for their JitoSOL vault by $2.5 million. The vault will be receiving 75,000 JTO in incentives this month. source
- Opensea 2.0 will track the popularity of Solana NFTs and ordinal inscriptions. 2.0 will also display ticket NFTs on the calendar. source
- Digital asset fund weekly flows reached $1.18 billion. Bitcoin saw $1.16 billion of flows with ETFs going live last week and Ethereum saw $25.7 million in flows. source
- Neon has posted a temperature check in Aave’s Governance forum to propose the deployment of Aave V3 on the Neon EVM mainnet. source
Trending Assets and Volumes
- RSTK, Restake Finance - a modular liquid restaking for EigenLayer, is up 21.3%, NEXT, Connext - an interoperability and bridging protocol, is up 17.36% and UNIT, Uni Terminal - a all-in-one trading terminal, up 16.56%.
- OX, up 16.66%, and UNIBOT, up 13.39%, were top performers for tokens above $100M MC.
- MNT, LINK and INJ, all up around 1%, showed strength despite the weakness in large caps.
- LINK, FLC, crvUSD, MKR and INJ dominated on-chain volumes.
TVL
- Aftermath AMM, DEX on Sui, TVL grew by 55.60%.
- Helio Protocol, CDP on BNB, TVL grew by 32.57%.
- KriyaDEX, DEX on Sui, TVL grew by 32.49%.
Fees
- MetaMask fees are earned up 107.2% to $364,259, Arbitrum fees are earned up 1048% to $211,751 and Solana fees are earned up 27.61% to $292,549.
Full notes here:
https://x.com/asxn_r/status/1747029621999067306
Daily Notes: 12-01-2024
Developments
- Hong Kong’s Virtual Asset Rating Agency removes XRP and adds SOL to its Cryptocurrency Global Large Top5 Index. source
- BlackRock’s CEO Larry Fink says he “sees value in having an Ethereum ETF” in an interview with CNBC. source
- Uniswap released two smart contracts - Permit2 and Universal Router. Permit2 allows the sharing of approvals across any application with the Permit2 standard, reducing transaction costs for users. The Universal Router allows for unified token and NFT swaps into one gas-optimized, secure, and extensible swap router. source
- Ubisoft joins Wemade’s WEMIX On-chain Network of Decentralized Ecosystem Regulators. Ubisoft joins Wemade’s WEMIX on-chain Network of Decentralized Ecosystem Regulators. The collective is also known as the 40 WONDERS and are validators for the WEMIX 3.0 Network. source
- Vanguard is preventing their clients from buying spot BTC ETFs, due to crypto-related products not aligning with the asset manager's focus on asset classes that build blocks of a well-balanced, long-term investment portfolio. source
- Ordinals inscriptions go live on the Flow blockchain. source
- dYdX 24 hour trading volume reaches over $930 million. source
- Genesis to surrender their BitLicense and pay a $8 million fine as they settle their New York lawsuit. source
- MakerDAO raises SparkLend’s Direct Dai Deposit Module (D3M) Maximum Debt Ceiling from $800 mil to $1.2 billion. source
- Blockchain based AAA gaming production studio, SkyArk Chronicles, announces $15 million raise led by Binance Labs. source
- Optimism distributed $100 million of OP (30 million OP) to 501 recipients in round 3 of its Retroactive Public Goods Funding (RetroPGF). source
- Sotheby's opened bidding for a collection of 19 Bitcoin Ordinals. The collection includes notable early inscriptions and rare sats. source
- Paypal’s PYUSD TVL increased by 70% to $290 million over the past month. source
Trending Assets and Volumes
- UMAMI, a protocol on Arbitrum offering non-custodial yield products, up 24.62%. UNIBOT, up 23.34%, and GEAR, up 17.24%, performed well today.
- BLUR had a good day, is up 10.54%. SSV is up 8.64% and WLD is up 8.27%. Notably, Fink discussed decentralized ID and tokenization in an interview with CNBC today.
- OP, up 5.91%, was top performer for tokens above $1B today.
- frxETH, crvUSD and FLC were amongst the top traded tokens onchain today.
TVL
- NAVI, lending on Sui, TVL grew by 21.44%.
- Cakepie, yield on BNB, TVL grew by 20.40%.
- ThalaSwap, DEX on Aptos, TVL grew by 17.88%.
Fees
- Ethereum fees earned are up 93.12% to $12.4 million, Bitcoin fees earned are down -23.96% to $3.87 million. Prisma Finance fees earned are up 1407% to $320,877.
Full notes here:
https://x.com/asxn_r/status/1745963926989185356
Daily Notes: 11-01-2024
Developments
-All Spot BTC ETFs were approved. Cumulatively, they have traded over $4 Billion in volume so far. source
-SEC Chairman Gary Gensler and commissioners Hester Peirce and Mark Uyeda voted in favour of approving the spot BTC ETFs. Commissioners Jaime Lizárraga and Caroline Crenshaw voted against, which brought the final vote 3 to 2. source
-Grayscale to file for a Bitcoin covered call ETF
-Unseasonally adjusted CPI for December came in at 3.4% where predictions expected it to be 3.2%. Its previous value was 3.10%. source
-Circle, the issuers of USDC and EURC, has confidentially filed for a US initial public offering (IPO). source
-GBTC (Grayscale’s spot BTC ETF) discount falls to 0% as the SEC approves the ETF conversion. source
-Injective chain launches mainnet upgrade “Volana” which adds a Real World Asset module allowing for “the seamless creation and management of permissioned assets with powerful arbitrary customization capabilities”. The upgrade also reduces on-chain inflation for INJ (Injective’s native token) among other things. source
-Decentralised exchange Vertex has migrated from USDC.E (bridged USDC) to native USDC. source
-Pendle enters the Liquid staking token space with ether.fi’s eETH. Users that LP eETH will retain all benefits (EigenLayer points, ether.fi points and yield) as well as Pendle swap fees and PENDLE incentives. Separately, Pendle also launched limit orders on Arbitrum, which allow for users to buy or sell principal and Yield tokens at a specified implied APY. source 1 source 2
-Berachain launches its public testnet, “Artio”. Berachain is an EVM-equivalent L1 built on the Cosmos SDK and powered by Proof of Liquidity. They raised $42 million through a raise in April 2023. source
-Orbiter Finance confirms a token launch coming this year. They also include that the “O-Points Program will play a crucial role in shaping our airdrop rules”. source
-Near foundation cuts its staff by 40% (-35 employees). The cut mostly affects employees from marketing, business development, and community teams. source
-WAGMI, a limited TVL decentralised exchange with advanced liquidity provision strategies and GMI mechanics, launches on Metis chain, with three strategies currently live. source
-Base releases their 2024 roadmap. They plan to accelerate decentralisation while increasing network availability, driving down gas fees to sub $0.01, and making smart wallets the default. source
-Y2K finance introduces “turbo options vaults” which allow for Call/Put-like options using the same deposit asset as the speculation asset. The service is to launch “later this month”. source
-A Conic V2 launch proposal has been posted to Conic’s governance forum. V2 will see support for Liquidity allocation modules and introduce a liquidity bootstrapping mechanism where cncCRUSD holders can bond their tokens for vlCNC. Additionally, conic V2 will enable platform fees with an initial 10% fee, the earnings of which will all go to the debt pool for the first year. source
-Hypr Network, a zero knowledge L2 optimised for gaming, goes modular as they adopt Celestia as their data availability layer. source
-Fidelity platform lists Ark 21Shares and VanEck’s spot BTC ETF in preparation of a potential approval. source
-Wintermute’s 2023 report showed a 400% increase throughout the year in over-the-counter (OTC) trading. source
-SSV, a DVT service provider, mainnet reaches $200 million in TVL. source
-Ripple is reportedly buying back $285 million of its stock at a $11 billion valuation from early investors and employees. Investors are restricted to selling a maximum of 6% of their stake. source
-EigenLayer will add 3 new LSTs on January 29th - Frax’s sfrxETH, Mantle’s mETH, and liquid collective’s LsETH. Each LST will have a 200k ETH staking cap. source
-90% of Lido DAO (LDO) holders are in profit. source
Daily Notes: 08-01-2024
Developments
- Tron’s stablecoin TVL has surpassed its all-time high of $48 billion, 94% of which belongs to USDT. source
- Last week saw $151 million in digital assets investment product inflows. source
- Bitfinex will “remove the availability of products and services for certain UK customers in line with regulatory requirements” on January 10th. source
- dYdX has fully integrated Circle’s CCTP (Cross-Chain Transfer Protocol). source
- Over $57 million has been committed to the TinFun NFT lottery sale. source
- A user spent $66,000 (1.5 BTC) in Bitcoin gas fees over 332 transactions. source
- CleanSpark has announced a strategic call option to buy 160,000 Bitmain S21 miners at $16 per Terahash. source
- Mecari, a used goods marketplace in Japan, will be allowing users to purchase goods using Bitcoin. source
- VanEck and BlackRock are to seed their spot BTC ETFs with $72.5 million and $10 million respectively. source
- Starknet’s DAO has voted to add the possibility for STRK (Starknet’s native token) to be used for gas fees. source
Trending Assets and Volumes
- BSSB (Bitstable), a decentralised asset protocol on Bitcoin, is up 38.87% and OMNI is up 27.86%.
- RBN (Ribbon Finance), up 15.41%, YGG (Yield Guild Games), up 12.81% and PEOPLE (ConstitutionDAO), up 11.13%, were top performers above $100M MC over the past day.
- INJ had a great day and is up 12.86%. RNDR is up 6.54%, potentially due to Apple’s VR headset announcement today.
- crvUSD, FLC, MKR and LINK dominated on-chain volumes.
TVL (Weekly Growth)
- Ankr, multichain liquid staking, TVL grew by 25.51%.
- ICPSwap, DEX on ICP, TVL grew by 22.38%.
- bemo, liquid staking on TON, TVL grew by 21.42%.
Fees (Weekly Changes)
- Joe v2 earned are up 1234% to $1.1M over the past day.
Full notes here:
https://x.com/asxn_r/status/1744470852798730399
Daily Notes: 04-01-2024
Developments
-Gamma Strategies, a protocol for non-custodial, automated, and active management of concentrated liquidity, has been hacked for approximately $4.5 million. To combat the hack, Gamma has stopped deposits to all public vaults but withdrawals remain open. source
-Coinbase is now requiring UK users to complete a short assessment to confirm they understand the risks associated with investing in crypto. source
-Binance US hires new Chief Compliance Officer (CCO), Lesley O’Neill, who was the previous CCO of “Prove Identity”. source
-Arbitrum Orbit, a Layer 3 RaaS provider, that any ERC-20 token that meets Arbitrum’s technical requirements can be used for gas and transaction fees. source
-2023 saw $2.25 billion of Digital Asset Fund inflows, which is 2.7 times the inflows seen in 2022. source
-IoTeX is preparing to launch their zero knowledge Layer 2 DePIN solution, W3bstream. source
-Visa is piloting a Web3 loyalty program involving “gamified giveaways and immersive treasure hunts”. source
-The Solana Foundation will be investing $10 million in Brazil and Web3/crypto-related products in Brazil. source
-Berkshire Hathaway Specialty Insurance has expanded its multinational capabilities, including the adoption of a permissioned blockchain solution “WorldLink” developed by ChainThat. source
-Aave Labs temporarily disables new supply and borrows for AVAX, WMATIC, and MaticX to mitigate a “potential technical issue”. source
Trending Assets and Volumes
- DMT, SankoGameCorp, is up 83.11% over the past day. Notably, Sanko announced that they are building an L3 a few months ago and Arbitrum announced today that users will be able to use ERC-20 tokens for gas and transaction fees on L3s. USH is up 59.45% today.
- MC is up 38.81% today and BEAM is up 37.23%.
- INJ had a great day and is up 15.34%. OP is up 7.35%, ARB is up 6.30% and AVAX is up 7.05%.
- MKR, FLC and LUSD dominated onchain volumes today.
TVL
- ICPSwap, DEX on ICP, TVL grew by 33.72%.
- MilkyWay Zone, liquid staking for Celestia, TVL grew by 16.87%.
- Tonstakers, liquid staking for TON, TVL grew by 10.93%.
Fees
- Synthetix fees earned are up 780.40%, following the large liquidation event yesterday. Arbitrum fees earned are up 200.84% and Camelot V3 fees earned are up 131.31%.
Full notes here:
https://x.com/asxn_r/status/1743030558827921655
Daily Notes: 02-01-2024
Happy new year. We're back!
Developments
- Hacked Orbit Chain funds worth $81.5 million remain stagnant in the hacker's wallet. source
- Grayscale amended the S-3 form for their BTC trust to spot BTC ETF conversion. The amendment does not specify an Authorized Participant, unlike other BTC ETF applicants. source
- Arbitrum’s native token (ARB) broke its all-time high price today, reaching $1.83. Another Layer 2, Optimism, also exceeded its all-time high in late December 2023. source
- Fidelity has set their Bitcoin ETF fee at 0.39%, designating their Authorized Participant as Jane Street. source
- Jupiter’s JUP airdrop is set to launch in late January. source
- MakerDAO will be rebranding to a new token, with MKR holders able to redeem the new token at 1 MKR:24000 of the new token. source
- Arbitrum’s TVL exceeded $10 billion for the first time and currently sits just under at $9.97 billion. source
- PancakeSwap burned $29 million of CAKE. source
- Mountain Protocol’s USDM supply soars to $140 million, with the majority of flows to Manta as users bridge.
Trending Assets and Volumes
- FLC, (Flooring Lab Credit - a fractional NFT protocol), is up 75%, RUNE is up 60%. MAV had a good day and is up 20.17%.
- PERP is up 26.84%. SKL (Skale Network), is up 24.14%. Notably, as of November 30th 2023, according to CoinGecko, Skale had 230K active users.
- MKR had a great day, and is up 12.38%, likely due to the potential redenomination of the token (1:24,000) as NGT.
- MKR, LINK, AAVE and MUBI dominated on-chain volumes.
TVL
- Gravita Protocol, a lending and borrowing protocol on Ethereum, TVL is up 32.76%.
- Sonic, DEX on ICP, TVL grew by 30.76%.
- Renzo, restaking on Ethereum, TVL grew by 22.51%.
Fees
- Bitcoin fees earned are up 37.17% to $15.2 million. Curve DEX fees earned are up 163%.
- Uniswap V3 fees earned are down 71.57%.
Full notes here:
https://x.com/asxn_r/status/1742312659792576587
Daily Notes: 18-12-2023
Today's newsletter is sponsored by Pendle Finance.
Pendle has recently teased their upcoming protocol upgrade, Pendle V3, an on-chain system for margin interest rate swap markets.
Additionally, they currently have an ongoing leaderboard campaign on Arbitrum where Rank 1 for this season can win 10,000 in ARB. The campaign will last until 20 December, 23:59 UTC. The top traders will be sorted and determined by their P&L in % by the end of Season 1.
You can check out the trading competition Pendle is offering here.
Developments
- Polygon POS leads with the highest number of inscriptions on EVM chains at 161 million, over two times more than the second chain, BNB, with 78 million. source
- Revolut will suspend the ability for their UK business customers to buy Crypto from Jan 4th, 2024, due to “projected regulatory modifications” from the FCA. Retail users will remain unaffected and still have access to buying and selling crypto through Revolut’s services. source
- SEC delays decision on Hashdex’s Ethereum ETF and Grayscale’s Ethereum Futures ETF. source
- Circle has deployed EURC (1:1 Euro stablecoin) natively to Solana. source
- Kamino Finance raised the cap for their JitoSOL vault from $16 million to $20 million. The vault has filled within 10 hours. Additionally, Kamino Finance also announced day 1 support for Circle’s EURC as collateral on Kamino Lend. source
- Avalanche users have paid $13.8 million in inscription fees in the last 5 days. source
- Zilliqa chain is currently halted due to a technical issue interrupting block production. Zilliqa’s native token, ZIL, is currently down 5%. source
- Avalanche users have paid $16.7 million in AVAX transaction fees in the last 7 days, with 75.45% spent on inscriptions. All $16.7 million of AVAX from gas fees from the last 7 days have been burned - the highest amount to date. source 1 source 2
- EigenLayer has raised their global LST cap to 500,000 ETH and listed six LSTs. The LSTs listed include osETH, swETH, AnkrETH, EthX, oETH, and wBETH. source
- MetisDAO announces a 4.6 million METIS tokens ($100 million) ecosystem growth fund for Q1 2024. The funds will be directed towards sequencer mining, retroactive funding, new project deployment, and more. source
- L2 Manta Pacific adopts Celestia as its data availability layer. source
- OKX’s NFT marketplace 24hr volume has exceeded $50.33 million, surpassing Blur, Opensea, MagicEden, and UniSat combined. source
- Aperion, by Axie Infinity creator Sky Mavis and Foonie Magis, has migrated to the Ronin blockchain. source
- Zooko Wilcox has stepped down as CEO of Electric Coin Company, with Josh Swihart taking over as CEO. source
Trending Assets and Volumes
- METIS had a great day and is up 25.19%. WOO is up 10.19% today, and 72.08% over the past week.
- INJ continues to show strength and is up 10.18% today. OP is up 3.40%.
- swETH had increased trading volumes today, following EigenLayer LST caps being raised to 500k ETH.
TVL
- Mountain Protocol, multichain stablecoin protocol, TVL grew by 48.59%.
- ICPSwap, AMM on ICP, TVL grew by 47.15%.
- Kinza Finance, lending on Binance, TVL grew by 35.19%.
Fees
- Bitcoin is the highest fee earner at the moment. zkSync Era fees earned have increased 369.42% over the past day.
Full notes here:
https://x.com/asxn_r/status/1736889896780927054