Covalent (CXT) goes live on Kraken Ink Layer 2 Mainnet
Developers can now access cross-chain data to unlock new possibilities for decentralized innovation. Ink's ecosystem builders can also leverage the GoldRush toolkit to build DeFi applications and access detailed data from over 100 networks.
👉 x.com/Covalent_HQ/status/1869804905629954527
Swell (SWELL) introduced the Swellchain, powered by Proof of Restake
Swellchain operates as a restaking-powered Layer 2 network built on the OP Stack. Users can now bridge and hold tokens before December 31 to collect a share of 31.25M SWELL. Swell is a non-custodial staking protocol.
👉 x.com/swellnetworkio/status/1869621024230445494
Kraken-backed Layer 2 Ink has launched its mainnet
Initially planned for Q1 2025, Ink has launched ahead of schedule. Ink is offering permissionless access to DeFi apps, such as trading, lending & borrowing services. Ink prioritizes interoperability, enabling users to transfer assets seamlessly between chains.
👉 blog.kraken.com/news/ink-mainnet-launch
Kernel DAO has introduced KERNEL tokenomics details
KERNEL will be airdropped to users and supporters across multiple seasons with 20% dedicated to airdrops. Kernel DAO is a multi-utility and highly user-centric protocol that governs an ecosystem of products across Kernel Restaking, Kelp LRT and Gain.
👉 x.com/kernel_dao/status/1869427520044707885
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.69T (-4.74%)
BTC Price: $101,891 (-1.88%)
BTC Dominance: 54.5% (+0.60%)
Fear & Greed Index: 75 (Greed)
Total Value Locked: $210B (-4.09%)
Sophon Mainnet goes live alongside the SOPH token launch
Mainnet represents the first-ever Validium on ZKsync to leverage an external data availability layer powered by Avail. The launch comes with $450 million in TVL and partnerships with LayerZero, Beam, Aethir, Stargate, and other industry leaders.
The Mainnet features include bridge, swap, and farm available via the Sophon Portal. The Sophon Farming program moved to Phase 2. Node holders' rewards begin accruing on January 1. The full token transferability will be available in Q1 2025.
👉 x.com/sophon/status/1869427009278914935
Lens Protocol closed a $31 million strategic round led by Lightspeed Faction
Additional participants include Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Borderless, Alchemy, Superscript, Re7, Wintermute Ventures, Bodhi, and other angel investors. Lens is an Ethereum SocialFi network powered by zkSync and Avail.
👉 lens.xyz/news/lens-closes-31-million-strategic-raise
Saga (SAGA) launches Mainnet 2.0 to transform blockchain economics
The major upgrade lays the foundation for the launch of Liquidity Integration Layer (LIL) in Q1 2025. The LIL will build upon Mainnet 2.0’s infrastructure to deliver a solution for unified liquidity across blockchain ecosystems.
👉 medium.com/sagaxyz/saga-launches-mainnet-2-0-to-transform-blockchain-economics
EARN’M (EARNM) will hold its initial listing on December 19
EARNM will be available on Bitget, Uniswap, Gate, and MEXC. EARNM token initial price is $0.01. Initial Market Cap is $1.04M. Diluted Valuation is $50M. Earnm is a deflationary MobileFI and DePIN rewards ecosystem that turns smartphones into EarnPhones.
👉 x.com/EARNMrewards/status/1869296080510484633
Performance of the recent Binance Launchpool projects
Usual (USUAL) trading went live on the Binance exchange following the Launchpool event. Let's have a look and compare the token metrics of the latest projects launched via Binance Launchpool.
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.83T (-4.38%)
BTC Price: $104,130 (-3.05%)
BTC Dominance: 53.2% (+0.20%)
Fear & Greed Index: 81 (Extreme Greed)
Total Value Locked: $219B (-3.76%)
ZetaChain (ZETA) introduced the Gateway, a cross-chain interface for building Universal Apps
Gateway streamlines the developer experience deploying Universal Apps that operate natively across any blockchain. Universal EVM apps can natively access any blockchain and be accessed directly from those chains without requiring users to switch networks.
👉 blog.zetachain.com/introducing-gateway-your-unified-entry-point-for-building-universal-apps-76b0a2845edb
❗️Dear community, CryptoDiffer will hold an AMA with Bitlayer on December 18th at 1:00 PM UTC in the CryptoDiffer Telegram Chat!
The reward pool for the best questions is $100 USDT!
(Questions from previous AMAs are strictly forbidden and people will be disqualified from participating in the reward distribution.)
CHAT 🗣 https://t.me/joinchat/Brbs51k5cWoRBKtsgmb6Ew
Pudgy Penguins (PENGU) will hold its initial listing today
Binance, OKX, Bybit, KuCoin, Gate, Bitget, Bybit, and MEXC have announced the PENGU listing expected to take place on December 17th, 14:00 UTC. With over 3 million followers across social platforms, Pudgy Penguins has grown into a mainstream digital brand.
👉 x.com/pudgypenguins/status/1868656605899927850
Injective joined forces with Sonic to launch a cross-chain AI agent platform
The Smart Agent Hub will leverage Sonic's HyperGrid and Inter-Blockchain Communication Protocol (IBC) to integrate AI Agents built on Solana Virtual Machine (SVM) into the Injective ecosystem. Initial Testnet deployment on Injective is expected in Q1 2025.
👉 blog.injective.com/en/sonic-and-injective-build-industrys-first-cross-chain-smart-agent-hub
Sharpe Labs (SAI) acquires Hive Intelligence to expand its AI ecosystem
Hive provides an infrastructure allowing AI agents to interact with real-time blockchain data through a unified API. Hive’s API will be integrated into existing tools like Sharpe Search to strengthen Sharpe’s product suite.
👉 vxtwitter.com/sharpelabs/status/1869747706295394341
BitLayer (BTR) DeFi Ecosystem Overview
The BitLayer ecosystem reached a total TVL of $847M, with a 17.2% growth in the last 30 days. Leading the ecosystem are DeSyn Protocol ($367M), Avalon Finance ($282M), Pell Network ($55.1M).
MooMoo conducted MOOMOO initial listing on MEXC & LBank
MOOMOO trading is now live on exchanges under USDT markets. Current price is $0.03932. Diluted Valuation is $39.3M. 100% of tokens are currently in circulation. MOOMOO represents the inaugural cow-themed memecoin within the Aptos ecosystem.
👉 x.com/MooMooAPT/status/1869679657878180000
PancakeSwap (CAKE) has launched cross-chain bridge
Users can now easily transfer assets between 8 major chains, including Ethereum, BNB Chain, Base, Linea, opBNB, Arbitrum One, zkSync Era, and Polygon zkEVM. PancakeSwap is the largest peer-to-peer DEX running on the BNB Chain and multiple other network.
👉 x.com/PancakeSwap/status/1869367179701014763
Crypto Events Recap, December 17-18
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-december-17-18-2024
Top Arbitrum dApps by the number of users in the last 30D
The infographic depicts the Top Arbitrum dApps sorted by the number of Unique Active Wallets interacting or performing a transaction with a dApp's smart contracts in the last 30 days.
Sonic Labs (S) announced the launch of its public Mainnet
FTM holders can now upgrade their tokens to S on Sonic on a 1:1 basis using the upgrade portal on MySonic. The Sonic Gateway is set to launch within the next 24–48 hours.
Sonic (formerly Fantom) is an EVM L1 blockchain providing 10,000 TPS, sub-second finality, and a native decentralized gateway to Ethereum.
👉 x.com/SonicLabs/status/1869387277753086347
Tokenized RWA platform Plume Network raised $20 million in Series A funding round
Investors in the Series A round included Brevan Howard Digital, Haun, Galaxy, Lightspeed Faction, Superscrypt, Hashkey, Laser Digital, A Capital, 280 Capital, SV Angel, and others. Plume Mainnet is expected to launch in Q1 2025.
👉 coindesk.com/business/2024/12/18/rwa-focused-network-plume-raises-20-m-from-brevan-howard-and-others-ahead-of-mainnet-launch
HashKey (HSK) has launched mainnet of its Layer 2
HashKey Chain, powered by OP stack, offers full EVM compatibility and is built for speed, low fees, and seamless developer experiences. HashKey is an end-to-end digital asset financial services company.
👉 x.com/HashKeyHSK/status/1869200916492021999
Binance to delist AKRO, BLZ, and WRX on December 25
Kaon (AKRO), Bluzelle (BLZ), WazirX (WRX) trading will be ceased at 3:00 UTC. Users will be able to withdraw assets until February 25. The prices of the respective tokens were hit significantly by the news.
👉 binance.com/en/support/announcement/binance-will-delist-akro-blz-wrx
ENS Labs partners with Linea to build Namechain, its Layer 2 rollup for scaling ENS
This partnership will combine Linea's advanced zkEVM architecture with ENS's upcoming ENSv2 protocol to create a scalable infrastructure for the decentralized identity system. The launch of Namechain is scheduled for 2025.
👉 blog.ens.domains/post/ens-picks-linea
BVNK raised $50 million in Series B funding at around $750 million valuation
Haun Ventures led the Series B funding round with participation from Coinbase Ventures and existing investor Tiger Global. BVNK is a UK-based stablecoin infrastructure company. In 2022, it raised $40M from Tiger Global, Kingsway Capital, Nordstar, and Avenir.
👉 fortune.com/crypto/2024/12/17/exclusive-stablecoin-bvnk-750-million-series-b-bridge-stripe-haun
Glacier Network (GLS) will hold its initial listing on December 18, 10:00 UTC
GLS will be available on KuCoin, Gate, and Uniswap. GLS token initial price is $0.0333. Initial Market Cap is $2.61M. Diluted Valuation is $33.3M. Glacier is building a modular and scalable infrastructure for agents, models, and datasets, supercharging AI at scale.
👉 x.com/Glacier_Labs/status/1867519734113349966
Avalanche (AVAX) has activated its major Avalanche9000 upgrade
The upgrade consists of seven improvement proposals, aimed at lowering transaction fees, operating validators, and building applications on the network. Among the biggest changes that were implemented are a new type of validator, and a base fee cut.
👉 x.com/avax/status/1868710879535214878