Daily Notes 03-04-2024
Developments
Arbitrum DAO Proposes Activation of Stylus for Multi-Language Support
A proposal to enable Arbitrum Stylus on Arbitrum One and Arbitrum Nova has been published on Arbitrum’s DAO forum. Stylus allows developers to build on Arbitrum using programming languages other than Solidity, such as Rust, C, C++ and more.
Ethena's ENA Token Claim Surpasses $268 Million
243,995,681 ENA tokens ($268.4 million) tokens, across 23,621 users, have been claimed out of the 750,000,000 airdrop allocation.
Tensor Season 4 Commences with Upcoming TNSR Token Treasure Boxes
Tensor Season 4 starts today. Treasure boxes, which contain TNSR tokens, received from any season will be openable on April 8th.
FRAX Stablecoin to Expand into Cosmos Ecosystem via Noble
Frax Finance’s stablecoin, FRAX, will be deploying on Cosmos via native issuance on Noble.
veFXS Holders to Begin Receiving Revenue Share
Revenue share to veFXS (locked Frax Share tokens) holders “can finally begin as early as this Wednesday”.
PancakeSwap Announces Deployment on Monad
PancakeSwap will be deploying on Monad.
Optimism Listed on Robinhood Crypto EU
Robinhood Crypto EU listed Optimism today.
Velodrome Dex to Launch on Bitcoin L2 with EVM Compatibility
Velodrome to launch its dex on Build on Bitcoin (BOB), a Bitcoin L2 with EVM compatibility.
Bitcoin Cash Approaches Halving Event
Bitcoin Cash’s halving is estimated to occur today, 03 Apr 2024 at 20:12 UTC.
Deepbook Introduces DEEP Token with First Distribution
Deepbook, a CLOB protocol on Sui, introduced their native token, DEEP. “The first distribution of $DEEP was sent today in the form of a soul-bound NFT”.
$24 Million SOL Stuck Due to Lido Deployment Bug
$24 million of SOL staked with Lido’s deprecated solana deployment will be stuck for an indefinite amount of time due to a bug in the code.
Trending Assets
Below $100M MC by performance, on chain
ZYN is up 66.46% today. YIELD, GameFi on Blast, is up 37.02%.
Above $100M MC by performance, on chain
SYN, had a good day following W TGE, and is up by 38.40%, and DEGEN is up by 23.60%.
Above $1B MC by performance, on chain
ENA had a great second day of trading, is up by 35.12%.
Trading Volumes
ENA, MKR, UNI, PEPE and wTAO dominated on-chain volumes.
TVL
TVL Above $10M
Over the past day:
Stream Finance, delta neutral strategies, TVL grew by 139.26%.
MethLab, lending and borrowing protocol on Mantle, TVL grew by 57.8%.
Curve LlamaLend, decentralised lending and borrowing protocol, TVL grew by 50.88%.
Fees
Ethereum fees earned are up by 47.81%, Solana fees earned are down by 2%, Base fees earned are up by 28.12%, and BONKbot fees earned are up by 13.83%.
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