Daily Notes 04-01-2024
Developments
Gamma Strategies Suffers $3.4 Million Hack
Gamma Strategies, a protocol for non-custodial, automated liquidity management, has been hacked for ~ $3.4 million.
Coinbase's New UK User Risk Assessment
Coinbase is requiring UK users to complete a risk assessment for crypto investing.
Binance.US Appoints New CCO
Binance.US hires Lesley O’Neill, former CCO of “Prove Identity”, as its new Chief Compliance Officer.
Arbitrium Orbit Introduces Custom Gas Tokens
Arbitrium Orbit, a Layer 3 service, allows users to select ERC-20 tokens for gas and transaction fees.
Digital Asset Fund Inflows in 2023
2023 marked $2.25 billion in Digital Asset Fund inflows, significantly higher than the previous year.
IoTeX Launches W3bstream Layer 2 Solution
IoTeX is set to launch W3bstream, a zero knowledge Layer 2 solution focusing on decentralized physical infrastructure.
Visa Pilots Web3 Loyalty Program
Visa is piloting a Web3-based loyalty program with gamified elements.
Solana Foundation's $10M Investment in Brazil
The Solana Foundation announces a $10 million investment in Brazilian Web3 and crypto projects.
Berkshire Hathaway's Blockchain Solution
Berkshire Hathaway Specialty Insurance adopts ChainThat's blockchain solution, WorldLink, for multinational capabilities.
Aave Labs Disables Certain Transactions
Aave Labs temporarily halts new supply and borrow transactions for AVAX, WMATIC, and MaticX.
Trending Assets
Below $100M MC by performance, on chain
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.
Above $100M MC by performance, on chain
MC is up 38.81% today and BEAM is up 37.23%.
Above $1B MC by performance, on chain
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%.
Trading Volumes
MKR, FLC and LUSD dominated onchain volumes today.
TVL
TVL Above $10M
Over the past day:
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%.
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