Daily Notes 05-01-2024
Developments
Arbitrum’s DEX Volume Surpasses Ethereum
Arbitrum’s 24 hour DEX volume surpassed Ethereum’s with $1.834 billion in volume compared to Ethereum’s $1.4 billion.
CertiK's Twitter Account Compromised and Recovered
CertiK’s Twitter account was compromised today but has since been recovered.
Ethereum Validator Exit Queue Reaches All-Time High
Ethereum’s validator exit queue reached an all time high of 16,766 validators (536,512 ETH unstaked [$1.2 billion]) today.
Ark Invest Sells Coinbase Stock
Ark Invest sold $4.2 million worth of Coinbase stock (COIN).
VanEck's Donation to Bitcoin Core Developers
VanEck have donated $10,000 to Brink and pledged to donate 5% of profits earned from their spot BTC ETF.
Uniswap Dominates Ethereum Network in Gas Usage
2023 on the Ethereum network saw Uniswap dominate in terms of gas used on the protocol and the number of transactions involving Uniswap.
Nigeria Approves cNGN Stablecoin Pilot
Nigeria’s central bank has approved the Africa Stablecoin Consortium (ASC) to begin piloting cNGN - a stablecoin pegged 1:1 to the Naira.
Fantom Reduces Validator Staking Requirement
Fantom has reduced their validator staking requirement from 500,000 FTM to 50,000 FTM.
Trending Assets
Below $100M MC by performance, on chain
DMT continues to show strength, and is up 37.42% today, and 114.49% over the past week. UNIBOT is up 4.82% today.
Above $100M MC by performance, on chain
POWR, up 34.26%, and PEOPLE, up 29.84%, were the top performers for tokens above $100M MC today.
Above $1B MC by performance, on chain
Majors and large caps underperformed today.
Trading Volumes
LUSD, METIS, LINK and POWR dominated volumes onchain today.
TVL
TVL Above $10M
Over the past week:
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
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%.
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