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 Raises $25 Million in Series A Funding Led by Tether
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.
Ripple Ordered to Provide 2022-2023 Financial Statements After SEC Motion
After a judge ruled in favour of the SEC’s motion, Ripple must turn over their 2022-2023 financial statements.
ENS and GoDaddy Partner to Link Web Domains with Blockchain Names
ENS partners with GoDaddy to allow users to link their ENS to their domain.
Kenetic Capital Moves $4.8 Million of RNDR to Binance
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.
Digital Asset Fund Flows See Significant Increase, Led by Bitcoin
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.
Crypto Venture Capitalist Investments Rise to 113 in January
The number of VC investments into crypto during January rose to 113, a 10% MoM increase.
0xngmi Introduces Smolrefuel for ETH-less Swaps Via Permits
0xngmi released smolrefuel which lets users swap with no initial ETH for gas via permits.
Aptos Set for $219.86 Million Unlock on February 11th
$219.86 million of Aptos (APT) will be unlocking on 11th February.
Bybit Debuts BRC20 Inscription Marketplace
Bybit launched their BRC20 inscription marketplace.
Trending Assets
Below $100M MC by performance, on chain
AERO, up 19.87%, and VELO, up 16.31%, performed well today, likely due to increased interest in OP ecosystem following Farcaster’s popularity.
Above $100M MC by performance, on chain
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%.
Above $1B MC by performance, on chain
IMX, up 5.76%, and LINK, up 3.09%, were top performers today for tokens above $1B MC.
Trading Volumes
PNDC, RSTK and LINK dominated trading volumes on-chain today.
TVL
TVL Above $10M
Over the past day:
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%.
Disclaimer:
The information and services above are not intended to and shall not be used as investment advice.
You should consult with financial advisors before acting on any of the information and services. ASXN and ASXN staff are not investment advisors, do not represent or advise clients in any matter and are not bound by the professional responsibilities and duties of a financial advisor.
Nothing in the information and service, nor any receipt or use of such information or services, shall be construed or relied on as advertising or soliciting to provide any financial services.