Daily Notes 06-03-2024
Developments
EigenLayer Now Second Largest in TVL
EigenLayer is now the second largest protocol with $11.392 billion in TVL. Lido remains first with $37.865 billion in TVL.
Wormhole Releases W Token Airdrop Eligibility Checker
Wormhole releases W token airdrop eligibility checker.
Binance Launchpad Lists AEVO
Binance launchpad lists AEVO (formerly Ribbon Finance). Ribbon Finance’s token, RBN, will be redeemable 1:1 for AEVO.
Ethena Integrates into Injective
Ethena, the issuer of USDe, has integrated Injective. This is Ethena’s first integration outside of Ethereum.
Mutant Ape Yacht Club Collection Selling Below Average Mint Price
The Mutant Ape Yacht Club collection is currently selling below its average mint price.
Nostra Launches nstSTRK Liquid Staking Token for STRK
Nostra launched nstSTRK (formerly stSTRK as of today), a Liquid Staking Token for the STRK token.
Snapshot Introduces Boost Feature to Tackle Voter Apathy in DAOs
Governance platform Snapshot introduced the boost feature which is currently in private beta.
Spain Temporarily Bans Worldcoin's Eye Scanning Program
Spain temporarily banned Worldcoin’s eye scanning program over privacy concerns.
Parallel Network’s Early Access Testnet Goes Live
Parallel Network’s early access testnet is live.
Uniswap Extension to Include MEV Protection and Simplified Transactions
The Uniswap extension will include built-in MEV protection and simplified transaction confirmations among other features.
WooFi's Algorithm Exploited on Arbitrum
WooFi’s sPMM (Synthetic Proactive Market Making) algorithm on Arbitrum was exploited for $8.75 million.
Binance to Implement Long Term Solution for Solana Withdrawals
After intermittently suspending Solana withdrawals recently due to the “increased volume of transactions on the network”, Binance will seek to implement a longer term solution on March 9th 18:00 (UTC).
Injective and DojoSwap Release CW20-Reflection Standard
Injective and DojoSwap released the CW20-Reflection standard which enables developers to deploy tokens with increased customizability such as a protocol fee sharing parameter.
Trending Assets
Below $100M MC by performance, on chain
Doginme is up 92.99%, and ROOK by 83.66%.
Above $100M MC by performance, on chain
MOG is up 66.14%. AERO is up 29.40%, likely due to Base ecosystem investment as well as increased interest in Base. SYN is up 24.56%.
Above $1B MC by performance, on chain
RBN is up by 58.65% following the Binance Launchpad announcement. AI/VR/metaverse tokens RNDR, up 36.20%, and FET, up, 32.99% performed well today.
Trading Volumes
PEPE, crvUSD, UNI, RBN and SHIBA dominated on-chain volumes
TVL
TVL Above $10M
Over the past day:
Juice Finance, lending on Blast, TVL grew by 148.20%.
Pac Finance, self-repaying lending and margin trading protocol on Blast, TVL grew by 148.20%.
Fees
Uniswap fees earned are up by 112%, Synthetix fees earned are up by 466%, and Base fees earned are up by 63.31%.
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