Daily Notes 12-01-2024
Developments
Hong Kong's Virtual Asset Rating Agency Updates Top5 Index, Adds SOL
Hong Kong’s Virtual Asset Rating Agency removes XRP and adds SOL to its cryptocurrency Global Large Top5 Index.
BlackRock CEO Larry Fink Sees Value in Ethereum ETF
BlackRock’s CEO Larry Fink says he “sees value in having an Ethereum ETF” in an interview with CNBC.
Uniswap Releases Permit2 and Universal Router Smart Contracts
Uniswap released two smart contracts - Permit2 and Universal Router. Permit2 allows the sharing of approvals across any application with the Permit2 standard, reducing transaction costs for users.
Ubisoft Joins Wemade's WEMIX On-chain Network
Ubisoft joins Wemade’s WEMIX on-chain Network of Decentralized Ecosystem Regulators. The collective is also known as the 40 WONDERS and are validators for the WEMIX 3.0 Network.
Vanguard Blocks Clients from Buying Spot BTC ETFs
Vanguard is preventing their clients from buying spot BTC ETFs, due to crypto-related products not aligning with the asset manager's focus on asset classes that build blocks of a well-balanced, long-term investment portfolio.
Ordinals Inscriptions Now Live on Flow Blockchain
Ordinals inscriptions go live on the Flow blockchain.
dYdX Hits Over $930 Million in 24 Hour Trading Volume
dYdX 24 hour trading volume reaches over $930 million.
Genesis Settles New York Lawsuit, Surrenders BitLicense
Genesis to surrender their BitLicense and pay a $8 million fine as they settle their New York lawsuit.
MakerDAO Increases SparkLend’s D3M Debt Ceiling to $1.2 Billion
MakerDAO raises SparkLend’s Direct Dai Deposit Module (D3M) Maximum Debt Ceiling from $800 million to $1.2 billion.
SkyArk Chronicles Secures $15 Million Funding Led by Binance Labs
Blockchain based AAA gaming production studio, SkyArk Chronicles, announces $15 million raise led by Binance Labs.
Optimism Distributes $100 Million in OP to Public Goods Funding Recipients
Optimism distributed $100 million of OP (30 million OP) to 501 recipients in round 3 of its Retroactive Public Goods Funding (RetroPGF).
Sotheby's Opens Bidding for Collection of 19 Bitcoin Ordinals
Sotheby's opened bidding for a collection of 19 Bitcoin Ordinals. The collection includes notable early inscriptions and rare sats.
Paypal’s PYUSD TVL Grows by 70% to $290 Million
Paypal’s PYUSD TVL increased by 70% to $290 million over the past month.
Trending Assets
Below $100M MC by performance, on chain
UMAMI, a protocol on Arbitrum offering non-custodial yield products, up 24.62%. UNIBOT, up 23.34%, and GEAR, up 17.24%, performed well today.
Above $100M MC by performance, on chain
BLUR had a good day, is up 10.54%. SSV is up 8.64% and WLD is up 8.27%. Notably, Fink discussed decentralized ID and tokenization in an interview with CNBC today.
Above $1B MC by performance, on chain
OP, up 5.91%, was top performer for tokens above $1B today.
Trading Volumes
frxETH, crvUSD and FLC were amongst the top traded tokens onchain today.
TVL
TVL Above $10M
Over the past day:
NAVI, lending on Sui, TVL grew by 21.44%.
Cakepie, yield on BNB, TVL grew by 20.40%.
ThalaSwap, DEX on Aptos, TVL grew by 17.88%.
Fees
Ethereum fees earned are up 93.12% to $12.4 million, Bitcoin fees earned are down -23.96% to $3.87 million. Prisma Finance fees earned are up 1407% to $320,877.
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