Daily Notes 12-02-2024
Developments
Digital Asset Fund Flows Surge to Over $1.1 Billion in a Week
Last week's digital asset fund flows totalled +$1.116 billion. Grayscale flows reached -$414.8 million but were offset by inflows into other crypto products.
Puffer Finance Hits $850 Million TVL, Becoming Second Largest Liquid Restaking Protocol
Puffer Finance reached $850 million in TVL.
Solana Mobile's Second Phone Achieves 100,000 Pre-Orders
Solana mobile’s second phone reaches 100,000 pre-orders.
Analog Raises $16 Million at $120 Million Valuation in SAFT Round
Analog, a blockchain interoperability protocol, raised $16 million at a $120 million valuation in a token round (SAFT) led by Tribe Capital.
Ethereum Validator Entries Surge with Over 225,000 ETH Staked
Ethereum’s Validator entry had a sharp increase to 7,045 (225,440 ETH, $589.5 million).
Backpack Exchange Announces Trading Volume as Key Factor in Ranking System
“Backpack Exchange trading volume will be a key factor in determining your Backpack Rank starting Feb 13 2300 UTC.”
Copper Integrates Custody Support for Hashnote's USYDC Stablecoin
Copper integrated custody support for Hashnote’s USYDC, a short-term treasury backed stablecoin.
Aave v3 Goes Live on Scroll
Aave v3 is live on Scroll.
DCG Reports 59% YTD Revenue Increase to $210 Million in Q4 2023
DCG, Digital Currency Group, Q4 2023 investor report showed a 59% YTD increase in revenues to $210 million.
Trending Assets
Below $100M MC by performance, on chain
Ticker BITCOIN price is up 36.90%. RSC, Brian Armstrong’s DeSci token, is up 25.71%.
Above $100M MC by performance, on chain
PORK is up 44.29%. API3 had a good day, and is up 18.81%.
Above $1B MC by performance, on chain
GameFi had a good day: IMX is up 13.67% and BEAM is up 12.88%.
Trading Volumes
PANDORA, LINK, crvUSD, BEAM and PORK dominated on-chain volumes.
TVL
TVL Above $10M
Over the past day:
Liquid Collective, liquid staking on Ethereum, TVL grew by 33.32%.
Kava Mint, CDP protocol on Kava, TVL grew by 21.89%.
FlowX Finance, DEX on Sui, TVL grew by 20.72%.
Fees
Garden (BTC bridge) fees earned are up 469%, MetaMask fees earned are up 151% and Maestro fees earned are up 63.55%.
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.