Developments
DMT
SankoGameCorp announced that they will be migrating $DMT to Ethereum Mainnet and will deploy liquidity on Ethereum at 5pm EST. Following the announcement DMT price rose by 30%, and reached $52.57 at peak.
Additionally, SankoGameCorp has recently been teasing the launch of their SankoChain, rumored to be an L3 using DMT as gas, built on top of Arbitrum.
Unibot X Launches
Today Unibot launched their new web-app Unibot X providing a suite of services to “take your on-chain trading to the next level”. To name a few:
Unibot X displays a list of ERC-20 tokens and their accompanying liquidity as they are deployed.
The amount of snipers on a newly deployed token.
An in-built honeypot checker that lets you check if a token may be a honeypot.
The ability to perform simultaneous multi-wallet swaps.
As well as the ability to set limit orders.
friendtech Points
This Friday, friend.tech will begin airdropping reward points to app testers. Points are collected off-chain during the beta period and will have a special purpose when the app enters official release status. 100,000,000 points will be distributed over six months.
Friend Tech Points
OPNX has been penalized 10,000,000 United Arab Emirates dirhams (equivalent to $2.7 million) for a market violation, as per the rules set by VARA earlier this year. As of the release of this announcement, the regulator has confirmed that the fine, which was imposed on May 2, has yet to be settled.
Coinbase Secure Regulatory Approval From NFA
Coinbase Financial Markets, Inc. has achieved a significant regulatory milestone. The National Futures Association (NFA), an organization designated by the Commodity Futures Trading Commission (CFTC) for self-regulation, has granted Coinbase the green light to function as a Futures Commission Merchant (FCM). This approval paves the way for eligible US customers to engage in crypto futures trading via Coinbase's platforms.
SEI Network Launches
The Sei mainnet launched yesterday accompanied with the $SEI token which was listed on several tier one exchanges such as Binance, Upbit, Kucoin and Kraken.
In the last 24 hours, Sei has traded a combined volume of $1.3 billion of which Upbit, a Korean exchange, stands in first place with $640 million in volume in comparison to Binance’s $270 million.
Mantle
Since its inception just a month ago, Mantle Network, an Ethereum L2 solution has grown rapidly, surpassing $40mil in TVL.
Further, an estimated 4,960 unique addresses have bridged to nearly $60 million from Ethereum to Mantle.
Trending Assets
Below $100M MC by performance, on chain
DMT, up 21.42% and STFX, up 12.46%, are some relevant top performers over the past 24 hours.
Above $100M MC by performance, on chain
BONE, up 12.98%, is the top performer over the last day, likely due to the Shibarium (Ethereum L2 where BONE will be used as gas) launch approaching.
Above $1B MC by performance, on chain
Majors underperformed over the past day.
TVL
TVL Above $10M
Over the past day:
Alien Base, DEX on Base, TVL grew by 41.25%.
Angle, multichain CDP stablecoin protocol, TVL grew by 37.43%.
GMX V2, perpetual DEX on Arbitrum and Avalanche, TVL grew by 6.68%.
Fees
Ethereum earned the highest fees over the past day, at $5.14M, followed by Lido and Tron.
Notably, Optimism fees earned are up 120.68% over the past day, at $307K, and Bitcoin fees earned are up 36.41%, at $536.9K.
Governance Proposals
RIP47: Swap between Redacted DAO and Olympus DAO
Redacted will pay OlympusDAO $3.75M in $gOHM tokens. In exchange, Redacted will stop all vesting of BTRFLY to Olympus and Olympus will pay Redacted all of the $BTRFLY (and future unlocking $BTRFLY from rlBTRFLY) in its possession, equal to at least 5,429.23 $BTRFLY.
[Temperature Check] Deploy Uniswap V3 on Scroll
Proposal to deploy Uniswap V3 on Scroll’s upcoming Mainnet launch, following a successful deployment on the Scroll testnet.
Articles / Threads
Expanding GMD and GND Protocol to Base Chain
GMD and GND Protocol (yield aggregators) will be launching on Base Chain.
Injective released a tokenomics update, outlining that all dApps built on Injective can contribute to the INJ burn auction with no limit to how much of their fees they wish to burn.
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