Daily Notes 18-01-2023
Developments
SEC Delays Fidelity’s Spot Ethereum ETF Application
The SEC has delayed Fidelity’s spot Ethereum ETF application.
Ondo Finance’s Token ONDO Goes Live, Listed on Major Exchanges
Ondo Finance’s token, ONDO, went live today and is listed on Bybit, Kucoin, Gate.io and more. It is also listed on Coinbase’s listing roadmap. ONDO is trading near $0.22 at around $220 million market cap.
Dymension Announces Initial Circulating Supply of 146 Million DYM
Dymension will have an initial circulating supply of 146 million DYM (14.6%).
Frax Finance's Layer 2 Chain Fractal Set to Launch in February
Frax Finance’s Layer 2, Fractal, is expected to launch in the first week of February.
Solana Mobile’s Second Phone Reaches 30,000 Preorders in 30 Hours
Solana Mobile’s second upcoming phone reached 30,000 in preorders in the first 30 hours.
Ether.fi Achieves Milestone with 100,000 ETH in Total Value Staked
Ether.fi reaches 100,000 ETH in total value staked.
Manta Experiences 'Calculated' DDoS Attack Amidst MANTA Token Generation Event
Manta experienced a “calculated DDoS attack” with over 135 million requests sent to their RPCs at the same time the MANTA token generation event was set.
Near Integrated into Polygon Chain Development Kit as Data Availability Layer
Near is now integrated into the Polygon Chain Development Kit (CDK) as a data availability layer option.
Bitcoin Becomes Second Largest ETF Commodity in the US, Surpassing Silver
Bitcoin surpassed silver to become the second largest ETF commodity in the United States.
Paxos Deploys USDP (Pax Dollar) to Solana Blockchain
Paxos, co-creators of BUSD, have deployed their stablecoin, USDP (Pax Dollar), to Solana.
Grayscale Bitcoin Trust Transfers 9,840 BTC to Coinbase Prime
Grayscale Bitcoin Trust sent 9,840 BTC ($404.36 million at the time) to Coinbase Prime.
Roundhill Investments Launches Bitcoin Covered Call ETF
Roundhill investments launched a Bitcoin covered call ETF.
Conflux Network Introduces EVM Compatible Bitcoin Layer 2 Solution
Conflux Network introduced their EVM compatible Bitcoin Layer 2 solution.
Circle CEO Jeremy Allaire Discusses Seamless UX with Circle Multichain Wallets
Circle CEO Jeremy Allaire says they are working towards a “seamless UX w/ Circle multichain programmable wallets and Circle Gas Station w USDC gas fee payment abstractions”.
Sui Partners with Stork for Ultra Low Latency Reference Prices
Sui partners with off-chain data feed oracle Stork for “ultra low latency reference prices”.
WOO X Secures $9 Million in Funding Round for Liquidity Improvement
WOO X raises $9 million from its designated market makers in a funding round to improve liquidity.
Lookonchain Reports Justin Sun's Purchase of $139.56 Million of Depegged TUSD
Lookonchain reported that Justin Sun (founder of Tron and CEX Poloniex) bought $139.56 million of depegged TUSD in an attempt to help it regain its peg.
dYdX v4 Overtakes Uniswap as Highest Volume DEX in Last 24 Hours
dYdX v4 overtook Uniswap to become the highest volume DEX over the last 24 hours.
Donald Trump Launches One-of-One Bitcoin Ordinals Collection
Donald Trump is launching a one-of-one Bitcoin Ordinals collection.
Trending Assets
Below $100M MC by performance, on chain
KIZUNA, an AI related memecoin, is up 15.43%. AERO, the native token of Aerodrome, is up 5.94%.
Above $100M MC by performance, on chain
RBN is up 11.04% and UMA is up 1.37%.
Above $1B MC by performance, on chain
Large caps underperformed today.
Trading Volumes
LINK, TROLL, FLC,crvUSD and OLAS dominated on-chain volumes.
TVL
TVL Above $10M
Over the past day:
EigenLayer, restaking on Ethereum, TVL grew by 80.70%
BiSwap V3, DEX on BNB Smart Chain, TVL grew by 23.08%
Kinza Finance, a money market on BNB Smart Chain, TVL grew by 22.18%
Fees
GMX V1 fees earned are up 3091%, AAVE V3 fees earned are up 600% and Ethereum fees earned are up 51%.
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