Daily Notes 18-12-2023
Today’s newsletter is sponsored by Pendle Finance.
Pendle Finance is a DeFi protocol that allows users to tokenize and trade future yields from staked assets and real-world assets.
Pendle has recently teased their upcoming protocol upgrade, Pendle V3, an on-chain system for margin interest rate swap markets.
Additionally, they currently have an ongoing leaderboard campaign on Arbitrum where Rank 1 for this season can win 10,000 in ARB. The campaign will last until 20 December, 23:59 UTC. The top traders will be sorted and determined by their P&L in % by the end of Season 1.
You can check out Pendle here:
Developments
Polygon POS Leads in Inscriptions
Polygon POS leads with the highest number of inscriptions on EVM chains at 161 million, over two times more than the second chain, BNB, with 78 million.
Revolut Suspends Crypto for UK Businesses
Revolut will suspend the ability for their UK business customers to buy Crypto from Jan 4th, 2024, due to “projected regulatory modifications” from the FCA.
SEC Delays Decision on Ethereum ETFs
SEC delays decision on Hashdex’s Ethereum ETF and Grayscale’s Ethereum Futures ETF.
Circle Deploys EURC on Solana
Circle has deployed EURC (1:1 Euro stablecoin) natively to Solana.
Kamino Finance Raises JitoSOL Vault Cap
Kamino Finance raised the cap for their JitoSOL vault from $16 million to $20 million, also announcing support for Circle’s EURC as collateral on Kamino Lend.
Avalanche Users Pay $13.8M in Inscription Fees
Avalanche users have paid $13.8 million in inscription fees in the last 5 days.
Zilliqa Chain Halts Due to Technical Issue
Zilliqa chain is currently halted due to a technical issue, with ZIL's value currently down 5%.
Avalanche Burns $16.7M in Transaction Fees
Avalanche users have paid $16.7 million in AVAX transaction fees in the last 7 days, with a significant portion spent on inscriptions.
EigenLayer Raises Global LST Cap
EigenLayer has raised their global LST cap to 500,000 ETH and listed six new LSTs.
MetisDAO Announces $100M Ecosystem Fund
MetisDAO announces a 4.6 million METIS tokens ($100 million) ecosystem growth fund starting in Q1 2024.
Manta Pacific Adopts Celestia
L2 Manta Pacific adopts Celestia as its data availability layer.
OKX NFT Marketplace Surpasses $50M Volume
OKX’s NFT marketplace 24hr volume has exceeded $50.33 million, surpassing major competitors.
Aperion Migrates to Ronin Blockchain
Aperion, developed by Axie Infinity creator Sky Mavis, has successfully migrated to the Ronin blockchain.
Zooko Wilcox Steps Down as Electric Coin CEO
Zooko Wilcox has stepped down as CEO of Electric Coin Company, with Josh Swihart taking his place.
Trending Assets
Below $100M MC by performance, on chain
Above $100M MC by performance, on chain
METIS had a great day and is up 25.19%. WOO is up 10.19% today, and 72.08% over the past week.
Above $1B MC by performance, on chain
INJ continues to show strength and is up 10.18% today. OP is up 3.40%.
Trading Volumes
swETH had increased trading volumes today, following EigenLayer LST caps being raised to 500k ETH.
TVL
TVL Above $10M
Over the past day:
Mountain Protocol, multichain stablecoin protocol, TVL grew by 48.59%.
ICPSwap, AMM on ICP, TVL grew by 47.15%.
Kinza Finance, lending on Binance, TVL grew by 35.19%.
Fees
Bitcoin is the highest fee earner at the moment. zkSync Era fees earned have increased 369.42% over the past day.
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.