Daily Notes 19-01-2023
Developments
Grayscale Transfers 12,865 BTC to Coinbase Prime
Grayscale sent 12,865 BTC ($531.3 million) to Coinbase Prime today.
Entity Profits $6.7 Million from SAVM Token Launch Using BananaGun
An entity made ~ $6.7 million in profit from buying the SAVM (SatoshiVM) token as it launched. Using BananaGun, they paid a 141.66 ETH ($353k) bribe fee in order to be the first, buying 277.66 ETH ($336k) worth of SAVM.
Mantle Nears Cap with 307,000 mETH Reached
Mantle reaches 307,000 mETH. There is only 26,000 mETH left until their cap is reached.
MetaMask Introduces Ethereum Validator Staking on Portfolio
Yesterday, MetaMask introduced Ethereum validator staking on MetaMask Portfolio powered by Consensys staking.
Frax Finance Launches Frax Bonds as Decentralised Utility Tokens
Frax Finance launches Frax Bonds. Frax Bonds are a “decentralised utility tokens that convert into 1 FRAX stablecoin trustlessly when they mature”.
Aave V3 Deployment on Scroll Mainnet Proposal Gains Strong Support
A proposal to deploy Aave V3 on the Scroll mainnet is live for voting on Aave’s snapshot. The proposal ends on January 22nd and 330,000 AAVE tokens (99.95%) have voted in favour.
Klaytn and Finschia Foundations Propose Chain Merger for Asia's Largest Blockchain Ecosystem
The Klaytn and Finschia (formerly Line blockchain) Foundations have proposed a chain merger to their respective DAOs with the aim of becoming Asia’s largest blockchain ecosystem.
Synapse Introduces RFQ Bridging for Instant and Cheaper Transactions
Synapse launched RFQ bridging, which lets users “bridge instantly and 10x cheaper”.
ARKW Acquires 365,695 Shares of Ark 21shares Spot BTC ETF
ARK’s Next Generation Internet ETF (ARKW) bought 365,695 shares ($15.3 million) of the Ark 21shares spot BTC ETF (ARKB) yesterday.
HTX and HTX DAO Recover from DDoS Attack
HTX and HTX DAO were DDoS’d. The DDoS attack rendered HTX unusable but access to services were quickly restored.
Trending Assets
Below $100M MC by performance, on chain
FOLD, up 10.86%, PRISMA, up 9.50%, and UNIBOT, up 7.37%, performed well today.
Above $100M MC by performance, on chain
UMA is up 162.24% over the past day, following their announcement regarding a MEV solution for lending protocols. SYN, up 14.54%, and PENDLE, up 11.13%, were strong performers today.
Above $1B MC by performance, on chain
LINK is up 4.47%, RNDR is up 1.53% and ETH is up 1.02%.
Trading Volumes
SAVM, LINK, ONDO, TROLL AND RLB dominated on-chain volumes. SAVM had $143M in DEX volume over the past 24 hours.
TVL
TVL Above $10M
Over the past day:
Maple, RWA lending, TVL grew by 231%
Morpho Blue, a lending protocol on Ethereum, TVL grew by 127%
Shoebill Finance v2, a LST lending protocol, TVL grew by 29.77%
Fees
Convex Finance fees earned are up 926% and Raydium fees earned are up 22.59%.
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