Daily Notes 21-02-2024
Developments
Circle Phases Out USDC on TRON Amidst USDT Market Dominance
Circle will be discounting USDC on TRON in phases, possibly due to USDT’s dominance over the stablecoin market on TRON.
Backpack Services Temporarily Halted Due to Unscheduled Maintenance by Cloud Provider Redis Cloud
Backpack was forced to shut down select services and stop their exchange trading service twice in the last 48 hours due to unscheduled maintenance by their cloud provider, Redis Cloud.
Backpack Exchange Launches in 11 US States
Backpack’s exchange went live in 11 US states.
AtomOne Mainnet, Led by Cosmos Founder Jae Kwon, Set to Launch on February 27th
AtomOne mainnet, a Cosmos Hub fork led by Cosmos founder Jae Kwon, is hinted to launch on February 27th.
Tron Achieves All-Time High in 24-Hour Fees Earned at $1.758 Million
Tron 24-hour fees earned reached $1.758 million, an all-time high.
Smart Layer Announces Tokenomics for Their Token, SLN
Smart Layer, the team behind ERC-5169 and TokenScript, announced the tokenomics for their token, SLN.
Animoca Brands Invests in Web3 FPS Game 'Matr1x Fire' Powered by Matr1x Platform
Animoca Brands invested an undisclosed amount in web3 FPS game ‘Matr1x Fire,’ powered by the Matr1x platform.
LayerZero Integrated into Xai, a Layer 3 Chain Focused on AAA Gaming
LayerZero integrated into Xai, a layer 3 chain focused on AAA gaming and built using the Arbitrum Orbit stack.
425 Million Starknet Tokens (STRK) Claimed to Date
425 million of 586 million Starknet tokens (STRK) have been claimed so far.
Nibiru Public Mainnet Scheduled for March Launch
Nibiru public mainnet set for March.
Bitcrunch Launches Mainnet for NFT Data Analytics Platform
Bitcrunch, an NFT data analytics platform, launched their mainnet.
Terra Founder Do Kwon Reportedly Set for Extradition to the US
Terra founder Do Kwon is reportedly set to be extradited to the US.
Greg Solano (aka Garga) Replaces Daniel Alegre as CEO of Yuga Labs
Co-founder of Yuga Labs Greg Solano (aka Garga) has replaced Daniel Alegre as CEO.
Trending Assets
Below $100M MC by performance, on chain
doginme, a Farcaster related memecoin, is up 43.24%. GEAR is up 38.46%. KIZUNA is up 16.01%.
Above $100M MC by performance, on chain
JASMY, related to Tokyo-based IoT provider Jasmy Corporation, is up 38.66% today. JASMY is up 137.46% this week. XAI had a good day, and is up 5.76%.
Above $1B MC by performance, on chain
FET, up 5.42%, and RNDR, up 0.99%, were large caps that performed well today.
Trading Volumes
USDe, eUSD, STRK, crvUSD and PANDORA dominated on-chain volumes.
TVL
TVL Above $10M
Over the past day:
Aurora Plus TVL grew by 24.72%.
Acala Euphrates, liquid staking on Polkadot, TVL grew by 10.72%.
Ajna V2, multichain permissionless borrowing and lending, TVL grew by 10.57%.
Fees
Ethereum fees earned are up 51.25%, Gamma, liquidity manager, fees are earned up 36.06% and Optimism fees earned up 23.57%.
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