Daily Notes 31-10-2023
Developments
Celestia has gone live on mainnet beta. The TIA token is also available to trade on a range of Tier 1 exchanges. Additionally, Binance listed $TIA perpetual contracts today.
The price of TIA is currently $2.36. The token has done $200 million in volume. Only 14% of the total supply is in circulation.
Backpack To Launch An Exchange
Backpack, a crypto wallet, will be launching an exchange after successfully acquiring a VASP licence from Dubai Virtual Assets Regulatory Authority. The beta will start next month and then be available to the public in Q1 of 2024.
Circle Close Retail Offramp / Onramp Accounts
Circle will stop supporting customer (retail / individuals) minting of their stablecoins USDC & EURC. Businesses and Institutional clients will remain unaffected.Â
Hyperliquid, a perpetual DEX, has announced a points program which will begin from November 1st at 00:00 UTC. 1 million points will be distributed to users over 6 months every Thursday from the 9th of Nov. There will also be a referral bonus points program where affiliates will earn 1 point for every 4 their referred user earns.
A separate snapshot for a separate points drop was taken on October 31st at 00:00 UTC for closed alpha users.
Trending Assets
Below $100M MC by performance, on chain
JOE, up 20.52%, GF, up 15.83%, and CYBER, up 14.32%, outperformed today.
Above $100M MC by performance, on chain
SUSHI is up 15.44% today. WLD also did well, and is up 5.28%.
Above $1B MC by performance, on chain
ATOM is the top performer for large caps, up 4.73%.
Trading Volumes
Onchain trading volumes are slightly lower compared to last week. ARB and LINK continue to attract most volume.
TVL
TVL Above $10M
Over the past day:
Hashnote, multichain RWA, TVL grew by 373.51%.
Canto Lending, lending on Canto, TVL grew by 80.93%.
Tonstakers, liquid staking on TON, TVL grew by 19.41%.
Fees
Curve fees earned are up 100.73%. GMX fees earned are up 92.39%.
Governance Proposals
Articles / Threads
How to Participate in the Vertex LBA
The Vertex Liquidity Bootstrapping Auction will occur from November 13th to November 19th. Participants can supply the their pre-claimed VRTX token and USDC.e stablecoin liquidity to a combined VRTX-USDC.e pool.
Level 2.0: The Next Frontier in Decentralized Trading
Level will be moving towards Level 2.0, an orderbook DEX.
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