DeFi & L1L2 Weekly – 🪙 Fetch.ai, SingularityNET, Ocean Protocol to Merge Into ‘Artificial Superintelligence’ Toke…
DeFi & L1L2 Weekly – 🪙 Fetch.ai, SingularityNET, Ocean Protocol to Merge Into ‘Artificial Superintelligence’ TokenFetch.ai, SingularityNET, and Ocean Protocol to merge into ASI token. Vitalik Buterin outlines next steps for Ethereum’s Purge. Ankr unveils Neura, a blockchain for AI startups built on Cosmos SDK.Weekly DeFi IndexThis week's market capitalisation, volume, and volatility indices were negative at -11.04%, -7.17%, and -21.79% respectively. Chart of the WeekThree decentralised AI platforms — Fetch.ai, SingularityNET, and Ocean Protocol — have agreed to merge their tokens to create the Artificial Superintelligence (ASI) token, with a total supply of around 2.63 billion tokens and a starting price of US$2.82. Fetch.ai’s native token FET will be rebranded as ASI. The native tokens of SingularityNET and Ocean Protocol will be migrated to ASI, both with a conversion rate of 0.43:1. The merger aims to establish an AI collective that provides a decentralised alternative to existing projects controlled by major tech companies, fostering transparency and collaboration in the AI space. Fetch.ai, SingularityNET, and Ocean Protocol are three of the leading decentralised AI platforms today. Collectively, they make up about 27% of the top 10 AI tokens’ market share (15%, 8%, and 4%, respectively) and are valued at approximately $5.17 billion.
News Highlights
Recent Research Reports
Recent University Articles
AuthorResearch and Insights Team DisclaimerThe information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report, nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.We’re all ears.Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Thank you for reading! We hope you find our Weekly DeFi and Layer 1 & Layer 2 News Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! Crypto.com DeFi Research is free today. But if you enjoyed this post, you can tell Crypto.com DeFi Research that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
DeFi & L1L2 Weekly – 📈 Cronos Titan Upgrade Is Live; DEX Volume Surges
Wednesday, March 27, 2024
Cronos Titan Upgrade is now live. DEX volume on all chains surges, with Solana and Avalanche emerging as top performers. BlackRock launches BUIDL tokenised asset fund on Ethereum. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 📈 Ethereum L2 Transactions Surge as Fees Drop Post Dencun
Wednesday, March 20, 2024
Transactions spike as fees drop in Ethereum L2s post Dencun. Fidelity adds staking to Ether ETF application. Arbitrum rolls out Atlas upgrade, with additional fee reductions and more. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💫 Community Gears Up For Ethereum Dencun Upgrade
Thursday, March 14, 2024
Community gears up for Ethereum Dencun upgrade. BRC-20 creator Domo addresses governance issues with UniSat partnership. Goldman Sachs, BNY Mellon, and others test Canton Network for tokenised assets.
DeFi & L1L2 Weekly - 💰Tether Launches Recovery Tool as USDT Hits $100B
Wednesday, March 6, 2024
Tether unveils recovery tool as USDT hits $100B in market cap. Blast officially launches its mainnet, TVL soars to $320B. Following Circle STARKs launch, StarkWare debuts new ZK prover Stwo. ͏ ͏ ͏
DeFi & L1L2 Weekly - 💰Ethena USDe's 27% Yield Sparks Debate
Wednesday, February 28, 2024
Crypto.com enters into a strategic partnership with BTG Pactual. Ethena USDe's promise of 27% yield following mainnet launch sparks debate. Arweave AO officially launches on public testnet. ͏ ͏
You Might Also Like
Fidelity Bitcoin ETF’s $191 million outflow surpasses Grayscale as BlackRock records first redemptions
Thursday, May 2, 2024
All spot Bitcoin ETFs recorded outflows for the first time on record with $563 million leaving funds. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 📈 EigenLayer Withdrawal Queue Rises Amid EIGEN Airdrop Controversy
Thursday, May 2, 2024
EigenLayer withdrawal queue count rises amid EIGEN airdrop controversy. Runes make up over two-thirds of Bitcoin transactions since its launch. BlackRock's BUIDL leads the tokenised fund race. ͏ ͏
DeFi & L1L2 Weekly - 📈 EigenLayer Withdrawal Queue Rises Amid EIGEN Airdrop Controversy
Thursday, May 2, 2024
EigenLayer withdrawal queue count rises amid EIGEN airdrop controversy. Runes make up over two-thirds of Bitcoin transactions since its launch. BlackRock's BUIDL leads the tokenised fund race. ͏ ͏
VC Monthly Report: The number and amount of financing in April both decreased MoM
Thursday, May 2, 2024
Author: WuBlockchain According to statistics from RootData, there were a total of 161 publicly announced investment projects in the crypto VC field in April, a decrease of 13.4% from March 2024 (186
Reminder: Bitcoin Makes History By Becoming The Scarcest Asset In The World
Thursday, May 2, 2024
We bring you the top stories in crypto every week! Stories like... Monday April 29, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Bitcoin Makes History By Becoming The Scarcest Asset In
Bitcoin falls below $57k as $13 billion in leveraged shorts placed on major exchanges
Wednesday, May 1, 2024
Major support at $50000 as Binance shows strong buy walls with large orders ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Hong Kong Cryptocurrency ETF First Day: IOP Exceeds Expectations, Low Trading Volume, Future Outlook
Wednesday, May 1, 2024
Editors | Cryptocats Harvest Global Investments and other companies submitted applications for Bitcoin spot ETFs to the Hong Kong Securities and Futures Commission as early as January 26th. On April
Increase your crosschain score
Tuesday, April 30, 2024
Axelar Quests launched on Flipside. Claim and AXL while you increase your chain score and build your reputation, helping potential airdrop eligibility Flipside Crypto gm and great news. Axelar has
Hong Kong’s Bitcoin and Ethereum ETFs launch with lower than expected trading volumes
Tuesday, April 30, 2024
Market stakeholders believe that the Hong Kong ETFs would still have a significant impact on the market, regardless. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
A Comprehensive Overview of Decentralized Communication Infrastructure: SendingNetwork
Tuesday, April 30, 2024
Author: GaryMa In the era of Web 2.0, the internet framework was primarily composed of three fundamental infrastructure modules: computation, storage, and communication. As we transition into Web 3.0,