DeFi & L1L2 Weekly - 📈 EigenLayer Withdrawal Queue Rises Amid EIGEN Airdrop Controversy
DeFi & L1L2 Weekly - 📈 EigenLayer Withdrawal Queue Rises Amid EIGEN Airdrop ControversyEigenLayer 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.
Weekly DeFi IndexThis week's market capitalisation and volume indices were negative at -12.63% and -6.45% respectively, while the volatility index was positive at +15.37%. Chart of the WeekEigenLayer, the largest Ethereum restaking protocol, has received over 12,412 withdrawal requests since it released its EIGEN token whitepaper on 29 April. This withdrawal count represents around 11.6% of the 107,000 total unique depositors in the protocol. This is expected to reduce EigenLayer’s TVL from US$14.8 billion down to US$13 billion. The exodus follows the community’s disappointment surrounding EigenLayer’s planned EIGEN airdrop, which imposed geo-restrictions on key jurisdictions such as the US, Canada, and several African and Asian countries. Furthermore, others have also voiced out concerns regarding its non-transferable token structure and an apparently short snapshot period. The full effects of the mass withdrawal will only be more apparent in the coming weeks once these withdrawals have been processed.
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Crypto Market Pulse Weekly – ₿ Bitcoin Hits Record Daily Number of Transactions
Monday, April 29, 2024
$BTC hits record daily number of transactions. Spot $BTC and $ETH ETFs to start trading in Hong Kong on 30 April. Franklin Templeton listed its Spot Ether ETF on US DTCC. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 📈 Runes Dominated BTC Transactions Post-Halving
Friday, April 26, 2024
Runes Dominated BTC Transactions Post-Halving. Telegram to tokenise stickers & emojis as NFTs. ApeCoin price drops 66% amid BAYC decline. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💧Ethereum Liquid Restaking Drives DeFi TVL to 2-Year Highs
Wednesday, April 24, 2024
Ethereum liquid restaking drives DeFi TVL to 2-year highs. Cronos unveils Spring Odyssey campaign powered by Galxe. Runes launch fueled Bitcoin miners' earnings to surge. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Crypto Market Pulse Weekly - ₿ Bitcoin Halving Sparks Frenzy as Runes Protocol Launches
Monday, April 22, 2024
Bitcoin completed the fourth halving on 20 April. Runes protocol launched on Bitcoin causing record fees. $7.5bn. SingularityNet, Fetch.ai, and Ocean Protocol AI merger approved. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 📉 BAYC NFT Floor Price Hits 2.5-Year Low; Dark Lions Are Coming to Mane City
Friday, April 19, 2024
Bored Ape Yacht Club NFT floor price hits 2.5-year low. STEPN partners with Adidas to launch a limited-edition sneakers NFT collection. MetaMask enables eligibility checking of NFT airdrops. ͏ ͏ ͏ ͏ ͏
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