DeFi & L1L2 Weekly - 🎉 Crypto.com Reaches 100M Users, BlackRock’s BUIDL Becomes Largest Tokenised Treasury Fund
DeFi & L1L2 Weekly - 🎉 Crypto.com Reaches 100M Users, BlackRock’s BUIDL Becomes Largest Tokenised Treasury FundCrypto.com hits new milestone with 100 million global users. BlackRock’s BUIDL is now the largest tokenised treasury fund. Ethereum devs propose EIP-7702 to enhance externally owned accounts.Weekly DeFi IndexThis week's market capitalisation was positive at +9.54%, while volume and volatility indices were negative at -3.85% and -12.63% respectively. Chart of the WeekBlackRock's BUIDL fund is now the largest tokenised treasury fund, surpassing Franklin Templeton's FOBXX fund (BENJI) weeks following its launch. As of 7 May, the fund has over US$382 million in deposits (exceeding BENJI’s $368 million). BUIDL has grown 36.38% MoM, while BENJI has only shown a 1.26% growth during the same period. This comes following increased inflows in BUIDL earlier this month, including $50 million from real-world asset (RWA) tokenisation firm Ondo Finance’s OUSG token. We covered RWA tokenisation, tokenised treasuries, and BUIDL in our latest research report Tokenisation of RWAs & Yield-Bearing Stablecoins. News Highlights
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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 - 💧Ethereum Liquid Restaking Drives DeFi TVL to 2-Year Highs
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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. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly - 💱 Ondo Finance Successfully Tests Near-Instant Conversion Between USDC and BUIDL
Wednesday, April 17, 2024
Ondo Finance tests instant conversion between BlackRock's BUIDL and USDC. Ethereum's Pectra upgrade to introduce smart contract functionality to wallets. EigenLayer removes staking caps on LSTs
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Ethena increases staking rewards by 50%, boosts USDe with Bitcoin; ENA jumps 19%. EigenLayer launches on Ethereum mainnet. Lido market share dips below 30% amid centralisation concerns. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 🪙 Fetch.ai, SingularityNET, Ocean Protocol to Merge Into ‘Artificial Superintelligence’ Toke…
Wednesday, April 3, 2024
Fetch.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.
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