🚀 Cronos launched the Cronos zkEVM Pioneer Program; Solana's liquid staking ecosystem saw notable growth
🚀 Cronos launched the Cronos zkEVM Pioneer Program; Solana's liquid staking ecosystem saw notable growthCronos launches the Cronos zkEVM Pioneer Program. Solana's liquid staking ecosystem sees notable growth. Circle becomes the first stablecoin issuer to comply with EU's MiCA rules.Weekly DeFi IndexAll indices fell this week. The market capitalisation, volume, and volatility indices were negative at –1.79%, -11.40%, and -44.68% respectively.
Chart of the WeekSolana's liquid staking ecosystem has seen notable growth, with the liquid staking ratio increasing from 4.89% to 6.76% quarter-over-quarter. The number of Liquid Staking Tokens (LSTs) on Solana has doubled, indicating a more diversified market landscape. The dominance of the top three liquid staking providers has fallen from 93% to 68%. Data shows that over 23 million SOL, worth over US$3.9 billion, are staked on liquid staking platforms. Solana has a higher overall staking ratio (~65%) compared to Ethereum (~27%), but the liquid staking ratio is still relatively low at 6.76%. Notably, Jupiter Exchange’s jupSOL has seen a 21% growth in market share monthly. Additionally, jupSOL was the most supplied LST with $212 million in Kamino Finance, a lending, liquidity, and leverage protocol on Solana. News Highlights
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💲 Stablecoin issuers are the 18th largest holders of US debt; AAVE is considering to join Lido Alliance
Wednesday, June 26, 2024
Stablecoin issuers are the 18th largest holders of US debt. AAVE is considering to join Lido Alliance. Blast will launch an airdrop on 26 June. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
📉 CRV dipped to all-time low; Tether announced new stablecoin aUSDT
Wednesday, June 19, 2024
$CRV dips to all-time low due to its founder's massive liquidations. Tether releases new stablecoin aUSDT backed by its XAUT. Ronin announces its zkEVM chain built on top of Polygon CDK. ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 📦 Ethereum blob usage shifted; Paxos launched a new stablecoin USDL
Thursday, June 13, 2024
Ethereum blob usage shifts with Taiko becoming one of the biggest consumers. Paxos launches a yield-bearing stablecoin USDL. ZKsync announces its airdrop plan. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 💪 The stablecoin market showed robust activity with $846 billion on-chain trading volume in …
Wednesday, June 5, 2024
The stablecoin market showed robust activity in May. Ethena Labs integrated its USDe and sUSDe into the Blast L2. Linea L2 halted block production due to a security incident from the Velocore. ͏ ͏ ͏ ͏
DeFi & L1L2 Weekly – 💸 Solana allocates 100% of priority fees to validators; Nomura explores stablecoin issuance …
Monday, June 3, 2024
Solana passes a proposal to allocate all priority fees to validators. Nomura explores stablecoin issuance in Japan. Maple Finance launches Syrup providing institutional yield. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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