DeFi & L1L2 Weekly - 🚀 Cronos zkEVM Passage campaign was launched; PYUSD surpassed US$500 millon market cap
DeFi & L1L2 Weekly - 🚀 Cronos zkEVM Passage campaign was launched; PYUSD surpassed US$500 millon market capCronos launches Cronos zkEVM Passage to reward users for bridging assets to Cronos zkEVM. PayPal’s PYUSD surpasses US$500 million market cap. ZKsync unveils Elastic Chain, which Cronos zkEVM joins.Weekly DeFi IndexThe market capitalisation index was negative at –11.75%, while the volume and volatility indices were positive at +32.67% and +58.04% respectively.
Chart of the WeekPayPal's U.S. dollar-pegged stablecoin, PYUSD, surpassed a US$500 million market cap following its expansion to the Solana network in May 2024. PYUSD's total market supply has more than doubled since its launch in August 2023, reaching over 533 million tokens as of 9 July 2024. In the past month alone, PYUSD's supply has increased by 84%, rising from 272 million to around 500 million tokens. This growth has been driven by PYUSD's integration with the Solana blockchain, where it now accounts for 25.2% of the total supply ($134.5 million). The remaining 399 million PYUSD tokens are on the Ethereum network. PYUSD's adoption by exchanges like Crypto.com and integration into DeFi protocols like Curve and Frax have also contributed to its rapid growth. News Highlights
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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! Thanks for reading Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming! Subscribe for free to receive new posts and support my work. Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming is free today. But if you enjoyed this post, you can tell Crypto Trends from Crypto.com: Market, DeFi, NFT, Gaming that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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💸 US spot Bitcoin ETFs recorded the highest net inflow in a single month on 5 July; Fidelity and Sygnum partner w…
Monday, July 8, 2024
US spot Bitcoin ETFs recorded the highest net inflow in a single month on 5 July; Fidelity and Sygnum partner with Chainlink to bring NAV data on-chain; Mt Gox began repayment in BTC and BCH on 5 July
NFT & Blockchain Gaming Weekly - 📊 Pudgy Penguins Floor Price Surpasses BAYC
Friday, July 5, 2024
Pudgy Penguins floor price up 25% weekly, surpasses BAYC. Notcoin launches Telegram Gaming Accelerator. Telegram games: Catizen airdrop & Pixelverse PIXFI launch. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🚀 Cronos launched the Cronos zkEVM Pioneer Program; Solana's liquid staking ecosystem saw notable growth
Wednesday, July 3, 2024
Cronos 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. ͏ ͏ ͏ ͏ ͏ ͏ ͏
📉 Bitcoin monthly active addresses dropped to lowest point since 2019; VanEck and 21Shares filed for Solana ETFs …
Tuesday, July 2, 2024
Bitcoin monthly active addresses dropped to lowest point since 2019; US SEC requested S-1 resubmissions of US Spot Ethereum ETFs by 8 July; VanEck and 21Shares filed for Solana ETFs with the US ͏ ͏ ͏ ͏
NFT & Blockchain Gaming Weekly - 📉 NFT Market dips 45% in Q2; Bitcoin-Based NFTs Hit New Milestones
Friday, June 28, 2024
NFT market dips 45%; Solana and Bitcoin-based NFTs hit new milestones. Notcoin burns US$3M of NOT tokens and distributes US$5M of NOT. Animoca Brands is considering an IPO. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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