DeFi & L1L2 Weekly - 💱 EigenLayer’s EIGEN token debuts trading; Ethena proposes native DEX and new stablecoin USTB
DeFi & L1L2 Weekly - 💱 EigenLayer’s EIGEN token debuts trading; Ethena proposes native DEX and new stablecoin USTBEigenLayer’s EIGEN token debuts trading. Ethena proposes native DEX and new stablecoin UStb. Incept launches the INCEPT token, built on the innovative ERC-4D standard.Weekly DeFi IndexThe market capitalisation and volatility indices were negative at -2.06% and -35.58%, respectively, while the volume index grew by +7.76%.
Chart of the WeekEigenLayer removed transfer restrictions on its EIGEN token, leading to increased token movement. EIGEN’s total supply was 1,673,646,668 at launch. The circulating supply is approximately 200 million EIGEN (11.95%), with 6.75% from Stakedrop 1 and 5.2% from Stakedrop 2. However, only 85.4% and 21.7% of tokens were claimed from each stakedrop, respectively, resulting in a total circulating supply of about 114 million EIGEN. Additionally, 73 million EIGEN has been restaked, leading to an actual float of 40.43 million EIGEN. At pre-market prices of around US$3.84 on the decentralised exchange, Hyperliquid, this equates to a market value of $155 million, and a fully diluted valuation (FDV) of $6.42 billion. A float of 2.42% suggests potential volatility during price discovery. 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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Monday, September 30, 2024
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Thursday, September 19, 2024
Ethereum on-chain stablecoin volume reaches all-time high. USDC launches on Sui blockchain and is available in Brazil and Mexico. Sky launches new tokens SKY and USDS. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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