market
- Layer 2 Layer2 of the week: Amid the market downturn, Startnet and Base bucked the trend and achieved positive 7-day TVL growth — Base surged 65%. The TVL increases of protocols such as Clipper, Fuji Finance, Baso Finance, zk-Swap, and SithSwap were also impressive.
- LSD This week in the Liquid Staking Derivatives (LSD) space: ETH staked reached 20%. Market share remained stable - Lido continued to dominate, while Frax LSD rose slightly.
- RWA RWA outperformed this week: $DETF and $SMT rose, $RIO and $TRU lagged. Active loans were $555.9 million and tokenized Treasuries were $641.5 million, both down in the market decline.
Potential Protocol Selection
- Aerodrome will be launched on the Layer 2 network of Base. Drawing on the successful ve(3,3) optimistic model of Velodrome, Aerodrome aims to bring liquidity and long-term token holding incentives to Base. Stay tuned for official release details.
Base’s strong 7-day TVL growth and $BALD’s resilience after the rug pull indicate the potential of the upcoming DEX. Aerodrome could benefit from the attention on the Layer 2 market as Base prepares for the Cancun upgrade.
Aerodrome is about to launch on Base’s L2 network, aiming to replicate the success of Velodrome using the ve(3,3) model. With Base’s 7-day TVL growing by 86% and focusing on Layer 2, Aerodrome could be a game changer for bootstrapping liquidity.
Top coins that smart money accumulated the most in the past week:
$WLD (assigned to Alameda)
$SHIB（Jump Trading）
$LINK（Jump Trading + Spartan Group）
$SAND (allocated to skyline capital + projects)
$BLUR（Wintermute Trading） ）
Popular Tokens
-$CYBER token sell-off
Just a few hours ago, the project’s wallet address transferred 133,333 tokens to the Binance exchange via an intermediary wallet => the equivalent of 586.67K USD.
Additionally, 133,333 tokens were also sent to Binance via WintermuteOTC in 2 transactions (66,666 tokens each)
-ZBC is said to have good news in the coming week, I don’t know if it’s true or not
ZBC has been very popular these days. I checked the information and found that it is in the payment track. It belongs to the sol ecosystem and has many T1-level capital investments including Coinbase Venutre, Solona Venture, Distrubted Global, and Circle Vent. The current TVL has reached 300 million US dollars, and the new chain Naut Chain has just been issued. The Naut Chain test network has more than 178 project deployments, more than 40 million test network data, and more than 400,000 independent wallets. The main network has also been officially launched. There is also a destruction repurchase mechanism. The repurchase funds mainly come from the profits of the ecosystem. The foundation will regularly take out 25% of the income to repurchase and destroy ZBC tokens.
In the previous testnet stage, more than hundreds of thousands of addresses on Nautilus generated tens of millions of on-chain transactions. In addition, the Zebec Foundation repurchased $ZBC. It has rebounded since August 8, even ignoring the overall market waterfall on August 18. It can be listed as a long-term currency to hold or observe.
-BASE chain magical project JB
With the support of Coinbase, BASE chain has become the fourth largest L2 in just two weeks since the launch of the mainnet, second only to ARB, OP, and zkSync. The current TVL exceeds 200 million US dollars. Wherever the money flows, that's where we should go!
The magical project JB on the Base chain, the project owner said, don’t buy it, it’s useless if you buy it, how can they give you JB?
Official Twitter: JBCoin_WFT
You can pay attention to it. It’s really hilarious to see the official website. https://jbcoin.wtf is now the fourth most searched on AVE. The Swap for trading: https://hitswap.finance
The Base system has great potential, and it is quite good that such a small pool can achieve this level. Take the risk yourself and see if you can wait for a callback.
-$SWEET is the token that will bounce back after hitting the bottom
The tokens pumping the most are related to gambling projects, there are legitimate teams like sweet developing good products, $SWEET launched two weeks ago and new players are joining every day. So far they have made around $60k in revenue just from gambling. Of the total revenue, 50% goes to stakers, so so far stakers have received around $30k (on average)
Check out the past charts: If it has bottomed, it will soon soar