DeFi Data
1. Total market value of DeFi tokens: $43.549 billion
DeFi total market value and top ten tokens Data source: coingecko
2. The transaction volume of decentralized exchanges in the past 24 hours was US$3.382 billion
The transaction volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $37.218 billion
Data source: defillama
NFT Data
1. NFT total market value: $14.034 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
2. 24-hour NFT trading volume: $994 million
24-hour NFT trading volume, top ten projects in terms of trading volume Data source: Coinmarketcap
3. Top NFTs in 24 hours
Top 10 NFTs sold in 24 hours Data source: NFTGO
Headlines
Uniswap will charge 0.15% for token swaps such as ETH and USDC
Golden Finance reported that Uniswap Lab announced that Uniswap will start charging a 0.15% fee for certain token swaps on its web interface and wallets on October 17. The affected tokens include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC and XSGD. Stablecoin swaps, transactions between Ethereum and wrapped Ethereum are not affected. Hayden Adams, founder of Uniswap, said on X platform (original Twitter): "This is separate from the Uniswap protocol fee conversion, which is determined by the UNI token governance vote... This interaction fee is one of the lowest in the industry, which will enable us to continue to research, develop, build, transmit, improve and expand cryptocurrencies and DeFi."
NFT/Digital Collection Hotspot
1. Hong Kong Hang Seng Bank: launched the NFT wallet "HS3" at the beginning of this year
Golden Finance reported that Hong Kong financial giant Hang Seng Bank said it would actively pay attention to the development of Web 3.0 and the virtual asset market to explore financial innovation. Hang Seng said that it had landed on MetaGreen in the virtual world The Sandbox earlier this year and opened a Hang Seng Bank Metaverse branch. In addition, Hang Seng Bank also revealed that it had launched the first NFT wallet "HS3" for customers in Hong Kong's retail banking industry at the beginning of this year.
2. Judge skeptical of Ryder Ripps' appeal against BAYC
Golden Finance reported that NFT artist Ryder Ripps recently tried to dismiss the lawsuit against him related to the Bored Ape Yacht Club, but seemed to be met with suspicion. At a hearing on October 17, three judges of the U.S. Court of Appeal for the Ninth District seemed dissatisfied with the arguments of lawyers representing Ripps and Jeremy Cahen (alias "Pauly" on X), who argued that the case should be dismissed on the grounds of freedom of speech. Thomas Sprankling, a lawyer for Ripps and Cahan and a partner at WilmerHale, argued that the sales and distribution of the knockoff Bored Ape NFTs were intended to protest the alleged anti-Semitic images hidden in the series created by Yuga Labs. He repeatedly positioned Ripps and Cahan as selling NFTs as an avant-garde act that broke the boundaries of speech, and claimed that Yuga's lawsuit should be dismissed under California law designed to stop intimidating lawsuits (i.e., SLAPP lawsuits).
3. NFT Gas fees currently only account for 8% of Ethereum fees
Golden Finance reported that according to data from IntoTheBlock, NFTs were the main driver of Ethereum fee growth in 2021. Now they only account for 8%. Although gas fees have dropped to their lowest point since September 2020, making NFT transactions/minting cheaper, user interest does not seem to have changed.
DeFi Hotspot
1. Coinbase announces Germany will become its regional talent center
On October 17, Coinbase announced that Germany will become its regional talent center and is seeking to expand its product and service range throughout Europe. In the next two weeks, Coinbase will launch a series of operational and personnel announcements in major markets in Europe, including Ireland, Benelux and Northern Europe, Spain and Italy. Coinbase said that in 2021, Coinbase obtained the BaFin cryptocurrency license, and since then, its German office has continued to grow, and the number of employees has more than doubled in the past 12 months.
2. dYdX will be converted into a public benefit company and will not operate or generate transaction fee income from dYdX V4
On October 17, Antonio, founder of dYdX, announced that dYdX Trading Inc. has officially updated its charter to become a public benefit corporation. Antonio said that as an open source software developer, we will not operate or generate transaction fee income from dYdX V4, and we attach great importance to being as consistent as possible with the community. As a public benefit company, we will still be a for-profit company, but this enables me and the board of directors to not only maximize shareholder value, but also act in the public interest.
3. Microsoft veteran Tziokas joins zkSync developer Matter Labs
Golden Finance reports that Microsoft veteran Vassilis Tziokas has joined zkSync developer Matter Labs as head of enterprise business development. Tziokas worked at Microsoft for nearly eight years, most recently as global head of Web3 and AI business development and strategy at Matter Labs. He said he hopes to use this experience to unlock the "holy grail" of Web3 and attract enterprise adoption of the field through zkSync's Ethereum Layer 2 scaling solution. Tziokas's move is motivated by a firm belief in the upcoming wave of innovation, adoption, and enterprise solutions built using blockchain technology.
4. Bank of Canada: Although DeFi brings a lot of innovation to the financial sector, regulatory challenges and vulnerabilities limit potential applications
Golden Finance reported that the Bank of Canada published a working note on decentralized finance (DeFi), assessing the innovations that make it popular and the challenges and risks associated with its use. The staff note describes DeFi as a multi-layered structure, with the Ethereum blockchain as the bottom layer (or settlement layer). Developers build various tools and services on top of the main blockchain, including tokenization, lending services, and more. The Bank of Canada's report highlights three key areas where DeFi can change the financial system: frictionless financial services, openness, and transparency. In addition to the key DeFi innovations that can change the traditional financial system, the report also talks about the challenges and risks associated with the DeFi ecosystem, claiming that "despite innovations and possibilities, the overall economic benefits of DeFi remain limited. In addition, the report lists three key challenges facing the DeFi ecosystem today: lack of real-world tokenization, high concentration of internal interconnections, and reliance on an unregulated centralized financial ecosystem. The staff report points out that although the DeFi ecosystem has brought a lot of innovation to the financial sector, regulatory challenges and vulnerabilities limit its potential application in traditional finance.
5. Liquidity staking protocol Aftermath launches afSU on Sui mainnet
On October 17, Sui liquidity pledge protocol AftermathFinance officially launched afSUI on the Sui mainnet. Users can pledge SUI to obtain afSUI, which aims to provide higher capital efficiency for pledged SUI. afSUI will be integrated into the entire Sui DeFi ecosystem, with initial use cases covering protocols such as Bucket Protocol and Turbos Finance.
Game Hotspot
1. Online gaming platform Roblox supports XRP as a payment method
Golden Finance reported that Roblox, an online gaming platform with more than 200 million monthly active users, now accepts XRP as a payment method. BitPay will serve as a partner and be responsible for seamless connection with crypto wallets.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.