Market Pulse of This Week TLDR
1. Market Overview 7:
At 6:45 UTC, the market capitalization of crypto dropped by 0.75% closing at $3.435T, down from $3.461T the previous week.
Several days of long liquidations from
$400-500M while BTC drops below
95K. Funding rates turn negative on major assets while risk appetite remains weak.
2. Narrative of the Week 2:
Hayden Adams, founder of Uniswap, proposes to flip the fee switch to generate value for the UNI token from protocol fees and sequencer fees
Unichain, along with a burn of 100M of UNI tokens.
3. Project Updates:
Monad announces a token sale through the first token sale on
Coinbase, aiming to raise $187.5M
by selling 7.5% of the token supply at a valuation of $2.5B.
4. Brief DeFi &:
Aerodrome and Velodrome announce a merger into Aero, with an upcoming deployment on Ethereum and on the
Arc blockchain of Circle.
5. Fundraising s:
The DEX platform Perpetual, Lighter, raises $68M in a new funding round led by Founders Fund and Ribbit Capital, with other investors including Robinhood and Haun Ventures.
6. Airdrop 0:
The order flow coordination layer, aPiori, opens their airdrop for withdrawals this week. Users can choose to redeem the airdrop now or at the launch of Monad's mainnet for a larger allocation.$#
1. Market Overview 7:
At 6:45 UTC, the market capitalization of crypto dropped by 0.75% closing at $3.435T, down from $3.461T the previous week.
Several days of long liquidations from
$400-500M while BTC drops below
95K. Funding rates turn negative on major assets while risk appetite remains weak.
2. Narrative of the Week 2:
Hayden Adams, founder of Uniswap, proposes to flip the fee switch to generate value for the UNI token from protocol fees and sequencer fees
Unichain, along with a burn of 100M of UNI tokens.
3. Project Updates:
Monad announces a token sale through the first token sale on
Coinbase, aiming to raise $187.5M
by selling 7.5% of the token supply at a valuation of $2.5B.
4. Brief DeFi &:
Aerodrome and Velodrome announce a merger into Aero, with an upcoming deployment on Ethereum and on the
Arc blockchain of Circle.
5. Fundraising s:
The DEX platform Perpetual, Lighter, raises $68M in a new funding round led by Founders Fund and Ribbit Capital, with other investors including Robinhood and Haun Ventures.
6. Airdrop 0:
The order flow coordination layer, aPiori, opens their airdrop for withdrawals this week. Users can choose to redeem the airdrop now or at the launch of Monad's mainnet for a larger allocation.$#