Is the airdrop season coming soon? Learn about Aptos' recent developments and investment opportunities in one article
Recently, with the influence of macro data and government agencies selling coins, the crypto market seems to be very turbulent, but the more in such a period, the more we need to calm down and find good targets and continue to pay attention. Although memes are dominant in this cycle, there are also many outstanding projects in tracks such as DeFi and games. Aerodrome Finance, the largest DEX in the Base ecosystem, and Notcoin in the Ton ecosystem are both excellent cases.
After Notcoin went online and became popular, Tap-to-Earn imitation disks appeared in many ecosystems, but few have truly achieved significant results. Tapos, a game from the Aptos ecosystem, is one of the leaders. According to data from on-chain analysis agency Artemis, on May 25, Aptos’ single-day transaction volume reached 115.4 million, surpassing Solana’s 31.7 million transactions, setting a new record for L1 public chain’s single-day transaction volume, and surpassing Sui’s previous record. record increased by more than 50%.
Forbes: Why are Argentines embracing cryptocurrency?
Why Inflation Battered Argentinians Are Turning to Crypto Original author: Javier Paz, Forbes Original translation: Luffy, Foreisght News In recent years, Argentina has been labeled as inflationary, just like their world-famous roast beef. In the past 12 months, the country's cumulative inflation rate has reached 276%. In fact, a typical manifestation of Argentina's soaring inflation rate is that residents' eating habits are changing, and their demand for beef is declining, and they are choosing cheaper proteins such as pork and chicken. Some observers believe that the price of beef in Argentina will increase by 600% this year, and steak is no longer a daily staple for Argentines.
Written by Average Joe’s Crypto, Messari Researcher Compiled by Coolman, Foresight News
Core Viewpoint
Particle Network is developing a modular Layer1 blockchain that achieves chain abstraction by aggregating all users’ on-chain addresses and balances to generate universal accounts.
Through its L1 blockchain, Particle Network implements three core features: Universal Accounts, Universal Liquidity, and Universal Gas. Each feature supports unique use cases by eliminating manual multi-chain interactions from the user experience.
Particle Network also implements dual staking through Babylon to bootstrap cryptoeconomic security, while using aggregated data availability to eliminate single points of failure for network data availability.
Solana launches ZK Compression, has the Ethereum community been "broken"?
Solana and the Ethereum community are arguing again, this time over Solana’s newly launched ZK Compression technology.
Yesterday, Mert Mumtaz, CEO of Solana ecosystem development platform Helius, announced on X platform that ZK Compression is being introduced to Solana, and then Solana ecosystem privacy project Light Protocol announced the launch of ZK Compression. According to Mert, ZK Compression will be performed directly on L1 without L2, which will greatly improve the scalability of the Solana network, "and take a step towards building a financial computer - an unstoppable, global, atomic state machine synchronized at the speed of light."
Decrypting Airdrops: How Do FDV and Token Economics Affect Token Prices?
Original title: Floating On Thin Air Original article by: Victor Ramirez, Matías Andrade, Tanay Ved Original translation: Lynn, MarsBit
Key Takeaways
FDV launches varied in recent years: 2020 median $140M (DeFi protocols), soaring to $1.4B in 2021 (NFTs, games), falling in 2022 ($800M for L2). Rebound in 2023 and 2024 ($2.4B and $1B), featuring alt L1 and Solana projects.
FDV ignores short-term market shocks; therefore, circulation (public supply) is important. High FDV, low circulation tokens like World Coin ($800 million vs. $34 billion FDV) may distort true valuations.
LayerZero launches "airdrop tax", huge profits eventually go inward
Original title: "Pay money to get ZRO, this airdrop has a new Pay to Earn feature" Original source: TechFlow
Good news, ZRO airdrop is now available.
Bad news, you have to pay to receive it.
Previously, the market questioned the small amount of LayerZero's airdrop. Everyone said that they had worked hard for a long time but the amount seemed not enough; a feeling of "insulting airdrop" arose spontaneously.
And this insult seemed to come twice.
On the evening of June 20, LayerZero officially announced that the ZRO airdrop is now available, but it is not free:
Users must donate $0.10 in USDC, USDT, or native ETH for each ZRO to claim ZRO tokens.
Don't speculate in cryptocurrencies, only do business in the crypto circle, the business experience of post-95s
Written by: Jaleel, BlockBeats Editor: Zhang Wen, BlockBeats
In 2020, due to the money-making effect of new stocks of star companies such as Nongfu Spring, Smoore, and Kuaishou, Hong Kong stocks were once popular and became a hot spot pursued by many investors. Although the Hong Kong Stock Exchange requires KYC, its regulatory approach of turning a blind eye has given investors the opportunity to exploit loopholes.
During that period, many investors known as "hundred-household marquises" appeared in the Hong Kong stock IPO market. They opened multiple brokerage accounts to increase their chances of winning the IPO, and some even had hundreds of accounts. It was not a problem for a family, relatives and friends to open thousands of accounts together, increasing the chances of winning the IPO.
1 NFT can be exchanged for 500 "diamonds", how much is Magic Eden diamond worth?
How much is Magic Eden diamond worth? What are the precautions for purchasing Magic Ticket and what is Lucky Buy?
Official valuation - 0.26U Today, ME officially announced that the Tickets series NFTs have been integrated into the reward plan, that is, 1 NFT can be exchanged for 500 "diamond" points. When the news was announced, the floor price of Tickets was about 1 SOL (132U), which is equivalent to one diamond = 0.26U.
OTC valuation - 0.126U After the exchange news was issued, the floor price of Magic Tickets plummeted, with the lowest transaction of 0.32SOL and the current price of 0.47 SOL. In other words, the market's valuation low is 0.084U, and after the rebound, it is 0.126U. This price is basically the same as the OTC in the Chinese area.
Compared with#blur- 0.28U
@blur_io is valued at $1 billion, with a total of 3 billion tokens, 360 million in the first Airdrop, and is listed at 0.8U. ME is valued at 1.6 billion, and the diamonds currently released are less than 1 billion. Assuming that the airdrop mode and the listing price of the two are the same, the price of diamonds will be 0.28U.
Let's talk about the Magic Ticket issue Is it worth buying to Burn bricks and stones? As mentioned above, this model is basically the same as OTC, but you can also get official interactive rewards. It should be noted that Magic Ticket belongs to the Lucky Buy series.
Lucky Buy explanation Simple explanation: a form of buying lottery tickets to buy NFTs. If you win, you can win a small prize for a big one. If you don't win, you won't return it (you will be rewarded with diamonds).
· Mark: The icon with a lucky clover is Lucky Buy · Purchase ratio: 1% starts, the official will set the minimum ratio · Winning probability: The more you invest, the greater the chance of winning · Tax: 5%, borne by the seller and the platform, actually added to the order price Can you give a very small ratio and get diamonds?
It won't work. If the NFT floor price is too low, the official will increase the bidding ratio, such as asking you to pay at least 20%. If you can't win the prize, the diamond reward you give can't cover the cost.
From the comparison of valuation, financing scale and product experience, I think ME diamonds are underestimated, but the overall environment of the NFT market is very poor. Once the target for brushing points is not selected well, it is the most painful to encounter the studio to remove the stool. Everyone must pay attention to this.
LayerZero airdrop causes another stir. Is the existing token distribution model going to be eliminated?
The witch cleansing campaign that lasted for more than a month has finally ended. The LayerZero Foundation announced today on X that it has launched an airdrop qualification query page, but the result can still be described as "stingy."
As one of the most anticipated potential airdrop projects in the community, LayerZero's airdrop was expected to be "something big is really coming". However, as the witch cleansing activities progressed, a large number of studios and even retail accounts were reported as witch accounts, and all the hard work for half a year was ultimately wiped out.
Related reading: "LayerZero is about to issue a coin. What will come before the airdrop is the largest "witch cleansing activity" in history? "
Espresso raises $60 million to achieve L2 expansion through shared sorting
Original author: Yinan
Project Introduction
Introduction:
Espresso Systems started out wanting to build a highly scalable, privacy-focused decentralized L1 protocol, but later found that not so many L1s were needed, so it will realize its mission by building for the Ethereum ecosystem. Two separate efforts are being taken to achieve this vision, solving privacy and performance problems respectively.
To provide better privacy options, Espresso developed CAPE application, which is Espresso's smart contract system that can achieve custom configuration of transaction-level privacy. CAPE can be deployed on any EVM chain.
ENA token economics update, what changes have occurred?
Original title: Update to $ENA Tokenomics Source: Ethena Labs Original translation: Tao Zhu, Golden Finance
Today marks an important step in aligning USDe’s growth and usage more closely with $ENA. Ethena will begin to gradually introduce more utility features for $ENA in the Ethena ecosystem, starting with the launch of universal staking functionality for $ENA.
Table of contents
i) Current use cases of $ENA in the Ethena ecosystem;
ii) Introducing universal re-staking for $ENA and $USDe;
iii) Potential rewards from the $ENA re-staking pool in Symbiotic;
iv) Starting in Season 1, lockup requirements for users with unvested ENA will be implemented, immediately reducing future $ENA inflation.
Glassnode: Market volatility is high, but average BTC investors remain profitable
Original title: Establishing Equilibrium Original author: UkuriaOC, CryptoVizArt, Glassnode Original translation: Tao Zhu, Golden Finance
Summary:
Despite chaotic price action, investor profitability remains strong, with the average unrealized profit per coin being around 120%.
The demand side is sufficient to absorb sell-side pressure and HODLer withdrawals, but not sufficient to fuel further upward growth.
Spot and carry trading continues, especially with an increase in institutional traders, which temporarily strengthens expectations of range-bound trading.
dYdX Chain Software v5.0.0 Upgrade, Support Raydium Market, Independent Margin and Independent Market
Source: dYdX Foundation
On June 3, 2024, the dYdX community voted to upgrade the protocol to dYdX Chain software v5.0.0. The upgrade was successfully completed on June 6, 2024.
We are excited to announce the highlights of the dYdX chain software v5.0.0, including independent markets and margin, Slinky price oracles powered by Skip, batch order cancellation functionality, the initial release of liquidity vaults, risk and security improvements, and performance enhancements.
For more information click here.
It is worth noting that dYdX Chain Software v5.0.0 adds several new features:
Coinbase Mid-Year Review: 10 Charts to Analyze Crypto Market Fundamentals and Technical Trends
Original title: Midyear Review: Crypto Markets in 10 Charts Original author: David Han, Institutional Research Analyst, Coinbase Original translation: Kate, MarsBit
In our mid-year review, we present 10 charts covering some of the key crypto market fundamentals and technical trends.
Key Takeaways
•We normalize the growth of total value locked (TVL) by the price appreciation of the native gas token on the top Layer 1 (L1) and Layer 2 (L2) networks.
•We isolate the impact of CME futures underlying trading on ETF flows, showing that the growth of unhedged exposure to BTC ETFs has slowed significantly since early April.
Reviewing the development history of Web3 data access
Original title: The Development of Web3 Data Access Original author: Geng Kai, DFG The importance of data in blockchain
Data is key to blockchain technology and is fundamental to the development of decentralized applications (dApps). While much of the current discussion revolves around data availability (DA) — ensuring that every network participant has access to recent transaction data for verification — there is an equally important aspect that is often overlooked: data accessibility.
DA solutions have become indispensable in the era of modular blockchains. These solutions ensure that transaction data is available to all participants, enabling real-time verification and maintaining the integrity of the network. However, the DA layer functions more like a billboard than a database. This means that data is not stored indefinitely; it is deleted over time, just as posters on a billboard are eventually replaced with new ones.
Arweave founder talks with NEAR co-founder: Exploring the integration of AI and blockchain
Translator's note: On June 14, the AO Foundation officially launched the token economics of the decentralized supercomputer AO. Just two days ago, on the evening of June 12, the decentralized hackathon platform BeWater invited Sam Williams, founder of Arweave and AO, and Illia Polosukhin, co-founder of NEAR Protocol, to have an in-depth conversation on the integration of AI and blockchain. Sam elaborated on the underlying architecture of AO, which is based on the Actor-oriented paradigm and decentralized Erlang model, and aims to create a decentralized computing network that can be infinitely expanded and supports heterogeneous process interactions. Sam also looked forward to the potential application of AO in DeFi scenarios. By introducing trusted AI strategies, AO is expected to achieve true "agent finance". Illia shared the latest progress of NEAR Protocol in scalability and AI integration, including the introduction of chain abstraction and chain signature functions, as well as peer-to-peer payment and AI reasoning routers under development. In addition, the two guests also expressed their views on the current priorities and research focuses in their respective ecosystems, as well as the innovative projects they are optimistic about.
Covering more than 140 countries and owning more than 270,000 nodes, why Roam is firmly at the top of the DeWi track
Source: Roam Roam is the only Web3 project among the 11 enterprise alliances in the WBA OpenRoaming plan. With its unique token incentive scheme and socialized growth system, the Roam ecosystem currently has more than 280,000 users, more than 270,000 nodes, and covers more than 140 countries. Roam has now surpassed Helium 5G in terms of node scale and has secured its position at the top of the DeWi track. The WBA also has high hopes for Roam and expects it to contribute 20% to the overall OpenRoaming network node growth in the next few years.
Selling sentiment shrouds the market, and a rebound may have to wait until after the FOMC meeting
Original title: "Selling sentiment shrouds the market, will the rebound have to wait until after the FOMC meeting?" Original author: Mary Liu, BitpushNews
On the day before the release of the Federal Reserve FOMC and CPI reports, the crypto market continued to be under downward pressure.
According to Bitpush data, Bitcoin lost the support level of $69,500 on Tuesday morning, and fell 5% to the support level near $66,000. It rebounded slightly in the afternoon and climbed back above $67,400 at the close of the U.S. stock market. As of press time, the trading price of Bitcoin is $67,387, down 3% in 24 hours.