Lumia (ORN) closes its Strategic funding round led by Laser Digital
Other investors in the funding round include DWF Labs and TRGC. The round was composed of a mix of LUMIA tokens and nodes from Lumia’s HyperNodes sale. Lumia (formerly Orion Protocol) is a modular hyper-liquid restake rollup L2 for Real-World Assets.
👉 x.com/BuildOnLumia/status/1824098743819419772
STATE OF THE STAKING
According to StakingRewards, the Staking Market Cap (the valuation of all projects with a staking mechanism) is currently at 344.7 Billion USD. An overview includes all staking assets, including PoS, Liquid Staking, Restaking, and DeFi Staking.
We have prepared the list of projects sorted by the USD value of the staked tokens. The list shows the Top 5: Ethereum, Solana, Lido Staked Ether, Wrapped stETH, and Cardano.
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 app.orioleinsights.io/projects
Across Protocol (ACX) to be listed on Coinbase on August 21st
Coinbase began accepting inbound transfers of ACX. Across (ACX) token trading will commence on or after August 21st, 16:00 UTC, if liquidity conditions are met. Across Protocol is a cross-chain bridge designed for fast, secure interoperability between blockchains.
👉 x.com/CoinbaseAssets/status/1825924046753575020
Status partners with Linea to launch its own Layer 2 rollup
Together, they are developing a Layer 2 that will operate alongside Linea’s zkEVM blockchain, known as the Status Network. Status’s team will also support the ongoing engineering work on Linea, focusing on diversifying client, prover support and interoperability.
👉 x.com/ethstatus/status/1825869751878337020
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.19T (-2.67%)
BTC Price: $59,420 (-2.24%)
BTC Dominance: 53.5% (-0.20%)
Fear & Greed Index: 26 (Fear)
Total Value Locked: $133B (-2.04%)
Corn received an investment from Binance Labs to simplify Bitcoin use in DeFi
Corn is an Ethereum Layer 2 network focused on establishing a decentralized finance (DeFi) hub for Bitcoin. Corn has introduced BTCN, a hybrid tokenized Bitcoin that incorporates multiple custodians, smart contracts, and bridging protocols.
👉 binance.com/en/blog/ecosystem/binance-labs-invests-in-corn-to-simplify-bitcoins-use-in-decentralized-finance
Clearpool (CPOOL) unveiled an Ozean Layer 2 based on OP Stack
Ozean is an Layer 2 blockchain for RWA yield, based on OP Stack and developed using Caldera’s rollup-as-a-service platform. Ozean revolutionizes DeFi by integrating RWAs and enabling users to earn yield on-chain alongside a new, innovative staking mechanism.
👉 theblock.co/post/312024/clearpool-develops-caldera-powered-layer-2-chain-within-optimism-ecosystem
Drift Protocol (DRIFT) released prediction market service - BET
BET service allows users to make their picks using dozens of cryptos as collateral, instead of just USDC, and earn yield on that collateral ahead of the event's outcome. Drift is primarily a perpetuals trading hub, but it has branched into many different DeFi product.
👉 coindesk.com/policy/2024/08/19/cryptos-bet-on-election-betting-expands-to-solana/
Top-15 Projects by Daily Active Addresses (DAA) growth in the last 30 days
Daily Active Addresses is the number of distinct addresses that participated in a transfer for the given asset on any given day. Each address is counted only once for the day.
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.24T (+2.45%)
BTC Price: $60,866 (+3.79%)
BTC Dominance: 53.7% (+0.30%)
Fear & Greed Index: 30 (Fear)
Total Value Locked: $136B (+1.85%)
The biggest Fundraising Rounds conducted in the last 7 days
Projects that received the most funding are Chaos Labs ($55M), a risk and security product for DeFi, Sahara Labs ($37M), a decentralized AI blockchain platform, and WSPN ($30M), a digital payment system.
Binance will support Frontier (FRONT) token swap and rebranding to Self Chain (SLF)
Starting August 27th, Binance will delist all existing FRONT spot trading pairs and open SLF pairs on August 30th, 8:00 AM UTC. FRONT token will be swapped to SLF at a 1:1 ratio. Self Chain is a modular intent-centric access L1 and keyless wallet infrastructure.
👉 binance.com/en/support/announcement/binance-will-support-the-frontier-front-token-swap-and-rebranding-to-self-chain-slf
WSPN has raised $30 million in a Seed fundraising round
The funding was co-led by Foresight & Folius Ventures followed by Hash Global, Generative Ventures, Yunqi Partners, and RedPoint China. WSPN (Worldwide Stablecoin Payment Network) is a leading provider of next-generation stablecoin infrastructure.
👉 wspn.io/news_detail.html?id=18
Top-15 Real World Assets (RWA) Coins by Market Capitalization
Real World Assets (RWA) in crypto refers to tokenizing tangible assets from the physical world and issuing digital securities on-chain for retail customers.
Xterio unveiled the XTER TGE, Points dashboard, and NFT rewards
In the coming weeks, Xterio will roll out a points dashboard with the ability to track all Xterio ecosystem points earned across events like Meet your Anima, Arena, Forge, and more. Xterio offers a free-to-play gaming platform and a GameFi-as-a-service product.
👉 x.com/XterioGames/status/1825936463923753453
Story Protocol raised $80 million in the Series B funding round led by A16z Crypto
Among other investors Polychain Capital, Stability AI's SVP and board member Scott Trowbridge, K11 founder and billionaire Adrian Cheng, and digital art collector Cozomo de' Medici. Story is a Layer 1 blockchain designed to tokenize intellectual property.
👉 theblock.co/post/312349/a16z-crypto-story-protocol-series-b-layer-1-ip-blockchain
Sorella Labs has raised $7.5M in a seed funding round
The funding round for a crypto startup was led by Paradigm with the participation of Uniswap Ventures, Bankless Ventures, Robot Ventures and Nascent. Sorella Labs is developing tools to tackle Ethereum's maximum extractable value issue.
👉 theblock.co/post/312222/paradigm-sorella-labs-ethereum-mev-problem
Dogs (DOGS) will be the 57th project on Binance Launchpool!
Users will be able to stake BNB and FDUSD tokens into separate pools to farm DOGS tokens over 3 days, with farming starting on August 23rd at 0:00 UTC. Launchpool Hard Cap is 22B DOGS (4% of supply). The initial Circ. Supply is 517B DOGS (93.95% of supply).
👉 binance.com/en/support/announcement/introducing-dogs
Top-15 tokens by Price Bounce in the last 30 days
Presenting the tokens that showed the most significant growth from their lows in the last 30 days.
Galxe (G) launches the Alpha Mainnet of its Layer 1 Gravity chain
The launch of the Alpha Mainnet will bring all of Galxe’s products – including Quest, Compass, Passport, and the Galxe Identity Protocol – on the chain. The fully operational Gravity Mainnet launch is currently set to take place in Q2 2025.
👉 theblock.co/post/311762/galxe-launches-alpha-mainnet-of-its-layer-1-gravity-chain
Soulbound raised $4 million for the Web3 social gaming ecosystem
Among participants are Animoca Brands, Big Brain Holdings, iAngels, NGC Ventures, Panony, Delta Blockchain Fund, Blocklords CEO David Johansson. Soulbound is building a social platform that shakes up the traditional community interaction model.
👉 venturebeat.com/games/soulbound-raises-4m-for-web3-social-gaming-ecosystem
Fabric Cryptography raised $33M in a Series A funding
The funding round was led by Blockchain Capital & 1kx and followed by Offchain Labs, Polygon & Matter Labs. Fabric Cryptography is developing the VPU (Verifiable Processing Unit) to capitalize on the advanced capabilities of modern cryptographic algorithms.
👉 x.com/FabricCrypto/status/1825635622645805303
Gate Ventures unveiled a $100M Falcon Gate Ventures fund
The fund, launched in partnership with Blockchain Center in Abu Dhabi, is designed to advance decentralized infrastructure and apps and accelerate the adoption. Gate Ventures is the venture capital arm of Gate exchange specializing in early-stage investments.
👉 x.com/gate_ventures/status/1825465385216311480
Crypto Events Recap, August 17-19
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-august-17-19-2024
Mirada AI (MIRX) joined the IBM for Startups acceleration program
Mirada AI will access technical support and guidance from industry leaders, advisory and consulting meetings, free cloud computing credits, and more. Mirada AI is a decentralized AI tool offering image generation, face-swap, LLM chat, and image upscaling.
👉 x.com/miradaai/status/1825472660492398685
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 app.orioleinsights.io/projects
Holonym has closed a $5.5M Seed fundraising round
The funding was led by Finality Capital and Paper Ventures with the participation of Draper Dragon, Arrington Capital, Lightshift, and Selini Capital among others. Holonym is introducing Human Keys, a novel approach to private key management.
👉 x.com/0xHolonym/status/1824890631237652486
KIP Protocol has closed a $5M Private fundraising round
The funding was co-led by Animoca and Tribe Capital followed by Morningstar VC, DWF Ventures, Kyros Ventures, K300 Ventures, and ZBS Capital among others. KIP Protocol is the Web3 base layer for AI, backed by Animoca Ventures.
👉 x.com/KIPprotocol/status/1824442352175550644