Galxe migrating the Galxe (GAL) token to Gravity (G)
G is the native token on Gravity and the utility token for both Gravity and the Galxe. G powers transactions as a gas token and will soon secure network through staking. The migration portal will be available on July 9th and will remain live for at least one year.
👉 blog.galxe.com/introducing-g-one-token-two-ecosystems-306fee047256
Crypto Events Recap, July 2-3
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-july-2-3-2024
Top NFT Collections by Market Cap
NFT Collection Market cap is equal to the floor price multiplied by the collection total NFTs supply.
MANTRA (OM) to tokenize $500 million real estate assets for UAE builder
Mantra will tokenize $500 million worth of assets of Dubai real estate developer MAG Group. Investors will earn yield (apr. 8%) from the stablecoins and OM tokens. MANTRA is an RWA and tokenized assets L1 blockchain.
👉 coindesk.com/business/2024/07/03/mantra-to-tokenize-500m-real-estate-assets-for-uae-builder-mag-group
Top-15 Blockchain Dapps by Users growth in the last 30 days
Among the top performers are Aptin Finance, a lending and borrowing protocol on Aptos, Solitaire Blitz, a world classic game brought on-chain, and SendingMe, a decentralized and encrypted super-app that combines chat, socializing, and trade.
Clearpool (CPOOL) launched Credit Vaults on Base Layer 2
Portofino Technologies pioneers the inaugural Credit Vault on Base. Credit Vaults allow borrowers to set parameters offering them control and customization options. Credit Vaults enable higher lending APRs — increasing lending volume and protocol revenue.
👉 x.com/ClearpoolFin/status/1808127764589076762
Astar Network (ASTR) will burn 350 million ASTR tokens
The tokens were originally allocated for Polkadot parachain auctions, a product which has since been shelved by Polkadot. 350M ASTR tokens ($25.7 million) yielded 70M ASTR in rewards, which will now be transferred to the treasury.
👉 coindesk.com/business/2024/07/02/astar-network-to-burn-350m-astr-5-of-total-supply/
Zesh (ZESH) announced a partnership with Skale (SKL)
Through this collab, Zesh chose SKALE as their blockchain of choice for deploying Zesh Apps to provide its users with a zero-gas fee model and enhanced security. Zesh is an integrated suite of AI-powered apps, leveraging zkML and ultra-gamified models.
👉 x.com/ZeshApps/status/1808097090905543102
Prodia raised $15 million in seed funding led by Dragonfly Capital
Additional support in the funding came from HashKey Capital, Wеb3.cоm, Index Ventures, Symbolic Capital, OKX Ventures, EV3, Artichoke, TRGC, Folius, among others. Prodia builds out a distributed network of GPUs.
👉 theblock.co/post/302971/dragonfly-capital-leads-15-million-seed-round
Sentient has raised $85 million in a Seed funding round
Founders Fund, Pantera Capital and Framework co-led the Seed funding. Other investors include Ethereal Ventures, Robot VC, Symbolic, Delphi Ventures, Hack VC, Arrington, HashKey Capital, and others. Sentient is an open-source AI development platform.
👉 theblock.co/post/302983/peter-thiel-founders-fund-sentient-funding-ai-polygon
Top-15 Price Gainers in Q2 2024
Among the top performers are Apu Apustaja, a meme token running on the Ethereum blockchain, Non-Playable Coin, the first meme-fungible token (MFT), and PONKE, a Solana-based memecoin.
Sharpe AI (SAI) announced the launch of Sharpe DEX in Beta
Sharpe DEX is a one-stop platform for cross-chain swaps. Moreover, the project has conducted a transition to a dynamic new EPOCH-based points system. Sharpe is an institutional-grade crypto App, serving as a unified frontend for intelligence, tracking and investing.
👉 x.com/SharpeLabs/status/1807469335604351416
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.42T (-1.24%)
BTC Price: $62,498 (-1.08%)
BTC Dominance: 50.8% (+0.20%)
Fear & Greed Index: 51 (Neutral)
Total Value Locked: $156B (-0.75%)
Symbiotic attracted over $1B in TVL in less than a month
Symbiotic’s TVL denominated in ETH has more than tripled over the past day from almost 92K ETH to 328K ETH. Symbiotic allows users to deposit funds to support third-party protocols through a shared security model, positioning itself as a competitor to EigenLayer.
👉 theblock.co/post/303500/eigenlayer-competitor-symbiotic-crosses-1-billion-in-deposits-in-under-a-month
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.26T (-5.24%)
BTC Price: $58,370 (-3.79%)
BTC Dominance: 50.9% (+0.30%)
Fear & Greed Index: 44 (Fear)
Total Value Locked: $149B (-3.18%)
Consensys acquires Wallet Guard to help protect MetaMask users
Consensys intends to integrate Wallet Guard’s browser extension and security engine capabilities to protect MetaMask users’ wallets and data from theft, scams, and fraud. The integration will improve drainer detection via transaction validation & client-side heuristics.
👉 theblock.co/post/303347/consensys-acquires-wallet-guard-to-help-protect-metamask-users
Gala Games (GALA) announced a collab with Animoca Brands
Animoca will receive GALA tokens from Gala’s treasury to provide liquidity provisioning services to Gala Games to facilitate orderly trading of GALA. Moreover, Animoca is already an operator of 9 Gala Founder’s Nodes and plans to serve as GalaChain Validator.
👉 x.com/GoGalaGames/status/1808345169571516580
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.
👉 https://app.orioleinsights.io/projects
Lombard has closed a $16M Seed funding round
The funding was led by Polychain Capital, with Babylon, dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures and other participating. In partnership with Bitcoin staking protocol Babylon, Lombard plans to build out Bitcoin-based restaking.
👉 x.com/Lombard_Finance/status/1808155649940791689
Pi Squared has closed a $12.5M Seed funding round
The funding was led by Polychain Capital, with ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, Samsung Next and some notable angels participating. Pi Squared is a company setting out to enable verifiable computing through the use of zk technology.
👉 https://coindesk.com/tech/2024/07/02/pi-squared-building-universal-zk-circuit-raises-125m
RedStone has closed a $15M Series A funding round
The funding was led by Arrington Capital, with IOSG Ventures, Spartan Capital, gumi Cryptos, SevenX, Amber, Kenetic and other participating. RedStone is an Oracle that delivers reliable and diverse data feeds for dApps and smart contracts on multiple L1s & L2s.
👉 x.com/redstone_defi/status/1808140117443264573
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.37T (-2.07%)
BTC Price: $60,732 (-2.98%)
BTC Dominance: 50.6% (-0.20%)
Fear & Greed Index: 50 (Neutral)
Total Value Locked: $154B (-1.24%)
Chromia (CHR) confirmed the Mainnet launch on July 16
Chromia will also bridge its native token CHR on its Mainnet to facilitate the staking delegation process, network hosting fee payments, and other core network functions. Chromia is a Layer 1 blockchain platform.
👉 theblock.co/post/302392/blockchain-project-chromia-to-launch-mainnet
Circle earns license to issue USDC and EURC under Europe’s MiCA framework
Circle will be able to issue USDC & EURC stablecoins under the markets in crypto assets (MiCA) comprehensive regulatory framework established by the European Union. The EU approved MiCA in April 2023 and the rules are being implemented in stages.
👉 theblock.co/post/302897/circle-earns-license-to-issue-usdc-and-eurc-under-europes-mica-regulatory-framework
Plume Network launches Task2Get campaign via Bitget Wallet
Users can discover Plume ecosystem projects and earn 1,000,000 Plume Miles. To participate, users must download Bitget Wallet and join the Task2Get activity. Plume is a modular L2 for onboarding RWA projects.
👉 x.com/plumenetwork/status/1808052677567189502
5ireChain (5IRE) launched closed mainnet beta
Along with the mainnet rollout, 5ire launches 5ire Scan featuring advanced metrics and block analytics, Nominator and Validator App, 5ire IDE, and Mainnet Airdrop. 5ire is a Layer 1, EVM-compatible blockchain platform integrating sustainability with technology.
👉 x.com/5ireChain/status/1807819142562828643
Astria has closed a $12.5M Strategic funding round
The funding was led by Placeholder VC & dba. Other investors include 1kx, Maven 11 Capital, RockawayX and Figment Capital. Astria is building a decentralized sequencing layer that can be shared amongst multiple rollups.
👉 coindesk.com/tech/2024/06/27/protocol-village
Crypto Events Recap, June 29 - July 1
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-june-29-july-1-2024