Mitosis has raised $7M in a funding round led by Amber Group and Foresight Ventures
EVM-compatible Cosmos-based L1 Mitosis has secured $7M in a funding round led by Amber Group and Foresight Ventures. Other investors in the round include GSR, Big Brain Holdings, Folius Ventures, Digital Asset Capital Management, Cogitent Ventures, CitizenX Crypto Ventures, Everstake Capital, Pivot and No Limit Holdings.
Mitosis has launched Expedition campaign to lead liquid restaking token’s (LRT) multi-chain expansion. The first Epoch opened on April 25th and reached the TVL cap within an hour. Epoch 2 has started today, on May 2nd, with an increased cap.
Kasu Finance has announced KSU Launch Pool in collaboration with Drip
Kasu Finance $KSU is launching pre-TGE campaign $KSU launch pool in partnership with Drip. Users can now stake $WETH or $USDC into a pool and earn points converted into the $KSU token at TGE. The pools will run for 6 weeks. Kasu is offering up to 1% of total supply for the campaign, that will be unlocked at TGE.
BAYC and LobsterDAO NFT holders will get an additional stake boost.
Particle Network [PARTI] has launched Testnet of its Modular L1 for Chain Abstraction
Particle Network $PARTI has rolled out Testnet Phase 1 of its modular L1 for chain abstraction. Testnet features a high-speed EVM execution environment interconnecting multiple chains. Along with testnet launch, Particle introduced Particle Pioneer, a community platform for rewarding Testnet participants. Users can be rewarded with PARTI points for using the testnet within Particle Pioneer.
PARTI points entitle users to participate in upcoming airdrops, earn bonuses on The People's Launchpad, and be whitelisted for various ecosystems.
Nyan Heroes [NYAN] has launched Season 2 of Airdrop Campaign
Nyan Heroes has rolled out the second season of the Airdrop Campaign. Users can earn points for completing in-game missions and X (Twitter) tasks. The more points, the more $NYAN tokens a user will get. There will be 3 seasons of airdrop mission in total. Previously, Nyan Heroes launched early access of its game on Epic Games store.
Nyan Heroes is a play-to-earn NFT shooter game built on the Solana blockchain $SOL. It raised $13M in three funding rounds, backed by Mechanism Capital, DeFiance Capital, Merit Circle, Sino Global Capital and others.
🔗 twitter.com/nyanheroes/status/1785684162348999025
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Imaginary Ones [BUBBLE] has closed a new funding round led by Cypher Capital
Imaginary Ones $BUBBLE has announced the closure of the funding round led by Cypher Capital. Investors in the round include Animoca Brands, Polygon Ventures, ED3N Ventures and MH Ventures. The raised amount has not been disclosed yet. In 2023, Imaginary Ones launched Bubble Rangers, a mobile game with in-game NFTs, that has already passed 2M downloads.
Imaginary Ones is a vibrant NFT collection featuring 8,888 animated 3D characters on Ethereum network. Previously, it has closed a funding round backed by Animoca Brands, NxGen, Andromeda Capital, Illuminati Capital and others.
🔗 twitter.com/Imaginary_Ones/status/1763225147094307065
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Plume Network has announced a partnership with RWA [RWA]
Plume Network has teamed up with RWA $RWA, a tokenization infrastructure provider. This partnership allows RWA to organize and accomplish industry-wide strategies that help enhance the UX and drive adoption in its community.
Plume is the first modular L2 blockchain dedicated for all real world assets (RWAs) that integrates asset tokenization and compliance providers directly into the chain. Plume enables RWA composability through its thriving DeFi applications and provides access to high-quality buyers to increase liquidity for all tokenized RWAs.
🔗 medium.com/@RWA.Inc/rwa-inc-partners-with-the-plume-network-to-elevate-tokenization-sector-059d638ec164
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Top 7 Airdrops Anticipating in Coming Weeks
Some notable crypto projects have announced an initial airdrop of their tokens in the coming weeks, with the list including FriendTech, ZeroLend, EigenLayer, Aethir, BounceBit, Blast and Avail.
Dive deeper into crypto airdrops with our analytical posts, highlighting projects to have a potential airdrop (all mentioned projects were previously considered).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8
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Binance Labs invests in Movement Labs to bring Facebook's Move to Ethereum
Movement Labs has announced an investment from Binance Labs in addition to $38M raised in its Series A round. Movement Labs is building a new Ethereum Layer 2 network based on Facebook's Move programming paradigm using EigenDA.
Movement Labs will support Sui Move, Aptos Move, and an embedded EVM interpreter MEVM - empowering both Sui, Aptos, and EVM users to use the L2. Previously, Movement Labs secured $3.4M in a pre-seed funding round backed by Borderless Capital, Blizzard Fund, Colony Lab and Varys Capital.
🔗 binance.com/en/blog/ecosystem/binance-labs-invests-in-movement-labs-to-bring-smart-contract-security-and-parallelization-to-ethereum-116269849788036189
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Top Exchanges by Liquidations in the last 24 hours
The vast majority of the casualties were long positions last 24 hours, with more than $451M liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within the last 24 hours, according to Coinglass.com.
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Top Blockchains by Commits and Development Activity in last 7 days
Let’s compare the top blockchains by GitHub commits and active developers in last 7 days, according to artemis.xyz, in order to evaluate their current development activity.
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Top 10 Crypto Fundraising Rounds in April
Let’s take a look at the top 10 biggest private crypto fundraising rounds completed in April, backed by major crypto venture investors including Paradigm, Electric Capital, Framework, Brevan Howard Digital, Hashkey Capital, Amber, Morningstar Ventures, Hack VC, Animoca Brands, Multicoin Capital, Pantera and others.
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Aethir [ATH] has announced a partnership with Magic Eden
Aethir $ATH teams up with Magic Eden, one of the largest cross-chain NFT platforms. Through this partnership, Aethir will offer GPU power to Magic Eden’s gaming partners. Moreover, Magic Eden will become the go-to NFT platform for Aethir’s gaming clients.
Previously, Aethir launched Aethir Cloud Drop with ATH tokens as Airdrop rewards.
Polyhedra Network [ZK] has announced a partnership with AltLayer [ALT]
Polyhedra Network $ZK has teamed up with AltLayer $ALT, an open and decentralized protocol for developers to launch application-tailored rollups. This partnership will integrate AltLayer’s rollups with Polyhedra’s zkBridge functionalities to enable trustless, efficient, and secure interoperability across various Layer 1 and Layer 2 networks. Moreover, AltLayer will join as a node operator for Polyhedra’s Bitcoin dual-staking AVS.
Polyhedra builds the next-generation infrastructure for Web3 interoperability, scalability, and privacy through advanced ZKP technology. It raised $45M in several funding rounds backed by Polychain, Binance Labs, Animoca Brands, Hashkey Capital and others. Current $ZK price is $1.21. Current market cap is $110M. Current FDV is $1.21B.
🔗 polyhedra.medium.com/polyhedra-network-partners-with-altlayer-to-bring-cross-chain-interoperability-to-rollups-20a614233614
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Sophon [SOPH] Public Node Sale on Impossible Finance is now live
Impossible Finance is a platform for Sophon node sale. The total number for sale is 200,000 nodes with 40 different tiers (price for a node increases depending on tier). The nodes can be purchased using WETH on zkSync in an FCFS format. Previously, Sophon conducted a Whitelist node sale.
By running a node on Sophon, users will be eligible to earn a share of up to 20% of $SOPH token emissions over 3 years. SOPH is the native ecosystem token. Node holders may receive potential airdrops from ecosystem participants. Network launch and node activation are expected in Q3 2024.
EigenLayer will launch EIGEN token with Initial Airdrop on May 10th
Restaking protocol EigenLayer is launching its native token $EIGEN on May 10th. The distribution will include airdrops named stakedrops, which will hand out 15% of token supply to those who have staked on platform. In the first season, 5% of token supply will be distributed to users based on a snapshot of staking activities taken on March 15th. Of this first season allocation, 90% of tokens will be claimable on May 10th.
$EIGEN token will have a total supply of 1.67B tokens at launch. 45% of tokens allocated to community, subdivided into stakedrops (15%), community initiatives (15%) and ecosystem development (15%). Initially, as $EIGEN claims begin, the tokens will remain non-transferable to allow ample time for decentralization and to foster community consensus regarding the token’s utility and governance. Users will be able to stake it to secure its data availability layer, called EigenDA.
Zeus Network [ZEUS] has introduced the Zeus Program Library
Zeus Network $ZEUS has presented the Zeus Program Library (ZPL), a set of programs that revolutionize engaging with Bitcoin assets built on Solana Virtual Machine. Empowered by ZPL, assets from Bitcoin can transition into a ZPL-Asset, unlocking access to the vibrant Solana ecosystem.
ZPL-Assets facilitate secure and verifiable asset transfers between diverse blockchains, opening up new avenues for decentralized finance and asset management. ZPL is set to be applied to $BTC, Runes, and Ordinals in Q3 2024.
Top Blockchains by Number of Transactions in last 7 days
Let’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to Artemis.xyz, in order to evaluate their current adoption and performance.
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Baxus has raised $5M in a Seed funding round led by Multicoin Capital
Baxus, a Web3 marketplace for wine and spirits, has raised $5M in a seed funding round led by Multicoin Capital. Other investors in the round include Solana Ventures, FJ Labs, and Narwhal Ventures and angel investors such as Mert Mumtaz, Regan Bozman, and Vinny Lingham. Baxus is an alcohol beverage marketplace built on Solana, that allows buyers to transact with credit card, ACH, direct wire, or crypto including $USDC.
🔗 fortune.com/crypto/2024/05/01/multicoin-capital-baxus-web3-wine-spirits-marketplace
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AltLayer introduces reALT token in second phase of staking program
AltLayer has rolled out the second phase of its staking program, introducing the restaked $ALT token - reALT. Restaked ALT is an auto-compounding ERC-20 token issued to users staking ALT in AltLayer’s main staking pool. The project also plans to introduce restaked rollups - Layer 2 projects that leverage EigenLayer’s restaking mechanism to bootstrap network security.
AltLayer is an open and decentralized protocol for developers to launch application-tailored rollups. Previously, it has raised $21.6M in three funding rounds backed by Binance Labs, Polychain Capital, Jump Crypto, Breyer Capital and others. Current $ALT price is $0.34. Fully diluted market cap is $3.4B.
🔗 theblock.co/post/292110/altlayer-restaked-alt-token-realt
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LifeForm [LFT] will conduct a Public sale on Bybit Launchpad on May 15th
LifeForm $LFT has announced its token sale on Bybit Launchpad. Users will be able to stake their USDT and MNT tokens into separate pools to receive $LFT over 5 days, starting May 10th. Token sale hardcap is $300K (10M $LFT). Token sale price is $0.03, at a $30M valuation.
Lifeform is a provider of decentralized digital identity solutions to establish interoperability between the digital and physical realms. Previously, it has raised $5M in three funding rounds (last at a $300M valuation) backed by Binance Labs, GeekCartel, KuCoin Labs, IDG Capital and others.
🔗 announcements.bybit.com/en/article/lifeform-token-lft-on-bybit-launchpad-3-0-now-live-bltd8fe3a7a83752bfa
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LayerZero has completed Initial Snapshot for Potential Airdrop on May 1st
LayerZero $ZRO has finalized the first snapshot related to a potential airdrop distribution to community members. The snapshot determined eligibility based on transactions up to 11:59:59 PM UTC, on May 1st.
Previously, LayerZero Labs confirmed the distribution of $ZRO token within the first half of 2024. Other details about airdrop, TGE and token distribution should be announced soon.
Agora has raised $5M in a Seed funding round led by Haun Ventures
Cross-chain governance platform Agora has secured $5M in seed funding led by Haun Ventures. Other investors in the round include Seed Club, Coinbase Ventures and angels such as Sina Habibian, Balaji Srinivasan, Credibly Neutral, Packy McCormick, Tim Beiko and Dan Romero.
Agora provides an end-to-end governance protocol for DAO, including tools such as gas voting and proposing, security councils, snapshot integration, etc. Optimism, Nouns, ENS and Uniswap already use the platform.
🔗 theblock.co/post/291952/haun-ventures-leads-5-million-seed-round-in-cross-chain-governance-platform-agora
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Securitize has raised $47M in a Strategic funding round led by BlackRock
Securitize has secured $47M in a strategic funding round led by BlackRock. Other investors in the round include Circle, ParaFi Capital, Aptos Labs, Paxos and Hamilton Lane. Securitize is a leader in tokenizing real-world assets driving the compliant digitization of financial assets through next-generation blockchain technology. Previously, it raised $74.75M in four funding rounds backed by Coinbase Ventures, Kenetic Capital, Ripple, Ava Labs and others.
🔗 twitter.com/Securitize/status/1785649731508527157
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Smart Layer announces Launchpad Staking for SLN holders in partnership with Redbrick
Smart Layer Network $SLN has announced Launchpad Staking along with collaboration with Redbrick, an open-metaverse multi-chain platform. Through this partnership, $SLN holders will be able to stake their tokens and assets to participate in Redbrick's limited free drop of 20K Achievement tokens on May 16th. On top of that, participants will get 40% APR over the stake and claim period.
Achievement tokens, powered by Smart Layer’s ERC-5169 for advanced utility and ST404 for advanced liquidity, allow users to play, accumulate and build up the gaming account, being on-chain and tradable.
bitSmiley has introduced a Point System for upcoming Airdrop - bitPoint
bitSmiley has unveiled bitPoint, its point system with a token airdrop reward for user participation within the protocol. Pre-season, the first phase of bitPoint, is now live and lasts until May 11th. Users can earn points by minting bitUSD on bitlayer, and providing liquidity for specified trading pairs on bitCow. At the end of the Pre-season, 1% of token supply will be distributed among users based on their points.
bitSmiley is a stablecoin, lending and derivatives protocol for $BTC ecosystem, which allows users to over-collateralize native BTC on BTC network to mint bitUSD stablecoin. It is backed by OKX Ventures, ABCDE, CMS Holdings, Foresight Ventures, KuCoin Ventures and Waterdrip Capital.
🔗 medium.com/@bitsmiley/introducing-bitpoint-the-bitsmiley-point-system-1595af1ea22a
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Top Exchanges by Liquidations in last 7 days
The vast majority of the casualties were long positions last days, with more than $991M liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to Coinglass.com.
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Renzo [REZ] has conducted initial listing on Binance, KuCoin and other exchanges today, on April 30th
Renzo $REZ has been initially listed on Binance, KuCoin, MEXC, Bitget, Gate, HTX, and other exchanges. Previously, $REZ farming was launched on Binance Launchpool with 250M $REZ (2.5% of total supply) in rewards. Moreover, Renzo conducted airdrop with 7% of total supply distributed via Season 1 of Points program. Initial circulating supply is 1.15B $REZ (11.5% of total supply).
Users are available to claim their tokens here 👉 claim.renzoprotocol.com
Renzo is an Ethereum $ETH restaking protocol and strategy manager based on EigenLayer framework with around $3.15B in TVL. Previously, it raised $3.2M in a seed round, backed by Maven 11, OKX Ventures, Paper Ventures, and Figment Capital. It has also received a strategic investment from Binance Labs. Current $REZ price is $0.18. Current market cap is $207M. Current FDV is $1.8B.
🔗 twitter.com/RenzoProtocol/status/1785277670244175972
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MilkyWay has raised $5M in a Seed funding round co-led by Binance Labs and Polychain Capital
MilkyWay, a Celestia $TIA liquid staking protocol, has raised $5M in a seed round co-led by Binance Labs and Polychain Capital. Other investors in the round included Hack VC, Crypto.cоm Capital and LongHash Ventures.
MilkyWay is currently running a points program called mPoints. It is then set to conduct an airdrop in the coming months, with at least 10% of the total supply of the $MILK token allocated to mPoint holders.
🔗 twitter.com/milky_way_zone/status/1785247785236709852
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Ultiverse [ULTI] Gold Chip NFT Mint reached over 20K ETH in TVL
Ultiverse $ULTI Gold Chip NFT mint reached 20.4K $ETH (worth around $65M at current rate) in total value locked. Users can deposit funds to participate in the raffle phase on May 1st, at 12:00 UTC. NFTs will be available for claims and refunds on May 2nd, at 12:00 UTC. Gold Chip has a total supply of 8,000 NFTs. NFT price is $750.
After the $ULTI TGE, holders of Gold Chip NFTs will be able to burn their NFTs to receive 50K $ULTI tokens
Top 7 Biggest Token Unlocks in the Next 7 Days
Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Let’s take a look at this and some other biggest unlocks coming in the next 7 days, including $DYDX, $GAL, $PORTAL, $BICO, $AI, $HOOK and $DAR according to CryptoRank.io.
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