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Manta Network [MANTA] launches $50M fund to ignite ecosystem growth
Manta Network, a privacy-focused L2 that utilizes zero-knowledge proofs, has established a $50M ecosystem fund to accelerate project development on its blockchain. This fund will invest in native applications and technology partners, fostering innovation and development.
Out of the $50M ecosystem amount, $35M will be allocated to direct investments, $10M will be allocated as ecosystem grants, and $5M will go toward hackathons. Current $MANTA price is $1.4. Current market cap is $456M. Current FDV is $1.4B.
🔗 mantanetwork.medium.com/manta-foundation-50m-ecofund-now-open-to-applications-e894660c7e89
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Curve founder Michael Egorov faces up to $140M liquidation amid drop in CRV price
Michael Egorov, a founder of Curve, is close to seeing up to $140M of $CRV liquidated across his loan positions in various protocols. Egorov had borrowed various stablecoins from DeFi platforms Inverse, UwU Lend, Fraxlend, and Curve’s LlamaLend using his $CRV tokens as collateral. Egorov’s position on UwULend worth $20.2M has been already liquidated.
Current $CRV price is $0.291 (-23% in last 24h). Current market cap is $367M. Current FDV is $610M. Curve protocol’s TVL is over $2.3B.
🔗 theblock.co/post/299864/curve-founder-loan-positions-liquidation-risk
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KIP Protocol [KIP] has announced a partnership with Masa [MASA]
KIP Protocol $KIP teams up with Masa, a data platform, allowing users to contribute personal data and receive compensation in the form of a $MASA native token. Through this partnership, projects will work together to accelerate the development of the AI economy. Recently, KIP Protocol unveiled Open Campus U (OCU), an AI-powered education platform launched in partnership with Open Campus.
Previously, KIP has opened community whitelist registration for the sale of AI Checker Nodes.
Top 7 TON Protocols by Total Value Locked
The total value of assets locked in The Open Network $TON is around $480M, according to DefiLlama.com. Let’s compare the top protocols on TON blockchain by current TVL in USD, in order to evaluate their adoption scale.
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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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Axelar [AXL] will be primary bridge protocol for Ripple’s XRP Ledger EVM Sidechain
Ripple $XRP will use Axelar $AXL as primary bridge protocol for its upcoming EVM-compatible XRP Ledger sidechain. Axelar will enable users to convert $XRP into wrapped XRP (eXRP), used as the native token for gas fees on the sidechain. XRP Ledger sidechain is being developed by Ripple and Peersyst, leveraging evmOS — a modular and customizable tech stack offered by Evmos.
By shifting to Axelar, Ripple is moving away from its proposed XLS-38 cross-chain bridge. Current $AXL price is $0.78. $AXL FDV is $908M.
🔗 theblock.co/post/299696/ripple-to-use-axelar-as-bridge-protocol-for-evm-sidechain
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Aethir [ATH] has conducted initial listing on multiple exchanges including OKX, Bybit and KuCoin
Aethir $ATH has been listed on OKX, Bybit, KuCoin, HTX, Bitget, Gate, BingX, Bitrue, MEXC and other exchanges on June 12th, at 10:00 AM UTC. Previously, Aethir has announced 2.52B $ATH token airdrop (6% of total supply) to over 860K eligible wallet addresses. Airdrop will be divided into three seasons, with 630M tokens allocated to Season 1 rewards. Current $ATH price is $0.117. Current FDV is $4.9B.
15% of total ATH supply is allocated for Aethir Checker Node rewards and 35% for Aethir cloud computing Container operators.
Symbiotic has raised $5.8M in a Seed funding round co-led by Paradigm and Cyber Fund
Symbiotic has secured $5.8M in a seed funding round co-led by Paradigm and Cyber Fund. Symbiotic is a shared security protocol that provides a flexible, permissionless coordination layer, allowing network builders to control and adapt their restaking and staking implementations.
Symbiotic's components include collateral management, staking vaults, operators, resolvers, and network integrations, creating a comprehensive framework for decentralized economic security. Symbiotic differentiates itself from EigenLayer by allowing the use of various ERC-20 tokens, not limited to ETH and specific derivatives.
🔗 blog.symbiotic.fi/symbiotic-intro
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Top Blast Protocols by Total Value Locked
The total value of assets locked in Blast is around $2.1B, according to DefiLlama.com (and over $2.6B according to Blast site). Let’s compare the top protocols on Blast by current TVL in USD, including Thruster, Juice Finance, Hyperlock Finance, Ring Protocol, Renzo, Particle, Orbit Protocol, Wasabi, Pac Finance and SynFutures.
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Marlin's ZK-proof marketplace Kalypso will be collaborating with Symbiotic
Kalypso, a ZK-proof marketplace powered by Marlin $POND, will be collaborating with Symbiotic in a partnership to secure decentralized prover networks with restaked $ETH. Symbiotic’s flexible architecture will allow $POND to be restaked across functions in Oyster and Kalypso, and help to onboard geographically distributed provers backed by stETH.
Kalypso is a mechanism-agnostic ZK proof marketplace that connects users, apps and protocols requiring proofs with hardware providers who can generate them. Symbiotic simplifies coordination between operators, restakers & protocols strengthening the liveness & censorship properties of the network.
Biconomy [BICO] has introduced Delegated Authorisation Network for AI agents
Biconomy $BICO, a multi-chain transaction infrastructure, is launching the Biconomy Delegated Authorisation Network (DAN) for AI agents. DAN is an off-chain authorization network designed to enhance the security, customizability and speed of managing authorization keys for smart accounts. By combining Silent Lab’s cutting edge MPC network with Ethereum’s economic security via EigenLayer, Biconomy DAN offers a secure and non-custodial solution for performing off-chain authorizations.
Previously, Biconomy has closed a strategic funding round backed by Consensys, Jump Capital, Borderless Capital, Taisu Ventures, Manifold, Side Door Ventures, Blockchain Founders Fund and others. Current $BICO price is $0.54. $BICO FDV is $540M.
🔗 biconomy.io/post/introducing-dan-the-programmable-authorisation-network-for-ai-agents
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Aethir [ATH] will conduct listing on multiple exchanges including OKX, Bybit and KuCoin on June 12th
Aethir $ATH will be listed on OKX, Bybit, KuCoin, Bitget, Gate, BingX, Bitrue and MEXC on June 12th, at 10:00 AM UTC. Previously, Aethir has announced 2.52B $ATH token airdrop (6% of total supply) to over 860K eligible wallet addresses. Airdrop will be divided into three seasons, with 630M tokens allocated to Season 1 rewards.
15% of total ATH supply is allocated for Aethir Checker Node rewards and 35% for Aethir cloud computing Container operators.
Binance Labs has announced the investment in Zircuit
Binance Labs has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. Zircuit is a new L2 network backed by Pantera Capital, Dragonfly, and Maelstorm that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors.
Previously, Zircuit has launched LRT, LST and ETH staking for receiving Eigenlayer and Zircuit points, and reached over $3.31B in TVL. Binance Labs' investment in Zircuit comes ahead of the network's mainnet launch this summer.
🔗 binance.com/en/blog/ecosystem/binance-labs-invests-in-zircuit-to-advance-l2-with-aienabled-sequencer-level-security-1403715297509312064
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Top 10 Protocols on zkSync Era by Total Value Locked
Let’s compare the top 10 DeFi-protocols on zkSync Era L2 by current TVL in USD, according to DefiLlama.com, in order to evaluate networks adoption scale. With over $54M in TVL, SyncSwap is the leader by locked liquidity, followed by zkSwap, Koi Finance and others.
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Squads has raised $10M in a Series A funding round led by Electric Capital
Squads has secured $10M in a Series A funding round led by Electric Capital. Other investors in the round include Coinbase Ventures, Placeholder VC, RockawayX and L1 Digital. Moreover, Squads launched Fuse, its Solana-based retail-oriented iOS wallet app, on public TestFlight.
Squads is a multisig protocol that helps crypto firms secure and manage their digital assets on-chain. Previously, it has raised $12.5M in three funding rounds backed by Delphi Digital, Collab+Currency and others.
🔗 theblock.co/post/299287/solana-multisig-protocol-squads-funding-fuse
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NEAR Foundation's new entity Nuffle Labs has raised $13M in strategic funding
NEAR Foundation launched an independent entity called Nuffle Labs, which secured $13M in strategic funding. The firm's funding came from Electric Capital, Canonical Crypto, Fabric Ventures, Robot Ventures, Caladan, and Lyrik Ventures. Nuffle Labs builds out NEAR's Data Availability Layer (NEAR DA), the NEAR Fast Finality Layer (NFFL) and other products in the NEAR modular product suite.
Strategically positioned between the NEAR Foundation, Ethereum, and EigenLayer ecosystems, Nuffle Labs will leverage strengths from multiple platforms to enhance efficiency and resilience in the NEAR ecosystem. Current $NEAR price is $6.15. Current FDV is $7.28B.
🔗 theblock.co/post/299845/near-foundations-new-independent-entity-nuffle-labs-raises-13-million-in-funding
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Moonbeam [GLMR] has announced a $13M Ecosystem funding for Gaming, RWAs and Moonriver
Moonbeam $GLMR, an Ethereum-compatible smart contracts platform on a Polkadot parachain, has rolled out a $13M funding initiative to boost its ecosystem growth. The $13M package includes a $10M innovation fund to advance key areas, including gaming, real-world assets (RWAs), and the Moonriver $MOVR canary network. Moreover, $1.5M in Moonbeam ecosystem grants and $1.5M in Moonriver grants are allocated.
The first ecosystem grant will allocate 4.5M $GLMR ($1.5M at current rate), to four projects on the parachain, including StellaSwap DEX, Moonwell, Prime Protocol, and Beamswap. Current $GLMR price is $0.27. Current market cap is $238M.
🔗 moonbeam.network/news/usd13m-in-funding-fueling-ecosystem-growth-for-gaming-rwas-and-moonriver
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Equilibrium Group is raising over $30M for its first early-stage fund
Blockchain engineering group Equilibrium has launched its venture capital unit, Equilibrium Ventures, along with the first early-stage fund. Equilibrium Ventures Fund I is seeking to raise €30M (around $32.5M), with about 20% ($6.5M) of that amount already been raised in the fund's first close. The fund's backers include Equilibrium Group itself and limited partners such as Sebastien Borget from The Sandbox, Mask Network and Jigeum Capital. The full close is expected by the end of this year.
🔗 theblock.co/post/299810/blockchain-engineering-group-equilibrium-venture-fund
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Nibiru Chain [NIBI] has announced the partnership with RWA [RWA]
Nibiru Chain $NIBI has partnered with RWA $RWA, a tokenization infrastructure provider. Through this partnership, Nibiru's streamlined DeFi programmability will be integrated into RWA. Current $NIBI price is $0.125. Current market cap is $26.4M. Current FDV is $187M.
Nibiru Chain is an L1 blockchain and smart contract ecosystem sporting high throughput and unparalleled security. It raised $20.5M in two funding rounds from NGC Ventures, HashKey Capital, Kraken Ventures, Tribe Capital and others.
🔗 hmedium.com/@RWA_Inc_/rwa-inc-partners-with-nibiru-chain-beaaf7ba1add
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Layer3 has raised $15M in a Series A round co-led by ParaFi and Greenfield Capital
Layer3 has raised $15M in a Series A funding round co-led by ParaFi and Greenfield Capital. Other investors in the round include Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber and others. Layer3's Series A round comes as it is set to launch its native L3 token and conduct an airdrop this summer. It has allocated 51% of total supply to the community, while details regarding the remaining allocation are yet to be released.
Layer3 is a token distribution protocol that enables projects to distribute their tokens to attract and retain users. Previously, it raised $6.2M in two funding rounds backed by ParaFi, Polygon's Sandeep Nailwal and others.
🔗 theblock.co/post/299755/layer3-funding-token-launch-airdrop
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Ava Protocol has raised $4.5M in a Seed+ funding round backed by Electric Capital and others
Ava Protocol (previously OAK Network) has secured $4.5M in a Seed+ funding round. Investors in the round include Electric Capital, Taisu Ventures, Bloccelerate VC, BingX Exchange, and Shima Capital. The fresh capital injection will support Ava Protocol’s development of an intent-centric, event-driven Eigenlayer AVS developed to help private autonomous transactions on Ethereum and beyond.
Ava Protocol is a blockchain solution designed to automate and optimize crypto transactions, offering intelligent automation, enhanced privacy, and significant cost savings. In 2022, it raised $5.5M in a seed funding round backed by Hypersphere Ventures, Greylock Partners, Foundation Capital and others.
🔗 finance.yahoo.com/news/ava-protocol-lands-10m-funding-084706265.html
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KIP Protocol [KIP] has introduced AI-powered education platform - Open Campus U (OCU)
KIP Protocol $KIP has unveiled Open Campus U (OCU), an AI-powered education platform launched in partnership with Open Campus, to bring decentralized AI learning to the EDU Chain. Leveraging KIP's Retrieval Augmented Generation tech, Open Campus U will offer personalized learning experiences from leading global educators. Through OCU, students will have the opportunity to learn from their favourite educators in a more personalized and engaging manner.
KIP Protocol is an open-source Web3 framework designed to facilitate the creation, management and monetization of decentralized knowledge assets for AI applications. It is backed by Animoca Brands, Morningstar Ventures, SkyVision Capital, Spicy Capital, Purechain Capital and others.
🔗 kip.pro/blog-posts/open-campus-u-ocu
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Top 7 Listings Anticipating in Coming Weeks
Some notable crypto projects have announced initial listings of their tokens in the coming weeks. Let’s take a look on some anticipated listing, including Aethir $ATH, ZKsync $ZK, Mystiko Network $XZK, NATIX Network $NTXT, Blast $BLAST, LayerZero $ZRO and zkLink $ZKL.
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XION integrates with Picasso to bring Chain Abstraction solution to Solana ecosystem
XION and Picasso are integrating to bring Chain Abstraction solution to the Solana ecosystem by combining XION's chain abstraction capabilities with Picasso's cross-chain capabilities. Through this integration, native assets from both ecosystems will be able to flow freely, vastly enhancing access and liquidity.
In addition, users will be able to interact seamlessly across ecosystems and applications using a single account, regardless of the underlying infrastructure powering those applications.
Ponder [PNDR] has announced a partnership with Native
Ponder $PNDR teams up with Native, a liquidity solution that delivers efficient capital mobility and comprehensive DeFi services across various chains. Through this partnership, Native has integrated into the Ponder engine. Moreover, Ponder launched the Ambassador program with $PNDR and $USDT as rewards.
Ponder builds a solution providing a fully integrated comparison tool for crypto-based operations. Previously, it announced IDOs on Ape Terminal and WePad.
🔗 x.com/Ponder_One/status/1800201474179543414
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Zesh [ZESH] has integrated Arbitrum into Zesh Portal
Zesh $ZESH has integrated Arbitrum $ARB into Zesh Portal, a zkML AI-driven SocialFi solution that combines worthwhile engagement and trust among participants. Through this integration, projects can run campaigns, issue rewards in $ETH on the Arbitrum network, and engage in on-chain tasks. Previously, Zesh announced that its initial market offering features an integrated reward campaign and payment system with gamification.
🔗 x.com/ZeshApps/status/1800485162414706738
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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 $946M 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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ZKsync will airdrop over 3.6B ZK tokens to 696K eligible wallets
ZKsync has announced 3.675B $ZK token airdrop (17.5% of total supply) to 695,232 eligible wallet addresses. Eligibility and allocations for the airdrop were based on a snapshot of activity on ZKsync Era and ZKsync Lite taken on March 24th. The community airdrop is based on a points system. Wallets received points for actions, such as interacting with 10 smart contracts on ZKsync Era, depositing liquidity into DeFi protocols and trading more than 10 ERC-20 tokens, among others.
Users can check Airdrop eligibility here 👉 claim.zknation.io
Zyfi has announced the closure of a $2M private funding round
Zyfi has secured $2M in a private funding round. Investors in the round include Tenzor Capital, Everstake Capital, v3ntures, Majinx Labs, ZBS Capital, Alpha Praetorian Capital, NxGen, Criterion VC and several angel investors.
Zyfi is a paymaster-as-a-service that focuses on flexibility and ease of integration and is built on top of ZKsync’s native account abstraction. Zyfi is integrated by many dApps in the ZKsync ecosystem such as ZeroLend, Gravita, Increment Fi and zkMarkets.
🔗 mirror.xyz/0x9FFC14AB8754E4De3b0C763F58564D60f935Ad6F/4lcnYdArgMRcJ6pDzwzVkrcKGT7a6kOyGQZu3CFiKLI
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UwU Lend [UWU] is hacked for over $20M in ongoing exploit
UwU Lend $UWU protocol is hacked for nearly $20M. The attack is still ongoing, $WBTC and $DAI were drained from the pools and converted to $ETH. The $14M exploit was first discovered by on-chain security firm Cyvers.
UWU lending contract was exploited by an attacker who executed 3 transactions in 6 minutes. The attacker was funded from Tornado Cash 2 days ago.