Together with |
|
GM Defiers! |
The booming restaking sector is eating liquid staking's lunch, with EtherFi enjoying $1.2 billion in monthly deposits while $1 billion exited Lido. However, leveraged liquid restaking degens are licking their wounds after Renzo suffered a brief but violent depeg. |
Most digital assets are pulling back despite crypto stocks continuing to post strong gains. Reya Network's liquidity generation event is also proving a success, with the protocol quickly attracting more than $100 million in assets. |
In other news, Chainlink completes the mainnet rollout for its Cross-Chain Interoperability Protocol, Avail teams up with five leading Layer 2 teams, PotatoSwap brings Frax's assets to X Layer, and Blast's Fantasy.Top attracts $56 million in deposits. |
Plus, Samourai's founders face charges of facilitating $2 billion in illicit transactions and $100 million in laundered criminal assets. |
✍️ In today's newsletter: |
Restaking overtakes LSTs Renzo's brutal depeg Crypto markets retrace Reya attracts more than $100M Chainlink completes CCIP rollout Top L2s tap AvailDA Frax teams up with PotatoSwap Fantasy.Top raises $56M Samourai founders arrested
|
🙏Sponsored |
|
📈 Markets in the last 24 hrs: |
| TICKER | VALUE | 24 H |
|---|
| Bitcoin | $64,080 | -3.46 % | | Ethereum | $3,132 | -2.63 % | | Gold 1st Future | $2,330 | 0.10 % | | S&P 500 | 5071.63 | 0.02 % | | Arch Web3 | 2.12 | -5.08 % | | Learn more about Arch Indices here. | |
|
| | | | 🎬 WATCH | Check out our interview with Nenad Palinkasevic, the founder of DeFi Saver. We explore the platform's beginnings, discuss strategies users adopt in different market conditions, delve into their various integrations, and uncover what the future holds for their roadmap. |  | Five years of building in DeFi: the story of DeFi Saver |
|
|
| |
| | |
|
|
THANKING OUR NEWSLETTER SPONSORS |
| NEWSLETTER CONTINUES BELOW | |
|
|
NEAR is the chain abstraction stack, empowering builders to create apps that scale to billions of users and across all blockchains. |
|
DexToro is a decentralized derivatives exchange powered entirely by audited Ethereum smart contracts. Trade Crypto and Forex with up to 50x leverage with full custody of your assets. NO KYC. |
|
Access crypto price, market data, metadata and on-chain DEX data on CoinGecko API, the world's most reliable cryptocurrency API tracking 2.4M+ cryptocurrencies across 140 networks. Get 15% off with code "DEFIANT15" at www.coingecko.com/api. |
|
|
|
Liquid restaking protocols are dominating Ethereum staking inflows, with EtherFi absorbing $1.2 billion worth of ETH in the past month, followed by Renzo with $429 million. However, this growth is coming at the expense of centralized exchanges and liquid staking incumbents, with Lido losing $1B over the same period while Binance, Coinbase, and OKX also posted notable withdrawals. |
|
|
Renzo delivered a cautionary reminder of the risks associated with leveraged DeFi derivatives when its liquid restaking token ezETH briefly depegging 70% amid the end of Renzo's first airdrop campaign. The move triggered violent liquidations for users with heavily leveraged exposure to the token, with Morpho Blue and Gearbox Protocol users appearing to suffer the brunt of the margin calls. |
|
|
Cryptocurrencies are pulling back this week, with the sector's combined capitalization tumbling more than $112 billion since Monday. Despite the bearish momentum, on-chain data shows whales accumulating $17 billion worth of BTC since the year began. |
|
|
Reya Network, a Layer 2 offering shared liquidity to native DEXes, garnered more than $100 million worth of deposits to its Liquidity Generation Event in less than 24 hours. After more than three days, the protocol now holds more than $181 million in USDC. |
|
|
Chainlink has launched general availability for its Cross-Chain Interoperability Protocol, enabling permissionless access for DeFi developers and institutions. Chainlink said CCIP will remain its primary focus moving forward, with the protocol already driving around $6,700 in daily fee revenue since the start of March. |
|
|
| | | | | Gamium platform brings people on-chain through #MSTs. A new trend to swap social tokens. People tokens by everyone, for everyone. | Unique, limited, and deflationary - MSTs are the blockchain representation of social profiles on X. Owning MSTs grants exclusive perks like referral commissions, Real Yield for top holders, and immersive 3D experiences with your favorite creators. | We invest in companies because we trust their leaders. Now, with MSTs, you can invest directly in the people you believe in. | The SocialFi revolution is here, and Gamium is leading the charge. Join the Gamium Beta now and start collecting MSTs before they go to the moon. | Learn more about MSTs: What are MSTs and why is everyone talking about it? |
| |
| | |
|
|
|
Avail, a project that spun out of Polygon, announced its data availability solution will be integrated into the tech stacks of five leading Layer 2 teams. Developers leveraging infrastructure from Arbitrum, Optimism, ZkSync, Polygon, and StarkWare will be able to access AvailDA following its mainnet launch in the coming weeks. |
|
|
Assets native to Frax Finance will soon be live on OKX's X Layer L2 thanks to a partnership with PotatoSwap. X Layer went live last week and has since attracted just $5.49 million in TVL. |
|
|
Fantasy.Top, a Blast-native SocialFi card game, has pulled in $56 million of deposits ahead of its mainnet launch. The project allows users to compete in fantasy sports-inspired tournaments and boasted 15,000 players on its testnet deployment. |
|
|
The U.S. Department of Justice arrested and charged two founders behind Samourai, a privacy-focused Bitcoin wallet, for facilitating money laundering and unlicensed money transmission. The founders now face up to 20 years and five years behind bars respectively, with the charges attracting outcry from privacy and crypto advocates. |
|
🌍 ELSEWHERE |
Key Democrat Touts Progress on Stablecoin, Marijuana Legislation (Bloomberg) Morgan Stanley Explores Letting Brokers Recommend Bitcoin ETFs (AdvisorHub) Movement Labs Raises $38M for Rollup Based on Facebook's Move Language (CoinDesk)
|
|
🔥 TRENDING |
|
|
No comments:
Post a Comment