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硬核颜究bot土狗监控通知的想法文章介绍了一种名为EPANDA的代币,其市值为156.8k,1小时交易量为37.6k,持币数增加为82,交易次数为101次,流动性为6.7 ETH,UniswapV2的买税为10.0,卖税为30.2,平均税为32.0,最高税为43.3,具有蜜罐功能,开源且增发,但存在丢失权限的风险,开盘时间为2024-11-10 03:58:35,总量为1000000000,Dev占比为3.0%,Pair占比为12.47%,部署者余额为3.1 ETH,无历史合约,资金源为0x45300136662dd4e58fc0df61e6290dffd992b785。 #opbnb

硬核颜究bot土狗监控通知的想法

文章介绍了一种名为EPANDA的代币,其市值为156.8k,1小时交易量为37.6k,持币数增加为82,交易次数为101次,流动性为6.7 ETH,UniswapV2的买税为10.0,卖税为30.2,平均税为32.0,最高税为43.3,具有蜜罐功能,开源且增发,但存在丢失权限的风险,开盘时间为2024-11-10 03:58:35,总量为1000000000,Dev占比为3.0%,Pair占比为12.47%,部署者余额为3.1 ETH,无历史合约,资金源为0x45300136662dd4e58fc0df61e6290dffd992b785。 #opbnb
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Why should UNISWAP coin be in your portfolio?"Uniswap: Leading the Charge in the World of Decentralized ExchangesThe decentralized exchange (DEX) Uniswap has recently achieved a significant milestone, recording an astounding all-time high trading volume of over $100 billion in October. This achievement signifies a remarkable trend that extends beyond just growth – it's about Uniswap surpassing established centralized exchanges such as Coinbase.Uniswap's Dominance in the DEX SectorIn October, Uniswap reached an all-time high with trading volumes exceeding $100 billion. But this isn't just a one-time wonder; it's part of a larger movement highlighting the increasing preference for decentralized exchanges over their centralized counterparts.In the second quarter of 2023, Uniswap dominated the DEX landscape, accounting for a remarkable 66.1% of the total spot trading volume among DEXs. This impressive presence underscores Uniswap's central role in elevating the DEX market, which recorded a cumulative trading volume of $189 billion in the same quarter.Uniswap vs. Coinbase: A Changing LandscapeComparing Uniswap's performance to Coinbase throughout 2023 illustrates a dynamic shift. In Q2 of 2023, Uniswap facilitated approximately $110 billion in trades, outpacing Coinbase, which trailed at nearly $90 billion. The previous quarter showed a similar trend, with Uniswap leading at $155 billion against Coinbase's $145 billion.Innovation and Community EngagementUniswap's success goes beyond trading volumes. The platform is continually enhancing its features. The upcoming Uniswap v4 will introduce "hooks," allowing for greater customization in liquidity pools. Moreover, Uniswap is streamlining its pools within a single contract to optimize gas usage.Additionally, Uniswap is expanding its reach by launching a closed beta Android version of its wallet, with open-source code expected soon. However, not everything has been smooth sailing. Uniswap recently adjusted its swap fees to 0.15%, sparking mixed reactions in the community and contributing to the recent price drop of the UNI token.Rising Adoption and Volume in DEXsUniswap's achievements are part of a broader trend in the world of DEXs. Several factors are driving this surge, from increased regulatory scrutiny to improved user experiences and greater control over personal funds.The user experience on DEXs has notably improved, especially when it comes to swapping assets. With the maturation of cross-chain technology, decentralized platforms are becoming more secure, transparent, and user-friendly. Transactions can occur without the involvement of a centralized entity, aligning perfectly with the ethos of decentralization.Furthermore, tightening regulations for centralized exchanges (CEXs) have been evident in recent actions by regulatory bodies like the SEC against platforms such as Binance and Coinbase. In response to these developments, trading volumes on DEXs have surged. Users are increasingly gravitating towards decentralized trading platforms, which are generally perceived as less susceptible to regulatory actions.Innovation and ControlInnovation plays a pivotal role in the growing adoption of DEXs. These platforms focus on offering better pricing and lower gas fees, among other user-centric features. By addressing issues related to liquidity, user experience, and market fragmentation, DEXs are becoming increasingly appealing to traders and investors.One of the most significant advantages DEXs hold over CEXs is the control they give users over their own funds. Decentralization is a fundamental principle of blockchain technology, and DEXs embody this fully. Users can manage their assets without needing to trust them to a third party, in stark contrast to the custodial nature of centralized platforms.In ConclusionThe surge in trading volumes and the growing adoption of decentralized exchanges like Uniswap are the result of a combination of factors. While centralized exchanges are far from becoming obsolete, the current trends paint a picture of a dynamic and evolving cryptocurrency trading landscape where the role of DEXs is increasingly significant. As Uniswap's performance demonstrates, the future of trading might be decentralized.#crypto2023 #uniswap #ETH #cryptocurrency #opbnb

Why should UNISWAP coin be in your portfolio?"

Uniswap: Leading the Charge in the World of Decentralized ExchangesThe decentralized exchange (DEX) Uniswap has recently achieved a significant milestone, recording an astounding all-time high trading volume of over $100 billion in October. This achievement signifies a remarkable trend that extends beyond just growth – it's about Uniswap surpassing established centralized exchanges such as Coinbase.Uniswap's Dominance in the DEX SectorIn October, Uniswap reached an all-time high with trading volumes exceeding $100 billion. But this isn't just a one-time wonder; it's part of a larger movement highlighting the increasing preference for decentralized exchanges over their centralized counterparts.In the second quarter of 2023, Uniswap dominated the DEX landscape, accounting for a remarkable 66.1% of the total spot trading volume among DEXs. This impressive presence underscores Uniswap's central role in elevating the DEX market, which recorded a cumulative trading volume of $189 billion in the same quarter.Uniswap vs. Coinbase: A Changing LandscapeComparing Uniswap's performance to Coinbase throughout 2023 illustrates a dynamic shift. In Q2 of 2023, Uniswap facilitated approximately $110 billion in trades, outpacing Coinbase, which trailed at nearly $90 billion. The previous quarter showed a similar trend, with Uniswap leading at $155 billion against Coinbase's $145 billion.Innovation and Community EngagementUniswap's success goes beyond trading volumes. The platform is continually enhancing its features. The upcoming Uniswap v4 will introduce "hooks," allowing for greater customization in liquidity pools. Moreover, Uniswap is streamlining its pools within a single contract to optimize gas usage.Additionally, Uniswap is expanding its reach by launching a closed beta Android version of its wallet, with open-source code expected soon. However, not everything has been smooth sailing. Uniswap recently adjusted its swap fees to 0.15%, sparking mixed reactions in the community and contributing to the recent price drop of the UNI token.Rising Adoption and Volume in DEXsUniswap's achievements are part of a broader trend in the world of DEXs. Several factors are driving this surge, from increased regulatory scrutiny to improved user experiences and greater control over personal funds.The user experience on DEXs has notably improved, especially when it comes to swapping assets. With the maturation of cross-chain technology, decentralized platforms are becoming more secure, transparent, and user-friendly. Transactions can occur without the involvement of a centralized entity, aligning perfectly with the ethos of decentralization.Furthermore, tightening regulations for centralized exchanges (CEXs) have been evident in recent actions by regulatory bodies like the SEC against platforms such as Binance and Coinbase. In response to these developments, trading volumes on DEXs have surged. Users are increasingly gravitating towards decentralized trading platforms, which are generally perceived as less susceptible to regulatory actions.Innovation and ControlInnovation plays a pivotal role in the growing adoption of DEXs. These platforms focus on offering better pricing and lower gas fees, among other user-centric features. By addressing issues related to liquidity, user experience, and market fragmentation, DEXs are becoming increasingly appealing to traders and investors.One of the most significant advantages DEXs hold over CEXs is the control they give users over their own funds. Decentralization is a fundamental principle of blockchain technology, and DEXs embody this fully. Users can manage their assets without needing to trust them to a third party, in stark contrast to the custodial nature of centralized platforms.In ConclusionThe surge in trading volumes and the growing adoption of decentralized exchanges like Uniswap are the result of a combination of factors. While centralized exchanges are far from becoming obsolete, the current trends paint a picture of a dynamic and evolving cryptocurrency trading landscape where the role of DEXs is increasingly significant. As Uniswap's performance demonstrates, the future of trading might be decentralized.#crypto2023 #uniswap #ETH #cryptocurrency #opbnb
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LSDFi public chain Tenet Protocol launches public betaLSDFi public chain Tenet Protocol announced the launch of its public testnet phase. #opbnb

LSDFi public chain Tenet Protocol launches public beta

LSDFi public chain Tenet Protocol announced the launch of its public testnet phase.
#opbnb
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Bitget daily market information: BAKE rose 44.51% in 24 hoursOn December 25th, according to Bitget's market data, the leading sectors were Optimism, Layer2, and storage concept sectors, with VELO up 16.92% in the past 24 hours, METS up 24.62% in the past 24 hours, and DENT up 11.73% in the past 24 hours.As of press time, the global cryptocurrency 24-hour trading volume was 64.9 billion US dollars, with BTC accounting for 50.87%. The top three coins on the real-time gain list are BOND, MOVR, and BAKE. #opbnb

Bitget daily market information: BAKE rose 44.51% in 24 hours

On December 25th, according to Bitget's market data, the leading sectors were Optimism, Layer2, and storage concept sectors, with VELO up 16.92% in the past 24 hours, METS up 24.62% in the past 24 hours, and DENT up 11.73% in the past 24 hours.As of press time, the global cryptocurrency 24-hour trading volume was 64.9 billion US dollars, with BTC accounting for 50.87%. The top three coins on the real-time gain list are BOND, MOVR, and BAKE.
#opbnb
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The entire network liquidated $749 million in the past 24 hours, and BTC’s market share rose to 51%According to CoinGecko data, the total market value of cryptocurrencies is $23.74 trillion, with a 24-hour increase of 5.7%. In addition, BTC market share is 51% and ETH market share is 17.1%. According to Coinglass data, in the past 24 hours, there have been liquidations of $749 million across the network, with short positions liquidated at $405 million and long positions liquidated at $344 million. Bitcoin liquidations amounted to $292 million and ETH liquidations amounted to $122 million. #opbnb

The entire network liquidated $749 million in the past 24 hours, and BTC’s market share rose to 51%

According to CoinGecko data, the total market value of cryptocurrencies is $23.74 trillion, with a 24-hour increase of 5.7%. In addition, BTC market share is 51% and ETH market share is 17.1%.
According to Coinglass data, in the past 24 hours, there have been liquidations of $749 million across the network, with short positions liquidated at $405 million and long positions liquidated at $344 million. Bitcoin liquidations amounted to $292 million and ETH liquidations amounted to $122 million.
#opbnb
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Web3 游戏领域 NFT 市场 Aqua 已正式停止运营专注于Web3游戏领域的NFT市场Aqua官方宣布已正式停止运营,曾担任前Facebook副总裁的Aqua首席执行官Sean Ryan在一封公开信中称,Aqua成立之初与Immutable和Polygon Labs等区块链公司达成合作,旨在为游戏开发者和提供一个游戏NFT市场以及白手套嵌入式解决方案,但由于Web3游戏行业整体增长未达预期,同时该公司在融资方面遇到困难,因此做出了停止运营的决定。 #opbnb

Web3 游戏领域 NFT 市场 Aqua 已正式停止运营

专注于Web3游戏领域的NFT市场Aqua官方宣布已正式停止运营,曾担任前Facebook副总裁的Aqua首席执行官Sean Ryan在一封公开信中称,Aqua成立之初与Immutable和Polygon Labs等区块链公司达成合作,旨在为游戏开发者和提供一个游戏NFT市场以及白手套嵌入式解决方案,但由于Web3游戏行业整体增长未达预期,同时该公司在融资方面遇到困难,因此做出了停止运营的决定。
#opbnb
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加密投资骗局Hyperverse疑似的CEO疑似并不存在 Hyperverse加密货币投资计划近日崩溃,有报道指出其CEO可能并不存在。该骗局曝光后,涉及Hyperverse运营和信誉的问题受到审查。CEO的真实性问题引发了对Hyperverse整体运作和可信度的关注和质疑。(bitcoin.com) #opbnb

加密投资骗局Hyperverse疑似的CEO疑似并不存在

Hyperverse加密货币投资计划近日崩溃,有报道指出其CEO可能并不存在。该骗局曝光后,涉及Hyperverse运营和信誉的问题受到审查。CEO的真实性问题引发了对Hyperverse整体运作和可信度的关注和质疑。(bitcoin.com) #opbnb
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A frequent band whale sold 3017 ETH this morning, avoiding the decline and realizing a profit of aboAccording to Chainalysis analyst Yu Jin, a whale who frequently trades ETH in full positions bought 3017 ETH at a price of $3,371 on March 24th and did not sell it in the short term. Instead, they held onto it for 20 days until last night, when they sold the 3017 ETH at a price of $3,396 before the market fell (00:39) and received 10.24 million USDT, successfully avoiding the downturn and making a profit of 74,000 USDT. It is reported that the whale's biggest profit came from buying and holding 3266 ETH from March of last year until March of this year, with a profit of about 6.48 million USDT. #opbnb

A frequent band whale sold 3017 ETH this morning, avoiding the decline and realizing a profit of abo

According to Chainalysis analyst Yu Jin, a whale who frequently trades ETH in full positions bought 3017 ETH at a price of $3,371 on March 24th and did not sell it in the short term. Instead, they held onto it for 20 days until last night, when they sold the 3017 ETH at a price of $3,396 before the market fell (00:39) and received 10.24 million USDT, successfully avoiding the downturn and making a profit of 74,000 USDT. It is reported that the whale's biggest profit came from buying and holding 3266 ETH from March of last year until March of this year, with a profit of about 6.48 million USDT.
#opbnb
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🏧 My Fundamental Traders. NFP Today 🎁Do you want my trading strategy and risk management plan. Leave a comment. ✅Follow Me #opbnb #Layer2 #ETH #crypto2023 #cz $BNB $ETH $BTC
🏧 My Fundamental Traders. NFP Today

🎁Do you want my trading strategy and risk management plan. Leave a comment.

✅Follow Me

#opbnb #Layer2 #ETH #crypto2023 #cz

$BNB $ETH $BTC
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Jack Kong:香港是比特币生态的核心枢纽Nano Labs创始人、香港数码港管理有限公司董事Jack Kong在X平台发文称,香港是比特币生态的核心枢纽,东西方合力推动本轮比特币生态发展,比特币生态会诞生meme之王,一层的繁荣才有二层的机会。 #opbnb

Jack Kong:香港是比特币生态的核心枢纽

Nano Labs创始人、香港数码港管理有限公司董事Jack Kong在X平台发文称,香港是比特币生态的核心枢纽,东西方合力推动本轮比特币生态发展,比特币生态会诞生meme之王,一层的繁荣才有二层的机会。
#opbnb
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A smart money bought 413 million 1CAT coins at the opening, leaving a floating profit of US$210,000 According to the on-chain analyst @ai_9684xtpa, as reported by Jinse Finance, 1CAT had a 10-fold increase in price at the opening. A smart investor, using the trading pair 1CAT/ETH, bought in at the opening and has already made a profit of $200,000. Using Banana Gun, the investor spent 603.13 ETH to buy 413 million 1CAT tokens (worth $1.33 million) at an average cost of $0.003216 per token. Within 40 minutes, the investor sold a total of 317 million tokens, receiving 597.35 ETH and still holding 86.4 million tokens with a profit of $BTC #opbnb

A smart money bought 413 million 1CAT coins at the opening, leaving a floating profit of US$210,000

According to the on-chain analyst @ai_9684xtpa, as reported by Jinse Finance, 1CAT had a 10-fold increase in price at the opening. A smart investor, using the trading pair 1CAT/ETH, bought in at the opening and has already made a profit of $200,000. Using Banana Gun, the investor spent 603.13 ETH to buy 413 million 1CAT tokens (worth $1.33 million) at an average cost of $0.003216 per token. Within 40 minutes, the investor sold a total of 317 million tokens, receiving 597.35 ETH and still holding 86.4 million tokens with a profit of $BTC #opbnb
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Sue(Sui)“ Solara Killer”在9月9月的130%激增,威胁着Lightcoin。SUI是LightCoin的140%激增,是一个类似于层的区块链,可解决可扩展性和速度问题。 #opbnb

Sue(Sui)“ Solara Killer”在9月9月的130%激增,威胁着Lightcoin。

SUI是LightCoin的140%激增,是一个类似于层的区块链,可解决可扩展性和速度问题。 #opbnb
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Research Unlock: An overview of Avalanche DeFi Ecosystem and BOOST Campaign | The BlockDecentralized finance (DeFi) protocols play an integral role in user activity on blockchains today. For example, decentralized exchanges (DEXs) now constitute a significant percentage of overall crypto trading volume and are typically the primary source of user-generated transaction fees for smart contract platforms and their node operators. In 2024, memecoin trading has grown into a dominant driver of user attention and onchain activity, further underscoring the utility of DEXs and other DeFi protocols that provide permissionless access to core financial services. One of the key challenges for DeFi protocols is the retention of user capital, which serves a vital role in the product experience for other users. On DEXs, deep liquidity enables tighter price spreads and lower slippage for trades. On lending protocols, more liquidity means more attractive rates for borrowers and better capital efficiency for lenders. Liquidity also has a self-perpetuating effect; lower trading fees and borrowing costs attract more volume, generating higher yields for liquidity providers (LPs), which in turn attracts more liquidity, further reducing user costs, and so on. Today’s DeFi landscape is more competitive than ever, with different ecosystems constantly vying for liquidity fractured across protocols and blockchains. In this report, we explore the state of the Avalanche AVAX +0.74% DeFi ecosystem, currently bolstered by the Avalanche Foundation’s BOOST campaign intended to incentivize DeFi liquidity throughout the ecosystem. BOOST Campaign The BOOST campaign is an incentive program designed to reward users and LPs across key DeFi protocols in the Avalanche ecosystem. Protocols participating in the program include the DEXs Trader Joe, GMX, and Pharaoh, and WooFi,  the Benqi lending protocols Aave and Benqi, and the DeltaPrime leveraged yield farming protocol. Each protocol manages individual strategies for the distribution of AVAX token incentives provided by the Avalanche Foundation through the BOOST campaign, which began in July 2024 and is expected to last through October. The BOOST campaign is reminiscent of the Avalanche Rush incentive program launched back in August 2021, which played a major role in pushing the Avalanche ecosystem’s TVL to its all-time high (ATH) of ~$11.4 billion in November 2021. Earlier this year, the Avalanche Foundation launched the Memecoin Rush incentive program that specifically targeted memecoin liquidity, whereas the BOOST program is catered more towards improving liquidity for well-established assets like BTC.b, USDC, USDT, etc. As of this writing, TVL on Avalanche sits at ~$980 million, up by ~$137 million since the start of 2024 and down slightly from its year-to-date (YTD) peak of ~$1.27 billion. Since the beginning of July, TVL has risen by ~$249 million for a gain of ~34%, suggesting that the BOOST campaign has had a positive effect on the Avalanche ecosystem’s overall liquidity. TVL is also up by ~22% when denominated in AVAX over this period, implying that the liquidity increase is likely due to an influx of capital rather than the price appreciation of existing liquidity alone. Lending & Yield Aggregation TVL in the Avalanche ecosystem is largely dominated by its two largest lending protocols, Aave V3 and Benqi, which collectively make up ~63% of overall TVL. Aave initially distributed BOOST rewards in select lend/borrow markets for a limited period in late July, which are slated to return in the coming weeks, while Benqi has continued to offer both lender and borrower incentives as of this writing. The effect of these contrasting strategies is clear when comparing TVL growth between the two protocols in recent months. Since the beginning of July, Aave’s TVL has increased by ~34%, while Benqi’s has increased by ~54% over the same period, highlighting the impact of incentives on capturing liquidity. Incentivized liquidity in lending markets can also create a trickle-down effect for yield aggregators and leveraged farming protocols, which typically allow users to further increase their effective yield by borrowing against their incentivized, yield-bearing assets and re-depositing them via automated “looping” strategies. For instance, Yield Yak takes advantage of Benqi’s BOOST participation to maximize native yield from lending, as well as the incentivized yield from both borrowing and lending. As a BOOST partner, DeltaPrime is able to maximize net yields for users even further by offering additional AVAX incentives for depositors in its leveraged farming strategies. This multi-layer incentive structure has been especially beneficial for DeltaPrime, which has seen its TVL grow by ~179% since the start of July as of this writing. It is worth noting that while leveraged farming protocols contribute to deeper liquidity within DeFi ecosystems, they also introduce additional risks for users due to the use of leverage and the integration of multiple protocols, each with its own underlying safety assumptions. Recently, on September 16th, DeltaPrime’s Arbitrum deployment was exploited for ~$6 million due to a private key compromise, incurring losses for users who would have otherwise been unaffected if they had only used the underlying protocols. Thus far, the exploit does not seem to have impacted DeltaPrime on Avalanche, which has a time lock on contract owners as an extra safety feature. DEXs Aside from lending protocols, perhaps the most important sources of liquidity in the Avalanche ecosystem are its DEXs, which are essential for facilitating trading both on the C-Chain and on Avalanche subnets. Trader Joe is the most dominant DEX in the Avalanche ecosystem in terms of both liquidity and volume and is a key participant in the ongoing BOOST program. AVAX rewards are distributed to LPs for select pools on Trader Joe and are adjusted weekly in terms of amount and pool allocation. Based on on-chain data visualized in the chart above, we can see that Trader Joe has distributed an average of ~3082 AVAX, equivalent to ~$75.4K per week in BOOST incentives since the start of the program in early July. This amounts to a total of ~33.9K AVAX, or ~$830k, in incentives distributed to LPs on the platform thus far. Incentives were initially allocated to 13 liquidity pools in the first week of the program and have since been expanded to 19 pools, including stablecoins, wrapped L1 tokens, liquid-staking tokens (LSTs), and long-tail assets. The Trader Joe team’s strategy for the BOOST campaign is centered around incentivizing its concentrated liquidity pools, with rewards only accruing to positions within active price ranges. In theory, this encourages LPs to set tighter price ranges for liquidity, which should result in lower slippage for users as well. Trader Joe’s BOOST incentives are mostly targeted at stablecoin pairs, with the USDT-USDC pool receiving the largest allocation of AVAX for the week of September 16th. The five pools receiving the 2nd-largest allocation for the week include two stablecoin pairs (AUSD-USDT and AUSD-USDC), two BOOST participant token pairs (QI-AVAX and JOE-AVAX), and one memecoin pair (COQ-AVAX). Agora Dollar (AUSD) is a fiat-backed stablecoin launched by the asset-tokenization protocol Agora and has already grown to a market cap of ~$21 million in the Avalanche ecosystem since deploying there on August 27th, thanks in part to its partnership with Trader Joe and Benqi. If we break down Trader Joe’s BOOST distribution further from the perspective of rewards yield, we can see how Trader Joe’s strategy also aims to support the growth of key tokens in the ecosystem that have relatively less liquidity. Start your day with the most influential events and analysis happening across the digital asset ecosystem. Among pools with at least $100K in liquidity (thus excluding low-liquidity memecoins), the AVAX-BTC.b and sAVAX-AVAX pairs are receiving the most incentives relative to pool liquidity for the week of September 16th. This points to a deliberate effort to improve liquidity for liquid-staked AVAX (sAVAX) and Bitcoin (BTC.b) in the Avalanche ecosystem. Overall, the BOOST campaign appears to have been beneficial for liquidity on Trader Joe, with TVL growing by ~$27.3 million since the start of July, for a gain of ~38%. GMX, another popular DEX on Avalanche, has also benefited from its participation in the BOOST campaign over the past ~2.5 months. GMX offers AVAX incentives for 10 liquidity pools on its platform, in addition to reduced trading fees for the duration of the program. Since the start of July, TVL in GMX has grown by ~$16.6 million for a gain of ~32%. One of the smaller exchanges in the Avalanche ecosystem, Pharaoh, has seen an outsized benefit from incentivizing liquidity through the BOOST program. Although its current TVL of ~$15.9 million is several times lower than Trader Joe’s, it has grown by ~$14.3 million for a gain of ~863% since July alone. Pharaoh represents an interesting case where incentives can be especially effective due to the exchange’s lesser popularity in the ecosystem, which likely received a boost from its partnership with the Avalanche Foundation as well. Taking a look at monthly volumes across spot DEXs on Avalanche also reveals that Pharaoh has been able to grow its market share from just ~1.2% in January to a high of ~9.4% in July and ~8.2% in August. As of now, Trader Joe continues to dominate the market in terms of trading volumes, reaching consecutive YTD highs of ~68.4% and ~73.8% in July and August, respectively. Monthly DEX volumes in the Avalanche ecosystem remain well below their March peak of ~$9.3 billion, but August’s total of ~$2.8 billion marks the highest monthly volume since the start of Q2 2024, which can likely be attributed to the BOOST program’s liquidity incentivization beginning in July, at least in part. One DEX that appears to have been negatively impacted by the increased trading volume on Avalanche C-Chain is Dexalot, which runs on its own Avalanche subnet. In June, DEX volumes on Dexalot reached a peak of ~$478 million, surpassing all other DEXs on Avalanche C-Chain with the exception of Trader Joe. With the launch of the BOOST campaign in July, Dexalot’s volumes have since declined noticeably, with a total of ~$398 million in July and ~$195 million in August. In this case, the recent shift in user attention to C-Chain DEXs may have played a role in this decline, which is further exacerbated by the fragmentation of liquidity between C-Chain and the Dexalot subnet. Still, Dexalot’s ability to maintain relatively high DEX volumes in the past few months - with the help of ongoing incentives from the Avalanche Foundation and Benqi - is an indication that subnets may start to play a larger role in the broader Avalanche ecosystem in the future. Stablecoins One final indicator worth examining is the supply of stablecoins in the Avalanche ecosystem. Since the beginning of July, Avalanche’s stablecoin market cap has grown from ~$1.69 billion to ~$2.14 billion as of this writing for a gain of ~27%, or ~$458 million. This growth is a notable sign of new capital inflows to the Avalanche ecosystem, given that USD-backed stablecoins like USDT and USDC are the most common unit of account amongst crypto traders and users in general. As such, stablecoins are also a key component of liquidity in DeFi and serve as a useful indicator of ecosystem stability and user interest. Overall, the Avalanche Foundation’s BOOST program appears to have played an important role in supporting liquidity within the Avalanche ecosystem in recent months based on the metrics discussed in this report. The continued influx of stablecoins - largely consisting of USDT and USDC - only provides further confirmation of the program’s impact. Incentives can be a highly effective way to attract user attention and capital, but the most important factor going forward is whether the Avalanche ecosystem can continue to sustain and grow its overall liquidity, especially if incentives start to wind down over time. As we have seen with protocols like Trader Joe, it will be important for teams to be strategic and adaptive with respect to the amount of incentives given, as well as the assets and users they intend to support with incentives. Ultimately, one of the key goals for the Avalanche ecosystem in the coming months will be to build enough stable liquidity across its many DeFi protocols such that it can become self-reinforcing and conducive to further user growth over the long term. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. #opbnb

Research Unlock: An overview of Avalanche DeFi Ecosystem and BOOST Campaign | The Block

Decentralized finance (DeFi) protocols play an integral role in user activity on blockchains today. For example, decentralized exchanges (DEXs) now constitute a significant percentage of overall crypto trading volume and are typically the primary source of user-generated transaction fees for smart contract platforms and their node operators. In 2024, memecoin trading has grown into a dominant driver of user attention and onchain activity, further underscoring the utility of DEXs and other DeFi protocols that provide permissionless access to core financial services.
One of the key challenges for DeFi protocols is the retention of user capital, which serves a vital role in the product experience for other users. On DEXs, deep liquidity enables tighter price spreads and lower slippage for trades. On lending protocols, more liquidity means more attractive rates for borrowers and better capital efficiency for lenders. Liquidity also has a self-perpetuating effect; lower trading fees and borrowing costs attract more volume, generating higher yields for liquidity providers (LPs), which in turn attracts more liquidity, further reducing user costs, and so on. Today’s DeFi landscape is more competitive than ever, with different ecosystems constantly vying for liquidity fractured across protocols and blockchains. In this report, we explore the state of the Avalanche AVAX
+0.74%
DeFi ecosystem, currently bolstered by the Avalanche Foundation’s BOOST campaign intended to incentivize DeFi liquidity throughout the ecosystem.
BOOST Campaign
The BOOST campaign is an incentive program designed to reward users and LPs across key DeFi protocols in the Avalanche ecosystem. Protocols participating in the program include the DEXs Trader Joe, GMX, and Pharaoh, and WooFi,  the Benqi lending protocols Aave and Benqi, and the DeltaPrime leveraged yield farming protocol. Each protocol manages individual strategies for the distribution of AVAX token incentives provided by the Avalanche Foundation through the BOOST campaign, which began in July 2024 and is expected to last through October.
The BOOST campaign is reminiscent of the Avalanche Rush incentive program launched back in August 2021, which played a major role in pushing the Avalanche ecosystem’s TVL to its all-time high (ATH) of ~$11.4 billion in November 2021. Earlier this year, the Avalanche Foundation launched the Memecoin Rush incentive program that specifically targeted memecoin liquidity, whereas the BOOST program is catered more towards improving liquidity for well-established assets like BTC.b, USDC, USDT, etc. As of this writing, TVL on Avalanche sits at ~$980 million, up by ~$137 million since the start of 2024 and down slightly from its year-to-date (YTD) peak of ~$1.27 billion.

Since the beginning of July, TVL has risen by ~$249 million for a gain of ~34%, suggesting that the BOOST campaign has had a positive effect on the Avalanche ecosystem’s overall liquidity. TVL is also up by ~22% when denominated in AVAX over this period, implying that the liquidity increase is likely due to an influx of capital rather than the price appreciation of existing liquidity alone.
Lending & Yield Aggregation
TVL in the Avalanche ecosystem is largely dominated by its two largest lending protocols, Aave V3 and Benqi, which collectively make up ~63% of overall TVL. Aave initially distributed BOOST rewards in select lend/borrow markets for a limited period in late July, which are slated to return in the coming weeks, while Benqi has continued to offer both lender and borrower incentives as of this writing. The effect of these contrasting strategies is clear when comparing TVL growth between the two protocols in recent months. Since the beginning of July, Aave’s TVL has increased by ~34%, while Benqi’s has increased by ~54% over the same period, highlighting the impact of incentives on capturing liquidity.
Incentivized liquidity in lending markets can also create a trickle-down effect for yield aggregators and leveraged farming protocols, which typically allow users to further increase their effective yield by borrowing against their incentivized, yield-bearing assets and re-depositing them via automated “looping” strategies. For instance, Yield Yak takes advantage of Benqi’s BOOST participation to maximize native yield from lending, as well as the incentivized yield from both borrowing and lending. As a BOOST partner, DeltaPrime is able to maximize net yields for users even further by offering additional AVAX incentives for depositors in its leveraged farming strategies.

This multi-layer incentive structure has been especially beneficial for DeltaPrime, which has seen its TVL grow by ~179% since the start of July as of this writing. It is worth noting that while leveraged farming protocols contribute to deeper liquidity within DeFi ecosystems, they also introduce additional risks for users due to the use of leverage and the integration of multiple protocols, each with its own underlying safety assumptions. Recently, on September 16th, DeltaPrime’s Arbitrum deployment was exploited for ~$6 million due to a private key compromise, incurring losses for users who would have otherwise been unaffected if they had only used the underlying protocols. Thus far, the exploit does not seem to have impacted DeltaPrime on Avalanche, which has a time lock on contract owners as an extra safety feature.
DEXs
Aside from lending protocols, perhaps the most important sources of liquidity in the Avalanche ecosystem are its DEXs, which are essential for facilitating trading both on the C-Chain and on Avalanche subnets. Trader Joe is the most dominant DEX in the Avalanche ecosystem in terms of both liquidity and volume and is a key participant in the ongoing BOOST program. AVAX rewards are distributed to LPs for select pools on Trader Joe and are adjusted weekly in terms of amount and pool allocation.

Based on on-chain data visualized in the chart above, we can see that Trader Joe has distributed an average of ~3082 AVAX, equivalent to ~$75.4K per week in BOOST incentives since the start of the program in early July. This amounts to a total of ~33.9K AVAX, or ~$830k, in incentives distributed to LPs on the platform thus far. Incentives were initially allocated to 13 liquidity pools in the first week of the program and have since been expanded to 19 pools, including stablecoins, wrapped L1 tokens, liquid-staking tokens (LSTs), and long-tail assets. The Trader Joe team’s strategy for the BOOST campaign is centered around incentivizing its concentrated liquidity pools, with rewards only accruing to positions within active price ranges. In theory, this encourages LPs to set tighter price ranges for liquidity, which should result in lower slippage for users as well.

Trader Joe’s BOOST incentives are mostly targeted at stablecoin pairs, with the USDT-USDC pool receiving the largest allocation of AVAX for the week of September 16th. The five pools receiving the 2nd-largest allocation for the week include two stablecoin pairs (AUSD-USDT and AUSD-USDC), two BOOST participant token pairs (QI-AVAX and JOE-AVAX), and one memecoin pair (COQ-AVAX). Agora Dollar (AUSD) is a fiat-backed stablecoin launched by the asset-tokenization protocol Agora and has already grown to a market cap of ~$21 million in the Avalanche ecosystem since deploying there on August 27th, thanks in part to its partnership with Trader Joe and Benqi. If we break down Trader Joe’s BOOST distribution further from the perspective of rewards yield, we can see how Trader Joe’s strategy also aims to support the growth of key tokens in the ecosystem that have relatively less liquidity.
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Among pools with at least $100K in liquidity (thus excluding low-liquidity memecoins), the AVAX-BTC.b and sAVAX-AVAX pairs are receiving the most incentives relative to pool liquidity for the week of September 16th. This points to a deliberate effort to improve liquidity for liquid-staked AVAX (sAVAX) and Bitcoin (BTC.b) in the Avalanche ecosystem. Overall, the BOOST campaign appears to have been beneficial for liquidity on Trader Joe, with TVL growing by ~$27.3 million since the start of July, for a gain of ~38%.

GMX, another popular DEX on Avalanche, has also benefited from its participation in the BOOST campaign over the past ~2.5 months. GMX offers AVAX incentives for 10 liquidity pools on its platform, in addition to reduced trading fees for the duration of the program. Since the start of July, TVL in GMX has grown by ~$16.6 million for a gain of ~32%.

One of the smaller exchanges in the Avalanche ecosystem, Pharaoh, has seen an outsized benefit from incentivizing liquidity through the BOOST program. Although its current TVL of ~$15.9 million is several times lower than Trader Joe’s, it has grown by ~$14.3 million for a gain of ~863% since July alone. Pharaoh represents an interesting case where incentives can be especially effective due to the exchange’s lesser popularity in the ecosystem, which likely received a boost from its partnership with the Avalanche Foundation as well.
Taking a look at monthly volumes across spot DEXs on Avalanche also reveals that Pharaoh has been able to grow its market share from just ~1.2% in January to a high of ~9.4% in July and ~8.2% in August. As of now, Trader Joe continues to dominate the market in terms of trading volumes, reaching consecutive YTD highs of ~68.4% and ~73.8% in July and August, respectively.

Monthly DEX volumes in the Avalanche ecosystem remain well below their March peak of ~$9.3 billion, but August’s total of ~$2.8 billion marks the highest monthly volume since the start of Q2 2024, which can likely be attributed to the BOOST program’s liquidity incentivization beginning in July, at least in part. One DEX that appears to have been negatively impacted by the increased trading volume on Avalanche C-Chain is Dexalot, which runs on its own Avalanche subnet.

In June, DEX volumes on Dexalot reached a peak of ~$478 million, surpassing all other DEXs on Avalanche C-Chain with the exception of Trader Joe. With the launch of the BOOST campaign in July, Dexalot’s volumes have since declined noticeably, with a total of ~$398 million in July and ~$195 million in August. In this case, the recent shift in user attention to C-Chain DEXs may have played a role in this decline, which is further exacerbated by the fragmentation of liquidity between C-Chain and the Dexalot subnet. Still, Dexalot’s ability to maintain relatively high DEX volumes in the past few months - with the help of ongoing incentives from the Avalanche Foundation and Benqi - is an indication that subnets may start to play a larger role in the broader Avalanche ecosystem in the future.
Stablecoins
One final indicator worth examining is the supply of stablecoins in the Avalanche ecosystem. Since the beginning of July, Avalanche’s stablecoin market cap has grown from ~$1.69 billion to ~$2.14 billion as of this writing for a gain of ~27%, or ~$458 million.

This growth is a notable sign of new capital inflows to the Avalanche ecosystem, given that USD-backed stablecoins like USDT and USDC are the most common unit of account amongst crypto traders and users in general. As such, stablecoins are also a key component of liquidity in DeFi and serve as a useful indicator of ecosystem stability and user interest. Overall, the Avalanche Foundation’s BOOST program appears to have played an important role in supporting liquidity within the Avalanche ecosystem in recent months based on the metrics discussed in this report. The continued influx of stablecoins - largely consisting of USDT and USDC - only provides further confirmation of the program’s impact.
Incentives can be a highly effective way to attract user attention and capital, but the most important factor going forward is whether the Avalanche ecosystem can continue to sustain and grow its overall liquidity, especially if incentives start to wind down over time. As we have seen with protocols like Trader Joe, it will be important for teams to be strategic and adaptive with respect to the amount of incentives given, as well as the assets and users they intend to support with incentives. Ultimately, one of the key goals for the Avalanche ecosystem in the coming months will be to build enough stable liquidity across its many DeFi protocols such that it can become self-reinforcing and conducive to further user growth over the long term.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
#opbnb
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Greek.live:受BTC创年内新高影响,BTC和ETH大宗交易恢复火热 据Greeks.live宏观研究员Adam于X平台发文表示:“受今日BTC创年内新高影响,BTC和ETH大宗交易恢复火热,今日大宗成交占比超4成,总名义价值超10亿美元。其中纯买入占比最高,大户再度重燃了牛市信心。但值得注意的是,IV没有明显增长,本次行情的持续性可能不够。” #opbnb

Greek.live:受BTC创年内新高影响,BTC和ETH大宗交易恢复火热

据Greeks.live宏观研究员Adam于X平台发文表示:“受今日BTC创年内新高影响,BTC和ETH大宗交易恢复火热,今日大宗成交占比超4成,总名义价值超10亿美元。其中纯买入占比最高,大户再度重燃了牛市信心。但值得注意的是,IV没有明显增长,本次行情的持续性可能不够。”
#opbnb
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特斯拉会重蹈亨利-福特的覆辙吗?注意到投资杂志上的一篇文章称,特斯拉的埃隆-马斯克正在重蹈亨利-福特的覆辙。 #opbnb

特斯拉会重蹈亨利-福特的覆辙吗?

注意到投资杂志上的一篇文章称,特斯拉的埃隆-马斯克正在重蹈亨利-福特的覆辙。 #opbnb
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TD Cowen:加密法案陷入政治僵局的风险加大,不应抱有过高期望 投资银行 TD Cowen 分析师呼吁对明年美国加密立法的通过抱有更现实的期望。 TD Cowen 华盛顿研究集团金融服务董事总经理 Jaret Seiberg 表示,加密货币市场结构法案 FIT21 和参议院农业委员会法案陷入政治僵局的风险加大。 Seiberg 称:“我们认为这种乐观是错误的,因为我们相信今年两项法案的投票前景都在下降。明年,这些法案在政治上受阻的风险越来越大,无论选举结果如何,我们对明年的选举结果也持怀疑态度。这是因为两党都希望在最终为行业带来效益之前获得更多的捐款。” Seiberg 指出,尽管加密社区“积极地做出政治贡献”,但上述情况仍可能会发生。他引用了非营利组织 Public Citizen 最近的一份报告,该报告显示,今年加密公司提供了 1.19 亿美元(约占企业政治捐款的 48%),其中以加密为重点的 Fairshake PAC 也获得了 9500 万美元的捐款。(The Block) #opbnb

TD Cowen:加密法案陷入政治僵局的风险加大,不应抱有过高期望

投资银行 TD Cowen 分析师呼吁对明年美国加密立法的通过抱有更现实的期望。
TD Cowen 华盛顿研究集团金融服务董事总经理 Jaret Seiberg 表示,加密货币市场结构法案 FIT21 和参议院农业委员会法案陷入政治僵局的风险加大。
Seiberg 称:“我们认为这种乐观是错误的,因为我们相信今年两项法案的投票前景都在下降。明年,这些法案在政治上受阻的风险越来越大,无论选举结果如何,我们对明年的选举结果也持怀疑态度。这是因为两党都希望在最终为行业带来效益之前获得更多的捐款。”
Seiberg 指出,尽管加密社区“积极地做出政治贡献”,但上述情况仍可能会发生。他引用了非营利组织 Public Citizen 最近的一份报告,该报告显示,今年加密公司提供了 1.19 亿美元(约占企业政治捐款的 48%),其中以加密为重点的 Fairshake PAC 也获得了 9500 万美元的捐款。(The Block) #opbnb
ترجمة
Montenegrin court cancels Do Kwon's extradition approvalAccording to market news, the Montenegro court cancelled Do Kwon's extradition approval. #opbnb

Montenegrin court cancels Do Kwon's extradition approval

According to market news, the Montenegro court cancelled Do Kwon's extradition approval.
#opbnb
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صاعد
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Hey! So according to Cointelegraph, Bitcoin is facing some resistance around $38,000, which is similar to what happened in the first quarter of 2023. It seems like the big players, known as whale entities, are getting involved again. Analysts are keeping a close eye on the order book data for any signs of a "Notorious B.I.D."-like presence. #BTC #opbnb #ordinals
Hey! So according to Cointelegraph, Bitcoin is facing some resistance around $38,000, which is similar to what happened in the first quarter of 2023. It seems like the big players, known as whale entities, are getting involved again. Analysts are keeping a close eye on the order book data for any signs of a "Notorious B.I.D."-like presence.
#BTC #opbnb #ordinals
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