DeFi Data
1. Total market value of DeFi tokens: $87.627 billion
DeFi total market value Data source: coingecko
2. The transaction volume of decentralized exchanges in the past 24 hours was US$3.475 billion
The transaction volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $97.293 billion
The top ten rankings of DeFi projects with locked assets and locked-in amounts. Data source: defillama
NFT Data
1. Total NFT market value: $35.107 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
2. 24-hour NFT trading volume: $2.14 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
3. Top NFTs in 24 hours
Top 10 NFTs with the highest sales growth in 24 hours Data source: NFTGO
Headlines
South Korea’s first cryptocurrency law takes full effect
South Korea's first cryptocurrency regulatory framework is now in full effect, with a focus on ensuring the safety of cryptocurrency investors, Golden Finance reported. The new law, the Virtual Asset User Protection Act, was officially approved on July 18, 2024, and was given a one-year grace period to refine regulatory details. The bill imposes stricter requirements on digital asset exchanges, and service providers in South Korea are now legally obliged to store at least 80% of user cryptocurrency deposits in cold wallets separate from their own funds. Exchanges must also entrust users' cash deposits to local licensed banks for safekeeping and maintain cryptocurrency reserves equal to the amount and type of customer deposits. In addition, crypto services in South Korea must now take out adequate insurance or establish reserve funds to deal with hacker attacks or liquidity crises.
NFT Hot Spots
1.2024Q2 Crypto Industry Report: DeFi market value fell by 20.7%, and NFT transaction volume fell by 31.8% month-on-month
Golden Finance reported that in the second quarter of 2024, the total market value of the cryptocurrency market was $2.43 trillion, down 14.4% from the first quarter, but is working to grow or at least maintain its level. Bitcoin mining computing power reached a new historical high of 721 million TH/s, but fell 18.8% overall in the second quarter of 2024. The total market value of the DeFi market fell 20.7%, but after the U.S. Securities and Exchange Commission approved the spot ETH ETF, the DeFi industry was pushed back above $100 billion. NFT transaction volume fell 31.8% month-on-month, while Layer 2 adoption increased 37.7% month-on-month.
DeFi Hotspot
1. ZK hardware acceleration project Cysic will launch an incentive test network at the end of the month
On July 19, Cysic, a zero-knowledge (ZK) hardware acceleration project, announced that it will officially launch its incentive testnet at the end of July. The Cysic incentive testnet will be divided into different stages, with batches of access to validator nodes and prover nodes to provide computing power for the Cysic network to support ZKP generation and verification. In each stage, Cysic will release a limited number of free nodes as community incentives.
2. Zeta Markets: Due to the upgrade of RNDR to RENDER (SPL), it is planned to suspend the trading of related assets on July 22
On July 19, Zeta Markets announced on the X platform that due to the upgrade of RNDR (ERC-20) to RENDER (SPL) and the delisting on several CEXs, it plans to suspend the trading of related assets at 9 am UTC on July 22. All open positions of RNDR-PERP will be settled according to the PYTH oracle price at that time: - If you choose to keep your position unchanged, the unrealized profit and loss will be automatically converted to realized profit and loss (settled in USDC) when the trading is suspended. - Alternatively, you can choose to close your RNDR position before the suspension time. The relisting of RENDER-PERP is planned to be released through an announcement.
3. Avail will be launched on the mainnet on July 23
Golden Finance reported that the modular blockchain project Avail stated on the social platform that it will launch the mainnet on July 23.
4. Multi-chain DEX ZKEX completes $2.5 million seed round financing, with participation from Distributed Capital and others
On July 19, multi-chain DEX ZKEX announced the completion of a $2.5 million seed round of financing, with participation from Fenbushi Capital, KKXVC, RockTree Capital, NGC Ventures, L2 Iterative Ventures, Crypto.com Capital, IDG Blockchain, Whale Ground, Moonhill Capital, Blocklabs Capital, Optic Capital, Hyperithm Group and G20 Group. The new funds will support the launch of mobile applications and Telegram robots and other services in the next quarter.
5. Scroll Ecosystem Lending Platform Rho Markets May Have Been Attacked by Hackers
Golden Finance reported that Scroll Ecosystem lending platform Rho Markets posted on X Platform: “We have detected unusual activity on the platform and are currently investigating. During this period, we will suspend the platform and keep the community informed of the progress of the investigation. Once everything returns to normal, the platform function will be enabled again.”
Game Hotspot
1. Oasys releases the most anticipated and popular blockchain game in 2024
On July 19, the public game chain Oasys published a statement on its official website that Oasys is working to create an immersive new Web3 gaming reality, combining the excitement of traditional popular games with the rewards and scalability of blockchain technology to create a new model for gamers and cryptocurrency enthusiasts. Here, Oasy will introduce the most anticipated and popular blockchain games on Oasys in 2024, and how they will push the gaming industry to new heights. In addition, Oasys said that it has launched the "Enter OASYS-VERSE" campaign in cooperation with 10 Verses and multiple games to increase loyalty, encourage vitality and stimulate repeat participation. The event aims to help promote the development of the Oasys ecosystem and is essential to shaping future community-driven plans on Oasys, balancing user engagement and cultivating a real long-term interest in blockchain games. Oasys said that some exciting Web3 games will be launched in the next few months, bringing blockchain games closer to mainstream applications.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and is not intended as actual investment advice. Please establish a correct investment philosophy and be sure to raise your risk awareness.
