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Wasabi Protocol has raised $3 million to develop its decentralized trading platform. 🟢💰💸 Wasabi, a decentralized platform revolutionizing the leveraged trading of memecoins and NFTs, has secured a $3 million seed funding round. Led by Electric Capital, the investment included participation from a diverse group of prominent backers, including Alliance, Memeland, Spencer Ventures, and several notable figures from the crypto community. This significant influx of capital is set to propel Wasabi's growth and development. The funds will primarily be utilized to expand the team, allowing Wasabi to accelerate the development of its platform and introduce new features to cater to the growing demand for memecoin and NFT trading tools. What sets Wasabi apart is its innovative approach to leveraged trading. Unlike traditional perpetual decentralized exchanges that rely on market makers for price feeds, Wasabi leverages actual assets, minimizing counterparty risk and enhancing the security of the platform for users. This unique approach has already proven successful, with Wasabi experiencing rapid growth since its launch. The platform has facilitated over $500 million in trading volume and boasts a community of over 18,000 traders. Its total value locked (TVL) has exceeded $111 million, and the platform serves over 66,000 liquidity providers. The fresh funding will enable Wasabi to further solidify its position in the burgeoning DeFi space. The company plans to focus on expanding its team, hiring talented individuals across various domains, including smart contract engineering, back-end development, quantitative analysis, and operations. With its strong financial backing, innovative technology, and growing user base, Wasabi is well-positioned to become a leading player in the memecoin and NFT trading space. The platform's commitment to providing secure, efficient, and user-friendly tools is expected to drive further adoption and cement its place as a key player in the evolving landscape of decentralized finance. #Wasabi #WasabiProtocol #ElectricCapital #NFT

TON DeFi's explosive rise is dazzling. 🔥💎👀 The first quarter of 2024 was a period of remarkable growth and innovation for the TON DeFi ecosystem. Total Value Locked (TVL) experienced a staggering sevenfold increase, driven by a surge in on-chain activity, memecoin mania, and initiatives like The Open League. The Open League program emerged as a significant catalyst for this expansion. By offering boosted farming pools with attractive Annual Percentage Yields (APYs) and competitive rewards, including a Toncoin prize pool, the program incentivized user interaction with TON projects. This, in turn, led to increased activity on decentralized exchanges (DEXs), especially during the memecoin craze. Memecoins, like Notcoin with its massive user base of 35 million, ignited a trading frenzy on TON-based DEXs such as DeDust and STON.fi. Trading volumes reached an impressive peak of $60 million. These DEXs integrated Telegram Mini Apps, streamlining the trading process by allowing users to conduct transactions directly within the Telegram messaging app. Liquid staking remained a dominant force in TON DeFi, with Tonstakers maintaining its stronghold. However, new entrants like Stakee and Whale Liquid gained traction by offering high APYs and minimal fees, attracting Toncoin holders seeking to maximize their returns. The TON DeFi landscape expanded further with the introduction of the Evaa Protocol on the TON Mainnet, adding a new dimension to lending and borrowing activities. Additionally, RedStone entered the scene as the first oracle solution on TON, providing essential external data feeds for smart contracts, enhancing data integrity, and enabling more sophisticated services. Despite critiques of TON's marketing, its substantial growth in TVL, market cap, and active users indicates a bright future. As TON attracts attention and climbs in market cap and user engagement, it is poised to become a major player in DeFi. Ongoing innovation and a thriving community enhance its potential for success. #TON #Toncoin #notcoin #NOT

Chiliz (CHZ) Strengthens as Binance Supports Major Network Upgrade. 🌶️💪🏻 The Chiliz (CHZ) blockchain is getting a makeover, and leading cryptocurrency exchange Binance is all in for the ride. This exciting upgrade aims to enhance speed and user-friendliness across the network, a win-win for both the Chiliz community and the broader crypto ecosystem. 🌶️ What's Happening: On June 17th, 2024, around 07:00 UTC, Chiliz network token deposits and withdrawals will be temporarily paused. Don't worry, trading will continue as usual. Binance is taking charge of the technical side of things, so users can sit back and relax. Normal service will resume as soon as the upgraded network is up and running smoothly. 🌶️ Why It Matter: This move demonstrates Binance's commitment to providing a top-notch user experience. By supporting this Chiliz upgrade, they're ensuring a more efficient and streamlined network for everyone involved. #Chiliz #CHZ #ChilizChain #ChilizNetwork

The Central Bank of Russia announced that the Chinese yuan is Russia's main foreign exchange currency. #Russia #China #Yuan

Which fan token will win #EURO2024 ? It is difficult to say for sure who will win Euro 2024, as football is always full of surprises. However, predictions indicate that teams such as France and Portugal have a high chance in the tournament hosted by Germany. Which national team with fan tokens will perform better in Euro 2024 and why? #POR #ITA #ARG #Fantoken

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