DeFi Data
1. Total DeFi Token Market Cap: $125.111 billion
Total DeFi Market Cap Data Source: Coingecko
2. Trading volume on decentralized exchanges in the past 24 hours: $26.355 billion
Trading volume on decentralized exchanges in the past 24 hours Data Source: Coingecko
3. Locked assets in DeFi: $126.155 billion
Top ten DeFi projects by locked assets and their locked amounts Data Source: Defillama
NFT Data
1. Total NFT Market Cap: $46.228 billion
Total NFT market cap and top ten projects by market cap Data Source: Coinmarketcap
2. NFT trading volume in the last 24 hours: $12.173 billion
Total NFT market cap and top ten projects by market cap Data Source: Coinmarketcap
3. Top NFTs in the last 24 hours
Top ten NFTs by sales increase in the last 24 hours Data Source: NFTGO
Headline
Political disputes in South Korea escalate, President Yoon Suk-yeol announces 'emergency martial law' late at night.
South Korean President Yoon Suk-yeol suddenly made a televised speech tonight, announcing the implementation of 'emergency martial law'. Yoon listed several reasons, stating that the opposition party is disrupting the country and that he will eradicate 'anti-state forces' in South Korea. Specific martial law measures are currently unknown. Analysts suggest that recent legislative pushes against the president's wife and impeachment of public officials by the opposition party may be the trigger for Yoon's announcement of 'emergency martial law'. (CCTV International News)
DeFi Hotspots
1. The Blast community proposed to repurchase BLAST tokens with $36 million in annual profits.
The community of the Ethereum Layer 2 network Blast has released a proposal titled 'Repurchase BLAST tokens and earn profits', stating that Blast has a narrative issue that needs to be addressed by focusing on the price. The proposal suggests converting profits into BLAST tokens and using these profits through repurchases. Depositors will retain the full value of their profits: they will not receive ETH or USDB, but will immediately receive liquid BLAST tokens. The proposal notes that currently, there are $1.2 billion in profit assets on Blast L2. The conservative estimated annual yield is 3%, which can generate $36 million annually for purchasing BLAST on the open market, equivalent to about $100,000 in bids per day. At current prices, this bidding would cause a daily price fluctuation of +4.8%.
It is reported that this proposal will lead to an annual buying pressure of $36 million on $BLAST tokens, and will also make user acquisition and engagement campaigns more effective, thus recalling users/builders and initiating another growth flywheel, laying the foundation for the release of mobile applications.
2. Ancient8 announces it has received funding from the Optimism Governance Fund, intending to empower developers and build an on-chain gaming ecosystem.
Blockchain gaming guilds and communities, GameFi infrastructure developer Ancient8 announced it has received a grant from the Optimism Governance Fund, with the specific amount not disclosed. The new funding aims to propel it into a construction acceleration phase and utilize the interoperability provided by Superchain to establish an innovative ecosystem composed of developers, gamers, and creators, fostering cultural connections between gamers, developers, and creators to encourage community contributions.
3. Arbitrum became the first L2 on the Uniswap protocol to exceed $20 billion in trading volume in a month.
According to data released by Uniswap Labs, Arbitrum became the first L2 on the Uniswap protocol to exceed $20 billion in trading volume in a month.
Gaming Hotspots
1. Ancient8 announces it has received funding from the Optimism Governance Fund, intending to empower developers and build an on-chain gaming ecosystem.
Blockchain gaming guilds and communities, GameFi infrastructure developer Ancient8 announced it has received a grant from the Optimism Governance Fund, with the specific amount not disclosed. The new funding aims to propel it into a construction acceleration phase and utilize the interoperability provided by Superchain to establish an innovative ecosystem composed of developers, gamers, and creators, fostering cultural connections between gamers, developers, and creators to encourage community contributions.
2. Web3 gaming platform Portal launches a cross-chain crypto game center and wallet.
Web3 gaming platform Portal launches a cross-chain crypto game center and wallet. The Portal Wallet supports 20 Ethereum Virtual Machine (EVM) chains, including Immutable, Ronin, and Xai game chains, as well as Ethereum itself and general scalability networks like Arbitrum and Base. This wallet aims to help solve interoperability issues between chains.
NFT Hotspots
1. RTFKT's NFT series Clone X floor price drops below 0.3 ETH, with a daily drop exceeding 65%.
According to Magic Eden market data, RTFKT's NFT series Clone X floor price drops below 0.3 ETH, currently reported at 0.29 ETH, with a daily drop of 65.01%.
Previously reported, RTFKT, a subsidiary of Nike, announced it will gradually shut down operations.
2. RTFKT, a subsidiary of Nike, announces it will gradually shut down operations.
RTFKT, a subsidiary of Nike, announced on the X platform that it will gradually shut down operations, with its Web3 services ending by the end of January 2025. It is reported that RTFKT plans to launch an updated website showcasing groundbreaking works defining the RTFKT journey. Before the transition period of this operational shutdown, RTFKT will unveil another innovation in December this year: MNLTH X, using BLADE DRoP, committed to breaking boundaries and merging worlds. Other information regarding specific collections, websites, and services will be communicated through its Discord and official channels.
Disclaimer: Jinse Finance, as a blockchain information platform, publishes articles for informational reference only and does not constitute actual investment advice. Everyone should establish a correct investment concept and raise risk awareness.
