DeFi Data
1. Total market value of DeFi tokens: $87.696 billion
DeFi total market value Data source: coingecko
2. The transaction volume of decentralized exchanges in the past 24 hours was US$4.532 billion
The transaction volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $97.134 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: $34.972 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
2. 24-hour NFT trading volume: $2.91 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
Kaiko: Spot Ethereum ETF may outperform Bitcoin after launch
Golden Finance reported that a new report from Kaiko showed that Ethereum may outperform Bitcoin after the much-anticipated Ethereum exchange-traded fund (ETF) is launched in the United States. The report pointed out that the current price ratio of Ethereum to Bitcoin is 0.05, which is higher than 0.045 before the Securities and Exchange Commission (SEC) approved the spot Ethereum ETF, indicating that the price of Ethereum is rising relative to Bitcoin. The report also emphasized that Ethereum's 1% market depth and exchange reserves are at multi-year lows, which may indicate that there will be a supply shock due to increased institutional demand, pushing ETH prices further up. According to forecasts, the spot Ethereum ETF may be launched before July 23, and institutional investors are expected to attract $10 billion in inflows at a rate of about $1 billion per month. Overall, Kaiko's analysis believes that with the launch of the spot Ethereum ETF, Ethereum may surpass Bitcoin in market performance.
NFT Hot Spots
1. The floor price of Base ecosystem NFT project onchain gaias rises to above 0.4 ETH
According to market information on July 16, the floor price of onchaingaias, a Base ecosystem NFT project, has risen today, and has now risen to 0.4ETH above 0.42ETH, a 24-hour increase of 43.6%. In addition, the transaction volume of onchaingaiasNFT in the past 24 hours reached 11.11ETH, an increase of 3641.3%. onchaingaias is an NFT project launched by KOLciniz, a platform of Warpcast (the front end of Farcaste, a social platform based on Base) in March this year. Initially, 8,888 were minted for free, but due to whitelist issues, the number was reduced to 5,556. Previously, there were reports that the project would launch some kind of tokens and pet NFTs.
2. Ctrip Group’s first NFT series “Trekki” will be officially terminated in August
On July 16, the first NFT series "Trekki" incubated by Ctrip Group announced that it will be officially terminated from August 1, 2024. The development of all Phase 2 functions of Trekki NFT will be terminated, including unfinished functions and future planned functions, such as dividend pools, pledge mechanisms, travel growth mechanisms, travel money-making mechanisms, etc. At the same time, all community operations and cooperation activities related to the Trekki NFT project will also be terminated.
DeFi Hotspot
1. Notcoin: The withdrawal process has been maintained and the test is expected to be completed this week
Golden Finance reported that Notcoin announced on the X platform that it has maintained the withdrawal process and plans to complete the test this week, which means that users should be able to receive Notcoin before Friday. In addition, Notcoin said that the withdrawal fee has been reduced by 3 times, and will promote the realization of real-time on-chain withdrawals in the future.
2. Chainlink Data Feeds are now live on Starknet
Golden Finance reported that the decentralized oracle service Chainlink announced that its DeFi data solution Chainlink Data Feeds is now available on the Starknet mainnet. It is reported that as part of the SCALE program, the Starknet Foundation has borne part of the operating costs for the Chainlink oracle nodes, enabling Starknet developers to access low-cost data sources.
3. StarkWare reveals future plans: Optimizing the Starknet stack and launching Stwo in Q1 2025
Golden Finance reported that StarkWare published an article on X stating that Starknet’s next plans include: - Optimizing the Starknet stack to improve throughput and cost-effectiveness; - Launching Stwo, its next-generation prover, to reduce costs and latency while increasing throughput for all Starknet-driven chains (expected to be launched in the first quarter of 2025); - Continue to work on decentralizing Starknet through staking and governance; - Becoming the first L2 on the Bitcoin and Ethereum chains.
4. Scroll mainnet TVL exceeds 1 billion US dollars, setting a new record
Golden Finance reported that Kakarot, a zk EVM network based on Starknet, published a post on X stating that the Pyth price feed service is now available on the Kakarot test network. Kakarot developers can use the low-latency price feed information provided by Pyth to start building high-performance DApps that utilize real-time high-frequency data.
5. Movement is about to launch a testnet
Golden Finance reported that Ethereum L2 network Movement published a post on X stating that its testnet will be launched soon.
Game Hotspot
1. Korean game developer Delabs Games launches Telegram click game Giga Chad Bat
On July 16, South Korea-based game developer Delabs Games announced the launch of the baseball-themed Telegram click game Giga Chad Bat. Players can earn points through Giga Chad Bat, which can then be converted into GAME tokens.
2.Decentralized cloud gaming protocol DeepLink Protocol has launched Public Sale Phase 4
On July 16, according to official news, the decentralized cloud gaming protocol DeepLink Protocol completed Public Sale Phase 3 on the 13th of this month, raising $900,000 in funds. The project has now started Public Sale Phase 4, which will end on August 5. In Public Sale Phase 1 and Phase 2 in June, funds raised were $1.05 million and $1.2 million, respectively.
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.
