DeFi Data

1. Total market value of DeFi tokens: $67.021 billion

DeFi total market value Data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was US$4.471 billion

The transaction volume of decentralized exchanges in the past 24 hours. Data source: coingecko

3. Assets locked in DeFi: $79.626 billion

The top ten rankings of DeFi projects with locked assets and locked-in amounts. Data source: defillama

NFT Data

1. NFT total market value: US$22.999 billion

NFT total market value, top ten projects by market value Data source: Coinmarketcap

2. 24-hour NFT trading volume: $1.582 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

Ripple and SEC reach agreement to suspend $125 million judgment, hinting at possible appeal

Golden Finance reported that Ripple Labs' legal team requested a suspension of the $125 million fine awarded on August 7, 2023, and the SEC has agreed to postpone payment until after September 6. Ripple proposed to deposit 111% of the judgment amount (about $139 million) into a bank account until the end of the appeal period or the outcome of the appeal is determined. This move may foreshadow that the SEC will appeal. Ripple CEO Brad Garlinghouse called the ruling a "victory" and the company said it would "respect" the fine. The case is presided over by Judge Analisa Torres. If appealed, it will mean that Ripple's dispute with the SEC has not been resolved. The SEC has accused Ripple of raising funds for XRP as an unregistered security. The judge previously ruled that the sale of XRP on the exchange does not constitute a security. XRP is currently priced at $0.56, up about 0.15% in the past 30 days.

DeFi Hotspot

1. Eigen Layer launches the second season of staking airdrops, distributing 86 million tokens

Golden Finance reported that Mysten Labs co-founder Adeniyi Abiodun said that research on using radio waves to provide offline encrypted transactions has been completed, enabling the Sui blockchain to transmit transactions using only underwater waves and long-distance radio, and even compress transactions into smaller text messages.

2. The Ethereum Foundation research team will hold a Reddit AMA at 21:00 tonight. Questions are now open.

On September 5, the Ethereum Foundation research team will hold a Reddit AMA at 21:00 Beijing time tonight. Researchers will answer various questions raised by the community on the relevant homepage. This is the 12th official AMA in the history of the team. The last time the team held an AMA was in January this year (before the Cancun upgrade). Note: This AMA is conducted in text form on the Reddit platform. Questions are now open for comments. As of press time, there are 76 question comments (including questions that foundation staff have moved from other social media).

3. Cosmos Hub may launch an application chain creation platform

On September 5, the official Twitter account of Cosmos Hub said, "Get ready for big news! It's coming soon." The picture accompanying the tweet reads, "FORGE, the application chain creation platform."

4. Aptos launches new consensus protocol Raptr

On September 5, Alexander Spiegelman, head of research at Aptos Labs, announced that Aptos has launched a new consensus protocol, Raptr. Raptr combines the main DAG (directed acyclic graph) technology to unlock high TP while retaining the best theoretical latency. He said that the team will deploy Raptr in two phases, and the first phase will be launched soon.

5. Aptos launches new consensus protocol Raptr

On September 5, Alexander Spiegelman, head of research at Aptos Labs, announced that Aptos has launched a new consensus protocol, Raptr. Raptr combines the main DAG (directed acyclic graph) technology to unlock high TP while retaining the best theoretical latency. He said that the team will deploy Raptr in two phases, and the first phase will be launched soon.

6. Report: L1 blockchain will slow down in 2024 due to reduced activity

Golden Finance reported that in 2024, on-chain and market activities of the first-layer (L1) blockchain networks, including Ethereum, Solana and Bitcoin, all dropped significantly. CoinMetrics researchers Tanay Ved and Matías Andrade highlighted the challenges facing these networks as total fees and token performance fell below their highs at the beginning of the year. According to a report by CoinMetrics researchers Tanay Ved and Matías Andrade, the first-layer (L1) blockchain performed strongly in early 2024 but has since lost momentum. Data shows that the year-to-date returns of most L1 tokens have fallen below 50%, and the decline in trading volume has led to a decline in total fees.

Game Hotspot

1. Gate Ventures invests in Japanese Web3 gaming giant doublejump.tokyo

On September 5, Gate Ventures announced that it has made a strategic investment in double jump.tokyo Inc., a top Japanese Web3 game company, as part of a $10 million financing round led by SBI Investment. This important investment demonstrates Gate Ventures' firm commitment to promoting the development of blockchain technology and the Web3 game ecosystem globally. The Series D financing was led by SBI Investment and attracted participation from industry leaders such as Sony Group Corporation, Taisu Ventures, and Kitadenshi Inc. The funds will help double jump.tokyo further develop and support blockchain games, blockchain infrastructure, and related services, and strengthen the company's organizational structure and talent base. Since its establishment in 2018, double jump.tokyo has been leading the trend of blockchain game development. Thanks to the support of Gate Ventures, double jump.tokyo plans to expand its innovation in joint game development and infrastructure improvement. Gate Ventures is confident that this partnership will help double jump.tokyo become a key driver for the large-scale popularization of Web3.

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.