DeFi Data
1. Total market value of DeFi tokens: $69.604 billion
DeFi total market value Data source: coingecko
2. The transaction volume of decentralized exchanges in the past 24 hours was US$3.521 billion
The transaction volume of decentralized exchanges in the past 24 hours. Data source: coingecko
3. Assets locked in DeFi: $85.104 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: $27.047 billion
NFT total market value, top ten projects by market value Data source: Coinmarketcap
2. 24-hour NFT trading volume: $1.814 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
SOL surpasses BNB in market value, becoming the fourth largest cryptocurrency
Golden Finance reported that data showed that SOL has replaced BNB as the fourth largest cryptocurrency by market value. As of press time, SOL's market value is $74,367,983,083, and BNB's market value is $72,341,791,353. SOL is currently trading at $159.58, up 1.6% in 24 hours; BNB is currently trading at $496.12, up 1% in 24 hours. The market is volatile, so please do a good job of risk control.
NFT Hot Spots
1. Trump-themed RTR token controversy caused the NFT series Kanpai Pandas floor price to plummet by 45%
On August 9, the floor price of the NFT series Kanpai Pandas fell sharply after the team was suspected of being involved in promoting a Trump-themed token called "Restore the Republic (RTR)". According to Blur data, the floor price of the NFT series Kanpai Pandas fell 37.44% in 24 hours and 40.13% in the past 7 days. The floor price fell from 0.775 ETH to a low of 0.42 ETH on August 9, a drop of 45%. The current floor price is 0.46 ETH, worth $1,220. The drop in the floor price of the series is widely attributed to its founder "Ice Bagz" and his team members promoting the RTR token, which is allegedly Trump's "official" token. However, Eric Trump, son of Donald Trump, strongly denied that the token had any connection with the Trump family. After the Trump family denied any connection with the RTR token, the price of the token plummeted by 95%. Because of this, the community started going after members of the Kanpai Pandas team as they were spotted promoting the token on X before any official statement from Trump. An X user going by the handle “Legacy Ape” shared a screenshot of a member of the Kanpai Pandas team promoting the token on X. On the other hand, another community member shared a screenshot claiming that Kanpai Labs was behind the Google ads for the token.
DeFi Hotspot
1. Lido's proposal to establish a public representative platform will open on-chain voting
Golden Finance reported that the vote of the Lido community on the establishment of a public representative platform and a representative incentive plan has been passed. The on-chain voting time for the proposal is from August 13 to August 16. The proposal proposes to establish a public representative platform, which will become the main channel for LDO holders to understand and interact with public representatives. The application period for public representatives is from August 9 to 25. In addition, the proposal recommends that Lido launch a six-month pilot representative incentive program, allocating $150,000 to incentivize representatives and attract professional teams. If the vote is passed, the representative election will be held from August 26 to September 18, the first season of the incentive project will start from September 19 to December 19, the incentive distribution time for the first quarter of the pilot will be from December 20 to December 31, the second season will be from December 20 to March 20, and the reward distribution time for the second quarter of the pilot will be from March 21 to March 31.
2. Upbit will support RNDR name change and token swap
Golden Finance reported that according to the official announcement, Upbit plans to support the rebranding and token swap of RNDR to RENDER, and is expected to suspend deposits and withdrawals at 11:00 KST (Korea time) on August 13, 2024 (Tuesday); it is expected to temporarily suspend trading at 14:00 on August 16, 2024 (Friday). When trading support is restored, the market name will be changed to RENDER/BTC.
3. BVM launches Bitcoin Ecosystem L2 and L3 network performance tracking platform BITCOIN HEARTBEAT
Golden Finance reported that BSCN Headlines published an article on the X platform stating that the BVM team has now launched BITCOIN HEARTBEAT. It is understood that the platform is mainly used to track the performance of the Bitcoin ecosystem L2 and L3 networks.
4. Arbitrum community launches vote to unlock token utility by enabling ARB staking
Golden Finance reported that according to the Snapshot governance page, Frisson, head of Tally's market operations, initiated a proposal vote in the Arbitrum community to "unlock token utility by enabling ARB staking", which will end on August 16. The proposal proposes to unlock ARB utility by enabling ARB staking and improve the governance and security of the Arbitrum protocol, but will not temporarily enable the distribution of fees to token holders. By staking ARB, token holders will be able to capture value by delegating tokens to users who actively participate in governance. The proposal will also implement a liquid staking ARB token (stARB) through the Tally protocol, which can automatically compound any future rewards, can be (re)staking, and is compatible with DeFi. In addition, the initiator of the proposal said that it will work with Arbitrum DAO to decide whether and how to fund the rewards and distribute the rewards between token holders and delegators.
5. Neutron has completed the chain upgrade and has resumed block production
Golden Finance reported that Neutron, the Cosmos cross-chain smart contract platform, said it has resumed block production. Previously, Neutron suspended the network early this morning to complete the chain upgrade to fix the Cosm Wasm vulnerability.
6. The dYdX community launched an on-chain vote on whether to add Zerolend to the dYdX Chain, which ends on August 12
Golden Finance reported that the dYdX Foundation posted on the X platform that the on-chain vote of @zerolendxyz has been opened regarding whether the dYdX community should be added to the dYdXChain. The vote will end at 15:16 UTC on August 12, 2024. The current number of votes is 46,707,390 DYDX, and 100% of the votes are in favor of the proposal.
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.
