News Report:
DeFi Data
1. Total market capitalization of DeFi tokens: $79.246 billion
Data source: coingecko
2. Trading volume of decentralized exchanges in the past 24 hours: $5.827 billion
Data source: coingecko
3. Total locked assets in DeFi: $87.61 billion
Top ten DeFi projects by locked assets and their respective amounts. Data source: defillama
NFT Data
1. Total market capitalization of NFTs: $2.892 billion
Total market capitalization and top ten projects by market capitalization. Data source: Coinmarketcap
2. NFT trading volume in the past 24 hours: $2.078 billion
Total market capitalization and top ten projects by market capitalization. Data source: Coinmarketcap
3. Top ten NFTs by sales growth in the past 24 hours
Data source: NFTGO
Headlines
Tesla’s Bitcoin holdings remain unchanged in Q3 2024
Tesla’s Bitcoin holdings remained unchanged in the third quarter of 2024.
Tesla reported a revenue of $25.18 billion in the third fiscal quarter, with analysts expecting $25.43 billion, compared to $23.35 billion in the same period last year. The net profit for the third fiscal quarter was $2.167 billion, with market expectations at $1.78 billion, compared to $1.853 billion in the same period last year.
NFT Highlights
1. NFT marketplace BlueMove receives strategic investment from Victus Capital
BlueMove, a multi-chain NFT marketplace designed based on the Move language public chain, announced that it has received a strategic investment from the crypto hedge fund Victus Capital.
DeFi Highlights
1. Kraken plans to launch its native blockchain network next year
Cryptocurrency exchange platform Kraken plans to launch its native blockchain network next year.
2. Liquidity re-collateralization protocol Adrastea Finance launches test version
Adrastea Finance, a liquidity re-collateralization protocol on Solana, announced that it has launched a test version. Adrastea Finance is built on Solayer and won the AVS track championship in the Radar hackathon hosted by Superteam Earn and Solayer.
3. Binance completes integration of Worldcoin (WLD) mainnet
Binance has completed the integration of the Worldcoin (WLD) mainnet and has enabled deposit and withdrawal services.
4. Opinion: ZK proofs are too complex for decentralized identity, not conducive to government and institutional adoption
Ingo Rübe, CEO and co-founder of decentralized identity provider KILT Protocol, stated that the highly technical nature of ZK proofs makes it difficult for governments and institutions to adopt them. He explained that decentralized identifiers (such as biometric data) can be selectively shared with parties and verified on-chain using Merkle trees, which is easier, faster, and more efficient than ZK proofs.
5. Twine, a multi-chain settlement network, releases project introduction
Twine, a multi-chain settlement network, has released its project introduction. The project aims to allow users to access liquidity from multiple chains such as Ethereum, Solana, and Bitcoin through a single platform, aggregating multiple chains to achieve a seamless user experience and Dev X. Toly, co-founder of Solana, retweeted the announcement and commented that a single execution environment can adapt to multiple DA layers and provide better strong anti-censorship exit guarantees for each layer than honest majority multi-signature, which he finds cool.
6. Base mainnet to introduce fault proofs on October 30
According to an official announcement from Base, the Base mainnet will introduce fault proofs on October 30, marking an important step towards decentralization. After the introduction of this mechanism, anyone can monitor and challenge invalid withdrawal transactions without permission, eliminating the need for third-party trust. The Base team stated that they have been working closely with Optimism to ensure the smooth launch and upgrade of fault proofs. During the upgrade, all pending withdrawal transactions will need to be revalidated.
Gaming Highlights
1. Monad ecosystem game developer Opti Games raises $2 million in funding, with participation from YGG and others
Opti Games, the developer of the online sports fighting game Sparkball based on the Monad blockchain platform, announced that it has raised $2 million in funding. The funding round was led by L1D, with participation from CMS Holdings, Impossible Finance, Yield Guild Games (YGG), Monad, and others. The game is closely collaborating with blockchain gaming communities such as Wolves DAO, YGG, and XBorg for game development and support. The new funds will be used to support Sparkball’s Season Zero launch and growth.
2. Blockchain gaming platform Party Icons raises $9 million in seed funding
Web3 mobile gaming platform Party Icons announced that it has raised $9 million in seed funding. The round was led by Bitkraft Ventures, with participation from IDG Capital and Sebastien Borget, co-founder of The Sandbox. Party Icons aims to blend the social bonding of party games with the excitement of shooting games. Similar to Borget’s The Sandbox project, the developers of Party Icons seem to envision it as a platform that can be used not only for playing games but also for social interactions. The statement mentioned that Party Icons currently has “three different modes”.
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