CoinJ.com Report:
DeFi Data
1. Total market capitalization of DeFi tokens: $79.246 billion
Source of DeFi total market capitalization data: coingecko
2. Trading volume of decentralized exchanges in the past 24 hours: $5.827 billion
Source of trading volume data of decentralized exchanges in the past 24 hours: coingecko
3. Locked assets in DeFi: $87.61 billion
Source of the top ten rankings of locked assets in DeFi projects and the amount of locked assets: defillama
NFT Data
1. Total market capitalization of NFTs: $2.892 billion
Source of total market capitalization of NFTs and top ten projects by market capitalization: Coinmarketcap
2. NFT trading volume in the past 24 hours: $2.078 billion
Source of total market capitalization of NFTs and top ten projects by market capitalization: Coinmarketcap
3. Top ten NFTs with the highest sales growth in the past 24 hours
Source of the top ten NFTs with the highest sales growth in the past 24 hours: NFTGO
Headlines
Tesla’s Bitcoin holdings remain unchanged in Q3 2024
Tesla’s Bitcoin holdings remained unchanged in the third quarter of 2024.
Tesla’s Q3 revenue was $25.18 billion, with analysts expecting $25.43 billion, compared to $23.35 billion in the same period last year. Q3 net profit was $2.167 billion, with the market expecting $1.78 billion, compared to $1.853 billion in the same period last year.
NFT Highlights
1. NFT market BlueMove receives strategic investment from Victus Capital
BlueMove, a multi-chain NFT market designed based on the Move language public chain, announced that it has received a strategic investment from 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. Adrastea Finance, a liquidity re-staking protocol, launches its test version
On October 24th, Solana liquidity re-staking protocol Adrastea Finance announced the launch of its test version. Adrastea Finance is based on Solayer and won the AVS track championship in the Radar hackathon held in cooperation with Superteam Earn and Solayer.
3. Binance completes integration of Worldcoin (WLD) mainnet
Binance has completed the integration of Worldcoin (WLD) mainnet and opened deposit and withdrawal services.
4. Opinion: ZK proofs are too complex for decentralized identities, making it difficult for governments and institutions to adopt
Ingo Rübe, CEO and co-founder of decentralized identity provider KILT Protocol, stated on October 24th that the highly technical nature of ZK proofs makes it difficult for governments and institutions to adopt. He explained that decentralized identifiers (e.g., biometric data) can be selectively shared with parties and verified on the chain using Merkle trees, which is easier, faster, and more efficient than ZK proofs.
5. Twine, a multi-chain settlement network, releases project introduction
On October 24th, the multi-chain settlement network Twine released a project introduction. The project aims to allow users to access the liquidity of 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 tweet and commented that a single execution environment can adapt to multiple DA layers and provide stronger anti-censorship exit guarantees than honest majority multi-signatures, which he finds cool.
6. Base mainnet to introduce fault proofs on October 30th
According to the official announcement of Base, the Base mainnet will introduce fault proofs on October 30th, 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 security upgrade of fault proofs. During the upgrade, all pending withdrawal transactions will need to be reverified.
Gaming Highlights
1. Opti Games, the developer of the Monad ecosystem game Sparkball, completes $2 million 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 completed a $2 million funding round, with L1D leading the round and CMS Holdings, Impossible Finance, Yield Guild Games (YGG), Monad, and others participating. The game is closely collaborating with blockchain gaming communities such as Wolves DAO, YGG, and XBorg to develop the game and gain support. The new funds will be used to support Sparkball’s Season Zero launch for growth.
2. Blockchain gaming platform Party Icons completes $9 million seed funding
Web3 mobile gaming platform Party Icons announced the completion of a $9 million seed funding round, led by Bitkraft Ventures, with participation from IDG Capital and Sebastien Borget, co-founder of The Sandbox.
Party Icons aims to combine the social cohesion of party games with the excitement of shooting games. Like Borget’s The Sandbox project, the developers of Party Icons seem to want people to use it as a platform not only to play games but also to socialize. The statement mentions that Party Icons currently has “three different modes”.
Disclaimer: As a blockchain information platform, the content of the articles published is for reference only and should not be considered as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.
