DeFi Data
1. Total market capitalization of DeFi tokens: $912.16 billion
DeFi total market capitalization data source: coingecko
2. Decentralized exchange trading volume in the past 24 hours: $34.87 billion
Decentralized exchange trading volume in the past 24 hours data source: coingecko
3. Locked assets in DeFi: $954.2 billion
Top ten rankings of locked assets in DeFi projects and lockup volume data source: defillama
NFT Data
1. Total market capitalization of NFTs: $334.24 billion
Total market capitalization of NFTs, top ten market capitalization projects data source: Coinmarketcap
2. 24-hour NFT trading volume: $19.85 billion
Total market capitalization of NFTs, top ten market capitalization projects data source: Coinmarketcap
3. Top NFT sales in the past 24 hours
Top ten NFTs with the highest sales increase in the past 24 hours data source: NFTGO
Headlines
Opinion: Trump may become the hope of the cryptocurrency industry in the 2024 election
According to a report, J.W. Verret, associate professor at Antonin Scalia Law School, George Mason University, stated that in the 2024 U.S. presidential election, cryptocurrency supporters may only have one choice – Donald Trump. The Biden administration has taken multiple measures to suppress cryptocurrencies, including encouraging banks to cut ties with cryptocurrency companies, treating developers as brokers, and suing privacy protocol developers. In contrast, officials nominated by the Trump administration such as CFTC Chairman Chris Giancarlo and SEC Commissioner Hester Peirce are known for their support of cryptocurrencies. If Trump is re-elected, it is expected that he will continue to support the cryptocurrency industry.
NFT Hotspot
1. NFT market’s sales in the second quarter of 2024 decreased by 45%
According to a report, in the second quarter of 2024, NFT sales decreased by 45%, consistent with the bearish trend of Bitcoin. Data from CryptoSlam revealed that NFT sales fell to $22.4 billion, the lowest level since the third quarter of 2023. This sharp decline contrasts with the $4.1 billion in sales in the first quarter of 2024, which continued the growth trend of $2.9 billion in the fourth quarter of 2023.
There was also a significant drop in June 2024, with the average sales value of NFTs dropping by 59% from March. This month is also expected to record the lowest number of NFT transactions since March 2021.
DeFi Hotspot
1. Pantera Capital: TON is the largest liquid asset on Telegram’s balance sheet
On June 27th, Pantera Capital portfolio manager Cosmo Jiang stated that cryptocurrency is an option for Telegram’s fundraising and can “maintain the greatest potential for control and monetization”. Pantera Capital has invested in Telegram. Cosmo Jiang pointed out that TON is the “largest liquid asset on Telegram’s balance sheet”. Telegram can earn staking rewards from transaction fees and protocol issuance, as well as “business agreements”, which will earn more TON over time based on certain performance criteria.
2. dYdX announces the introduction of in-app staking
According to a report, dYdX announced on the X platform that it has introduced in-app staking, allowing users to stake and unstake DYDX and earn USDC staking rewards on the dydx.trade interface.
Before this, DYDX holders had to use a third-party wallet to stake their DYDX. Now, users can send DYDX to their wallet address for trading on the dYdX Chain and use it to stake their tokens.
3. Starknet ecosystem zkEVM network Kakarot announces the launch of “farm” activity next week
On June 27th, the zkEVM network Kakarot based on Starknet released a video on X, announcing the launch of “farm” activity next week. Kakarot is currently in the testnet phase and has not yet launched on the mainnet, so it is not yet certain what the details of the so-called “farm” activity will be.
4. Zeta Markets: Airdrop collection is now open
According to a report, the Solana DeFi derivatives platform Zeta Markets announced that ZEX is now live and airdrop collection for users is now open. The collection period will last for 90 days and will close at 09:45 UTC on September 25, 2024.
ZEX airdrop has launched the community ownership and governance of Zeta Markets, distributing 80 million ZEX to nearly 80,000 real Zeta users. Anyone who stakes ZEX before 09:59 UTC on July 25th (genesis end) is eligible to receive a 20 million ZEX staking airdrop.
5. Scroll will implement the Curie upgrade on July 3rd, introducing DA compression
According to a report, Scroll announced that it will implement the Curie upgrade on July 3rd, introducing Data Availability (DA) compression to reduce the size of Layer1 DA and its related Gas fees, as well as including two transaction types: EIP-1559 and EIP-2930, and a basic fee model to stabilize Scroll’s Gas fees. Scroll stated that this upgrade will reduce the Gas fees on the Scroll chain by 2 times.
Metaverse Hotspot
1. Hong Kong’s financial industry is optimistic about the opportunities in DeFi and the metaverse
According to a report, Hong Kong’s financial industry is optimistic about the opportunities in DeFi and the metaverse. Feng Yinnuo, executive director of the Hong Kong Institute of Finance and executive director of the research center, pointed out that emerging technologies related to decentralized finance and the metaverse are closely related to the broader development of virtual assets and Web3, and are expected to bring various opportunities to Hong Kong’s financial services industry. Market participants believe that in the long run, virtual assets can create new sources of income, reduce costs, improve customer experience, and make business more diverse. However, challenges include overall uncertainty in unified definitions and governance structures, difficulties in meeting regulatory requirements to combat money laundering and terrorist financing, as well as concerns about network security and data risks.
Disclaimer: As a blockchain information platform, the content of the published articles is for information reference only and does not constitute actual investment advice. Please establish a correct investment concept and be sure to increase risk awareness.
