DeFi Data
1. Total market value of DeFi tokens: $912.16 billion
DeFi total market value data source: coingecko
2. Trading volume of decentralized exchanges in the past 24 hours: $34.87 billion
Trading volume of decentralized exchanges in the past 24 hours data source: coingecko
3. Locked assets in DeFi: $954.2 billion
Top ten rankings of DeFi locked assets and lock-up amount data source: defillama
NFT Data
1. Total market value of NFTs: $334.24 billion
Total market value of NFTs and top ten market value projects data source: Coinmarketcap
2. 24-hour NFT trading volume: $19.85 billion
24-hour NFT trading volume data source: Coinmarketcap
3. Top NFT sales in the past 24 hours
Top ten NFT sales 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 George Mason University’s Antonin Scalia Law School associate professor J.W. Verret, supporters of cryptocurrency may have only one choice in the 2024 U.S. presidential election – Donald Trump. The Biden administration has taken multiple measures to crack down on cryptocurrency, including encouraging banks to cut ties with cryptocurrency companies, considering 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 cryptocurrency. If Trump were to be re-elected, it is expected that he would continue to support the cryptocurrency industry.
NFT Hotspots
1. NFT market sales in the second quarter of 2024 decreased by 45%
According to reports, in the second quarter of 2024, NFT sales decreased by 45%, following the bearish trend of Bitcoin. Data from CryptoSlam revealed that NFT sales dropped to $22.4 billion, the lowest level since the third quarter of 2023. This sharp decline contrasts with the $41 billion in sales in the first quarter of 2024, which continued the growth trend from the fourth quarter of 2023, which had $29 billion in sales.
There was also a significant decline in June 2024, with the average NFT sales value dropping by 59% compared to March. This month is also expected to record the lowest number of NFT transactions since March 2021.
DeFi Hotspots
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 to raise funds, and it can “retain control and maximize monetization potential.” Pantera Capital has invested in Telegram. Jiang pointed out that TON is the “largest liquid asset” on Telegram’s balance sheet, and Telegram can earn staking rewards from transaction fees and protocol issuance, as well as “business agreements” that will earn more TON over time based on certain performance standards.
2. dYdX announces the introduction of in-app staking
dYdX announced on its platform that it has introduced in-app staking, allowing users to stake and unstake DYDX and earn USDC staking rewards through the dydx.trade interface.
Previously, 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 stake their tokens.
3. Starknet ecosystem zkEVM network Kakarot previews “farm” activity to launch next week
On June 27th, based on Starknet’s zkEVM network Kakarot released a video, previewing the launch of “farm” activity next week. Kakarot is currently in the testnet phase and has not yet launched on the mainnet, so the details of the so-called “farm” activity are not yet certain.
4. Zeta Markets: Airdrop claim is now open
Solana DeFi derivatives platform Zeta Markets announced that ZEX is now live, and the user’s airdrop claim is now open. The claiming period is 90 days and will close on September 25th, 2024 at 09:45 UTC. ZEX airdrop has launched Zeta Markets’ community ownership and governance, distributing 80 million ZEX to nearly 80,000 real Zeta users. Anyone staking ZEX before 09:59 UTC on July 25th (end of genesis) is eligible to receive a 20 million ZEX staking airdrop.
5. Scroll to implement Curie upgrade on July 3rd, introducing DA compression
Scroll announced that it will implement the Curie upgrade on July 3rd, introducing Data Availability (DA) compression to reduce the size and associated Gas fees of Layer1 DA, and including two transaction types: EIP-1559 and EIP-2930, as well as a base fee model to stabilize Scroll’s Gas fees. Scroll stated that this upgrade will reduce Gas fees on the Scroll chain by 2 times.
Metaverse Hotspots
1. Hong Kong’s financial industry sees opportunities in DeFi and the metaverse
Hong Kong Financial Academy executive director and Research Center executive director Feng Yinnuo pointed out yesterday that decentralized finance and emerging technologies related to 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 risk.
Disclaimer: As a blockchain information platform, the content of the published articles is for reference only and should not be taken as actual investment advice. Everyone should establish the correct investment concept and must increase risk awareness.
