headlines
Layer 1 blockchain Monad Labs completes $225 million in financing, led by Paradigm
Layer 1 blockchain Monad Labs announced the completion of US$225 million in financing, led by Paradigm, with participation from Electric Capital, SevenX Ventures, IOSG Ventures and Greenoaks. The project plans to challenge competitors such as Solana and Sui. It is reported that this transaction is the largest financing in the cryptocurrency field so far in 2024. Monad founder Keone Hon said that Monad’s innovation comes from rebuilding the Ethereum blockchain from scratch, maintaining the ability to execute smart contracts while completing transactions at faster speeds, higher capacity and lower costs. Monad will EVM is fully supported. (Fortune)
Worldcoin: World ID will remove iris verification option
People registered for World ID can request that their iris scans be removed, which the Worldccoin project says it will do after a six-month cooling off period. It also implements on-site age verification checks to prevent people under 18 from signing up. . It is reported that Worldcoin has assigned World ID to nearly 5 million people who agreed to undergo iris scans to prove their personality, or that they are human beings. (TheBlock)
Arkham: Two competitors spread rumors about ARKM token transfer in an attempt to create FUD
Arkham posted on the X platform that two competitors were spreading rumors about ARKM token transfers in an attempt to create FUD (but the names of the two competitors were not announced). Arkham clarified that the related ARKM token transfers, like all ARKM transfers that have been made, were of tokens unlocked according to the token economics published here, and both transfers were of unlocked tokens.
Market changes
Renzo total TVL exceeds $3 billion
According to official news, the total TVL of the liquidity re-hypothecation protocol Renzo exceeded US$3 billion.
Ethereum L2 TVL exceeds US$43 billion, of which Base TVL is nearly US$4.5 billion
L2BEAT data shows that the current Ethereum Layer 2 TVL is US$43.21 billion, with a 7-day increase of 6.97%.
According to DeFiLlama data, the Ethereum liquidity re-pledge protocol TVL is currently $9.439 billion, a record high. Among them, ether.fi TVL was US$3.894 billion, a 7-day increase of 20.53%; Puffer Finance TVL was US$1.405 billion, a 7-day increase of 10.94%.
DeFiLlama data shows that the transaction volume of DEX on the Ethereum chain was US$2.9 billion on April 8, an increase of approximately 61% from the previous day (US$1.809 billion), ranking first.
Mantle Network TVL crosses $1 billion, continuing record high
L2BEAT data shows that the total lock-up volume (TVL) of the Ethereum L2 network Mantle Network has exceeded US$1 billion and currently touches US$1.01 billion, continuing to hit a record high, with an increase of 17.75% in the past seven days.
Industry News
Hurun Research Institute released the 2024 Global Unicorn List, which lists the worlds unlisted companies founded after 2000 with a value of more than US$1 billion. Four Chinese unicorns entered the top ten. Among them, ByteDance continues to rank first with a value of 1.56 trillion yuan; Mixue Bingcheng from Zhengzhou, Henan, is worth 67 billion yuan and ranks 62nd. One place higher than last year.
Binance CEO: Cultural issues have been overcome and the company has entered regulatory maturity
New Binance CEO Richard Teng said in an interview on Tuesday that the company has overcome cultural issues after reaching a $4.3 billion settlement with the U.S. Department of Justice. Teng said the Justice Department’s previous charges involved incidents that occurred in the “early” stages of the company’s development, and that Binance has now entered a “regulatory maturity stage.” (CNBC)
Project News
BGD Labs launches Aave v3.1 and Aave Origin related proposals
The official governance page shows that BGD Labs initiated proposals for Aave v3.1 and Aave Origin. It is reported that Aave v3.1 is a new optional upgrade of Aave V3, which mainly focuses on two aspects: redundant security and logic optimization to reduce operating costs. Keeping these principles in mind, changes/improvements included in this release include virtual accounting, state rate strategies, and more. Additionally, the current Aave Immunefi bug bounty will be available for v3.1 and will be activated on production instances once approved by governance.
STEPN will distribute FSL points airdrops to Genesis Shoe holders within 24 hours
STEPN officially announced that it will distribute FSL points airdrops (can be exchanged for GMT at a ratio of 1:1) to Genesis Sneaker holders within 24 hours. Depending on the holding time, the airdrop rewards will be divided into three levels. The lowest level of rewards requires holding the Genesis Shoes for at least 6 months, and the highest level of rewards requires holding for at least 24 months.
Whales Market founder: GM token will be launched soon
Whales Market founder dexter said on the X platform that since the Solana network congestion problem, WHALESs repurchase bot is obviously not working (it is not coded to constantly retry transactions). In addition, it also revealed that GM tokens will be launched soon.
pSTAKE Finance Launches PSTAKE Airdrop Event PP Season 1 on Solana
According to official news, pSTAKE Finance announced that it will launch its flagship Solana Liquid Staked Token (LST) stkSOL and provide a large number of PSTAKE airdrops (PP Season 1) to the Solana community. The initial PP eligibility criteria will be disclosed one by one in the weeks before the launch of stkSOL. .
Before the launch of stkSOL, users who meet the initial qualification criteria or complete specific tasks can obtain initial PP during the PP creation stage; after the launch of stkSOL, users can complete on-chain liquidity staking through stkSOL to increase PP.
Multi-chain lending protocol ZeroLend plans to launch governance token ZERO on April 29
Multi-chain lending protocol ZeroLend revealed on the X platform that it plans to launch the governance token ZERO on April 29, and other details about TGE will be announced soon.
MoonPay partners with Base to support markets such as OpenSea
Web3 infrastructure company MoonPay announced a cooperation with Base on the X platform. MoonPay is now available on the market in the Base ecosystem, including OpenSea.
Circle: Native USDC already supports zkSync mainnet
Circle issued a document on the X platform stating that native USDC now supports the zkSync mainnet, and Circle Mint and API now also support the use of USDC on zkSync.
Zeta Markets announces Z token economics: total supply is 1 billion, 10% will be used for airdrops
Zeta Markets announced the upcoming launch of native token Z on the X platform, with practicalities including governance, staking and incentives. The total supply of Z is 1 billion, of which 10% will be used for airdrops to reward Zeta users and the strategic community on Solana, and 30% will be used for incentives.
Immutable is building the game zkEVM chain system Immutable Nexus
Immutable published an article introducing Immutable Nexus. Immutable Nexus ensures that games built on the Immutable chain (including Immutable zkEVM, dedicated zkEVM) have the best liquidity, security and accessibility.
The official website shows that TNSR is now open for applications. According to previous news, according to a document issued by the Tensor Foundation on the X platform, TNSR is now online, S1, S2 and S3 are all open, and users have 180 days to claim TNSR.
HashKey will launch Ethereum Layer 2 network HashKey Chain
HashKey Group announced on the X platform that it will launch the Ethereum Layer 2 network HashKey Chain.
Investment and Financing
Web3 beauty startup Kiki World announced the completion of a US$7 million seed round of financing, with participation from a16z Crypto, Estee Lauders New Incubation Ventures, OrangeDao and 2 Punks Capital. Kiki World only helps consumers co-create products with the help of Web3 technology, allowing community members to vote on the features they want before the beauty product is produced. (TechCrunch)
Storm Labs completes $3 million in financing, led by Electric Capital
On-chain investment project Storm Labs completed US$3 million in financing, led by Electric Capital, with participation from Accomplice, Robot Ventures, Daedalus and well-known angel investors in the industry. It is reported that Storm Labs will use this round of financing to build Cove, an on-chain portfolio manager, which aims to allow users to build and manage customized DeFi portfolios without manual operations and solve problems such as loss and rebalancing. (Coindesk)
Web3 institutional lending and income product platform OpenTrade announced the completion of a US$3.2 million seed round of financing, with participation from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs and Plassa Capital. OpenTrade is an on-chain institutional lending and yield product platform built on Circles payments and DeFi infrastructure, allowing regulated asset managers to create on-chain lending products with affordable yields. (TheBlcok)
Bitcoin L2 network Mezo developer Thesis completed a $21 million Series A financing, led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates and others.
