1/ πͺπππποΈ
β’ @binance will delist $MITH, $TRIBE, $REP and $BTCST.
β’ Crypto derivatives firm @paradigm decides to cut salaries across the board by 15%.
β’ @ambergroup_io cancels staff bonuses for 2022, Bloomberg reports.
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β’ @TrustWallet integrates with THORChain to support in-app cross-chain swaps.
β’ @arbitrum will deprecate the support for Arbitrum Rinkeby on December 20th.
β’ Oracle network Pyth adds support for KCC.
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β’ Decentralized identity platform Nametag closes a $2 million seed round led by GSRV and OKX Ventures.
β’ Virtual-pet company Anima closes $3 million in funding led by Polygon Studios and others.
β’ β’ β’
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The recent collapses remind everyone in the industry, "not your keys, not your coins." Capital and users fly to non-custodial wallets. @TrustWallet Token has FDV over $2.0 billion!
What are those? Are they really worth hundreds of millions or even billions? ππ§΅
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There are hundreds of non-custodial wallets in the market, Walletconnect, advertises it integrated with over 170 wallets. Some wallet providers dedicate only to wallet solutions such as Trust wallet and SafePal, while others are part of a comprehensive product package.
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The top 2 wallet tokens with FDV over $100 million are Trust Wallet and @iSafePal. Although there are other tokens, they all have smaller market caps and trading volumes (e.g. $MATH and $TPT ).
Two weeks have passed since @Uniswap NFT went online. It is one of the four tabs on the Uniswap main page. How did it do? We take a look πat Uniswap NFT's transaction data and discuss whether it is going to make itππ§΅
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Uniswap NFT's first two weeks could have been more impressive, total transactions and users peaked within the first two days.
2/ On average, the number of transactions decreased by 37% during the second week compared to the first, while the user count went down by 56%. Transaction volume in ETH was down by 26%.
@TrustWallet is one of the most popular wallet applications. Shortly after the FTX collapse, the price of its native token $TWT jumped to a new high, and its market cap is now among the top 50 in the entire crypto market. Let's find out what happened ππ§΅
1/ Many users began to withdraw their funds from CEXs to their on chain wallers due to the FTX collapse, the major exchanges have seen a net outflow of about $2.6 billion in $ETH over the past month.
2/ Trust Wallet launched its new product during the crisis, but also with the promotion from CZ and its native token jumping to new highs. We raised our rating of Trust Wallet to AA from A on Nov. 28, ranking it first in the wallet category.
DeFi Q2 report is out! Full report will be released soon. Here is the thread of it! Please enjoy and email us if you have any thoughts about it or need any help.(research@tokeninsight.com)
#UNI became the most dominant token in the top 15 #DeFi tokens, accounting 37% of the top15βs mkt.cap, #10 among all cryptocurrencies. #AAVE became protocol with the highest TVL, more than $10bn. Only #MKR & #CAKE decreased in mkt.cap.
May 19 crash caused the price of #ETH halved, while the TVL of the total market decreased by only 40%. We witnessed the TVL peaked more than $100bn in May, a history record was made. πππ