DeFi Market Overview
Key DeFi Statistics
- Total DeFi Token Market Cap: $73.21 billion
Source: CoinGecko - 24-Hour DEX Trading Volume: $3.88 billion
Source: CoinGecko - Total Value Locked (TVL) in DeFi: $81.38 billion
Top 10 DeFi projects by TVL (Source: DeFiLlama)
NFT Market Snapshot
- Global NFT Market Cap: $27.74 billion
Top 10 NFT projects by market cap (Source: CoinMarketCap) - 24-Hour NFT Trading Volume: $2.08 billion
Source: CoinMarketCap - Top NFT Sales (24h):
Highest-gaining NFTs ranked by sales growth (Source: NFTGO)
Breaking News: Spot XRP ETF Application Filed by Canary Capital
Cryptocurrency investment firm Canary Capital has submitted a registration application to the U.S. SEC for a spot XRP ETF, marking the second such proposal this month. Founder Steven McClurg highlighted the growing demand for blockchain solutions and evolving regulatory clarity.
Key Details:
- The ETF aims to provide traditional brokerage access to XRP markets while mitigating risks of direct holdings.
- Custodian for the ETF remains undetermined.
👉 Learn more about XRP ETF developments
DeFi Sector Updates
1. Nostra Proposes NSTR Liquidity Migration to Starknet
Starknet-based DeFi protocol Nostra Finance has initiated a governance proposal to shift NSTR liquidity from Ethereum’s Uniswap v3 to a NSTR/USDC pool on Starknet, enhancing on-chain accessibility.
2. RWA Protocols Now Represent 3.69% of DeFi TVL
Per IntoTheBlock, Real-World Asset (RWA) protocols have surged to 3.69% of total DeFi TVL, up from 1.77% in July 2024.
3. Vitalik Buterin Nominated for Nobel Economics Prize
Economists Tyler Cowen and Alex Tabarrok endorsed Ethereum founder Vitalik Buterin for his groundbreaking contributions to cryptoeconomics, citing his work as "Nobel-worthy" for redefining monetary theory.
4. Linea Mainnet Bridges 777,401 ETH
Dune Analytics reports Linea’s mainnet has processed 777,401 ETH across 1.2M+ transactions, with 562,542 unique addresses interacting.
5. Sonic Adopts LayerZero for Interoperability
SonicLabs (formerly Fantom) has selected LayerZero to power cross-chain functionality for its ecosystem.
Gaming Sector Highlights
Off the Grid Launches on PS5 and Epic Store
Gunzilla Games’ AAA crypto-based battle royale "Off the Grid" is now in early access on PlayStation 5 and Epic Games Store, featuring high-end graphics and immersive gameplay.
👉 Explore crypto gaming innovations
FAQs
Q1: What is a spot XRP ETF?
A1: A spot ETF tracks XRP’s live market price, allowing investors to gain exposure without holding the asset directly.
Q2: Why migrate NSTR liquidity to Starknet?
A2: Starknet’s scalability reduces gas fees and improves transaction speeds for DeFi users.
Q3: How does LayerZero benefit Sonic?
A3: LayerZero enables seamless asset transfers across blockchains, boosting Sonic’s ecosystem interoperability.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct independent research and exercise caution when investing.
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