Golden Web3.0 Daily | The Meme market may welcome a large number of institutional investors

DeFi data

1. Total market value of DeFi tokens: 94.461 billion US dollars

DeFi total market value data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was 4.248 billion US dollars

Trading volume of decentralized exchanges in the past 24 hours Data source: coingecko

3. Assets locked in DeFi: 101.666 billion US dollars

Top ten rankings of DeFi projects and locked assets Data source: defillama

NFT data

1. Total market value of NFT: 35.165 billion US dollars

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

2. 24-hour NFT trading volume: 2.135 billion US dollars

NFT total market value, market value ranking of the top ten projects Data source: Coinmarketcap

3. Top NFTs within 24 hours

The top ten NFTs with the highest sales growth in 24 hours Data source: NFTGO

Headlines

Research: Memecoin market may usher in a large number of institutional investors

Golden Finance reported that Despread Research, the research department of Web3 consulting firm Despread, released a report on the evolution and future potential of the Memecoin market, analyzing the utility of Memecoin as a speculative asset. The team pointed out that the US asset management company VanEck launched a Memecoin index fund that tracks the prices of six popular Memecoins, including DOGE, PEPE and WIF. The report states that while the launch of the VanEck Memecoin Index Fund is unlikely to immediately attract institutional investment in Memecoin, the fact that the community-driven Memecoin has grown without any utility and attracted institutional interest is significant. The VanEck Memecoin Index Fund could be a catalyst for more institutional and retail investors to become interested in memecoin. We have already seen cryptocurrency-based fund companies looking to include Memecoin in their portfolios, with California-based cryptocurrency fund Stratos launching the WIF Liquidity Fund in December last year, which has achieved a return of 137% as of the first quarter of 2024. According to Despread Research, as a carrier of social ideology, Memecoin will continue to grow and develop.

NFT Hotspots

1. Slerf is about to airdrop to NFT holders

Golden Finance reported that Slerf officially posted on the X platform that it is preparing airdrops for our NFT holders, and snapshots will be taken in the next few hours. The airdrop is coming soon.

2. The digital collection platform that refuted the rumor of running away was collectively complained, and the price of the collection fell from 199 yuan to 9 yuan

Golden Finance reported that recently, a screenshot of the "official announcement of running away" of a digital collection platform, which was called "very arrogant" by netizens, circulated on the Internet. The announcement was signed by the operation team of the digital collection platform Shenlong Shuzang, and it was loudly declared, "We have run away! All good things must come to an end. This banquet is left with a mess. The smart people have already eaten their fill and left the table, but you are unwilling to leave and clink your bowl with chopsticks, and what you are greeted with is a huge bill for this feast." Subsequently, Shenlong Shuzang issued a rumor-refuting announcement on its App, saying that "the online rumor that the platform has run away is false." However, complaints about the platform's suspected money-making and false propaganda continue to emerge. Recently, many consumers broke the news that Shenlong Shuzang used the digital collections jointly developed by the Xi'an Ming and Qing Shadow Art Museum as an "endorsement" and could earn nearly 3 million yuan in one day, but after attracting consumers to buy, the creator was changed. Not only that, the digital collections purchased by consumers on the platform quickly collapsed in price within a few days. "After I bought the collection, I found that the prices of all goods were falling, and some goods had fallen from 199 yuan to 9 yuan." The consumer said.

3. ZKsync Ecological NFT Project zkApes Plans to Jointly Resist ZK Rat Trading with Multiple Projects

Golden Finance reported that the ZKSync Ecological NFT Project zkApes announced on the X platform that it has formed an alliance with projects such as Element, imToken, Argent, and WOOFi. Its goal is to put pressure on ZK Nation and Matter Labs to resist rat trading and other behaviors. At the same time, zkApes called on exchanges such as Binance, OKX, Coinbase, and Kuxoin not to list ZK tokens until these chaos and disputes stop.

DeFi Hotspots

1. ZK's market value exceeded $935 million on the first day of listing, and its fully diluted value is about $5.3 billion

According to Golden Finance, the ZKsync token ZK is currently priced at about $0.25. It was launched on Monday and has been listed on multiple cryptocurrency exchanges for various trading pairs. The market value of the token currently exceeds $935 million, and its fully diluted value is about $5.3 billion. The maximum supply of ZKsync tokens is 21 billion, and the current circulating supply exceeds 3.6 billion. According to Coingecko, ZKsync's trading volume reached nearly $99 million within a few hours of its launch.

2.io.net: The third season of the Ignition Rewards Program will start on July 1

According to Golden Finance, according to an official post by io.net on the X platform, the claim period for Ignition Season 1 and Season 2 will end at 19:00 on June 18, 2024, Beijing time. Users with eligible wallets must claim before the end of the claim period. The claim period for Season 3 will start at 21:00 on July 1, 2024, Beijing time.

3.Chiliz: Dragon8 hard fork is now live and introduces a new token economic model

On June 17, according to official news, sports blockchain provider Chiliz announced that the "Dragon8" hard fork on Chiliz Chain is now live and introduces a complex new token economic model. Tokenomics 2.0 is characterized by a structured annual inflation rate that starts at 8.80% and gradually decreases and stabilizes at 1.88% after about 14 years. A key component of this is the transaction fee destruction mechanism, which aims to provide a balanced incentive structure.

4.Vitalik: Off-chain ZK applications underestimate the potential of using STARK

Golden Finance reported that Ethereum co-founder Vitalik Buterin posted on social media that he believes that off-chain ZK applications do underestimate the potential of using STARK, including use cases with high privacy requirements. Currently, STARK is less than 100 kB, and for off-chain use cases, this amount of bandwidth is negligible compared to the client proof time saved by using STARK.

5.Scroll: Currently upgrading the Sepolia testnet

Golden Finance reported that Scroll announced on social media that we are currently upgrading the Sepolia testnet. The testnet may not be available until 12:00 UTC on June 17. We will notify you of the latest situation after the upgrade is completed.

Game Hotspots

1. Chain Game Lumiterra Announces Closing of Native Trading Market on June 28

Golden Finance reported that Chain Game Lumiterra announced on the X platform that the team will close the native trading market 12 days later, at 15:00 on June 28, 2024, and the native trading market will no longer be available after closure.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment concept and be sure to raise risk awareness.