Golden Web3.0 Daily | Xianyu prohibits the release of digital collectibles related products

DeFi data

1. Total market value of DeFi tokens: 88.61 billion US dollars

DeFi total market value data source: coingecko

2. The transaction volume of decentralized exchanges in the past 24 hours was 4.30 billion US dollars

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

3. Assets locked in DeFi: US$94.437 billion

NFT data

1. NFT total market value: 4.515 billion US dollars

NFT total market value, top ten projects by market value Data source: Coinmarketcap

2.24-hour NFT transaction volume: 2.278 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

Xianyu prohibits the release of digital collection-related products and has taken measures to remove them

On May 20, Xianyu issued an announcement on May 17 on the special governance of digital collection-related products. It stated that due to the recent exposure of false propaganda, transaction fraud, illegal fundraising and other risks in digital collection transactions, in order to protect the legitimate rights and interests of the majority of users, maintain the healthy ecology of the Xianyu community, and prevent financial risks, the release of digital collection-related products in the Xianyu community is prohibited from now on, and digital collection-related products will be removed from the shelves.

NFT Hotspots

1.BEVM will take a snapshot of Whitepaper NFT holders on May 23

On May 20, the Bitcoin L2 project BEVM will take a snapshot of Whitepaper NFT holders at 8:00 am Beijing time on May 23. Users need to connect the EVM address through a cross-chain transaction on the official cross-chain. BEVM Whitepaper NFT and OGNFT holders will claim a certain number of ORDINALS-RUNES tokens based on their activities in the BEVM network.

2. Over Protocol will start witch detection this week, and Nethers NFT holders will receive airdrops

On May 20, L1 project Over Protocol posted on the X platform that "witch detection" will start this week. If the witch detection is passed, members who contribute to OverWallet and OverNode will receive airdrops, and users who own Nethers NFT will receive airdrops.

DeFi Hotspots

1. Manta Network launches CeFi and DeFi combined product Manta CeDefi

On May 20, Manta Network launched a new product Manta CeDefi, which combines CeFi and DeFi to provide users with institutional-level security and higher-yield opportunities. Manta CeDefi cooperates with Ceffu (formerly Binance Custody) to allow users to receive parallel rewards from CeFi arbitrage.

2. Astar Network Launches Web3 Developer Platform Astar Studio

On May 20, Astar Network announced the launch of Web3 developer platform Astar Studio, providing a "developer console" solution to simplify the development process. It is reported that developers built on Astar zkEVM can obtain Astar Studio credit worth $200,000.

3. OKX Ventures Announces Strategic Investment in Bitcoin Layer 2 Network Bitlayer

On May 20, OKX Ventures announced the completion of a strategic investment in Bitlayer. Bitlayer will build a Bitcoin Layer 2 that is equivalent to Bitcoin security and Turing-complete based on the BitVM paradigm. At the end of April, Bitlayer launched a $50 million developer reward event Ready Player One. Dora Yue, founder of OKX Ventures, said that Bitcoin's native design guarantees a decentralized, trustless and highly secure peer-to-peer trading system. OKX Ventures laid out Bitcoin's infrastructure in the early days, such as the application of Rollup and Stacks expansion solutions and Bitcoin's DeFi innovation. Bitlayer is positioned as the Bitcoin computing layer. Its characteristics are that it adopts the framework design of BitVM's verification on the off-chain computing chain, combined with DLC (Discreet Log Contract) to achieve a trustless two-way cross-chain bridge. Bitlayer inherits the advantages of high security of the Bitcoin network and is also compatible with multiple virtual machine environments including EVM (Ethereum Virtual Machine). The Bitlayer mainnet V1 version was launched in April, supporting EVM-compatible environments and two-way cross-chain of mainstream assets.

4. PENDLE breaks through $5.3

Golden Finance reported that the market shows that PENDLE has broken through $5.3 and is now quoted at $5.24, with a 24-hour increase of 7.0%. The market fluctuates greatly, so please do a good job of risk control.

5. The key vote for the approval of the Ethereum spot ETF may come from Gary Gensler

Golden Finance reported that based on previous historical experience, the fate of the Ethereum spot ETF may be determined by a vote by Gary Gensler, chairman of the US SEC, this week. In January of this year, the approval of the Bitcoin spot ETF was handled by a group of five commissioners. Two cryptocurrency industry-friendly commissioners, Hester Pierce and Mark Uyeda, voted to approve the ETF, while commissioners Caroline Crenshaw and Jaime Lizárraga voted against. Gensler also ultimately voted in favor, and many industry insiders believe that his vote ultimately ensured the approval of the spot Bitcoin ETF. The ETF was approved on January 10, 2024 with a 3-2 vote.

Game Hotspots

1. The mainnet of Web3 game Layer3 Sanko GameCorp based on Arbitrum Orbit has been launched

Golden Finance reported that the mainnet of Web3 game Layer3 Sanko GameCorp based on Arbitrum Orbit has been launched. Its token DMT has also been migrated to the Sanko Layer3 network. It is reported that Arbitrum Orbit technology allows development teams to create their own dedicated chain, which will be settled on one of Arbitrum's Layer2 (L2) chains: Arbitrum One, Arbitrum Nova or Arbitrum Goerli. These Orbit chains provide teams with unique channels, ensure the reliability of Gas prices for their end users, and allow fees to be charged using any custom tokens.

2. Japanese manga "Captain Tsubasa" game launched on Oasys blockchain

On May 20, the blockchain version of the Japanese football manga series "Captain Tsubasa" was officially launched on the game-centric blockchain Oasys. The game was developed by Mint Town, Co., Ltd. and BLOCKSMITH&Co. (a subsidiary of mobile game giant KLabInc.), allowing players to cultivate and collect character NFTs from the original series.

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