Golden Web3.0 Daily | Spot Ethereum ETF may outperform Bitcoin

DeFi data

1. Total market value of DeFi tokens: 87.696 billion US dollars

DeFi total market value data source: coingecko

2. The trading volume of decentralized exchanges in the past 24 hours was 4.532 billion US dollars

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

3. Assets locked in DeFi: US$97.134 billion

Top ten rankings of DeFi projects with locked assets and locked-in volume Data source: defillama

NFT data

1. Total market value of NFT: US$34.972 billion

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

2.24-hour NFT trading volume: 2.91 billionUS dollars

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

3. Top NFTs in 24 hours

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

Headlines

Kaiko: Spot Ethereum ETF may outperform Bitcoin after launch

Golden Finance reported that a new report from Kaiko shows that Ethereum may outperform Bitcoin after the highly anticipated Ethereum exchange-traded fund (ETF) is launched in the United States. The report points out that the current Ethereum to Bitcoin price ratio is 0.05, which is higher than 0.045 before the Securities and Exchange Commission (SEC) approved the spot Ethereum ETF, indicating that the price of Ethereum is rising relative to Bitcoin. The report also emphasizes that Ethereum's 1% market depth and exchange reserves are at multi-year lows, which may indicate that there will be a supply shock due to increased institutional demand, driving ETH prices further up. According to forecasts, the spot Ethereum ETF may be launched before July 23, and institutional investors are expected to attract $10 billion in inflows at a rate of about $1 billion per month. Overall, Kaiko's analysis believes that with the launch of the spot Ethereum ETF, Ethereum may surpass Bitcoin in market performance.

NFT Hotspots

1.Base Ecological NFT Project onchain gaias Floor Price Rises Above 0.4 ETH

July 16 news, market information shows that the Base Ecological NFT project onchaingaias floor price rose today, and has now risen to 0.4ETH above 0.42ETH, a 24H increase of 43.6%. In addition, onchaingaiasNFT's trading volume in the past 24 hours reached 11.11ETH, an increase of 3641.3%. onchaingaias is an NFT project launched by KOLciniz, a platform of Warpcast (the front end of Farcaste, a social platform based on Base) in March this year. Initially, 8,888 were minted for free, but the number was reduced to 5556 due to whitelist issues. Previously, there was news that the project would launch some kind of tokens and pet NFTs.

2. Ctrip Group’s first NFT series “Trekki” will be officially terminated in August

On July 16, the first NFT series “Trekki” incubated by Ctrip Group announced that it will be officially terminated from August 1, 2024. The development of all Phase 2 functions of Trekki NFT will be terminated, including unfinished functions and future planned functions, such as dividend pools, pledge mechanisms, travel growth mechanisms, travel money-making mechanisms, etc. At the same time, all community operations and cooperation activities related to the Trekki NFT project will also be terminated.

DeFi Hotspots

1.Notcoin: The withdrawal process has been maintained and the test is expected to be completed this week

Golden Finance reported that Notcoin announced on the X platform that the withdrawal process has been maintained and the test is expected to be completed this week, which means that users should be able to receive Notcoin before Friday. In addition, Notcoin stated that the withdrawal fee has been reduced by 3 times, and will promote the realization of real-time on-chain withdrawals in the future.

2.Chainlink Data Feeds is now available on the Starknet mainnet

Golden Finance reported that the decentralized oracle service Chainlink announced that its DeFi data solution Chainlink Data Feeds is now available on the Starknet mainnet. It is reported that as part of the SCALE plan, the Starknet Foundation has borne part of the operating costs for the Chainlink oracle node, enabling Starknet developers to access low-cost data sources.

3. StarkWare discloses future plans: Optimize the Starknet stack and launch Stwo in Q1 2025

Golden Finance reported that StarkWare published an article on X stating that Starknet's next plans include: -Optimize the Starknet stack to improve throughput and cost-effectiveness; -Launch Stwo, its next-generation prover, to reduce costs and latency while increasing throughput for all Starknet-driven chains (expected to be launched in the first quarter of 2025); -Continue to work on decentralizing Starknet through staking and governance; -Become the first L2 on the Bitcoin and Ethereum chains.

4.Scroll mainnet TVL exceeds $1 billion, setting a new record

Golden Finance reported that Kakarot, a zk EVM network based on Starknet, published a post on X stating that the Pyth price feed service is now available on the Kakarot testnet. Kakarot developers can use the low-latency price feed information provided by Pyth to start building high-performance DApps that utilize real-time high-frequency data.

5.Movement is about to launch a testnet

Golden Finance reported that Ethereum L2 network Movement published a post on X stating that its testnet is about to be launched.

Game Hotspots

1. South Korean game developer Delabs Games launches Telegram click game Giga Chad Bat

On July 16, South Korea-based game developer Delabs Games announced the launch of the baseball-themed Telegram click game Giga Chad Bat. Players can earn points through Giga Chad Bat, which can then be converted into GAME tokens.

2.Decentralized cloud gaming protocol DeepLink Protocol has launched Public Sale Phase 4

July 16 news, according to official news, decentralized cloud gaming protocol DeepLink Protocol completed Public Sale Phase 3 on the 13th of this month, raising $900,000 in this phase. The project has now started Public Sale Phase 4, which will end on August 5. In Public Sale Phase 1 and Phase 2 in June, funds of $1.05 million and $1.2 million were raised respectively.

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 raise risk awareness.