Hunter

DeFi derivatives trading platform Zeta Markets mainnet launch

hunter-6@newsletter.paragraph.com (Hunter) — Fri, 21 Jan 2022 03:58:37 GMT

On January 18th, Zeta Markets, the DeFi derivatives trading platform on the Solana chain, launched the mainnet. The current margin limit is $200. Rhythm previously reported that Zeta Markets, a DeFi derivatives trading platform based on Solana, announced the completion of $8.5 million in financing on December 8, 2021. This round of financing was led by Jump Capital, Electric Capital, Airtree Ventures, Amber Group, Wintermute, Sino Global Capital, Genesis Block Ventures, Alameda Research, Solana Capital, LedgerPrime and SkyVision Capital, among others.

Snapshot Labs will release StarkNet-based voting framework "Snapshot X" in Q2 2022

hunter-6@newsletter.paragraph.com (Hunter) — Fri, 21 Jan 2022 03:58:06 GMT

On January 18, decentralized organization (DAO) governance solution provider Snapshot Labs announced that it will release StarkNet (ie Layer 2 ZK-Rollup)-based voting framework "Snapshot X" in Q2 2022. Developed in partnership with Ethereum Layer 2 development company StarkWare, Snapshot X allows any DAO to run on-chain governance on Layer 2 and execute transactions on Ethereum, Snapshot Labs said. Voting in Snapshot X costs about 1,000 gas (or about 50 to 100 times cheaper than Ethereum). It is reported that Snapshot X is expected to be open to all DAOs in the third quarter of 2022, initially only supporting ERC-20 and delegated voting strategies, and then adding support for ERC-721 and multi-chain.

JPMorgan: For Ethereum, NFTs are more important than DeFi

hunter-6@newsletter.paragraph.com (Hunter) — Fri, 21 Jan 2022 03:56:56 GMT

On January 18, JPMorgan Chase recently published a report on the future forecast of the encryption market. The report pointed out that NFT is the fastest growing field in the encryption ecosystem. In terms of driving its future valuation, ether Fang's share in the NFT space may be more important than its share in the DeFi space. At the same time, the report pointed out that due to high gas fees and transaction congestion, Ethereum’s transaction volume share in the NFT field has dropped from around 95% in early 2021 to around 80%.

Stacks becomes the largest smart contract project on the Bitcoin chain

hunter-6@newsletter.paragraph.com (Hunter) — Fri, 21 Jan 2022 03:55:55 GMT

On January 18, according to Stacks on-chain data, the network has achieved more than 350 million API requests per month, 40,000 Hiro wallet downloads, and 2,500 Clarity smart contracts. Currently, Stacks has become a Bitcoin chain. The largest smart contract project. Thanks to its unique PoX consensus mechanism, over 11,000 users are rewarded with over 100 BTC each month on Stacks, which has delivered over $50 million worth of Bitcoin rewards and locked over $1 billion to date. The first projects to launch on Stacks are CityCoin in New York City and Miami, and Brittany Laughlin, executive director of the Stacks Foundation, said the Stacks community has demonstrated the huge potential of Bitcoin smart contracts, from DeFi to NFTs, from CityCoin to philanthropy , from portable identities to new infrastructure, all within a year.

Bitcoin falls below $40,000, down 4.15% in 24 hours

hunter-6@newsletter.paragraph.com (Hunter) — Fri, 21 Jan 2022 01:50:41 GMT

On January 21, according to FTX market data, Bitcoin fell below $40,000 and is now quoted at $39,969.63, a 24-hour drop of 4.15%.