Recently, a proposal was submitted on the Arbitrum community forum with the goal of efficiently allocating 75 million ARB rewards from the DAO treasury to address short-term community needs and support the protocol. In a recent development, Maple Finance successfully raised $5 million in August, earmarked to fuel its expansion into the APAC and LATAM regions.Īrbitrum's Forward-Thinking Incentive Strategy: Igniting Growth and Innovation.
Impressively, this platform has witnessed an astounding 850% surge in total value locked since the start of the year.Īnother noteworthy player is Maple Finance, functioning as a tokenized real-world asset marketplace catering to institutional investors. It operates in the realm of tokenized yield and real-world assets (RWA), boasting significant backing from Binance.
Pendle Finance, for instance, stands out as a project of considerable interest. This newfound prudence is exemplified by the selective attention currently directed towards a few key projects. In this climate, investment allocations are being made with utmost caution and precision. One prevailing sentiment among crypto experts, including the notable crypto researcher 'Emperor Osmo,' is that the bear market has effectively quashed the exuberant valuations that once prevailed. However, the tides have now shifted dramatically. This substantial 75% drop is emblematic of the crypto market's shifting dynamics.Ī year ago, during the zenith of the bull market in November 2021, investors fervently injected over $7 billion into the crypto sphere within the span of a single month. In August, crypto funding recorded a notable decline, plummeting to a mere $283 million, marking a stark contrast to the same period in 2022 when a whopping $1.15 billion flowed into the market. He emphasized that this decline isn't attributable to a lack of demand. Nevertheless, certain projects continue to attract attention from VC firms and institutions.Įvan Van Ness, a prominent Ethereum advocate, remarked on September 1 that there's been a noticeable decline in crypto venture capital (VC) activity. The prolonged crypto winter has slowed down venture capital interest and investments in the sector. This collaborative move reflects the synergy between DeFi ecosystems and meme-based cryptocurrencies, paving the way for further innovation in the crypto space.Ĭrypto VC Investment Declines, Yet DeFi Projects Emerge as Hotspots With PondX now supporting the Shiba Inu token, both platforms are poised to benefit significantly from increased liquidity and a wider user engagement. This strategic delay is aimed at ensuring network stability and security, demonstrating the team's commitment to responsible and well-managed growth.Īgainst this backdrop, the Shibarium network itself has been experiencing remarkable growth, with a recorded user base of over a million wallets.
The launch on Shibarium, the network's Layer-2 scaling solution, would be postponed to provide ample space for other projects on the network to mature. Meanwhile, Shiba Inu's lead developer, Shytoshi Kusama, made an important announcement regarding the ShibaSwap launch.
Users are incentivized with a share of fees generated from swaps, with rewards calculated based on factors like trading frequency, volume, and the specific tokens involved. PondX serves as a liquidity aggregator, seamlessly pooling liquidity from decentralized exchanges, bridges, and various blockchain networks. Shiba Inu emerged as the clear frontrunner, securing a commanding 46% of the votes, while Chainlink trailed in second place with 30% of the vote. The poll presented several options, including ChainLink, Rollbit, Shiba Inu, and Mog. The decision-making process was carried out via a poll hosted on X (formerly known as Twitter), where PondX empowered its user base to determine the next token listing. PondX, the decentralized exchange aggregator, has added the Shiba Inu token to its roster in a move driven by community consensus. This Decentralized Exchange Aggregator Now Welcomes Shiba Inu.
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