SO-COL platform is raising funds at a $100M valuation

A startup co-founded by crypto influencer Irene Zhao is raising fresh financing in a private round led by Blockchain Capital to ‘supercharge’ influencers’ output with NFTs.

👉 theblockcrypto.com/post/145703/irene-zhaos-influencer-platform-so-col-is-raising-funds-at-a-100-million-valuation

TOP-13 GAMING PJTs BY DAILY NETWORK GROWTH

Daily network growth - a number of new addresses that transferred a given token for the first time within the last day.

LIDO DAO TO BE LISTED ON BINANCE

Binance will list Lido DAO $LDO at 11:00 (UTC) on May 9.

👉 binance.com/en/support/announcement/b76eb4e952

TOP-11 DEFI GAINERS BY 24H TRADING VOLUME

Presenting DeFi PJTs with the highest percentage increase of Trading Volume within the last 24H

TOP-11 METAVERSE PJTs BY UNDERVALUATION INDEX (UI*)

*UI is a Market Cap to 24H Trading Volume ratio. The lower the UI, the more the PJT is undervalued.

Presenting the most undervalued PJTs among Metaverse PJTs.

POLYGON MARKET WEEKLY OVERVIEW

Within the last week, the following changes on the Polygon market occurred:
🔹 Market Cap decreased by $19.0B down to $283B.
🔹 Aavegotchi FUD $FUD gained 64.2% and got 1st place in the Top-5 Weekly Price Gainers.
🔹 Balancer $BAL increased its TVL by 36.2% and got 1st place in the Top Weekly TVL Gainers.

TOP-11 DEFI PJTs BY RELATIVE LIQUIDITY RATIO (RLR)

RLR is a 24H Trading Volume to Market Cap ratio. The higher the ratio, the higher traders' interest in the Token and token liquidity. A high RLR ratio may potentially lead to an increase in the token price.

TOP-8 BNB CHAIN PJTs BY SOCIAL ACTIVITY

Introducing PJTs with the highest LunarCrush Galaxy Score.
Galaxy Score indicates how healthy a coin is by looking at combined performance indicators across markets and deep social engagements.

Compound Treasury receives S&P credit rating in DeFi first

The arbiter of creditworthiness slapped Compound Treasury (a product of Compound Prime LLC) with a B- grade, meaning the USDC-powered yield platform ranks as "speculative" but "currently has the capacity to meet financial commitments“.

👉 coindesk.com/business/2022/05/09/compounds-enterprise-arm-receives-sp-credit-rating-in-defi-first/

Meta to showcase NFTs powered by Polygon

This week Meta is starting to test digital collectibles on Instagram so that users can display their NFTs on their profiles. Similar functionality is coming to Facebook soon.

👉 twitter.com/0xpolygon/status/1523674225714036737

TOMORROW’S CRYPTO EVENTS

Presenting the most important crypto market events that will take place on May 10th.

Otherdeed virtual land NFT sells for a record $1.5m

Yuga Labs’ Otherdeed #59906 sold for 625 ETH ($1.5 million) on X2Y2. This record was set within ten days of the collection’s launch.

👉 theblockcrypto.com/post/145818/yuga-labs-otherdeed-virtual-land-nft-sells-for-record-1-5-million

AKASH NETWORK TO BE LISTED ON HUOBI GLOBAL

Huobi Global will list Akash Network $AKT in the Pioneer Zone on May 10, when the deposit volume meets the demand of market trading.

👉 huobi.com/support/en-us/detail/94906408878183

TOP-13 PJTs BY EXCHANGE INFLOW

Exchange inflow - a percentage of tokens are moved from non-exchange to exchange wallets out of a total token flow.
Exchange outflow - a percentage of tokens are moved from exchange to non-exchange wallets out of a total token flow.

CRYPTOMARKET DAILY OVERVIEW

Within the last day, the following changes on the crypto market occurred:
🔹 Bitcoin $BTC price decreased by 5.4% and lost 17.3% in the last 7 days
🔹 Meme $MEME increased its price by 32.1% and got 1st place in the Top NFT Price Gainers Rank
🔹 Unslashed Finance $USF gained 49.6% and took 1st place in the Top DeFi Price Gainers Rank

TOP-8 PJTs WITH 24H TRADING VOLUME EXCEEDING THEIR MARKET CAPITALIZATION

The infographic shows the highest level of token liquidity and the huge demand for $GAL, $GMT, $SUSHI, $DAR, $DYDX, $VRA, $YFII, and $LUNA that overcame the current market cap of the tokens.

TOP-11 PJTS BY TVL GROWTH IN THE LAST 30 DAYS

The infographic represents TOP-11 PJTs by the percentage increase of Total Value Locked in the last 30 days.

PayPal-backed crypto firm Talos has raised $105M to become the latest crypto unicorn valued at $1.3B

The funding will help Talos extend its institutional-grade digital asset platform as well as accelerate the firm’s expansion into the Asia-Pacific region and Europe.

👉 cointelegraph.com/news/talos-raises-105m-to-become-the-latest-crypto-unicorn-valued-at-1-3b

MEME MARKET WEEKLY OVERVIEW

Within the last week, the following changes on the MEME market occurred:
🔹 Market Cap decreased by $5.4B down to 24.6B
🔹 Pitbull $PIT gained 42.1% and got 1st place in the Top Weekly Price Gainers.
🔹 Shiba Inu $SHIB got 1st place in the Top-5 PJTs by Galaxy Score

TOMORROW’S CRYPTO EVENTS

Presenting the most important crypto market events that will take place on May 11th.

Crypto forensics startup Chainalysis has raised $170M

Chainalysis, a startup that provides crypto investigation and compliance services, has secured $170 million in a Series F funding round led by GIC, a sovereign wealth fund of Singapore. The company, which is known for helping law enforcement nab illicit crypto activities, saw its valuation double to $8.6 billion from its round last June.

👉 techcrunch.com/2022/05/10/crypto-forensics-startup-chainalysis-raises-170m-at-8-6b-valuation/