Farcaster has raised $150M in funding round led by Paradigm

Decentralized social network Farcaster raised $150M at a $1B valuation, led by Paradigm, with participation from a16z crypto, Haun Ventures, USV, Variant, and Standard Crypto.

Farcaster is a decentralized social network that prioritizes user privacy and autonomy through blockchain technology. It offers secure environment for digital communication.

👉 coindesk.com/tech/2024/05/21/farcaster-blockchain-based-social-media-startup-raises-150m-led-by-paradigm/

NFT MARKET WEEKLY OVERVIEW

Within the last week, the following changes on the NFT market occurred:
🔹 Total NFT Market Cap increased by $3.8B up to $28.8B
🔹 Only1 $LIKE increased its price by 55.8% and got 1st place in the Top NFT Coin Price Gainers
🔹 The most expensive NFT sale was Sogette #2498 (Lasogette) with a deal price of $376K.

RECENT ALTCOIN NEWS & EVENTS

Presenting the most interesting and important crypto market events that recently took place.

CRYPTOMARKET DAILY OVERVIEW

Within the last day, the following changes on the crypto market occurred:
🔹 $BTC price decreased by 0.3% and added 5.3% in the last 7D
🔹 Drunk Robots $METAL grew by 23.4% and led the NFT Gainers Rank
🔹 KlimaDAO $KLIMA gained 24.4% and headed the DeFi Gainers Rank

Olive Chain (OLIVE) has partnered with Puffer Finance

As a part of this partnership, Olive will allocate 1% of its Airdrop to Puffer Community. 20% of it will be allocated to all pufETH holders, and the other 80% to pufETH stakers on Olive.

Olive Network is a secure, developer and user friendly Ethereum layer 3 chain designed to be fully EVM compatible and built with native ETH staking and restaking at it's core.

👉 x.com/0xOlive/status/1793257998862938311

BNB CHAIN ECOSYSTEM WEEKLY OVERVIEW

Within the last week, the following changes on the BNB Chain market occurred:
🔹 BNB Chain Market Cap increased by $7.1B up to $102B
🔹 Open Campus $EDU grew by 80.5% and led the Gainers Rank
🔹 Cream $CREAM heads the Top Gainers by Weekly Trading Volume

AutoLayer (LAY3R) launches Road-to-IDO campaign

The campaign, powered by Magic Square, has already started and offers every user a chance to share a $200,000 LAY3R rewards pool and secure a spot in the $100,000 IDO whitelist.

AutoLayer is the premier Liquid Restaking Tokens (LRT) Finance app on Arbitrum, serving as the gateway to LRTfi giving users the power to create strategies to unleash the potential of LRTs.

👉 x.com/MagicSquareio/status/1793255568255193381

TVL distribution among Solana Ecosystem PJTs

Total Solana Ecosystem TVL: $11.5B
1. Jito TVL: $1.83B
2. Marinade TVL: $1.54B
3. Kamino TVL: $1.24B

RECENT ALTCOIN NEWS & EVENTS

Presenting the most interesting and important crypto market events that recently took place.

CRYPTOMARKET DAILY OVERVIEW

Within the last day, the following changes on the crypto market occurred:
🔹 $BTC price decreased by 2.7% and added 2.8% in the last 7D
🔹 Decentral Games $DG grew by 31.2% and led the NFT Gainers Rank
🔹 TrueFi $TRU gained 22.4% and headed the DeFi Gainers Rank

Match Chain (MAT) has partnered with Bondex (BDXN)

This integration will allow users to utilize their Match ID on Bondex for networking, job applications, and managing professional profiles, enhancing the SocialFi experience.

Bondex is a decentralized job portal for blockchain, Web3, and NFT industries. Match Chain bridges Web2 and Web3 as an interoperable user traffic layer.

👉 x.com/MATCHChain/status/1792907349075660944

Token supply analysis of the PJTs with Market Cap from $25M to $30M and finite Max Supply

The infographic provides information about the distribution of tokens out of the maximum token supply of the selected PJTs.

TOP-11 MONTHLY STABLE PRICE GAINERS

Introducing PJTs with the highest monthly price increase and stable positive 1D, 7D, and 3M price performance.

DEFI MARKET WEEKLY OVERVIEW

Within the last week, the following changes in DeFi market occurred:
🔹 Total DeFi Market Cap increased by $12.3 up to $99.4B.
🔹 Cream $CREAM gained 50.1% and got 1st place among Weekly Price Gainers.
🔹 Harvest Finance $FARM Trade Volume increased by 98.3% and headed the Weekly Trade Volume Gainers.`

Fantom (FTM) has closed a $10M strategic funding round

The funding was led by Hashed, a prominent cryptocurrency fund in Korea. Other investors include UOB Ventures, Signum Capital, Aave Foundation, and notable angel investors.

This funds will be used to support growth and ecosystem development for the upcoming launch of the Sonic chain, a new L1 platform with a native L2 bridge connected to Ethereum.

👉 blog.fantom.foundation/sonic-and-beyond-a-new-era-of-blockchain-innovation/

Cryptomarket bi-weekly Total Liquidation

The infographic shows how much crypto traders lose every day due to the automatic closing of their leveraged positions by exchanges, which happens because of a sharp cryptocurrency price drop or increase. As you can see from the infographic, the Bitcoin price fluctuation influences the total crypto market liquidation significantly.

RECENT ALTCOIN NEWS & EVENTS

Presenting the most interesting and important crypto market events that recently took place.

WEEKLY PRICE GAINERS

The top 3 gainers in the last 7 days are Wojak $WOJAK with +131% price growth, Celsius $CEL (+127%), and CorgiAI $CORGIAI (+98.3%).

Top-11 PJTs by Weekly Network Growth

Network growth shows the percentage increase in the number of new addresses that transferred a given token for the first time in a given period.

NEXT WEEK'S CRYPTO EVENTS

Presenting the most important crypto market events that will take place next week.

Top NFT Sales conducted in the last 7 days

Presenting the 12 most expensive NFT Sales that have been conducted within the last 7 days.