Wednesday, February 28, 2024
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Our sights are now set on Bitcoin's previous all-time high of $69K. Are you coming to watch? In today's news:
Read on! | | 24h Hot Searches Worldwide 🔥 | | From Privacy Coins to Privacy Blockchains | | Privacy coins have lost 44.3% market share to privacy blockchains since 2021.
The top 3 privacy blockchains are Mina Protocol (23.2%), Oasis Network (13.6%), and Aleph Zero (6.1%), which have all overtaken Zcash and Dash in terms of market capitalization. | | |
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Moving on to another 💔 After recently calling it quits with Aave, Gauntlet has quickly entered into a relationship with another lending protocol. Gauntlet has teamed up with Morpho to launch their own products using the MorphoBlue protocol. Unlike Gauntlet's prior engagement with Aave, where they were in charge of assessing and managing risk for the platform, MorphoBlue allows Gauntlet to create and manage their own lending pools.
Gauntlet's departure from Aave was rather sudden, and in this case, bizarre, since the firm had just signed a year-long $1.6M contract with the protocol two months prior. With just $985M in TVL, Morpho still has a long road ahead from challenging the likes of Aave and Compound, both with billions of dollars worth of funds locked across multiple networks. However, the protocol has had significant backing from the crypto VCs, including Pantera Capital, who announced their investment earlier today.
Editor's Take:
As protocols become bigger, it's often inevitable that the politics within DAO governance lead to unfavorable rifts and separations. Conversely, with Gauntlet's experience and Morpho's unique lending mechanism, we could very well see a shift within the existing practices of DeFi lending and borrowing platforms. | | | Airdrops seem to be undergoing a resurgence along with the markets. Check out the top airdrops to watch for in 2024! | | | A broader point of view 🔍 Everyone can now join the party on Lens!
Functioning as a network of connections between decentralized and user-owned entities, the Lens protocol allows users to communicate and interact with each other, as well as with dApps within the Lens ecosystem.
Previously, only selected users could access the platform, which allowed competitors such as Farcaster to grow their community much more quickly. Now, the social media platform has become 'permissionless' allowing all users to be onboarded and create their own on-chain NFT profiles.
Users can now pay a small fee of 10 MATIC (~$10.40) or the equivalent amount in fiat to obtain a Lens profile and access the protocol.
In early February, we saw a surge in activity on Farcaster thanks to the launch of Frames on the Farcaster client, Warpcast, resulting in rising prices for Farcaster NFTs and related tokens such as DEGEN. | | | On-chain decentralized exchange (DEX) data is now directly accessible on CoinGecko API! Get on-chain token and liquidity pool data, along with crypto price, market data, metadata, and more – including data for cryptocurrencies not yet listed on CoinGecko. All on-chain data is powered by our sister product GeckoTerminal, and is immediately available to paid API subscribers through 20 new endpoints. | | | | Learn about Farcaster, the decentralized social media protocol and how it is enabling users to mint NFTs, subscribe to newsletters, and more through Frames on Warpcast. | | | | | 🦎Tell us what you think! We've just revamped our newsletter with a new and fresh format!
Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! | |
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