Wednesday, April 17, 2024
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Crypto holders in Dubai and their bags may have a lot in common right now - being underwater. Stay safe everyone! In today's news:
Read on! | | 24h Hot Searches Worldwide π₯ | | CoinGecko 2024 Q1 Crypto Industry Report | | After a strong 2023 Q4, the total crypto market cap continued rallying by +64.5% in 2024 Q1, reaching a high of $2.9 trillion on March 13.
In absolute terms, the growth of this quarter (+$1.1 trillion) was almost double that of the previous quarter (+$0.61 trillion). This was largely driven by the approval of US spot Bitcoin ETFs in early January, sending BTC to a new all-time high in March.
Our comprehensive 2024 Q1 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
Check it out here to get the full scoop! | | | Did you get the drift? π¨ Hot off the heels of the recent airdrop claim by Parcl, Drift Protocol has also just announced its own airdrop. The Drift Foundation, the organization behind the Solana-based perpetuals exchange, has revealed the platform's governance token, DRIFT, which will be airdropped to the platform's users. 100M tokens, equating to 10% of the total DRIFT supply, will be distributed to eligible wallets, including long-standing traders and participants in their recent Drift Points program. Similar to other governance tokens, DRIFT will be needed to actively vote on proposals in the Drift DAO to direct the protocol's future.
Interestingly, the Drift DAO will be split into three branches - the Realms DAO, Security Council, and Futarchy DAO - with each branch focusing on different governance decisions.
While the Drift Foundation has not yet announced an exact date on when the airdrop will occur, co-founder Cindy Leow mentioned that it will happen 'in a matter of weeks,' Editor's Take:
We may have reached the end of an era, as most major protocols on Solana have revealed their airdrops. However, airdrop programs have evolved into a multi-season affair, and with the recent wave of newcomers to the Solana ecosystem, another Solana airdrop season could very well be on the cards. | | | Manta Network is another L2 getting some attention recently. Did you know it also has a sister network built on the Polkadot ecosystem? Learn how they differ and how they work in this video! | | | It's over 9000! π₯ Nope, that's not the price of ETH, at least not yet.
Saga, the Layer-1 blockchain for GameFi, has announced another airdrop campaign just two weeks after the successful launch of their native token, SAGA.
The campaign, known as 'Power-Level Over 9000!' will allow SAGA stakers to earn token and NFT airdrops from over 100 of Saga's partners across various networks.
Given the sheer number of airdrops planned, each will be grouped into specific 'vaults' that will feature multiple projects and NFTs.
Notable partners include popular GameFi projects such as Shrapnel on Avalanche, as well as The Sandbox and Wilder World on Ethereum.
However, most of the rewards will come from Saga's own ecosystem of L1 networks known as 'chainlets,'
Despite the recent announcement, the price of SAGA remained flat at around $3.90 but has fallen slightly to $3.78 today. | | | | Celebrate CoinGecko's 10th Year Anniversary with us with weekly giveaways in April, and learn more about our anniversary partners, Zeebu, Polkadot and Pixels! | | | |
Join the Fountain of ΞΌ campaign, and trade GMCI Index Perps on WOO X. New users will get up to $50 Welcome Bonus!
This April 2024, WOO X will be the first CEX to launch 2 innovative products, i.e. fractionalized blue chip NFTs with a $1.29M in FLC prize pool, and trade 3 types of GMCI Index Perps. Also, exclusively for CoinGecko users, new users on WOO X will get up to $50 Welcome Bonus! | | | | Renzo is a liquid restaking platform built on EigenLayer. In today's article, learn about how you can earn Renzo Points! | | | | | π¦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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