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Layer 2 Monthly Report: May 2024, Introduction of Taiko and Layer 2 Ecosystem Metrics

May 2024 marked the launch of a new Layer 2 solution, Taiko, with an airdrop event scheduled for early June. This report evaluates the performance of other Layer 2 platforms across various ecosystem metrics. Total Addresses by Chain    – Optimism continues to lead with 144 million total addresses.    – Base follows with 75.3 million addresses. […]

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Velocore Suffers $6.8 Million Loss In Major Attack

Velocore, a decentralized finance (DeFi) platform, recently experienced a significant security breach resulting in the loss of over $6.8 million. The attacker exploited a vulnerability within the LP Pool contract, ultimately transferring the stolen funds to Ethereum and then laundering them through Tornado.Cash. The attacker, identified by the address 0x8CDc37eD79C5EF116b9Dc2A53Cb86ACaca3716bF, used a sophisticated method to […]

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Aevo Shows Long-Term Commitment with Token Unlock Strategy

Aevo has made significant strides in its token circulation strategy, recently unlocking enough tokens to bring its circulating supply to approximately 85%. To demonstrate a long-term commitment to its investors, the team has re-locked the remaining 15% until the end of the year. By the end of 2024, Aevo’s circulating supply will reach 100%. We've […]

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Key Levels To Watch For $AVAX: Insights From IntoTheBlock

A recent report by IntoTheBlock has highlighted crucial price levels for Avalanche ($AVAX) that investors should monitor. These levels are identified based on the profitability of current holders and can act as significant support or resistance zones. Keep an eye on these levels for AVAX👇 🟢The green bubble shows holders currently in profit. It represents […]

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Solana Memecoin $WIF Dogwifhat Surges To Two-Month High

$WIF Dogwifhat, the largest memecoin on the Solana blockchain, has surged to a two-month high, briefly reclaiming the $4 trading mark with a 7% increase in value today. This notable rise continues to capture the attention of the crypto community, particularly that of a savvy trader who has leveraged $WIF’s price movements for substantial profits. […]

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King $PEW Skyrockets 144x Since Launch, Early Investor Nets 6755% Return

In a remarkable surge, King $PEW has skyrocketed 144 times since its opening. One savvy investor, identified by the address 0xFC0…b8B85, has notably capitalized on this meteoric rise.  This trader initially invested 3 ETH, which is now floating a profit of $780,000, translating to an astounding return rate of 6755%. Within just ten minutes of […]

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Uniswap Experiences Price Drop Amidst Whale Activity

Over the past 24 hours, Uniswap (UNI) has seen a 5% decline in its price, falling to $10.9. This downturn contrasts sharply with the coin’s performance over the last week, during which it surged by 44%, climbing from $7 to a high of $11.7. The recent price decrease coincides with significant onchain activity. Notably, a […]

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Amber Group Deposits 25 Million GRT To Binance Amid Bullish Sentiment

Within the past 13 hours, Amber Group has made a significant move by depositing 25 million GRT tokens, worth approximately $8.03 million, into Binance. This transaction follows a series of strategic maneuvers by Amber Group, who originally received these tokens from The Graph three years ago. In the last two days, Amber Group has recharged […]

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TokenFi Surges 22% Amid Significant Trading Activity And Strategic Moves By DWF Labs

TokenFi ($TOKEN) experienced a notable 22% price increase today, reaching a high of $0.1385, driven by a substantial rise in trading volume, which spiked by 280%. This surge highlights growing investor interest and significant market activity surrounding the token. Amid this price rally, DWF Labs made a significant move by depositing 7 million $TOKEN, worth […]

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Dogecoin Experiences Surge In Large Transactions Amid Ethereum ETF Speculation

Dogecoin ($DOGE) has seen a significant uptick in large transactions over the past 24 hours, likely driven by speculation surrounding Ethereum ETF approvals. The total value of $DOGE transactions exceeding $100,000 has nearly doubled, jumping from $1.53 billion to an impressive $3.01 billion. This surge in transaction volume indicates that whale activity has dramatically increased, […]