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Major GHO Whale Strategy Could Impact Market Dynamics

The largest GHO whale has minted approximately 17.5% of all circulating GHO, equating to 15.5 million GHO. This whale’s strategy involves using sDAI as collateral to mint GHO and subsequently depositing the minted GHO into the safety module pool to earn both GHO and AAVE incentives. With the current sDAI DSR at 8% and the […]

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Compound Finance Website Compromised; CEO Resigns To Launch Legend DeFi Protocol

Compound Finance, a prominent player in the DeFi space, faced a security breach yesterday when its official website was hacked and replaced with a phishing site. Michael Lewellen, a security consultant for Compound DAO, confirmed the incident and advised users to refrain from interacting with the compromised website. Fortunately, the breach was limited to the […]

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$ZKJ Launches New Staking Campaign With Promising Returns

$ZKJ is set to launch a new staking campaign, following the success of its previous round which saw a remarkable 144% APR in the first week. $ZKJ will be launching a new staking campaign 🔋Last round we saw a 144% APR in the first week$ZKJ continues to move in an uptrend and forming a triangle […]

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Layer 2 Report | Q2 2024: Address Growth, Transactions, and Money Flow

I. Addresses 1. Total Unique Addresses by Chain Optimism leads the pack in Q2 2024 with 149.6 million unique addresses. Following behind are Base with 84.7 million and Arbitrum with 33.2 million addresses. 2. Daily New Unique Addresses Created by Chain Base, Optimism, and Arbitrum were the top three chains for the constant creation of […]

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Lending Protocols See $5B Surge In Active Loans, Led By Aave

Lending protocols have experienced a significant boost in active loans, adding approximately $5 billion year to date. Aave, the leading lending protocol by total value locked (TVL), accounts for $4.5 billion of this increase. Unlike the previous all-time high in 2021, new entrants Spark and Morpho have now secured positions in the top three, with […]

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Mog Coin $MOG Surges 41.6%, Nears All-Time High Amid Insider Activity

Mog Coin ($MOG) has emerged as a standout in the memecoin market, surging 41.6% in the past 24 hours to reach a current price of $0.00001421. This impressive performance highlights $MOG’s growing prominence, particularly in relation to other memecoins like Solana’s Popcat. Recent activity by an insider, identified as wallet 0x4682, provides further insights into […]

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$GRT Demonstrates Strength Despite Large Deposits And Market Decline

In the past 24 hours, notable activity involving $GRT (The Graph) tokens has been observed. Thirteen hours ago, a wallet identified as 0xB94 deposited 8.11 million $GRT (approximately $1.7 million) to Kraken. This followed another significant deposit 22 hours ago, where a wallet identified as 0x285 transferred 8.1 million $GRT (about $1.74 million) to Kraken. […]

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Avalanche Faces Decline Amid Large AVAX Sales And Market Concerns

Avalanche’s market performance has been on a downward trend over the past 24 hours, raising concerns as the price nears a critical support level of $23. Recent findings by blockchain investigator ZachXBT, reported by Wu Blockchain, shed light on the possible reasons behind this sharp decline. According to the report, $54 million worth of AVAX […]

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$ZRO Launches With $934M Market Cap And $3.7B FDV Amid Airdrop Frenzy, Driving Up Arbitrum Gas Prices

The recent launch of $ZRO has generated significant buzz in the crypto community, debuting with a $934 million market cap and a $3.7 billion fully diluted valuation (FDV). The #Merkly deployer donated 2.83 $ETH($9,976) to claim the airdrop of 102,068 $ZRO. Then he sold all 102,068 $ZRO for 106.69 $ETH($381K).https://t.co/K8nVPuiaBz pic.twitter.com/sssmv5sah1 — Lookonchain (@lookonchain) June […]

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Bearish Crypto Market Hits Pepe Coin Hard As Whales Trigger Massive Selloff

June 18th has been a tough day for the cryptocurrency market, with Pepe Coin ($PEPE) causing significant investor concerns. The frog-themed meme coin has shown clear signs of a downturn, which has led to negative market sentiment, further exacerbated by a massive selloff by whales. On-chain reports reveal troubling activity among major $PEPE holders. One […]