Market

FanTV, a SocialFi platform revolutionizing the Creator economy, has achieved a major milestone by onboarding over 1 million new user accounts on Sui, the Layer 1 blockchain and smart contract platform.

This achievement represents 48% of the 2.6 million wallet growth on Sui over the past week, showcasing the significant impact of integrating blockchain technology with social media platforms. This successful integration enhances user engagement and extends the reach of decentralized networks, marking a pivotal step in mainstream blockchain adoption within the content streaming landscape.

Founded by Prashan Agarwal, former CEO of Gaana (India’s leading music streaming platform that secured $115M in funding from Tencent), FanTV introduces a unique Create/Watch to Earn model, bridging the gap between web2 and web3 ecosystems. Through FanTV, users and creators earn points for engagement and content creation, which are then converted into the platform token for various utilities such as content promotion, creator tipping, purchasing creator keys, subscriptions, and more. With over 4 million users and 20,000 creators, FanTV’s inclusion has propelled significant growth, onboarding over 1 million wallets to Sui and cementing its role in introducing the masses to Web3.

🎉 HUGE news: @FanTV_official onboards 1 million+ new users on @SuiNetwork! 🎉

Here are the highlights from our latest milestone: what happened and where we're going next.

🟪 @FanTV_official just went live on the Sui Mainnet last week.

In just 7 days, we onboarded 1M new… pic.twitter.com/BLRMOcol83

— FanTV (@FanTV_official) May 28, 2024

Prashan Agarwal, Founder and CEO of FanTV, expressed enthusiasm for reaching this milestone, emphasizing the value brought to users through the partnership with Sui. He stated, “FanTV is dedicated to pushing the boundaries of blockchain technology, user engagement, and creator monetization. Our collaboration with Sui signifies just the beginning of what we can accomplish together. Our vision is to decentralize the creator economy, and this achievement is a positive step in that direction.”

Greg Siourounis, Managing Director of Sui Foundation, praised FanTV’s integration of Sui, highlighting its ability to seamlessly manage significant upticks in wallets without compromising user experience. He remarked, “This remarkable growth underscores the power of collaboration and innovation. We look forward to witnessing continued expansion and adoption within the Sui ecosystem.”

With this significant milestone, FanTV sets its sights on global expansion, aiming to onboard over 100,000 creators and 10 million users within the next 12 months.

Coinbase broadens its perpetual markets by introducing ONDO, PYTH, and ZETA, presenting traders with fresh opportunities amidst market volatility.

In a strategic and forward-looking move to enrich the trading landscape and enhance user interaction, Coinbase, a leading global cryptocurrency exchange, has unveiled an exciting update. The platform has expanded its perpetual markets by adding three new cryptocurrencies, thereby widening the range of options for its global user base. This expansion aligns with Coinbase’s ongoing commitment to offer diverse trading opportunities and remain competitive in the dynamic cryptocurrency arena.

Improving Trading Accessibility and Services on Coinbase

In line with its dedication to delivering a seamless trading experience, Coinbase has meticulously executed the introduction of these new perpetual trading pairs. Trading for ONDO-PERP, PYTH-PERP, and ZETA-PERP is now fully operational as of May 23, accessible on both Coinbase International Exchange and Coinbase Advanced. Various order types, including limit, market, stop, and stop-limit orders, are available on Coinbase’s markets, ensuring comprehensive trading capabilities.

Initially, the ONDO-PERP, PYTH-PERP, and ZETA-PERP markets will enter post-only mode on Coinbase International Exchange and Coinbase Advanced. During this phase, customers can post and cancel limit orders, while no order matches will occur. This post-only mode will remain active for a minimum of one minute, facilitating a smooth and controlled transition to full trading.

New perpetual futures contracts are now available to trade on Coinbase Advanced.

You can now trade ONDO-PERP, PYTH-PERP, and ZETA-PERP with up to 10X leverage.

Head to https://t.co/d38X04rMro to begin trading if located in an eligible jurisdiction. pic.twitter.com/lTpIdftz2g

— Coinbase Traders (@coinbasetraders) May 23, 2024

Market Analysis and Performance of Newly Added Cryptocurrencies

Amidst these exciting developments, it’s crucial to analyze the market performance of the newly introduced cryptocurrencies featured in the trading pairs. Ondo (ONDO) is currently priced at $0.9847, boasting a 24-hour trading volume of $195.7 million. This reflects a 6.77% price increase in the last 24 hours and a 14.30% increase over the past seven days.

Pyth Network (PYTH) is valued at $0.4542, with a 24-hour trading volume of $115 million. Despite a 2.95% price decline in the last 24 hours, it has seen a 3.62% increase over the past seven days. ZetaChain (ZETA) is priced at $1.56, with a 24-hour trading volume of $28 million, showing a 3.04% decline in the last 24 hours and a 7.80% decline over the past seven days.

Furthermore, amidst market uncertainties, Coinbase, the largest crypto exchange by volume in the US, experienced outflows of 47.9%, with trading volume surpassing $3 billion. Bybit, the second-largest global exchange by volumes, saw a 30.5% plummet, although trading activity hovered around $5.04 billion.

Multipool, a pioneer in the blockchain and cryptocurrency space, launched their Fjord Foundry LBP on May 21st, raising an impressive $200,000 within the first 24 hours.

This achievement highlights Multipool’s influential role in revolutionizing the trading of real-world assets (RWAs) and cryptocurrencies.

“We’re excited about the community’s strong response, hitting $200k on Fjord Foundry on the first day,” said Wojciech Kaszycki, a Core Contributor at Multipool. “This is a fantastic start for our LBP, and I look forward to seeing our progress over the next 48 hours. Stay tuned and GET MULLED!”

The LBP offers crypto enthusiasts an opportunity to get involved in a cutting-edge project aimed at bringing RWAs and cryptocurrencies to the mainstream. After the LBP concludes, Multipool will make its public debut on Uniswap V3.

💧 It’s official, we’ve already raised $200k in 24 hours on the @FjordFoundry LBP, and we’ve only just launched.
​
We’re thrilled with the response in the first 24 hours and we’re only just getting started. There are still 48 hours left for you to join the LBP.
​
Read the blog… pic.twitter.com/xiyRQICs37

— Multipool (@multipoolfi) May 22, 2024

Multipool Partnerships

Multipool is backed by leading industry firms such as BSO, Mobilum, NxGen, Hacken, and IMMIN8 Labs. By leveraging their expertise and extensive networks, Multipool is poised to make significant strides in the industry, offering users an alternative to centralized exchanges.

AIOZ Network has officially become the first DePIN company listed in the Nvidia Accelerated Applications Catalog. This recognition by Nvidia marks a significant advancement for decentralized infrastructure, allowing millions of Nvidia users worldwide to explore the capabilities of AIOZ Network DePIN for their application development needs.

The Nvidia Accelerated Applications Catalog is a resource for individuals and businesses to discover a diverse range of DPU- and GPU-accelerated applications, tools, and services, featuring industry giants like Adobe, Epic Games, and Autodesk.

DePIN GPU Powered by 160,000 Nodes

AIOZ Network is pioneering web3 AI computing, data storage, and streaming infrastructure through its global network of over 160,000 human-powered nodes. These nodes support the storage and streaming applications built on the AIOZ network.

The upcoming launch of the AIOZ Node V3 in Q1 2024 will enable users to utilize idle GPU and CPU resources to power the AIOZ Network’s infrastructure, including the forthcoming Web3 AI solution, W3AI, set to launch later this year.

This year, the AIOZ Network team has already introduced two DePIN-powered storage solutions: AIOZ W3S and AIOZ W3IPFS. These solutions have gained significant traction, with various clients in Web3 gaming, NFTs, and more leveraging the platform’s storage capabilities for their products.

We're excited to today release the AIOZ W3AI Vision, detailing how various aspects of our web3 AI infrastructure operates.

Read it here:https://t.co/EEzNsWUeb5

We're proud to be pushing the envelope for what is possible with #DePIN AI. Powered by @AIOZNetwork. Powered by you. pic.twitter.com/XIFJpEt5ch

— AIOZ Network (@AIOZNetwork) March 18, 2024

AIOZ W3AI

Later in 2024, the launch of AIOZ W3AI will empower AI developers globally to use AIOZ DePIN GPU and CPU resources for their web3 AI applications. The W3AI marketplace will facilitate the storage and sharing of AI models, with features for monetization, collaborative training, and inference secured through homomorphic encryption.

Mollars Token, a deflationary digital currency similar to Bitcoin, is making waves even before its official listing on public crypto exchanges. As it approaches the close of its initial coin offering (ICO) on June 1st, interest in Mollars is heating up.

Over the past 30 days, search volume for ‘Mollars’ has surged, reaching 50% of the search volume for the popular memecoin Bonk Inu.

Rising Interest in Mollars

According to Google Trends data, searches for “Mollars” have ranged from 50% to 90% of the volume for Bonk Inu on various days over the last month. The peak occurred between April 24th and 25th, with Bonk Inu scoring 97 points in user interest and “Mollars” reaching 85 points. These numbers reflect significant interest from crypto traders in both the memecoin and the emerging altcoin.

Mollars Set for Exchange Listing Next Month

Mollars Token has not yet been launched on public exchanges. As a store-of-value token and deflationary digital currency, it has gained considerable attention during its presale phase. With only 10 million tokens ever to be minted, its growing popularity is seen by some investors as a positive indicator of its future potential.

🚀 Only 15 days left until the end of the #Mollars presale! Be ready for the epic launch and join the #MollarionsClub by contributing just $0.55 per Mollars.

Get ready for listings on #LBank, #BitMart, and #XTListing at launch! 💰🔗#crypto$SHIB $PEPE $LINK $LINGO $FLOKI $BTC pic.twitter.com/5JeTdvgy7w

— Mollars (@mollarstoken) May 17, 2024

Crypto exchanges Bitmart, LBank, and XT.com have announced plans to list Mollars after its ICO ends on June 1st. The token is expected to debut on all crypto exchanges at a price of $0.62. For investors, an early investment at the current price of $0.55 could prove to be a savvy move if Mollars achieves significant trading volume post-listing.

Rated evaluates the performance and risk of nodes and node operators on Proof of Stake networks, where they oversee significant value.

Introducing the Solana Network Explorer, Rated provides users with a detailed, real-time overview of Solana’s network performance. This tool allows users to dive deep into consensus data and validator information, critical for securing billions of dollars in value.

Despite the substantial blockchain and transactional value built on the internet, information regarding their performance and associated risks is fragmented. While block explorers are crucial, the work of network operators and blockchain infrastructure providers often remains obscure.

Solana’s performance-driven design heavily relies on its network of validators. With approximately 1,767 validators securing Solana and an active stake of around $58 billion USD across over 1 million active staking accounts, understanding the network’s composition and the risks involved is paramount.

The Rated Solana Network Explorer and suite of API tools address these questions by offering detailed insights into the network’s present and historical states. This includes operator performance, commissions, network penetration, vote effectiveness/latency, client, geo and host distribution, and more. Traditional metrics like uptime, latency, and APY only provide a partial view of a network’s health and the operators’ standings within it. Recognizing this gap, Rated developed RAVER, an open-source methodology aimed at measuring risk-adjusted performance comprehensively.

Reliable and current network state data is foundational for advanced blockchains like Solana. Rated’s methodology not only illuminates Solana’s network specifics but also paves the way for enhanced transparency, accountability, and ongoing innovation.

The largest crypto exchange has expanded its arsenal, now offering over 120,000 active trading strategies.

Notably, over 70% of active Spot Copy Trading Lead Traders have achieved positive P&L. Binance, renowned for its blockchain ecosystem and the world’s top crypto exchange by trading volume, has unveiled two significant updates: the launch of the Funding Rate Arbitrage Bot and the full rollout of Spot Copy Trading to eligible users.

Binance’s Trading Bots Marketplace boasts a diverse array of over 120,000 active trading strategies, continually enriching its suite of automated trading tools. Among the popular automated bots are Grid Trading for both Spot and Futures, Rebalancing Bot, Auto-Invest, and Dollar-Cost Averaging (DCA).

You asked and we listened.

Introducing Spot Copy Trading on #Binance!

Replicate strategies of #Binance top traders in a few clicks.

Get started 👉 https://t.co/kY1KnOjw0T pic.twitter.com/QsVtPewuXj

— Binance (@binance) May 15, 2024

The Funding Rate Arbitrage Bot marks Binance’s pioneering step into automating delta-neutral spot and futures arbitrage strategies. It eliminates the need for manual execution of separate spot and perpetual futures trades. The bot aims to enable traders to earn funding fees by executing a perpetual futures position and hedging it with an opposite position of equal size on the same symbol in the spot market.

This Arbitrage Bot streamlines the execution of both spot and futures trades simultaneously, sparing users the hassle of managing two trade orders across different interfaces. Users can conveniently monitor their performance as the bot independently manages strategies in their trading bots wallet.

The bot offers two deployment options:

• Positive Carry: Buying assets on the spot market and shorting corresponding perpetual futures contracts, aiming to collect funding fees from a positive funding rate.
• Reverse Carry: Selling assets on the spot market and going long on perpetual contracts, aiming to collect funding fees from a negative funding rate.

The Arbitrage Bot is accessible on the Binance website and will be available on the Binance App starting May 30.

Rohit Wad, Binance’s Chief Technology Officer, emphasized the platform’s commitment to user feedback and choice. The Funding Rate Arbitrage Bot caters to users seeking to automate arbitrage strategies efficiently. With its user-friendly interface, the bot enables more users to explore new strategies. Additionally, Binance’s Spot Copy Trading feature, initially introduced to Lead Traders in April, has garnered significant traction, with over 700 registrations so far, demonstrating the community’s positive reception.

Spot Copy Trading, introduced to address user demand, will be fully accessible to all eligible users starting May 15, enabling them to follow Lead Traders and replicate their portfolios.

UXLINK, a social infrastructure platform, kicked off its Season 1 airdrop campaign, dubbed “IN UXLINK WE TRUST,” in early May, targeting a community of 550,000 contributors.

Over half of the campaign has already been fulfilled. Participation in the campaign involves minting an airdrop voucher called the UXLINK NFT, ensuring an airdrop of the native token $UXLINK, fully unlocked after the Token Generation Event (TGE).

Responding to community feedback, UXLINK has introduced a limited community sale of three types of Airdrop Voucher NFTs: “MOON,” “TRUST,” and “FRENS,” now available on the NFT Marketplace. Each voucher is worth 25,000, 750, and 50 $UXLINK tokens, respectively, providing the same benefits as the UXLINK NFTs.

PLUM, a member of the South Korean community, noted, “Many users have expressed concerns about insufficient UXUY points for redeeming premium NFTs and are eager not to miss the PRE-TGE airdrop. The community sale offers them a great opportunity to participate in this significant airdrop program.”

🤩 $UXLINK token Airdrop NFT sale – NOW LIVE! Grab this time-limited opportunity, tailored just for you, our amazing community!

If you are:
💔 Lack of UXUY points to redeem NFTs
👀 Want more $UXLINK token airdrop before #TGE

Here's what's in store:
💎 Sale of 3 themed NFTs:… pic.twitter.com/T26TJ3v4Ul

— UXLINK (@UXLINKofficial) May 13, 2024

Hector from Turkey expressed excitement about the community sale, saying, “UXLINK has a strong user base in Turkey, where people generally hold crypto assets. The introduction of the community sale is warmly welcomed by everyone.”

The limited community sale of UXLINK airdrop voucher NFTs is anticipated to last approximately two weeks, or until stocks run out, as per the community manager’s announcement. With UXLINK project steadily progressing and boasting good cash flow and ample reserves, all proceeds from the community sales will be dedicated to community building and ecological development.

In the fast-paced realm of cryptocurrencies, MCoin has emerged as a standout, embodying innovation and practicality. Born from the dynamic M20 Chain blockchain platform, MCoin has witnessed a remarkable surge in adoption across continents, notably in Asia and Europe.

This article delves into MCoin’s growth trajectory, the driving forces behind its success, and its impact on the worldwide cryptocurrency landscape.

MCoin’s Asian Roots

MCoin’s journey commences in Asia, where it tapped into the region’s burgeoning interest in blockchain technology and digital currencies. Asia’s tech-savvy market provided an ideal environment for MCoin’s debut. Strategic deployment within sectors like fintech and ecommerce, facilitated by M20 Chain’s robust infrastructure, fueled rapid adoption among businesses and consumers seeking innovative transaction solutions.

Expansion Tactics and Market Reach

Central to MCoin’s expansion were strategic partnerships with major Asian tech firms and financial institutions. These collaborations seamlessly integrated MCoin into daily financial activities, enhancing its usability and appeal. Marketing efforts focused on educating the public about blockchain benefits and MCoin’s role in this new digital economy, further driving adoption.

Mcoin: Bridging the gap between Asia and Europe with rapid global adoption. pic.twitter.com/EwciKVVx7c

— M20 (@m20blockchain) May 10, 2024

Venturing into Europe

Building on its success in Asia, MCoin made significant strides in the European market. Europe’s well-established regulatory framework for digital currencies provided a structured and stable environment for MCoin’s expansion. The transparency and security of M20 Chain, verified by independent audits, resonated with European consumers and regulators, easing entry into these new markets.

Cultural Adaptation and Localization

A pivotal aspect of MCoin’s strategy was its emphasis on localization. Recognizing the diversity of cultural and economic landscapes, MCoin tailored its offerings to meet the unique needs of European countries. From multi-language support in digital wallets to compliance with local financial regulations, MCoin customized its features to enhance user experience, making it a preferred choice for European users.

Community Engagement and Ongoing Innovation

At the core of MCoin’s expansion lies its vibrant, engaged community. Forums, webinars, and workshops have been instrumental in cultivating a loyal user base. Continuous innovation, such as new blockchain functionalities and transaction efficiency enhancements, keeps the community involved and attracts new users.

Future Outlook

As MCoin extends its global footprint, it remains dedicated to innovation and user satisfaction. Upcoming features like enhanced cross-chain integration and eco-friendly blockchain solutions are poised to bolster MCoin’s appeal to a worldwide audience.

In Conclusion

From Asia to Europe, MCoin’s journey underscores cryptocurrencies’ ability to transcend geographical and cultural boundaries, reshaping global transaction practices. As MCoin continues to evolve, it not only enriches users’ financial experiences but also contributes to the advancement and sophistication of the global cryptocurrency market.