The Shiba Inu representative made some statements about passive income to the SHIB Coin army. Paradigm offloaded a significant amount of ETH to leading crypto exchange Coinbase. XRP has re-entered the Grayscale Digital Large Cap Fund portfolio. And more!
There is important news from XRP, ETH, SHIB Coin and these 4 altcoins….
Millions of SHIB Coins will be paid to the community
The Shiba Inu representative made some statements about passive income to the SHIB Coin army. In this context, he gave a clue as to how many LEASH or SHIB Coins they could earn. According to Lucie’s post, ShibaPunkz dApp has been updated for staking. As a result, stakers will receive 2 LEASH and an impressive 85,000,000 SHIB Coins over the next four months.
ShibaPunkz.art is a dApp where Shiba Inu-themed NFTs from the ShibaPunkz NFT collection launched on the Shibarium Blockchain can be staked. We know the official token of the DApp as SPUNK. On this platform, stakers have the opportunity to earn SPUNK tokens as rewards. But now, according to Lucie, users will also be able to earn Shibarium reward tokens LEASH and SHIB.
Paradigm Deposited 6,500 ETH to Coinbase
Ethereum saw a decline following a notable transaction on Saturday. According to on-chain data, Paradigm, an institutional liquidity network, offloaded a significant amount of ETH to Coinbase, one of the world’s leading crypto exchanges. This development coincided with the price drop of the leading altcoin. This attracted the attention of market players.
Arbitrum surpasses Ethereum by $400 million
Arbitrum, a leading Layer-2 (L2) scaling solution, has been on a notable uptrend since the launch of its native token ARB in March 2023. Over the past 30 days there has been a staggering 74% increase in ARB’s value. This underlines the growing market interest in the protocol. In particular, Arbitrum’s daily decentralized exchange (DEX) volume has experienced a significant increase. With this development, the protocol surpassed Ethereum (ETH) in this important metric for the first time. This milestone highlights the growing adoption and recognition of Arbitrum’s scalability in the decentralized finance (DeFi) ecosystem.
XRP returns to Grayscale Digital Large Cap Fund
Three years later, XRP was re-added to the Grayscale Digital Large Cap Fund or GDLC portfolio. Grayscale, the largest operator of crypto-based OTC investment products, has revised its fund component weights following its fourth quarter 2023 reviews. Some major altcoins and top DeFi assets have been removed from Grayscale’s baskets. However cryptokoin.com As we reported, the return of XRP was the most anticipated development.
Grayscale began using cash proceeds to purchase Avalanche (AVAX) and XRP. Both tokens are in the top 10 by market cap. In the fund’s current structure, AVAX and XRP will be responsible for 1.14% and 2.54% of the portfolio value, respectively.
Solana transaction volume reached its highest level in recent years
According to recent reports, Solana daily trading volume has reached over $40 billion. This is the highest level since October 2022. Meanwhile, the increase in economic yield of tokens created using the SPL standard is at levels not seen since late 2022. The current value traded on Solana has increased by 700% compared to volumes recorded in early December, when the seven-day moving average of trading volumes was approximately $5 billion.
Ethereum Layer2 TVL reaches $19.61 billion
Total value locked (TVL) on Ethereum Layer2 recorded a 7-day increase of 1.11%. Thus, TVL became 19.61 billion dollars. The first five values locked are:
- Arbitrum One ($9.73 billion, 7-day increase 5.49%);
- OP Mainnet ($5.47 billion, 7-day decline 9.22%);
- Base ($0.726 billion, 7-day decline 17.75%);
- Manta Pacific ($0.712 billion, 7-day increase 37.08%);
- Metis Andromeda ($0.669 billion, 7-day increase 9.05%).
JTO got excited in the calm market: It increased by more than 20% on a daily basis
According to market data from OKX on January 6, JTO rose as high as $1.89 before falling. Jito is currently trading at $1,854, up 20.75% in 24 hours.
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