Monad Labs, which will be a competitor to Ethereum and Solana, completed a financing round of $ 225 million. DeBridge launched the points plan and tokens were on the horizon. SHIB Coin burn rate has increased tremendously. Perp Dex project DTX announced that it will soon launch SAGA, DEGEN and TNSR perpetual contract transactions. And more…
There is news from SAGA, DEGEN, SHIB Coin and 6 altcoins!
Ethereum and Solana rival Monad Labs received $225 million investment
Fortune magazine reported that Layer 1 Blockchain Monad Labs has completed a $225 million funding round. Paradigm led the tour. Additionally, IOSG Ventures, Electric Capital and Greenoaks also took part in the round. This will be the largest cryptocurrency financing ever in 2024.
Monad founder Keone Hon said Monad’s innovation comes from rebuilding Ethereum’s Blockchain from scratch, preserving the ability to execute smart contracts while completing transactions faster, with higher capacity and at lower cost. Unlike many new blockchains, Monad will fully support EVM. Monad Labs’ success among investors also points to Jump Crypto’s continued influence. cryptokoin.comAs you follow from , two former Jump employees founded Monad in 2022. The third founder comes from a non-crypto background.
DeBridge launches points plan, tokens are on the horizon!
Cross-chain interoperability protocol deBridge launched the first season of its points program on April 9. According to the team, deBridge is distributing points retroactively to more than 200,000 existing users who have paid a total of $2.3 million in fees based on past activity. These include joint projects such as Jupiter, Solflare, Zeta Markets, Banana Gun and Birdeye, which have integrated the deBridge protocol into their applications. The team said:
The program rewards past loyalty through multiples of past and future activity, while engaging and incentivizing new users to experience deBridge’s near-instant payout, deep liquidity, and tight spreads for local bridge transfers.
deBridge’s native token will be launched after the first season of points is released. However, the project, the specific criteria of the program, the date of the proposed token issuance, etc. did not disclose further information.
DTX, SAGA, DEGEN and TNSR to launch perpetual contract trading
Blast ecosystem Perp Dex project DTX announced that it will soon launch Saga (SAGA), Degen (DEGEN) and Tensor (TNSR) perpetual contract transactions. From April 9 to April 22, the first ten users who participate in Degen (DEGEN) continuous trading volume on DTX will be eligible to share the 1,000 USD cash reward provided by DTX, and the first ten users who participate in Tensor (TNSR) continuous trading volume on DTX will also be eligible to participate in DTX will be eligible to share the 1,000 USD cash prize provided by. Users will also earn Blast Gold and DTX Fuel points. DTX was also selected for the Blast Points Plus Program. Those who interact with DTX will receive double Blast points
SHIB Coin burning rate increased by 1.344%
Shiba Inu (SHIB Coin) burn rate increased by a staggering 1,344%. Thus, creating optimism for SHIB Coin price. This significant increase in token burning activity comes at a crucial moment when the SHIB Coin price is on the verge of a significant change. According to Shibburn data, 135,451,536 SHIB Coins went to the burn wallet in 12 transactions in the last 24 hours. This is equivalent to $3,868.50 in monetary terms.
Mantle Network sets a new record in TVL
According to L2BEAT data, the total locked volume (TVL) of the Ethereum L2 network Mantle Network has surpassed $1 billion, reaching $1.03 billion. Thus, it reached a new historical peak with an increase of 17.75% in the last seven days.
NuLink receives investment and strategic collaboration from DWF Labs
NuLink, a decentralized solution focused on data encryption and privacy protection, announced that it has received investment from DWF Labs. Additionally, the two sides shook hands on a strategic cooperation.
Kiki World closes $7 million seed funding round
Web3 beauty startup Kiki World has closed a $7 million seed funding round. The round included a16z, Estee Lauder’s New Incubation Ventures, OrangeDao and 2Punks Capital. Kiki allows community members to vote on the features they want before beauty products are produced. As a reward, voters can earn points to purchase free products. Additionally, they have the opportunity to purchase the company’s digital tokens. Members’ product votes will be recorded in Ethereum.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!