OKX announced on April 4 that it will add Zeus Network (ZEUS) to its roster. Xterio stated that it will work with AltLayer. Ellipsis Labs has completed $20 million in Series A financing. Pendle broke records in TVL and transaction volume! The Mina (MINA Coin) team announced that the devnet upgrade will take place on April 9. Here are the details…
There is news from PENDLE, MINA Coin and these 3 altcoins!
OKX to list Zeus Network (ZEUS)
cryptokoin.comAs you follow from , crypto exchanges continue to update their lists. Leading crypto exchange OKX announced on April 4 that it will add Zeus Network (ZEUS) to its list. Accordingly, ZEUS/USDT will open spot trading on April 4 at 22:00. Zeus Network is the first project of Jupiter LFG Launchpad. According to on-chain data, ZEUS transaction volume exceeded $100 million just 20 minutes after its launch. Additionally, the token saw an increase from $0.7 to $1 during the day. At the time of writing, it was changing hands for $0.83.
Xterio will work with AltLayer
Blockchain game publisher Xterio announced that it will work with AltLayer. In this context, they will create Xterio Chain, a groundbreaking Layer 2 network powered by Optimism and EigenDA. The collaboration aims to define the growing world of AI-based Web3 gaming. Xterio prides itself on its fast turnaround, innovative re-engineered rollup capabilities, high-level security and liquidity. Thus, it became a platform for gaming enthusiasts to create, share and participate in immersive Web3 games.
Ellipsis Labs completes $20 million Series A financing
Ellipsis Labs has completed a $20 million Series A financing led by Paradigm and with the participation of Electric Capital. The company’s first product is a decentralized exchange called Phoenix, which launched in February 2023. The company launched its public user interface in August last year. The funds will accelerate efforts to “create a new financial ecosystem and deliver competitive financial products on high-efficiency Blockchain” while combining the accessibility and transparency of DeFi with the efficiency of traditional markets, the company said in a statement. Last August, Ellipsis Labs closed a $3.3 million seed round led by Electric Capital.
Pendle, TVL vto your transaction volumealso broke a record!
Yield platform Pendle reached a total locked value of $4 billion. Additionally, it recorded a transaction volume of $10 billion. The crypto value held on the platform increased by 4.95%. Pendle’s basic idea is to divide yield-generating assets into two: underlying asset and yield, so that they can be bought and sold separately. The fact that the transaction volume on the platform has reached 10 billion dollars shows that it has gained popularity.
Pendle is benefiting significantly from the ETH restaking boom. It also hosts trading mostly focused on ETH and its associated liquid restaking tokens. Inflows from these liquid restaking platforms increased the value in Pendle. For example, weETH holdings from liquid restaking platform EtherFi rose 13% last week. Pendle currently holds 263,442 weETH. Similar entries also come from a liquid repurchase protocol called Renzo.
Mina Network (MINA Coin) announced major upgrade!
The Mina (MINA Coin) team announced that the devnet upgrade will take place on April 9. This upgrade will bring ZK programmability and other important features. Therefore, this upgrade is very important for Mina (MINA Coin). The team aims to ensure the robustness of the scripts and archive node migration tools. They also performed end-to-end simulations of devnet and main-net upgrades to prepare for different migration scenarios.
The team is working closely with ecosystem partners to troubleshoot and provide assistance during the upgrade process. The timeline for the main-net upgrade will depend on the results of the devnet upgrade and the improvements required. The team admits that not having concrete dates can be frustrating. But they are looking for feedback on the devnet upgrade to accurately estimate the main-net upgrade timeline.
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