Dymension’s modular liquidity layer is now live. Mask Network has launched its second fund from its venture capital division Bonfire Union. Fantom Foundation announced the 5 winning projects of the Sonic Labs incubator. Binance announced that it will list Pixels on futures. And more!
There is hot news from Binance, Fantom, Dymension and 8 altcoins…
Dymension launches modular liquidity layer
Dymension’s modular liquidity layer is now live. At the same time, the developers also launched Dymension’s embedded AMM. This launch lays the groundwork for the next phase of RollApps’ permission phase. It will also enable users and protocols to share liquidity based on common security. Thus, it will form the basis for Dymension’s settlement and liquidity layers.
Developers launch Paradex on mainnet on Starknet
Decentralized continuous derivative Layer2 application blockchain based on Starknet has been launched on Paradex main-net. This application was reportedly incubated by Blockchain’s cryptocurrency institutional liquidity platform Paradigm (not a venture capital firm). Paradex is a decentralized perpetual derivative Layer2 application blockchain that combines the liquidity of Paradigm with the transparency and self-storage of DeFi. It will operate as its own blockchain based on the Starknet developer stack. Additionally, this development is the result of a six-month collaboration between StarkWare and Paradigm.
Kaiko: Coinbase’s growth rate exceeds Binance
Coinbase’s average transaction size grew faster than Binance’s last year, according to a Jan. 19 report from Kaiko Research. The introduction of the spot Bitcoin ETF list was effective in this. In the second half of February, BTC’s daily trading volume exceeded US$10 billion. Additionally, Bitcoin’s average transaction size across 33 exchanges reached a one-year high on February 13.
Bonfire Union launches second fund totaling $100 million
Mask Network, a decentralized social networking protocol, has launched its second fund from venture capital division Bonfire Union. Since its establishment in 2022, the total fundraising amount of the two funds has reached 100 million dollars. Bonfire Union aims to strategically invest in decentralized social networks and infrastructure. To date, more than 120 projects have joined the Mask Network ecosystem under the Bonfire Union umbrella, including some of the fastest growing Web3 projects such as RSS3, Lens and Scroll.
Fantom Foundation announces 5 winning projects from Sonic Labs incubator
With an official announcement, Fantom Foundation announced the 5 winning projects of the Sonic Labs incubator. Among them is Lynx, a permanent DEX project that supports any token as collateral. Also featured is Thunder Dome, a social protocol. Dēbita, a P2P lending platform, is among them. KiriCoin, a green technology startup, and Froqorion, an RPG Blockchain game. The program will provide financial support of 1 million FTM (approximately $294,000) to each of up to five projects. In addition, it will provide technical support, joint marketing and mentor guidance.
Binance adds Pixel (PIXEL) to futures trading
Meanwhile, Binance announced the addition of Pixels (PIXEL) to Binance Simple Earn and Binance Convert. In addition, Binance will list PIXEL on Binance Margin and Binance Futures on February 19 at 18:00 UTC, respectively. Additionally, Binance will add it to Auto-Trading on February 21st at 03:00 UTC. The exchange will add PIXEL to the Cross and Isolated Margin at PIXEL/USDT. Binance Futures will launch the USDⓈ-M PIXEL Perpetual Contract with up to 50x leverage.
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