Weekly Recap！A week for memecoin
gm / gn guys,
We saw a ~10% drop of $ETH last week. Is that gonna a problem? Of course no! TVL in DeFi protocols is still increasing. We are about to reach $300 billion TVL millstone.
More MEMEs went alive last week. $GM, $gm, $GN, $WGMI…… Even through they are just memes, they stands for a kind of native culture of cryptocurrencies. Besides, we are generally accepting that every chain will have its own memes and the biggest one will become the chain’s mascot. We know that memes are fast and excited, but they are also extremely risky. Be careful when you are investing them.
NFT and Gaming are fast growing. $IMX went live for trading on multiple CEX. One of the biggest game on Polygon, Ember Sword, decided to move to ImmutableX. Rariable was fully integrated with Flow. YGG purchased $91k worth of assets in DeHorizon.
On Solala, UXD just finished its IDO today and raised $57m. Across Protocol (a cross chain protocol) went live. Psyoptions announced that it would launch margin-based European options. Jet Protocol closed a $6.8 million funding. Neon Labs raised $40m. Aave announced that it would come to Solana in the future. Asset Dashboard on Solana, Sonar will soon launched on Solanium on Nov 19th.
There are more in the following pages. Check it if you want to get the latest research.