The Solana Airdrop Season is in Full Gear
Title: An Eventful Week in DeFi: New Releases, Exploits, and Airdrops in Full Swing
Introduction
It’s been an eventful week in the world of decentralized finance (DeFi) with new product launches, exploits, and airdrops in full swing. Let’s dive deeper into what went down in DeFi this past week.
Total Value Locked Climbs
The total value locked (TVL) across all chains continue their climb for the third week in a row, with cryptocurrency majors pushing towards new yearly highs. Notable outperformers include BitDAO-backed L2, Mantle, and ConsenSys-backed zero-knowledge Ethereum Virtual Machine (zkEVM) chain, Linea, which saw increases of 35% and 25% in TVL respectively.
Alpha Central Report
0xShual covers how he looks at on-chain trading, using two examples. The report suggests checking the behaviors of top holders and liquidity providers and observing the behavior of recent buyers and sellers. It also emphasizes looking into the liquidity in the liquidity pool and V2 and V3 pools.
Decentralized Physical Infrastructure Sector
Stacy dives deep into the growing decentralized Physical Infrastructure sector, or DePIN for short. The report covers industries such as cloud services, telecommunications, sensor analytics, and energy networks, highlighting the interesting use case for uniting decentralized infrastructure together for a common cause using the token model to create a positive flywheel between network usage and token price.
Kyber Network Exploiter Demands Full Control
The Kyber Network exploiter demands full control over the protocol, adding to the drama in the world of DeFi.
Chainlink Unveils Chainlink Staking v0.2
Oracle protocol, Chainlink, officially deploys Chainlink Staking v0.2 on the Ethereum mainnet. It will open up in three phases, starting with existing v0.1 stakers to migrate their positions, followed by Early Access users and finally, General Access.
Product Launches and Updates
ETH liquid staking protocol, Stakewise, unveils Stakewise V3 on the Ethereum mainnet, introducing the ETH staking marketplace with osETH, Stakewise’s own liquid staking derivative (LSD) token. Velodrome and Aerodrome suffered a frontend exploit, Quickswap partners with Steer Protocol, Cryptex Finance launches Pi, and other product launches and updates were also announced this week.
Cosmos and DYdX Announcements
Cosmos co-founder proposes the forking of the Cosmos Hub, and DYdX chain goes live with trading and trading rewards.
Solana Airdrop Season
Dominant Solana liquid staking protocol, Jito, announces their upcoming token, JTO, and retrospective airdrop, while Solana DEX aggregator, Jupiter Exchange, releases their airdrop checker for the first wave of their retrospective airdrop to users of the platform.
Conclusion
It’s clear that the world of DeFi is abuzz with activity as new releases, exploits, and airdrops continue to capture the attention of the ecosystem. Stay updated on your favorite projects and stay tuned for next week’s edition.
I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.
