📈 PancakeSwap Tops Uniswap in Daily Volume, CAKE Jumps 40%

gm Defiers!

The crypto market is seeing major shifts, from PancakeSwap overtaking Uniswap in daily volume to ERC-20 tokens surpassing ETH in market cap.

Meanwhile, Hamster Kombat’s Layer 2 activity has plummeted 99%, and Hyperliquid faces pressure as HYPE crashes 40%.

✍️ In today’s newsletter:

• CAKE soars 40% as PancakeSwap overtakes Uniswap in volume
• World App announces partnership with Razer
• Crypto slips as investors brace for key Fed decision
• ERC-20 tokens on Ethereum now exceed ETH in market cap
• Solana community votes down SIMD-228
• Institutions are buying high and selling low on Bitcoin
• Hamster Kombat’s layer 2 activity crashes 99%
• Hyperliquid revamps margin system after $4M loss

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📈 Markets in the last 24 hrs:

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📈CAKE Surges 40% as PancakeSwap’s Daily Volume Outpaces Uniswap

PancakeSwap was the top DEX by daily volume the past 24 hours, outpacing Uniswap by 60% as memecoin mania drives activity on BNB Chain. CAKE also soared 41% in the past 24 hours and 67% over the week.

🤝World App Expands Ecosystem into Gaming With Razer Partnership

World Network is partnering with gaming giant Razer to introduce ‘Razer ID Verified by World ID,’ a proof-of-human system designed to help gamers distinguish real players from bots.

⏬Crypto Market Dips as Investors Await Key Fed Decision

The crypto market edged lower ahead of Wednesday’s FOMC meeting, with traders seeking clarity on future interest rate policy. The total market cap slipped 1% to $2.83 trillion, as Bitcoin dipped to $83,600.

💰Ethereum ERC20 Tokens Are Now More Valuable than ETH

ERC-20 tokens now make up a larger share of Ethereum’s secured value than ETH itself. ERC-20 tokens hold a combined market cap of nearly $261 billion, surpassing ETH’s $237 billion and accounting for 51% of the network’s $500 billion in total value.

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🛑Solana Community Rejects SIMD-228 Proposal to Reduce Token Emissions

Solana validators have voted down the SIMD-228 proposal, which aimed to reduce SOL token emissions through a dynamic staking-based model. Despite securing 61.6% support, the proposal fell short of the required two-thirds majority.

🗣️Institutions are Top Blasting and Bottom Selling Bitcoin Just Like Us

A new report suggests Bitcoin ETF investors are reacting to market swings like retail traders, with inflows peaking at local tops and outflows surging at lows.

📉Activity on Hamster Kombat’s Layer 2 Network Plummets 99%

Transaction volume on Hamster Kombat’s Layer 2 blockchain has plummeted just two weeks after launch, dropping from 150 million daily transactions on Feb. 25 to just 38,400 on March 14.

💸Hyperliquid Overhauls Margin Mechanism After $4 Million Loss

Hyperliquid is under pressure after a $4 million loss in its HLP vault shake investor confidence. Meanwhile, HYPE plunged 40% in the past month. In response, the DEX is overhauling its margin system to prevent similar exploits.

🌍 ELSEWHERE

• Strategy Buys More Bitcoin After Announcing Preferred Sales (Bloomberg)
• Robinhood Brings Prediction Market Hub to Market After Success of Crypto-Based Polymarket (CoinDesk)
• Bitcoin stuck under $85K as outflows surge, but XRP sees $1.8M inflows (TheStreet)

🔥TRENDING

• Ethereum ERC20 Tokens Are Now More Valuable than ETH
• Solana Community Rejects SIMD-228 Proposal to Reduce Token Emissions
• Institutions are Top Blasting and Bottom Selling Bitcoin Just Like Us
• Activity on Hamster Kombat’s Layer 2 Network Plummets 99%
• Hyperliquid Overhauls Margin Mechanism After $4 Million Loss
• Bitcoin Rallies Above $84,000 as Crypto Market Rebounds