Advertisement

Loading...

🧑‍🌾 Pendle TVL Explodes Thanks to Airdrops Frenzy

Together with

the-defiant

GM Defiers!

Pendle is among the top beneficiaries of the ongoing points farming frenzy, with its TVL jumping 40% in two weeks to almost $4 billion amid the launch of USDe pools. On the subject of airdrops, Wormhole’s W token is trading at a more than $2 billion market cap following its highly-anticipated token generation event.

In other news, Vana’s new Reddit Data DAO promises to decentralize user data for AI modeling, Chile’s web3 community is preparing for the introduction of new legislation recognizing “crypto assets” as a distinct financial category, and Zircuit has amassed more than $1 billion in ETH prior to its mainnet launch.

Plus, the SEC has opened up public commentary on the pending cohort of spot Ether ETF hopefuls, but analysts are skeptical the funds will receive approval.

✍️ In today’s newsletter:

  • Points farming mania drives Pendle growth
  • Wormhole airdrops more than $2B to early adopters
  • Reddit Data DAO launches on Vana
  • Chile prepares to legally recognize ‘crypto assets’
  • Zircuit lures $1B with pre-mainnet rewards
  • SEC fields public commentary on Ether ETFs

🙏Sponsored

📈 Markets in the last 24 hrs:

TickerValue24h
TickerValue24h
Bitcoin$66,2121.18 %
Ethereum$3,320 1.37 %
Gold 1st Future$2,294 1.48 %
S&P 5005211.49 0.11 %
Arch Web32.72 -1.54 %
Learn more about Arch Indices ,[object Object]%

🎬 WATCH

Check out our guide to earning memecoins using Farcaster and Drakula. Also, watch our podcast with TN Lee, the founder of Pendle, to learn about the innovative yield tokenization protocol.

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

the-defiant

NEAR is the chain abstraction stack, empowering builders to create apps that scale to billions of users and across all blockchains.

the-defiant

DeFi Saver is an all-in-one management dashboard for decentralized finance protocols, with more powerful interfaces, trading features and automation options for Aave, Compound, Curve, Spark, Morpho Blue & more.

the-defiant

Summer.fi is a platform for decentralized finance, to borrow stablecoins against users’ favorite cryptocurrencies, increase exposure against them, or Earn a competitive yield. All of this across multiple protocols and Layers.

🎈 Pendle TVL Approaches $4 Billion On Airdrop Farming Demand

the-defiant

Pendle, the leading yield tokenization protocol, is rocketing through the DeFi rankings as degen farmers seek out boosted yields and points allocations. Its TVL is up 40% in two weeks while daily trade volume posted to a record high above $500 million following the launch of Pendle pools supporting Ethena’s USDe stablecoin.

🕳️ Wormhole's W Token Climbs to $2.5 Billion Market Cap Post Airdrop

Wormhole’s W token boasts a more than $2 billion market cap roughly one day after its token generation. 11% of the token’s supply was airdropped to early adopters, with an additional 6% set to unlock in four months’ time.

🤖 Vana Launches DAO Allowing Users To Control and Sell Their Reddit Data

Vana, a project allowing the creation of decentralized datasets and AI models, announced the launch of the Reddit Data DAO on its network. The DAO will provide tokens incentivizing Reddit users contributing data towards a pooled dataset that can be sold to AI companies pending governance approval.

SPONSORED POST

the-defiant

EAST Blue is a "Bitcoin Super App" designed to facilitate mass adoption of Bitcoin. It provides a user-friendly interface to manage Bitcoin transactions on layer 1 and layer 2 solutions. We offer real-time portfolio tracking and insights into innovative Bitcoin projects. By consolidating key Bitcoin services into a unified platform, EAST Blue aims to streamline interactions with the expanding Bitcoin ecosystem for mainstream users.

Learn how NEAR Protocol's Chain Abstraction will fuel an entire ecosystem built around native Bitcoin

🇨🇱 Chile Stands to Lead Latin America For Crypto Regulation, Even as it Lags in Adoption

Chile’s web community is gearing up for the country to legally recognize “crypto assets” as a distinct financial category with the February 2025 introduction of a bill passed by lawmakers in 2023. Despite the progressive legal framework, Chile is lagging in local web3 adoption compared to other nations in the Latin region.

💰 Zircuit Attracts More Than $1B In Pre-Mainnet Deposits Over Six Weeks

Zircuit, an upcoming zero-knowledge Ethereum rollup, has amassed more than $1 billion worth of ETH and Ether staking derivatives six weeks into its pre-mainnet points campaign. Zircuit began incentivizing testnet-based development last week with the launch of its Build to Earn program.

📢 SEC Asks For Public Comments On Ethereum ETFs But Experts Say It’s Not Bullish

The SEC opened its 21-day public commentary period on the pending applications from spot Ether ETF hopefuls. However, analysts remain doubtful that funds will soon receive regulatory approval, noting that the commentary period is standard procedure.

🌍 ELSEWHERE

  • Bitcoin Cash successfully completes halving, price leaps to its highest since 2021 (CryptoSlate)
  • OneCoin Legal Head Gets Four Years in $4 Billion Crypto Scam (Bloomberg)
  • Galaxy Plans to Raise $100M for Crypto Venture Fund (CoinDesk)

🔥 TRENDING

The Defiant Alpha
“an industry must-read
new-york

Get even more! For actionable insights and community access, Join The Defiant Alpha to receive:

  • The Defiant Daily | Mon to Fri
  • Weekly Recap | Saturdays
  • DeFi Alpha | Sundays
  • Access to exclusive degen chats and events

Become a Member