⚖️DEX Activity Hits New Highs

Happy Thanksgiving Defiers!🦃

Monthly DEX volume is at a record high above $354.1 billion for November so far. The milestone has been propelled by unprecedented trading on Solana, Base, and Arbitrum.

AI agents are making waves on Base, with Clanker collecting more than $1M in daily revenue and tokens linked to Virtuals Protocol agents soaring.

Charles Hoskinson, the founder of Cardano, is tipping that BTC will tag $500,000 within two years.

Also, Bitwise files to convert top 10 crypto fund into an ETF, Binance launches yield-bearing stablecoin, CryptoPunk collateralizes $2.75M loan, and Schuman Financial ships Euro stablecoin.

✍️ In today’s newsletter:

DEX volume surges to new highs
Clanker AI agent rakes $1.2M in daily fees
Virtuals Protocol propels AI boom on Base
Cardano founder eyes $500k BTC
Bitwise files for top 10 crypto index ETF
Binance’s BFUSD goes live
Gondi facilitates $2.75M loan against Punk 8348
New MiCa-compliant EU stablecoin enters market

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What is Humanity Protocol?

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Goat Network is the first BTC L2 to offer sustainable BTC yield

DIA Lasernet is live on testnet: the first Layer-2 rollup designed for oracle infrastructure, built in collaboration with Conduit, OP Stack, Celestia & Hyperlane.

🚀Memecoin Mania Drives Record Monthly DEX Volume

The combined monthly volume on decentralized exchanges is at an all-time high of $354.15 billion. The memecoin trading frenzy is a major factor behind the milestone, with unprecedented activity on Base and Ethereum Layer 2s.

📈Clanker Gives Rise To AI Memecoin Boom On Base

The Clanker AI agent is fuelling memecoin activity on Base. The agent, which creates tokens in response to text prompts from Farcaster users, raked in $1.2 million in daily fees on Nov. 26.

🤖Virtuals AI Agent Protocol Soars as Base Activity Hits All-time High

Virtuals Protocol is also driving an AI surge on Base. AIXBT, a token launched using the agent, has surged to a $112 million market cap, while the VIRTUAL token gained 55% in one week to boast a $860 million capitalization.

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AURUS is set to change crypto by infusing real-world value into DeFi, NFTs, GameFi, and more with tokenized gold and silver.

Moving beyond commodity trading, AURUS brings stability and fresh energy to Web3 applications. Exciting partnerships—like those with a top-2 meme coin and a major eGaming brand—add to its momentum. With newly upgraded tokenomics, the ecosystem is further strengthened by the launch of $AURUS, designed to enhance on-chain liquidity and drive growth. Key updates include a burn of half the legacy token supply, a tiered rewards program, and attractive incentives for both early and new supporters. AURUS’s combination of real-world assets with innovative tokenomics may mark the start of a Golden Era for crypto.

🤔Cardano Founder Charles Hoskinson Says BTC Will Reach $500k in Two Years

Charles Hoskinson, the founder of Cardano, believes the price of Bitcoin could enjoy a five-fold increase to $500,000 in coming years. Hoskinson attributed his prediction to growing government adoption of BTC.

📄SEC Receives Filing For Bitwise 10 Crypto Index ETF

Bitwise has filed with the SEC to convert its top 10 crypto index fund into an exchange-traded fund. The news comes amid growing competition from asset managers to bring crypto ETPs to market.

💵Binance Launches Yield-Bearing BFUSD for Futures Trading

Binance has launched BFUSD, a yield-bearing stablecoin tipped to offer an APY of more than 19%. Futures traders can access the token based on their VIP level with the exchange.

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Humanity Protocol is a zero-knowledge EVM-compatible Layer 2 that aims to solve the digital identity crisis posed by issues such as the growth of bot sophistication and deepfake content.

Humanity Protocol leverages blockchain with non-invasive biometrics data to create its “Proof-of-Humanity” (PoH). PoH serves as a verification system in digital networks without the need to repeatedly divulge sensitive or personal information.

This approach to ID verification offers a modern, decentralized, and efficient approach to identification management in an increasingly digital world and can also mitigate crypto-specific issues like sybil attacks and fraud scams.

Humanity Protocol raised $31.5 million in funding in 2024, and is led by its CEO and Founder Terrence Kwok, and features advisors such as the founder of Animoca Brands, Yat Siu, and Sandeep Nailwal, the co-founder of Polygon.

💰Rare CryptoPunk Used as Collateral for $2.75 Million Loan

The NFTfi platform Gondi facilitated a $2.75 million loan backed by a rare CryptoPunk NFT. The token was last traded for 85 ETH worth $18,000 in May 2020.

💶Schuman Financial Rolls Out EURØP MiCa-Compliant Stablecoin

Schuman Financial, a company founded by two former Binance executives, launched the EURØP stablecoin. The token complies with Europe’s Markets in Crypto-Asset Regulations, and its reserves are held by government-supervised European banks.

🌍 ELSEWHERE

Ex-Binance Executive Brings Whistleblower Claim Alleging Bribery (Bloomberg)
Bitcoin Miners Approach $40B Market Cap as Difficulty Set for Fifth Straight Increase (CoinDesk)
Celsius to distribute $127 million to creditors in second bankruptcy payout (The Block)
Sui Is One of the Worst Performing Coins in Past Week Ahead of $200 Million Token Unlock (Unchained)