💸MEXC Launches $300M Fund To Drive Web3 Innovation

gm Defiers!

The cryptocurrency market recorded modest gains on Thursday following positive macroeconomic data.

In other news, MEXC announced plans to launch a $300 million Ecosystem Development Fund to drive Web3 innovation while Maple Finance introduced a $500,000 incentives program.

Plus, a new survey by on-chain UX platform Reown found that 62% of active crypto users now manage more than one wallet.

✍️ In today’s newsletter:

MEXC introduces $300M fund to boost Web3 growth
Maple Finance rolls out $500K rewards program
Crypto rallies as soft US data lifts investor sentiment
Memecoin launchpads move in on PumpFun’s turf
Securitize and Gauntlet bring Apollo credit fund on-chain
Telegram Bond fund to tokenize $500M in debt on TON
Most crypto users now manage multiple wallets, says Reown report

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Kinza Finance is a Binance-labs backed DeFi lending protocol with native Babylon-powered Bitcoin staking. Deposit & earn points in Airdrop Points Season 2 (April-July) to participate in Kinza's highly anticipated airdrop.

Soul is a cross-chain lending protocol aggregator that unifies liquidity across lending protocols, offering seamless access to the best borrowing and lending rates across ecosystems. Users can supply assets on one protocol and borrow against them on another, optimizing yield strategies without bridging assets.

Maple celebrates surpassing $1b in TVL by giving away $500k USDC in rewards. There are multiple prizes up for grabs with a $300k grand prize for SyrupUSDC depositors.

💰MEXC Launches $300M Ecosystem Fund to Accelerate Web3 Innovation

Cryptocurrency exchange MEXC launched a $300 million Ecosystem Development Fund to drive web3 innovation over the next five years. Announced at Token2049 in Dubai, the fund will support early-stage blockchain startups.

💸Maple Finance Launches $500K Incentives Program

Maple Finance is launching a $500,000 incentives program for May, following its recent $1 billion total-value locked (TVL) milestone. To participate, users must mint at least $1,000 in SyrupUSDC, the protocol’s yield-bearing stablecoin, and hold it for six months.

⬆️Crypto Prices Jump as Soft US Data Fuels Bullish Sentiment

The cryptocurrency market recorded gains on Thursday, May 1, driven by softer-than-expected macroeconomic data. Bitcoin rose 3.5% to surpass $97,000, while Ethereum surged 5.5% to around $1,862.

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DeFi Saver launches the new Discover feature in an effort to aid users in making well-informed, optimal decisions for their investments. Users are now able to have a clear overview of all available market options on DFS, in one easy click. You can filter out specific collateral and debt tokens, liquidity pools and protocols across Ethereum mainnet, Arbitrum, Optimism and Base networks, without the need to collect your wallet. Built for all users regardless of experience or portfolio size, Discover is here to help all users optimize their DeFi strategies with ease.

🪪Majority of Crypto Users Now Manage Multiple Wallets: Reown Report

A new survey by on-chain UX platform Reown shows that 62% of active crypto users now manage multiple wallets, a 15% increase since 2024. The report highlights that 48% use different wallets for various networks, while 44% cite security concerns as the main reason, up from 32.8% in 2024.

🚀Telegram Bond Fund to Tokenize $500 Million of Debt on TON Blockchain

Real-world assets (RWAs) are making their way to The Open Network (TON) with the launch of the $500 million Telegram Bond Fund (TBF), which will tokenize Telegram debt for accredited investors. Libre Capital is spearheading the fund.

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🤝Securitize and Gauntlet Bring Apollo Credit Fund On-Chain in DeFi Push

Tokenization platform Securitize has teamed up with Gauntlet to bring Apollo's credit fund on-chain, aiming to bridge real-world assets (RWAs) with decentralized finance (DeFi). The partnership introduces a "levered yield strategy".

🪙 Memecoin Launchpads Take Aim at PumpFun’s Dominance

As the memecoin scene heats up again, launchpad activity is picking up, with competition rising against the dominant platform, PumpFun. Newcomers like Raydium’s LaunchLabs and Bonk’s Let’s Bonk are gaining traction amid the market recovery.