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⬆️Mode Adoption Surges After Airdrop Announcement

The Defiant

DeFi Alpha

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Mode is the latest Layer 2 network to enjoy a surge in growth after announcing a points-fuelled airdrop campaign. Network TVL has rallied from zero to more than $64M within four days, while $24M is locked in native DeFi dApps.

In other news, dYdX unveils its 2024 roadmap, ENS teams up with GoDaddy, Bitcoin Stamps seek to rival inscriptions, and Pike Finance launches in beta.

Plus, the web3 community is unhappy with Jupiter for carrying out a JUP tokensale on its LFG launchpad.

✍️ In today’s newsletter:

  • Points campaign drive up Mode TVL
  • dYdX's 2024 roadmap
  • ENS and GoDaddy team up
  • Counterparty's Bitcoin Stamps
  • Pike launches cross-chain DeFi
  • JUP tokensale riles community

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Check out our discussion with Tina and Teddy to learn more about EigenLayer, the pioneering Ethereum restaking protocol. Also watch our podcast with Thomas Mattimore, CEO of ABC Labs, to find out about creating asset-backed stablecoins using Reserve Protocol.


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A developer-friendly, Rust-based smart contracts platform designed for scale and sensibility. Coming soon to mainnet, Soroban seamlessly integrates with and works alongside the existing Stellar blockchain. Start building on Soroban today.

The Reserve protocol empowers anyone to launch and govern currencies called “RTokens” backed by baskets of onchain collateral. Preserve your spending power with yield-bearing RTokens like ETH+ and hyUSD.