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⬆️NFT Trade Volume Tags Multi-Month High

The Defiant

DeFi Alpha

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The NFT markets are making a comeback, with daily volume posting a four-month high of $28.6M on Nov 10. The milestone marks a nearly 400% increase in trading over the past month.

Infura has teamed up with Microsoft, Tencent, and 16 other launch partners to deploy its long-awaited Decentralized Infrastructure Network. The DIN enables developers to connect to Ethereum and other networks without exhibiting a central point of failure.

CertiK, a web3 security firm, warned that Solana's Saga phone exhibits a critical vulnerability. Solana disputed CertiK's finding, stating the vulnerability cannot be exploited without manual authorization from a phone's user.

PayPal described blockchains as financial rails underpinning new forms of payment. PayPal was recently subpoenaed by the U.S. Securities and Exchange Commission over its PYUSD stablecoin.

Uniswap launched its long-awaited Android to a waitlist of 430,000 users. Uniswap is targeting non-U.S.-users with the launch, with Android accounting for 70% of mobile users globally.

Plus, JP Morgan.'s digital asset unit, Onyx, teamed up with Avalanche to launch a Proof of Concept overlooked by Singapore's central bank.

✍️ In today’s newsletter:

  • NFT volume up 400% in one month
  • Infura taps tech heavyweights for decentralized infrastructure
  • Solana disputes phone vulnerability
  • PayPal says blockchain is the future
  • Uniswap launches Android app
  • JP Morgan partners with Avalanche

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🎬 WATCH

Check out our interview with Star Atlas CEO, Michael Wagner to learn more about the web3 gaming and Solana ecosystems. And watch our podcast with Brendan Malone of Paradigm to learn about the top web3 VC firm's new Policy Lab.


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