The Defiant

GM Defiers!

Dogwifhat, the recently rocketing Solana-based memecoin, raised $691,000 USDC to fund the token’s logo hosted on the Las Vegas Sphere. The news comes after the project’s WIF token gained 758% in the past 30 days.

EtherFi’s token generation event has been pushed ahead of schedule by one month, with Binance announcing it will list ETHFI from March 18. The listing will follow four days of farming on Binance Launchpool and also comes as EtherFi is wrapping up Season 1 of its points campaign.

Aevo’s airdrop distributed $97 million worth of tokens to early adopters, giving the asset a more than $3 billion fully-diluted valuation. However, some recipients are complaining about the fees associated with claiming the token on the Ethereum mainnet.

Plus, we spoke to leading Layer 2 developers to find out about the lesser-known EIPs included in Ethereum’s freshly deployed Dencun upgrade.

✍️ In today’s newsletter:

Dogwifhat raises $691k for Las Vegas Sphere ad
L2 devs weigh in on lesser-known Dencun EIPs
EtherFi token to launch within days
Aevo airdrops $95 million to users

🙏Sponsored

Stellar Network Real-World Rails Bring DeFi to New Audiences

📈 Markets in the last 24 hrs:

	Ticker	Value	24h

Ticker	Value	24h
Bitcoin	$72,9852.12	%
Ethereum	$3,988 0.22	%
Gold	1st Future$2,175 0.69	%
S&P 500	5165.31	-0.19 %
Arch Web	33.33 1.65	%
Learn more about Arch Indices ,[object Object]		%

🎬 WATCH

Check out our review of the GridPlus Lattice1 hardware wallet. Also watch our podcast with Evan Cheng, the former Apple Engineer who co-founded Mysten Labs, the team behind Sui Network, to learn about the Layer 1 blockchain’s roadmap and ambitions.

🐶 DogWifHat Community Raises $690K To Put Meme On Vegas Sphere

The Dogwifhat community has contributed $691,000 to fund advertising the booming Solana memecoin on the Las Vegas Sphere. Advertisers can display images on the 366-foot-tall dome structure for $650,000 per week. WIF is up 35% in 24 hours in response to the news.

👀 Beyond Blobs: Diving Into Dencun’s Overlooked Upgrades

Ethereum’s long-awaited Dencun hard fork went live yesterday, dramatically reducing Layer 2 transaction fees through EIP-4844. However, a suite of lesser-known upgrades also bolstered block space efficiency, user security, and network validation across Ethereum. The Defiant spoke to leading Layer 2 developers to learn more.

🪙 EtherFi Expedites Roadmap, Will Launch Token In Coming Days

EtherFi’s token is set to launch in the coming days, roughly one month ahead of schedule. The ETHFI token will launch on Binance come March 18, following a Binance Launchpool farming campaign and Season 1 of EtherFi points distributions.

🪂 Aevo Airdrop Leaves Some Farmers Fuming as Token Debuts at $3B Valuation

Aevo, a decentralized derivatives DEX, airdropped $95 million worth of AEVO tokens to early users. However, some recipients are complaining after being forced to cough up high transaction fees to claim and trade the tokens on the Ethereum mainnet.

🌍 ELSEWHERE

Hong Kong Starts New Phase of CBDC Testing (CoinDesk)
BNB Chain introduces rollup-as-a-service solution to expand its Layer 2 ecosystem (The Block)
Court rules Craig Wright is Not Bitcoin creator Satoshi Nakamoto (CryptoSlate)