Key market information gap on October 17, must read! ｜Alpha Morning News

Featured News

1.The total market value of cryptocurrency rebounded to exceed 2.4 trillion US dollars

2.Yesterday, the US Bitcoin ETF had a net inflow of 452 million US dollars

3.The total open interest of Bitcoin contracts on the entire network exceeded 39 billion US dollars, setting a new record

4.The market value of Meme coin GOAT exceeded 360 million US dollars, continuing to set a new record

5.Binance Labs invests in Bitcoin liquidity staking platform Lombard

New product discovery (‼️High Rug risk‼️)

Daily new projects or community attention dynamics, filtered and sorted by the number of followers and growth of X Alpha accounts

Data source: getmoni.io

BlockBeats Note: The following are all early projects with a small number of followers. Rug and contract risks are extremely high. Please participate with caution. This is not an investment advice

Bera Book (@BeraBook)

Berachain's DEX, but similar to CEX.

Glaze (@GetGlazedHQ)

The consumer layer of Web 3.

Plasma (@PlasmaFDN)

An execution environment for payments, RWAs and DeFi powered by USD₮, with trustless settlement on Bitcoin.

Articles Threads

1.《State of Crypto Report 2024: New data on swing states, stablecoins, AI, builder energy, and more》

a16z

1. Cryptocurrency activity and usage hit record highs
2. Cryptocurrency has become a key political issue ahead of the US election
3. Stablecoins have found product-market fit
4. Infrastructure improvements have increased capacity and slashed transaction costs
5. DeFi remains popular and growing
6. Cryptocurrency can solve some of AI’s most pressing challenges
7. More scalable infrastructure unlocks new on-chain applications

2.《State of Crypto Report 2024: New data on swing states, stablecoins, AI, builder energy, and more》

a16z

1. Cryptocurrency activity and usage hit record highs
2. Cryptocurrency has become a key political issue ahead of the US election
3. Stablecoins have found product-market fit
4. Infrastructure improvements have increased capacity and slashed transaction costs
5. DeFi remains popular and growing
6. Cryptocurrency can solve some of AI’s most pressing challenges
7. More scalable infrastructure unlocks new on-chain applications

href="https://x.com/DefiIgnas/status/1846595669131247886" target="">L2s Are the New Old L1s—And Why ETH's Price Is Stuck.》

Ignas, DeFi Researcher

In general, Ethereum is not the winner of the L1 war, and the value accumulation of all L2s is unclear. This is a good thing for the entire industry. Even if Ethereum fails, alternative L1s are building their own future. They also provide use cases that Ethereum may not be the best fit for, and it's time for L2 to prove this.

3.《Possible futures for the Ethereum protocol, part 2: The Surge》

Vitalik

Getting more users onto L1 means not only improving scale, but also improving other aspects of L1. This means that more MEV will remain on L1 (rather than just becoming a problem for L2), so it is more urgent to deal with it explicitly. It greatly increases the value of fast slot times on L1. And it also relies heavily on the smooth progress of L1 ("The Verge") verification.

Selected data

1.World Liberty Financial data

Source: @fergmolina

2.Superchain Overview

Source: token terminal

DeFi dynamics

Daily changes in DeFi market funds and transaction volume, by DEX aggregator and Perp DEX Filter and sort by trading volume and growth rate

Data source: DeFiLlama

DEX aggregator Volume change

1.EISEN Finance (multi-chain ecology)

24-hour trading volume increase: +10.93%

7-day trading volume increase: +37.99%

24-hour trading volume: $1.03m

7-day cumulative trading volume: $6.05m

2.1inch Network (multi-chain)

7-day trading volume increase: +3.50%

24-hour trading volume: $209.08m

7 Daily cumulative trading volume: $1.312b

3.AVNU (Starknet Ecosystem)

7-day trading volume increase: +321%

24-hour trading volume: $6.78m

7-day cumulative trading volume: $23.64m

Perp DEX Volume Change

1.JOJO (Multi-chain Ecosystem)

7-day trading volume increase: +51.99%

24-hour trading volume: $139.69m

7-day cumulative trading volume: $875.48m

2.APX Finance (Multi-chain Ecosystem)

7-day trading volume increase: +459%

24-hour trading volume: $179.94m

7-day cumulative trading volume: $943.23m

3.HMX (Multi-chain Ecosystem)

7-day trading volume increase: +432%

24-hour trading volume: $127.31m

7 Daily cumulative trading volume: $451.26m

Market data

Daily observation of the overall market capital heat (reflected by the funding rate) and inflows and outflows (reflected by ETF inflows and outflows)

Data source: Coinglass, TokenUnlocks

Funding Rate

Token unlocking