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Restaking Protocol Puffer Finance Reveals Upcoming Airdrop Details

The protocol has launched CARROT, a token that can be accrued via staking and governance activity.

Door Oliver Knight|Bewerkt door Aoyon Ashraf
23 jan 2025, 1:28 p..m.. Vertaald door AI
Puffer fish (Stelio Puccinelli/Unsplash)

What to know:

  • Puffer Finance has launched CARROT, a new token that the community can accrue and eventually convert for a PUFFER airdrop.
  • Users can earn CARROT by staking, governance voting and liquidity provision.

Liquid restaking protocol Puffer Finance has announced details of its airdrop campaign, which will see users accrue the newly-launched CARROT token that can be converted to PUFFER at the conclusion of season 2 later this year.

Users will accumulate CARROT through activities like staking, governance voting and liquidity provision.

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The protocol currently has $264 million in total value locked (TVL), and the PUFFER token has a $60 million market cap.

“Through democratic voting, Puffer community members can support projects, liquidity providers, and content creators that add genuine value to the Puffer ecosystem," said Amir Forouzani, co-founder of Puffer Labs.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

Lo que debes saber:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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One of the oldest NFT trading platform which facilitated over $300 million in sales at its peak shuts down

Closed with a lock (Jose Fontano/Unsplash/Modified by CoinDesk)

The platform, Nifty Gateway, which once facilitated over $300 million in sales, had shifted its focus to building onchain creative projects in 2024, but will now close.

What to know:

  • Nifty Gateway, an NFT platform, will shut down on February 23, 2026, and has entered withdrawal-only mode, allowing users one month to move their NFTs and funds.
  • The platform, which once facilitated over $300 million in sales, had shifted its focus to building onchain creative projects in 2024, but will now close.
  • The shutdown will allow parent company Gemini to focus on building a "one-stop super app" and will continue to support NFTs through its Gemini Wallet.