Analysis
Optimism sheds 10% following 11M token airdrop
Optimism's OP token fell 13% in the last 24 hours to $2.33 as of press time, according to CryptoSlate data.
Oluwapelumi Adejumo 1 min read
Tokenization News
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Metaverse
The Sandbox (SAND) surges ahead of token unlock
The next unlock event will release an additional 372.5 million tokens, amounting to 12.419% of total supply.
Tokenization
FTX User Debt (FUD) tokens decline 10% as 18M burn becomes imminent
DebtDAO's FUD token rallied to as high as $115 on Feb. 5, forcing the DAO to consider burning majority of the token's supply.
Latest Tokenization News & Analysis
Tokenization
BitMEX CEO owns largest GMX holdings – over 200K tokens
Hayes's GMX holdings equate to over $13 million at the time of writing as his current profit is nears $8 million.
Tokenization
Justin Sun backs FTX Debt token ‘FUD’ in possible securities law breach
Debt DAO issued 20 million FUD tokens valued at $1 each. It will issue and airdrop additional tokens after FTX confirms the debt amount.
Web3
ApeCoin’s on-chain metrics point to local top following 78% climb over 6 weeks – Santiment
On-chain analysis of ApeCoin's active addresses, network growth, whale behavior may indicate that a local top is in, according to Santiment.
Tokenization
$588M worth of unlocks scheduled for February
17 projects, including 1inch, Tornado Cash, Moonbeam, ApeCoin and Aptos will unlock a portion of their tokens throughout the month.
DEX
Squid brings native cross-chain swaps to 25 blockchains
Axelar powered protocol, Squid, raised $3.5M to bring cross-chain swaps to EVM and Cosmos ecosystems
Analysis
Avalanche network records 3.4% growth in Q4 2022
Avalanche ended 2022 with significant subnet improvements and an increased number of daily transactions.
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Analysis
Polygon surpasses BNB Chain in daily transactions as MATIC pumps 20% over weekend
Rumors
Validators shut down as Secret Network struggles with leadership
Adoption
Justin Sun aims to get TRON adopted as legal tender in 5 nations by 2023
Tokenization
