Daily Alpha and Summary. 4, April, 2024

Defi

Backed by Binance. Solv Protocol is a BTCfi protocol. They’re currently doing a points program. Earn points by depositing wBTC on Arbs— Points multiplier but no yields. Participate in airdrop via https://app.solv.finance/points/TNRRUN

$120M and growing

Fantom will launch its canonical stablecoin, $USDC.e, today ramped via Circle and bridged via Wormhole

Solana faced scalability issues yesterday with the networking stack (QUIC) implemented poorly making it not handle spam well

Altlayer to manage Xterio chain; a gaming and AI centric chain secured by Altlayer and EigenLayer restated assets, built on OP stack will use EigenDA as DA

$Saga farming now live on Binance launchpool. Stake $BNB or $FDUSD to farm

Manta announce AI toolkit in collaboration with Celestia, OraProtocol, and hyperbolic labs powered by AGI models like Stable Diffusion & Llama

Mina protocol draws closer to mainnet as there Devnet upgrade is the final stage before the major Berkeley upgrade that’ll enable mainnet

Ethena will back USDe with Bitcoin

RSS3 collaborates with Google cloud

Chainzoom integrates Jupiter to enable Sol trading on Twitter. Chainzoom extension enables trading on Twitter

Lido loses 30% ETH market share. JP Morgan says this will reduce ETH security tag

Pendle was a little above 1$ at beginning of this year. Now’s it at 6$. Huge. Crossed $1B MC yesterday

Ellipsis labs aims to build a sustainable defi with its Series A round led by Paradigm

Airdrop

Hyperlane airdrop

First LSD on Métis— ENKI will reward Testnet users and $Metis stakers

State of the Market

Wif NFTNYC show. Wif local top?

Bear reasons