Key Crypto Events In the Last 12 Hours Including AltLayer, Alex Launchpad, and Akash Network’s Milestones
The crypto market has witnessed a flurry of activity in the last 12 hours, with various projects making significant announcements and achieving new milestones. From the growing popularity of the SocialFi narrative to the doubling of Akash Network’s active leases, the crypto space continues to evolve at a rapid pace.
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SocialFi Narrative Gains Traction
The SocialFi narrative, which combines social media and decentralized finance (DeFi), is quickly becoming a hot topic in the crypto community. Projects such as $DEGEN (@farcaster_xyz), $FRIEND (@friendtech), $CIRCLE (@teamcircletech), and $FOCUS (@desoprotocol) are at the forefront of this emerging trend, attracting the attention of investors and enthusiasts alike.
AltLayer Initiates MACH AVS on Testnet
AltLayer ($ALT) has announced the initiation of MACH AVS on its testnet. MACH, a highly anticipated feature, is set to enter the mainnet in the coming weeks, marking a significant milestone for the project.
Alex Launches Launchpad Project
Alex ($ALEX) has released a Launchpad project, with the @ordinalsbot $TRIO IDO set to open soon. The IDO will run from April 8 to April 11, providing an opportunity for investors to participate in the early stages of the project.
Akash Network’s Active Leases Double
Akash Network ($AKT) has seen a remarkable increase in its active leases, doubling from 1,690 to 3,550 over the course of just three days. This growth has propelled the network to a new all-time high (ATH), showcasing the increasing demand for its decentralized cloud computing services.
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Show more +dYdX Community Votes to Stake Treasury Funds
The dYdX ($DYDX) community has voted to stake a portion of its treasury funds, amounting to 20 million $DYDX tokens, with Stride’s ($STRD) staking service.
This decision demonstrates the community’s commitment to maximizing the value of its treasury and exploring new opportunities in the staking ecosystem.
Fetch.ai’s ASI Alliance Merger Passes
Fetch.ai ($FET) has successfully passed the @ASI_Alliance merger proposal. In the coming days, Fetch will release a second proposal, signaling the project’s ongoing development and strategic partnerships.
1intro Prepares for New Website and Roadmap
1intro ($INTRO) is gearing up to announce a new website and roadmap tomorrow, with token details to follow soon. This announcement has generated significant excitement within the 1intro community, as investors eagerly await more information on the project’s future plans.
Lido’s Simple DVT Module Ready for Activation
Obol Labs has announced that its distributed validator cluster is ready to be activated in the Lido ($LDO) Simple DVT module. This development marks a significant step forward for Lido’s staking infrastructure, enhancing the security and decentralization of its validator network.
Pendle Finance’s TVL Hits All-Time High
Pendle Finance ($PENDLE) has achieved a new all-time high in its total value locked (TVL), approaching levels comparable to Uniswap. With a TVL of $4.1 billion, Pendle Finance has solidified its position as a leading player in the DeFi space.
Zeus Network’s DLMM LP Protection Period Ends
According to a report by @zkayAPE, the protection period for Zeus Network’s ($ZEUS) DLMM LP (0.3 – 0.85 USDC) ends today. The LP will be removed, marking the conclusion of this specific liquidity provision mechanism.
The last 12 hours have seen a diverse range of developments in the crypto market, from the rise of the SocialFi narrative to the impressive growth of projects like Akash Network and Pendle Finance. Investors and enthusiasts should closely monitor these projects and the potential opportunities they present as the crypto space continues to mature and evolve.
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