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.
Oluwapelumi Adejumo 2 min read
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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.
Latest Tokenization News & Analysis
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.
Analysis
Polygon surpasses BNB Chain in daily transactions as MATIC pumps 20% over weekend
Polygon whale buys the dip as MATIC transactions surpass BNB
Rumors
Validators shut down as Secret Network struggles with leadership
Secret Foundation founder, Tor Bair, accused of taking 'six figure' dividends
