Global

Uniswap, a leading decentralized exchange (DEX), is experiencing a curious trend. While the number of monthly active users is surging, the total value locked (TVL) on the platform has declined significantly. This disconnect suggests a shift in how users are interacting with Uniswap.

Major cryptocurrency exchanges like Coinbase and Binance are now offering trading for a brand new altcoin called ZRO. ZRO is the native token of LayerZero, an ambitious project aiming to be an "omnichain" interoperability protocol. This means it facilitates the transfer of data across different blockchains.

YieldMax, a fund group known for its option-based ETFs, has filed with the SEC to launch an Ether Option Income Strategy ETF. This filing comes just ahead of the highly anticipated launch of the first spot Ether ETFs in the US.

Avalanche (AVAX), a prominent layer-1 blockchain platform, has experienced a 12% decline in price over the past week, currently trading at $27.72. However, recent market data suggests that AVAX may be gearing up for a rebound, with a potential retest of the $30 level.

Particle Network, a blockchain project aiming to revolutionize Internet of Things, has achieved a significant milestone by raising $15 million in its token sale. This funding will fuel the development of their decentralized network, which promises to provide secure and efficient data exchange for IoT devices.

Shiba Inu (SHIB), the popular dog-themed meme coin, is wagging its tail after a massive surge in its token burn rate. Over the past 24 hours, the burn rate has skyrocketed by 530%, significantly reducing the circulating supply of SHIB tokens.