Coin overview
USUAL
In progress0.785-9.77%
Last price (USDT)
132.87K
24h total (USDT)
6.24M
Total vol (USDT)
Ends in
2024-11-14 12:00:00 ~ 2024-12-18 10:30:00
Trading time (UTC+0)
2024-12-18 12:00:00 ~ 2024-12-18 16:00:00
Delivery time (UTC+0)
Total supply378.39M
Resources
Introduction
Usual is an on-chain version of Tether, aggregating Real-World Assets (RWAs) and issuing USD0, an institutional-grade stablecoin. Unlike traditional revenue-sharing models, Usual operates on an innovative ownership-sharing model. The protocol is governed by the USUAL token, which redistributes both value and control to its users. USUAL Total supply: 4,000,000,000
[Initial Listing] Bitget Will List Usual (USUAL). Come and grab a share of 90,000 USUAL!
We are thrilled to announce that Usual (USUAL) will be listed in the Innovation and DEFI Zone. Check out the details below: Deposit Available: Opened Trading Available: 18 December 2024, 11:00 (UTC) Withdrawal Available: 19 December 2024, 12:00 (UTC) Spot Trading Link: USUAL/USDT Activity : CandyBomb – Deposit and Trade to get USUAL airdrop Promotion period: 18 December 2024, 11:00 – 25 December 2024, 11:00 (UTC) CandyBomb Promotion details: Total USUAL airdrop 90,000 USUAL USUAL net deposit campaign pool 35,000 USUAL Spot trading pool 30,000 USUAL Futures trading pool*new futures user only 25,000 USUAL How to participate: 1. Go to the CandyBomb page and use the Join button. 2. Bitget will start calculating your valid activity data upon successful join. 3. You will get candies based on your USUAL net deposit, spot trading and futures trading volumes. Introduction Usual is a decentralized Fiat Stablecoin issuer that redistributes ownership and governance through the $USUAL token. Contract Address (ERC20): 0xC4441c2BE5d8fA8126822B9929CA0b81Ea0DE38E Website | X | Discord How to Buy USUAL on Bitget Fee Schedule: USUAL Price & Market Data: USUAL 7-Days Limited-time Buy Crypto Offer: Buy USUAL with your credit/debit cards at 0% fee with 140+ Currencies, EUR, GBP, AUD, TWD, UZS, UAH, TRY, THB, BRL, PLN, IDR, PHP and CAD etc. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to conduct their own research and invest at their own discretion. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
DeFi is at the center of sector rotation, and the market is expected to remain volatile in the short term
Original title: "DeFi track valuation reconstruction, sector rotation appears | Frontier Lab Crypto Market Weekly Report" Original source: Frontier Lab Market Overview Overview of major market trends · Market sentiment and trends: The market sentiment index dropped from 91% to 53%. Although it is still in the greed range, BTC maintained high volatility while Altcoin was generally under pressure, indicating that the market differentiation has intensified. · Analysis of capital flows: The market capitalization of USDT and USDC both increased (+2.91% and +3.23% respectively), and the total TVL of DeFi continued to rise to US$54.1 billion, indicating that the market as a whole is still attracting new funds. · DeFi track performance: The DeFi track leads the market with a weekly return rate of 16.47%, and the DEX trading volume hit a 2024 high (US$63 billion), showing strong development momentum. · Meme coin market: The Meme track has returned to the market's vision and has been active in the market volatility, bringing new liquidity and user growth points to the market. · Hot spot attention: DEX projects have received the highest attention, while AI, GameFi and other tracks have performed weakly, reflecting that market hot spots are concentrating on infrastructure and liquidity tracks. · Investment advice: Investors are advised to remain cautious, focus on re-pledge projects and DEX sector opportunities, and pay close attention to the market fluctuations that may be brought about by the Federal Reserve's interest rate meeting next week. Market Sentiment Index Analysis The market sentiment index fell from 91% last week to 53%, still in the long range. Altcoin performed weaker than the benchmark index this week, showing a volatile downward trend. After falling in the first half of the week, most targets failed to recover their losses. Affected by leveraged positions, the market saw forced liquidation of about $2 billion in positions, and long positions were significantly deleveraged. Given the current market structure, it is expected that Altcoin will keep pace with the benchmark index in the short term, and the probability of independent market conditions is low. Overview of overall market trends · The cryptocurrency market is in a wide range of fluctuations this week, and the sentiment index is still in the bullish stage. · Defi-related crypto projects performed outstandingly, showing that the market continues to pay attention to improving basic returns. · DEX projects performed well this week, showing that on-chain investors began to actively participate in on-chain investment activities. · This week, the Meme track returned to the field of vision and began to attract market attention. Hot Track DEX This week, due to the large overall market price fluctuations, many profit opportunities were created for investors. On-chain investors used DEX to trade. As on-chain funds and users continued to enter the DEX track, the DEX project grew this week. DEX on-chain data The most intuitive data for observing DEX is DEX's TVL and trading volume. These two indicators can most directly reflect the status of the DEX track. · TVL: The TVL of DEX track projects has risen rapidly this week, from 25.22B last week to 26.58B now, an increase of 5.39%. It can be seen that funds are actively entering DEX projects. TVL of DEX track (data source: https://defillama.com/protocols/Dexes) · DEX weekly trading volume: DEX's trading volume this week reached the highest value in 2024, reaching 63 billion US dollars. The trading volume in the past 24 hours reached 7.58 billion US dollars. It can be seen that the trading volume of the DEX track has surged. Trading volume of DEX (data source: https://dune.com/hagaetc/dex-metrics) The DEX sector shows a clear trend of business model upgrading. Head protocols represented by Hyperliquid and dYdX are undergoing a strategic transformation from a single trading function to a comprehensive financial infrastructure. This evolutionary path is reflected in the following: the protocol is based on its own chain layer architecture, and vertical integration is achieved through functional aggregation to create a one-stop DeFi service ecosystem. Such architectural innovations indicate that the DEX track is evolving from a single trading level to an all-round financial infrastructure, and the track value reconstruction is underway. SUI The Sui ecosystem has been hotly discussed in the market this week. The price of SUI has risen by 7.8% this week, outperforming BTC and ETH. The Defi projects in the Sui ecosystem have performed very well this week. Sui chain Defi project data · TVL: Sui's TVL rose very rapidly this week, from 1.598b last week to 1.793b now, an increase of 12.88%. It can be seen that funds on the chain are actively entering the Sui chain. · Accounts: The total number of users on the Sui chain reached 66,543,317, an increase of 2,184,755 from 64,358,562 last week, an increase of 3.39%. Although the increase does not seem large, it can achieve growth under the volatile market this week, which also shows that the Sui chain has a certain effect in attracting traffic. · DEX transaction volume: The main DEXs on the Sui chain are: Cetus, Aftermath Finance and BlueMove DEX. This week, the total transaction volume of DEX on the Sui chain exceeded 35 billion US dollars, and the average daily transaction volume reached 466 million US dollars. It can be seen that the DEX on the Sui chain is very active. · Defi project TVL increment: In the Sui ecosystem, the top three projects in terms of TVL are NAVI Protocol, Suilend and Aftermath Finance, which belong to the lending and DEX tracks respectively. This week, the TVL growth rates are 1.14%, 17.22% and 1.72% respectively. It can be seen that although it is in a volatile trend, the funds in the Sui ecosystem are constantly entering the Defi track projects. The most direct criterion for judging whether a public chain is favored by the market is the increase or decrease of its TVL. Based on the above data, we can see that at this stage, the Sui chain maintains a high-speed development. Since the price of SUI is stronger than the market, the underlying assets of the Sui ecosystem are constantly rising, which has driven the growth of the APY of its on-chain Defi projects. At the same time, the overall market conditions have large fluctuations and there are profit opportunities, so it has attracted a large number of on-chain users to participate and promoted the development of the entire Sui ecosystem. DeFi Track TVL Growth Ranking Top 5 TVL growth projects in the market in the past week (excluding public projects with smaller TVL, the standard is more than 30 million US dollars), data source: Defilama Synthetix (SNX): (Recommendation Index: 4 stars) · Project Introduction: Synthetix is an Ethereum-based decentralized synthetic asset protocol that aims to provide on-chain exposure to real-world assets through blockchain technology. The core functions of Synthetix include allowing users to mint synthetic assets by staking their SNX tokens. · Latest development: This week Synthetix increased the APY of LP users, increasing the share of V3 LP's transaction fees from 40% to 60% through the implementation of SCCP-373, while Synthetix Treasury intends to charge some integrator fees to increase V3 LP's income. And Synthetix announced this week that it has completed the acquisition of leveraged token platform TLX, and will integrate TLX's leveraged token function, promote the launch by improving parameters and redeploying contracts, and launch a leveraged token incentive plan. Babylon (unissued): (Recommendation index: 5 stars) · Project introduction: The Babylon project is a project that aims to use the security of Bitcoin to enhance the security of other proof-of-stake blockchains. The core concept is to activate idle Bitcoin assets through a trustless staking mechanism to solve the contradiction between Bitcoin holders' pursuit of asset security and participation in high-return projects. · Latest development: Although the market price fluctuated violently this week, BTC performed very strongly and remained at a high level. In addition, users are generally optimistic about the subsequent development of BTC, so they are more determined to hold and want to liberate the liquidity of holding BTC, so they will choose more interest-bearing projects based on BTC. In addition, Binance announced this week that it is possible to directly pledge BTC in Babylon from Binance accounts to obtain income, which has brought huge new funds to Babylon. At the same time, during the event period, Binance users who participate in the event will receive a maximum of 12% points increase, which has encouraged a large number of Binance users to participate. Usual Money (USUAL): (Recommendation Index: 3 stars) · Project Introduction: Usual Money is a stablecoin project supported by Binance, which aims to provide a new stablecoin solution in a decentralized way. The core mechanism of the project includes three main tokens: stablecoin USD0, bond product USD0++ and governance token USUAL. · Latest Development: Recently, Usual Money has upgraded its Checker. After the upgrade, the annualized return of holders of the bond product USD0++ reached 48%, the average APY of USD0/USD0++ in Curve was 54%, and the average annualized return of USD0/USDC was 52%. At the same time, the minting volume of USUAL was reduced by 17%, which increased the price of USUAL. This has attracted many users to participate in Usual Money to obtain high annualized arbitrage returns. BounceBit (BB): (Recommendation Index: 4 stars) · Project Introduction: BounceBit is a re-staking base layer in the Bitcoin ecosystem. In terms of design, it cooperates deeply with Binance to build a high-yield CeDeFi component; in addition, it builds its own BounceBit Chain to build a specific use scenario for Restaking. · Latest Development: Recently, BounceBit has increased the staking rates of various tokens, among which USDT's 30-day annualized return has reached 54.25%, BTC's 30-day annualized return has reached 24.55%, BNB's 30-day annualized return has reached 37.13%, and ETH's 30-day annualized return has reached 37.7%, thereby attracting a large number of users to invest their assets in BounceBit for staking. At the same time, this week BounceBit and Ondo reached a cooperation to introduce tokenized RWA to BounceBit and began to enter the RWA track. Equilibria (EQB): (Recommendation Index: 3 stars) · Project Introduction: Equilibria is a machine gun pool project whose main goal is to create high returns for users. Using the veToken used by Pendle to enhance the income model, it provides higher returns for LPs through the tokenized version of vePENDLE, ePENDLE, and provides additional rewards for PENDLE holders. · Latest development: This week, Equilibria and Curve strengthened their cooperation and launched the first new enhanced pool-scrvUSD pool to increase users' income. Later, SolvBTC, cmETH, and ePENDLE enhanced pools were added, raising users' APY to 59%, thereby attracting a large number of users to participate in arbitrage. To sum up, we can see that the projects with faster TVL growth this week are mainly concentrated in the stablecoin income sector (machine gun pool). Overall performance of the track · The market value of stablecoins has grown steadily: USDT has increased from US$141 billion last week to US$145.1 billion, an increase of 2.91%, and USDC has increased from US$40.2 billion last week to US$41.5 billion, an increase of 3.23%. It can be seen that both USDT, which is mainly in the non-US market, and USDC, which is mainly in the US market, have increased this week, indicating that the entire market is still maintaining a continuous inflow of funds. · Liquidity is gradually increasing:The risk-free arbitrage rate in the traditional market is constantly decreasing with the continuous interest rate cuts, while the arbitrage rate of the on-chain Defi project is constantly increasing due to the increase in the value of cryptocurrency assets. Returning to Defi will be a very good choice. TVL of each track of Defi (data source: https://defillama.com/categories) · Funding situation:The TVL of Defi projects has increased from US$53.2 billion last week to US$54.1 billion now, with new funds reaching 1.69%. This week, it continued to maintain positive growth and has maintained a continuous upward trend for nearly two months, proving that funds continue to flow into Defi projects. In-depth analysis Rising driving force:The core driving factors of this round of increases can be summarized as the following transmission paths: The market has entered a bull market cycle, driving up liquidity demand, which in turn has pushed up the basic lending rate level, amplifying the profit space of the arbitrage cycle strategy in the DeFi protocol. To be specific: · Market environment: The bull market cycle brings about an increase in overall liquidity demand · Interest rate side: The basic lending rate has risen, reflecting the market’s pricing expectations for funds · Yield side: The yield of the circular arbitrage strategy has expanded, and the endogenous income of the protocol has improved significantly. This transmission mechanism has strengthened the intrinsic value support of the DeFi sector and formed a healthy growth momentum. Other tracks performance Public chain Top 5 public chains with the highest TVL growth in the past week (excluding public chains with smaller TVL), data source: Defilama Hyperliquid:Due to the large fluctuations in the market this week, the number of users participating in on-chain transactions has surged, especially those participating in contract transactions. This week, Hyperliquid's open interest reached 3.5 billion US dollars, quickly surpassing the traditional Perp DEX leader DYDX and becoming the largest Perp DEX on the chain. Therefore, Hyperliquid's transaction volume this week has rapidly increased, especially after the launch of the popular project ME, which has increased its transaction volume. Sui:This week, the Movement coin issuance has driven the rise of the Move series. As the leader of the Move series, Sui has received widespread attention from the market. This week, Sui reached a cooperation with Backpack, and the Backpack wallet will support SUI tokens. At the same time, it also reached an agreement with the Phantom wallet to integrate SUI. At the same time, the popular Meme coin KAPI appeared on the Sui chain this week, attracting a wave of traffic and funds for the Sui ecosystem. This week, the daily transaction volume of DEX on the Sui chain exceeded 466 million US dollars, proving that Sui's on-chain ecology is developing rapidly. Algorand: This week, the Meme coin project MONKO on the Algorand chain was quite hot in the market, attracting some attention and funds for the Algorand chain. At the same time, Algorand announced strong support for the RWA track project on the Algorand chain. This week, Coinbase announced to European customers that it would no longer support stablecoins that do not meet the MiCA standard, while Algorand's two main stablecoins USDCa and EURD are in line with the MiCA standard and can continue to provide on-chain stablecoin services to European users. PulseChain: This week, the Meme coin project on PulseChain chain began to become active. Although there are no particularly outstanding projects, it still brought a certain wealth-making effect on the chain, so it contributed some attention and new funds to the PulseChain chain. The largest DEX on the chain, PulseX, saw a 62% increase in trading volume this week, which increased the TVL of PulseChain. At the same time, the PLS token that flowed out of PulseChain on the market will be listed on Binance, so users on the chain began to enter the PulseChain ecosystem to earn PLS. Bitcoin:The market corrected in the first half of this week, and the prices of the entire market fell significantly. However, BTC performed well during the period, with a small decline, and returned to its historical high in the second half of the week. Users are more optimistic about the future rise of BTC and hold BTC more firmly. Therefore, in the process of holding BTC, they will choose to invest BTC in the BTCFi project to earn extra income. Therefore, users have begun to deposit BTC assets in the BTCFi project to earn income, resulting in an increase in Bitcoin's TVL. Overview of the Gain List The top 5 market tokens with the highest increase in the past week (excluding tokens and meme coins with too small trading volume), data source: Coinmarketcap This week's gain list showed a concentrated feature of sectors, and most of the rising tokens belong to the public chain track. USUAL:Recently, Usual Money upgraded its Checker. After the upgrade, the annualized return of USD0++ holders of the bond product reached 48%, the average APY of USD0/USD0++ in Curve was 54%, and the average annualized return of USD0/USDC was 52%. At the same time, the USUAL minting volume was reduced by 17%, which increased the price of USUAL. This attracted many users to participate in Usual Money to obtain high annualized arbitrage returns. BGB:Recently, Bitget has continuously launched tokens with high market popularity, especially some Meme tokens, which have brought it a certain amount of users and funds, helping Bitget increase its trading volume. This week, Bitget's CEO announced that it is reconsidering entering the US market and plans to expand its business under the possible pro-cryptocurrency policy of the Trump administration. This week, Bitget's trading volume has surpassed OKX, becoming the third largest exchange in CEX. SUSHI:Recently, Sushi launched the Dojo Agent and Tweet Token features, which allow users to tokenize their favorite tweets or create their own Meme coins directly from Twitter. This feature has greatly increased Sushi's trading volume. This week, Sushi Dao proposed a fund diversification strategy, shifting assets from 100% SUSHI tokens to 70% stablecoins, 20% blue-chip cryptocurrencies and 10% Defi tokens, in order to reduce volatility, enhance liquidity, and generate income through staking, lending and liquidity provision. ORCA:ORCA strengthened its cooperation with Binance this week. Binance Financial Management, One-Click Coin Purchase, Flash Exchange Trading Platform, Leverage, Fixed Investment Platform and Binance Contracts are all online with ORCA. Meanwhile, ORCA launched a new token creation tool this week, supporting Solana and Eclipse networks. Users do not need to code, and ORCA provides complete token customization functions. Cooperate with HawkFi and NATIX Network to enhance the DeFi experience, and support Solana AI Hackathon. ACX:This week, Across Protocol announced an important cooperation with Binance. ACX tokens were launched without paying listing fees. At the same time, Binance financial management, one-click coin purchase, flash exchange trading platform, leverage, fixed investment platform and Binance contract are all launched on ACX. And reached cooperation with HTX Global and Bitvavo exchanges, cooperated with Yodl to provide cross-chain payment services, and continued to deepen cooperation with Uniswap. Meme Token Gain List Data source: coinmarketcap.com This week, the Meme project has returned to the market's attention. The market is in a wide range of fluctuations this week, but the Meme project has performed well, creating a wealth effect on the chain and attracting more users to participate in the Meme project on the chain. Social Media Hotspots According to the data of the top five daily growth in LunarCrush and the top five AI scores in Scopechat, the statistics for this week (12.7-12.13) are as follows: The most frequently appearing theme is DEX, and the tokens on the list are as follows (tokens and meme coins with too small trading volumes are not included): Data source: Lunarcrush and Scopechat According to data analysis, DEX projects received the most attention on social media this week, and generally showed an upward trend, performing better than other track projects. This week, the market was in a wide range of fluctuations, and prices fluctuated violently, resulting in more trading opportunities. Therefore, on-chain users actively participated in transactions, resulting in a large increase in the trading volume of each DEX, which was also reflected in the prices of DEX track projects. Overall Overview of Market Themes Data Source: SoSoValue According to weekly returns, the Defi track performed the best, while the AI track performed the worst. · Defi track:There are many projects in the Defi track. In SoSoValue's sampling, LINK, UNI and AAVE accounted for the largest proportion, reaching 36.93%, 22.33% and 11.12% respectively, totaling 70.38%. This week, LINK, UNI and AAVE rose by 13.71%, 19.92% and 42.85% respectively, resulting in the largest increase in the entire Defi track among all tracks. And with the sharp price fluctuations this week, many arbitrage opportunities have been generated on the chain, so the Defi track projects performed the best this week. · AI track: FET, RENDER, WLD, and TAO account for a large proportion of the AI track, accounting for a total of 80.75%, and this week their declines were: -4.16%, -2.59%, -9.79%, and -11.85%, respectively, resulting in the worst index performance of the entire AI track. Although the price performance of the AI track was not good this week, it has maintained a high increase in recent weeks, and although the price was not good this week, the market's discussion of it remained hot, mainly focusing on AI Agent. Preview of Crypto Events Next Week · Tuesday (December 17) US November retail sales monthly rate · Wednesday (December 18) Hong Kong's "Stablecoin Bill" submitted to the Legislative Council for first reading · Thursday (December 19) Federal Reserve interest rate decision (ceiling), Federal Reserve interest rate decision and economic outlook summary · Friday (December 20) US November core PCE price index annual rate, Asia Blockchain and AI Week Hainan International Blockchain Week Outlook for next week Macro factors analysis · The expectation of a 25 basis point rate cut at the Federal Reserve's December interest rate meeting has been fully digested by the market · The focus turns to Chairman Powell's speech and a summary of economic expectations to assess the 2025 Monetary policy trends in January 2019 · In the short term, Microsoft's shareholder meeting resolutions and macro data may dominate market sentiment, and the crypto asset market is expected to maintain a volatile pattern Sector rotation trend · DeFi track restaking projects benefit from the rising risk aversion sentiment, and the preference for capital allocation has increased. In the context of intensified market volatility, the arbitrage demand in the DEX sector has driven the activity on the chain to rise, and the track is booming. · The AI sector Agent segment track maintains a high level of attention, and the market size has reached 6-7 billion US dollars. The Web2 and Web3 ecosystems are accelerating their integration, and the integration process of data networks and functional AI Agents with existing encryption products has accelerated. Investment Strategy Recommendations · Maintain defensive allocation and pay attention to the safe-haven properties of top assets BTC and ETH · While hedging risks, you can choose to deploy high-quality DeFi tracks with intrinsic returns · Investors are advised to remain cautious, strictly control positions, and do a good job of risk management Original link
Usual is open for airdrop inquiries and will conduct airdrops in mid-December
On December 6th, the stablecoin protocol Usual announced on social media that it has opened up airdrop queries and will conduct a USUAL airdrop in mid-December.
Usual: Airdrop enquiries open, to be made in mid-December
Stablecoin protocol Usual said on its social media platforms that it has opened up airdrop enquiries and will conduct a USUAL airdrop in mid-December.
USUAL's pre-market trading price reached $0.5, with a 24-hour increase of 41.5%
On December 6, according to market data, the pre-market trading price of USUAL reached $0.5, with a current quote of $0.499, an increase of 41.5% in 24 hours.
Stablecoins and PayFi Leadership: Decoding the New Trend of Real World Assets (RWA) and Future Blueprint
Original Article Title: "WOO X Research: Can RWA Become the Next Wave of Wealth Growth?" Original Source: WOO X Research Narrative: RWA (Real World Assets), literally translated as real-world assets, derives its value from bridging traditional assets with the web3 world to achieve the digital representation of real-world assets. This allows for the efficient utilization or mobilization of real-world assets (such as real estate, art, etc.) to enhance asset liquidity. Moreover, with the integration of RWA and blockchain technology, RWAs can transcend geographical limitations. Regardless of location, currency system, or other influencing factors, users can easily transact or otherwise leverage assets through this combined approach. When RWA is mentioned, people often think of real estate, stocks, and the like. Looking at the fundamental feature of RWA tokenization, stablecoins also fall under the RWA track. It seems like RWA is now closer to us. This also represents another aspect of the RWA narrative, namely, "inclusive," enabling investors who do not have sufficient capital to enter high-value markets to indirectly invest in high-value RWA tokenized products. What Lies Ahead? Over the past year, the overall TVL of RWA has shown a fluctuating upward trend. In this cycle, RWA, AI, MEME, and others are relatively popular tracks. RWA has always been one of the more closely watched tracks. Image Source: https://defillama.com/protocols/RWA In the future, RWA is likely to continue its trend, and the integration of RWA with the DeFi track may attract more and more investors' attention. In fact, high-value assets such as real estate and commodities face settlement challenges in transactions, and various countries have different laws and regulations. Most likely, projects related to these types of high-value assets will be constrained in development due to the challenges in implementation and regulation. Therefore, for projects of this kind in the RWA track to make better progress, there must be significant progress in PayFi or cross-border settlement regulation and RWA asset validation rather than relying on third parties in various locations for settlement or validation. In addition, the RWA project related to stablecoins is relatively stable. Basically, the mainstream market may still be dominated by the US dollar, with the euro following. However, in the future, this type of project may see country/region differentiation, where "investors from a certain country/region mostly choose a specific stablecoin." In this scenario, a stablecoin with local regulatory approval can seize the market first. The last trend, which should also be a major trend in the future, is that stablecoins' pegged assets could be bonds, securities, stocks, or funds, leading to more products and projects in the future. The reason behind this is that the settlement and regulatory aspects mentioned earlier have a better advantage than assets like real estate. However, in the early stages of such projects, only institutions with some influence in the traditional financial sector (such as BlackRock) participating in related projects may generate a considerable wave of economic benefits. After that, projects involving institutions/organizations with more influence in the Web 3 space may create more community-centric RWA projects. Projects Below is an overview of recently funded projects, presented from an objective perspective for discussion purposes. OpenTrade OpenTrade was founded in late 2022 and is headquartered in London, UK. Its investors include a16z CSX, Circle, Draper Dragon, CMCC Global, Ryze Labs, Polygon, and Kronos Ventures, among others. The current total funding amounts to $8.7 million. It currently offers four products: 1. US Treasury Bonds Vaults: Fixed-term; USDC returns with a fixed term and fixed rate, backed by US Treasury Bonds; 2. USDC Vault: Demand deposit; variable USDC returns. Backed by short-term US Treasury Bonds, money market funds, and other cash equivalents; 3. EURC Vault: Demand deposit; variable EURC returns, backed by euros and short-term euro bonds, money market funds, and other cash equivalents; 4. Fee Rate+ Vault: Fixed-term; backed by investment-grade corporate bonds, commercial paper, emerging market bonds, etc. Uses the Vault token as a benchmark in accounting and other operations. USUAL-Government Bonds It has raised a total of $8.5 million and is a Binance Launchpool project. Overall, it revolves around three types of tokens: 1. USD0: This is a stablecoin backed 1:1 by Real-World Assets (RWA), permissionless, and fully compliant, aggregating various U.S. Treasury tokenizations. 2. USD0++: It is an enhanced Treasury bond that uses USD0 as collateral locked principal, with USUAL as an incentive. 3. USUAL is its governance token. Tokenomics: Total supply of 4 billion tokens, with an initial circulating supply proportion of 12.37%. Image Source: https://docs.usual.money/usual-products/usual-governance-token/usual-tokenomics/distribution-model Token distribution is as follows: Huma Finance Currently, it has raised a total of $46.3 million, with a co-founder of Chinese descent. In general, it is a PayFi lending project. The most recent round of financing includes $10 million in equity investment and $28 million in Huma Platform real asset investment. Distributed Global led the investment, with participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and others. In April 17, 2024, it merged with Arf, focusing on real-world asset tokenization-related PayFi. Contributors utilizing the Huma Points tracking protocol. Currently providing cross-border payment financing, digital asset-backed credit cards. This is achieved through various liquidity pools, such as Arf-Cross-Border Payment Financing Pool (based on USDC instant settlement, simplifying cross-border payments); Rain Accounts Receivable Pool (assisting entities like DAOs in managing expenditures through salary card); Jia Pioneer Fund Pool (providing decentralized financing for small businesses, rewarding borrowers who repay with ownership. i.e., "Small Business Credit") and other liquidity pools to facilitate cross-border payment financing. This article is contributed content and does not represent the views of BlockBeats.
Bitcoin Has Higher-Than-Usual Chances of Continuing Upward Move if This Happens, Says Analytics Firm Santiment
The crypto analytics firm Santiment says Bitcoin ( BTC ) is likely heading higher if one key trend continues. According to Santiment, if the Mean Dollar Invested Age (MDIA) metric keeps declining, the chances are high for Bitcoin to start surging again. The MDIA metric is the average age of all tokens sitting on each wallet on the coin’s network. A declining MDIA is considered bullish as it indicates long-dormant coins are coming back into circulation, increasing network activity. “As long as this Mean Dollar Invested Age line for BTC continues dropping, it should be considered as validation that crypto markets are still in a relative bull market, and the odds of market caps continuing to grow are at a much higher probability than usual.” Santiment notes the MDIA declined very quickly after pro-crypto candidate Donald Trump was elected on November 5th as the next US president, which coincided with Bitcoin’s rally to nearly $100,000. “In particular, Bitcoin’s Mean Dollar Invested Age has really dropped rapidly since the ‘Trump Pump’ began three weeks ago. The average wallet is 9% younger than it was just three weeks ago, revealing just how much stagnant wallets have come out of hibernation.” Santiment also shares a chart that shows the MDIA began to decline in October 2023 as Bitcoin began to rally. “In short, bull markets are validated (in large part) by this pink line [the MDIA metric] moving down because it indicates that previously stagnant wallets are moving their old coins back into circulation to create higher utility… The average age of BTC, since this bullish signal began 13 months ago, has dropped from 637 days to just 466 days. This shows that each coin on the network, on average, is in a wallet that is 27% younger.” Source: Santiment/X Bitcoin is trading for $96,746 at time of writing. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Generated Image: DALLE3
RWA Track New Forces: With political background and industry giants support, how big is the growth potential of Usual?
I. Project introduction Habital is a fiat stablecoin publisher focused on security and decentralization, committed to allocating platform ownership and governance through the platform token USUAL. As a multi-chain infrastructure, Habital integrates tokenized real-world assets (RWA) of entities such as BlackRock, Ondo, and Mountain Protocol, converting them into a permissionless, on-chain verifiable, and composable stablecoin USD0, promoting the free flow of global financial resources on the chain. USD0 is the first liquid deposit token (LDT) provided by Habital, supported by real-world assets with a 1:1 ultra-short term, ensuring stability and security. Users can either directly deposit eligible RWA to mint USD0, or choose to deposit USDC or USDT into the protocol and have a third party provide necessary RWA collateral. This flexible mechanism reduces the threshold for customer engagement and improves the liquidity and efficiency of assets. The founder of the project, Pierre Person, was once an important figure in French politics and laid the foundation for the compliance operation of Habital. According to rootdata data, in 2024, Habital completed two rounds of financing with a total amount of $8.50 million. Currently, the total locked position (TVL) is $369 million. II. Project highlights 1. Multi-chain integration and real-world asset support Habital integrates tokenized real-world assets (RWA) from leading institutions such as BlackRock, Ondo, and Mountain Protocol onto the blockchain with the help of multi-chain infrastructure, creating a permissionless, on-chain verifiable, composable stablecoin USD0. Through this integration, Habital achieves seamless integration between traditional financial assets and blockchain technology, providing users with efficient and secure asset stability guarantees. 2. Flexible and efficient stablecoin minting mechanism The casting of USD0 supports two methods: users can directly deposit eligible RWA assets, or obtain equivalent USD0 by depositing USDC/USDT, with the latter provided by a third party as necessary RWA collateral. This flexible dual mechanism not only reduces the participation threshold for users, but also improves overall liquidity, providing a friendly participation experience for retail and institutional users. 3. Comprehensive stablecoin yield mechanism Habital not only provides the basic stablecoin USD0, but also designs the value-added token USD0 ++, allowing users to obtain additional income by locking assets. Users can choose to receive daily rewards for the governance token USUAL, or obtain stable risk-free income through fixed-period locking. This flexible income design meets the diverse needs of different users. 4. Strong team background and significant market performance Habital was founded by Pierre Person, a former member of the French Parliament. Its team has deep accumulation in policy promotion and blockchain technology, laying the foundation for the compliance and market expansion of the project. In 2024, Habital completed two rounds of financing totaling $8.50 million, and currently TVL has reached $369 million, demonstrating strong market performance and growth potential. III. Market value expectations Based on USUAL's initial circulation ratio of 12.37% and Bitget's pre-market transaction price of 0.447 dollars, we can refer to the data and growth potential of the benchmark project to calculate its market value performance. Benchmark project market value reference: 1. Real Estate Derivatives Agreement Parcl ($PRCL) Unit price: 0.43 dollars Market capitalization: $62.52M If USUAL reaches a similar market cap, the token price will approach 0.426 dollars. 2. Decentralized institutional-level financial protocol Ondo Finance ($ONDO) Unit price: 0.96122 dollars Market capitalization: $1.38B If USUAL reaches a similar market capitalization, the token price can reach about 9.34 dollars. 3. RWA L1 blockchain MANTRA ($OM) Unit price: 4.1 dollars Market capitalization: $3.69B If USUAL reaches a similar market capitalization, the token price can reach about 24.21 dollars. IV.Commonal Token Economics 1. Token distribution The total supply of USUAL is 4 billion, and the initial circulation ratio is 12.37%. The distribution is community-centered, as follows: 73% is allocated to the public and liquidity providers, ensuring the wide distribution of tokens. 13.5% is allocated to market makers (MM), teams, and early investors. 13.5% is used for community governance activities such as DAO, repurchase, and voting to support the long-term development of the ecosystem. 2. The publishing mechanism USUAL adopts a dynamic supply adjustment mechanism, which is closely related to the growth of the total locked position (TVL) of the platform. As TVL expands, the amount of USUAL minted per unit of TVL will gradually decrease, creating scarcity and increasing token value. When USD0 ++ or other similar Liquid Bond Tokens (LBT) are minted, the corresponding USUAL will be distributed according to the protocol revenue and lock-up amount. This mechanism ensures the long-term binding of tokens to the protocol value by reducing the token publishing volume per $TVL during the protocol growth process, reducing the number of circulating tokens while increasing scarcity. 3. Distribution strategy The distribution of USUAL tokens is highly biased towards the community. 90% of the tokens are allocated to community users, including USD0 ++ holders, liquidity providers (LPs), stakers, and participants in other protocol products. With Habital becoming a multi-asset structure, future token distribution will also cover LBT and LP rewards for other assets, ensuring that all types of users can benefit. 4. Token Utility Agreement revenue sharing: USUAL token holders can enjoy all the revenue from the agreement. Staking rewards and governance: By staking USUAL, users can receive a distribution of 10% of the token supply and participate in protocol governance (such as vault reinvestment decisions). Token burning mechanism: Users can burn USUAL to release the pledged USD0 ++ in advance and increase the circulation value of tokens within the ecosystem. Dynamic supply adjustment: The publishing mechanism adjusts dynamically according to TVL. When TVL grows, the amount of coin publishing decreases, and vice versa, ensuring that token publishing is synchronized with protocol development. V. Team and financing 1. Team members Pierre Person: CEO, former French parliamentarian, promotes cryptocurrency legislation, with extensive industry experience. Hugo Sallé de Chou: Co-founder and Chief Business Officer, responsible for business development. Adli Takkal Bataille: Co-founder, blockchain technology expert. Andrew Lafortezza: Sales Director, focused on market expansion and growth. Allan Floury: Vice President of Product Research & Development. 2. The financing situation April 17, 2024: $7 million, led by IOSG Ventures, Kraken Ventures, and several well-known institutions. November 6, 2024: $1.50 million, led by Comfy Capital and Jed Breed. The project team and financing demonstrate strong industry background and capital support, highlighting the development potential of Habital. VI. Risk Warning 1. Habital involves the publication of fiat stablecoins and the tokenization of real-world assets (RWA), and its operation needs to comply with financial regulatory requirements in various regions. However, the regulatory policies in the stablecoin field are not yet fully clear, and stricter compliance requirements may be introduced in the future, including asset custody transparency, capital reserve requirements, etc., which may have a significant impact on the business model and operation of Habital. 2. The publishing volume of USUAL tokens is pegged to the platform TVL. When TVL grows, the publishing volume decreases, but if TVL decreases due to market conditions or User Churn, the issuance of tokens may exacerbate inflationary pressures, leading to a decline in token value. In addition, this mechanism may not be transparent enough for investors, and there are problems with interpretation and acceptance. VII. Official link Website：https://usual.money/ Twitter：https://x.com/usualmoney Telegram：https://t.me/UsualCommunity
Cathie Wood Doubles Down on Massive Bitcoin Price Prediction
TL;DR Cathie Wood predicts BTC could reach $650,000 by 2030, citing regulatory shifts and institutional adoption as key drivers. Analysts expect further gains, with targets up to $245,000 next year. Bullish as Usual Bitcoin (BTC) has performed impressively in the past week, with its price pumping above $93,000 on November 13. In the following days, it consolidated at around $91,000, while currently, it trades at $90,100 (a 115% increase year-to-date). The bull run has triggered massive enthusiasm across industry participants, with many envisioning further gains in the future. Unsurprisingly, one of the biggest optimists is Cathie Wood (CEO of ARK Invest). In a recent interview with CNBC, she reiterated her prediction that BTC could be worth $650,000 by 2030. Moreover, Wood believes that the valuation may explode to up to $1.5 million in the “bull case” scenario. The executive mentioned two main factors that could push BTC to new peaks. First, she expects that the administration of the upcoming American president, Donald Trump, will bring “regulatory relief” on all kinds of innovation. Recall that the Republican, who won the US presidential elections on November 5, made numerous crypto-related promises and described himself as the right choice for those in favor of the asset class. He also pledged to fire the US SEC’s Chairman Gary Gensler on his first day after assuming office. The agency and its leader have shown anti-crypto approach over the years, filing numerous lawsuits against firms part of the ecosystem. One of the most popular cases is the legal tussle involving Ripple . Recent reports suggested that the next potential Chairman will be “pro-crypto,” while the community started speculating that Gensler’s days are numbered due to his recent open later (which some interpreted as a hint toward resignation). However, no official announcement has been made, and we have yet to see what will happen on that front. Second, Wood maintained that BTC’s price rally has changed people’s stance on it, with many viewing it as something more than a global monetary system: “We are looking at Bitcoin now being viewed as a new asset class. It’s not just a global monetary system, it’s a new asset class. And what that means is that institutions and asset allocators generally are saying, “Wait a minute, this asset is behaving differently from all of our other assets we need to include.” So I think that’s the next big move.” Additional Forecasts Crypto X is rammed with analysts predicting that BTC may soon reach unseen levels. Captain Faibik envisioned a fresh “bullish leg incoming” that could take the price to almost $100,000. Mags was even more optimistic, seeing a new ATH of approximately $245,000 sometime next year. Those willing to find out whether or not the Bitcoin ship has sailed can check out our recent video, answering the question: is it too late to buy Bitcoin in 2024?
Overview of important events on the evening of November 14th
12:00-21:00 Keywords: Bhutan Government, Trump, Tether 1. The UK government will formulate plans to regulate stablecoins and collateral services this month; 2. Crypto venture capital firm Portal Ventures has completed a fundraising round with approximately $90 million in oversubscriptions; 3. The Bhutanese government has deposited 367.26 BTC into Binance, worth $33.51 million; 4. Options on BTC and ETH with a nominal value of about $3.96 billion are set to expire tomorrow; 5.Foreign media reports that Trump's social platform Truth Social may merge with Musk's X platform; 6.Altos Ventures' new fund completes a $500 million fundraiser, planning to explore AI, blockchain and other fields; 7.Since Trump won the US presidential election, Tether Treasury has minted an additional 9 billion USDT.
Usual announces token economics: total 4 billion, initial circulation accounts for 12.37%
According to official news, the Usual (USUAL) token economics are announced as follows: Total supply is 4 billion, with an initial circulation of 12.37%, of which the total Launchpool is 300,000,000 USUAL (7.5% of the maximum token supply).
Key Market Insights from November 14th, how much did you miss out on?
Featured News 1.Gulf Countries, Including Saudi Arabia and the UAE, May Have Entered Bitcoin 2.Binance to List Usual (USUAL) on Launchpool and Pre-Market 3.Stablecoin Supply Has Increased by $7.334 Billion Since Trump's Election Victory 4.Musk-Led Department of Government Efficiency (D.O.G.E) Official X Account Now Live 5.Kraken's Strategy Director: Entry of Sovereign Wealth Funds Will Double Cryptocurrency ETF Size to $50 Billion Threads & Tweets List of Meme Coins Tradable on CEXs, @0xRamenUmai Featured Articles 1. "Decoding Binance Launchpool's New Listing Usual: Innovation Combining RWA and Stablecoin" ODaily Star Daily This afternoon, Binance announced that at 18:00 on November 19, Beijing time, the 61st project Usual (USUAL) will be launched on Launchpool, and pre-market trading will begin. Users can stake BNB and FDUSD for mining, with the mining period from 00:00 on November 15 to 8:59 on November 19, 2024. Upon this news, the price of BNB briefly touched $660, currently trading at $648, with a 24-hour increase of over 6%. 2. "Fireside Chat with Solana Co-Founder: Execution Is the Only Moat, Commercialization Is the Key to Success" WOO X Research Bitcoin broke out of a six-month consolidation range on 11/6, rising from $73,000 to $73,000, establishing a potential bottom support level for this round. The current market value of Bitcoin is $1.6 trillion, surpassing Meta last month and ranking ninth globally, just behind silver. Since the approval of a Bitcoin spot ETF in January of this year, Bitcoin is no longer seen as a niche asset but has risen to become a mainstream asset. Fueled by Trump's election, Bitcoin has gained more visibility among the public, and its growth potential can now be compared with other mainstream assets. 3. "Unprecedented Boom, What Other Potential AI Meme Coins Are There?" Lightspeed Anatoly mentioned that one of the reasons he founded Solana was due to frequent front-running in traditional markets. He aimed to achieve global information synchronization through Solana, maximizing competition while minimizing arbitrage. However, in reality, front-running still prevails, and in many cases, the user's paid priority fee even exceeds Solana's priority fee. Top Gainers & Losers Token price movement on November 14, sorted and listed by trading volume Top Gainer 1. $D.O.G.E. 2. $Pepe 3. $Luce Top Loser 1. $AGLD 2. $TROY 3. $RETARDIO On-chain Data On-chain fund flow on November 14
Bitget pre-market trading:Usual (USUAL) is set to launch soon
We're thrilled to announce that Bitget will launch Usual (USUAL) in pre-market trading. Users can trade USUAL in advance, before it becomes available for spot trading. Details are as follows: Start time: 14 November, 2024, 12:00 (UTC) End time: 18 December 2024, 10:30 (UTC) Spot Trading time: 18 December 2024, 11:00 (UTC) Delivery Start time: 18 December 2024, 12:00 (UTC) Delivery End time: 18 December 2024, 16:00 (UTC) Pre-market trading link: USUAL/USDT Bitget Pre-Market Introduction Delivery method: Coin settlement, USDT settlement Coin settlement Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient spot balances will be filled with corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be triggered immediately. At the project's delivery end time, the system will either deliver or compensate any remaining undelivered orders. USDT settlement For orders under the USDT Settlement mode, all delivery will be executed at the delivery end time of the project. The delivery time for the pre-market project will be announced once the coin's spot listing time is confirmed. Stay tuned to relevant notifications and announcements for the latest information. Example: The user buys 10 tokens at 10 USDT (the filled order is called Order A) and sells 10 tokens at 15 USDT (the filled order is called Order B). At delivery time, the system calculates the delivery execution price based on the average index price from the last minute. Assuming the execution price is 5 USDT, the calculations are as follows: PnL of Order A = (5 – 10) × 10 = –50 USDT PnL of Order B = (15 – 5) × 10 = 100 USDT The total PnL for the user in pre-market trading is 50 USDT. For USDT settlement, orders are settled at the average index price from the last ten minutes as the delivery execution price, determined by a weighted average of prices at leading exchanges to ensure fairness and transparency. Introduction Usual is an on-chain version of Tether, aggregating Real-World Assets (RWAs) and issuing USD0, an institutional-grade stablecoin. Unlike traditional revenue-sharing models, Usual operates on an innovative ownership-sharing model. The protocol is governed by the USUAL token, which redistributes both value and control to its users. USUAL Total supply: 4,000,000,000 Website | X | Telegram FAQ What is pre-market trading? Bitget pre-market trade is an over-the-counter trading platform specializing in providing a pre-traded marketplace for new coins before their official listing. It facilitates peer-to-peer trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. What are the advantages of Bitget pre-market trading? Investors often have expectations regarding the price of a new coin before spot trading becomes available. However, they may be unable to purchase the coin at their preferred price and secure liquidity in advance due to lack of access. In response to this, Bitget pre-market trading offers an over-the-counter (OTC) platform where buyers and sellers can establish orders in advance to execute trades as desired and complete delivery later. In this scenario, sellers are not required to own any new coins; instead, they only need to obtain sufficient new coins for delivery before the designated delivery time. How are pre-market trades deliveries completed? Coin Settlement orders: Sellers can choose to either deliver the tokens or compensate with security deposit before the delivery execution. Starting from the project's delivery start time, the system will periodically execute multiple deliveries for orders under the Coin Settlement mode. Sell orders with sufficient coin balances will be filled with the corresponding buy orders. If there are insufficient project tokens or if sellers voluntarily choose to default, compensation with security deposits will not be trigger immediately.At the delivery end time of the project, the system will settle all remaining orders, either through buy delivery or compensation. If there is a sufficient balance, the corresponding quantity of tokens will be transferred to the buyer's spot account, and the buyer's frozen funds will be transferred to the seller's spot account as payment. Otherwise, the transaction will be canceled. In this case, the system will unfreeze the buyer's funds and compensate the buyer with the seller's frozen security deposit. USDT Settlement orders: All deliveries will be executed at the project's delivery end time. Orders are settled at the average index price over the last ten minutes, which serves as the delivery execution price. Profits and losses are calculated based on the difference between the execution price and the delivery execution price. The losing party will pay the difference to the winning party. Note: 1) The system will execute deliveries in chronological order based on the transaction time of the orders. If you have both buy and sell orders in Coin Settlement mode, the quantities cannot offset each other. Please ensure that your spot account has a sufficient available balance for the sell orders at the time of delivery. Orders with insufficient balance will be treated as the seller's default. 2) For coin settlement orders, only tokens available in your spot account will be used for delivery. Tokens frozen in pending orders or held in other accounts will not be used for delivery. 3) The delivery is expected to be completed within one hour. To mitigate the risk of delivery failure due to insufficient funds, the seller of coin settlement orders should refrain from any transactions involving the delivery currency within 30 minutes after the delivery initiation. How can I make a pre-market trade as a seller? As a seller, you are required to use the USDT in your spot account to pay the margin. You can list your new tokens on the order market at your preferred price via Post Order, or you can find a suitable buy order on the order market and sell it to the buyer at the buyer's asking price. Once the order is filled, you just need to wait for the delivery. How can I make a pre-market trade as a buyer? As a buyer, you are required to use USDT from your spot account to pay for the trade. Using the Place Order function, set the quantity of coins you want to buy at your preferred price and list the maker order in the order market. Bitget will then lock the funds for the purchase and handle any related fees. Alternatively, you can directly select a sell order from the marketplace and buy the coins at the seller's designated price. Once the order is filled, simply await delivery. Do I have to fill the entire maker sell/buy order at once in pre-market trading? No, the platform allows you to trade any quantity of coins as long as it meets the minimum transaction limit. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget!
Stablecoin Protocol Usual: Not Affected by Penpie Hack
On September 4, stablecoin protocol Usual responded to the Penpie hack by stating that its USD0 pool was not affected by the hack.
NDV Lianchuang: Provided $6.5 million in liquidity to Usual’s treasury on Morpho
NDV co-founder Christian posted that he had just provided $6.5 million in liquidity to the stablecoin protocol Usual's vault on Morpho.
Bitget Research: Bitcoin Fluctuates in a Narrow Range at $60,000, Solana Memecoins Recover Significantly Showing Potential Buy-the-Dip Opportunity
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities. Overview In the past 24 hours, the price of BTC has fluctuated within a narrow range. Concurrently, the U.S. Ethereum ETF has experienced fund outflows for five consecutive days. The highlights are as follows: Sectors with strong wealth creation effect: Solana memecoins and DeFi. Top searched tokens and topics: Satlayer, Magic Eden, and Popcat. Potential airdrop opportunities: Symbiotic and Usual. Data collection time: August 23, 2024, 4:00 AM (UTC) 1. Market Environment In the past 24 hours, the price of BTC has fluctuated within a narrow range. A large accumulation of short positions above $62,000 has made this level a critical target for resistance and support shifts. Meanwhile, the US Ethereum ETF has seen fund outflows for five consecutive days, marking the longest streak of continuous outflows since its launch on July 23. According to data from Farside Investors, apart from August 12 when the Grayscale Fund reported no net flows, ETHE has experienced daily outflows. As of August 22, the outflows have exceeded $2.52 billion. 2. Wealth Creation Sectors 2.1 Sector Movements – Solana Memecoins (FWOG and POPCAT) Primary reasons: The wealth effect of tokens launched by the Sunpump platform has started to decline, leading to a return of speculative capital to the Solana ecosystem. This influx of funds is causing previously hyped and bottomed-out memecoins to rebound. Gainers: FWOG and POPCAT rose by 37.78% and 28.51% respectively within 24 hours. Factors affecting future market conditions: SOL trend: The price of SOL influences the prices of Solana ecosystem tokens, as many trading pairs on DEXs are priced in SOL. Monitor SOL's price trend closely. If SOL continues to rise, holding SOL ecosystem assets may be advisable. Changes in open interest: SOL's recent increase in open interest suggests increased hot money inflows. Consider using tv.coinglass to gauge the movement of major funds and monitor futures data. Start by observing the uptick in net long positions, and then monitor the futures data for any increase in open interest and trading volume. Such trends typically signify heightened bullish sentiment, implying potential stability in holdings. 2.2 Sector Movements – DeFi (CAKE and CHESS) Primary reasons: The BNB Chain has introduced a memecoin issuance platform called Four.Meme, which features a points promotion. Users can complete tasks on a designated page to earn points, redeemable for BNB Chain ecosystem memecoins such as FOUR and WHY. CAT, a memecoin on the BNB Chain, saw trading volumes exceed $117 million on its launch day. Increased activity and wealth effects on the BNB Chain have stimulated the ecosystem's DeFi projects, resulting in price increases as hot money flows in. Gainers: CAKE rose by 11.32% and CHESS by 28.55% within 24 hours. Factors affecting future market conditions: Protocol metrics: These metrics are crucial in assessing a protocol's activity level, including daily active users, trading volume, and profitability. For instance, AAVE achieving historical highs in these metrics under the current market conditions naturally prompts the market to adjust its market cap valuation accordingly. Conversely, if the protocol metrics do not grow, there is no reason for the market to be optimistic about the protocol's development. Profit distribution: An increasing number of DeFi protocols are linking their tokens to protocol revenue, a business model that reactivates token trading enthusiasm. Investors have ample reason to hold the token, so the advancement of the protocol's profit distribution will significantly impact the token price. 3. Top Searches 3.1 Popular DApps Satlayer: SatLayer, a Bitcoin restaking platform based on Babylon, has announced the completion of an $8 million pre-seed funding round. The round was led by Hack VC and Castle Island Ventures, with participation from Franklin Templeton, OKX Ventures, Mirana Ventures, Amber Group, Big Brain Holdings, and CMS Holdings. 3.2 X (former Twitter) Magic Eden: The ME Foundation has officially announced the launch of the ME token, which will serve as the Web3 consumer decentralized application token for the digital asset cross-chain trading protocol. The mission of the ME Foundation is to support the ongoing development of the Magic Eden DAO and its underlying protocols through community governance. As Magic Eden expands to mobile via the Magic Eden Wallet and beyond NFTs, ME token will become a tool to incentivize users to trade various assets across multiple blockchain networks at any time. As the NFT and digital ownership ecosystem evolves, other third-party DApps are expected to continue operating based on the protocol and may adopt the ME token for various use cases. 3.3 Google Search (Global and Regional) Global focus: Popcat: Recently, this token has seen good gains among Solana's memecoins. Binance Futures will launch the POPCATUSDT perpetual contract on August 22 at 9:00 PM, with a maximum leverage of 75x. Regional focus: (1) Asia: The region has shown keen interest in major assets, including BTC, ETH, and DOGE, with different countries focusing on different aspects. For instance, Pakistan is focused on the TON game BLUM, Indonesia on ETHFI, and Singapore on the AI project FET. (2) Europe and English-speaking regions: Taiko has been trending in searches, with the project experiencing a 6.3% rise over the past week and garnering considerable attention on X. (3) Latin America: There is focused interest in the dog-themed tokens in the region, prominently featuring FLOKI, BONK, and SHIBA INU in hot searches. There is also growing attention to gaming projects like SAND and MANA. 4. Potential Airdrop Opportunities Symbiotic Symbiotic is a generalized restaking project that enables decentralized networks to bootstrap powerful, fully sovereign ecosystems. It offers decentralized applications a method known as AVS (Active Validation Service) to collectively ensure mutual security. Symbiotic recently raised $5.8 million in seed round funding led by Paradigm and Cyber Fund. How to participate: Visit the project's official website, link your wallet, and deposit ETH and ETH LSD assets. Usual Usual is an RWA stablecoin protocol that has launched USD0, a permissionless and fully compliant stablecoin backed 1:1 by RWAs. USUAL is the project's governance token that allows the community to guide the future development of the network. Usual addresses current stablecoin market issues by redistributing profits to the community and rewarding token holders with actual yields generated from RWAs. Usual raised $7 million in a funding round led by IOSG Ventures, Kraken Ventures, GSR, and others. On July 11, Usual announced the official launch of its mainnet and simultaneously initiated a points program. Early participants can earn more Usual Pills points by providing liquidity or by minting and holding USD0++. These points can then be used to receive USUAL tokens during the airdrop period. How to participate: Mint USD0 tokens on the Usual website using Ethereum-based USDC, ETH, or other assets. Select the option "Provide USD0 as liquidity on Curve." Use the minted USD0 tokens to provide liquidity.
usual.money: RWA decentralized stablecoin
Why usual? Stablecoins can be said to be the foundation of the cryptocurrency industry. People need stablecoins as a use case for large-scale payments, and stablecoins also play a key role in the industrys Mass Adoption. As of July 30, 2024, the total market value of stablecoins is $168 B, and from the stablecoin market value overview chart below, it can be seen that the two centralized stablecoins, USDT and USDC, together account for about 90% of the total market value of stablecoins. Image source: Deflama, data as of July 30, 2024 Stablecoins are the money printing machines of Crypto. The two giants Tether and Circle generated more than $10 billion in revenue in 2023, with a valuation of more than $200 billion. Tether made a record profit of $4.52 billion in Q1 2024. Such a huge profit monopoly is obviously contrary to the spirit of encryption, so various decentralized stablecoin projects are constantly emerging. According to the collateral amount, decentralized stablecoins can be divided into over-collateralized represented by MakerDAO (DAI), equal collateralized represented by Ethena (USDe), and under-collateralized (currently there are no large-cap projects). There have been many successful decentralized stablecoin projects, but the collateral of these projects is generally crypto assets, so a sophisticated mechanism needs to be designed to combat the volatility of the currency price. If RWA (real world assets) are introduced, this problem will be solved. RWA is growing and in the ascendant, with RWA on the blockchain growing by more than 800% in 2023. usual.money introduces U.S. Treasury bonds as collateral, while providing transparency and security based on Ethereum smart contracts, and returning profits to the community and contributors. This design can be said to be tether-on-chain, combining the 1: 1 RWA characteristics of centralized stablecoin protocols with the security and transparency of the chain. Image source: https://docs.usual.money/start-here/why-usual background On April 17, 2024, Usual Labs completed a US$7 million financing round, led by IOSG and Kraken Ventures, with participation from GSR, Mantle, Starkware, Flowdesk, Avid 3, Bing Ventures, Breed, Hypersphere, Kima Ventures, Psalion, Public Works and X Ventures. Founder Pierre Person is a former French politician, member of the National Assembly, and most recently vice-president of the president’s political party, spearheading the push for crypto asset legislation in the country. On July 10, Usual announced the launch of its mainnet. As of August 6, the projects TVL is $146M. According to Coinmarketcap data on August 6, nearly 95% of USD 0 transactions are currently in Curves USD 0/USDC pool, with a liquidity of $11.33 M. At the same time, there are LPs of Aaves stablecoin GHO and USD 0 on Maverick Protocol, with a current TVL of $100k. Currently, USD 0 has a treasury planned by MEV Capital on the lending project Morpho, USD 0 USD 0++/USDC and USD 0++/USDC liquidity pools, with a total collateral of nearly $ 30 M at 86% LLTV (Liquidation Loan-to-Value). Through this pool, you can get Usual Pills rewards (see the interactive section at the end of the article for details) and Morpho token rewards at the same time. $USUAL TGE is expected in Q4 2024, with 90% of USUAL tokens allocated to the community. Mechanism Analysis Mortgage and Minting $USD 0 is the first RWA stablecoin that aggregates various US Treasury tokens and can be minted on Usual in two different ways: a. Direct RWA deposit: Users deposit eligible RWA into the protocol and receive an equivalent amount of USD 0 at a 1:1 ratio. b. Indirect USDC/USDT deposit: Users deposit USDC/USDT into the protocol and receive USD 0 at a 1:1 ratio. This indirect method involves third-party collateral providers who provide the necessary RWA collateral. This allows users to obtain USD 0 without having to directly handle RWA. RWA has grown significantly, but still only accounts for a small portion of the underlying assets in the cryptocurrency market. The main challenge lies in liquidity issues, including the difficulty faced by institutions in liquidating RWA holdings in the secondary market, and retail investors are unable to obtain RWA returns in the core DeFi ecosystem. Through USD 0, Usual is able to seamlessly integrate RWA token liquidity from platforms such as Hashnote . income $USD 0++ is an added value Treasury note, USD 0++ is a wrapped and locked version of USD 0. $USUAL is the governance and reward token of the Usual protocol. The income comes from staking: users lock their USD 0 in USD 0 Liquid Bond (USD 0++) for a period of time. The income can be obtained in one of the following two ways: USUAL Yield: Liquid Bond holders can receive their daily yield in the form of USUAL tokens (calculated every block). Basic Interest Guarantee: USD 0++ holders are guaranteed to receive a return at least equal to the return on their USD 0 collateral (risk-free return). To achieve this, users must lock their USD 0++ for a specified period of time (currently designed to be 6 months). At the end of this period, users can choose to receive the Basic Interest Guarantee in the form of USUAL tokens or USD 0 risk-free return. It is important to note that regardless of whether USD 0++ is obtained through primary issuance or the secondary market, holders are automatically entitled to receive USUAL tokens. Interaction Pills Event Overview The pre-launch phase starts at 00:00 (UTC) on July 10 and lasts for 4 months. Airdrop Amount: 7.5% of total $USUAL supply minted at the Token Generation Event (TGE) Users can get $USUAL airdrop allocation through referral program and TVL contribution. Similar to Ethenas planting pills activity. Linear distribution: the more you deposit, the more you get. Detailed interactive guide 1. Open Usual Money dApp: https://app.usual.money/#ZHWQS or enter through the official website and enter the early access code: ZHWQS 2. Deposit USDC, USDT, ETH to mint USD 0 (Ethereum mainnet). Click the link to mint: https://app.usual.money/counter/deposit 3. Ways to earn pills: 1. Minting: When users lock USD 0 into USD 0++, they can earn 5 pills each time. 2. Hold: Users holding USD 0++ can get 3 pills per day. 3. USD 0/USDC Pool: Users who provide liquidity in Curve’s USD 0/USDC pool can receive 1 pill per day. 4. USD 0/USD 0++ Pool: Users who contribute USD 0 to the pool can receive 3 pills per day. For every USD 0++ minted, you can also get 5 pills, which will be distributed proportionally to the USD 0 LP in the pool. NOTE: Providing USD 0++ to this pool will not yield any pills. There is also a time multiplier that starts at 1 and increases by 2% every day. It resets to 1 if the user exits their position. 4. Add liquidity to get pills: Select the USD 0/USD 0++ option and enter the USD 0 amount. Link: https://app.usual.money/desk/liquidity Pills Event Phase 2 On August 4, Usual launched the second event, where you can get Pills by completing tasks on Galxe. Event link: https://app.galxe.com/quest/usual/GCsgvtvTNA
Stablecoin protocol Usual is now live on Pendle
Stablecoin protocol Usual has announced that it is now live on Pendle, making it the second stablecoin on the protocol. On Pendle, users can earn additional Usual Pills and enjoy Boost Catchup for as long as they stay on Pendle or other Usual products. USD0++ YT: Earn 3 Usual Pills/day per YT; 3 Usual Pills/day per 1 USD0++ offered in LP; PT. No Usual Pills will be awarded, but stay within Pendle or other popular products and still benefit from the Boost Catchup and final Boost multiplier.
Bitget Research: U.S. Government On-Chain BTC Transfer Sparks Market Panic, Risk Aversion Heightens Ahead of Fed Meeting
In the past 24 hours, many new popular tokens and topics have emerged in the market, which are likely to be the next wealth creation opportunities. Overview In the past 24 hours, BTC briefly surged past $70,000 before pulling back to around $66,500. Certain sectors and projects exhibited significant wealth effects, offering clear intraday trading opportunities. The highlights are as follows: Sectors with strong wealth creation effect: Bitget ecosystem (BGB), POW sector, and BTC ecosystem. Top searched tokens and topics: Layer 3, Compound, and Tapswap. Potential airdrop opportunities: Symbiotic and Usual. Data collection time: July 30, 2024, 4:00 AM (UTC) 1. Market Environment Over the past 24 hours, the crypto market continued its uptrend led by BTC, which briefly touched $70,000 before pulling back, currently oscillating around $66,500. Other cryptocurrencies like ETH and SOL initially rose then fell, with notable intraday trading opportunities. The trading activity on Solana chain DEXes has notably outperformed Ethereum chain's, primarily driving the recent rise in the SOL/ETH exchange rate. On the news front, yesterday the U.S. government executed blockchain transfers exceeding $2 billion in BTC, with 10,000 coins deposited into an institutional custody services. These transfers prompted a risk-averse downturn in the market immediately after, directly contributing to the drop in BTC from its $70,000 peak. This week, with financial reports due from five of the top seven U.S. tech companies and a Federal Reserve interest rate meeting among other significant events, the market may see an early surge in risk aversion. 2. Wealth Creation Sectors 2.1 Sector Movements – Bitget Ecosystem (BGB) Primary reasons: Bitget announced today the launch of a new Launchpool project, Layer3, where staking BGB allows participation. Gainers: Contrary to the trend, BGB rebounded within 24 hours and is currently fluctuating around $1.12. Factors affecting future market conditions: BGB empowerment: Holders of BGB can continuously participate in Bitget’s three primary platforms for new launches: Launchpad, Launchpool, and PoolX. These platforms bring the benefits of bull market quality asset launches to the community, making it suitable for long-term holding. Changes in open interest: Bitget recently introduced perpetual futures trading pairs for BGB. Changes in the open interest of these futures can provide insights into potential buying or selling interest in BGB. 2.2 Sector Movements – POW Sector (BCH, KAS, and BSV) Primary reasons: On July 27, Republican presidential candidate Donald Trump attended the Bitcoin 2024 conference to appeal to the mining community in the U.S., announcing positive news for the mining industry. Gainers: Over the past week, BCH, KAS, and BSV rose by 15%, 12%, and 18%, respectively. Factors affecting future market conditions: POW popularity: Following Trump's appearance at the Bitcoin 2024 conference, the POW sector briefly surged in popularity, with noticeable net inflows of capital and traffic. It is crucial to keep an eye on the YouTube and Telegram mining community's engagement with POW tokens. Changes in open interest: Using BCH as an example, the recent rise in BCH's open interest suggests increased hot money inflows. Consider using tv.coinglass to gauge the movement of major funds and monitor futures data. Start by observing the uptick in net long positions, and then monitor the futures data for any increase in open interest and trading volume. If this is the case, it means that major players are still buying as prices rise, so it might be advisable to continue holding. 2.3 Sectors to Focus on Next – Bitcoin Ecosystem Projects (SATS and CKB) Primary reasons: Former U.S. President Donald Trump made a landmark statement at Bitcoin 2024 in Nashville. Trump plans to designate Bitcoin (BTC) as a strategic reserve asset for the U.S. and has declared that he will never sell any BTC, which is a positive development for the BTC ecosystem. Specific tokens: SATS: A leading BRC inscription project within the BTC ecosystem, also possessing memecoin attributes. SATS has recently shown strong performance relative to ORDI, hinting at potential forthcoming positive news. CKB: A Bitcoin Layer 2 project based on the RGB++ scaling protocol, CKB continues to build its technical prowess in the competitive Layer 2 solutions space. The project adopts isomorphic binding with Bitcoin and further improves the Bitcoin ecosystem. 3. Top Searches 3.1 Popular DApps Layer 3 (L3): Layer 3 is an on-chain task platform where users can discover new projects and earn rewards. By aggregating multi-chain and DApp user activities, Layer 3 generates on-chain identity DID for users, enabling efficient token distribution. Yesterday, the unique active user count for Layer 3 increased by over 30%. The project is set to launch on Bitget Launchpool soon. 3.2 X (former Twitter) Compound (COMP): Recent concerns about governance attacks have surfaced within the Compound Finance community following the approval of a proposal. In response, the Compound community has suggested launching a new Staked Compound product to mitigate governance risks. 3.3 Google Search (Global and Regional) Global focus: Tapswap: TapSwap, a Tap2Earn mini-app, received an endorsement from Telegram founder Pavel Durov. Launched at the end of 2023, it initially debuted on the Solana network before transitioning to the TON ecosystem, where it has garnered significant attention. Regional focus: (1) In Europe and the USA, hot topics are varied without a clear pattern, but the term "JD Vance Crypto" has topped multiple countries' hot searches, indicating a significant interest among traders in the political influence on cryptocurrencies. (2) Similarly, no distinct hot topics are observed in Asia, but there is notable interest in U.S. stocks such as Tesla and NVIDIA in the Philippines. (3) In Latin America, there's a pronounced interest in AI and DePIN, with GRASS, AGIX, and NEAR appearing prominently in the top searches in Colombia and Argentina, respectively. 4. Potential Airdrop Opportunities Symbiotic Symbiotic is a generalized restaking project that enables decentralized networks to bootstrap powerful, fully sovereign ecosystems. It offers a method known as Active Validation Service (AVS) to decentralized applications, allowing them to mutually protect each other. Users will be able to restake assets they have already deposited into other crypto protocols to help secure these AVS in exchange for rewards. Symbiotic has emerged as a competitor to EigenLayer in the market. It has completed a $5.8 million seed round funding led by Paradigm and Cyber Fund. Currently, Symbiotic's TVL has reached $1.2 billion despite setting a hard deposit cap. How to participate: Users can deposit various Symbiotic-supported tokens like wstETH, cbETH, and sUSDe into its protocol. However, most tokens have already reached their deposit cap, except for cbETH, which is still available. Users will need to wait for Symbiotic's next deposit opening to participate further. Usual Usual is an RWA stablecoin protocol that has launched USD0, a permissionless and fully compliant stablecoin backed 1:1 by RWAs. USUAL is the project's governance token that allows the community to guide the future development of the network. Usual addresses current stablecoin market issues by redistributing profits to the community and rewarding token holders with actual yields generated from RWAs. Usual raised $7 million in a funding round led by IOSG Ventures, Kraken Ventures, GSR, and others. On July 11, Usual announced the official launch of its mainnet and simultaneously initiated a points program. Early participants can earn more Usual Pills points by providing liquidity or by minting and holding USD0++. These points can then be used to receive USUAL tokens during the airdrop period. How to participate: Mint USD0 tokens on the Usual website using Ethereum-based USDC, ETH, or other assets. Select the option "Provide USD0 as liquidity on Curve." Use the minted USD0 tokens to provide liquidity.
Usual Money has launched Usual USD on the public mainnet, reaching a TVL of 90 million US dollars
A project named Usual Money has officially announced its public mainnet, launching a stablecoin called usd (USD0). The plan aims to provide a decentralized alternative for traditional fiat-backed stablecoins. According to statistics from defillama.com, as of July 14th, the total value locked (TVL) in the USD0 protocol is $90.78 million.
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