UPDATE 🚨 ONLY 11 #BLOCKCHAINS MADE OVER $100K IN FEES LAST | Peter Maliar on Binance Square

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UPDATE 🚨 ONLY 11 #BLOCKCHAINS  MADE OVER $100K IN FEES LAST WEEK
JUST 6 TOPPED $1M 👀

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YGG’s Broader Mission Ygg’s broader mission is to cultivate stable virtual economies within blockchain games and metaverse projects. By pooling resources, investing in NFTs, and facilitating play to earn mechanics, YGG seeks to create a self-sustaining economy where games, players and guilds all benefit. This vision extends beyond individual earnings. It imagines a future where virtual worlds and real economies blur and virtual characters have sustained utility and value. Where communities govern their own digital assets democratically. For web 3 enthusiasts, YGG represents a stepping stone towards inclusive, community built virtual economies. #YGGPlay $YGG @Yield Guild Games

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INJ’s Long Term Value Engine A key economic design for Injective’s native token is its deflationary burn mechanism. The weekly burn auction through which INJECTIVE gets its long term value potential. Under this specific burn auction system the 60% of the protocol fees from dApps running on Injective are pooled and auctioned once in a week. Bidders use INJ tokens to bid for the basket of collected fees and whatever bid does win, it is burned permanently. As the network and usage of the ecosystem grow, this mechanism could gradually reduce supply potentially benefitting long term holders. #injective $INJ @Injective

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Risks & Realities, WHAT SMART PARTICIPANTS SHOULD KNOW! Where Yield Guild Games offers promises it is not without risk. The success of its model depends on the viability of the partner games, NFT markets, and a sustainable demand for play to earn mechanics. If a major game loses popularity then its asset value and rental demand may drop too! Critically, returns for scholars hinge on in-game economics and market interests. Moreover, tokenomics mean that scheduled unlocks or large sell offs could pressure YGG’s token price. Smart participants should treat YGG whether as gamer, scholar, or investor, within a long term view it diversifies holdings. And monitor asset performance, game vitality and guild governance before committing significant resources. #YGGPlay $YGG @Yield Guild Games

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An Upgrade of INJ 2.0 In August 2023, an upgrade of INJ 2.0 was launched, Injective expanded this specific Burn mechanism. Now any dApps, it means not just exchanged ones, can contribute fees to the auction basket potentially up to 100% of their fees. This broad participation widens the burned base significantly and increases the deflationary pressure as usage grows across the system. This solved the problem of reduced supply potential for long term holders. Meanwhile, INJ remains the functionally utility token used for network gas, staking, collateral derivatives and governance. #injective $INJ @Injective

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ETH spot ETF finally broke its streak After five straight days of inflows it just saw a big outflow of around 79M. Last week was pretty strong with steady money coming in but this pullback shows some cooling off in the short term. Let’s see if it picks momentum back up in the next sessions.

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