@CoinMarketCap Market Pulse | Weekend
DEFI BRIEF 🏦
Perpetual DEX platform,
#Hyperliquid , goes down for 37 minutes, preventing traders from opening or closing positions during the time. The platform has since resumed full function.
Leading lending platform, Aave, passes a goverenance vote to reduce emissions by 25%, while keeping token buybacks at the same level.
Pair-trading platform, Pear protocol goes live, running on the Hyperliquid backend to fill users’ trades.
Stablecoin protocol, Ethena, introduces Liquid Leverage, in collaboration with Aave, incentivizing the provision of liquidity for USDe and sUSDe on Aave.
VC FUNDRAISES AND AIRDROPS 💰
Stablecoin L1,
#Plasma , concludes their token sale with a 7x oversubscription, raising $373M over the past 11 days from eligible participants.
Blockchain infrastructure development firm, Manifold Labs, raises $10.5M in a Series A funding round led by OSS Capital, with support from DCG and angels from Shopify, Google, Bittensor and more.
On-chain ETH treasury company, ETH Strategy, raises 12,342 ETH or $46.5M worth in a pre-launch raise, kicking off the next phase of rollout for the project.
#StandardChartered crypto subsidiary, Zodia Markets, raises $18.25M in a Series A funding round led by Pharsalus Capital, with participation from Circle Ventures, Token Bay Capital and more.
#Consensys -backed Ethereum L2, Linea, releases their tokenomics for the first time.
#SONIC SVM opens claims for eligible users who participated in the Testnet Odyssey, Mobius or users who provided sonicSOL liquidity prior to the snapshot.
Registration for the Succinct airdrop is now live, with eligible users including their community, developers and X affiliates.
$AAVE $ENA $ETH