DeFi Daily | AntChain’s official Weibo responds to the change of NFT

DeFi data

1. DeFi total market value: 150.193 billion US dollars


DeFi total market value data source: Coingecko

2. Transaction volume on decentralized exchanges in the past 24 hours: US$3.85 billion


Source of transaction volume data on decentralized exchanges in the past 24 hours: Debank

3. Total borrowings of DeFi lending platform: 28.76 billion U.S. dollars


Data source of total borrowings on DeFi lending platform: Debank

4.1 Assets locked in DeFi: $105.86 billion



The top ten rankings of locked assets in DeFi projects and the amount of locked positions, data source: Debank

4.2 DeFi locked assets on the Ethereum chain: $77.7 billion



The top ten rankings of DeFi locked assets on the Ethereum chain and the amount of locked positions, data source: Debank

4.3 DeFi locked assets on the BSC chain: $15.2 billion



The top ten rankings of DeFi locked assets on the BSC chain and the amount of locked positions, data source: Debank

4.4 DeFi locked assets on the Polygon chain: $3.42 billion



The top ten rankings of DeFi locked assets on the Polygon chain and the amount of locked positions, data source: Debank

4.5 DeFi locked assets on the Avalanche chain: $4.98 billion



The top ten ranking of DeFi locked assets on the Avalanche chain and the amount of locked positions, data source: Debank

DeFi hotspot

1. Data: DeFi’s total lock-up volume exceeded US$170 billion, a record high

According to news on October 25, according to DeBank data, the total amount of DeFi locked in the entire network reached US$171.46 billion, a record high. The current top three DeFi agreements with locked positions are PancakeSwap (40.6 billion U.S. dollars), Maker (15.7 billion U.S. dollars), and Curve (15.2 billion U.S. dollars).

2. The Curve community initiated a proposal to discuss and recommend removing the Curve DAO whitelist

On October 24th, the Curve community initiated a proposal to discuss the proposal to remove the Curve DAO whitelist. It is reported that the SmartWalletWhitelist contract requires that any contract that wishes to interact with Curve DAO first pass the DAO’s approval vote. This proposal is to abolish the whitelist contract and make access to Curve DAO unlicensed. The proposal stated that the whitelist requirement failed to achieve its intended purpose. Instead, it creates a wall that has the detrimental consequences of stifling innovation and prevents developers from building applications that integrate with Curve DAO.

3. The BXH stupid kid loan agreement officially landed on the BSC chain

According to official sources, the DeFi platform BXH Stupid Kid officially launched the loan agreement on October 25, supporting storage & loan currencies: USDT, BUSD, and more loan pools will be opened later. The loan agreement is modified based on the Compound agreement, and the BSC chain is currently online. BXH Stupid Kid aims to realize pledge lending for multiple chains, and is committed to becoming a one-stop DeFi service platform.

4. Composable Finance: 1.5 million INST tokens will be distributed this week

On October 25, the liquidity infrastructure agreement Composable Finance tweeted that the INST rewards for the second week have been issued on Soon, Instrumental Finance (Composable Finance Incubation Project) will release some updates to the community. 1.5 million INST tokens will be distributed this week. Officials said that several similar plans will be launched in the future.

NFT hotspot

1. Antchain responds to the change of NFT words: resolutely oppose the hype behavior of NFT products

According to news on October 25, the official Weibo of AntChain responded to the change of the NFT wording. AntChain has been strictly following relevant policies, legally and compliantly, and prudently carrying out digital collection business. Provide underlying technical services for the distribution of digital collections, ensure its uniqueness and authenticity, protect the copyright of the issuer and consumer rights, and commit to using cutting-edge technology to promote the development of the cultural and creative industry. At the same time, it implements a strict screening and control mechanism for distribution content, adopts user real-name authentication, and only supports free transfer to qualified Alipay real-name friends after holding it for 180 days. AntChain will firmly oppose the hype behavior of NFT products, which not only affects consumer perception, but also is not conducive to the healthy development of the industry ecology. Therefore, as early as September, I chose to use a more accurate business description and definition of rights and responsibilities, and digital collections are also more easily understood by the public.

2. Tencent Magic Core responds to the change of the NFT wording: digital asset transfer between users is not open, and illegal activities related to virtual currency are firmly resisted

On October 25, Tencent Digital Collection Platform Magic Core issued a response to the change of its NFT wording, saying that Tencent Magic Core has been committed to the digital collection business within the compliance framework, and the digital collection business on the Magic Core platform adopted users. The entire process is real-named, the content is reviewed in the entire link, and the transfer of digital products between users is not opened, and the illegal activities related to virtual currency are firmly resisted. The business logic of Magic Core Digital Collection is completely different from the internal logic and extension of the overseas unregulated NFT business. Therefore, this change of name is once again to express to the public the high standards and strict requirements of Magic Core business’s compliance. In the future, Magic Core will join hands with Zhixin Chain to continue to empower digital cultural creation and digital art, actively explore the new ecology of the digital economy, and launch more digital collections that everyone loves to hear.

3. Label Foundation, an NFT infrastructure agreement, completes $1 million in private equity financing

On October 25th, the NFT infrastructure agreement Label Foundation announced the completion of a $1 million private equity financing, led by HG Ventures, with participation from GBIC, Mindfulness Capital, IOST , M6, Adaptive, Icetea Labs, Alphabit, and Pragma. Label is built on an Ethernet Square NFT infrastructure protocol on the network, aimed at establishing a fair profit-sharing ecosystem. Its ecosystem is supported by LBL utilities and governance tokens. LABEL has introduced a decentralized P2P incubation platform to invest in entertainment and educational content through the DAO voting system. This system provides content creators in the MOOC industry with a convenient way to invest, promote and distribute their intellectual property. Label Foundation has reached a partnership with OPENTRACK, a leading music education platform operated by Clesson.

4. The total sales of Tyler Hobbs’ NFT works exceed 150 million U.S. dollars. The new work “Incomplete Control” will be auctioned in December

According to news on October 25, artist Tyler Hobbs’ NFT work “Fidenza” (Fidenza #313) has sold more than 150 million US dollars to date (including “Fidenza #313” which was sold for 3.3 million US dollars in August). He will hold a live art casting event in Manhattan on December 9th to launch his next series “Incomplete Control”. The new NFT is customized and will not be open to the public (including buyers) until December. The auction will be held on Art Blocks and will be offered as an ERC-721 NFT. Ticket buyers must be present in exchange for tickets.

5.Label Foundation raised $1 million for its blockchain-based entertainment and NFT ecosystem

On October 25th, the Label Foundation announced that it had successfully raised US$1 million through a private equity financing led by HG Ventures. Other leading venture capital companies also participated in the event. The team stated that the funds will be used to develop its next-generation non-fungible token (NFT) infrastructure and entertainment ecosystem.

Posted by:CoinYuppie,Reprinted with attribution to:
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