Key Market Insights from November 28th, How Much Did You Miss?
1. On-chain Fund Flow: $215.9m flowed into Ethereum, $187.8m flowed out of Ethereum 2. Largest Price Swing: THE, CHILLGUY 3. Top Trends: Base, PENDLE, HYPE 4. Top News: Solv Protocol announced the upcoming launch of the SOLV token and its imminent TGE
Featured News
1. Solv Protocol Announces Launch of SOLV Token and Upcoming TGE
2. Binance Announces BNSOL Super Staking to Launch with Initial Project Pyth Network (PYTH)
3. Wintermute Could Become CHILLGUY Market Maker with Increased Fund Activity
4. Base Network TVL Surpasses $11 Billion, Reaching an All-Time High
5. ListaDAO Introduces Multiple Updates, Launches PSM with Up to 283% APR Rewards
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
[Base] Base garnered significant attention on Twitter due to several key developments and discussions. The platform saw a surge in activity, surpassing 10 million transactions for the first time and becoming the center of attention for new projects like Pendle and CrossCats. The Base ecosystem is expanding with integrations such as AVAIL and LBTC, and the community is actively discussing its growth potential and prospects. Notably, Base introduced new DeFi opportunities, introduced an AI agent, and expressed gratitude to the BASE community during Thanksgiving.
[PENDLE] Pendle attracted widespread attention due to its launch on the Base platform, offering new yield opportunities including assets like cbETH and LBTC. This integration is seen as a significant step for Pendle to enhance its DeFi capabilities, with many users excited about the potential for high returns and integrations with other DeFi platforms like MorphoLabs and AerodromeFi. The sentiment around Pendle is largely positive, with discussions focusing on its innovative yield trading mechanism and its potential to become a key player in the DeFi space.
[HYPERLIQUID] The HYPERLIQUID platform has garnered widespread attention due to the genesis event of its native token HYPE, scheduled for November 29th. The platform has evolved into a comprehensive financial system, acclaimed for its high transaction throughput and user-friendly experience, even comparable to centralized exchanges. Discussions have focused on the final distribution of Hyperliquid tokens, the potential value of HYPE, and the anticipation of the Token Generation Event (TGE). The community is excited about the platform's innovation and its potential leading position in the DeFi space.
Threads Tweets
1. Reflection notes from a top trader @0xENAS
2. How to explain the current market situation to people around you in a bull market, @cburniske
Featured Articles
1. "What Are AI Agents?"
Binance
AI agents are autonomous programs that can analyze information, learn from their own experiences, and perform tasks on behalf of users. AI agents differ from conventional bots in that their operational and improvement capabilities are enhanced, requiring minimal human intervention. AI agents can also interact with other agents and applications and have various use cases. For example, they can help enhance cryptographic technology through automated trading, risk management, making NFTs more interactive, simplifying blockchain, and making Web3 more user-friendly.
2. "7 Hours 200x, GameFi + AI Becomes the New Hype?|What's being speculated in meme today?"
zhouzhou, BlockBeats
Recently, the AI track has been hot, with various currencies emerging, especially meme coins on Solana skyrocketing in popularity. Meanwhile, the ecosystem on the Base is gradually emerging, with new projects and tokens continuing to heat up, marking a frenzy in the bull market. In this trend, today Rps surged 500 times in five hours, hitting a market value of 480M, and Mona experienced a sharp rise in price immediately after the mishap was clarified, reaching as high as 26M, with a low point surge of 130 times.
Price Change
Token volatility on November 28, sorted and ranked by trading volume
Top Gainer
1.$THE
2.$ENS
3.$GRS
Top Loser
1.$CHILLGUY
2.$QKC
3.$UBC
On-chain Data
On-chain fund movements on November 28
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hedera Token Sees $2B Trading Spike Amid 5% Rally
ChatGPT’s head of product to testify in the DOJ’s antitrust case against Google
Share link:In this post: ChatGPT’s head of product, Nick Turley, has been added as a witness for the United States Department of Justice (DOJ) in its antitrust case against Google. Nick Turley is the latest addition to the witness list that features representatives from Perplexity and Microsoft. Google ramps up preparation for Turley’s testimony by asking for documents related to the hearing from OpenAI through a subpoena.
SEC charges New York blockchain engineer over GME rug pull fraud
Share link:In this post: Eric Zhu settled SEC fraud claims for orchestrating a rug pull scheme involving Game Coin. Zhu allegedly misappropriated $553K by moving unlocked liquidity provider tokens to his control. The case marks one of SEC Chair Gary Gensler’s final enforcement actions.