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10 important Events in the world of crypto projects by Colin Wu
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10 important Events in the world of crypto projects by Colin Wu

Jan 20, 2024

Famous cryptocurrency industry researcher from China, Colin Wu, has presented his latest news review in which he shared information about ten key events related to blockchain projects as of January 20, 2024. The expert noted that there have been many interesting developments in this industry.

Colin Wu paid special attention to the statement made by the CEO of the popular NFT platform OpenSea, Devin Finzer. He announced that his company is working on an update called OpenSea 2.0. The main goal of this update is to provide users with new capabilities and reduce the differences between different NFT categories as new ways of using tokens evolve. Additionally, Colin Wu also highlighted the growing popularity of the Solana blockchain and increasing interest in Bitcoin Ordinals.

It's also worth noting that the decentralized exchange dYdX surpassed Uniswap in daily trading volume. According to information provided by Colin Wu, the Cosmos-based dYdX v4 platform conducted transactions totaling $757 million in one day, while Uniswap v3 only achieved $608 million. Furthermore, dYdX v3 exchange took the third place with a volume of $567 million.

In addition, Colin Wu noted that the total amount of tokenized assets on MakerDAO (RWA) has decreased to $2.1 billion. This represents 44% of the decentralized organization's total revenue. In November 2023, this value exceeded $3.5 billion. The decrease in this amount indicates significant growth in the volumes of loans issued in the DeFi sector.

Colin Wu also emphasized that the developers of the Blast platform announced the official launch of the test network and provided a link to the Blast BIG BANG competition. The leaders of the Conflux startup announced the launch of the EVM BTC Layer-2 virtual machine, using BTC as gas fees.

Developers of the public blockchain project Klaytn and Finschia, which are part of the LINE company, proposed to merge their networks and release an integrated token called PDT. Meanwhile, the new project Manta Network (MANTA) on Binance Launchpool faced accusations of price manipulation and money laundering after its listing. However, the developers denied these allegations.

In addition, representatives of the HTX exchange announced the launch of HTX DAO and the replacement of the Huobi (HT) token with a new asset called HTX. On the other hand, representatives of Azuki expressed their intention to pursue a new strategy in the field of intellectual property, aiming to become a global brand in the animation industry.

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