1 Million Tokens Launched Since April
Vitalik's EIP-7702 Proposal Supported By Community, Notcoin Airdrop Claims Open
More than 1 million new tokens have been launched since early April.
Mostly consisting of memecoins, as per this Dune dashboard, Ethereum saw over 370,000, and Solana saw over 640,000 new tokens.
This can be attributed to the growing interest in memecoins, and especially, recent launches of new fancy chains like Base and Blast. Over 327,500 tokens were introduced on the Ethereum-based Base, Coinbase's own L2.
According to Step Finance’s data, around 467,000 Solana-based tokens of the total 643,000 are memecoins.
Only from 33 presales, Solana-based memecoins have gathered around $150 million in SOL.
More memecoins means more scams, spam, and the utilization of sniper bots that buy-up new memecoins. And other noise.
The community suggests similar trends to those of the 2017 ICO boom.
Market Update
News
Vitalik's EIP-7702 Sees Much Support From Community
EIP-7702 emerged in response to some of the challenges and limitations posed by an earlier proposal, EIP-3074, which was slated to be part of the upcoming Pectra hard fork. The primary goal of EIP-7702 is to enhance the functionality and user experience of Ethereum wallets by leveraging a concept known as account abstraction. | Read More
Evmos, Ripple, and Peersyst Forge XRPL EVM Sidechain
The primary goal of this collaboration is to seamlessly connect the XRPL to the broader interchain ecosystem, specifically to over 60 chains within the Cosmos SDK network, through the Inter-Blockchain Communication Protocol (IBC). This strategic move is poised to drastically increase interoperability and flexibility for both XRPL developers and users. | Read More
Notcoin Airdrop Claim Opens, Binance Users Stake $14B for NOT Rewards
Notcoin is a game that operates on the Telegram messaging app, offering players a unique blend of gaming and cryptocurrency. The game allows players to mine in-game coins, which can now be converted into NOT tokens. With a staggering player base of 35 million, the game's transition into the cryptocurrency market is a significant move. | Read More
GameStop-themed Memecoin and Stock Surge On Roaring Kitty's Return
GameStop and a GameStop-themed memecoin have been set ablaze by the return of Keith Gill, better known by his online alias Roaring Kitty. This unofficial tribute to the retailer saw its price soar to an all-time high of $0.01915, marking a staggering 1,900% increase in just 24 hours and a 2,221% rise over the past week. Despite having no official affiliation with GameStop, the meme coin's market cap ballooned to about $89 million. | Read More
Oxymoronic "Liquid Vesting" Feature Unveiled by Colony Lab
Liquid vesting is a feature that allows early investors in blockchain projects to trade their tokens before the end of their vesting period. Traditionally, early investors, such as VCs and high-net-worth individuals, are required to wait for a predetermined period before they can sell their tokens, but liquid vesting “solves“ the concept of locked funds. | Read More