1inch Launches Web3 Debit Card

MakerDAO Raises Debt Ceiling, Base Overtakes Arbitrum In Active Addresses

Welcome to Coinfeeds Daily Digest! Today we cover Solana developers having identified the issue that caused the ~75% non-vote transaction failures and aiming to fix it by April 15th. A new launchpad for Solana and Blast memecoins called Pump.Fun hit $5.2 million in revenue in just a month following its launch, and Coinbase's Base has surpassed Arbitrum in active addresses. Also, MakerDAO has raised its debt ceiling for allocations of DAI towards Ethena, and 1inch is rolling out a debit card via a partership with Baanx and Mastercard.

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1inch Launches Web3 Debit Card with Mastercard

1inch Network has announced the launch of a Web3 debit card in collaboration with Mastercard and Baanx. The 1inch Card is designed to streamline the process of using digital assets for everyday transactions, making it easier for users to spend their cryptocurrency at over 160 million locations worldwide that accept Mastercard. One of the key objectives of the 1inch Card is to bridge the gap between the Web2 and Web3. | Read More

Base Network Surpasses Arbitrum in Active Addresses

The Base network has seen an explosive increase in active addresses, with over 1.48 million new active addresses being added in just the first part of the month. This growth has allowed Base to narrowly surpass Arbitrum One, which had 1.43 million active addresses in the same timeframe. | Read More

Solana Developers Target April 15 for Transaction Failures Fix

A particular issue causing over 75% of non-vote transactions to fail on April 4 has been identified, leading to a swift response from the Solana development team. They have set a target date of April 15 to implement a fix, emphasizing that the root of the problem is not a fundamental design flaw but rather an implementation bug related to the QUIC protocol. | Read More

MakerDAO Raises Debt Ceiling to $1B for DAI Allocations in Ethena

The adjustment sees the debt ceiling raised to $1 billion for Dai allocations in Ethena's USDe and sUSDe stablecoin markets on the Morpho platform. This decision marks a pivotal shift from the initial plan, which proposed a $600 million allocation, highlighting MakerDAO's strategic intent to diversify its collateral exposure. | Read More

Solana & Blast Memecoin Launchpad Pump.fun Hits $5.2M Within 38 Days Since Launch

A new platform named pump.fun has made headlines by generating a staggering $5.2 million in revenue within just 38 days of its launch. Pump.fun was initially launched to support tokens on the Solana blockchain but quickly expanded to include the Ethereum Layer 2 network, Blast. | Read More