Key Market Insights on March 5th, how much did you miss out on?
Top News
1.Upbit to List KAITO KRW, BTC, USDT Trading Pairs
3.AAVE Surges Above $220, 24-hour Gain of 26%
4.Ethereum Pectra Upgrade Activated on Sepolia Testnet, Entering Final Testing Phase
5.Trump Concludes Speech in Congress, No Mention of Cryptocurrency
Trending Topics
Source: Overheard on CT (tg: @overheardonct), Kaito
AVAX: Today, discussions on AVAX largely revolved around the newly launched $BLUB token. $BLUB demonstrated significant price surges, becoming the talk of the community. Praise was given to AVAX's active and friendly community and a range of innovative projects, with mentions of other tokens like $KET and $WINK. The issuance of $BLUB proceeded smoothly, utilizing a customized Swap platform to prevent front-running. Additionally, there is high anticipation for AVAX's role in gaming and DeFi, with projects like Paradise Tycoon and Maplestory Universe choosing AVAX for blockchain integration.
AAVE: AAVE garnered attention today mainly due to a significant tokenomics update. This update included a six-month, $1 million weekly buyback plan, the activation of fee functionality, the introduction of a security mechanism called "Umbrella," and the issuance of non-transferable Anti-GHO tokens for debt offsetting. These measures aim to optimize AAVE's revenue distribution and sustainability, prompting a positive market response and a significant price surge for AAVE.
ARB: Discussions about ARB have focused on its integration with various platforms and its role in the DeFi ecosystem. Notable events include the launch of USDS on Arbitrum, offering a 6.5% APY, and support for tokenized stocks in the Mass application. Arbitrum's partnerships with projects like Spark and Conduit, along with high transaction volumes, further highlight its impact. Additionally, the upcoming token unlock plan on March 16 and trends in cross-chain participation have sparked discussions.
Featured Articles
1. "Deciphering the AAVE Buyback Proposal, Finally Initiating DeFi Dividends?"
On March 4, Aave DAO service provider Marc Zeller submitted a governance proposal for approval, officially named Aave Request for Final Comments (ARFC), aimed at reshaping Aave's economic model. It is not a simple adjustment to the existing mechanism but a fundamental upgrade involving revenue distribution, incentive mechanisms, and optimizations for long-term stability.
2. "Everyone's Criticizing VC Coins, Let's See How This Round of VC Performance Is?"
Continuing its core metric of "investment project listing efficiency," we have selected a total of 73 VCs, including 35 domestic VCs, 30 foreign VCs, and 8 exchange VCs. We compiled statistics on the number of projects invested in, as well as the listing quantities and probabilities on the five major exchanges: Binance, Bybit, Upbit, Okex, and Coinbase. For example, the Binance listing rate = number listed on Binance/total investment transactions. We have introduced exchange weight parameters that are more aligned with the current market landscape: Binance 2, Bybit 1.5, Upbit 1, Okex & Coinbase 0.7. Finally, we have visualized the performance of crypto VCs with the most hardcore and intuitive charts to dissect the performance from this perspective.
Maximum Gain & Loss
Token Price Volatility on March 5th, sorted and ranked by trading volume
Top Gainer
1.$ADA

2.$AAVE

3.$KAITO

Top Loser
1.$GPS

2.$NOT

3.$ALCH

On-chain Data
On-chain Fund Flow on March 5th

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