Ho Chang Jun

Demex Daily #94: MAVIA Token Sees Sharp Decline After Record High Amidst Gaming Token Rally

What’s Interesting Today: The MAVIA token, associated with the Ethereum-based game Heroes of Mavia, experienced a significant drop of 26% just two days after achieving a new all-time high. This decline occurred amidst a broader rally in gaming tokens, with MAVIA falling over 5% in one day to about

Demex Daily #93: Ethereum Nears $3K on ETF Hopes and Upcoming Dencun Upgrade Boost

What’s Interesting Today: The price of Ethereum (ETH) approached $3,000 on February 19, buoyed by optimism for the forthcoming Dencun upgrade and the potential approval of a spot ETH exchange-traded fund (ETF) within the year, as forecasted by analysts at Bernstein. This anticipation led to a notable 4.

Demex Daily #92: ApeCoin DAO Partners with Arbitrum for Ethereum Gaming Scale-Up

What’s Interesting Today: The ApeCoin DAO has selected Arbitrum, an Ethereum layer-2 scaling network by Offchain Labs and Horizen Labs, to create the "ApeChain" focused on gaming for the Bored Ape ecosystem. This decision, winning over 50% of votes, aims to mitigate the high costs and inefficiencies

Demex Daily #91: Prisma Debuts ULTRA Stablecoin Backed by Liquid Restaking Tokens

What’s Interesting Today: Prisma Finance has launched ULTRA, a stablecoin backed by Liquid Restaking Tokens (LRTs), allowing users to borrow against their LRTs while keeping restaking rewards. Initially, ULTRA supports borrowing against weETH from ether.fi, with plans to include more assets. This initiative aims to enhance the utility

Demex Daily #90: Immutable Leads Ethereum Layer 2 Surge with zkEVM Launch and Record TVL Growth

What’s Interesting Today: Immutable has distinguished itself as a top performer in the Ethereum Layer 2 space, specializing in GameFi and NFT sectors, by leading the growth charts in both total value locked (TVL) and the performance of its native IMX token over the last week. The network saw

Demex Daily #89: Starkware Plans 12% Yield Staking for STRK Token Decentralization

What’s Interesting Today: Starkware has introduced a staking mechanism for its Starknet token (STRK), with the possibility of holders making upwards of 12% annually. This initiative is part of the strategy to further decentralize its Ethereum layer 2 network using a proof-of-stake system, enabling STRK holders to contribute to

Demex Daily #88: Franklin Templeton Eyes Ethereum ETF Amid Expanding Crypto Endeavors and Mixed SEC Outlook

What’s Interesting Today: Franklin Templeton has entered the competition for an Ethereum ETF with a recent filing to the SEC, despite not achieving the same level of success as leaders BlackRock and Fidelity in its previous bitcoin ETF venture. The firm is part of a growing list of applicants

Demex Daily #87: COTI's Surge with MPC Privacy Boost on Ethereum L2

What’s Interesting Today: COTI's token price jumped after integrating its Multi-Party Computation (MPC) protocol into Ethereum's Layer 2, enhancing privacy and security. This integration allows for private computations without revealing data, marking a crucial step towards launching COTI V2. The MPC technology supports diverse dApps

Demex Daily #86: Frax Finance Launches Fraxtal L2 Blockchain with Innovative Rewards

What’s Interesting Today: Frax Finance launched Fraxtal, a Layer 2 blockchain on Ethereum using the Optimism stack, announcing an airdrop of $FXTL points for veFXS stakers with a snapshot due on March 6. Fraxtal introduces the Flox incentive system, rewarding utilization per block from March 13. It promises a

Demex Daily #85: Wormhole Announces W Token Economics and Community Airdrop

What’s Interesting Today: Wormhole has announced the distribution details for its upcoming W token, setting the total at 10 billion tokens. The breakdown includes 17% for the community, 23% reserved for the Foundation's Treasury, 12% for core contributors, 31% for ecosystem development, and the balance for strategic