Ho Chang Jun

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

Demex Daily #84: Dymension Launches Mainnet with $390M DYM Airdrop

What’s Interesting Today: Dymension initiated its mainnet and distributed $390 million worth of DYM tokens across Solana, Ethereum, and other networks, resulting in a 58% increase in the token's price post-launch. The giveaway included 700 million DYM tokens, aiming at over a million wallets, although only approximately

Demex Daily #83: EigenLayer's Cap Lift Boosts TVL to $3.2B, Spurs Ethereum Restaking Surge

What’s Interesting Today: EigenLayer has lifted its 200,000 ETH staking limit for a brief period, leading to a significant $750 million increase in its total value locked (TVL), which now exceeds $3 billion. This decision facilitated the influx of over 1 million ETH into the protocol within hours,

Demex Daily #82: Farcaster User Growth Skyrockets with 'Frames' Feature

What’s Interesting Today: The Farcaster network's user base grew by 400% to 25,000 after launching "frames" in its Warpcast app, enabling users to access external content seamlessly within the app. This feature led to daily activities surging tenfold. Founded by ex-Coinbase engineers, Farcaster is

Demex Daily #81: Stride Introduces stTIA with $18.5M Airdrop in Cosmos Ecosystem

What’s Interesting Today: Stride, a leading liquid staking protocol in the Cosmos ecosystem, has launched a liquid staking token for Celestia (TIA) named stTIA. To encourage adoption, Stride is airdropping 5 million STRIDE tokens, valued at $18.5 million, to early stTIA holders over five months, with 3 million

Demex Daily #80: Jupiter's JUP Token Launch Marks Milestone for Solana's DeFi Ecosystem

What’s Interesting Today: The JUP token from Jupiter, a Solana-based DEX aggregator, reached a $914 million market cap shortly after its launch, ranking it sixth among decentralized exchanges. The token's launch included one of the largest crypto airdrops to 955,000 wallets. Jupiter's fully diluted

Demex Daily #79: Ethereum's Dencun Upgrade Advances with Successful Sepolia Testnet Implementation

What’s Interesting Today: The "Dencun" upgrade, a significant update for Ethereum, has been successfully implemented on its second testnet, Sepolia. This upgrade introduces "proto-danksharding" to reduce transaction costs and improve data availability on layer-2 blockchains. After launching on the Goerli testnet with some issues, Dencun