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Demex Daily #140: BONK and WIF Surge on Solana Amid Market Dip

What’s Interesting Today: Solana meme coins BONK and WIF have recorded significant price increases in the last 24 hours, despite a broader market downturn that has seen a 2.30% drop in the global crypto market cap. BONK has seen a 13.5% rise following a community-approved proposal to

Experience The Power of Liquidity with Demex’s Perp Pools!

For those familiar with Demex, Perp Pools have likely become a cornerstone, particularly among Liquidity Providers (LPs). These pools function as specialized liquidity reserves tailored for perpetual markets. While they share similarities with spot liquidity pools, they distinguish themselves by employing AMM smart contracts to allocate user-provided liquidity across the

Demex Daily #139: Metis Rolls Out 'Sequencer Mining' in Phase 2 Update

What’s Interesting Today: Metis has launched phase 2 of its decentralized sequencer upgrade, introducing a new feature called "Sequencer Mining." In this setup, sequencer nodes can earn METIS tokens by processing transactions and generating blocks on Layer 2 blockchain networks. Users can stake through LST providers that

Demex Daily #138: Stacks Rolls Out 'Nakamoto' Upgrade to Enhance Network Efficiency

What’s Interesting Today: Celo has chosen Optimism's OP Stack for its transition to a layer-2 network on Ethereum after a competitive review process among leading layer-2 technologies. The proposal by Celo's primary developer, cLabs, will be discussed in community calls before going to a vote

FOMO Points Booster

It's been two exciting weeks since Demex Points launched! Many users have claimed their Retro Spins and retroactive rewards, while others are actively earning spins to unlock Demex Points through loot boxes. Currently, Demex Points focuses on rewarding two key activities: perpetual contract trading and providing liquidity to

Demex Daily #137: Merlin Chain Launches $MERL Token Boosting Bitcoin Layer 2 Ecosystem

What’s Interesting Today: Merlin Chain, a leading Bitcoin Layer 2 protocol, has launched its native cryptocurrency, $MERL, after achieving a notable $3.6 billion in total value locked (TVL). The $MERL token, built on the BRC-20 standard, boosts the platform’s functionality by supporting governance, network security, and enabling

Demex Daily #136: Optimism Collective Announces $22M Grants for Superchain Builders

What’s Interesting Today: The Optimism Collective has launched its fourth Retro Funding Round, offering $22 million worth of OP tokens to builders on the Superchain, an Optimism-based technology aiming for interoperable blockchain networks. The funding round begins on May 23 with applications open until June 6, followed by a

Demex Daily #135: Worldcoin Launches Privacy-Focused 'World Chain' on Ethereum

What’s Interesting Today: The Worldcoin Foundation, associated with the eye-scanning Worldcoin project, plans to launch World Chain, a new blockchain using tech from layer-2 provider Optimism. This network, built on Ethereum, will use ETH as its native token and allow Worldcoin (WLD) to pay for gas fees. World Chain

Demex Daily #134: EigenLayer Removes Caps and Expands ETH Staking as Competition Grows

What’s Interesting Today: EigenLayer, an Ethereum restaking protocol, has completed its rollout phase by removing deposit caps on all ETH liquid staking tokens (LST) and resuming restaking deposits, signaling a new growth phase for its ecosystem. This move provides uncapped access to its eleven LST pools. The protocol previously

Demex Daily #133: Hong Kong Launches First In-Kind Bitcoin and Ether ETFs

What’s Interesting Today: Hong Kong has approved its first spot exchange-traded funds (ETFs) for Bitcoin and Ether, with the local Securities and Futures Commission (SFC) granting conditional approval to at least three issuers on April 15. The approved ETFs, set to be launched by Chinese asset managers including the