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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

Dymension: Home of the RollApps

Dymension introduces a revolutionary concept—RollApps. These modular, application-specific blockchains are set to redefine scalability and efficiency, marking a new paradigm in the blockchain landscape. Dymension's vision encompasses higher throughput, lower latency, and a streamlined deployment process, offering developers unprecedented opportunities for innovation and efficiency. Dymension'

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

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

Introducing Demex Points: Rewarding Activity On Demex

Demex V2 is set to revolutionize perpetual DEX trading in 2024 with unmatched liquidity and scalability. Introducing Demex Points to reward community engagement, join us in advancing decentralized finance.

Introducing The Solana Ecosystem Perp Pool

Demex, is ready to level up your trading experience on popular Solana tokens namely $SOL, $JUP, and $PYTH with our latest addition — the Solana Ecosystem Perp Pool. This groundbreaking pool is intricately linked to support the SOL-PERP, JUP-PERP, and PYTH-PERP markets, presenting an unparalleled opportunity for traders

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