Golden Web 3.0 Daily | Trump is willing to let Musk join the cabinet

DeFi Data

1. Total Market Cap of DeFi Tokens: USD 73.21 Billion

Decentralized Finance total Market Cap data source: coingecko

2. In the past 24 hours, the volume of Decentralizationexchange is $3.589 billion

The volume of Decentralizationexchange in the past 24 hours is from: coingecko

3. Locked assets in Decentralized Finance: $87.157 billion

Top 10 rankings and lock-up volume of Decentralized Finance projects, data source: defillama

Non-fungible Token Data

1. Non-fungible Token total Market Cap: $268.59 billion

Non-fungible Token total Market Cap, Market Cap top ten projects Data source: Coinmarketcap

24-hour NFT trading volume: $1.99 billion

Non-fungible Token total Market Cap, Market Cap top ten projects Data source: Coinmarketcap

Top Non-fungible Token within 24 hours

Top ten Non-fungible Token sales growth within 24 hours Source: Non-fungible TokenGO

Headlines

Trump: Willing to let Musk join the Cabinet

Golden Finance reported that former U.S. President Trump expressed his hope that Tesla CEO Elon Musk could join the cabinet, but Musk is busy with business affairs (unable to join).

DeFi Hot Topics

1. The bankruptcy administrator of Celsius has distributed more than 25.3 billion US dollars to creditors.

Jinse Finance reported that the bankruptcy trustee of Celsius stated in its first payment status report that it had distributed over $2.53 billion to approximately 251,000 creditors. These payments were made in liquid cryptocurrency and cash at prices as of January 16. The trustee indicated in court documents filed on Monday that they covered about two-thirds of the eligible creditors for the cryptocurrency credit, representing approximately 93% of the eligible value. Another 121,000 eligible creditors have an average distribution of about $1,500, but have not successfully claimed the distribution. The document states: ‘The allocation of about 64,000 of the remaining creditors is less than $100, and about 41,000 of the allocation is between $100 and $1,000.’ ‘Given that many creditors are dealing with small amounts, they may not have the motivation to take the necessary steps to successfully claim the allocation.’

2. Orderly Network: EVM system upgrade has been completed

Golden Finance reported that Orderly Network has confirmed in a post on X platform that the planned EVM system upgrade has been completed, with expected performance enhancements, and users can resume transactions.

3.AO test network users exceed 200,000, with a message transmission volume of nearly 500 million

Jinse Caijing reported that AO, a scalable blockchain network based on Arweave, announced that as of August 27, 2024, the number of AO testnet users has exceeded 200,000, and the total amount of messages sent is close to 500 million.

4. Vitalik: The security of Ethereum L1 is increasing, and L2 is willing to work together to improve interoperability

Golden Finance reported that Vitalik Buterin, the founder of Ethereum, tweeted that the stability of Ethereum’s L1 is improving, and there is a strong willingness for cooperation among L2 projects to improve the overall interoperability of the ecosystem. Vitalik stated that in the past year, concerns about censorship and centralization have not materialized, but the situation has improved instead. He pointed out that the claim that ‘PoW is the gold standard of assets’ is being proven wrong, and the proportion of blocks reviewing transactions is continuously decreasing. The block construction part (‘the Scourge’) in the roadmap has also begun to show some light, with discussions mainly focused on FOCIL+APS and BRAID. Vitalik emphasized that for DeFi, the primary task is to ensure that users do not encounter -100% of the Annual Percentage Rate. He believes that the robustness of L1 (including anti-censorship capabilities) and the success of Smart Contract Wallet are beneficial for this.

5.Terra: Proposal 4818 will be the final chain upgrade to be implemented, and future upgrades will be community-driven

Golden Finance reported that Terra has indicated that with Terraform Labs (TFL) beginning to gradually cease operations, Proposal 4818 will become their final chain upgrade. According to the settlement protocol reached between TFL and the Securities and Exchange Commission (SEC) of the United States, as well as the implementation of the proposed Chapter 11 bankruptcy plan, TFL will no longer have the ability to support future chain upgrades. Terra stated that in the future, it will seek community-driven initiatives, such as the Phoenix Directive, to take over the maintenance and operational responsibilities of the Terra blockchain.

6. Aave proposes to deploy a new version of the GHO stable module, supporting BlackRock BUIDL integration

Golden Finance reported that Aave Labs proposes to build and deploy a new version of the GHO Stability Module (GSM) to support reserve allocation and management functions, enabling third-party integration, especially integration with BlackRock BUIDL infrastructure. The proposal aims to improve the capital efficiency of GSM while maintaining high standards with USDC as the GHO endorsement. The new GSM will support a 1:1 fixed ratio exchange between USDC and GHO, and utilize USDC surplus to mint BUIDL Tokens. It is reported that BUIDL is a product deployed by BlackRock on the Ethereum network, providing instant liquidity to on-chain participants, with a current circulation of over $500 million.