State of @VenusProtocol Q3
Key Update: Venus Protocol expands to Ethereum with Prime Boost, introducing isolated lending markets and a new Prime Token system to enhance yield potential.
QoQ Metrics 📊
• Bad debt ⬇️ 83.5%
• XVS Staking ⬆️ 4.29%
• Staked XVS value ⬆️ 52.82%

A new report on Venus Protocol was just published by @MessariCrypto,  covering Q3 2024. Here are the highlights:
• Bad debt was reduced by 83.5% to $879
• TVL steady at $2.19B (6th leader among lending protocols)
• XVS Staking increased by 4.29% to 7.32M
Click the link to

Venus Protocol

Twitter

Pudgy Penguins is an NFT project that has just launched its own Token Issuance with a massive Airdrop to 7 million wallets, with a market cap of $5 billion. Abstract is a Layer 2 project that has just been launched by the parent company of Pudgy Penguins...

Guide to hunting for free Airdrop abstract, Layer 2 of parent company Pudgy Penguins

Here is the English translation:

The BlockBeats will summarize the key industry news content of the past week (12.16-12.22) in this article, and recommend in-depth quality articles to help readers better understand the market and learn about industry trends.

Important news review
The Fed's hawkish rate cut of 25 basis points; the crypto market cools down, with Bitcoin falling below $95,000 multiple times this week
On December 19, the Fed's annual interest rate decision for 2024 was concluded, lowering the benchmark rate by 25 basis points to the range of 4.25%-4.50%, the third consecutive rate cut, in line with expectations. Fed Chair Powell, in his...

Weekly Review | Hawkish remarks by the Federal Reserve led to a sharp correction in cryptocurrencies; Pudgy Penguins issued a "Sunshine" airdrop

On December 4, the Altcoin Season Index hit 88, suggesting that non-Bitcoin cryptocurrencies might perform better than the number one coin. However, the altcoin season chances might have been dealt a ...