ChainCatcher news, according to data from RootData, the DappRadar token (RADAR) has increased by 89.18% in the last 24 hours, currently priced at $0.0087.Additionally, the Web3 asset data platform RootData shows that DappRadar is a decentralized application store designed to make exploring, tracking, and managing dapps insightful, convenient, and beneficial for everyone. DappRadar provides a single location to discover and manage dapps from different protocols and asset classes - including NFTs, decentralized finance (DeFi), gaming, and more.

ChainCatcher news, cryptocurrency analyst Miles Deutscher revealed on social platform X that data shows that since 2017, the vast majority of cryptocurrency projects that once ranked in the top ten by market capitalization have faded from the mainstream market. The data indicates that, apart from Bitcoin, Ethereum, and Ripple (XRP), most of the popular tokens from 2017 have exited the top ten by market capitalization, such as Litecoin (LTC), Monero (XMR), and Ethereum Classic (ETC). Notably, the USDT stablecoin, which rose to prominence in late 2018, has consistently maintained its market capitalization position.Deutscher pointed out that the cryptocurrency market changes rapidly, and investors need to maintain a flexible investment strategy. He suggested: "Do not become overly attached to a particular investment, but rather focus on emerging trends, as these new projects often bring better returns."

ChainCatcher news, Four Pillars analysts pointed out that the EIGEN token of the restaking protocol EigenLayer has been hovering between $3 and $4 since its listing on October 1, a significant drop from the $13 price in the over-the-counter market earlier this year. Analysis shows that the unclear utility of the token and the selling pressure from airdrops are the main reasons for EIGEN's poor performance.In the white paper released in April 2024, EigenLayer describes EIGEN as a "Universal Intersubjective Work Token," a complex concept that is difficult for ordinary investors to understand. The functions of EIGEN are mainly reflected in three aspects: cross-chain universality, network task execution capability, and the ability to address subjectivity failures. These complex functions are hard to communicate clearly to ordinary investors, affecting the market's perception of EIGEN's value.The selling pressure from airdrops is also an important factor in the decline of EIGEN's price. Of the 185 million EIGEN tokens in circulation, approximately 46% (86 million EIGEN) were distributed through airdrops. This includes tokens allocated to institutional investors and cryptocurrency whales such as Blockchain Capital and Galaxy Digital. Additionally, Justin Sun and GCR reportedly transferred airdropped EIGEN worth approximately $8.75 million and $1.06 million, respectively, to centralized exchanges, exacerbating the selling pressure. The EigenLayer Foundation recently announced that approximately 1.67 million EIGEN were stolen in a hacker attack, further undermining market confidence.

ChainCatcher news, the modular leverage protocol Gearbox announced on platform X that the token GEAR has been fully unlocked, with 100% circulation, of which 39.8% of the supply is held by the DAO, releasing only about 3% annually for various programs and rewards.It is reported that under the reduction of token incentives, TVL increased from $17 million in 2023 to $83 million in 2024. The newly introduced Gauges mechanism in V3 has achieved democratic decision-making for borrowing rates, with over 2.8% of GEAR currently staked. The DAO generated approximately $3 million in revenue in 2024, spending only $486,000 on token incentives.

ChainCatcher news, according to The Block, cryptocurrency custody firm Copper has partnered with Hedera to expand institutional access to the HBAR token. Copper will provide custody and staking services for the HBAR token and offer institutional users a gateway to DeFi through its ClearLoop and Connect platforms. Copper is chaired by former UK Chancellor of the Exchequer Philip Hammond and has over 300 large institutional and crypto exchange clients.

ChainCatcher news, the NEAR Foundation announced that the NEAT protocol has received staking support of 1 million NEAR tokens to expand artificial intelligence applications on NEAR. All NEAR token rewards generated from staking will be redistributed to NEAT holders, with an expected annual yield of approximately 120-200%.The NEAR Foundation's initiative aims to support artificial intelligence and blockchain projects on NEAR and promote a broader integration of artificial intelligence with blockchain technology.

ChainCatcher news, the NEAR Foundation announced today that the NEAT protocol has received 1 million NEAR tokens in staking delegation from the NEAR Foundation.It is reported that NEAT is an aggregation protocol designed to scale AI applications on NEAR, and all NEAR token rewards from the delegation will be redistributed to NEAT stakers.

ChainCatcher news, according to Cointelegraph, the approval of a spot Ethereum ETF by the U.S. Securities and Exchange Commission (SEC) may imply an acknowledgment of Ethereum and other similar tokens as non-securities.Bloomberg ETF analyst James Seyffart emphasized in the Bankless podcast that the approval of these commodity-based trust stocks means the SEC will not regulate Ethereum as a security. Digital asset lawyer Justin Browder further pointed out that if the Ethereum ETF receives S-1 approval, it will officially end the debate over whether ETH is a security. Adam Cochran, a partner at venture capital firm Cinneamhain Ventures, believes this line of thinking can be extended to tokens of other projects.Bloomberg analyst Seyffart noted that although the SEC does not view ETH as a security, staked ETH may be defined as a security and could be subject to SEC scrutiny. Digital asset lawyer Joe Carlasare also supports this view, suggesting that the SEC may continue to investigate individuals and staking services after the ETF launch.

ChainCatcher news, market data shows that the decentralized storage platform Arweave's token AR price has surpassed $15, reaching an 18-month high. The current price is $14.7, with a 24-hour increase of 21.08%, and a market capitalization of $936 million.

ChainCatcher news, Dmail Network announced on the X platform that it will conduct an airdrop in the first quarter of 2024 and clarified the token distribution.

ChainCatcher news, the Polkadot ecosystem smart contract platform Astar Network announced the launch of Astar Tokenomics 2.0, aimed at achieving long-term success and creating sustainable growth through the development of ASTR. The network has already burned 80% of transaction fees, but the team hopes to increase the burn amount through "DApp staking burn." Projects that belong to the dApp staking category will be classified based on their value to the network; the higher the value to the Astar ecosystem, the more support the project will receive from the community.Previously, ChainCatcher reported that Astar Network announced the launch of Astar 2.0, which includes improvements to the token economics, determining the optimal inflation rate, and enhancing transaction fees. It will also introduce Staking 2.0, a customizable SDK called Astar Link, Startale Labs, and establish Astar governance.

ChainCatcher message, Uniswap announced an update to its web application interface, adding more token data, discovery, search, and navigation features. The "Token" page allows users to discover and compare all tokens on the Uniswap web application, including information such as price, price change data, locked amounts, and trading volumes. Additionally, the new page enables users to easily find and navigate tokens within the Uniswap web application. (source link)