ChainCatcher news, according to the "RootData Q3 2024 Web3 Industry Investment Research Report", the popular TGE projects for Q4 2024 mainly include L1/L2 infrastructure, LRT, and derivative DeFi, followed by the Solana ecosystem, RWA, and DePIN applications.Monad has received the highest funding and support from 8 leading institutions, and is expected to launch on Coinbase, Binance, and OKX, with an estimated selling pressure of 32 to 2 times. Eigen has received the third highest funding and support from 6 leading institutions, with a post-TGE multiple of 43 to 3. Unlike the tokens that launched this year with higher multiples, the selling pressure is moderate, and the valuation makes it difficult for institutions to recover costs during the first unlock. Projects supported by 4 to 5 leading institutions include Farcaster, Berachain, Scroll, Babylon, Morpho, and Movement, among which Scroll, Babylon, and Movement are expected to have higher multiples, all backed by CEX institutions, and are anticipated to achieve good exit liquidity in a favorable market.Q4 popular TGE funding overview:Projects with total funding exceeding $100 million include Monad, Farcaster, EigenLayer, Magic Eden, and Berachain;Projects with total funding between $50 million and $100 million include Babylon, Scroll, Morpho, and Eclipse;Projects with total funding between $10 million and $50 million include XION (Burnt), Movement, Puffer, Walletconnect, and Sophon;Projects with total funding less than $10 million include Roam, Symbiotic, deBridge, and Grass.

ChainCatcher message, DWF Ventures released an analysis of the current LRT (Liquidity Re-staking Token) projects on Solana and stated that it expects to look for more innovative projects in this field in the coming months.

ChainCatcher news, according to official sources, Swell has launched the first Bitcoin LRT swBTC in the Ethereum ecosystem to help Bitcoin holders earn yields from EigenLayer and other restaking protocols Symbiotic and Karak.Users can deposit WBTC to receive swBTC, with earnings expected to start from mid-September. Restaking WBTC can earn 3 times Black Pearl and Symbiotic points.

According to ChainCatcher news, the official website shows that Mellow Protocol has integrated with the OKX Web3 wallet. Users can perform liquidity re-staking on Mellow Protocol through the OKX Web3 wallet. Mellow Protocol is a platform that provides a modular and permissionless infrastructure for liquidity re-staking tokens (LRT) on staking protocols, allowing users to choose suitable LRTs based on their risk preferences. Different risk managers can issue LRTs for different risk levels, thereby providing advantages such as flexibility, transparency, and modularity.It is reported that the OKX Web3 wallet, as an industry-leading one-stop Web3 entry point, now supports over 100+ public chains and offers a unified user experience across app, plugin, and web. The OKX Web3 wallet covers five major areas: wallet, DEX aggregator, DeFi, NFT marketplace, and DApp exploration, and has launched a Bitcoin inscription and rune trading market, aiming to provide users with comprehensive Web3 services.

ChainCatcher news, ether.fi announced on social media that in the coming week, it will distribute 200,000 ETHFI rewards to depositors of the King Karak LRT vault. The event will take place from July 7, 2024, 8:01 to July 15, 2024, 7:59.After the event ends, the ETHFI rewards earned by users will be automatically airdropped to the corresponding wallets within 20 days, without the need to claim and without paying Gas fees.

ChainCatcher message, Ethereum restaking protocol Renzo announced on social media that it has launched the flagship LRT pzETH, in partnership with the restaking protocol Symbiotic and the Uniswap V3 LP automation protocol Mellow Protocol, supporting stETH, wstETH, wETH, and ETH restaking.pzETH provides users with risk-adjusted restaking rewards on SymbioticpzETH combines Symbiotic, Mellow, and ezPointsThe deposit limit for the first phase is 25,000 tokens, and Renzo DeFi integration is coming soon.

ChainCatcher news, Eigen Labs announced on X the acquisition of the liquidity re-staking network Rio Network to accelerate its mission of creating an open and verifiable cloud. The code and intellectual property of Rio Network will be purchased separately by the Eigen Foundation and will serve as a reference implementation within the EigenLayer ecosystem to better support emerging and developing LRTs. The Rio team will soon join Eigen Labs.

According to ChainCatcher news, on-chain analyst Yu Jin monitored that Sun Yuchen spent 11,000 ETH 9 hours ago to purchase 3 types of PT tokens expiring on June 27, worth approximately 41.94 million USD.5,000 ETH bought 5,039.7 PT-weETH;5,000 ETH bought 5,025 PT-pufETH;1,000 ETH bought 1,005.3 PT-rsETH.Currently, Sun Yuchen has spent a total of 44,000 ETH in the last 4 days to buy 3 types of PT tokens expiring on June 27 from Pendle, which will yield approximately 419 ETH (about 1.6 million USD) in coin-based returns after expiration.

ChainCatcher news, according to Ember monitoring, 7 hours ago, Sun Yuchen spent 15,000 ETH (approximately 57.3 million USD) to purchase 2 LRT PT tokens that expire on June 27.Among them:10,000 ETH bought 10,097 PT-weETH (expires on June 27, 1:1 exchange for weETH);5,000 ETH bought 5,031.1 PT-pufETH (expires on June 27, 1:1 exchange for pufETH).

ChainCatcher message, according to on-chain analyst Yu Jin's monitoring, Sun Yuchen used the address 0x7a9 to spend 18,000 ETH (approximately $67.86 million) to buy 3 LRTs that expire on June 27, aiming to earn a fixed income of about 17% to 21% in cryptocurrency. Among them:Used 10,000 ETH to buy 10,111.937 PT-weETH (1:1 exchange for weETH expiring on June 27);Used 5,000 ETH to buy 5,082.9 PT-pufETH (1:1 exchange for pufETH expiring on June 27);Used 3,000 ETH to buy 3,025.9 PT-rsETH (1:1 exchange for rsETH expiring on June 27).After 22 days, approximately 220.7 ETH (about $830,000) can be obtained.

According to official news, Gauntlet has published a blog post about the market risks of LRT (Liquidity Re-staking Tokens) as part of its collaboration with EigenLayer. The article points out that the overall TVL of LRT has significantly increased this year, rising from $300 million in January to over $10 billion in May.The article provides a framework for assessing LRT market risks, focusing on four main risk attributes:External liquidity;Withdrawals and withdrawal queues;LRT volatility;DeFi risks.In the coming days, Gauntlet will launch a dashboard to provide users with data and a UI to apply this framework to their token analysis.

ChainCatcher news, the Manta Network community has initiated a new proposal to release 3 million MANTA to promote the adoption of LRT through the Restaking Paradigm and upcoming initiatives. Voting is now open and will close on April 19 at 15:00.