Week 19 Newsletter: Eigenlayer, Blast, Bitcoin and more
TL;DR
Why EigenLayer Gave Away More Tokens After Widespread Criticism of Its Stakedrop
MicroStrategy Unveils the Orange Decentralized Identity Protocol
Block Launches DCA Program to Procure Bitcoin
Snowden Launches Dig at Bitcoin Devs
EigenLayer Launches $EIGEN
Optimism Secures $90M for Further Development of L2s
Tether $4.5B Q1 2024 Home Run
Osmosis Enters Bitcoin L2 Race
Akash Upgrades to Mainnet 11
Zeus Network Announces Solana-Bitcoin Cross-chain
And much more!
NFTs on full Blast
Recent data suggests that over the last 24 hours, Blast NFT collections like PAC REKT, Blastopians, and Plutocrats have collectively generated more volume than the entire Ethereum NFT market across all exchanges.
Now, even though Blast outperformed Ethereum in terms of NFT volume, a significant portion of this volume can be attributed to wash trading. For context, Wash trading in NFTs inflates trading volume by buying and selling between controlled wallets, creating fake popularity, and misleading investors. It undermines the NFT market by distorting prices and reducing real liquidity.
Even though a large part of Blast’s NFT volume can be due to wash trading, the declining interest in Ethereum NFTs does raise concerns about the state of the network. In fact, AMBCrypto’s analysis of Santiment’s data revealed that the number of NFTs being traded has fallen significantly.
Taking a deeper look
NFT collections on other networks such as Bitcoin and Mythos managed to outperform Ethereum NFTs. According to CryptoSlam’s data, popular Ethereum NFT collections such as BAYC and Crypto Punks were not able to get into the top 5 most sold NFTs over the last month. The number of Crypto Punk buyers fell by an alarming 20%, whereas the number of BAYC buyers fell by 2.78%.
If this trend continues, Ethereum may lose its top spot in the NFT sector soon.
Airdrop Alpha: Blast Crypto
What Makes Blast Crypto Airdrop Stand Out
Amidst the chatter about airdrops in the digital realm, Blast Crypto Airdrop emerges as a focal point. It offers more than just complimentary tokens; this airdrop distinguishes itself through distinctive features that elevate the crypto community's engagement.
Key Advantages of Blast Crypto
Exclusivity: Tailored for early adopters, extending an invitation to be part of a groundbreaking initiative from its inception.
Scarcity: Limited availability of airdropped tokens ensures heightened value and demand.
Community-Centric Approach: Emphasizes the importance of active community involvement, rewarding participation and dedication.
Innovative Enhancements for User Engagement
Effortless Claiming Process: Intuitive interface streamlines the token claiming process for users.
Interactive Engagement Platforms: Incorporates social media integration, gamifying community participation.
Robust Security Measures: Implements state-of-the-art protocols to safeguard users' assets and data.
Qualifying for Blast Crypto Airdrop
Prepare to immerse yourself in the Blast Crypto Airdrop—an exclusive opportunity for crypto enthusiasts to acquire complimentary tokens! Familiarize yourself with the eligibility criteria to ensure seamless participation.
Steps to Meet Airdrop Requirements
Set up a digital wallet if you haven't already.
Join the official Blast community on designated social platforms.
Stay updated with project developments and announcements.
Register for the airdrop through the official Blast Crypto website.
Fulfill specified social tasks, which may involve joining Telegram groups or sharing Blast Crypto-related content on social media.
Provide your wallet address accurately to receive the airdropped tokens.
Maximizing Your Rewards
Unlocking the full potential of Blast Crypto Airdrop rewards doesn't have to be elusive. With strategic planning, you can significantly amplify your benefits. Explore the optimal strategies to maximize your gains and synchronize your participation for the ultimate payout.
Feel free to use our referral link for accessing these airdrop rewards.
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