Venus (XVS) is a decentralized finance platform built on the BNB chain, offering a robust money market protocol for the crypto community. At its core, Venus enables users to deposit various cryptoassets, which can then be borrowed. Venus employs a unique algorithmic approach unlike traditional financial systems, where central entities often set interest rates. The interest rates for borrowing and lending on Venus are dynamically adjusted based on a jump rate model and whitepaper rate model. These models leverage the utilization ratio, which is the proportion of deposited assets that have been borrowed.

Aptos (APT) is a Layer-1 blockchain designed around the core tenets of scalability, safety, reliability, and upgradeability. Aptos was born out of Meta’s Diem and Novi projects, eventually launching in October 2022. Core developer Aptos Labs raised about $400 million in two 2022 private investor rounds.

Polygon Amoy is a testnet that allows developers to deploy, test, and optimize their smart contracts before deploying them on mainnet. This enables them to get their dApp user-ready without having to pay for gas on mainnet. Instead, they can power transactions with free testnet MATIC.

According to Dune data,  there are currently 1,201,167,362 PYTH tokens in the staked state, with a total staked value exceeding $594 million. The number of PYTH stakers has reached 151,211.

According to official data，as of May 9th, Circle has issued approximately $2 billion USDC and redeemed approximately $2 billion USDC in the past 7 days, with a decrease in circulation of approximately $100 million. The total circulation of USDC is $33 billion, with a reserve of $33.1 billion, including approximately $3.3 billion in cash and Circle Reserve Fund holding approximately $29.8 billion.

The third part of our Glassnode Spotlights series, presenting the most interesting and actionable insights from the Coinbase x Glassnode Q2 Guide to Crypto Markets, explores Ethereum's Evolving Ecosystem - Staking, DeFi, and Derivative Markets.

This year, the factors influencing Bitcoin’s price shifted away from the interest rate narrative when spot Bitcoin ETFs were approved in the US in January. Since then, Bitcoin’s prices have re-aligned with market expectations on interest rates, now that ETF flows have diminished. The Federal Reserve is confronted with a challenging dilemma: it needs to control persistent inflation while also supporting a weakening U.S. economy. Over the long term, this predicament could turn out to be advantageous for Bitcoin.

Recent works [BBCA-Chain, Motorway, Cordial-Miners, Shoal, Mysticeti-C, Sailfish] debunk the belief that Block-DAG BFT Consensus protocols have to pay significant latency to achieve throughput scalability. They provide alternative ways for leveraging parallel transaction dissemination.

On May 10th, according to DeFiLlama data, the trading volume of Solana's DEX reached 1.314 billion US dollars yesterday, surpassing the trading volume of 1.297 billion US dollars on Ethereum's DEX.

In Ethereum, resources were up until recently limited, and priced, using a single resource called "gas". Gas is a measure of the amount of "computational effort" needed to process a given transaction or block. Gas merges together multiple types of "effort", most notably: