Arbitrum has gained a significant market share due to the high demand for Ethereum rollups. According to CoinShares, Arbitrum is the top choice for capital flows away from Ethereum, with $4 billion in capital attracted as of May-end. Polygon follows closely with $3 billion, while Optimism and dYdX have attracted $983 million and $342 million, respectively. Despite a recent software bug causing network stress, Arbitrum has surpassed its rival protocols, with over seven million total addresses over time.
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Arbitrum Leads Ethereum Rollup Market with $4 Billion in Capital Flows
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In the past 24 hours, the entire network has liquidated $139 million, and long orders have liquidated $83.5374 million
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$1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire
Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction. -
Tether CEO: 1 billion USDT will be issued on Tron Network, but it has been authorized but not yet issued
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The Hashgraph Association and QFC launch $50 million digital asset venture studio in Qatar
The Hashgraph Association (THA) has announced a strategic partnership with the Qatar Financial Centre (QFC) to establish a $50 million digital asset venture studio called Digital Assets Venture Studio, which will support the development of decentralized finance (DeFi) solutions that comply with regulations and digital assets based on the Hedera distributed ledger technology (DLT) network. They will also invest in Web3 startups and DeFi projects supported by Hedera. -
In the past 24 hours, the entire network has liquidated $159 million, and short positions have liquidated $114 million
According to Coinglass data, there were liquidations of $159 million across the entire network in the past 24 hours, with long positions being liquidated for $44.75 million and short positions being liquidated for $114 million. Bitcoin liquidations were approximately $58.41 million and Ethereum liquidations were approximately $21.29 million. -
Ethereum liquidity re-staking agreement TVL exceeds $10.1 billion, of which Eigenpie TVL exceeds $800 million
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Bitget Wallet launches $10 million ecosystem fund and plans to issue BWB tokens this quarter
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Yesterday, Tether issued $110 million USDT and redeemed $23 million USDT
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In April, Polygon’s on-chain NFT sales exceeded US$50 million, setting the second highest record of the year
According to Cryptoslam data, the NFT sales on Polygon chain in April exceeded 50 million US dollars, reaching 51,539,690.69 US dollars, setting the second highest monthly sales record in 2024, second only to January's sales of 112 million US dollars this year. In addition, the NFT trading volume on Polygon chain in April increased significantly to 1.5 million transactions, with nearly 90,000 independent sellers and over 33,000 independent buyers.
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