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LABS

LABS Group  

#LABS

LABS Price:
$0.000350
Volume:
$153.4 K
All Time High:
$0.15
Market Cap:
$3.5 M


Circulating Supply:
10,000,000,000
Exchanges:
4+
Total Supply:
10,000,000,000
Markets:
5
Max Supply:
10,000,000,000
Pairs:
8



  LABS PRICE


The price of #LABS today is $0.000350 USD.

The lowest LABS price for this period was $0, the highest was $0.000350, and the exact current price of one LABS crypto coin is $0.00035018.

The all-time high LABS coin price was $0.15.

Use our custom price calculator to see the hypothetical price of LABS with market cap of BTC or other crypto coins.


  LABS OVERVIEW


The code for LABS Group crypto currency is #LABS.

LABS Group is 3.3 years old.


  LABS MARKET CAP


The current market capitalization for LABS Group is $3,501,817.

LABS Group is ranking downwards to #774, by market cap (and other factors).


  LABS VOLUME


The trading volume is medium today for #LABS.

Today's 24-hour trading volume across all exchanges for LABS Group is $153,371.


  LABS SUPPLY


The circulating supply of LABS is 10,000,000,000 coins, which is 100% of the maximum coin supply.


  LABS BLOCKCHAIN


LABS is a token on the Binance Smart Chain blockchain.


  LABS EXCHANGES


LABS is available on several crypto currency exchanges.

View #LABS trading pairs and crypto exchanges that currently support #LABS purchase.


  LABS RESOURCES


Websitelabsgroup.io
Twitterlabsgroupio
Redditr/LabsGroupio
Telegramlabsgroupio
DiscordbTvJMn3uE3
Mediumlabsgroupio
Instagramlabsgroupio


  LABS DEVELOPER NEWS



Staynex™ Partners with Huawei to Enhance Web3 Initiatives for the Travel and Hospitality Industry

Staynex as Huawei’s Official Ecosystems Partner Singapore, July 28, 2023 — Global vacation club platform, Staynex™, has announced a partnership with tech giant, Huawei, to leverage Web3 technologies and enhance the travel and hospitality industry. This partnership will potentially offer users a more comprehensive travel experience with increased convenience and variety using advanced AI tools. The firm will provide travellers with a wider range of hotels and itinerary options to suit their preferences, lifestyles, and budgets. This significant development reinforces Staynex’s™ dedication to creating superior travel solutions for a wide-ranging audience. “We anticipate that our partnership with Huawei will facilitate the creation of more solutions for the travel and hospitality industry,” states Bernard Lau, Founder and CEO of Staynex™. “We are keen to explore the numerous opportunities and aim to empower global travellers.” “We are delighted to partner with Staynex™ to augment its platform with our cutting-edge technological tools, while also allowing us to improve our range of corporate services,” shares Rex Lei, Managing Director of Huawei Cloud Singapore. “ With our expertise in cloud technology, we currently support companies across numerous industries. We are confident that this partnership will enable us to develop more efficient and advanced information and communication technology (ICT) ...




AMA Recap: LABS Group CEO Bernard Lau’s Vision for Tokenizing Real Estate

On a recent Ask-Me-Anything (AMA) session on Telegram, Bernard Lau, the CEO of LABS Group, addressed community questions and laid out his vision for the future of tokenizing real estate. The session was filled with interesting insights, revealing updates, and a clear view of the path ahead. Here are some of the highlights. — LABS Update - LABS Group began with a vision to democratize and tokenize real estate. Bernard explained that the initial business model, which involved heavy capital expenditure to purchase real estate, was not scalable. Furthermore, different regulations and jurisdictions in different countries presented additional obstacles. Despite these hurdles, LABS successfully launched their pilot project, Kunang Kunang Tent Resort, in April 2022. While the hotel had a rocky start due to the lingering impacts of COVID, the project eventually achieved a yield of about 10% for the RED FUND investors who hold 15% of the profit share rights. Bernard assured that LABS is not neglecting real estate. To further engage the community, an NFT will be introduced, granting holders rewards from the properties managed by LABS Group. — The Success Story of Kunang Kunang - While real estate projects take time to come to fruition, Kunang Kunang stands as a testament to LABS’s achievement in real estate. To further the success, Bernard revealed plans to share the rest of the resort with the LABS community by introduc...




Helping the Real Estate & Hospitality Industry Catch Up

The web3 industry is a rapidly growing sector that is revolutionising the way we interact with the internet. So why hasn’t the real estate and hospitality industry caught up? Fraught with decade-old processes Web3 may not be a new technology anymore, but the concept is still relatively new to an industry that’s highly regulated. It has many laws and regulations governing how properties can be bought and sold, and in order to integrate technologies like blockchain and smart contracts, regulators need time to catch up and develop a framework for real estate transactions. Resistance is likely a factor too. Established players in the industry are comfortable with the current way of doing things, and are likely hesitant to adopt new technologies that could disrupt their business models. But the pros severely outweighs the cons — web3 creates a more open, secure, and transparent internet that is accessible to everyone, regardless of their location, wealth, or technical knowledge. Web3 is revolutionising the industry Here are just a few examples of how web3 is changing the real estate and hospitality game: Property ownership and transfer: Web3 technology allows for the creation of digital assets that can be bought, sold, and transferred on the blockchain. This means that real estate properties can be represented as tokens on a blockchain, making it easier, faster, and more secure to buy and sell properties., Fractional o...




Partnership Announcement: Morpheus Labs

We’re thrilled to announce our exciting new partnership with Morpheus Labs! Morpheus Labs is a leading provider of blockchain development solutions, with a proven track record of delivering high-quality products and services. By partnering with Morpheus Labs, we will have access to their cutting-edge technology, expertise, and network, which will enable us to enhance our offerings and expand our reach in the marketplace. Together, we will work to develop and implement new solutions that meet the evolving needs of our customers and address the challenges of our industry. We are excited about the opportunities this partnership will create and look forward to building a strong and successful relationship with the team at Morpheus Labs. As part of this transformation, Morpheus Labs is playing a key role in both the advisory and developmental processes. With their support, we’re taking the hotel industry to new heights, bringing Web3 technology to the forefront and paving the way for a more exciting and efficient future. Morpheus Labs will be using SEED (Solution Environment For Enterprise Development) CDE (Collaborative Development Environment) features to build web3 solutions in a safe and secure environment, streamlining the development process and enhancing the work efficiency of our team, who are working at different time zones. The ML SEED App Library provides users with templated solutions that are ready-to-deploy smar...




$LABS Token Holders: Airdrop Delayed for Final System Audit

We have an important update regarding the much-awaited airdrop. We regret to inform you that there will be a slight delay in the distribution of the airdrop due to some necessary steps we are taking to ensure that all processes are conducted in a secure manner. We have completed the snapshot, and our team is currently working diligently to conduct a comprehensive audit of our systems. The audit report will be released tomorrow alongside the new contract address. We believe that this extra step will give you peace of mind and guarantee that everything is safe and secure. Once we have concluded our audit and are confident that our systems are secure, we will begin the airdrop tomorrow and it will take 1–2 days to complete. We understand that this delay may cause some inconvenience, but we hope you understand that this is necessary to ensure the integrity of our platform. We would also like to take this opportunity to thank you for your continued support and confidence in the $LABS token. We believe that these necessary measures we are taking will only strengthen our platform and increase the value of our token over time. We appreciate your patience and understanding during this time. We remain committed to providing our community with the best possible service and experience, and we look forward to sharing the results of our audit with you.




Update: Token Airdrop

We have an important announcement to make about the $LABS airdrop. Unfortunately, we will have to postpone the airdrop originally scheduled for day, March 12th, due to it not being a working day today. But don’t worry, we have a new plan in place to ensure a fair and inclusive distribution for all. The final snapshot will be taken on 10PM GMT+8 on the 13th of March, and the airdrop will commence immediately after. During this period, you can continue trading $LABS on CEX, but DEX trading would not be advisable. We know that delays are never ideal, but we believe that this decision aligns with our principles of fairness and inclusivity. We appreciate your patience and support as we work to build a strong and vibrant Web3 community together. Thank you for being a part of this exciting journey, and stay tuned for more updates soon!




Token Swap & Important Updates.

We would like to inform you that we have recently identified a security issue with one of the vaults that we utilize. As a precautionary measure, we have decided to temporarily halt trading on our platform until the situation is resolved. We can confirm that there were some unauthorized movements of tokens, but we want to reassure you that our team has taken swift and decisive action to contain the situation. We can confidently say that everything is under control now. As a responsible platform, we take the security of our users’ assets extremely seriously, and we are doing everything in our power to safeguard against any future incidents. We would also like to take this opportunity to clarify the actual circulating supply of our $LABS token. We are consolidating our tokens into one chain to make it more clear and transparent to our users. Additionally, we would like to advise that we will be changing to a new BSC contract address for the LABS token. This decision has been made for two reasons: A digital vault that we were using is currently in the liquidation process, and unfortunately, we are unable to retrieve the tokens that were meant to be vaulted., To provide greater transparency to our community by showing the actual circulating supply of LABS tokens., We would like to inform all LABS token holders to take note of the following: Exchanges will suspend deposit and withdrawal functions until 12th March, 8 PM GMT+...




LabsxArsenal: New partnership, endless possibilities

Victory through harmony; travel globally through endless possibilities Staynex is Arsenal FC’s official hotel and resort membership NFT partner — creating the next generation of vacation clubs. Through this partnership, we’re not only revolutionizing real estate through blockchain, but we’re also combining the industry with global names. In the words of Bernard Lau, the CEO of LABS Group: “This [partnership] will accelerate our vision… in a way that has not been done before. We look forward to sharing with this our family of 100 million fans worldwide.” This partnership is truly one-of-a-kind — it’s rare to see different industries cross paths in this particular way. But for us, the partnership has been a long-time coming. The hospitality industry needs a new way of operating, and travelers (including supporters of football clubs like Arsenal) need a new form of vacation ownership. In our previous announcement of why we rebranded Labs Club to Staynex, we shared the company’s core goal: to tokenize ‘stays’ into NFTs. This way, travelers are not only able to own global stays, but they also get better deals with more utility and value. Additionally, they get to buy, sell and swap holidays freely and on-the-go — no questions asked, no glass ceilings. As Arsenal’s official hotel and resort membership NFT partner, this means a wide range of endless possibilities for different parties. A Step i...




Arsenal and LABS Group Announce New Partnership

We are announcing a new partnership today which sees LABS Group become our official Hotel and Resort Membership Partner in Asia and Europe. LABS Group will focus on the hospitality industry, allowing hotels and resorts to create and customise timeshare programmes through their new digital marketplace, Staynex, which will launch early next year. Rooms from a network of resorts and hotels around the world will be available at discount prices for a set period, over a number of years, through the new system. Customers will be able to purchase a residence pass for partner hotels, in the form of an NFT (Non-Fungible Token), that gives them access to the accommodation for the specified time period at a reduced rate. Bernard Lau, CEO of LABS Group, said: “Partnering with Arsenal is not only an honour, but it’s also a dream come true to be associated with such a successful and historical football club. This will accelerate our vision of combining the hospitality industry with global brands, in a way that has not been done before.” Juliet Slot, Chief Commercial Officer at Arsenal said: “We’re delighted to welcome LABS Group to the Arsenal family as they prepare to launch this new product in the New Year. Our reach around the world is going to be an important part of them growing this new business.” Disclaimer: LABS Hotel Membership NFTs (‘Residence Passes’) are a form of cryptoasset. Please note that (a) the value ...




From LABS Club to Staynex: New name, same mission

When we first introduced Labs Club, the mission was simple: to revolutionise the traditional real estate and hospitality industry with blockchain, NFT, and Web3. That mission is still the same. What changed, however, is that as we were working on our idea, our brand looked less and less like who we are — and it no longer serves the vision we initially had. Additionally, the industry we’re in changes fast, and as we continued to work on our mission, we realised certain adjustments were necessary. Focusing on Travel Even amidst the Covid-19 pandemic, we always believed that travel will remain a huge part of everybody’s lives. The number of digital nomads are increasing, and travelling and living abroad has become the norm. But the way the industry works has largely stayed archaic. Hotel rewards still come in the old-fashioned way of discounts and cashbacks — and visitors can’t choose how they want to spend it. Travellers have to choose between their favourite countries, because not everyone can afford to buy properties in different places. As we’re building out the LABS Club platform, we keep asking ourselves: how do we create a product that gives the users… Stability of real estate operations and yield income, The flexibility of having a “home” in every country, The ability to purchase the “time” you need at the property, The freedom to choose how to spend a reward, More benefits as and wh...




  LABS NEWS


Iggy Azalea MOTHER Coin Surges 58% On DWF Labs Collaboration Announcemen...

    The famous token inspired by Australian singer Iggy Azalea, the Mother Iggy (MOTHER) token on the Solana (SOL) blockchain, experienced a significant surge of 58% on Thursday, emerging as the top performer in the market, as the meme coin announced a new collaboration with Web3 investor and market maker DWF Labs.  Iggy Azalea Collaboration With DWF Labs  DWF Labs, through a series of posts on social media platform X (formerly Twitter), announced its strategic partnership with now crypto investor Iggy Azalea, as the company recently signaled a new chapter for the company, focusing on 'next generation' liquidity partnerships to support crypto projects.  In response to the collaboration, Iggy Azalea revealed that she had loaned her entire MOTHER token holdings to DWF Labs and Wintermute, an algorithmic trading firm specializing in digital assets.  By entrusting her holdings to these market makers, Azalea expressed confidence in their expertise and ability to increase the token's stability and finance. One user on social media emphasized the significance of this move, highlighting that the founder tokens are now locked, ensuring the token's “unruggable” nature. However, no further details on the collaboration were provided by either party, leaving questions as to how the partnership will potentially boost MOTHER's price or its stability in the coming months.  MOTHER Price Analysis This latest partnership adds to Iggy Azalea's growing involveme... read More



Usual Labs Announces Public Pre-Launch Phase After Securing $75M in TVL ...

    [PRESS RELEASE - Paris, France, July 10th, 2024] The pioneering company behind Usual, Usual Labs, an innovative protocol bridging traditional and decentralized finance (DeFi) through its first USD0 stablecoin, is thrilled to announce the commencement of its public pre-launch phase. This milestone follows a fruitful private launch, during which Usual Labs secured an impressive $75 million in Total Value Locked (TVL) commitments from over 180 prominent DeFi leaders and investors within a month. USUAL stands as a secure, transparent, and decentralized Tether, redistributing ownership and value through the USUAL token. As a Real World Assets (RWA) infrastructure, it aggregates RWA and bridges it with DeFi liquidity, ensuring RWA composability and integration within DeFi. USUAL's design guarantees safety, transparency, and verifiability, offering infinite scalability. Serving as an alternative to fiat-backed systems, USUAL redistributes value and ownership to the community, which owns the infrastructure, including Tether/Circle. The USD0 stablecoin is set to challenge industry giants and establish itself as the leading DeFi-native stablecoin, offering users a secure, community-owned alternative to traditional financial systems. The successful private launch and the substantial TVL commitments from leaders in the web3 space, including Sam Kazemanian from Frax Finance, James Ross from Mode, Michael Egorov from Curve, and many others, demonstrate the industry’s growing confiden... read More



Ripple Labs Launches NFT Capabilities on XRP Ledger Amid Ongoing Market ...

    Article XRP Ledger Ventures into NFTs Ripple Labs made a significant move in October 2022 by introducing the XLS-20 proposal, which enables the creation of Non-Fungible Tokens (NFTs) on the XRP Ledger without requiring smart contracts. This development marks a critical enhancement, providing users with new functionalities and expanding the ecosystem of the XRP Ledger to appeal to more diverse use cases. By facilitating NFTs on the XRP Ledger, Ripple aims to attract a broader audience and foster greater utility for its blockchain technology. This innovation could serve as a cornerstone for XRP, aligning it with the rising interest in NFTs while aiming to sustain and grow its user base. As traditional financial markets observe this trend, the interplay between cryptocurrencies and emerging sectors, such as digital collectibles, continues to gain momentum, potentially impacting market dynamics. XRP's Market Performance and Competition As of June 30, 2024, XRP has experienced a modest increase of about 39% since the start of 2023. However, this year has been somewhat challenging, with a decline of 24%. Despite these fluctuations, XRP remains focused on its primary use case: facilitating rapid and cost-effective transactions, particularly for remittances to low- and middle-income countries. Should XRP achieve widespread adoption in these areas, it could see notable growth, driven by its potential to streamline and reduce the costs associated with cross-border payments. However, ... read More



Unlocking Web3 Success: A Deep Dive into ChainGPT Labs

    Web3 startups, take note: ChainGPT Labs is here to switch-up the game. This venture capital and incubation powerhouse is offering the kind of support that dreams are made of. With a hands-on approach that covers every aspect of a project’s journey, ChainGPT Labs is setting new benchmarks for success in the Web3 world. The Powerhouse of Funding and Investment ChainGPT Labs isn’t just another venture capital firm. With investments ranging from $100k to $400k and additional lines of credit, they’re ready to fuel the next big thing in Web3 AI. But it’s not just about the money. ChainGPT Labs goes the extra mile with strategic guidance and marketing support that few can match. All-Inclusive Incubation and Acceleration Program ChainGPT Labs offers a 12-24 month program that leaves no stone unturned. From developing tokenomics to handling branding, PR, and marketing, their comprehensive support is unmatched. They manage fundraising activities, guide social media growth, assist with exchange listings, and provide market making and treasury management. Continuous advisory from the core team ensures projects have the support they need every step of the way. Strategic Brilliance and Marketing Mastery Weekly strategy sessions with the ChainGPT Labs team ensure projects are always on the right path. From tokenomics to market strategies and exchange listings, their expertise is a game changer. And when it comes to marketing, they pull out all the stops. Social medi... read More



Hermetic Labs Launches Blockchain Consulting Services

    [PRESS RELEASE - Dubai, UAE, June 24th, 2024] Hermetic Labs, a consulting firm specializing in blockchain technology, announced its official launch under the leadership of Milana Valmont. The firm aims to assist individuals and organizations in navigating the complexities of the crypto space through education and tailored advisory services. Hermetic Labs will focus on delivering comprehensive consulting solutions by providing clients with the knowledge and tools necessary to understand and leverage blockchain technology. Offering consulting services to diverse clientele, the firm guides individual investors looking to enhance their investment strategies and businesses exploring blockchain for operational improvements or launching crypto initiatives. 'At Hermetic Labs, we are committed to bridging the gap between individuals and cutting-edge blockchain technology,' said Milana Valmont, Founder and CEO of Hermetic Labs. 'Understanding that education is key to unlocking the transformative power of blockchain and increasing adoption, our services are designed to provide clients with the knowledge and tools they need to navigate and succeed in this rapidly evolving landscape.' Hermetic Labs is assisting in setting up trusts and entities for diversifying investments into crypto, along with providing insights into DeFi and blockchain fundamentals. Customized support programs ranging from one to six months assist clients in creating and managing crypto portfolios, while targeted cons... read More



US Court Filings Expose Montenegro's Prime Minister's Stake In Failed Te...

    A recent Bloomberg report has revealed that Montenegro's Prime Minister, Milojko Spajic, personally invested in Terraform Labs years before the company's collapse. The discovery has raised concerns regarding the founder's choice to flee prosecution by seeking refuge in the same nation.  The founder of Terraform Labs, Do Kwon, was detained in Montenegro in March 2023 and is currently facing extradition demands from the US and South Korea.  Opposition Calls For Resignation According to Bloomberg, Milojko Spajic has claimed that the investment was made by Singapore-based company Das Capital SG, in which he was a partner. However, the independent Montenegrin newspaper Vijesti, which broke the news, reported that the holdings grew to nearly $90 million at one point.  Spajic's LinkedIn profile shows that he worked as a credit analyst and investor in Singapore from 2014 to 2020 before returning to Montenegro to serve as finance minister in late 2020.  The revelations surrounding the prime minister's investment have emerged at a critical time for Montenegro, where Spajic has led a “fragile” ruling coalition since October.  As a NATO member and European Union candidate country, the controversy surrounding the prime minister's involvement in a collapsed crypto firm has increased pressure from the opposition, who now demand Spajic's resignation. Terraform Labs Lawsuit Exposes Prime Minister's Investment The prime minister's investment details came t... read More



Aptos Labs Announces Partnership with NBCU to Transform Fan Experiences ...

    [PRESS RELEASE - Palo Alto, United States, June 20th, 2024] Multi-year agreement combines Aptos’ blockchain technology and Web3 onboarding guidance provided by Aptos Labs with NBCUniversal’s globally recognized media and entertainment brands. Aptos Labs today announced a long-term strategic development agreement with NBCUniversal aimed at revolutionizing fan experiences, loyalty and gaming through blockchain technology and Web3. The agreement will explore integrating accessible blockchain technology and Web3 with NBCUniversal’s properties, connecting fandoms to the content that they love.  “We aim to deliver world-class, internet-grade blockchain products and solutions to the market,” said Mo Shaikh, co-founder & CEO of Aptos Labs. “We look forward to working with NBCUniversal and leveraging the Aptos blockchain to explore deepening fan relationships and delivering unique entertainment experiences.” 'Today's media and entertainment landscape is rapidly changing, with fan experiences and preferences driving a lot more of those shifts than in previous eras,' said Greg Reed, Vice President of Technology Partnerships at Universal Pictures. 'Our multi-year partnership with Aptos Labs will help us deepen our fan relationships so we can create and deliver more of the media and entertainment experiences our audiences crave.” Aptos will expand on NBCUniversal's previous initiatives that cultivated fan engagement using Web3 and ... read More



SKALE Labs to Join Unity's Exclusive Publisher Support Program

    [PRESS RELEASE - San Francisco, California, June 18th, 2024] Developers on SKALE Can Now Leverage Unity’s World-Class Services for Premier Web3 Game Development Today, SKALE Labs, the gas-less EVM-compatible blockchain designed for secure Ethereum scaling, has announced they have joined Unity’s publisher support program. Unity is the world’s leading platform of tools for creators to build and grow real-time games, apps, and experiences across multiple platforms. The program will empower gaming developers with enhanced support services, enabling them to leverage Unity’s game development platform to the fullest extent while unleashing the full power of web3 gaming on SKALE’s gas-less blockchain architecture. “The games and development that have come out of Unity over the years are second to none, and we’re thrilled to be the first blockchain partner to participate in the Publisher Support Program,” said Jack O’Holleran, Co-Founder and CEO of SKALE Labs. “We believe our developers deserve the best, and Unity gives our ecosystem access to unmatched gaming resources. With this collaboration, SKALE Labs asserts its dedication to gaming and gamers.” With 1.2M monthly active users on its platform, Unity has defined the standard of gaming development. The Publisher Support Program provides unparalleled support to SKALE developers which includes: Deploying success plans to development studios with dedicated pr... read More



BNB Chain and Binance Labs Collaborate With Top VCs To Launch BNB Incuba...

    [PRESS RELEASE - Dubai, UAE, June 13th, 2024] BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, and Binance Labs, the venture capital and incubation arm of Binance, today announced the launch of BNB Incubation Alliance (BIA). With the ethos of “building together to fast-track your Web3 journey,” the BNB Incubation Alliance is an alliance aimed at fostering early-stage blockchain projects through a series of global events, co-hosted with industry Venture Capitalists, Incubators, and developer communities. Designed to fast-track the Web3 journey for emerging blockchain projects, BNB Incubation Alliance provides a coveted opportunity for participating projects to secure direct admission to the BNB Chain Most Valuable Builder (MVB) program, receive BNB Chain grants, and Binance Labs investment opportunities. Additionally, it gives participants access to the Launch-as-a-Service (LaaS) package. Covering infrastructure, security, and treasury management to business growth and marketing, LaaS, in collaboration with BNB Chain ecosystem partners, aims to accelerate project success through a range of benefits including free services worth up to US$300,000. The BNB Incubation Alliance’s operation is simple yet strategic—collaborating with partners to host globally held events that identify promising projects to incubate. Focused on early-stage projects selected by partners, these events wil... read More



Terraform Labs Agrees To Pay $4.47 Billion Fine With SEC

    Terraform Labs has reached a settlement in its lawsuit with the Securities and Exchange Commission (SEC), with the defunct crypto firm agreeing to pay a $4.47 billion fine for its fraudulent activity related to the defunct Terra blockchain. In a Wednesday letter to US District Judge Jed Rakoff, the SEC asked for approval of its “proposed final consent judgement” concerning Terraform and its famous co-founder, Do Kwon. The agency claimed that the seismic penalty addresses the “magnitude of this fraud” while allowing for “meaningful and speedy recovery” of the billions of dollars lost by the network’s investors. 'To settle this action, Terraform agrees to provide the SEC with all the relief it sought from the Court,” the letter stated. That includes $3.6 billion in disgorgement, $466 million in prejudgment interest, and a $420 million civil penalty – nearly matching what the SEC had requested in April. Kwon himself has agreed to pay nearly all penalties the SEC requested, including $204 million in monetary relief that will go entirely to the Terraform Labs bankruptcy estate to aid harmed investors. The SEC charged Terraform and Kwon with securities fraud in 2023 related to the fallen Terra blockchain, whose unstable design resulted in a spectacular $44 billion blowup across its LUNA and UST tokens. In early April, a jury found Terraform and Kwon guilty of misleading investors and of deliberate fraud. “The entry of th... read More



Binance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer ...

    [PRESS RELEASE - George Town, Grand Cayman, June 11th, 2024] Binance Labs, the venture capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. Zircuit is a new Layer 2 (L2) network that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors. The network’s hybrid architecture, which combines battle-tested rollup infrastructure with zero-knowledge proofs, results in a fast, low-cost, and fully EVM-compatible ZK rollup to provide unparalleled security for users without sacrificing speed or compatibility. More specifically, Zircuit’s performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lower operating costs. Yi He, Co-Founder of Binance and Head of Binance Labs said: 'At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.” As Zircuit prepares to debut its mainnet this summer, its ecosystem is already demonstrating impressive growth. The network presently hosts over $3.5 billion in staked assets and its “Build to Earn” program has drawn more ... read More



Jellybean™ to Transform Phygital Landscape with Aptos Labs Investm...

    [PRESS RELEASE - San Francisco, California, June 10th, 2024]Jellybean, a pioneering company in the phygital space, has received an investment from Aptos Labs, further solidifying their partnership aiming to bridge the physical-digital divide. This strategic investment underscores the potential of Jellybean to standardize how brands engage with consumers across an increasing spectrum of products — from fan-fueled collectibles to luxury goods. Jellybean is set to compete with the likes of IYK, leveraging its innovative technology to create a new standard in digital standardization. Jellybean seamlessly integrates a digital layer onto physical products, ensuring foolproof authentication and enabling enhanced interactive and exclusive multimedia brand experiences. A simple tap or scan of a Jellybean-enabled product unlocks a world of immersive digital content and engagement opportunities, creating deeper connections between brands and their audiences. Jellybean launched its Phygital Protocol with DJ deadmau5’s limited-edition toy line, featuring phygital products on the Aptos blockchain. This launch showcased the unique capabilities of Jellybean technology and marked the beginning of a committed partnership, with Jellybean designating Aptos as the preferred chain for all future drops. “We revolutionize how brands interact with their customers - transforming every product into a bridge for deeper customer connections,” said Bart Lipski, CBDO of Jellybean. '... read More



Haven1 and Stader Labs Partner to Bring Liquid Staking to the Safe Haven...

    [PRESS RELEASE - Zug, Switzerland, June 4th, 2024] New liquid staking token hsETH unlocks greater rewards on Haven1 Haven1, the REKT-resistant EVM Layer 1 blockchain, is thrilled to announce its strategic partnership with Stader Labs, a leading provider of liquid staking solutions, to introduce hsETH, a new liquid staking token that aims to maximize rewards and participation in the Ethereum ecosystem. This collaboration will provide access to a range of Web3 opportunities within Haven1's secure ecosystem. Leveraging Stader Labs' multi-pool architecture, hsETH offers another way to engage with Ethereum staking without sacrificing liquidity, making it an option for those seeking to optimize their on-chain yield. Jeff Owens, CEO & Co-Founder of Haven1, says: 'Our partnership with Stader Labs allows us to leverage their expertise in liquid staking to offer our users a seamless and rewarding staking experience — with early contributors and stakers earning added airdrop rewards. hsETH is a real game-changer for Haven1, and the introduction highlights that, even as an L1, Haven1 is complementary to Ethereum.” By staking ETH to obtain hsETH, users gain access to native ETH staking rewards and additional Haven1 ($H1 token) airdrop rewards accessible on the Haven1 ecosystem. hsETH will receive robust support on Haven1, empowering users to augment their earnings with additional yield and rewards via on-chain products once Haven1 launches on mainnet. 'We are thrilled to partn... read More



Matter Labs Abandons 'ZK' Trademark Following Community Outcry

    Matter Labs, the developer behind the ZkSync Ethereum Layer 2 network, has decided to abandon its efforts to trademark the term 'ZK.' In an update on June 3rd, Matter Labs said its decision to abandon its efforts to trademark the term 'ZK' stems from the reasoning that it is 'impossible to agree on a group of people perceived as credibly neutral by nearly everyone.' Matter Labs Drops 'ZK' Trademark Effort Matter Labs had previously filed to trademark the term zero-knowledge (ZK) in nine countries, subsequently clashing with Polyhedra Network over using ZK as a ticker symbol. This resulted in a week-long dispute with Polyhedra Network condemning Matter Labs' actions and accusing them of bullying and undermining the principles of Web3. Soon after this, several industry players backed Polyhedra and argued that such a move by Matter Labs would privatize a public resource. As backlash intensified, Matter Labs dropped its trademark plans and explained, in an official statement, that what might work within the Ethereum ecosystem wouldn't necessarily be applicable or effective on a global scale, given the diversity of perspectives, interests, and stakeholders involved. 'We're proud to be a part of a movement that cares so deeply about cypherpunk values. And we are incredibly grateful to the zksync community in particular for the thousands of messages of support we received, once again affirming that community is everything. ZK summer is imminent.' Opposition Prominent key figures fro... read More



Milady Meme Coin Secures US$5 Million Investment from DWF Labs

    [PRESS RELEASE - Seychelles, Seychelles, June 3rd, 2024] Milady Meme Coin ($LADYS) has announced a significant US$5 million investment from DWF Labs. This investment marks a pivotal moment for $LADYS, positioning it for accelerated growth and innovation within the cryptocurrency landscape. A New Era for Milady Meme Coin With the infusion of capital from DWF Labs, $LADYS is poised to lead the next wave of innovation in the meme coins space. The collaboration between Milady Meme Coin and DWF Labs is expected to unlock new avenues for development, collaboration, and community engagement within the $LADYS and meme ecosystem. Value-added Investment Partnership from DWF Labs DWF Labs as a Web3 investor and market maker, brings a wealth of experience and resources to the table. Aside from capital, DWF Labs' strategic guidance, ecosystem support, will empower Milady Meme Coin to solidify its position as a leader in the meme coins space. The synergy between Milady Meme Coin's vision and DWF Labs' expertise holds the potential to reshape the landscape of meme coins, driving forward the evolution of memes. About Milady Meme Coin  Milady Meme Coin ($LADYS) is a self-organised meme coin made in the image of Milady. Positioned at the vanguard of the meme coin revolution, $LADYS embodies the indomitable spirit of memetic power and internet love. Website: https://milady.gg/ Twitter: https://twitter.com/miladymemecoin About DWF Labs DWF Labs is the new generation Web3 investor and m... read More



ENS Labs Proposes Layer-2 Expansion for Ethereum Name Service

    On May 28, ENS Labs proposed that the Ethereum Name Service expand to layer-2 scaling protocols in an effort called “ENSv2.” “We're not just migrating core parts of the ENS protocol,” the team said in a blog post before adding that it is taking knowledge from the last seven years at the frontier of Web3, aiming to “re-envision the architecture from the ground up.” Introducing ENSv2: The Next Generation of ENS ENS Labs is excited to announce our proposal to extend the ENS protocol to a Layer 2 network. This move isn't just about migrating parts of the protocol; we're re-envisioning the architecture from the ground up! pic.twitter.com/3xM6owTpKk — ens.eth (@ensdomains) May 28, 2024 Ethereum Domains Faster and Cheaper The Ethereum Name Services has millions of .eth names registered and thousands of integrations, including dapps, wallets, top-level domains, and browsers, the team stated. By expanding to layer-2s, ENS will become more accessible and cheaper to use for a wider range of users. However, ENS Labs has yet to select a specific layer-2 network for the migration. The primary goals of the expansion, which was mulled in July 2023, aim to make ENS more decentralized, enable new use cases and integrations, and overcome constraints of the Ethereum mainnet. Moreover, moving to layer-2 offers some major benefits, including lower gas fees for registering and renewing .eth names, more control and customization through a hierarchical reg... read More



Horizen Labs Launches zkVerify – The Most Efficient Modular Blockc...

    [PRESS RELEASE - New York, NY, May 23rd, 2024] Horizen Labs is proud to announce the official launch of zkVerify, a dedicated zero-knowledge-proof verification network designed for settlement optimization. The launch of zkVerify comes at a critical time when blockchain networks are increasingly seeking efficient and scalable solutions to meet the demands of high transaction volumes and complex operations. In recent years, web3 developers have embraced modular solutions to optimize the core functions of blockchain protocols — execution, consensus, data availability, and settlement— as individual functions. Modular architectures propose a more efficient alternative to monolithic chains, which combine these features into one protocol. zkVerify is uniquely architected as the most efficient ZK modular solution for the settlement layer that collapses security costs by decoupling proof verification from settlement on L1s. Horizen Labs estimates $47 million was spent on proof verification in 2023 for zk-rollups on Ethereum alone, and industry studies anticipate zk proof generation will become a $10 billion market by the year 2030. zkVerify removes the cost and complexity of computationally intensive proof verification for developers building with zk-rollups, proposing a critical unlock for the scalability and adoption of decentralized applications. At the outset, zkVerify can be used to verify proofs for Ethereum and Bitcoin L2s with a 91% cost reduction, and will rapidly... read More



Uniswap Labs Responds to SEC Wells Notice, Calls the Legal Basis 'Weak'

    Uniswap Labs, the company behind the decentralized exchange Uniswap, has issued a response to the Wells Notice from the U.S. Securities and Exchange Commission. Meanwhile, Uniswap’s native token UNI has surged 2.0% over the last 24 hours and 37% over the week to hit $9.48. Uniswap Labs Criticizes SEC's Legal Basis In a blog post on May 21, Uniswap Labs criticized the SEC’s basis for the notice, calling it “weak.” The firm compiled a number of reasons why the agency’s pursuit of legal action needs to be reconsidered. Uniswap noted that the SEC based the notice on the assumption that all tokens are securities. However, Marvin Ammori, the Uniswap Labs Chief Legal Officer, argued that tokens are a file format for value and not inherently securities. He went on to criticize the SEC's efforts to redefine terms such as 'exchange,' 'broker,' and 'investment contract' to include Uniswap's operations. Ammori also pointed out that the SEC’s accusation that Uniswap’s interface and wallet act as brokers would likely fail, citing a recent federal judge's ruling dismissing similar claims against the Coinbase Wallet. Uniswap has confirmed its readiness to engage in legal action and fight off any charges, saying that its lawyers have represented such cases, including Grayscale and Ripple, which were successful. Uniswap lawyers warned that a case against Uniswap is bound to drive American crypto investors to use foreign trading protocols. Further, it c... read More



UNI Price Soars 20% As Uniswap Labs Pushes Back Against SEC's Wells Noti...

    Uniswap Labs, the creator of one of the largest decentralized trading platforms, is challenging a potential enforcement action by the US Securities and Exchange Commission (SEC), arguing that crypto tokens should not be classified as securities.  The New York-based firm recently refuted the allegation that it operated as an unregistered exchange and broker-dealer. This response follows the SEC's issuance of a Wells Notice to Uniswap Labs, signaling its intent to recommend legal action against the company.  Uniswap Labs Challenges SEC's Claims In a 40-page filing submitted to the SEC, Uniswap Labs outlined numerous reasons why the agency's pursuit of legal action should be reconsidered. The SEC's claims are primarily based on the assumption that all tokens are securities, a premise that Uniswap Labs disputes. Marvin Ammori, Chief Legal Officer of Uniswap Labs, emphasized that tokens are merely a file format for value and not inherently securities. He criticized the SEC's attempt to redefine the terms 'exchange,' 'broker,' and 'investment contract' to encompass Uniswap's operations.  This year, the SEC has taken action against numerous crypto firms through Wells notices, lawsuits, or settlements.  The commission's scrutiny has increasingly focused on Ethereum and decentralized finance players, including Uniswap, ShapeShift, TradeStation, and Consensys. Additionally, reports suggest that the Ethereum Foundation is under investigation.  Distinction Betwe... read More



Kairon Labs Opens New Belgium Office, Honoring Deep Belgian Roots

    [PRESS RELEASE - Brussels, Belgium, May 16th, 2024] Kairon Labs, recognized as one of the fastest-growing and largest crypto market-making firms in Europe, is taking a substantial leap forward in its global expansion strategy with the inauguration of a new office in Belgium. This expansion not only underscores the company's steadfast commitment to innovation but also reinforces its connection to its Belgian origins while positioning it for further global growth. Belgium, a strategic European location, is an optimal launchpad for Kairon Labs' ambitious growth plans. The company aims to cement its presence in its home country and deepen engagements with clients and partners, leveraging the region's rich talent pool and dynamic business environment. 'After years of cultivating our company with the invaluable contributions of skilled remote workers, we're thrilled to announce the opening of our new, expanded office in Belgium, with an aim to enhance collaboration between team members,' shared Jens Willemen, CEO and Co-founder of Kairon Labs. 'This strategic decision underscores our dedication to fostering international partnerships and driving innovation in the web3 sector, all while honoring our Belgian heritage.', echoes Mathias Beke, CTO and Co-founder of Kairon Labs. This latest initiative is a testament to Kairon Labs' commitment to its roots and strategic vision. The new Belgium office, strategically located and with access to pivotal markets, will be a hub for Kairon Labs... read More



Telos Secures $1M in Funding From Presto Labs to Develop SNARKtor-Powere...

    [PRESS RELEASE - Hong Kong, Hong Kong, May 8th, 2024] Telos today announced it has accepted a strategic investment of $1 million USD from Presto Labs, a leading Asia-based venture capital firm and liquidity provider with an established track record in algorithmic trading. The capital raise signals the start of a long-term partnership between the two organizations, with the funds being allocated to the development of the new SNARKtor-powered Ethereum Layer 2 zkEVM network being developed by Telos. The capital will also help incubate the growth of SNARKtor Labs, Telos’ Hong Kong-based business unit focused on the acceleration of Telos’ ZK-proving technology infrastructure. The SNARKtor Labs corporate mandate stipulates that its interests must be fully aligned with that of the TLOS token in so far as it drives value to the token, directly or indirectly. Any profits the entity earns will be used to buy and hold TLOS on its balance sheet. Telos and Presto Labs’ teams will work together with a special focus on the Asia Pacific region, which has become a hub for Web3 innovation and investment. Executive Director John Lilic unveiled plans for Telos’ new zkEVM L2 during his recent keynote speech at TOKEN2049 in Dubai, where Telos was one of the event’s title sponsors. Presto’s investment will help expedite the completion of the L2, which Telos is co-developing with leading ZK research firm, Ponos Technology. “Presto Labs is one of the best in ... read More



Spectral Labs Joins Hugging Face's ESP Program to advance the Onchain x ...

    [PRESS RELEASE - New York, New York, May 7th, 2024] Spectral is excited to announce its participation in Hugging Face's Expert Support Program. Spectral is collaborating with deep learning experts from Hugging Face to advance open-source models, datasets, and applications for the Onchain Agent Economy. How to use Hugging Face Hugging Face plays a critical role across Spectral's organization. Through the Expert Support Program, Spectral regularly meets with the Hugging Face team to plan new use cases, strategize dataset construction, and develop training strategies. Earlier this year, Spectral launched Syntax, which is composed of a fine-tuned LLM orchestrator that routes queries between several tools, including search, Foundry, and an open-source model to generate Solidity code. Building Syntax required custom datasets for both finetuning and RAG, an original Solidity evaluation dataset written by elite smart contract developers, and experimentation across a wide range of open and closed-source models. Spectral's approach to dataset preparation, training, routing, and evaluation has drastically improved during this process, largely due to help from Hugging Face experts. Regular discussions on Spectral's approach mean that the company always receives impartial feedback on its decisions and can reevaluate its strategy as needed. This was important for both the finetuning and evaluation steps, which have now gone through several rounds of improvement thanks to the... read More



Aave Labs Unveils Major Upgrades and Expansions with Aave V4 Proposal

    Aave Labs, the team behind the DeFi lending platform Aave, has proposed a slew of major upgrades and expansions two years after introducing its V3. The suggested improvements include Aave V4, Aave Network, a Cross-Chain Liquidity Layer, non-EVM L1 deployments, and a fresh visual identity. Aave V4 According to the latest blog post, Aave V4 will be built with a brand-new architecture featuring an efficient and modular design while aiming to minimize disruptions to third-party integrators. The most important architectural change of the latest iteration is the proposed introduction of a Unified Liquidity Layer, which expands on the Portals concept introduced in Aave V3. This layer enables a fully agnostic, independent, and abstracted infrastructure for liquidity provisioning. It is also proposed to manage supply/draw caps, interest rates, assets, and incentives while enabling other modules to draw liquidity from it. This would allow the Aave DAO to add or remove borrow modules without the need to migrate liquidity. The main function of this architecture approach is to facilitate the addition or improvement of borrowing features without overhauling the entire system or the liquidation module while simultaneously addressing the issue of fragmented liquidity present in older versions of the protocol. Aave's proposal revealed that the liquidity layer is capable of natively supporting both supplied and natively minted assets, thereby improving integration with GHO and other collateral... read More



Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polka...

    [PRESS RELEASE - Zug, SWITZERLAND, April 25th, 2024] Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem. Onramps from fiat to crypto have historically been one of the biggest pain points with regard to DeFi accessibility. Thanks to the tireless builders who identified this issue early on, and have been working with regulators, credit card issuers and other payment infrastructure providers, the high barriers to crypto entry are about to be a thing of the past. In November of last year, Velocity Labs began talks with Ramp, the leading onramp infrastructure provider for web3. The objective was simple: maximize Asset Hub’s accessibility, and to get it to its full potential. Asset Hub is a system parachain considered the “home base” of assets in the Polkadot blockspace ecosystem. It enables the creation, management, and use of assets in the Polkadot network. As a system parachain, it has a trusted relationship with the Polkadot Relay Chain, allowing for porting of DOT from the Relay Chain to Asset Hub. Asset Hub is crucial for the emission of tokens similar to ERC-20 (the Ethereum standard powering DeFi on that chain) and the imminent and future resurgence of DeFi on Polkadot. However, Asset Hub has many constraints, particularly around UX and DevEx. Recognizing the potential of Asset Hub and its importance, Velocity ha... read More



SEC Demands $5.3 Billion From Do Kwon And Terraform Labs

    Terraform Labs (TFL) and its founder, Do Kwon, are under pressure to pay $5.3 billion in cumulative damages for fraud related to their now-defunct Terra blockchain. In a filing dated April 19, the U.S. Securities and Exchange Commission (SEC) requested that Kwon and his company be ordered to pay ~$4.2 billion in disgorgement and ~$546 million in pre-judgment interest after losing its lawsuit against the regulator on all counts earlier this month. The Largest Crypto Fine Ever? The agency requested that Terraform and Do Kwon pay a $420 million and a $100 million civil penalty, respectively, in addition to the disgorgement charges. The order also stipulated that monetary remedies imposed against the firm could not be discharged in bankruptcy, and that the order would bar Kwon from again acting as director of a securities issuer. Should the court abide, the case could go down as the largest crypto-related enforcement action ever, surpassing the Department of Justice’s $4.3 billion settlement with Binance, the world’s largest crypto exchange, in February. Whereas Binance’s charges at the time were related to a lack of anti-money laundering controls, TFL’s case related to securities law violations and defrauding investors. That includes misleading investors about its blockchain’s associated token and stablecoin – LUNA and UST – about their stability and ability to generate investor returns. “Through these deceptions, the defendants ca... read More



Aptos Labs Teams Up With Microsoft, SK Telecom For New Institutional Pla...

    In a notable collaboration, Aptos Labs, the developer of the Aptos (APT) Layer-1 (L1) blockchain, announced a partnership with tech giants Microsoft, Brevan Howard, and South Korean telecommunications company SK Telecom for a new decentralized finance (DeFi) platform. Aptos Labs Unveils Aptos Ascend The announcement, made on Thursday, revealed that Aptos Labs is launching Aptos Ascend, which will leverage the technologies of cloud computing platform Microsoft Azure, Azure OpenAI service, and SK Telecom while benefiting from the expertise of Brevan Howard and Boston Consulting Group (BCG) to provide digital currency and asset management services to its user base.  This partnership effort aims to set new benchmarks for secure and scalable financial solutions built on the Aptos blockchain, specifically through the launch of Aptos Ascend. Aptos Ascend introduces advanced Digital Asset Controls designed to provide precision and adaptability in asset management. Key features include customizable tokens tailored to specific financial requirements, access control limited to approved transactions and participants, and increased confidentiality through Zero-Knowledge Proofs (ZKP) that ensure compliant transaction details remain secure. Furthermore, Aptos Ascend's Network Controls empower financial institutions to upgrade their infrastructure and address future financial challenges. This is achieved through customizable solutions that allow adaptation of network settings to meet... read More



Saakuru Labs Secures $2.4 Million in Funding to Fuel the Adoption of the...

    [PRESS RELEASE - Singapore, Singapore, April 16th, 2024] In a significant move towards expanding its reach and capabilities, Saakuru Labs has successfully raised $2.4 million in an oversubscribed private funding round. This infusion of capital is earmarked for accelerating the adoption of the Saakuru Protocol, which has shown remarkable growth and traction in the GameFi sector. The Saakuru Protocol, known for its innovative approach to blockchain scalability and efficiency, has already made a mark with over 430,000 wallets holding assets on its mainnet. Its daily transaction volume has surged to over 200,000, positioning Saakuru as the fourth most active Layer 2 (L2) solution in the blockchain space. This level of activity underscores the protocol's rising importance and the growing trust in its stability and performance among users. This year, the ecosystem surrounding the Saakuru Protocol is set to expand significantly, with over 40 projects slated to go live in 2024. Among these is PlayGround, the flagship gaming platform developed by Worlds Beyond, which is expected to attract considerable attention. Additionally, the gaming landscape will be enriched with titles such as Crypto Run, a Made by Apes game, and Soccer Sage, a soccer betting game that promises to engage fans around the world. Worlds Beyond, a key player in the gaming sector and a participant in this funding round, has announced plans to launch three more games later this year, further contributing to the ecosy... read More



SEC Files Notice Of Intent To Sue Uniswap Labs

    The U.S. Securities and Exchange Commission (SEC) is cracking down on another corner of the crypto industry, this time targeting one of the biggest players in decentralized finance (DeFi). On Wednesday, the regulator issued a Wells Notice against Uniswap Labs, the company behind the world’s largest decentralized exchange (DEX). Uniswap To Be Sued By SEC Uniswap Labs publicly confirmed the news in a press release on Wednesday, and assured followers that the team is “ready to fight.” “This is the latest political effort to target even the best actors in crypto like Uniswap and Coinbase,” the team stated, referring to the SEC’s June 2023 lawsuit against the nation’s largest centralized crypto exchange. “All Uniswap products and the Uniswap Protocol are unaffected,” they added. Uniswap Labs is a New York City-based software company that serves as the primary contributor and developer of the Uniswap protocol on Ethereum. The protocol lets users access trading and liquidity crypto tokens in a permissionless, trustless, global, and decentralized manner compared to traditional competitors. Though Uniswap Labs did not specify what the SEC was planning to litigate over, the agency’s history provides clear clues. Last year, it sued numerous exchanges including Binance, Coinbase, and Kraken for illegally listing several alleged securities. It’s also sued numerous project teams like Ripple, Terraform Labs, and others for is... read More



Paradigm Drives $225M Funding Round For Monad Labs, Blockchain Rival To ...

    Venture Capital (VC) firm Paradigm is leading a substantial $225 million funding round for a new Layer 1 (L1) network, that aims to compete with the Ethereum (ETH) blockchain. Other notable participants include VC firms Electric Capital and Greenoaks. According to a recent Fortune Magazine report, Monad Labs, the company behind the blockchain project, aims to compete with established players such as Solana (SOL) and Ethereum and the Layer 1 blockchain protocol Sui (SUI).  Monad's Rebuilt Ethereum Blockchain  Per the report, Monad's initiative is to rebuild the Ethereum blockchain from the ground up, while retaining the ability to execute smart contracts. The project aims to achieve faster transaction speeds, handle higher volumes, and offer lower costs compared to existing networks.  Notably, Monad ensures compatibility with Ethereum's programming infrastructure, known as the Ethereum Virtual Machine (EVM). This compatibility allows developers to port applications built for Ethereum, ensuring a fluid transition to the new blockchain. Keone Hon, the founder of Monad, stated in an exclusive interview with Fortune that the company has dedicated approximately two years to developing its blockchain solution.  Hon noted that Monad Labs stands out by fully supporting the EVM bytecode standard. Developers use this standard to create decentralized applications (dApps) on platforms such as Ethereum, Polygon, Avalanche, Binance Smart Chain, and Optimism.  Accor... read More



Swaap Labs Launches 'Supercharged' DeFi Yield Protocol Swaap Earn

    DeFi market maker Swaap Finance has launched a new service called Swap Earn, allowing users to earn an extra yield on already yield-bearing assets. The protocol tops up investor returns through market-making yield, spreading investors’ assets across multiple pre-defined protocols. Yield On Top Of Yield Market making is when DeFi users provide liquidity to decentralized exchanges, allowing fellow crypto buyers to easily find sellers, and vice versa. Market-making yield can come from one of two sources: trading/swap fees, or intrinsic token rewards. Per a press release shared with CryptoPotato, Swaap Earn liquidity providers earn “superior yield” by depositing their assets into single asset vaults. Assets are then dynamically distributed across multiple protocols in search of the most optimal yield at any given time. The model provides investors with returns that are passive, but also trust minimized. Over time, Swaap’s decentralized governance can add new allocation rules and strategies to keep yields as high as possible. “The beauty of Swaap Earn lies in its simplicity and efficiency,” said David Bouba of Swaap Labs. “By marrying our cutting-edge market-making strategies with passive yield generation, we're setting a new standard for liquidity utilization in the DeFi space.” Swaap’s Continued Growth The first vaults on Swaap Earn were developed in conjunction with Lido and Aave. with Aave providing a grant Lido is the worl... read More



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