1. Memecoins Roundup
a. Uniswap Hits Peak Activity Since 2021 Amid Memecoin Frenzy
On May 5, Dune Analytics reported Uniswap's active users reached a high not seen since May 2021, driven by memecoin trading. PEPE alone generated over 410,000 transactions on Uniswap, burning ~5,300 ETH ($10M) in gas fees.
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b. Binance Lists FLOKI and PEPE
Listing Details:
- FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD pairs went live on May 6.
- PEPE perpetual contracts (20x leverage) launched simultaneously.
- Caution: Binance noted PEPE lacks utility or clear value, with ~7% of supply concentrated by insiders post-launch.
c. PEPE Contract Blacklist Controversy
PEPE’s immutable blacklist feature locked an address holding $8M worth of tokens post-purchase. No modifications or additional minting are possible.
2. Sui Network Updates
a. Mainnet Launch
Sui Mainnet debuted on May 3 at 8 PM UTC.
b. SUI Token Trading Goes Live
- Listed on OKX, Upbit, and Binance with SUI/USDT pairs.
- Price: ~$1.30 (initial market cap: $13B).
c. Delayed Perpetual Contracts
SUI team requested exchanges (e.g., Binance, OKX) to postpone perpetual contracts listings.
d. OKX Compensation for Trading Glitches
Users unable to cancel orders above $1.30 received refunds for price differences.
e. MovEX DEX Secures Mysten Labs Investment
Sui’s ecosystem expands with MovEX’s decentralized exchange funding.
3. Scam Alert: XIRTAM Rug Pull
The project raised 2,000 ETH before exit-scamming. Binance froze linked addresses, but legal action is pending.
4. Bitcoin Highlights
a. Lightning Labs Updates Litd
Non-custodial node tool simplifies BTC transactions via Lightning Network.
b. BRC-20 Mania
- 2.76M transactions generated 138.58 BTC in fees.
- Peak activity: 366K trades on May 1 (22.5 BTC fees).
c. Bitcoin Fees Surge
May 3 network fees hit $3.5M, highest since 2021, outpacing Uniswap.
d. OpenSea Teases Ordinals Support
BTC NFT trading may launch soon.
5. Ethereum Developments
a. ACDC Meeting #108
Focused on Deneb upgrade prep (EIP 4788, 6987) and MEV relay diversity.
b. Dencun Upgrade Nears Finalization
Key feature: EIP-4844 (Proto-Danksharding) to slash L2 costs.
c. Ethereum Foundation Moves 15K ETH to Kraken
Remaining holdings: 320K ETH ($640M).
6. Curve Finance Launches crvUSD
- Mainnet deployment completed (UI pending).
- Re-deployment needed due to veCRV fee distribution bug.
7. Polkadot Adoption by Deloitte
Deloitte integrates KILT Protocol for reusable digital credentials in KYC processes.
8. BNB Greenfield Timeline
Decentralized storage network launches Q3 2023, targeting BNB Chain ecosystem needs.
9. Blur Introduces Blend Lending
Zero-fee P2P perpetual NFT loans, built with Uniswap V3 contributors.
10. NFT News
a. Michelin’s "3xplorer Club"
5K Ethereum-based NFTs launching June 15, offering community perks.
b. Sotheby’s Metaverse
P2P NFT marketplace supports ETH/MATIC payments with enforced royalties.
c. Linea Testnet Campaign
Galxe partnership rewards users with loyalty NFTs for bridging activity.
d. Sports Illustrated’s NFT Tickets
"Box Office" platform on Polygon enables event engagement via "Super Tickets."
FAQ
Q: Is PEPE a good investment?
A: High-risk. No intrinsic value—trade cautiously.
Q: When will crvUSD be fully operational?
A: After UI deployment and contract re-deployment.
Q: How does Dencun improve Ethereum?
A: Reduces L2 fees significantly via EIP-4844.
Q: Can I trade SUI futures yet?
A: Exchanges like Binance may list perpetual contracts soon.
Q: What’s unique about BNB Greenfield?