Cayman Islands, Cayman Islands, December 4th, 2024, Chainwire
Metaplex, the blockchain protocol used to create virtually every token, memecoin, and NFT on Solana, saw record-breaking protocol fees in November, fueled by a surge in digital asset creation on Solana.
Rise in Solana Token Creation Drives Record Protocol Growth
As the protocol behind virtually all token creation on Solana, Metaplex has emerged as a primary beneficiary of the extraordinary surge in digital asset creation on the Solana network.
This exponential level of activity, encompassing everything from memecoins to AI tokens and NFTs, directly contributes to Metaplex’s protocol fees. This increased protocol fee generation has in turn funded record-breaking $MPLX token purchases for the Metaplex DAO.
Since June 2024, 50% of the prior month’s protocol fees and a portion of the historical fees have been allocated to funding $MPLX token purchases for contribution to the DAO.
In November 2024, this culminated in 12k SOL worth of $MPLX purchases — equivalent to approximately $3 million at current prices, marking a substantial 58% increase month-over-month and signifying the largest monthly $MPLX token purchases to date.
Building on this momentum, Metaplex’s November protocol fees hit an all-time high of $3.5 million, setting the stage for even larger allocations for $MPLX purchases in December.
Record-Breaking Metaplex Protocol Metrics in November
November’s protocol activity shattered previous records across multiple metrics:
- Metaplex saw extraordinary growth in fungible token creation, with 1.4M new tokens minted — marking a 56% increase month-over-month compared to the previous all-time high in October 2024 and a new monthly record. This represented 94% of all Token Metadata assets created, driven primarily by memecoin activity on platforms such as Pump.fun.
- Metaplex Core, the next generation NFT standard, demonstrated significant adoption with a new all-time high of 354k assets created, driven by expanded use cases made possible due to the standard’s flexible design.
- User engagement metrics surged as the number of unique wallets interacting with the Metaplex protocol reached 879k — a 34% increase from October and a new all-time high. The protocol’s total collector base expanded to nearly 60 million unique wallets, growing by over 860k in November alone.
About the Metaplex Protocol
Metaplex is the leading decentralized protocol on Solana and SVM, providing tools and programs for developers and creators to build decentralized applications that use digital assets. With a growing user base and a commitment to innovation, Metaplex is empowering the next wave of decentralized finance and commerce.
About the Metaplex Foundation
The Metaplex Foundation is a Cayman Islands non-profit organization dedicated to supporting the development and growth of the Metaplex Protocol. By providing open-source tools and resources, the Foundation empowers developers, creators, and users worldwide to participate in a decentralized and inclusive digital economy.
Website: https://www.metaplex.com/
Discord: https://discord.com/invite/6FaDSP2zms
Contact
Marketing
Dan
Forgd
dan@forgd.com
Grand Cayman, Cayman Islands, December 5th, 2024, Chainwire
Leading wallet Phantom, which has over 7M monthly active users, chooses Sui’s “high-performant” blockchain as its next integration.
The Sui Foundation today announced that Phantom Wallet, the leading non-custodial multichain cryptocurrency wallet, is now integrating with the Sui network.
At 7 million monthly active users, Phantom has the largest on-chain user base of wallets in the web3 industry. With over 560M total onchain transactions year-to-date, and key features such as staking, in-app token swaps, NFT storage, multichain support, and Ledger hardware wallet integration, Phantom represents a significant milestone for the Sui network, which becomes the first blockchain outside of Solana, Bitcoin, and Ethereum to be supported by the wallet. Sui is also the first blockchain built around the Move language to be supported by Phantom.
Integrating the Sui network is also a significant step toward enhancing interoperability for Phantom Wallet, and demonstrates how wallet providers and dApp builders are betting on a multichain future rather than focusing on only one ecosystem.
“The integration of Phantom Wallet with Sui represents a giant leap for the Sui ecosystem, which now gets access to a first-class wallet experience with several features that the Sui community has been asking for,” said Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation. “Phantom Wallet is selective about which chains they support, and we are proud to now be included among this notable group.”
The integration of Phantom will provide Sui users with a reliable and secure wallet solution available as a browser extension for Chrome, Firefox, Edge, and Brave, as well as a mobile app for iOS and Android.
“We’re excited to bring Sui support to millions of Phantom users,” said Brandon Millman, CEO of Phantom. “Sui’s thoughtful approach to scalability and developer-focused solutions aligns with our commitment to high-performant blockchains. We look forward to building together and supporting their growth.”
Contact
Sui Foundation
media@sui.io
Calgary, Alberta, December 5th, 2024, Chainwire
The EOS Network Foundation (ENF) is pleased to announce that Ceffu, the institutional custody partner of Binance, now supports the EOS mainnet. This partnership provides institutional-grade custodian services while unlocking new CeDeFi opportunities for EOS token holders through Binance’s MirrorX integration.
With Ceffu’s advanced custody infrastructure, institutions can confidently secure their EOS assets using multi-party computation (MPC) and customizable approval schemes. Through MirrorX, institutional fund managers can deploy CeDeFi strategies that leverage the best of both CEX and DeFi worlds. By leveraging Binance’s liquidity and advanced trading mechanisms, EOS token holders gain access to innovative yield solutions tailored to institutional needs.
EOS inclusion in the Coinbase COIN50 Index, a global benchmark representing the top 50 digital assets listed on Coinbase Exchange highlights the growing interest and popularity of the ecosystem towards institutions. This recognition underscores EOS’s position as a leading blockchain platform and a key player in the crypto economy.
“Ceffu’s integration with EOS represents an important step in building the infrastructure necessary to support institutional engagement at scale,” said Yves La Rose, Founder & CEO, EOS Network Foundation. “By partnering with Ceffu, we are creating new pathways for institutions to securely participate in the EOS ecosystem and benefit from its evolving opportunities.”
EOS has experienced significant performance improvements driven by community approved tokenomics enhancements. The new tokenomics strategy includes a dedicated funding bucket for middleware with the executed Unicove portal streamlining the onboarding process and improving user experience. Additionally, a staking rewards program distributing $450 million dollars worth of EOS has been active for over five months and has increased EOS staking participation by 4x while simultaneously extending the token lockup time from 4 to 28 days. These tokenomics initiatives collectively strengthen the EOS ecosystem, showcasing its growing robustness and appeal.
EOS Network
The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF).
EOS Network Foundation
The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all.
About Ceffu
Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Institutions may also benefit from Ceffu’s secure gateway to a wide range of liquidity products within other exchanges’ ecosystems. Institutions may also benefit from Ceffu’s secure gateway to the world’s largest crypto exchange through MirrorX, our off-exchange settlement solution.
Contact
Tristan Dickinson
EOS Network Foundation
Tristan.dickinson@eosnetwork.com
Boston, Mass, December 5th, 2024, Chainwire
No Wallet, No Gas – Evrloot Brings Seamless Blockchain Gameplay to All Players
Evrloot, the anticipated blockchain-based RPG, is set to exit its closed beta and officially launch with a Free-to-Play campaign at the end of November 2024. Developed by a global team of 13 passionate builders, Evrloot offers a rogue-like, light-MMO experience in a medieval fantasy world, combining deep gameplay with innovative on-chain mechanics.
Evrloot distinguishes itself from most Web3 games with a unique approach: Build a fun on-chain game first, talk later. The game empowers players by treating NFTs as save games, making progress and achievements tangible and tradeable on-chain. Players’ in-game experiences—whether mastering fishing or crafting a powerful weapon—are captured as soulbound or equipable ERC-6220, essentially NFTs 2.0 that can be seamlessly accessed across ecosystems, ensuring every victory stays with the players.
Players will have the opportunity to explore idle missions, tactical auto-battler dungeons, and on-chain crafting systems. Key features include:
- Idle Missions: Players can deploy special bait to send their character on a six-hour fishing expedition, offering the chance to discover rare items.
- Crafting: Resources such as fish and herbs can be combined to mint health potions.
- Tactical Dungeons: Players equip their loot to navigate dangerous dungeons. Only those who exit safely keep their spoils, which are minted on-chain.
- NFT Trading Marketplace: Valuable items, such as a ‘Damaged Battle Axe,’ can be exchanged for health potions and other resources through the game’s native marketplace.
Evrloot began as a passion project from Polkadot fans who believed NFTs could do more than just exist as collectibles. The game has grown steadily during its beta phase, recording over 1.5 million on-chain transactions on Kusama and Polkadot and fostering a community of around 400 NFT owners. It peaked at 1,000 Monthly Active Users (MAU) during the successful “Pink Event.” For the full release, the game will launch on Moonbeam, with a seamless onboarding experience featuring wallet and gas abstraction.
Evrloot’s launch prioritizes accessibility. Players can dive into the full gameplay experience without barriers—no crypto wallet or upfront payment required. As they progress, players have the option to upgrade their free-to-play characters to NFTs for enhanced features. However, the game ensures that free players enjoy the complete experience without any pressure to upgrade.
Tobi “Deckard” Amann, CEO of Chainfood Studio, the developers of Evrloot shared, “Our goal with Evrloot is to create an immersive and thrilling Dark Fantasy Web3 world that prioritizes fun and player enjoyment, transforming the world into a canvas for its players. Through their in-game actions, players shape the story and forge the lore of this world. As RPG enthusiasts, creating a canvas like this has always been our dream—and with Evrloot, we’ve found an exciting and ethical opportunity to bring our vision fully on-chain.”
“I am very excited to see Evrloot enter its next growth phase. Chainfood studio has a very special game in Evrloot with a fiercely loyal community – moving to a Free-To-Play model will give them a lot more exposure and will allow a lot more players discover what makes this game so special.” said Sicco Naets, Head of Ecosystem Development at Moonbeam.
Evrloot’s player onboarding uses a gamified affiliate campaign. Players join in-game clans that link back to the affiliates that brought them to the game. Being part of an active in-game clan not only shows player alliance with existing communities, it boosts the points they can potentially earn that are important for Phase II of the campaign. Players join for free and can optionally upgrade to one of 1299 exclusive NFT 2.0 Characters.
With freemium upgrades, cosmetics, and marketplace fees driving the business model, Evrloot offers a sustainable economy without compromising the player experience. While Evrloot operates without a token at launch, players are able to gather Points by completing tasks and referring friends.
Evrloot will also run a giveaway campaign to coincide with the game’s launch. Players who participate in specific in-game activities will have the chance to win 1 of 3 exclusive merch packs featuring original hand-drawn concept art on hand-made medieval paper, an Evrloot T-shirt, and stickers. Players can enter by joining the “🐂⭕️” clan for at least one day between the release date and December 21st. Winners will be drawn on December 21st and contacted via X (if linked in-game).
For more information, users can follow Evrloot on social media for the most current updates.
About Evrloot
Evrloot is a blockchain-based RPG with a medieval fantasy setting, developed by a global team passionate about ethical Web3 gaming. Combining engaging gameplay with NFT-based mechanics, Evrloot allows players to keep their progress on-chain and trade assets in a dynamic marketplace. Built on Moonbeam, Evrloot aims to redefine blockchain gaming with fun, accessibility, and sustainability at its core.
About Polkadot
Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.
Contact
Comms and PR Manager
Jonathan Duran
Distractive
jonathan@distractive.xyz
Sydney, Australia, December 5th, 2024, Chainwire
Social-lifestyle app STEPN GO is thrilled to announce the next milestone in its ongoing partnership with adidas: the launch of the first-ever STEPN GO x adidas co-branded physical running shoes featuring the STEPN GO logo. This exciting development follows a successful year of collaboration between the two brands, which previously saw the release of the STEPN GO x adidas Genesis NFT Sneakers. Now, the partnership moves beyond the digital world and into the physical, with a limited-edition collection of 1,200 physical adidas Ultraboost 5 running shoes.
This marks the latest phase of STEPN GO and adidas’ year-long partnership, which began in April 2024 with the launch of the STEPN Genesis NFT collection. After building excitement with the NFT drops, the introduction of STEPN GO x adidas Ultraboost 5 highlights how the two brands are pushing the boundaries of digital and real-world fashion.
Starting December 13, the limited-edition collection of STEPN GO x adidas Ultraboost 5 running shoes will be available exclusively on the MOOAR marketplace. This initiative is reserved for holders of STEPN and STEPN GO x adidas Genesis Sneakers, reflecting adidas’ commitment to empowering physical movement and innovation.
With only 1,200 Ultraboost 5 shoes available, this drop combines the cutting-edge performance of adidas with the active lifestyle ethos of STEPN GO.
“The launch of physical shoes is a defining moment in our partnership with adidas”, says Shiti Manghani, CEO of STEPN by FSL. “We’ve moved from digital collectibles to tangible products that people can wear, showing just how far the Web3 space has evolved. This collaboration demonstrates the potential of merging fitness, digital assets, and real-world products.”
“We’re thrilled to offer a new digital experience for runners at the forefront of this exciting new era,” says Erika Wykes-Sneyd, VP and GM of adidas /// studio. “This collaboration not only brings a fresh way to engage with fitness but also introduces rewarding experiences that push the boundaries of what’s possible in both the physical and digital worlds.”
Moreover, since the Public Beta Launch of STEPN GO in September 2024, the platform’s Haus System has become a standout feature. The Haus System allows users to lend their Sneakers to friends, share Energy and earnings, and onboard new users into Web3 without needing a wallet. This has made STEPN GO more accessible to a wider audience and reinforces its focus on community-driven innovation.
The raffles for the STEPN GO x adidas Ultraboost 5 running shoes will take place from December 13 to December 17, with four separate raffles. An advantage will be given to STEPN and STEPN GO x adidas Genesis NFT holders, while opportunities for broader participation will be provided through a contest on X and two raffles exclusively open to the ALTS by adidas and STEPN Apps communities.
Winners will be able to claim their shoes between January 6 to January 22, after a 3-week trading period allowing everyone to buy their tickets on the secondary market. The collection comes in four limited edition co-branded shoe styles, with the color being randomly assigned to winners, adding a unique element of surprise.
The STEPN GO x adidas collaboration is a significant step in integrating an active lifestyle into everyday life, showcasing STEPN GO’s innovative approach to fitness technology and its leadership within the Web3 ecosystem. By combining digital and physical experiences, this partnership underscores the growing impact of STEPN GO, not just as a fitness app but as a pioneer in redefining possibilities in the Web3 space.
About STEPN
STEPN is Web3’s leading lifestyle app with over 5.7 million registered users. By incentivizing exercise through rewards, the app requires users to purchase a virtual Sneaker NFT and earn rewards through walking, jogging, or running. Over the years, STEPN has partnered with prolific brands like adidas, Atlético De Madrid, Steve Aoki, and ASICS.
About STEPN GO
Building on the success of STEPN, the pioneering move-and-earn platform, STEPN GO revolutionizes social fitness in everyday life. Buy, borrow, or lend your Sneakers to earn rewards by staying active. Your rewards can be used to level up, cash out, or flex your online appearance, fostering both physical activity and social connections.
About adidas
adidas is a global leader in the sporting goods industry. Headquartered in Herzogenaurach/Germany, the company employs more than 59,000 people across the globe and generated sales of € 21.4 billion in 2023.
Contact
Marketing Manager
Emmanuel Manach
FSL
emmanuel@stepn.com
Dubai, UAE, December 5th, 2024, Chainwire
Aria Coin, an alien-inspired token, has experienced a notable 3000% surge in value. Aria Coin goes beyond being a token, positioning itself as a movement to reshape the meme coin market with its interstellar vision and community-centric mission.
Aria Coin has unveiled an initiative to reach the moon—literally. Partnering with advanced technology to send a special package to the lunar surface by 2025. Guided by the motto, “Unlock the riches of Aria,” this token aspires to provide more than gains—it wants to provide an out-of-this-world experience for its community.
Through the Aria Mini Application, users are empowered with opportunities to get tokens, enter exclusive raffles, and unlock experiences, including family vacations, plane tickets, and limited-edition NFTs. This innovative approach distinguishes Aria Coin in the crowded meme coin space.
An Alien Perspective: A Fresh Take on Meme Coins
The meme coin market has long been plagued by pump-and-dump schemes and projects lacking substance. Aria Coin want to rewrite this narrative with a mission to bring value, sustainability, and engagement to the forefront.
At the core of Aria Coin is its vibrant community. Known as Arians, members are rewarded with experiences such as holidays, exclusive watches, and substantial token giveaways. By launching AriaLand, an immersive mini-application accessible via Telegram’s AriaLandBot, Aria Coin ensures its community thrives.
AriaLand Features:
- Earning tokens through interactive tasks and challenges.
- Participation in exclusive raffles for luxurious rewards.
- Leveling up to unlock experiences like family vacations, plane tickets, and limited-edition NFTs.
Every aspect of Aria Coin—from its rewards system to its gamified ecosystem—is fully integrated into AriaLand, making it easy for users to engage, explore, and participate.
The Story Behind Aria Coin
Aria Coin draws inspiration from the vastness of space, aiming to spark curiosity and innovation. Its ecosystem uses advanced AI and AR technology to gamify everyday life, providing users with engaging experiences similar to Pokémon GO.
The experience is guided by Master Veludo, an AI-powered character central to Aria Coin’s story. Veludo acts as a personal assistant, leading users through interactive tasks that allow them to get tokens, discover hidden treasures, and unlock real-world benefits like discounts and potentially gain rewards.
By seamlessly integrating cryptocurrency into daily life, Aria Coin offers a unique combination of education, community connection, and tangible rewards.
A Shift in the Meme Coin Landscape
Aria Coin distinguishes itself in the crypto space with a solid market cap, active trading volume, and unique community initiatives. Positioned for significant growth, targeting a 100x rise in the near future.
“The meme coin market has never seen anything like Aria Coin. We’re here to inspire, connect, and reward our community in ways never imagined,” said Garry, the CMO of Aria Coin and one of the visionary behind it.
About Aria Coin
Aria Coin is a community-focused cryptocurrency project designed to empower users while redefining the meme coin space. Through its innovative AriaLand ecosystem, AI-driven gamification, and groundbreaking lunar mission, Aria Coin is setting new standards in the crypto world.
- Users can join the Arian Army and start unlocking the riches of Aria. For more information, users can visit Aria Coin’s Website and connect on Social Media: X (Twitter) & Telegram
Contact
George L.
support@ariacoin.io
London, united kingdom, December 5th, 2024, Chainwire
Pepe Unchained, with 10 days remaining until its official listing, continues to draw attention for its Layer 2 technology designed to improve scalability and transaction speed. Simultaneously, Pepeto is building momentum with its utility-driven approach, offering a cross-chain bridge, zero-fee exchange, and staking features. As both projects progress, Pepeto’s focus on addressing broader challenges in the memecoin space positions it as a key contender in the lead-up to the 2025 bull run.
PEPETO : Website Upgrade Signals Progress Toward Utility Launch
As part of its ongoing roadmap execution, Pepeto has unveiled a significant upgrade to its official website, https://pepeto.io/ This enhancement reflects the team’s commitment to providing a seamless user experience and preparing for the upcoming launch of PepetoSwap’s beta version.
By adhering to its roadmap, Pepeto continues to build trust and excitement within its growing community. The upgraded platform will soon serve as the foundation for the bridge and exchange functionalities, offering a resource for the next generation of blockchain projects.
https://www.youtube.com/watch?v=qyJh3yUKv5w
PepetoSwap: Transforming Cross-Chain Trading
As Pepeto, the project is preparing to launch its anticipated utility, PepetoSwap. This dual-feature platform combines a bridge for seamless token swapping across different blockchains with an exchange designed to support and adopt a wide range of tokens.
The bridge utilizes advanced technology to lock tokens on one blockchain and mint equivalent wrapped tokens on another, enabling interoperability while maintaining security. Meanwhile, the Pepeto exchange empowers token owners to list their projects directly via the bridge section of the official website, fostering a collaborative and expansive ecosystem for memecoins and other tokens alike.
A $1M Milestone and Beyond
Pepeto successfully raised over $1 million during its presale phase, drawing attention from various sectors within the cryptocurrency space, including investors, influencers, and community members. The project’s recent developments, including the unveiling of PepetoSwap and enhancements to its official website, underscore its commitment to building utilities for its community.
As the beta launch of its bridge and exchange approaches, Pepeto continues to advance its roadmap, aiming to support broader adoption and collaboration within the cryptocurrency ecosystem.
About Pepeto
Pepeto is a memecoin project designed to integrate cross-chain utility with community-driven development. Offering zero-fee trading, blockchain bridge functionality, and a staking rewards program, Pepeto seeks to combine accessibility with practical features. The project emphasizes interoperability and long-term value, fostering a dedicated user base through its ecosystem innovations and community-focused approach.
Disclaimer
The official website for Pepeto is https://pepeto.io/. Users are advised to exercise caution regarding fraudulent websites that may seek to misrepresent the project or its developments.
Official Website: https://pepeto.io/
Social Media:
- X (Twitter): https://x.com/Pepetocoin
- YouTube Channel: https://www.youtube.com/@Pepetocoin
- Telegram Channel: https://t.me/pepeto_channel
- Instagram: https://www.instagram.com/pepetocoin/
- TikTok: https://www.tiktok.com/@pepetocoin
Contact
Head of MK
Baker Uccio
contact@pepeto.io
Dubai, United Arab Emirates, December 4th, 2024, Chainwire
The Binary Holdings, a $16.9 billion technology leader, today announced a strategic investment of up to $5 million from ABO Digital, a digital asset investment firm providing alternative financing solutions to cryptocurrency projects around the world. This investment will power The Binary Holdings to accelerate its mission of transforming the global digital economy. With a robust user base of 169 million across multiple verticals, The Binary Holdings is reshaping how businesses, consumers, and investors interact in the digital landscape, and is targeting one billion users by 2025. This collaboration will drive the expansion of a decentralised open network that seamlessly integrates with Web2 infrastructure while unlocking the full potential of Web3, empowering businesses and users to benefit from digital services such as cross border payments, gaming, digital social and other compelling services.
The Binary Holdings has established itself as a central player in decentralised connectivity, working with a range of partners, including major telecom providers, to redefine how people and businesses interact across regions. Through contracts with seven leading telcos and a growing network of non-telco partners, The Binary Holdings is setting a new benchmark for global interoperability in digital commerce. At the centre of the Decentralised Open Network for Distribution and Commerce is The Binary Network, where users, businesses, and service providers can seamlessly connect and transact across borders.
By using BNRY, the network’s single digital currency, The Binary Network is redefining the way value flows between participants, ensuring that payments are frictionless and accessible to users worldwide. This bold vision of using a single digital currency across its vast ecosystem enables true interoperability and cross-pollination amongst its diverse range of partners in both the telco and non-telco sectors, allowing for commerce to flow in a way that was previously unimaginable, eliminating the barriers between platforms and national borders.
The platform’s ability to facilitate seamless transactions and interactions across multiple industries has already garnered attention from some of the world’s largest companies. With contracts signed with seven major telcos, The Binary Holdings is on track to reach 1 billion users by December 2025, becoming a true global player in the decentralised economy.
Introducing Millenia – Digital Bank for Seamless Cross-Border Transactions
In Q2 2025, The Binary Holdings will launch Millenia, a digital bank aimed at simplifying cross-border payments and remittances for users within The Binary Network. Designed to empower seamless transactions for individuals and businesses, Millenia will offer a low-cost, fast, and transparent service powered by the secure decentralised and interoperable infrastructure of The Binary Network, with BNRY as the primary transaction digital currency.
Supporting Multi-Chain Compatibility and Global dApp Growth
The Binary Holdings’ blockchain infrastructure is gaining strong traction among dApp developers. Through partnerships with over seven Layer 1 and Layer 2 blockchain networks, The Binary Holdings has created unique bridges which provide dApps immediate access to Binary’s expanding user base of 169 million, projected to reach one billion by 2025, creating unmatched engagement and utility.
By bridging Web2 and Web3, The Binary Holdings addresses a key challenge in the sector, accelerating Web3 adoption at scale and establishing itself as a leader in building tangible utility and mass adoption.
“The Binary Holdings is at the forefront of creating a new global standard for digital distribution and commerce,” said Siddharth Sahi, CBO, The Binary Holdings. “With the launch of the Binary Digital Bank, support from ABO Digital, and an expanding network of partners, we’re excited to continue pushing boundaries and bringing innovative solutions to our global community.”
A Tech Powerhouse in Southeast Asia and the Middle East and a Global Leader in the Digital Economy through Mass Adoption
The Binary Holdings is rapidly establishing itself as one of the region’s most valuable and innovative tech companies, with a valuation of $16.9 billion. With strong partnerships, an expanding user base, and a commitment to essential infrastructure, The Binary Holdings is on track to become a global digital economy leader. Its blockchain technology drives innovation in decentralized finance (DeFi), NFTs, gaming, and digital commerce at scale, building a robust ecosystem that redefines business, payments, and global interactions.
“We are excited to collaborate with The Binary Holdings at such a pivotal time in the evolution of the digital economy” said Talal Samy, Investment Associate at ABO Digital. “The company’s ability to innovate, scale, and bring real-world solutions to a global audience is unmatched. Their groundbreaking work in creating seamless global interoperability and fostering mass adoption of decentralised technologies aligns perfectly with our mission, and we are proud to support them as they continue to shape the future of Web3.”
With ABO Digital’s support and its expanding ecosystem and through real-world applications, from digital payments to cross-border commerce, The Binary Holdings is pushing Web3 and blockchain into the mainstream.
About ABO Digital
ABO Digital is an investment firm providing alternative financing solutions to cryptocurrency projects around the world. It is part of the Alpha Blue Ocean group, a pioneering multi-family office renowned for its leadership in alternative finance and innovative investment strategies. With a global presence and a commitment to supporting groundbreaking projects, ABO Digital has established itself as a driving force in fostering technological advancements and sustainable growth across various sectors, including health, medical innovation, and now, blockchain technologies.
About The Binary Holdings Limited
Headquartered in Dubai, UAE, and with a global user base of 169 million, The Binary Holdings Limited is a leading decentralised technology company committed to creating open, interoperable networks for digital commerce. By 2025, it aims to empower a billion users worldwide with secure, scalable blockchain infrastructure.
Contact
Head of PR
Yousef Batter
White Label Strategy
yousef.batter@whitelabelstrategy.io
New York, United States, December 3rd, 2024, Chainwire
Perennial announced the launch of Perennial Intents, a unique intents layer for perpetual futures, designed to unify DeFi’s fragmented liquidity landscape and deliver a centralized exchange trading experience on-chain. By sourcing liquidity from on-chain and off-chain venues, Perennial Intents is delivering deeper markets, better prices, and a unified trading experience designed to move DeFi forward.
Tackling DeFi’s Liquidity Fragmentation
“Perennial Intents arrive at a pivotal time for DeFi,” said Kevin Britz, Founder of Perennial. “Despite its growth, only a fraction of crypto’s order flow happens on-chain, most of which is fragmented across hundreds of L1s and L2s. The rise of appchains and isolated AMMs has led to over 100 chains with $10M+ in TVL (DeFiLlama), each operating its own siloed financial ecosystem. This fragmented liquidity leads to worse trade execution, with higher costs, increased slippage, and limited leverage opportunities.”
According to the team, Perennial Intents address these challenges by consolidating order flow into a unified liquidity layer. Instead of fragmenting liquidity into silos like appchains or AMM pools, intent-based trading integrates order flow across multiple venues, creating a more cohesive and efficient system.
A Hybrid Model for the Future of DeFi
Although intents are not new to DeFi, Perennial Intents introduce a layered model that combines intent-based off-chain order matching with on-chain AMM settlement. Perennial claims this model streamlines trading by pairing intent-based order matching with on-chain AMM settlement. The team claims this hybrid approach guarantees optimal price execution for traders while enabling solvers to dynamically manage liquidity without long-term collateral constraints—unlocking deeper markets and greater efficiency.
One-Click Trading and the Perennial Petals Program
Alongside Perennial Intents, the launch includes two additional upgrades: one-click trading and the Perennial Petals points program. Traders can now enjoy seamless trading with a single collateral account, while the Petals program rewards users with points for their trading activity, with 2x points available during the initial launch period.
The team at Arbitrum shared their excitement for the launch, highlighting the transformative potential of intent-based derivatives. “Perennial’s work with intent-based derivatives is transforming DeFi by aligning market interactions with users’ specific goals,” said Peter Haymond, Senior Partnerships Manager at Offchain Labs. “This approach lets users define their desired financial outcomes, enabling more efficient and personalized trading on Arbitrum.”.
About Perennial
Perennial is a DeFi-native derivatives primitive designed to serve as the liquidity backbone for DeFi. Backed by leading investors, including Polychain, Variant, and Archetype, Perennial has facilitated over $2.8 billion in trading volume. Its growing ecosystem includes integrations with prominent trading interfaces like Kwenta, Siren, Rage Trade, and Cryptex Finance.
For more information on Perennial Intents, users can visit their website or join the community on Discord.
Contact
Head of Marketing
Lucas Terry
Perennial
lucas@perennial.finance
Zug, Switzerland, December 3rd, 2024, Chainwire
Namada, the shielded asset hub enabling shielded cross-chain transactions, has officially published its genesis block, marking the launch of its mainnet. Along with the commencement of staking and governance, this marks the start of the first phase of Namada’s five stage decentralized mainnet rollout. This marks an important step forward, offering comprehensive data protection and selective disclosure across the multichain landscape.
Introducing Namada
Namada is designed to enable the protection of users’ personal data when using on-chain assets and engaging in cross-chain transactions. Its key innovation, the Multi-Asset Shielded Pool (MASP), can support the shielding of user data related to any asset, enabling shielded interactions across different blockchain networks. Namada enables selective disclosure, giving users the ability to share transaction data publicly and to specific parties. Additionally, Namada is introducing a unique shielding rewards system for users protecting their personal data.
“Namada’s mainnet is a major accomplishment for the many contributors and community members who have worked hard to take Namada from an early idea to a real, operational protocol,” said Christopher Goes, Namada cofounder. “Individual control of data and freedom of disclosure is necessary for a free society. We aren’t there yet, but the Namada mainnet is an important step in the right direction.”
The launch is fully decentralized, with the Anoma Foundation supporting the Namada ecosystem by proposing the mainnet candidate software and genesis balances. However, the Foundation abstains from running validators, ensuring that the Namada community retains full control over the platform’s launch and direction.
“Namada is an important missing link for the crypto space. Real adoption has been held back by the lack of user control over sensitive data,” said Namada cofounder Adrian Brink. “The goal of Namada is to give both individual and institutional users, who may have been waiting on the sidelines, the same freedoms and protections they have off-chain.”
Key Features of Namada
Namada introduces a suite of innovative features designed to protect user data while enabling seamless shielded cross-chain interactions:
- Shielding Rewards: Namada’s Multi-Asset Shielded Pool (MASP) supports the shielding of data for various assets within a unified shielded set. Users collect shielded set rewards for shielding their assets and enhancing on-chain data protection for everyone.
- Shielded Actions: Users can engage in cross-chain activity, such as DeFi, while keeping their personal data shielded. User data is protected even when interacting with transparent dApps and chains.
- On-Chain Governance: NAM token holders participate in governance by staking their tokens to vote on protocol upgrades and other decisions. This mechanism ensures that the community has a direct role in the evolution of the network.
- Public Goods Funding (PGF): A portion of the NAM inflation is dedicated to funding public goods, supporting projects that benefit the broader Namada ecosystem and beyond.
- Cubic Proof-of-Stake (CPoS): Namada’s unique staking mechanism incentivizes network security by adjusting staking rewards based on the network’s current staking ratio. Validators and delegators are rewarded for securing the network, with penalties for protocol violations designed to discourage collusion and enhance overall security.
Community-Driven Genesis Process
This process will unfold in five stages, each driven by community decisions via on-chain governance. Discussions around the mainnet release candidate software, configurations, genesis block draft, and tokenomics have taken place within the Namada community forum, ensuring a transparent, decentralized, and collective approach to the launch.
The Anoma Foundation proposed the initial set of genesis allocations, including a total supply of 1 billion NAM tokens with no lockups, distributed among community members, early contributors, and future development initiatives. This decentralized approach ensures that the network’s launch and ongoing governance remain in the hands of its users.
Namada is poised to support IBC-based assets initially, but can be upgraded in the future to support additional ecosystems, with the aim of becoming the data protection layer for the entire multichain ecosystem.
About Namada
Namada is the shielded asset hub rewarding users to protect the multichain. By leveraging advanced zero-knowledge cryptography, Namada enables selective disclosure of personal data, offering unparalleled data protection across assets, applications, and blockchain networks. It introduces shielded cross-chain interactions and shielding rewards for users who protect their data and strengthen its shielded set.
Contact
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Patrick Kennedy
Serotonin
patrick@serotonin.co