Parcl Limited Shares $PRCL Tokenomics
Logan Hitchcock

Parcl Limited shared more about its tokenomics and supply schedule ahead of the $PRCL network token launch.

The Deets

  • Decentralized Real Estate: A first-of-its-kind exchange focusing on real estate assets.
  • Community Governance: $PRCL holders to shape future ecosystem developments.
  • Token Allocation: Details on distribution and utility unveiled, with allocations for HOA and Mad Lads NFT holders

The Bulk

Parcl Limited shared more details about its PRCL network token. This move is part of Parcl's mission to decentralize its ecosystem, granting token holders governance rights and access to enhanced utilities within its platform.

One billion $PRCL tokens will be the ultimate supply, with 8% initially provided to the community. From that distribution of 80,000,000 $PRCL, 95% of it will be provided to early adopters of the Prcl Protocl. A further 5% will be provided to two specific communities, 4% to Parcl HOA NFT holders and 1% to Mad Lads NFT holders. 

Mad Lad NFT holders have until Apr. 4 to verify their holdings in the Parcl Discord via the Matric bot. 

A further 28% of the total supply will then be shared to the community overtime as an incentive for growth of the protocol and ecosystem. 

📊 By the Numbers

Parcl has seen siginifcant traction with more than $940 million in total notional volume having traded. 

🎤 Platform Prose


The Parcl Protocol is a first-of-its-kind decentralized exchange with an initial focus on real estate. Parcl’s primary intention is to create a liquid market around the largest asset class in the world by leveraging world-class real estate data.Parcl Limited

🔜 What's Next?

The $PRCL token is expected to drop in Apr, though the official date has not yet been provided. 


For more web3 and NFT news, visit the Lucky Trader newsfeed.

Parcl Limited Shares $PRCL Tokenomics
Morning Minute | Anime Is Coming On-Chain
Logan Hitchcock

Logie's Market Summary

Good morning! 

Today's top news:

  • AnimeCoin, Arbitrum, Azuki are brining Anime on-chain
  • Court rules SEC can continue case against Coinbase
  • Parallel raises another $35 million for Parallel Studios
  • and more....

Today's Morning Minute is brought to you by nftperp, your gateway to the future of NFT derivatives trading!

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nftperp allows traders to go long or short NFTs with the click of a few buttons. 

And now it is officially live on Blast L2, providing a lower fee environment for traders along with:

  • New "Degen Draw" raffle game

  • Punks, Penguins and Milady's live for trading

  • 100% of their Blast airdrop being shared with the community

  • Additional $VNFTP rewards for traders

So start trading today (and use our code "LUCKYTRADER" to get access).


Anime On-Chain

Shortly after publishing yesterday's Morning Minute, AnimeCoin (which appears to be the rebranded Weeb3 X account) dropped a bombshell announcement that it would be building AnimeChain, an Arbitrum Orbit blockchain with a native gas token ($ANIME), built in collaboration with Azuki and Arbitrum. 

From the announcement..."AnimeChain’s mission is to provide the infrastructure that enables the global anime network to live onchain, governed by creators and participants. The result? An anime experience with deepened fan engagement at every touchpoint with shared upside in the ecosystem." 

I love the sound of aligning incentives between creators and consumers. 

Why AnimeChain? 

Aside from the idealogical aspirations of empowering creators and allowing their consumers to share in the upside, AnimeChain merges two very powerful and growing sectors - blockchain/tokenization and Anime. 

The announcement cited the potential growth for Anime to grow into a $60 billion industry by 2030 and other data I found from Future Market Insights suggests a similar range (or higher) by 2034. 

And while those who are perhaps more technically or tokenomically (that can't be a word) inclined could provide an argument for or against creating your own blockchain, the more that I have sat with AnimeChain being its own thing, the more I've leaned into it as an onboarding tool. 

Improved Onboarding Via AnimeChain

Consider trying to onboard someone close to you to the NFT collection closest to your heart at present time. Likely that involves, creating a new wallet, buying some ETH, sending that ETH to the wallet, finding a deal on one of a handful of NFT marketplaces and purchasing an NFT. 

Few, if any of those touchpoints are personalized in any way. Most are merely robotic, technical actions that are detached from the end state of owning a cute, colorful NFT. 

Where I think things like AnimeChain or PudgyToys can really thrive is not only the ease of getting people on-chain, but also the comfortable manner in which it's possible to put those people on-chain. If your interest is anime, and you're onboarded via anime, to a place that surrounds you with more anime (the thing you like!)...I think you're much more likely to stick around. And hell, you might not even know you're on chain. 

Zagabond, the creator of Azuki, spelled this out a bit in his response to the announcement... 

"So what's possible in the future? Imagine web2 fans captivated by the Azuki anime or our socials, signing up on our site with their email to instantly get an AnimeChain wallet. Imagine them buying collectibles and merch with PBT. Now picture them co-creating the Azuki universe and further strengthening the underlying network." 

While the technical barriers and security concerns persist, in the above example you're never asking the individual to stray from their interests...and you're getting them on-chain. 

Anime hasn't broken into my consumption habits yet, but I'm aware of the potential behemoth the genre is. I want exposure.

Getting Started With AnimeChain

CAUTION: AnimeChain is not live, please do not fall for any posts asking you to take action that do not come from the official AnimeCoin account. Always proceed with extreme caution. 

Although launch details haven't been spelled out explicitly, given the fact that Azuki is the premier launch partner, I fully expect Azuki ecosystem holders and participants to get first access. 

However, the launch announcement clearly states that Azuki is the "first" launch partner. Allow me to speculate here, that likely means that there will be another group of launch partners....perhaps other Anime projects from web3?

Perhaps you'll recall a frenzy other notable anime projects that dropped during late 2021 and throughout 2022. There were so many at one point that we actually considered building an Anime Power Rankings here at Lucky Trader. 

At this point, many have faded from the spotlight, but might those that are still building have a place on AnimeChain in the future? I don't know. I just like speculating. 

I will leave you with one thing that AnimeCoin buried at the bottom of its thread. 

"The anime takeover is starting soon. Get ready at points.anime.xyz.

🚚 What Else Is Happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

💰 Token, Airdrop & Points Tracker

Highlighting the major token or airdrop news from the day.

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

🗓 Upcoming NFT Mints and Reveals

Today is another slower day of drops without major highlights.

With memecoin energy slowing down, it could be a good weekend for any NFTs that catch momentum - so be on the lookout.

It's also a nice setup for a quality stealth drop.

See the full list and dive in for more details with Swizzy's daily mint monitor

  • Nestled - Harmony Wren (1:00 p.m. ET)
  • Miragenesi X FingerprintsDAO - The Queue mint (1:10 p.m. ET)
  • Cult of Tales, Petra Voice curated by Claire Silver/Transient Labs (1:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @lhitch09 or reach out via email logan@luckytrader.com.

 Morning Minute | Anime Is Coming On-Chain
AnimeCoin Announces AnimeChain in Partnership with Azuki, Arbitrum
Logan Hitchcock

AnimeCoin announced AnimeChain, a new ecosystem for anime built with Arbitrum and Azuki, aiming to enhance fan engagement and creator empowerment.

The Deets

  • Ecosystem Vision: Empower anime creators and fans by moving the global anime network onchain.
  • Collaboration Strength: Built in partnership with Arbitrum for low-cost, high-speed blockchain infrastructure and Azuki as the premier launch partner.
  • Industry Impact: Aiming to transform fan engagement and offer shared ecosystem benefits.
  • Launch Anticipation: Details on the launch and additional partnerships to be revealed soon.

The Bulk

Anime has become a global phenomenon, touching every corner of pop culture and showing no signs of slowing down. With a projected market value of $60 billion by 2030, the demand for anime content and merchandise is trending in the right direction and that's lead AnimeCoin to the introduction of AnimeChain. 

Developed in collaboration with Arbitrum and Azuki, AnimeChain represents a bold step towards creating a decentralized ecosystem for anime. Arbitrum's involvement cements a foundation built on speed and efficiency, leveraging its Layer 2 technology to ensure that AnimeChain operates with appropriate speed and low-costs. 

Azuki's will fill as the inaugural launch partner. As the premier anime NFT collection, Azuki's commitment to AnimeChain underscores the project's committment to its IP and roots. By bringing anime productions, games, and physical products onto the blockchain, Azuki might be creating the precdent for how top-tier anime IPs can thrive in a decentralized environment.

🔜 What's Next?

More details about the pending launch and additional partnerships are expected to be revealed soon. 

🎬 Take Action

Users can find the latest updates on AnimeChain's development and launch details by following @AnimeCoin on X. Plus, you can get a leg up on the points journey at points.anime.xyz. 


For more web3 and NFT news, visit the Lucky Trader newsfeed.

AnimeCoin Announces AnimeChain in Partnership with Azuki, Arbitrum
Gondi Makes Product Updates
Logan Hitchcock

Gondi launched new features to simplify NFT loans origination and enhance user interaction, including the integration of effective APR and a revamped UI.

The Deets

  • Effortless APR Calculation: Users can now easily understand their loan costs with the inclusion of effective APR in loan profiles and offer layout tables.
  • Best Offer Calculator Upgrades: A new origination fee filter and Effective APR display, combined with a highlighted selection, streamline the offer comparison process.
  • Renegotiation Clarity: The updated interface clearly presents renegotiation requests and offers, alongside NFT details.
  • Improved Vault Visibility: A side panel view of vault items enhances usability, eliminating the need for additional navigation.

The Bulk

Gondi, a leading platform in the NFT lending space, announced new product updates aimed at making the borrowing and lending process more intuitive and user-friendly. The addition of effective APR (eAPR) directly into loan profiles and offer tables eradicates the complex calculations previously required by users, offering a transparent view of the loan's cost at a glance.

With the revamped Best Offer Calculator, users benefit from an origination fee filter and the ability to see the Effective APR upfront, simplifying the decision-making process for borrowers. This feature not only aids in identifying the most suitable offer but also enhances the overall user experience by highlighting the selected offer for easier reference.

The platform's user interface has been significantly upgraded to provide clearer insights into loan renegotiation offers and requests as well. 

 🎬 Take Action

Explore Gondi's latest features and see how they can transform your lending or borrowing journey at gondi.xyz


For more web3 and NFT news, visit the Lucky Trader newsfeed.

Gondi Makes Product Updates
Kamino Launches Season 2 of Points
Logan Hitchcock

Kamino launches Season 2 of its points program with enhanced rewards, loyalty boosts, and imminent $KMNO staking. 

The Deets

  • Season Span: 90 days of engagement following the $KMNO launch.
  • Loyalty Boosts: Up to 10% for continuous Season 1 participants.
  • $KMNO Staking: A new way to earn points, with details forthcoming.
  • Dual Points Week: Earn in both Season 1 and 2 until the Season 1 Snapshot on March 31.

The Bulk

As Kamino Finance is striding into Season 2 of its points prgoram and will soon introduce $KMNO staking. 

New loyalty boosts serve as a testament to Kamino's appreciation of its Season 1 users, offering up to a 10% boost for those who were active throughout the initial season, ensuring early supporters are recognized and rewarded more generously.

With the promise of new products on the horizon and the integration of $KMNO into the ecosystem, Kamino is gearing up for a season that not only broadens its product suite but also deepens user interaction with the platform. It will wrap the first season of points with a dual points week, allowing users to maximize their rewards and bridge Season 1 and Season 2 seamlessly.

🔜 What's Next?

In the weeks ahead, Kamino will unveil more details about $KMNO tokenomics and the Season 1 snapshot will take place on Mar. 31. 


For more web3 and NFT news, visit the Lucky Trader newsfeed.

Kamino Launches Season 2 of Points
Morning Minute | $62M Exploit Threatens Blast Szn
Logan Hitchcock

Logie's Market Summary

Good morning! 

Today's top news:

  • $62M Exploit and Ensuing Recovery Threatens Blast SZN
  • Two KuCoin founders charged with Bank Secrecy Act and unlicensed money transmission offenses
  • Optimism sets aside 850 million $OP ($3.2 billion) for builders 
  • and more....

Today's Morning Minute is brought to you by Wasabi, THE leading NFT leverage protocol.

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How about wanting to long or short $PAC after the Blast exploit? 

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🚀 Failure to Launch?

Two days ago I wrapped up the section on Blast with this quote...."Not all that glitters is GOLD. The first major Blast exploit happened last week and given the infancy of this chain and its protocols, other lurking issues may still rear their head."

I'm saddened to report that the "last day since incident" counter was reset last night. 

Around 5:30 p.m. ET yesterday, Munchables, a popular protocol and Blast Bing Bang Winner announced that its lockdrop contract had been compromised. 

Due to the size of the exploit, more than $62 million in ETH at a minimum, the industry quickly sprung into action and notable investigator ZachXBT identified the exploiter and alleged a malicious developer with potential ties to North Korea within only a few minutes of the Munchables announcement. 

Rollback the Chain? 

Not long after the exploit, one potential solution was amplified loudly on the timeline....rollback the chain. 

Wait, that's possible?!

Yep.

Technical users on Crypto X began suggesting that Blast was uniquely positioned to solve the exploit by potentially rolling back the chain to a previous state....similar to the rollback/DAO Hack that brought us the present day Ethereum blockchain. 

These suggests brought great debate between many of the top personalities in our industry. Some called it foolish to let more than $62 million flow elsewhere in the name of "decentralization." Ryan Selkis of Messari said that another $62 million to North Korea might be "night night for Crypto in the US."

Others brought up the massive can of worms that rolling back four days of transactions (pre-Munchables lockdrop) would open up. And perhaps most importantly, the precedent that rolling back the chain sets and the danger that exists since one party maintains that level of control. 

Is there a right answer? I'm not sure. 

A Happy Ending

Fortunately, we didn't have to find out.

In the middle of the night, the Munchables developer and exploiter opted to return all the funds and the private keys to three separate contracts. Now, $97 million is safely secured in a Blast multisig and Blast core contributors are working with teams affected, like Munchables and Juice Finance, to return funds to users. 

No ransom, hopefully no lost user funds (they still need to go back to users), and a big sigh of relief for the broader crypto ecosystem. This feels like the best possible end scenario. 

As for the practical details about users receiving their funds, Munchables is expected to share more details this week but users will not be held to their previously chosen "locks" and they will also still receive their Blast rewards! 

What's Next for Blast?

This section will be a little bit lighter than I was planning when going to bed last night, unaware that a peaceful resolution would be found. But, I'm still thinking about the major implications this has for Blast moving forward, just as it seemed to be gaining steam. 

This is now two notable exploits in three business days and despite Pacman's urging that teams should focus on security and seek help with audits and more, the confidence of users must be brutally shaken. 

I'll still be using Blast and hoping to stack GOLD where I can, but I'll be holding to my previously shared cautions even more than before, instead opting for opportunities to earn GOLD and points in ways that aren't capital intensive. 

That will hold me out of the highest tier of earners, but also protect my downside. 

I'm content with that. Stay safe out there. 

🚚 What Else Is Happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

💰 Token, Airdrop & Points Tracker

Highlighting the major token or airdrop news from the day.

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

🗓 Upcoming NFT Mints and Reveals

Today is another slower day of drops without major highlights.

With memecoin energy slowing down, it could be a good weekend for any NFTs that catch momentum - so be on the lookout.

It's also a nice setup for a quality stealth drop.

See the full list and dive in for more details with Swizzy's daily mint monitor

  • FLUF World Prysyms (time TBD)
  • A Day in the Life, Guido Disalle/Transient Labs (1:00 p.m. ET)
  • SanFranTokyo Visions (6:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @lhitch09 or reach out via email logan@luckytrader.com.

 Morning Minute | $62M Exploit Threatens Blast Szn
Morning Minute | The British Are Coming...London Stock Exchange Adding Crypto ETN Market
Staff Writer

Logie's Market Summary

Good morning! 

Today's top news:

  • London Stock Exchange to add crypto ETN market
  • Crypto rise continues: BTC reclaims $70K, ETH $3,600, SOL $195
  • Darkfarms Ordinal fetches $270,000 in unique replies auction 
  • and more....

Today's Morning Minute is brought to you by MetaStreet, THE best new way to earn yield in NFTfi.

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  • not depending on oracles

  • offering dynamic interest rates, and 

  • operating permissionlessly via its Automated Tranche Maker (ATM). 

Recently they launched their Pudgy Ascend Tower, allowing those interested in lending against Pudgy Penguins to do so with up to 26.7% yield (and major points).

And just yesterday they announced a new open edition mint with Metaverse HQ to celebrate the Blast launch!

New things are happening almost daily with MetaStreet right now, and users are winning.

So deposit now and start earning!


🇬🇧 The British Are Coming

The world's most notable financial players continue to carve out space for the inclusion of cryptocurrencies, most notably Bitcoin and Ethereum.

Yesterday an exchange notice shared by the London Stock Exchange indicated that it aims to admit Bitcoin and Ethereum exchange-traded notes (ETNs) and provide access to the crypto ETN market on May 28. 

The news isn't completely unexpected, as the admission of crypto ETNs follows from a Mar. 11 notice which indicated the exchange would accept applications to provide such services. Nevertheless, it feels like a victory for crypto.

You don't just have to take my word for it. 

Oliver Linch, the Bittrex Global CEO, told Blockworks that this move signaled a "pretty big reversal" for UK regulators. He continued saying, "Crypto products such as [crypto] ETNs are now a vibrant asset class in portfolio management across the EU and US. The UK had to catch up and respond given the depth and breadth of the investment landscape here."

Everyone wants a slice of the crypto pie, and now more and more individuals and insitutions are gaining access to it. Interested applicants can begin submitting to the London Stock Exchange on Apr. 8, with a deadline of Apr. 15 if they wish to be included in the opening day of trading on May 28. 

Key Differences from Bitcoin ETFs

I should caution though, while this feels like a victory, it's one of much smaller magnitude than that of the SEC Bitcoin ETF approval, and there are some key differences to be aware of.

  1. ETNs differ from ETFs

I'm not above going to Investopedia to help detail the differention here. 

While exchange-traded funds (ETFs) buy and hold the assets it tracks, an ETN is "an unsecured debt note issued by a bank. If the underwriter (usually a bank) were to go bankrupt, the investor risks losing the entire investment."

  1. The ETN Market Is Only Open to Professional Traders

Secondly, the ETN market opening in May will still exclude retail traders and instead be open only to professional traders, like "investment firms and credit institutions."

But maybe retail exposure isn't that far away. Since the approval of the Bitcoin ETF in the United States, some financial executives indicated there is pressure on the UK to offer something similar. 

Might this be step one?

🚚 What Else Is Happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

💰 Token, Airdrop & Points Tracker

Highlighting the major token or airdrop news from the day.

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

🗓 Upcoming NFT Mints and Reveals

Today is another slower day of drops without major highlights.

With memecoin energy slowing down, it could be a good weekend for any NFTs that catch momentum - so be on the lookout.

It's also a nice setup for a quality stealth drop.

See the full list and dive in for more details with Swizzy's daily mint monitor

  • Pike Finance Community Presale (continuation)
  • Juice Finance TGE (11:00 a.m. ET)
  • THE FABRICANT X MAISON MARGIELA - METATABI (presale noon ET)
  • Erdoğan Paksoy, Break the Chains - Nifty Gateway (2:52 p.m. ET) 

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @lhitch09 or reach out via email logan@luckytrader.com.

 Morning Minute | The British Are Coming...London Stock Exchange Adding Crypto ETN Market
Binance Labs Invests in Staking Platform StakeStone
Logan Hitchcock

Binance Labs announced an investment in StakeStone, aiming to reshape omnichain liquidity with innovative staking solutions.

The Deets

  • Omnichain Liquidity: Connects liquidity across emerging chains and ecosystems.
  • Yield-Bearing Tokens: Utilizes STONE, a yield-bearing ETH token for native staking and liquidity on L2 networks.
  • Decentralized Architecture: Supports ETH POS, Eigenlayer restaking, and multiple emerging staking assets.
  • Efficient Liquidity Flow: Creates a two-sided market for liquidity providers and demanders.

The Bulk

Binance Labs, the investment branch of the global cryptocurrency exchange Binance, recently invested in StakeStone, a staking protocol designed to revolutionize the way liquidity is shared and staked across multiple blockchain networks. StakeStone introduces $STONE, a unique yield-bearing ETH token, to bring native staking yields and enhanced liquidity to Layer 2 (L2) networks.

StakeStone is known for its scalable architecture, which is capable of accommodating a wide variety of staking underlying assets. This includes ETH POS staking, Eigenlayer restaking, and any new staking asset types that may emerge, paving the way for a more interconnected and fluid multi-chain ecosystem.

In addition, StakeStone’s roadmap includes adapting to innovative underlying assets influenced by market dynamics, with a keen focus on specialized consensus mechanisms across Artificial Intelligence (AI) and Decentralized Physical Infrastructure Networks (DePIN). 

🎤 Founder Feedback


Our mission with StakeStone is to build a foundational omnichain liquidity distribution network that not only enhances security and efficiency at various blockchain layers but also empowers users with seamless and optimized staking solutions.Charles K, Co-Founder of StakeStone


For more web3 and NFT news, visit the Lucky Trader newsfeed.

Binance Labs Invests in Staking Platform StakeStone
Morning Minute | Prepare for Launch? Blast May Be Next Up for Hot Ball of Money
Staff Writer

Before our regularly scheduled programming, a small housekeeping note for this week.

Tyler is out on vacation (one well earned) so I'll be filling in for both the Morning Minute and Lucky Lead! 

You may notice slightly different tone and topic, but I promise to keep you abreast of all the most important things happening in web3. 

Today, that's trying to get ahead of the hot ball of money before it gets there, investigating opportunities arising on Blast and Base. 


Today's Morning Minute is brought to you by nftperp, your gateway to the future of NFT derivatives trading!

Are you ready to dive into the world of NFT trading but hesitant due to high entry barriers? Look no further than nftperp.

nftperp allows traders to go long or short NFTs with the click of a few buttons. 

And now it is officially live on Blast L2, providing a lower fee environment for traders along with:

  • New "Degen Draw" raffle game

  • Punks, Penguins and Milady's live for trading

  • 100% of their Blast airdrop being shared with the community

  • Additional $VNFTP rewards for traders

So start trading today (and use our code "LUCKYTRADER" to get access).

🚀 Blast Off

I'm not sure if the Morning Minute has ever opened with a Beanie tweet, but today it will. 

The first part of this post resonates most with me. I think Beanie is spot on in suggesting that it feels like we are "between metas." 

Despite a strong Sunday bounce, Solana memecoins lost a little bit of steam on the back of presale meta. Ordinals collections have held their ground, but aren't dominating the timeline like their initial surge. Crypto majors bounced on Sunday too, but all-time highs are a pump or two away. 

But you know what does seem to be picking up steam on my timeline? Blast. 

The Latest GOLD Rush

On Friday, Pacman and team began the first distribution of 10 million Blast GOLD to mainnet dapps and Big Bang winners. This GOLD, like Blast Points, can be passed on from the dapps to the users of their protocols at their discretion. And like Blast Points, GOLD holdings will affect a users eventual airdrop allotment as it earns 50% of the upcoming airdrop. 

While the difference between Blast Points and GOLD may be confusing, Blast has provided an estimation of their relative pair. Based on data from my Blast dashboard, right now, 1 GOLD will earn about as much as 35,000 Blast Points. 

On the surface, that might not mean much to you. But thanks to trading on Whales Market, we can start to put a number on just how impactful Blast GOLD may be. 

For context, recent fills of Blast Points (of trades of at least $1,000+) on Whales Market have Blast Points in the range of $0.00077-$0.001.

Therefore, using the low end of this range, 1 Blast GOLD at current prices is ~$27. That makes GOLD very desirable. 

And teams and protocols have lots of GOLD to distribute to hungry users as the latest distribution of 10 million GOLD is just the first of a bi-weekly, manual distribution from Blast.

Here's the full list of protocols shared by Blast, and their corresponding GOLD amounts. Thanks to the transparency of the team, posts about the "best ways to farm GOLD" started to populate my timeline. 

When people start to see major ROIs, and consider that, hey....Blast might airdrop $1.5 billion to users...it's likely less surprising that attention is picking up on the timeline. 

1B. 

I'd be remiss to not mention Base one more time as a strong candidate for the next hot ball of money. 

In fact, you could likely make the case that the hot ball of money is already making its way there. 

According to data from DefiLlama, Base was second in weekly volume gained (+64%) among chains that had more $10 million in DEX volume. On top of that, Base climbed into the No. 7 spot in weekly DEX volume at $1.78 billion. 

What else is happening, or yet to come? 

  • XCOPY and Jack Butcher choose Base for latest open edition launches. 
  • Base memecoin activity is heating up (see also, DEX volume). $DOGINME eclipses $90 million mc, $BRETT approaches $400 million again, $ROOST $200 million, $TOSHI $222 million, and the list goes on. 
  • Farcaster-based $DEGEN ripped to new all-time highs this weekend, up 50% on Sunday alone, surpassing a $600 million FDV at one point. 
  • Friend Tech points continue to surge on Whales Market as v2 prepares for launch in ~1 month. 
  • Oh, and maybe most importantly Coinbase and its influential, key players are relentlessly fighting for its continued adoption. 

🚚 What Else Is Happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • Bitcoin led NFT trading volume with $10.6 million in volume on the day (+12%); ETH was next with $9 million (+8%) and then Solana with $6.5 million (-2%)
  • The ETH NFT leaders were mixed yesterday; Pudgy -6% to 12.41 ETH and BAYC +1% to 13.64 ETH
  • Azuki bounced 9% to lead notable top movers, rebounding to 4.70 ETH, up 23% on the week. 
  • Runestones was the top Bitcoin mover, tallying 28.93 BTC. The floor is down a bit to 0.04 BTC, but another airdrop is in the works for Runestone holders. 
  • Froganas was the top mover on Solana, down nearly 8% to 2.74 SOL. Howdy Hats followed just behind as its token airdrop snapshot was taken at 7:00 a.m. ET. Hats had fallen around 14% to 9.13 SOL around that time. 
  • Darkfarms started an Ordinals inscription auction, with bids in $BOME being taken via X replies. At current $BOME prices the bid is more than $250,000. 
  • Jack Butcher followed XCOPY's lead, dropping an open edition, "1988" on Base. The edition minted more than 148,000 times by more than 37,000 unique minters. 
  • Three Bitcoin Rocks traded for multiple Bitcoin on Sunday, two to the same buyer. The early inscription, low-supply collection briefly bounced to a 6.9 BTC floor, but listings have pulled it back to 4.2 BTC (silly jokesters).
  • $600,000 USDC loan originated against Zombie Punk on Gondi. 

💰 Token, Airdrop & Points Tracker

Highlighting the major token or airdrop news from the day.

  • Pike Finance announced its tokenomics and community presale detailsTier 1 access will go live later today at 1:00 p.m. ET. 
  • With more reminders that Friend Tech is turning over its points to the community, point allocaitons on Whales Market are trading in larger size.
  • Arcade's $ARCD transferability proposal voting is now live. Votes "For" overwhelmingly receive support, sitting at 99.95% of the vote. 
  • Howdy Hat owners captured in this morning's snapshot will receive their portion of the $HOWDY airdrop today. Hats were trading at 9.17 SOL as of 7:00 a.m. ET. 
  • Blast GOLD distribution started on Friday and dApps have started distributing to users. 

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

🗓 Upcoming NFT Mints and Reveals

Today is another slower day of drops without major highlights.

With memecoin energy slowing down, it could be a good weekend for any NFTs that catch momentum - so be on the lookout.

It's also a nice setup for a quality stealth drop.

See the full list and dive in for more details with Swizzy's daily mint monitor

  • Pike Finance Community Presale (11:00 a.m. ET)
  • $HOWDY Coin launch (noon E.T.) 
  • Sovrn - Cents (noon E.T.)
  • Miragenesi x Fingerprints DAO: The Queue (1:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @lhitch09 or reach out via email logan@luckytrader.com.

 Morning Minute | Prepare for Launch? Blast May Be Next Up for Hot Ball of Money
Morning Minute | Blockchain Leaders Bet On The Memecoin Supercycle
Tyler Warner

TylerD's Market Summary

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They recently launched on Blast with increased trading rewards and incentives. 

And now traders can even go long or short memecoins (like $MOG) with up to 3x leverage.

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🫂 Blockchains Embrace Their Memecoins

It's no secret that memecoins have taken over the attention cycle this past month.

They're all over Crypto Twitter (X), driving up DEX volume across chains and even Bloomberg is covering on a consistent basis.

While they were once shunned as vaporware, a shift is happening.

L1 and L2 blockchain leadership is beginning to embrace them - and even more.

What Happened?

Two major events happened yesterday highlighting this new trend.

First, the Avax Foundation announced its "Memecoin Rush" program.

The stated goal of Memecoin Rush is to "help scale liquidity & drive momentum" for its memecoins.

They are providing $1M in rewards for users who provide liquidity on SteakHut or Trader Joe for the following tokens:

Then, over on Base, notable leader Jesse Pollak spent the afternoon retweeting posts from various Base memecoins, including:

  • $HIGH
  • $DEGEN
  • $doginme
  • $NPC
  • $TOSHI
  • $NORMIE

And more.

This follows similar actions from some Solana leaders, who have actively embraced NFTs and tokens in their ecosystem.

What was taboo even a few months ago is now becoming mainstream.

Why It Matters

These signals from L2 leaders are important from both a macro and micro perspective.

At a high level, this support shows that leadership values this sector of their ecosystem and economy. 

If support (time and money) continues to be thrown at memecoins, it's more likely this sector won't just completely go away.

It shows staying power for a new sector of crypto that many believe is just a fad.

At a more zoomed in level, whether they want to admit it or not, these teams are providing the list of memecoins for novice investors to buy into. 

Avax specifically listed just 4 tokens being rewarded - why venture outside that list if you are new to Avax but want exposure?

Jesse went a bit wider with his retweets, but still the same concept - if the meme wasn't retweeted by Jesse or consistently in the conversation - is it worth one's time?

Attention is one of the single most important elements in memecoins success, so betting on the ones that heave leadership attention seems smart.

And given all of this new support, betting on a broader memecoin supercycle seems smart as well.

🚚 What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • Ethereum led NFT trading volume with $12.9M on the day (-59%); BTC was next with $8M (-22%) and then Solana with $6.5M (-1%)
  • The ETH NFT leaders were green again on the day; Pudgy +6% to 14.5 ETH and BAYC +5% to 14.1 ETH
  • DigiDaigaku led notable top movers, rebounding 50% to 4.4 ETH
  • Runestones was the top Bitcoin mover on the day tallying 53 BTC with the floor up 10% to 0.053 BTC as airdrops line up for the top runes set
  • Little Pups were 3rd in volume on Bitcoin on the day, rallying to a 0.0072 BTC floor o 12 BTC volume
  • Solana NFTs were mostly green on the day; Mad Lads even at 155, Tensorians +2% at 44.5, Claynos +6% to 24 SOL
  • Howdy Hats was the top mover on Solana, jumping 55% to 4.4 SOL ahead of its token drop coming on March 25

💰 Token, Airdrop & Points Tracker

Highlighting the major token or airdrop news from the day.

  • NIM Network's Genesis drop went live on Thursday, with $NYM tokens available for 500,000 addresses (including NFT project owners like Pudgy Penguins, Parallel, 9dcc, Pirate Nation, and more)
  • Wasabi opened up trading for $PAC with up to 3x leverage, with 10k+ holders eligible for 2x points
  • Arcade's $ARCD transferability proposal is moving to the next step, a 7-day period where the community votes off-chain via Snapshot
  • The $PUPS team opened up a bridge allowing token holders to bridge their BRC20s to Solana via the Multibit bridge ($PUPS -20% to $3.50)
  • Ronin's native token, $RON, is now listed on Coinbase

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

  • Crypto majors are red this morning; BTC -3% $64,860; ETH -2.8% at $3,440; SOL -8% at $175
  • Solana SPL22 Tokens (like gh0sts and Elements) are coming to the OKX Marketplace
  • Thruster confirmed its SSS token was exploited on Thursday, experiencing an infinite mint issue

🚀 NFT Total Volume

  • BAYC ($6.3M, 14.1 ETH floor)
  • Pudgy Penguins ($5.7M, 14.5 ETH floor)
  • Runestones ($3.5M, 0.053 BTC Floor)
  • Lil Pudgy ($2M, 1.27 ETH Floor)
  • NodeMonkes ($1.1M, 0.7 BTC floor)

📈 NFT Floor Price Increase (ETH)

  • Defimons Apartments (55%, 0.21 ETH Floor)
  • SMOWL (54%, 0.02 ETH)
  • DigiDaigaku (50%, 4.4 ETH)
  • Cryptodickbutts S3 (40%, 0.59 ETH)
  • Lasogette (37%, 0.34 ETH)

🗓 Upcoming NFT Mints and Reveals

Today is another slower day of drops without major highlights.

With memecoin energy slowing down, it could be a good weekend for any NFTs that catch momentum - so be on the lookout.

It's also a nice setup for a quality stealth drop.

See the full list and dive in for more details with Swizzy's daily mint monitor

  • Geo Ordinals (11:00 a.m. ET)
  • ElmonX x Patrick Hughes (11:00 a.m. ET)
  • A Sunday in the Park (12:00 p.m. ET)
  • SOL Bones (1:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email tyler.warner@luckytrader.com.

 Morning Minute | Blockchain Leaders Bet On The Memecoin Supercycle