Monad Labs, which will be an Ethereum and Solana competitor, has completed a $225 million funding round. DeBridge launched the points plan and tokens are on the horizon. SHIB Coin burn rate has seen a tremendous increase. Perp Dex project DTX announced that it will soon launch SAGA, DEGEN and TNSR perpetual contract trading. And much more…

News from SAGA, DEGEN, SHIB Coin and 6 altcoins!

Ethereum and Solana rival Monad Labs receives $225 million investment

Fortune magazine reported that Layer 1 Blockchain Monad Labs has completed a $225 million funding round. Paradigm led the round. In addition, IOSG Ventures, Electric Capital, and Greenoaks also took part in the round. This will be the largest cryptocurrency financing so far in 2024.

Keone Hon, founder of Monad, said Monad’s innovation comes from rebuilding Ethereum’s Blockchain from the ground up, preserving the ability to execute smart contracts while completing transactions faster, with higher capacity and lower cost. Unlike many new Blockchains, Monad will fully support EVM. Monad Labs’ success among investors also points to Jump Crypto’s continued influence. Cryptocoin.comtwo former Jump employees founded Monad in 2022. The third founder comes from a non-crypto background.

DeBridge launches points scheme, tokens on the horizon!

Cross-chain interoperability protocol deBridge launched the first season of its points program on April 9. According to the team, deBridge is retroactively distributing points to more than 200,000 existing users who have paid a total of $2.3 million in fees based on past activity. These include partner projects such as Jupiter, Solflare, Zeta Markets, Banana Gun and Birdeye, which have integrated the deBridge protocol into their applications. The team said the following:

The program rewards past loyalty through multiples of past and future activity, while encouraging and incentivizing new users to experience deBridge’s near-instant payouts, deep liquidity and tight spreads for local bridge transfers.

deBridge’s native token will be launched after the first season of points is released. However, the project did not disclose further information such as the specific criteria of the program, the date of the proposed token issuance, etc.

DTX, SAGA, DEGEN and TNSR to launch perpetual contract trading

Blast ecosystem Perp Dex project DTX announced that it will soon launch Saga (SAGA), Degen (DEGEN) and Tensor (TNSR) perpetual contract trading. From April 9th to April 22nd, the first ten users who participate in the Degen (DEGEN) perpetual trading volume on DTX will be eligible to share the USD 1,000 cash reward provided by DTX, and the first ten users who participate in the Tensor (TNSR) perpetual trading volume on DTX will also be eligible to share the USD 1,000 cash reward provided by DTX. Users will also receive Blast Gold and DTX Fuel points. DTX has also been selected for the Blast Points Plus Program. Those who interact with DTX will receive double Blast points

SHIB Coin burn rate increased by 1,344

Shiba Inu (SHIB Coin) burn rate increased by a staggering 1.344%. Thus, creating optimism for the SHIB Coin price. This notable increase in token burning activity comes at a crucial moment when the SHIB Coin price is on the verge of a significant change. According to Shibburn data, 135,451,536 SHIB Coins went to the burn wallet in 12 transactions in the last 24 hours. This equates to $3,868.50 in monetary terms.

Mantle Network sets a new record in TVL

According to L2BEAT data, the total volume locked (TVL) of the Ethereum L2 network Mantle Network surpassed $1 billion, reaching $1.03 billion. This is a 17.75% increase over the last seven days, reaching a new historical high.

NuLink receives investment and strategic alliance from DWF Labs

NuLink, a decentralized solution focused on data encryption and privacy protection, announced that it has received investment from DWF Labs. In addition, the two parties shook hands on a strategic cooperation.

Kiki World completes $7 million seed funding round

Web3 beauty startup Kiki World has closed a $7 million seed funding round. The round included a16z, Estee Lauder’s New Incubation Ventures, OrangeDao and 2Punks Capital. Kiki allows community members to vote on the features they want in beauty products before they are made. As a reward, voters can earn points to purchase free products. They can also receive the company’s digital tokens. Members’ product votes will be recorded on Ethereum.