Fireblocks’ Post

As we close out the month of July, it's interesting to take a look at stablecoin flows across ecosystem. Within the L2 space, total stablecoin circulating supply on Arbitrum led the way and grew by 10% month-over-month. Arbitrum also crossed the $4B threshold for the first time ever and now stands at $4.34B, the most ever for the network and the most amongst all L2s. Meanwhile, Optimism grew by 5.5% (now at $1.27B) and Base remained flat (now at $3.03B).

Defi Fun Facts Tuesday! Did you know that ARBITRUM is the leading L2 scaling solutions platform with a TVL exceeding $2.96 billion? It's no surprise that it currently integrates with top-tier applications like GMX and Camelot DEX. The continuous growth of Arbitrum in the ETHEREUM ecosystem is undeniable. Keep an eye on this page as I continue to educate you with the latest trends making waves in the world of decentralized finance. #Defi #Arbitrum #L2Scaling #GMX #CamelotDEX

#ChartoftheDay The market’s enthusiasm for liquid #restaking is waning significantly. As a critical DeFi provider in the liquid #staking sector, Pendle's TVL boomed earlier this year by providing exposure to multiple Eigenlayer-focused LRTs. However, Pendle’s TVL saw a 40% decrease in the last several weeks as multiple LRT market products with high APY hit maturity. Liquid restaking seems to be the only buzzword and narrative associated with the Ethereum ecosystem this year. Pioneered by Eigenlayer, restaking added new use cases for Ether and received significant interest in both the primary and secondary markets. In the primary market, LRT projects completed raises with high valuations. On the secondary market, LRT tokens, including Pendle, make all-time highs in token prices. However, under the current market conditions, financial incentives are the key driver for users. As many LRT projects’ airdrops and point programs have ended, users are withdrawing liquidity from the sector to seek other incentives. The restaking sector faces challenges from the current lull period of the #Ethereum ecosystem and sustainability risks due to the loss of high APY opportunities.

Clearpool's Q1 2024 report is here, highlighting the waves the protocol has been making in the Real World Assets (#RWA) sector this quarter. Key Takeaways: 🔵 Launched on two new blockchains - Avalanche and Mantle Network 🔵 Institutional adoption gains momentum with the entrance of two listed firms, Flow Traders and BANXA 🔵 Credit Vaults launches providing greater flexibility for borrowers 🔵 CPOOL lists on Bybit Exchange 🔵 Protocol TVL grows, and CPOOL holder metrics see a substantial increase Dive🏊♂️ into the full report here:

CPOOL spot trading is now LIVE on Bybit! Clearpool recently launched on Mantle Network, a L2 rollup combining Ethereum’s security with cheaper gas fees and higher throughput. Listing on #Bybit now provides liquidity for #CPOOL on #Mantle. This allows users earning CPOOL rewards in Clearpool's Mantle Market to seamlessly transfer their tokens to Bybit via the Mantle network for instant liquidity access. To celebrate the listing, there will be several CPOOL campaigns and events running on Bybit: 🔥Event 1: Token Splash/Deposit and Earn 1,100,000 CPOOL 🔥Event 2: Trade To Earn from 50,000 #USDT Prize Pool Trade CPOOL/USDT pair here👇 https://lnkd.in/g79Nk-vm Read more about the listing and campaigns 👇 https://lnkd.in/gUPq9rbM

GenesisLRT Breakdown 🌐 The latest blog provides a macro overview, detailing everything you need to know about GenesisLRT TL;DR: 🔹 GenesisLRT is positioned as an Ethereum restaking protocol propelled to empower the EigenLayer framework by acting as a liquidity aggregator. 🔹The process starts when an investor deposits ETH into the GenesisLRT. 🔹GenesisLRT deals with all the backend flow allowing investors to have a smooth experience and accruing two layers of yield at the same time. 🔗 Read the full blog here : https://lnkd.in/dPDkQkVw

The Fireblocks team is headed to Austin, Texas for Consensus 2024 by CoinDesk. Here's how you can meet us: ✅ Join our "End to End Tokenization with Fireblocks" workshop, led by Fireblocks' Sr. Director, Banking & Asset Management, Neil C., on May 29 at 10:30 am. Discover the ins and outs of secure tokenization and how it can transform your operations. ✅ Don’t miss the "De-Risking DeFi" panel on May 31 at 2:30 pm where Fireblocks' VP of Security and Trust Products, Shahar Madar, will provide insights into the evolving world of decentralized finance and share key strategies to mitigate risks. Learn more → https://lnkd.in/dWweVJcc

Clearpool's Q2 2024 report is here, which highlights the protocol's growth across key metrics and milestone achievements over the past quarter. Key Takeaways: — Clearpool launched on Base, an Ethereum Layer 2 incubated by Coinbase — Total Loans Originated (TLO) surpassed $550 million as Prime Brokerages entered  — Clearpool launches a yield vault for USDX on Flare Network, with TVL reaching $13 million — Clearpool Prime expanded to Avalanche, with TLO surpassing $50 million — CPOOL holders number saw continued growth, +18% QoQ Dive into the full report here:

Jito is Solana’s 2nd largest protocol with $400M in TVL. The MEV-powered liquid staking protocol will be doing an airdrop soon. • 10% of the JTO token supply will be allocated for the airdrop. • The cutoff date for activities that will count towards the JTO airdrop was November 25, 2023. • Out of the 10% airdrop allocation, 80% will be given to users with at least 100 Jito Points. • Jito's pre-launch futures product is trading on Aevo, with $730M in implied FDV given the current price of $0.73 • Airdrop claims opens on December 7th, 2023 at 11 am EST. Full read: https://lnkd.in/evP6rbHx

As stablecoins and other forms of tokenized money gain momentum, we're moving from concepts to fully operational systems that transfer value globally. Join our upcoming webinar on May 14 at 9:00 am EST, where Fireblocks unites experts from Visa, Boston Consulting Group (BCG), Bank for International Settlements – BIS, Societe Generale - FORGE, and Zodia Markets to explore current and future applications of stablecoins and tokenized money → https://lnkd.in/ds5_Mqjx