KEYTAKEAWAYS
- Sonic Chain TVL Up Over 70% Weekly, Ecosystem Protocols See Widespread Growth
- KAITO Token Airdrop Claim Progress Reaches 29.46%, Over 75K Claiming Addresses
- 2.7 Million Addresses Bought Bitcoin at $97,100
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
SONIC CHAIN TVL UP OVER 70% WEEKLY, ECOSYSTEM PROTOCOLS SEE WIDESPREAD GROWTH
According to the latest data from DeFiLlama, Sonic public chain’s Total Value Locked (TVL) shows strong growth momentum, with a daily increase of 13.4% and a weekly surge exceeding 70.57%. The total TVL has climbed to $691.27 million, successfully ranking 13th among public chains. Notably, multiple leading protocols within the Sonic ecosystem have achieved explosive TVL growth, demonstrating strong development momentum.
Source: DefiLlama
Specifically, leading protocols showed impressive performance:
- Silo Finance TVL up 76.66% weekly
- Beets TVL up 77.29% weekly
- Avalon Labs TVL up 77.73% weekly
- Shadow Exchange TVL up 211% weekly
- SwapX TVL exceeding 100% weekly growth
Analysis:
Sonic’s recent significant TVL growth, especially the weekly increase of over 70%, reflects its ecosystem’s rapid expansion and increased market recognition. Multiple leading protocols like Shadow Exchange and SwapX seeing TVL growth exceeding 100% demonstrates investors’ high confidence in the Sonic ecosystem. This growth may be attributed to technological innovation, partnership expansion, or continued market demand for DeFi solutions.
KAITO TOKEN AIRDROP CLAIM PROGRESS REACHES 29.46%, OVER 75K CLAIMING ADDRESSES
According to Dune data, KAITO token airdrop claims have reached 29.46% completion, with approximately 29.463 million tokens airdropped and 75,181 claiming addresses. Several crypto KOLs have already sold their received KAITO token airdrops.
Source: DUNE
Analysis:
The nearly 30% claim progress indicates significant market interest in KAITO tokens. KAITO’s listing on Coinbase with good liquidity has encouraged more users to claim their airdrops. Additionally, KAITO staking rewards have launched, with approximately 10% of tokens currently staked and an annual yield of 70%. The market development trend shows positive momentum.
2.7 MILLION ADDRESSES BOUGHT BITCOIN AT $97,100
According to IntoTheBlock data, 2.76 million addresses bought a total of 2.1 million Bitcoin at an average price of $97,100, forming a massive demand zone below current prices. Analysis suggests this price level could serve as strong support if the market faces further downward pressure.
Source: IntoTheBlock
Analysis:
Bitcoin’s market dynamics, as the leading cryptocurrency, are worth close attention.
- Strong Support: Large number of addresses buying at this level shows market confidence in this price point, potentially forming psychological support.
- Potential Rebound: If prices return to this zone, it could attract more buyers, driving a price rebound.
- Risks Remain: Market sentiment and macroeconomic factors could still affect Bitcoin prices, investors should remain cautious.
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