KEYTAKEAWAYS
- Berachain TVL Surpasses Base, Ranks Sixth in Chain TVL Rankings
- Multiple Parties Help Bybit Successfully Freeze $42.89 Million in Stolen Funds
- Pump.fun Trading Volume Drops Significantly, Down Over 64% from January Peak
CONTENT
BERACHAIN TVL SURPASSES BASE, RANKS SIXTH IN CHAIN TVL RANKINGS
According to DeFiLlama data, Berachain’s Total Value Locked (TVL) increased by 16.21% over the past week, reaching $3.26 billion, successfully surpassing Base chain’s TVL ($3.249 billion) to rise to sixth place in the TVL rankings among all public chains. Currently, TRON chain ranks fifth with a TVL of $5.232 billion, while BNB Chain ranks fourth with a TVL of $5.569 billion.
Source: DefiLlama
Analysis:
Berachain is an emerging public chain focused on attracting users and developers through innovative blockchain technology and efficient ecosystem building. Its unique architecture and incentive mechanisms have quickly gained widespread market attention, becoming a significant player in the DeFi space.
Berachain’s rise to sixth place in the chain TVL rankings is primarily due to the rapid development of DeFi protocols within its ecosystem and users pursuing high-yield opportunities. With more projects and capital flowing in, Berachain is poised to challenge higher-ranked public chains.
MULTIPLE PARTIES HELP BYBIT SUCCESSFULLY FREEZE $42.89 MILLION IN STOLEN FUNDS
Bybit announced on X platform that through close collaboration with multiple institutions, they successfully froze $42.89 million in stolen funds within one day. This action received strong support from multiple institutions including Tether, THORChain, ChangeNOW, FixedFloat, Avalanche Ecosystem, CoinEx, Bitget, and Circle.
Source: Bybit
Analysis:
Bybit’s successful freezing of tens of millions in stolen funds demonstrates the blockchain industry’s efficient collaborative capability in addressing security threats. Multiple institutions including Tether, THORChain, and ChangeNOW responded quickly, recovering huge losses through blacklist blocking, asset freezing, and providing key clues.
Security is the lifeline of financial institutions. On one hand, this action reflects industry unity and provides new strategies for handling exchange crypto asset theft. On the other hand, exchanges must strengthen their own user asset security protection to prevent user asset losses.
PUMP.FUN TRADING VOLUME DROPS SIGNIFICANTLY, DOWN OVER 64% FROM JANUARY PEAK
According to DefiLlama data, pump.fun’s daily trading volume was $137.25 million yesterday, down 64.83% from its historical peak of $390.3 million on January 24. Meanwhile, the platform’s protocol fee revenue yesterday was $1.75 million, a significant 88.62% decrease from its peak of $15.38 million on January 25.
Source: DefiLlama
Analysis:
pump.fun is a meme coin issuance and trading platform based on the Solana blockchain, focusing on providing users with fast, low-cost meme coin creation and trading services. In January, the launch of TRUMP Coin drove prosperity in meme coin trading on the pump.fun platform, pushing its trading volume and protocol fee revenue to historical highs.
Source: pump.fun
However, the recent significant decline in pump.fun’s platform trading volume may be related to the rise of meme coin fever on BNB Chain. Decentralized exchanges (DEXs) in the BNB Chain ecosystem, such as PancakeSwap, have attracted substantial liquidity and users, diverting some meme coin trading activity from the Solana ecosystem.
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