LianGuaiWeb3.0 Daily | LianGuai Launches Cryptocurrency to USD Exchange Service

LianGuaiWeb3.0 Daily | LianGuai Launches Crypto-to-USD Exchange Service

DeFi Data

1. Total Market Cap of DeFi Tokens: $41.8 billion

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DeFi Total Market Cap and Top 10 Tokens Source: coingecko

2. 24-hour Trading Volume on Decentralized Exchanges: $3.442 billion

24-hour Trading Volume on Decentralized Exchanges Source: coingecko

3. Locked Assets in DeFi: $37.35 billion

Data Source: defillama

NFT Data

1. Total Market Cap of NFTs: $13.408 billion

Total Market Cap of NFTs and Top 10 Projects Source: Coinmarketcap

2. 24-hour NFT Trading Volume: $1.209 billion

24-hour NFT Trading Volume and Top 10 Projects Source: Coinmarketcap

3. Top 10 NFTs in the Last 24 Hours

Top 10 NFTs Sold in the Last 24 Hours Source: NFTGO

Headline

LianGuaiyLianGuail Launches Cryptocurrency to USD Exchange Service

LianGuai reports that payment company LianGuaiyLianGuail is adding more cryptocurrency-related services. Following the launch of its “Deposit” service that allows customers to purchase cryptocurrencies, it is now launching “Withdrawal” service to enable users to seamlessly convert digital currencies to USD.
In a statement, the company said, “By adding LianGuaiyLianGuail Off Ramps, US cryptocurrency wallet users can convert their cryptocurrencies directly from their wallets to USD into their LianGuaiyLianGuail balance, so they can shop, send, store, or transfer to their bank or debit card.”
LianGuaiyLianGuail Off Ramps are now available for wallets, dApps, and NFT markets and have been launched on MetaMask today.

NFT/Digital Collectibles Highlights

1. CNA Insurance Excludes NFTs from $20 Million Trust Policy

LianGuai reports that CNA Financial, the seventh-largest commercial insurance company in the US, has excluded NFTs from its $20 million policy for Schwab Strategy Trust. In the filing submitted to the US Securities and Exchange Commission (SEC), the insurance company added an exclusion clause stating that the policy does not cover any “loss, damage, claim, event, or lawsuit related to NFTs.
The document defines NFTs as “any unique digital identifier associated with any digital ledger technology that can be used to verify the authenticity or ownership of anything, including but not limited to any digital, tangible, or intangible item, but excluding any similar items.” According to the attached section of the policy, any losses related to NFTs will not be covered by the insurance company. However, although NFTs are excluded from the policy, the document also clarifies that “cryptocurrencies” are not included in the definition of NFTs.

2.Oasys announces cooperation with αU Wallet and αU Market to allow users to trade NFTs on αU Market

LianGuai reports that Oasys, a blockchain-based game development platform, will collaborate with NFT marketplace αU Market and cryptocurrency wallet αU Wallet (one of Japan’s three major telecommunications companies, KDDI’s cryptocurrency wallet) to allow users to trade NFTs on αU Market.

DeFi Hot Topics

1.Coinbase CEO: Flatcoins are the next generation of stablecoins

On September 12th, Coinbase CEO Brian Armstrong believes that Flatcoins (stablecoins that track inflation rates) are the next generation of stablecoins. Armstrong recently stated that this is a new thing that is about to emerge, and several teams are researching this issue. We have not yet established something in this field, but we are very interested in it.
Flatcoins are designed to be consistent with inflation, not tied to currency or assets. Some people believe that by tracking inflation, Flatcoins can provide better value preservation than stablecoins, thereby offering better investment returns.

2.Ethereum client Geth releases version V1.13

On September 12th, Ethereum Go language client Go Ethereum released Ethereum client Geth V1.13. This version provides a new database model for storing Ethereum states, which is faster than previous schemes and has been properly pruned.
Geth will continue to support the old data model (in addition, it will temporarily remain the default) and can also be manually switched to the new model (when asked, delete the state database but keep the old database).

3.Cryptocurrency payment company Wirex and Polygon CDK create new application chain W-LianGuaiy

LianGuai reports that cryptocurrency payment company Wirex is collaborating with Polygon CDK to create a new application chain W-LianGuaiy focused on payments. By leveraging the blockchain toolkit Polygon CDK, Wirex aims to enhance the performance and security of its payment system. The new Wirex application chain will use Wirex’s token WXT for transactions.

4.Google Cloud oracle has been launched on LayerZero

On September 12th, Google Cloud oracle was launched on LayerZero. Google Cloud oracle is a dedicated validator that is now available for all LayerZero applications and will be configured as the default on September 19th.
This means that by default, every message in LayerZero will utilize the secure infrastructure operated by Google Cloud oracle. Google Cloud will verify the validity of each message in LayerZero by default.

5.AAVE community initiates proposal to add KNC to Aave V3 on Ethereum

LianGuai reports that the AAVE community has initiated a proposal to add KNC (Kyber Network Crystal) to Aave V3 on Ethereum. The proposal aims to list the KNC token as a collateral asset in the Ethereum market isolation mode of Aave V3, allowing KNC holders to borrow stablecoins by leveraging their KNC positions, thus attracting KNC deposits.

Gaming Hot Topics

1.zkSync on-chain game ecosystem Tevaera to integrate LayerZero’s full-chain NFT standard

September 12th news, the zkSync blockchain game ecosystem Tevaera will integrate LayerZero’s full-chain non-fungible token (ONFT) standard for the cross-chain functionality of its NFT marketplace. Tevaera’s NFTs will support ONFT transfers between zkSyncEra, Arbitrum, and Linea.

2. Web3 game studio GamePhilos completes $8 million seed round financing

According to LianGuai, Web3 game studio GamePhilos announced that it has raised $8 million in seed round financing. The new studio plans to use this funding for a new free mobile/PC strategy game called “Age of Dino”. Xterio Ltd, Animoca Ventures, SevenX Ventures, and Chain Hill Capital led the round, with follow-on investments from Hashkey Capital, Sanctor Capital, Game7, Bas1s, GSR, and GSG Ventures.
It is reported that the founding members of the studio include former members of NetEase, Zynga, FunPlus, and ByteDance. The Age of Dino game will be built on the Xterio Foundation platform. It will adopt Web3 integrations such as NFT ownership and in-game economy.

Disclaimer: LianGuai, as a blockchain information platform, publishes articles for informational purposes only and does not constitute actual investment advice. Please establish correct investment concepts and be sure to increase risk awareness.

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