Bradley Keoun is the managing editor of CoinDesk's Tech & Protocols team. He owns less than $1,000 each of several cryptocurrencies.
Airdrops are supposed to be free money; that's why there were a lot of complaints about LayerZero's"pay-to-claim" distribution last week of its ZRO tokens. A 10-cent fee per token might not seem like too much to complain about, but it was.More than $100 million of blockchain project fundraisings: Ora, Allora Labs, Conduit, ZKX, Enso, Farworld Labs.
NEAR Protocol, a layer-1 blockchain, has seen its total value locked – a crucial measure of user deposits – triple during the first half of 2024, to about $325 million, according to a new "Recent surges in transaction volume and new user growth have further cemented NEAR’s position as a strong contender to the EVM-centric narrative that continues to dominate most DeFi discussions," the report reads. EVM stands for"Ethereum Virtual Machine," which is essentially the blockchain operating system that Ethereum-based and Ethereum-compatible smart contracts rely on.
But a closer look shows that just three applications on NEAR account for some 72% of the TVL, according to Flipside – Burrow, a non-custodial lending and borrowing platform; Meta Pool, a multichain liquid staking platform; and LiNEAR, a protocol that enables users to create and trade synthetic assets.
"To maintain and expand its current growth trajectory, NEAR will need to attract and foster a more diverse on-chain ecosystem and make more tangible steps towards achieving a more multichain future," according to Flipside."This includes supporting a wider array of apps and services beyond its current flagships and successfully driving more cross-chain bridging activity.
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