Analyses
Daily News Summary 6/9
September 6, 2024
EigenLayer's Latest Airdrop
The EigenLayer restaking platform has announced plans to distribute 86 million EIGEN tokens as part of its second stakedrop round. The allocation will be given to various participants, including stakers, node operators, ecosystem partners, and community members who were active between March 15 and August 15. The distributed tokens will represent approximately 5% of the fully diluted supply.
Livepeer Performs Well
At the large-scale Burning Man event in Nevada, the webcast team used the Livepeer decentralized video streaming project for live broadcasting. The team found that Livepeer offered a more reliable and cost-effective solution compared to traditional cloud providers. By using Livepeer Studio’s decentralized video infrastructure, they were able to provide a seamless stream of the event to a global audience.
Japanese Megabanks Test Stablecoin Transfer System
Three of Japan’s megabanks—MUFG, SMBC, and Mizuho—are set to test an international stablecoin transfer platform aimed at facilitating faster cross-border settlements for businesses. The project will be operated by blockchain startup Progmat, in collaboration with Datachain and TOKI, to test cross-chain transactions. The platform will utilize the existing SWIFT API framework for integration.
Sonic Plans Node Sales
Sonic SVM, a gaming project on the Solana blockchain, has announced the development of its own framework, HyperGrid. To fund this initiative, Sonic plans to leverage the growing fundraising method of node sales. The sale of HyperFuse nodes is scheduled to begin in mid-September.
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