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VCs Accumulated $OP & $DYDX | Crypto Daily Digest Aug. 25

VCs Accumulated $OP & $DYDX | Crypto Daily Digest Aug. 25

TokenInsightTokenInsight2023/08/25 13:15
By:TI Research

While the market is brutal for many tokens, some VCs seem start to accumulate

According to a well-known DeFi analyst, The DeFi investor, some VCs including Amber Group and CMS Holding started to buy the dip of $OP and $DYDX.

$OP has caught much attention recently due to the early success of Base, which is built using Optimism's OP Stack. Base's daily transaction even surpassed that of Arbitrum in recent days.

Base Records More Transactions than Arbitrum

In a cold market like now, Friend.tech on Base also not only brings crypto-native attention, but also attracts non crypto KOLs with millions of followers from X(Twitter) and onlyFans.

On the other side, $DYDX is set to release Dydx v4 in the coming months, which will come with a revenue-sharing model to enhance $DYDX token utility.

All Fees of dYdX v4 will go to Validators/Stakers, says Founder

Today's Market

VCs Accumulated $OP & $DYDX |  Crypto Daily Digest Aug. 25 image 0

VCs Accumulated $OP & $DYDX |  Crypto Daily Digest Aug. 25 image 1 Source: TokenInsight Gainers and losers

Headlines

Base and Optimism Enter into Revenue-sharing and Governance-sharing Agreement

Hong Kong: Studying Regulatory Framework for Digital HKD and Exploring Tokenization of Bank Deposits

HK HashKey Exchange in Talk with Brokerages to Connect Crypto Trading to Brokerage Platform

Other News in Case You Missed it:

Coinbase Adds PayPal USD ($PYUSD) to Listing Roadmap

Aave Pauses $GHO Minting due to Technical Issue

Mastercard to Terminate Crypto Card Partnership with Binance

Ledn Provides Compliant Path to Cayman Islands Permanent Residency through Crypto

Side Protocol Integrates with Injective to Unlock Mesh Liquidity Networks

$LDO to Complete Final Token Unlock on August 26

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VCs Accumulated $OP & $DYDX |  Crypto Daily Digest Aug. 25 image 3

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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