【4/4(Fri)Top 10 Major web3 News】Pectra upgrade mainnet rollout scheduled for May 7 / Babylon 600 million BABY tokens to be airdropped etc..
Today's major news in 5 minutes!
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Mitsui from web3 researcher.
News summaries will be updated at 6:00 p.m. on weekdays.We hope you will find it useful in gathering information throughout the day.
PayPal Launches Native Solana and Chainlink Support for US Territory Users
Ethernet developers aim for May 7 mainnet rollout of Pectra upgrade
Fidelity's Spot Solana ETF nears approval as SOL falls 15% amid Trump tariff turmoil
Analysts Claim Post-Tariff Bitcoin Market is a Buying Opportunity
Blackrock Completes Registration of Crypto Asset Operator in the UK
Clanker Team Earns $13 Million in Revenue from Over 200,000 Tokens on Base in Just 5 Months
🇺🇸PayPal Launches Native Solana and Chainlink Support for US Territory Users
PayPal Expands Cryptocurrency Offerings to Include Solana and Chainlink within the United States and Related Territories
Previously, SOL and LINK were only accessible by payment processors through a partnership with MoonPay
🟦Ethernet developers aim for May 7 mainnet rollout of Pectra upgrade
Ethereum Developers Set May 7 as Target Date for Pectra Upgrade to Go Live on Mainnet
Mainnet rollout includes 11 changes based on Ethereum improvement proposal
📉Fidelity's Spot Solana ETF nears approval as SOL falls 15% amid Trump tariff disruption
The Securities and Exchange Commission has approved Fidelity's application for a spot solana ETF.
This is one step closer to approval of the product
Solana, the seventh largest virtual currency by market capitalization, fell 15% amid the overall market decline due to President Donald Trump's tariffs
🟩0x's DEX aggregator Matcha expands to Solana with cross-chain support, allowing users to avoid meme coin lag pullPlans
Matcha Extends Ethereum Compatible Blockchain to Solana, Including Cross-Chain Support
Also introduces anti-malicious token feature to help users avoid the dangers of meme coin ragpicking
Matcha expects most DEXs and aggregators to support Solana by year-end
🟧Bitcoin DeFi Protocol Babylon to Airdrop 600 Million BABY Tokens in Upcoming Token Generation Events
Babylon Foundation allocated 6% of the total BABY supply to early backers, including Phase 1 stakers and GitHub contributors
According to the Babylon Dashboard, the protocol has over 51,906.76 BTC of confirmed user deposits, valued at over $4.2 billion
💡Cardano Foundation Launches Veridian, a "Quantum Resistant and Globally Interoperable" Digital Identity Platform
Cardano Foundation Launches Veridian, a Digital Identity Platform Using Open Source Tools to Verify Identity and Authenticate Online Communications
Veridian uses an open source "Key Event Receiving Infrastructure" (KERI), distributed identifiers, and "Authentication Chain Data Container" (ACDC) credentials to verify identity and authenticate online communications.
Along with Veridian, the Veridian Wallet was released to allow users to manage their credentials, private keys, and identifiers
📈Analysts Claim Post-Tariff Bitcoin Market is a Buying Opportunity
Two analysts say President Donald Trump's tariff attacks may have calmed some of the uncertainty in the digital asset markets, especially bitcoin
Despite rumors of reduced volatility due to institutional interest, Thomas Pfumo, global economist at Kraken, believes significant price volatility will continue until "adoption matures"
🇬🇧BlackRock completes registration of crypto asset operator in the UK.
BlackRock International, the UK division of BlackRock, received approval from the Financial Conduct Authority (FCA), the UK regulator, to register as a crypto asset operator as of April 1.
This allows BlackRock to officially conduct certain business activities related to crypto assets in the UK.
According to public information from the FCA, BlackRock International will assume certain trading arrangement activities as a crypto asset operator for iShares Digital Assets, a Zurich, Switzerland-based issuer of exchange-traded products (ETPs) for crypto assets.The company will be responsible for
🟥Nonco Launches FX On-Chain, FX Protocol on Avalanche.Aims to Streamline FX Market with Stablecoin and Smart Contracts.
Nonco, a U.S. company offering digital asset trading for institutional investors, announced the April 3 launch of "FX On-Chain," a foreign exchange (FX) protocol built on Avalanche.
FX On-Chain" is built on Avalanche's C-Chain.
The new offering enables automatic conversion between USD-denominated storable coins such as USDC and USDT and local currencies such as Mexican pesos and Brazilian reals, enabling approximately 5% cheaper international remittances and transparent cross-border payments.
🧵Pickup:Clanker team earns $13 million in revenue from over 200,000 tokens in Base in just 5 months.
🌱News Overview
Clanker, a crypto asset token generation platformon Coinbase's Layer 2 blockchain, Base,In just five months, more than 200,000 different meme coins have been generated.
Transaction fees from these tokens have reportedly earned the Clanker team a cumulative total of approximately $13 million.
The cumulative trading volume of tokens issued by Clanker has reached approximately $2.7 billion, with an overall market capitalization of approximately $150 million, making it one of the most high-profile projects on the Base chain.
This event has generated a great deal of excitement, especially among the on-chain community and DeFi investors, who are discussing both interest and concern over the rapid growth and profitability of the project.
📗 Assumptions
What is Clanker?
Clanker is an automatic token generation platform (bot) born from the decentralized social networking site Farcaster.
When a user calls Clanker on Farcaster and submits a token name or concept, Clanker instantly generates and deploys the ERC-20 token on the Base chain automatically.This fully automated mechanism has proved so popular with users that hundreds of thousands of meme tokens have been generated in a short period of time.
Particularly successful tokens included "$LUM" and "$ANON" in which Vitalik Buterin showed interest, and the buzz around these tokens further increased Clanker's profile.
What is the Base chain?
Base is an Ethereum layer 2 network developed by Coinbase, leveraging Optimism's technology stack.Since its launch in August 2023, Base has rapidly increased its user base on the strength of low fees and fast transactions.
👀 Noteworthy, detailed explanation
Clanker's revenue model and success factors
Clanker's revenue structure is such that it collects a swap fee (1%) for each token transaction, 60% of which is received by the Clanker management team and the remaining 40% by the user who requested the token generation.Token generation itself costs very little, and the system is ready to market immediately with only a small gas fee.
Factors contributing to its success include
Automated token generation: The convenience of having tokens listed on the market instantly with a simple message on Farcaster attracted users.
Transaction fee revenue model: A model that generates revenue from many small amounts at a time by deploying many tokens, which has generated explosive profits in a short time.
Transparency through liquidity lock: The design of permanent liquidity lock for issued tokens, creating a mechanism that makes traditional "rag-pull" type fraud difficult, hasincreased user confidence.
User response and concerns
User reaction has been mixed.While some are positive about the fun of easily generating tokens and the speculative appeal of getting rich quick, many are also concerned about "market confusion caused by the overproduction of worthless meme tokens," making the market environment extremely high-risk for investors.In addition, Clanker's popularity has prompted many similar projects to start imitating it, leading to fears of further market disruption.
📈 Future projections
Spread of similar schemes and increased competition
Clanker's success has prompted the creation of many late-stage projects, and it is likely that similar token generation platforms will proliferate across multiple chains in the future.However, increased competition will likely disperse market interest and make it harder to generate the explosive revenues that are currently available.
Impact on the Base chain
While Base has gained some temporary buzz due to the popularity of Clanker and its increased trading volume, it has also reinforced the negative image of a "low-quality meme token market." It is unlikely that Coinbase will allow this situation to continue and may introduce some level of regulation and oversight.
Trends in the meme coin market and possible regulation
Meme coin booms repeat themselves in regular cycles, but increased regulatory scrutiny could lead to stricter measures, especially with regard to malicious and fraudulent tokens.The longer the speculative frenzy continues, the greater the regulatory risk, so the boom may subside in the long run.
However, there is no denying the possibility that token generation technologies such as Clanker and the socially connected model itself will evolve further and take root in the market in a healthier form.Users and investors will continue to be required to exercise a high degree of caution and risk management.
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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mitsui
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*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.