After the proliferation of chains, integration and oligopoly will progress

Thank you again for this week!

Good morning.
This is Mitsui, a web3 researcher.

Every Saturday is a weekly review article. If there are any articles you haven't read yet, please take a look when you have time on the weekend!

Research Articles of the Week

42 Projects Funded from 2/24 to 3/1 [Weekly Web3 Fundraising NEWS]

【SyFu】A web3 wallet equipped with GameFi that digitizes the value of payment data / NFT grows and earns tokens through payment data linkage / @syfuofficial

【Blast Ecosystem】Introducing the winners of the Blast Big Bang Dapp Contest, 47PJ, and the top 10 Defillama TVL @Blast_L2

【Virtual Protocol】Decentralized Virtual AI Generation Factory Protocol / Co-creating Virtual AI and integrating it into Dapps with SDK for reward distribution / @virtuals_io

【PlayMakers】Provides an API to transform game players into creators / UGC submissions from users, in-game use, and monetization are possible / Raised $1.5 million in seed funding / @PlayMakersco

【PicTrée】Real-time utility pole photography team battle / Earn rewards by photographing utility poles and manholes / DePIN project to solve social issues / @pictree_dea

Please have a look because all of these are interesting!

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Top 3 news that caught my attention personally

Bitcoin Staking Protocol 'Babylon' launches Testnet

• The testnet of the protocol 'Babylon' that enables staking of Bitcoin has launched

• This time, 'Babylon' was launched on Bitcoin's testnet 'Signet'

• The testnet of 'Babylon' is open to the public, and BTC holders can test BTC staking using the same protocol

MagicEden stands at the top of the NFT marketplace due to the support of BTC's Ordinals

• Currently, Magic Eden is the top marketplace in terms of trading volume, with about $44.7 million worth of trades in the last 24 hours, which accounts for nearly 38% of the total NFT trades

• Next is Blur, which is exclusive to Ethereum, with $30.4 million and a share of about 26%

• In the past 24 hours, about 84% of Magic Eden's trading volume came from Ordinals sales, with the Solana marketplace accounting for about 13%, and the newly launched Ethereum marketplace capturing the last 3% of the total

DeFi TVL breaks $100 billion for the first time since May 2022

• The TVL in DeFi protocols has exceeded $100 billion for the first time in nearly two years

• Of this, lending accounted for $32.62 billion (32.2%), DEX for $19.97 billion (19.7%), debt collateral positions for $12.22 billion (12%), and staking for $10.06 billion (9.9%)

• The last time DeFi's TVL exceeded $100 billion was on May 11, 2022

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After the proliferation of chains, integration and monopolization will progress