Mahe, Seychelles, December 24th, 2024,
Chainwire
On December 24, 2024, the BYDFi crypto exchange officially
launched new tokens, including PENGU, HYPE, UFD, and
USUAL.
These are different Memecoins and DeFi tokens, enriching the
categories of assets on the platform and giving global users more
investment opportunities.
UFD's Surge, PENGU on Hot List with $1.8B Market
Cap
UFD, or
Unicorn Fart Dust, is a meme coin in the Solana
ecosystem that has been growing with the tag of a "social
experiment." A 54-year-old gold and silver trader was inspired to
create his own meme token, UFD, based on Fartcoin, which had a
market cap of $500 million. The creation of UFD symbolizes the
innovative trend of the cryptocurrency market as well as the
openness of the industry towards investors cutting across all age
groups.
From GMGN data, on December
19th, UFD market cap has already passed $230
million , the 24-hour price increase was at
434%, and a 24-hour trading volume of
$145.4 million.
According to Onchain Lens, one address that bought UFD early on
changed $700 into $1.8 million in
less than 7 hours. According to Lookonchain, a trader bought
12.98 million UFD tokens for 0.4
SOL two days ago. During the price spike, the trader sold
over 80,000 UFD tokens twice, netting
$4,500 while holding 12.9 million
tokens in their account.
PENGU is
the official token created by the Pudgy Penguins
project, which contains 8,888 unique cartoon penguin NFTs.
Each NFT generates randomly assigned qualities through the use of
up to 150 hand-drawn components. These penguins have up to five
different features, such as distinctive backgrounds, body shapes,
clothes, and accessories.
PENGU is launched on the Solana blockchain in
December 2024 with a total of 88,888,888,888
tokens. The overall market cap has crossed $1.88
billion, and the 24-hour trading volume is $360
million, with 62.86 billion tokens in
circulation. The project intends to propel Web3 innovation through
the Abstract public blockchain and developer incubator, and it has
the support of the robust NFT community of Pudgy Penguins. Abstract
recently raised $11 million, majorly coming from
Peter Thiel's Founders Fund, and hence offers a
lot of support towards developing the PENGU ecosystem.
On-Chain Speed and Stable Ecosystem: Dual Innovations of
HYPE and USUAL
HYPE is
the native token of the decentralized derivatives protocol
Hyperliquid and is the core asset of the high-performance L1
platform. With a latency of less than one second and complete
transparency in its order book, trading, and settlement,
Hyperliquid focuses on totally on-chain operations. The Hyperliquid
platform is a rising leader in the DeFi industry, with a total
asset value of $2.173 billion, according to
DefiLlama data.
HYPE's price has increased in 1345% since it
was launched from $2 to $28.91. The 24-hour trade
volume for HYPE has now surpassed $15 billion,
according to data by @HyperliquidX, which marks a new
record.
USUAL is
the native governance token of the Usual protocol. It aims to
create a secure and efficient stablecoin ecosystem backed by
real-world assets, or RWA. Among its core functions are:
- Governance: Transparency in decentralized
governance and community leadership is ensured by allowing holders
to take part in crucial protocol decisions like earnings
distribution and collateral management.
- Yield: The users can benefit from the RWA
investments of the protocol with yields on US Treasury bonds by
staking USUAL.
- Stablecoin Ecosystem: supports the main
products of the protocol, being USD0, a
stablecoin, which RWA supports and USD0++, a
variant of liquid staking, and holders can share revenue via
management or staking.
It also ties the issuance of USUAL tokens to total value locked,
where increases in TVL reduce the token supply, thus constituting a
deflationary mechanism that can boost long-term
value. As of December 18, USD0 minting was seen reaching a
record-breaking 190 million units with the total
supply rising beyond 1 billion units netting 136 million
units. It can be established that the high level of
capital attraction of the Usual procedure is by reaching the
Treasury revenue of $5.89 million. The increase of
USD0 and USD0++ will enhance TVL by raising USUAL's scarcity and
value appreciation. At the moment of writing, the token's price is
$1.39, up 34.2% over the previous
day. At $838,695,117, the trade volume is more
than it has been in the past.
Meanwhile, BYDFi has simultaneously launched
additional tokens, including FUEL, VANA, SEND, and ARCSOL.
Users can visit the BYDFi official
website or the BYDFi
app to stay updated on the latest market trends and
detailed information about these tokens.
About BYDFi
Founded in 2020, BYDFi is considered among the top 10
best crypto exchanges around the world according to
Forbes, and trusted by millions of users all over the world. It
currently supports more than 600 tokens for spot trading, with
options for leverage from 1x to 200x to suit every investment
strategy. Besides, BYDFi has also simplified the procedure of
buying cryptocurrencies by working with world-class payment service
providers like Banxa, Transak,and
Mercuryo, enabling its users to purchase coins at a low cost.
In the future, the upcoming "BYDFi Copy Trading" feature
will automatically suggest the top traders according to the user's
risk tolerance and account assets. Users can easily activate the
copy trading mode using only a tap and replicate professional
traders' strategies. BYDFi aims to provide a world-class crypto
trading experience for its users.
Contact BYDFi
For inquiries and support, users can reach them via the
following:
Twitter( X ) | LinkedIn | Facebook | Telegram | YouTube
Contact
Senior Marketing
Director
Chloe
BYDFi
Fintech
LTD
chloe@bydfi.com
