The Grass decentralized network is set to launch its GRASS Airdrop One on October 28, 2024, distributing 100 million tokens to early supporters who meet specific criteria, while urging caution to avoid scams.

The Grass decentralized network has announced its GRASS Airdrop One, scheduled for October 28, 2024, at 13:30 UTC. This airdrop aims to reward early supporters and contributors by distributing 100,000,000 GRASS tokens, which constitutes 10% of the total supply. To qualify, users must have accumulated over 500 Grass Points and linked their wallets to the Grass dashboard by October 14, 2024.

The distribution will allocate 9% of the tokens to users who earned Grass Points during the Network Snapshot, with additional allocations for GigaBuds NFT holders and those who installed the Desktop Node or Saga Application.

Eligible participants will receive GRASS tokens to engage with the network through various means, including token buybacks, staking, rewards for contributions, and governance rights. However, claims for the airdrop are not yet live, and the Grass Foundation has advised caution to avoid scams, emphasizing that claims will only be processed through the official website, grassfoundation.io.

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Magic Eden Goes BeraChain + ApeChain🪄

Magic Eden has expanded its NFT platform to support Berachain and ApeChain, aiming for ten blockchains by year-end, while also planning to integrate the EVM-compatible Monad network upon its testnet launch.

Magic Eden, the Solana-based NFT platform, has expanded its blockchain support by adding Berachain and ApeChain as its eighth and ninth supported networks, respectively.

This move is part of the platform's goal to reach ten supported blockchains by the end of the year. A company spokesperson indicated that Magic Eden is also looking to integrate the EVM-compatible Layer 1 network Monad once it goes live on testnet. Berachain is notable for its "proof of liquidity" consensus mechanism and has two primary tokens, BGT and HONEY. The developer behind Berachain recently secured $100 million in Series B funding.

ApeChain, developed by Yuga Labs, serves as an infrastructure layer to enhance the ApeCoin (APE) ecosystem. As of 4:50 p.m. ET, APE was trading at $1.31, reflecting a 15.8% decrease in value over the past 24 hours. This expansion into new blockchains signals Magic Eden's commitment to broadening its offerings within the digital asset ecosystem.

Base Stablecoin Transfer Volume Dominates Chains Landscape🔺

Coinbase's Base Ethereum Layer 2 blockchain surpassed all others in one-day stablecoin transfer volume, capturing 30% of the market and highlighting its rapid growth and potential in the DeFi space.

On October 26, 2024, Coinbase's Base Ethereum Layer 2 blockchain achieved a significant milestone by surpassing all other blockchains in one-day stablecoin transfer volume for the first time. According to data from Artemis, Base accounted for 30% of the total stablecoin volume, eclipsing traditional leaders like Solana and Ethereum, which held 25% and 20% respectively. The majority of the transactions involved Circle's USDC, which made up over 62% of the volume, followed by Tether's USDT at nearly 30%, and DAI with a mere 7.4%.

Despite Solana leading in cumulative stablecoin volume for the year-to-date with $8.6 trillion compared to Ethereum's $6.1 trillion, Base has shown remarkable performance in October, narrowly outpacing Solana with a cumulative volume of $361 billion against Solana's $357.2 billion. This growth reflects the increasing traction of stablecoin products built on Base, as noted by Johnny_TVL, Base's Head of DeFi, who emphasized the platform's potential to enhance economic freedom through stablecoin innovations.

Arkham Adds Support For Solana☀️

Arkham has expanded its crypto data tracking services to support Solana, enabling users to analyze large fund movements and receive real-time trade alerts within the network.

Arkham, a crypto data tracking platform, has recently expanded its services to include support for the Solana blockchain. This addition allows users to access and analyze data related to large fund movements from specific wallets on Solana, enhancing their ability to monitor significant transactions within the network.

In addition to tracking fund movements, Arkham offers real-time trade alerts and various insights concerning Solana, which is currently the fifth-largest blockchain by market capitalization. This update aims to provide users with comprehensive tools for navigating the Solana ecosystem and staying informed about critical market activities.

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