Token Burning

Aptos (APT) defies bearish expectations, soaring 20% after releasing $200 million worth of tokens. Strong partnerships and investor trust contribute to its impressive resilience.

The MUNGER token, initially soaring 31,000% post-Charlie Munger's death, has since crashed by 97.6%, underscoring the volatility of meme coins. Market activity and value have sharply declined, reminiscent of similar trends in other memecoins. The fate of tokens inspired by Henry Kissinger's death remains uncertain, but investors should approach with caution.

Uniswap DAO addresses low participation by delegating voting power to seven representatives. The move hints at renewed interest in the crypto space. Despite recent launches, Uniswap faces governance challenges amid rapid growth.

Reddit administrators are taking a step towards decentralisation by "renouncing the Moons contract" and concurrently initiating a token burn to reduce the overall supply.

Blur's token had already been on a price surge, climbing from $0.15 to $0.27 over about three weeks, marking an 80% gain. However, things took an interesting turn when rival marketplace OpenSea announced a 50% reduction in its workforce. The news gave Blur's token an additional boost, increasing by 30%.

Active AXS addresses were at a three-month high last week, and token prices surged more than 15 per cent.

Blockchain security experts are raising concerns about the Safereum project's developers, who have reportedly sold off a significant amount of their native token after the project successfully concluding a $600,000 fundraising campaign.

Upland, a blockchain-based real estate game, secured $7 million in a recent funding round, with EOS Network Ventures leading the way.

Experts weigh in on what needs to improve in DeFi- and why its still around despite its flaws.