Etherlink L2 Launches with $3M Rewards to Boost DeFi and Developer Growth

Daily Top Performer — Kaito (KAITO)

The S&P 500 rose 0.01% on Wednesday, snapping a four-day losing streak. Investors are digesting Nvidia’s strong earnings and guidance, while broader market sentiment remains cautious amid trade policy concerns. Gold holds near $2,920, supported by tariffs but capped by Fed policy. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 6.39%, with Bitcoin and Ether dropping by 4.28% and 6.99%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.

Today’s top performer is KAITO, which surged nearly 41.7% after Kaito AI launched staked $KAITO voting for Pre-TGE projects on the Yapper Launchpad.

Kaito (KAITO), founded in 2022, is an AI-powered crypto search engine that indexes web3 sources like Twitter, Discord, and research papers. It filters noise using AI to provide accurate community sentiment insights. Subscription costs $1,099/month. Kaito AI has launched voting for nine new Pre-TGE projects on the Yapper Launchpad, with staked $KAITO (sKAITO) voting now live. Users can connect multiple wallets to participate, and sKAITO holders share 50% of the total vote alongside Genesis NFT holders. Wallet balance updates may take up to an hour as optimizations are ongoing.

Check Out the Latest Prices, Charts, and Data of KAITOUSDT Perp Contracts!

Talk of the Town

Etherlink, Tezos' first layer-2 blockchain, has officially launched after completing beta testing, unveiling a $3 million incentive program called Apple Farm to reward user engagement in DeFi. Announced at ETHDenver 2025, the initiative includes a Builder’s Program to attract developers, alongside the recent Bifröst upgrade and integrations with platforms like Superlend and uranium.io. With a points-based rewards system, Apple Farm encourages on-chain activity, reinforcing Etherlink’s growing ecosystem. Waitlists for both programs are now open.

Check Out the Latest Prices, Charts, and Data of XTZUSDT Perp and XTZ/USDT Spot Contracts!

Bitcoin Spot ETF Flows

Yesterday, BTC spot ETFs had a total outflow of $336.5M, with GBTC losing $22.7M and non-GBTC funds shedding $313.8M.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot Contracts!

Airdrop to Watch

RateX has partnered with Fragmetric to let users earn points for both the Fragmetric and RateX airdrops by depositing FragSOL or FragJTO. Until March 24, deposits receive a 5X points boost, dropping to 4X afterward. Users can deposit through the RateX "Earn" page and withdraw anytime. As a Solana Foundation grant recipient, RateX continues to innovate in DeFi.