EtherVista's VISTA Token Soars with Rugpull-Resistant Launchpad Features

Daily Top Performer — Sui Network (SUI)

The SPX index was down by 0.3%, as mixed labor data raised concerns about the economy and potential Fed rate cuts. Weak private payroll growth contrasted with a decline in unemployment claims, leaving investors uncertain ahead of the August jobs report. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.24%, with Bitcoin and Ether dropping by 3.52% and 3.57%, respectively in the past 24 hours.

Today's top performer is SUI, which surged 4.1% following the AUSD stablecoin launch on Sui, boosting its DeFi ecosystem and liquidity.

Sui Network (SUI), launched on May 3, 2023, is a Layer 1 blockchain designed by Mysten Labs to enhance web3 functionality and scalability, focusing on smart contract efficiency and NFT gaming development. The project is led by former Meta executives from the Novi digital wallet team. Agora’s AUSD stablecoin has launched on the Sui blockchain, enhancing Sui’s DeFi ecosystem with its first institutional-grade US dollar stablecoin. AUSD, already successful on Ethereum and Avalanche with nearly $60M minted and high daily DEX volume, adds utility and liquidity to Sui. The integration leverages Sui’s scalable infrastructure, aiming to boost DeFi innovation and accessibility. AUSD’s deployment on Sui supports its growth and expands its global network and liquidity.

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Talk of the Town:

EtherVista, a new decentralized exchange (DEX) launched on August 31, has seen its VISTA token surge over 40x in four days. The platform’s whitepaper highlights its no-code token launchpad designed to reduce rugpulls with customizable creator fees that incentivize transaction volume. This approach helps prevent rapid sell-offs by malicious actors. The VISTA token, capped at 1 million and featuring a deflationary mechanism, benefits from protocol fees that reduce supply and bolster its value. EtherVista also plans to expand into ETH-BTC-USDC pools for lending and other financial services.

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Bitcoin Spot ETF Flows:

Yesterday, total outflows for BTC Spot ETFs reached $211.1 million, with $23.2 million from GBTC and $187.9 million from non-GBTC funds.

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Airdrop to Watch:

The Eigen Foundation behind Ethereum restaking protocol EigenLayer is launching a second "stakedrop" on September 17, distributing 86 million tokens to users and contributors. Of these, 70 million will go to stakers and node operators, 10 million to ecosystem partners, and 6 million to early community supporters and open-source contributors. The EIGEN token isn't yet available for trading, with a target to unlock it by September 30. EigenLayer allows users to restake Ethereum across multiple blockchains to enhance security and earn additional rewards.

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