Saga Mainnet 2.0 Launches with Uniswap v3, Promising Gasless Trading and Unified Liquidity

Daily Top Performer — Ripple (XRP)

The S&P 500 dropped 0.39%, with most sectors declining. Nvidia and Broadcom fell, while Tesla gained. Investors await a Fed rate cut amid inflation concerns. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 3.89%, with Bitcoin rising by 0.80% and Ether dropping by 2.90%, in the past 24 hours.

Today's top performer is XRP, which surged 3.3% following the global launch of Ripple USD (RLUSD), setting new standards for stablecoins.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. Ripple USD (RLUSD) launches globally on December 17, 2024, as a stablecoin backed by U.S. dollar deposits and government bonds. Initially available on platforms like Uphold and Bitso, RLUSD aims to set new standards for stablecoins with a focus on trust, utility, and compliance. It supports cross-border payments, DeFi integration, and financial use cases on both XRP Ledger and Ethereum.

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Talk of the Town

Saga has launched Mainnet 2.0, which transforms blockchain economics by addressing liquidity challenges and eliminating gas fees for users. The upgrade lays the groundwork for the Liquidity Integration Layer (LiL), set to launch in Q1 2025, creating a unified liquidity environment across blockchains. Saga also partners with Uniswap, deploying Uniswap v3 on its multichain protocol for gasless trading, enhancing accessibility to decentralized finance (DeFi). Saga’s unique tokenomics model removes gas fees, simplifies cross-chain asset movement, and enables true interoperability, marking a significant shift in blockchain operations.

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Bitcoin Spot ETF Flows

Yesterday, BTC Spot ETF flows recorded a total outflow of $247.5M, comprising $84.7M from GBTC and $162.8M from non-GBTC funds.

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Airdrop to Watch

Fuel is launching its Genesis Drop, offering 1 billion FUEL tokens (10% of the total supply) to over 200,000 eligible addresses. Tokens can be claimed from Dec 19, 2024, to Jan 19, 2025. Additionally, 20% of the total FUEL supply is allocated to the community, with 10% for the Genesis Drop, 5% for community expansion, and 5% for future incentives. Users are advised to beware of impersonator accounts.