Starknet Extends $52 Million DeFi Spring Campaign with 90 Million STRK Tokens

Daily Top Performer — Magic Eden (ME)

The S&P 500 fell 0.3%, with most sectors declining as investors awaited inflation data that could influence Fed policy. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.38%, with Bitcoin rising by 0.33% and Ether dropping by 1.77%, respectively in the past 24 hours.

Today's top performer is ME, which surged 36.93% following the launch of Magic Eden's ME token to boost cross-chain engagement and user rewards.

Magic Eden (ME), launched in September 2021, is the largest NFT marketplace on the Solana blockchain, allowing users to buy, sell, mint, and manage tokens. Magic Eden launched its native token, $ME, on December 10, 2024, with a 1 billion supply cap. The token aims to enhance user engagement and support cross-chain activities across Solana, Bitcoin, and Ethereum. Users can claim tokens through the Magic Eden app and earn rewards by staking $ME and completing cross-chain tasks. The token is unavailable to U.S. residents due to regulations.

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

Talk of the Town

Starknet has extended its DeFi Spring campaign with a $52 million incentive program, offering up to 90 million STRK tokens to protocols and users contributing to its DeFi ecosystem. The initiative continues until the STRK budget is exhausted and rewards liquidity providers. The second round of the program, which began in July, has a budget of 50 million STRK, bringing the total to 90 million. Participating protocols, including DEXs, lending platforms, and others, will receive bi-weekly incentives based on performance, with NFTs awarded to users based on their STRK earnings.

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

Bitcoin Spot ETF Flows

Yesterday, BTC Spot ETFs recorded a net inflow of $142.9 million, driven by $205.7 million from non-GBTC sources, offset by a $62.8 million outflow from GBTC.

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

Airdrop to Watch

Rivalz Network announced its Airdrop Checker and TGE dates for January 2025. To qualify for the free airdrop, users must run the "OCY DEPIN" app and earn points. Additional points can be gained by completing tasks in "NOSTRINGS," minting daily NFTs in "FRAGMENTZ," and completing Galxe quests.