tgoop.com/BinanceResearch/642
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Highlights 🧵:
1/ BlackRock's tokenized fund BUIDL has become the largest tokenized treasury fund just six weeks after its launch, capturing 30% of market share. Much of BUIDL's rapid growth has been attributed to Ondo Finance, whose $50M inflow last week brings its total contribution to $140M. Overall, the on-chain tokenized fund landscape has seen steady growth, with a QoQ increase of 42% in Q1 2024.
2/ MicroStrategy has introduced the Orange protocol, using Ordinal-like Inscriptions to anchor digital IDs on Bitcoin. Separately, Tether has invested $200M to acquire a majority stake in Blackrock Neurotech, a company specializing in brain-computer interfaces.
3/ EigenLayer has announced its highly anticipated token launch. 15% of $EIGEN has been earmarked to be distributed to ecosystem participants over multiple seasons. The airdrop, however, faced some criticism due to non-transferable tokens at launch and restrictions excluding users from certain countries.
BY Binance Research
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