Real Estate Trading Protocol Parcl Launches PRCL Tokens on Solana

Daily Top Performer — Near Protocol (NEAR)

The SPX index is down 0.21%, this comes as Fed Chair Jerome Powell indicated the need for more inflation progress before considering rate cuts. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 0.97% and 0.46%, respectively in the past 24 hours.

Today’s outperformer is NEAR, which jumped 4.2% after Aurora launches Forwarder for simplified asset transfers from CEXs to NEAR Protocol.

Near Protocol (NEAR), launched on April 2020, is a decentralized platform using sharding for efficient app development and operation, similar to Amazon Web Services but with a distributed network and its own cryptocurrency, NEAR token. Aurora, on the NEAR Protocol, has launched the Forwarder, a tool that enables easy transfer of NEP-141 tokens like USDC, USDT, and NEAR from centralized exchanges to Aurora Mainnet and other virtual chains. This tool addresses the challenge of CEX limitations, enhancing interoperability and easing developer access to blockchain networks. Additionally, Aurora offers an event called "Aurora Adventures" on Zealy, with a $10,000 reward pool, and the Aurora Pass, which facilitates seamless connectivity and zero gas fees within its ecosystem.

Check Out the Latest Prices, Charts, and Data of NEARUSDT Perp and NEAR/USDT Spot!

Talk of the Town:

The Solana-based real estate trading protocol Parcl has distributed 800 million PRCL tokens, following its last airdrop snapshot on April 8. Early adopters received 75 million tokens, with an additional 5 million designated for core community members. The PRCL token, with a pre-sale price of $1.23 on the OTC platform Whales Market, positions the project at a valuation over $1 billion. Parcl operates as a decentralized exchange offering perpetual futures for real estate, enabling users to trade on properties in various global cities. The majority of PRCL tokens, 92%, are allocated to core contributors, community incentives, early supporters, and an ecosystem fund, with full distribution completing in 2028. Despite a volatile market, marked by recent declines in other newly airdropped tokens, several exchanges like OKX and Bybit have listed PRCL, which is now live.

Check Out the Latest Prices, Charts, and Data of PRCL/USDT Perp!

Spot Bitcoin ETF Flows:

Spot Bitcoin ETFs are experiencing dwindling inflows as the cryptocurrency market continues its downturn. Over the last two trading days, only Grayscale and BlackRock reported fund inflows while other spot Bitcoin ETFs recorded zero activity. Grayscale’s GBTC saw a significant outflow, leading to an overall net negative flow for Bitcoin ETFs recently. The broader market for crypto investment products also saw outflows, totaling $126 million over the past week. 

Airdrop to Watch:

Drift Protocol, a Solana-based decentralized exchange, plans to airdrop 100 million DRIFT governance tokens primarily to its long-term users as part of its decentralization efforts. This move follows a three-month incentivization program that engaged traders, borrowers, and lenders. Venture capitalists, including major crypto VCs, are set to receive 22% of the distribution, with further allocations of 43% for ecosystem development and 25% for protocol development. Drift offers a range of trading services, including perpetuals with up to 20x leverage and spot trading. The protocol is transitioning to a new governance structure featuring a security council and a Futarchy DAO, where market-driven decisions will guide the protocol's development and operations.

Check Out the Latest Prices, Charts, and Data of SOLUSDT Perp and SOL/USDT Spot!