PancakeSwap has partnered with BetFury to launch a $50,000 trading competition running from December 24, 2024, to January 12, 2025.

Daily Top Performer — Phala Network (PHA)

The S&P 500 rose 1.1%, marking its third straight gain and the start of the Santa Claus rally. Growth and megacap tech stocks led, driven by optimism in AI and long-term tech trends, despite elevated Treasury yields. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.18%, with Bitcoin and Ether rising by 4.52% and 1.90%, respectively in the past 24 hours.

Today's top performer is PHA, which surged 63.4% after the announcement of Phala Network's 2024 achievements and 2025 roadmap, featuring decentralized GPU AI advancements and strategic partnerships.

The Phala Network (PHA), founded in 2018, is a decentralized cloud computing platform that uses excess computing power from everyday devices. It operates with Gatekeeper and Miner nodes, offering secure and scalable cloud services. Phala also launched Khala (PHA) on the Kusama network in 2021. 

 include co-building a decentralized GPU network, enhancing AI model training, and partnerships with projects like SentientAGI and MorpheusAIs. The Phala Treasury allocated 37% to infrastructure, 20% to community, and 43% to marketing. Social media efforts generated millions of impressions and engagements, while the network participated in six events and established 15 partnerships. Phala 2.0, launching in 2025, will integrate GPU TEE technology and Ethereum Layer 2 scalability for AI and Web3 applications.

Check Out the Latest Prices, Charts, and Data of 

 to launch a $50,000 trading competition running from December 24, 2024, to January 12, 2025. Participants can earn rewards by trading BFG tokens on the PancakeSwap Web interface or Telegram Swap-Bot. The competition includes daily lucky draws with $10,000 USDT, a leaderboard with $30,000 in BFG tokens for top traders, and $10,000 USDT for traders using the Telegram Swap-Bot. To qualify, participants must meet specific trading volume requirements, with rewards distributed in USDT and BFG tokens.

Yesterday, Bitcoin Spot ETF flows remained unchanged for GBTC, while non-GBTC ETFs experienced outflows of $149.7 million, bringing total outflows to $149.7 million.

: Astherus lets you farm while qualifying for Lista DAO Season 2, while Superform involves depositing ETH on Base via Moonwell WETH Morpho vault. Mitosis allows Linea airdrop qualification by holding funds, and Symbiotic rewards large token deposits on Ethereum mainnet. Mind Network offers bigger airdrop allocations for farming vFHE by depositing eETH. Solayer requires depositing and delegating SOL or derivatives to rank higher, and Drift's second airdrop involves liquid staking SOL to earn and lend dSOL.

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PancakeSwap and BetFury Launch $50,000 Trading Competition with BFG Token Rewards

In this tutorial, we’ll explore how you can complete a series of tasks in Orochi Network for Bybit Web3 Airdrop Arcade.

In this tutorial, we’ll explore how you can complete Orochi Network tasks for Bybit Web3 Airdrop Arcade. 

Task 2: Quote Orochi Network's Post and Tag 3 Friends

: Navigate to Orochi Network’s pinned post on X.

: Quote the tweet with your thoughts, and tag 3 friends.

 button at the top right corner of the page.

: The Orochi ID window will pop up. You may choose to sign up for an Orochi ID using your Google account, GitHub or email address.

: Congratulations! You’ve successfully created your Orochi ID. 

Task 4: Join the Contribute to Earn Program

: Connect your Wallet, Google account and Discord to be eligible.

: Once you’ve successfully connected all accounts, you’ll have completed this task.

 all of the four tasks above for your chance to 

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How to Complete Orochi Network Tasks for Bybit Web3 Airdrop Arcade

MegaETH is an EVM-compatible blockchain with real-time Web 2.0–level performance. Learn more about MegaETH.

 has long been a formidable challenge for the blockchain industry. Most established chains maintain decentralization and security, but struggle with limited scalability while high-performance 

 (L1) blockchains often compromise decentralization to achieve high throughput. 

What if we could push throughput to unprecedented levels without compromising security or decentralization? 

Enter MegaETH — a project backed by industry leaders such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and Dragonfly Capital. With the first real-time 

 (EVM)–compatible chain —i.e., one that can process transactions as soon as they arrive, and then publish the resulting state changes — MegaETH aims to redefine blockchain performance. In this article, we delve into the scaling limitations of current blockchains and examine how MegaETH aims to solve them. Let's dive in!

The blockchain trilemma has posed a significant challenge for 

 developers for years. As Ethereum co-founder Vitalik Buterin explains, distributed ledger networks can only achieve two out of three critical qualities (security, decentralization and scalability) by using simple techniques. 

As a result, most high-performance chains, such as Solana, Avalanche and BNB Chain, often compromise on decentralization or security to achieve scalability.

To address the scalability challenges of L1 networks, developers have introduced 

 (L2) solutions, which operate on top of blockchains such as Ethereum. These L2 chains achieve 

 (TPS) while leveraging the security and decentralization of their underlying L1s. However, according to MegaETH, both high-performance L1 and L2 networks fall short of meeting the demands of Web 2.0–scale applications, particularly in terms of 

As shown in the table above, the blockchain with the highest scalability, opBNB, achieves a gas rate of 100 MGas/s, equivalent to 650 Uniswap swaps or 3,700 

 transfers per second. In comparison, modern databases can 

 over 1 million TPC-C TPS. While Arbitrum One, the fastest chain listed, offers a block time of 0.25 seconds, this remains insufficient for applications requiring rapid feedback or high update rates. 

These limitations in both scalability and speed make current high-performance L1s and L2s ill-suited for Web 2.0 applications with significant computational demands.

 is an EVM-compatible blockchain with real-time Web 2.0–level performance. With the goal of bridging the gap between distributed ledger networks and traditional cloud computing servers, the project aims to push the performance of Ethereum-based L2s to hardware limits. As the first real-time blockchain, MegaETH can stream transactions at 100,000 TPS with transaction fees under $0.01, and provide millisecond-level responsiveness without sacrificing security or decentralization.

MegaLabs, the organization behind MegaETH, was founded in early 2023 by Shuyao Kong and Yilong Li. Holding an MBA from Harvard Business School, Kong has a background in business development within the blockchain industry. Prior to co-founding MegaLabs, she was the global head of business development at ConsenSys, where she continues to serve as an advisor.

As the Chief Executive Officer (CEO) of MegaLabs, Li has a PhD in computer science from Stanford University. An experienced software developer, he previously worked at Runtime Verification Inc., a firm specializing in software analysis tools and the application of formal methods to improve computing systems.

Together, Kong and Li founded MegaLabs in early 2023 to leverage their business development and computer science expertise to build MegaETH as the first real-time blockchain.

 $20 million of funding in a single seed round at a 9-figure valuation. The round was led by Dragonfly Capital, with other notable venture capitalists including Figment Capital, Folius Ventures, Robot Ventures, Big Brain Holdings, Tangent Ventures and Credibly Neutral. In addition to VCs, MegaETH is backed by high-profile angel investors, such as Ethereum co-founder Vitalik Buterin, ConsenSys CEO Joseph Lubin and EigenLayer creator Sreeram Kannan.

 on crypto trader Cobie’s decentralized fundraising platform, Echo. The round was fully funded within minutes and oversubscribed, showing significant investor demand.

MegaETH achieves over 100,000 TPS with less than 1 ms latency and block time, as well as transaction fees under $0.01, via two core features: a heterogenous blockchain architecture and a hyper-optimized EVM execution environment.

MegaETH's heterogeneous blockchain architecture enables network nodes with different hardware configurations to specialize in specific tasks to boost performance.

There are three types of nodes: sequencers, full nodes and provers. With cutting-edge hardware, a small set of sequencers conduct performance-critical tasks such as transaction execution. Simultaneously, a massively decentralized network of full nodes performs security-critical duties such as block validation. Provers have the lowest hardware requirements, and focus on providing L2 proofs to full nodes.

Hyper-Optimized EVM Execution Environment

MegaETH provides a hyper-optimized EVM execution environment to push latency, throughput and resource efficiency to hardware limits. Consequently, the real-time blockchain can process large volumes of transactions as soon as they arrive, and publish the resulting state changes in a few milliseconds.

To enable real-time EVM execution, MegaETH co-designed a low-latency, streaming-based block-building algorithm with a concurrency control protocol supporting transaction prioritization.

MegaETH's real-time blockchain scales without sacrificing decentralization and security through the following key components and features.

 is an extension of the MegaETH core team. It consists of a group of 10x builders hand-picked by MegaETH developers. According to the project, MegaMafia participants have "an internal compass guiding them toward crypto's world domination."

MegaETH defines three common qualities for MegaMafia members:

MegaETH is setting a new standard for blockchain scalability, addressing long-standing limitations without compromising decentralization or security. By combining innovative architectural decisions with technologies like real-time EVM execution, in-memory computing and smart contract JIT compilation, this real-time L1 chain delivers unmatched performance tailored for Web 2.0–scale applications.

Supported by high-profile investors, such as Vitalik Buterin and Joseph Lubin, MegaETH is poised to bridge the gap between blockchain and traditional computing, unlocking new possibilities for decentralized applications. The project is on track to launch its testnet in early 2025, with the mainnet rollout soon thereafter.

Advanced

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MegaETH: A Real-Time Blockchain for Web 2.0–Scale DApps

Grayscale has launched the Horizen Trust, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it.

Daily Top Performer — Convex Finance (CVX)

The S&P 500 rose 0.73%, driven by big tech and communication services, as investors anticipate a "Santa Claus Rally" to close the year. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 1.61%, with Bitcoin dropping by 2.58% and Ether rising by 4.32%, respectively in the past 24 hours.

Today's top performer is CVX, which surged 28.1% following Frax's consideration of BlackRock's BUIDL token as backing for the rebranded frxUSD stablecoin.

Convex Finance (CVX), launched in May 2021, is a DeFi protocol that boosts yields for Curve protocol users on Ethereum. It allows for staking to earn CRV and CVX tokens and provides voting rights on token allocations. Securitize has 

 adding BlackRock's BUIDL token as backing for Frax's rebranded Frax USD (frxUSD) stablecoin, which will feature a new mint-redeem system. Early feedback from Frax DAO members is positive. Competing proposals from Superstate also suggest backing frxUSD with their tokenized funds. The final backing structure is still undecided.

, a fund that allows qualified investors to gain exposure to the cryptocurrency ZEN without the need to buy, store, or safeguard it. The fund's shares track the market price of ZEN, net of fees. While the shares have been traded at both a premium and discount, the fund aims to provide a simpler way for investors to gain exposure to ZEN. Grayscale is also expanding its offerings, with plans for a Solana spot ETF.

Yesterday, BTC Spot ETFs recorded total outflows of $258.2 million, including $38.4 million from GBTC and $219.8 million from non-GBTC funds.

, distributing $SONIC tokens to those who participate. Over 2 million users have joined through an easy onboarding process, requiring no wallet setup or gas fees. To qualify for the airdrop, users must log in via TikTok, access SonicX, and wait for the $SONIC claim banner. SonicX, part of the Sonic SVM app layer, uses TikTok ads and creator partnerships to promote its gaming and blockchain education hub. The project aims to expand its TikTok Chain with new games and future token rewards.

Grayscale Introduces Horizen Trust for ZEN Investment Access

Bybit Learn

web3

Curious about the possibilities of web 3.0 credentials? Give Project Galaxy and its GAL tokens a try.

When the World Wide Web — now known as Web 1.0 — was first brought online, users could view information from all over the world. Beginning in 2004, Web 2.0 boasted better usability for the end user, as well as more user-generated content. Today, an increasing percentage of internet users require decentralized systems that are private, secure, and owned by the community. 

Project Galaxy is the most expansive Web 3.0 credential data network available. The purpose of networks like Project Galaxy is to help projects and developers use NFTs and digital credentials to build stronger communities and products.

Whether you’ve recently begun to invest in crypto, or have been an investor for years, you may be wondering what 

 is. This project has been in development for several years and has already been used to launch over 500 Web 3.0 projects. The many different types of Web 3.0 projects that have been based on Project Galaxy infrastructure include loyalty programs, bootstrapping communities, custom voting systems and growth-hacking campaigns.

Project Galaxy initially began in early 2021 and has since been accessed by over 200,000 users across seven separate blockchains. Since its inception, Project Galaxy has quickly become among the most popular Web 3.0 

 because of how collaborative and open it is.

Initial development of Project Galaxy was handled by the 

, which is part of the Center for Comparative Genomics and Bioinformatics at Penn State University. The core Project Galaxy team also consisted of members from the 

 at Oregon Health & Science University, as well as the 

 at Johns Hopkins University. Project Galaxy has since turned into a global effort with continual improvements being made to the project.

Even though this Web 3.0 credential data network was initially created in 2021, numerous milestones have served to provide even more benefits to users. By July 2021, more than 10,000 credential-based NFTs had already been minted and fully claimed, via BNB Chain and Ethereum.

To understand just how large the Project Galaxy infrastructure has grown, it was announced toward the end of April 2022 that around 500,000 NFTs are minted through Project Galaxy every month. Some additional milestones that indicate widespread adoption of Project Galaxy include:

Project Galaxy is largely based around the idea of providing data consumers and developers with the infrastructure they need to deliver data to networks and to curate digital credentials. It's possible for contributors to use this infrastructure to curate various types of digital credentials, including on-chain and off-chain.

To understand just how beneficial the Project Galaxy infrastructure can be, let's take a look at how digital credentials are curated without Web 3.0 infrastructure. With Web 2.0, credential data is segregated throughout closed databases, which are owned and fully permissioned by institutions and applications.

The problem with this approach is that it leads to a fractured system in which the individuals who should own the data don't have easy access to it. In comparison, Project Galaxy provides developers with an aggregated Web 3.0 credential data network. With this type of network in place, users have control over their own data and digital credentials.

While Project Galaxy consists of a bevy of unique and useful features, the following section details some of the key features which define GAL.

Credential Data Network (On-Chain and Off-Chain Credentials)

If you want to know what GAL is, the truth is that this project is centered around a credential data network that accommodates 

 digital credentials. By offering both types of digital credentials, the Project Galaxy infrastructure allows curators to contribute credentials via multiple data sources.

When it comes to on-chain credentials, it's possible for curators to contribute their data from seven separate chains with wallet snapshots or sub-graph queries. As for off-chain credentials, curators have the ability to contribute digital credentials through data sources that are already integrated into Project Galaxy, including Discord, Twitter and GitHub.

Galaxy On-Chain Achievement Token (Galaxy OAT)

Another notable feature of Project Galaxy is the Galaxy on-chain achievement token, which is referred to as Galaxy OAT. This token serves as a lightweight solution that community managers and event organizers can use to create and distribute NFT campaigns without issue, after which community members can be rewarded. These on-chain achievement tokens are a kind of digital record of various achievements that have occurred.

Let's say that you buy tickets to a concert or NFL game. These tickets could come with a separate NFT that serves as a digital record of an event you attended. You would then be able to access this record and showcase the credential whenever you recall the memory.

When using OAT, event organizers are able to form their own pages on the 

 platform. They can also create events, as well as digital credentials, by simply submitting the badge design and parameters.

Event participants can also claim the NFT from their email via gas-less minting, which is a transaction-free solution for NFTs. In the short term, it's believed that Galaxy OAT will mainly be used for loyalty programs with DeFi, metaverse, NFTs, or other Web 3.0 projects. In the long-term, however, these tokens may be used for life experiences and real-world events.

If you decide to take advantage of the Project Galaxy infrastructure to build digital credentials, you'll also benefit from the Galaxy ID feature, which is essentially Web 3.0 LinkedIn. Every individual on Galaxy can use Galaxy ID for their universal username, which can be taken across multiple wallets and chains in Web 3.0. Users are also able to display their digital credentials and showcase their achievements once they have a Galaxy ID.

The Hashflow protocol is known to be relatively unique because of its ability to connect top crypto market makers with on-chain users. With this protocol in place, swapping tokens becomes considerably more gas-efficient and capital-efficient. Hashflow displayed some strong metrics early on in development. In fact, the alpha and beta phases of development increased the TVL to $1.2 million and $3.2 million respectively.

Despite Hashflow’s many advantages, it wasn't paired with a token early on, which limited its adoption among users. With this issue in mind, Hashflow has worked together with Project Galaxy to launch the Hashbot Genesis campaign with the Project Galaxy infrastructure. This infrastructure has given Hashflow the ability to incentivize users with exclusive NFTs. Since the introduction of Project Galaxy technology into the Hashflow DEX, the platform's weekly active users have increased from 3,000 to 13,000.

GAL tokens are a form of governance token that's used alongside the Project Galaxy DAO. Keep in mind that governance tokens can be used for voting on decisions pertaining to the ecosystem or one of the Web 3.0 projects. Token holders are able to shape the platform's future whenever new features or changes to the governance system are proposed. By issuing GAL tokens, the future of Project Galaxy rests in the hands of the users who claim these tokens.

GAL token holders can dictate the platform fee percentage that's collected by Project Galaxy. They can also control funds that are held with the community treasury. Any developer who uses data that’s been curated by Project Galaxy must pay platform fees with the GAL token. These fees are then distributed directly to the data curators, who use GAL tokens to determine the value of a data set.

Now that you know what is GAL, you should know more about GAL's price and how GAL is set to be distributed in the coming years. Project Galaxy launched on May 5, 2022, at which point a certain number of GAL tokens were unlocked. Keep in mind that Project Galaxy is distributing 200 million GAL tokens. Of these tokens, just under 2% are early adopter rewards, with 1.5% being allocated to Binance Launchpool. Another 4.5% are attached to the Project Galaxy ecosystem. The tokens for these three segments were fully unlocked at the token generation event that occurred on May 5.

Further distributions of GAL tokens differ, depending on who or what the distributions are going toward. For instance 15% of the 200 million GAL tokens are being used for marketing purposes. Around 20% of this allotment was unlocked at the token generation event. The remainder of this allotment is set to unlock quarterly in equal amounts for a period of three years. The available trading pairs include GAL/BTC, GAL/BUSD, GAL/USDT and GAL/BNB.

Even though it's impossible to predict the price of Project Galaxy and its token because of its recent launch, there are some pieces of information that can be used to gain a reasonable estimate of what GAL will be priced at over the next few years. The best aspect of the GAL token is that Project Galaxy solves one of the most notable problems associated with Web 3.0. The exponential growth that this token had even before its official launch indicated that it was in high demand, and would have a similarly high price.

Whether looking at Web 3.0 infrastructure, which includes Project Galaxy and other aspects of decentralized systems, it's always going to be challenging to identify how valuable this infrastructure is going to be on a long-term basis. However, Project Galaxy is built on sturdy foundations, indicated by the aforementioned road map and its use in many Web 3.0 projects.

Features like a credential data tag system and permissionless credential creation are set to launch later this year. The iterative updates they plan for 2022 and 2023 show that Project Galaxy isn't content with what it already delivers to users. At this moment, there's every indication that Project Galaxy will be a sound investment in the coming years.

While Project Galaxy has been around for a relatively short period of time, it has already proven to be invaluable to developers and data users alike who wish to create digital credentials and NFTs. In fact, the GAL token is already expected to quickly appreciate in value over the next few months. Now that you know what GAL is, you can determine if this token is right for you.

Project Galaxy (GAL): Building Web 3.0 Credentials in Crypto

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards