Vitalik Buterin outlined his vision for Ethereum’s future in a blog post detailing “The Surge” roadmap, aiming to boost the blockchain's capacity to over 100,000 transactions per second (TPS) through layer-2 scaling solutions while maintaining decentralization and security.

The SPX index was down by 0.02% as investors are focusing on upcoming earnings reports and central bank updates, while markets remain cautious ahead of the November election and Federal Reserve meeting. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.34%, with Bitcoin and Ether dropping by 1.40% and 0.81%, respectively in the past 24 hours.

Today's top performer is TOMI, which surged 28.0% following the Tomi AMA highlights on Web3 search, product updates, and the vision for a decentralized internet.

tomiNet (TOMI), launched in 2023, is a decentralized internet network offering a private, censorship-free browsing experience with a decentralized browser and DNS. It operates through a decentralized autonomous organization (tomiDAO) where users vote anonymously on content management, blending Web 2.0 and Ethereum's Web3 technologies. 

 highlighted a partnership with Web3 Compass to improve Web3 search. Key updates include tomi Wallet 2.0, decentralized storage, a VPN, and AI integration via PAAL AI. The team explained their tokenomics and focus on partnerships, aiming to build a secure, user-friendly decentralized internet.

Check Out the Latest Prices, Charts, and Data of 

Vitalik Buterin outlined his vision for Ethereum’s future in a blog post detailing “

” roadmap, aiming to boost the blockchain's capacity to over 100,000 transactions per second (TPS) through layer-2 scaling solutions while maintaining decentralization and security. The roadmap focuses on merging sharding and layer-2 protocols, with rollups processing most transactions off-chain to enhance efficiency. Buterin emphasized the importance of balancing the scalability trilemma—decentralization, scalability, and security—while ensuring that layer-2 solutions inherit Ethereum's core principles. He also mentioned recent advancements like EIP-4844 data blobs to improve data handling. The next major upgrade, Pectra, is set for early 2025, enhancing scalability and staking rewards.

Yesterday, the total flow for BTC Spot ETFs is $161.5 million, with $45.7 million from GBTC and $115.8 million from non-GBTC sources.

, with an airdrop to 491,286 wallets. The token, based on Solana, has an initial circulation of 1.8 billion out of a 10 billion max supply. Recipients can claim 50% at TGE, the other half after six months, or 80% upfront with a 20% penalty. Trading began at $0.03, targeting a $300M fully diluted valuation. Strategic partners' tokens are locked for six months post-TGE, with quarterly vesting over three years. DBR will enable governance voting, and future staking features are planned. deBridge has facilitated $3.3B in bridged volume across networks like Solana and Ethereum.

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Vitalik Buterin Unveils “The Surge” Roadmap for Ethereum’s Future Scalability and Layer-2 Integration

In this article, we'll go through how you can use bbSOL on Solayer.

For investors looking to maximize their staking efforts on the 

 on Solayer offers a unique and effective solution. This article will explore how bbSOL can be utilized within Solayer’s 

 protocol to enhance the security and efficiency of decentralized applications (

 is a restaking protocol that’s native to the Solana blockchain. It’s engineered to augment the operational capabilities of on-chain DApps by securing more block space and prioritizing their transactions. 

The protocol’s innovative architecture is built around enhancing 

 (L1) security and optimizing network resource allocation through two main strategies: restaking and a shared validator network.

Within its structure, Solayer includes a restaking pool manager to handle the flow and conversion of assets, such as turning bbSOL into Solayer-specific tokens like sSOL. This conversion is critical because it allows the staked assets to participate actively in securing the network. 

The delegation manager plays a key role in managing the distribution of stakes across various validators and automated validator systems, ensuring that the stakes are optimally deployed. Additionally, the stake pool focuses on selecting validators and maximizing returns through opportunities in maximal extractable value (

), which enhances the economic security of the network. The shared validator network (SVN) supports cross-chain 

 and shares security among Solana-centric networks by efficiently distributing network resources based on stake contributions.

button at the top-right corner of the page, and select 

: Enter the amount of bbSOL that you want to restake, and click on 

to approve the transaction, and you’ll have successfully completed the staking.

Utilizing bbSOL on Solayer contributes to the stability and security of the Solana network, and optimizes the potential returns from staking activities. By engaging with Solayer’s restaking and shared validator networks, users can enhance the operational capabilities of their DApps, secure additional block space and ensure prioritized transaction processing. This integration represents a significant advancement in the way that staking and network support can coalesce, benefiting individual stakeholders and the broader Solana ecosystem alike.

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How to Use bbSOL on Solayer

Our weekly crypto derivatives analytics report dives into macro events, the current state of crypto and trading signals from spot trading volume and futures, options and perpetual contracts.

Despite the recent surge in spot prices, there remains a significant gap between long- and short-dated implied volatility. As a result, market participants are focusing more on post-U.S.-election expectations rather than the recent bullish trends in spot prices. This shift has resulted in a rise in realized 7-day volatility, which now aligns with the implied volatility levels of 30-day tenor options. Additionally, bullish responses to spot price movements are evident in perpetual funding rates, which are now positive for nearly all tokens.

Please check out the report’s highlights.

Futures Activities Final Sees Increase Since Early September, but Still Lags Behind Perps

In the past week, futures open interest has experienced only a modest increase. Although a substantial rally in spot prices has pushed BTC back to the upper end of its range, this rise hasn't been matched by a corresponding increase in futures open positions, which haven’t yet returned to their levels prior to the option expiration in late September.

In contrast to the futures market, perpetual swap open interest has risen in line with the bullish price action early this week, reaching its highest levels in the past month. As with futures markets, there was a significant spike in trading activity Monday and Tuesday as the spot price rally boosted volumes. This surge in bullish sentiment has led to increased participation in perpetual contracts. The market continues to be heavily dominated by BTC, with traders clearly favoring Bitcoin over Ethereum in their positioning.

BTC Options Volatility Front-Runs U.S. Election

In the past week, the front end of the implied volatility term structure has remained relatively stable, highlighting the significant disconnect between long- and short-dated options, particularly in light of the upcoming U.S. election. As a result, the derivatives market is responding more to post-election expectations than to the recent bullish movements in spot prices, which have finally caused realized volatility to align with implied volatility levels. 

Spot price activity has also seen an increase in open positions, mirroring trends in futures and perpetual contracts. However, this uptick in positioning hasn’t been accompanied by a spike in trade volumes, indicating more gradual growth.

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Oct 16, 2024): BTC Options Volatility Front-Runs U.S. Election

The TON Foundation has collaborated with Axelar to link its ecosystem with 68 blockchain networks through Axelar’s Mobius Development Stack (MDS) and Interchain Amplifier technology. 

The SPX index was up by 0.47%, with nine of its 11 sectors advancing, led by utilities, financials, and real estate, while communication services and consumer staples lagged. Investors are now focused on upcoming corporate earnings (e.g., Netflix and Blackstone) and key economic data, including jobless claims, retail sales, and industrial production. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.41%, with Bitcoin and Ether rising by 1.16% and 1.80%, respectively in the past 24 hours.

Today's top performer is DOGE, which surged 6.5% following Elon Musk's "D.O.G.E." tweet.

Dogecoin (DOGE), launched in 2013, is a peer-to-peer cryptocurrency created as a decentralized "joke coin." Despite its meme origins, it has grown into a popular crypto used for payments, crowdfunding, and tipping, with support from figures like Elon Musk. DOGE has achieved significant market cap growth and remains community-driven without a central authority. Recently, Dogecoin's price has increased following 

, "D.O.G.E. will fix it." Currently priced at $0.1263, DOGE has a market cap of $18.5 billion. Although it is down 83% from its 2021 peak, it remains the largest meme coin, boasting a loyal following bolstered by Musk's social media endorsements.

The TON Foundation has collaborated with Axelar to link its ecosystem with 68 blockchain networks through Axelar’s Mobius Development Stack (MDS) and Interchain Amplifier technology. This partnership aims to improve scalability, streamline cross-chain interactions, and remove the necessity for bridges, providing TON users with a more seamless Web3 experience. This initiative aligns with a growing trend in the Web3 landscape towards cross-chain interoperability, similar to Ronin Network's recent integration with Chainlink’s CCIP.

Yesterday, the total flow for BTC Spot ETFs was $65.1 million, with all of it coming from non-GBTC sources, while GBTC had no flow.

 it will launch on mainnet by late Q4 and introduced its native token, $C, hinting at an upcoming airdrop. Users are encouraged to stay active and collect Zicrons to potentially qualify. For more details, a guide is available 

TON Partners with Axelar to Enhance Cross-Chain Interoperability Across 68 Blockchains

Bybit Learn

DeFi

Explainers

Altcoins

NAVI is the first native one-stop liquidity protocol on Sui. NAVI users can provide liquidity to earn passive income or borrow assets using collateral.

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 (DeFi) has grown from a niche concept into a thriving multibillion-dollar industry, offering users unprecedented control over their financial assets. However, this rapid industry growth has highlighted the need for more efficient, secure and user-friendly solutions.

NAVI (NAVX) meets these demands with a comprehensive DeFi platform for lending, borrowing and earning passive income. This article explores NAVI's features, its role in the 

 ecosystem and NAVI’s empowerment of users through innovative tools like automatic leverage vaults and shared liquidity pools.

 is the first native one-stop liquidity protocol on the Sui blockchain. NAVI users can provide liquidity to 

 or borrow assets using collateral. The protocol leverages shared 

 and advanced features such as automatic leverage vaults to enhance capital efficiency and reduce risk.

NAVI Protocol was founded by Charles and Elliscope, technology veterans with experience at Apple and LinkedIn. They envisioned NAVI as a "web3 bank for Web 2.0 users," with kindness and open-mindedness at the heart of the company’s culture. The word 

, derived from Hindi, means "Be Kind to People," reflecting this ethos.

Drawing on their Silicon Valley expertise, the founders collaborated with top engineers to build a protocol prioritizing user-friendliness and security. Their mission was to create a DeFi protocol that could deliver the benefits of 

After evaluating various platforms, they chose the Sui blockchain for its enterprise-scale capabilities and innovative design. Sui’s object-focused programming model offers developers more flexibility than traditional account-based blockchains, making it an ideal foundation for the NAVI Protocol.

NAVI aims to democratize DeFi by offering a simple platform for lending, borrowing and managing digital assets. Its primary goal is to reduce barriers to entry, allowing users of all experience levels to engage in DeFi without needing technical expertise.

The protocol enhances capital efficiency with features like automatic leverage vaults and yield-bearing tokens, helping users maximize the potential of their assets. NAVI also prioritizes security by using advanced risk management tools, such as isolation mode and debt ceilings, to safeguard user funds.

Decentralized governance is another crucial aspect of NAVI's mission. Its 

, NAVX, allows token holders to vote on decisions and proposals, enabling them to help shape the protocol’s development. This ensures that NAVI remains a community-driven platform and supports a truly decentralized ecosystem.

NAVI operates through a shared liquidity pool system. For each supported asset, NAVI creates a pool where users can deposit assets and become liquidity providers (

), earning passive income in return for NAVI receipt tokens (e.g., 

). Lenders supply assets to the pools, while borrowers take loans by providing collateral. Borrowing limits are determined by a dynamic collateralization ratio, which adjusts based on pool supply and demand. Interest rates for lending and borrowing fluctuate according to market conditions.

A "health factor" continuously monitors the safety of each borrower’s position. If their health factor drops below 1, it signals that their collateral is insufficient to cover the loan, triggering a liquidation process. During liquidation, up to 35% of the borrower’s debt is repaid using their collateral, along with a liquidation fee.

To manage risk, NAVI implements advanced features such as isolation mode for introducing new assets, debt ceilings to limit borrowing and supply/borrow Limits. The protocol integrates 

 services to provide accurate price data for collateral, loan amounts and liquidation triggers, ensuring the system remains secure and reliable.

The NAVX token powers NAVI’s governance, allowing token holders to vote on proposals affecting interest rates, new assets and risk management parameters. Together, these mechanisms create a self-regulating DeFi ecosystem that supports efficient lending and borrowing while maintaining protocol safety.

NAVI offers a range of innovative features, described below, that are designed to enhance user experience and maximize capital efficiency.

NAVI offers a straightforward way for users to supply digital assets and earn passive income. By depositing assets into NAVI's liquidity pools, users can earn interest that fluctuates based on supply and demand. There are no minimum or maximum deposit limits. allowing users to manage their funds flexibly.

The protocol’s borrowing feature allows users to borrow cryptocurrency assets and obtain loans using their deposited assets as collateral. The 

 is dynamically adjusted to ensure borrowers don’t exceed their capacity and experience liquidation.

 mechanism to protect the protocol from default risks. If a borrower's health factor drops below a safe threshold (as mentioned above), their collateral is subject to liquidation. The liquidation process is managed through secure oracles that aggregate price data from multiple sources to ensure accurate pricing.

NAVI’s flash loan feature allows users to borrow assets without collateral, provided the borrowed amount is repaid within a single transaction. Flash loans create opportunities for 

, collateral swaps and other advanced trading strategies without requiring significant capital investment.

 is a liquidity management system designed for professional traders seeking enhanced features and tools. It offers deeper integration with trading strategies and access to leverage, making it suitable for users who require advanced financial tools within the DeFi space.

Volo is a feature that focuses on maximizing asset utility within the NAVI ecosystem. It enables users to leverage their digital assets to access additional yield opportunities, allowing them to engage in more sophisticated trading strategies with reduced risk.

Several key milestones have marked NAVI Protocol’s journey:

NAVI’s journey continues with several exciting milestones planned for the remainder of 2024:

NAVX, the native token of NAVI Protocol, is primarily used for governance. Token holders can vote on essential protocol decisions, such as interest rates, new assets and other vital changes that will shape the platform’s future.

NAVX also incentivizes liquidity providers, and offers staking rewards to encourage active participation. Users can provide liquidity to NAVX/SUI and NAVX/vSUI pairs on 

 (DEXs), and receive LP tokens. These tokens can then be locked for a certain period, making users eligible for rewards in NAVI's money market.

NAVX’s price outlook is closely tied to the growing adoption of NAVI Protocol within the Sui ecosystem. Initially launched at 0.021 $SUI, NAVX has the potential to see significant growth as DeFi continues to expand. As of Oct 15, 2024, the NAVI token is priced at $0.146.

While cryptocurrency price predictions are speculative, several price analysts have provided forecasts for NAVX:

These forecasts suggest a positive long-term outlook for NAVI, driven by its innovative features and growing role in decentralized finance. Ultimately, NAVX’s future value will depend upon the continued success of the NAVI Protocol, its integration within the Sui ecosystem and broader market conditions.

Looking to trade NAVI tokens? Bybit now offers the NAVX/USDT Spot trading pair for trading. To get started, you’ll first need to create a Bybit account, then fund with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 where you can earn a share of the 200,000 NAVX prize pool. 

Simply complete deposit or trading tasks listed on the Token Splash page to earn 100 NAVX. Please note that rewards are limited to the first 2,000 new users.

Evaluating NAVX as an investment involves considering both its strengths and potential risks.

In summary, NAVX offers promising potential, but its future success hinges on the growth of NAVI Protocol and the evolving DeFi ecosystem. Investors should weigh the risks and 

NAVI is a promising DeFi protocol that aims to revolutionize the lending and borrowing market. With its unique features, such as algorithmic-based interest rates and liquidity incentives, NAVI is poised to significantly expand DeFi accessibility and functionality within the growing Sui ecosystem. 

Whether you’re a user looking to earn passive income through staking or a trader seeking high-yield opportunities, NAVI offers versatile solutions for everyone in the rapidly growing world of decentralized finance.

NAVI (NAVX): Understanding Sui's One-Stop Liquidity Protocol

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards