BNT Surges After Launching On-Chain Trading Protocol with Asymmetric Liquidity; Linera Raises $6M to Advance Microchains in Web3

Daily Top Performer — Bancor (BNT)

The SPX index is down 0.76%, this occurred amidst pressure from rising bond yields after the minutes from the FOMC meeting revealed significant inflation risks. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 0.84% and 1.13% respectively, in the past 24 hours. 

Today’s outperformer is BNT, which surged 5.5% in the past 24 hours due to gaining the attention of the network’s latest protocol Carbon. 

Launched on June 2017, Bancor (BNT) is an AMM DEX. Bancor’s new trading protocol, Carbon, is revolutionizing on-chain trading and liquidity with its automated trading protocol. It offers unique features like on-chain limit and range orders, grid trading, and momentum trading. The protocol introduces "asymmetric liquidity," allowing users to set their own buy and sell ranges. This empowers users with more control and precision in their trading strategies. With custom spreads, rotating liquidity, and other benefits, Carbon is ushering in a new era of on-chain liquidity and trading.

Check Out the Latest Prices, Charts, and Data of BNTUSDT!

Talk of the Town:

Linera, a layer-1 blockchain founded by former Meta Novi engineer Mathieu Baudet, has raised $6 million in a funding round led by Borderless Capital. This latest funding brings the total amount raised by the firm to $12 million. Linera's main objective is to address scalability challenges in the blockchain industry by utilizing "microchains," which are lightweight chains that can be integrated into browsers and mobile devices. The newly acquired funds will be used to expand the team, launch a development network and testnet, and establish a strategic presence in the APAC region. Notable investors in this funding round include Laser Digital Ventures, Flow Traders, and Eterna Capital, with a16z crypto having led the initial seed round.