DeFi Insight |WAVES is the biggest ponzi in crypto
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Crypto investor @0xHamZ tweeted today that WAVES is the biggest ponzi in crypto.
“It has recklessly engineered price spikes by borrowing USDC at 35% to buy its own token. Continuous WAVES market cap growth is needed to keep the system stable. WAVES will eventually crash and USDN will break with it,” he said. ▪Source
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| STABLECOIN
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| AIRDROP
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REPORT
▪ Nansen’s Coverage of NFTs on Arbitrum One
The transaction volume processed and the number of transactions completed on Arbitrum One has increased in Q1 of 2022 compared to Q4 of 2021. Year-to-date, we have witnessed 205% growth in Arbitrum One NFT users.
The growth in both new and returning users remains volatile on Arbitrum One.
Contracts with 1000 or more sales per week and 10 or more sales per week have experienced growth since the start of the year.
4.5% of wallets have currently made a minimum of a 100% return on investment in their Arbitrum-based NFTs with the top 20 wallets all exceeding 10,000%. This was enabled in large part through Treasure’s free mint model which launched the popular Smol Brains and Legions NFTs.
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