Crypto Morning News: Fuel opens eligibility check for airdrop, sBTC launches on Stacks mainnet
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Crypto Morning News: Fuel opens eligibility check for airdrop, sBTC launches on Stacks mainnet
Galaxy CEO predicts Bitcoin's market cap will surpass gold's within 5 to 8 years.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Kontos Announces Tokenomics: 1 Billion KOS Supply, Over 50% Allocated to Ecosystem and Community
Blockchain infrastructure project Kontos Protocol has unveiled its token economic model for KOS. The total supply of KOS is capped at 1 billion tokens, with 139.4 million (13.937%) released at the Token Generation Event (TGE). According to the distribution plan, ecosystem, community, and mining collectively account for 53.63%. Investor allocations include 10% for strategic rounds, 7.75% for angel rounds, 5.37% for seed rounds, and 2.5% for Series A. Additionally, 5% each are reserved for airdrops and the core team, 3.75% for advisors, 3% for marketing, and 2% each for project development and liquidity reserves.
Aptos 2024 Annual Report: TVL Grows Nearly 20x to $1.2B, Monthly Active Users Near 9 Million
According to OurNetwork’s in-depth report on the Aptos ecosystem, the public blockchain achieved significant growth in 2024. Data shows that Aptos’ Total Value Locked (TVL) increased nearly 20-fold to $1.2 billion, while daily active addresses rose from 70,000 in January to a peak of 1.2 million in November. Monthly active users are now close to 9 million. The platform has attracted over 330 projects to date. In the stablecoin sector, Aptos-based stablecoins have surpassed $320 million in market capitalization—accounting for more than 25% of total TVL—with native USDT integration already completed and USDC expected to launch soon.
In the DeFi ecosystem, major protocols have reached new highs. Amnis Finance, Aptos’ largest liquid staking protocol, boasts a TVL of $390 million, with unique active wallets surging from 15,300 to 134,200—an increase of 770%. Echo Bridge became the third-largest protocol by TVL just three months after launch, introducing BTC to the chain and surpassing $250 million in TVL by December. Kana Labs recorded nearly 3 million monthly unique active users, with its Paymaster functionality processing over 70 million transactions. Thala became the first DEX on Aptos to exceed $3 billion in cumulative spot trading volume, with a TVL of $220 million.
The innovative Aptos-based project emojicoin.fun also performed impressively, issuing 1,933 tokens within its first month, attracting 27,559 unique addresses, achieving a TVL exceeding $1 million, and recording a total trading volume of $33.6 million.
Fuel Launches Airdrop Eligibility Portal, to Distribute 10% of FUEL Tokens
High-performance Ethereum L2 network Fuel announced the launch of the FUEL Genesis Drop, distributing 1 billion tokens (10% of total supply), and has opened an airdrop eligibility portal. Users can claim their tokens between December 19, 2024, and January 19, 2025.
Fuel stated that 20% of the total FUEL supply will be allocated to the community, broken down as follows: 10% for the Genesis Drop; 5% for community expansion initiatives; and 5% for upcoming incentives, programs, events, and activities yet to be disclosed.
ENS Labs Partners with Linea to Build L2 Network Namechain
ENS Labs announced on X that it has partnered with Linea to build its upcoming Layer 2 network, Namechain.
ENS Labs cited three reasons for choosing Linea: its Type 2 zkEVM ensures full compatibility with Ethereum tools and smart contracts; high-performance proofs enable fast state finality, which is crucial for reliable domain resolution; and shared values—Linea’s commitment to building on Ethereum provides the same multi-client diversity essential for securing the Ethereum mainnet.
DuckChain Announces TGE in January 2025, Beta Mainnet Transaction Count Surpasses 10 Million
DuckChain, the first consumer-focused Layer 1 project built on the TON ecosystem, officially announced its Token Generation Event (TGE) will take place in January 2025. As the first non-Ethereum-based chain supported by Arbitrum, DuckChain tightly integrates the TON, EVM, and BTC ecosystems, offering an efficient EVM development environment and providing 800 million Telegram users with access to on-chain services.
The DuckChain Beta mainnet campaign has onboarded nearly 50 ecosystem projects and offers a multi-million-dollar prize pool. According to the latest data from December 17, over 2.6 million users have participated since the campaign launched, with total on-chain transactions surpassing 10 million and daily transactions reaching 1.25 million. Furthermore, the recent cross-chain Odyssey event co-hosted with OKX Wallet has accelerated $TON adoption, delivering tangible benefits to users.
DuckChain’s testnet performance has been impressive, with MiniApp daily active users exceeding 2 million, total transaction volume surpassing 29 million, and over 1 million paying users—all backed by partners including Arbitrum and OKX.
Stanford University Collaborates with Eliza Labs to Launch AI Agent Research Program in Digital Currency
AI agent development platform Eliza Labs announced a partnership with Stanford University’s Financial and Digital Currency Initiative (FDIC) to jointly explore the application of autonomous AI agents in digital currency systems. The program is set to launch in Q1 2025 and will focus on three core research areas: agent trust mechanisms, multi-agent economic systems, and decentralized agent governance.
The collaborative project will leverage Eliza Labs’ existing open-source agent framework to develop practical applications such as automated market-making systems and decentralized financial services. Research outcomes will be shared through open-source frameworks, simulation platforms, and peer-reviewed publications. Led by Stanford professors Dan Boneh and David Mazières, the initiative is currently seeking industry partners to participate.
Eliza Labs founder Shaw Walters said the collaboration combines Stanford’s academic rigor with Eliza’s widely adopted AI agent framework to advance trust and governance in decentralized economies. Founded in 2024, Eliza Labs focuses on developing next-generation autonomous agent systems.
sBTC Now Live on Stacks Mainnet
According to official Stacks announcements, sBTC is now live on the Stacks mainnet. Backed by a 1:1 Bitcoin peg, institutional signing network, and secured by Bitcoin hash power, sBTC delivers trustlessness, security, and transparency—enabling Bitcoin-powered DeFi applications. Initially, only deposits are supported, with a liquidity cap of 1,000 BTC and annualized rewards of up to 5%.
Withdrawal functionality, higher liquidity caps, and progress toward a permissionless signing network are expected in Q1 2025.
Big Time Studios Announces $150M Open Loot Fund
Big Time Studios announced the creation of a $150 million Open Loot Fund to support Web3 game development on the Open Loot platform.
By providing funding and critical advisory support, the fund enables developers to prioritize compelling gameplay while ensuring blockchain elements enhance rather than hinder player experience.
In addition, the fund offers strategic guidance in game economy design, sales strategy, market optimization, marketing, and community building.
Galaxy CEO Predicts Bitcoin Will Surpass Gold in Market Cap Within 5–8 Years
Mike Novogratz, founder and CEO of Galaxy Digital, predicts that Bitcoin could catch up to—and eventually surpass—the market capitalization of gold within five to eight years.
Novogratz made the statement responding to an article by Galaxy research head Alex Thorn, which highlighted that Bitcoin’s market cap has reached 14% of gold’s $17.8 trillion value—a historical high. Thorn’s analysis included a chart illustrating Bitcoin’s growing share of gold’s market cap, underscoring Bitcoin’s accelerating momentum.
Market Update
Suggested Reading
Base vs Solana: Who Will Be the Hitmaker for AI Agents?
Both Base and Solana have the potential to become core ecosystems for future AI agents. Mainnet deployment opens new opportunities for AI agents. Currently, AI agents remain in early stages, primarily based on large language models (LLMs), with architectural and functional improvements needed before advancing to Level 3 agents. Base’s current edge in the memecoin space, combined with ETH overflow effects, positions it well to compete with Solana in the AI agent arena.
AI Agent × Crypto: Is a Revolutionary Moment for Cryptocurrency Here?
This article explores the application and development trends of AI agents in the cryptocurrency space. AI agents are intelligent entities powered by large language models capable of perceiving environments, making decisions, and executing actions, and they are becoming a hot topic. The article provides a detailed analysis of AI agent concepts, technical frameworks, and industry developments, arguing that the convergence of AI agents and crypto could revolutionize attention economics and reduce the complexity and usability barriers of current blockchain applications. However, it also notes that AI agents in crypto are still in the early exploratory phase, requiring further development of foundational infrastructure and ecosystem support.
Infrastructure and DeFi remain the most popular funding sectors, but interest in data analytics and tooling has declined. Meanwhile, DePIN (Decentralized Physical Infrastructure Networks), gaming, and consumer-facing applications have shown strong growth this year. Startup costs vary significantly across sectors, with infrastructure and DeFi typically requiring larger capital investments.
This article outlines 10 key directions for the integration of artificial intelligence and blockchain, including inter-agent interaction, decentralized agent organizations (DAOs), agent-driven multimedia entertainment, generative/agent-powered content marketing, next-gen art tools/platforms, data markets, decentralized computing, computational accounting standards, probabilistic privacy primitives, and agent intent with next-generation user transaction interfaces. These areas reflect the broad application potential of AI in the Web3 ecosystem.
11 Crypto Events and Airdrop Opportunities to Watch This Week
This article highlights 11 upcoming crypto events and provides information about the Kaito airdrop.
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