Basic crypto consumers this week

This week, the JUP, ONDO Finance tokens mechanism will activate the summit, and Injective will open a hacaton for Jeenets-we talk about the main events of this week on February 3-9 in one material.

Frips of tokens – all week

The starting week pleases investors with a new portion of large unlocks, which the community is always waiting with great interest. The most noticeable will be the scene of more than 11 million Jito Labs (JTO) tokens.

Activation of the Jupiter reverse redemption mechanism – this week

During this week, the JUP tokens return mechanism should be activated. This will go 50% of the protocol commissions. Brought -off tokens will go to a “long box”.

“Now half of the protocol commissions will go to the reverse ransom JUP. The remaining 50% will be invested in the growth of the project, a future strategy and complete operational stability, ”said the Jupiter team.

This decision followed the announcement that the company’s income reached $ 102 million in 2024. According to the statement, the main source of income was Jupiter Perps, which occupies 84% ​​of the market among participants in Solana Perpetual Dex Market. It is noteworthy that Jupiter’s income increased seven times from January to December 2024 – from $ 3 million to more than $ 21 million.

Meanwhile, the JUP token has already lost more than 10% over the past day. At the time of publication, the asset is traded at $ 0.86.

Injective Hakaton Jeaden-February 4

Already tomorrow will begin the Hakaton of the Jeadents, in which such giants of the market as Google Cloud, Elizaos and Dorahacks will take part. At the same time, the opening ceremony will begin today, on the third of February.

“This is all about the unification of AI and the blockchain to create the next generation of the AI-agents who can automate trade, manage assets and, possibly, even do what we are constantly delaying-for example, to respond to emails or organize our table.” Noted one of the users in X.

The developers will compete for prizes worth more than $ 100,000, grants, financing and much more. They have four weeks to turn their ideas into projects. As a result, the best of them will be presented on Demo Day in front of leading developers and investors in this area.

ONDO Finance summit – February 6

On Thursday, the first summit of the decentralized ONDO Finance protocol will be held. During the event, the project team plans to make several major announcements.

“Only seven days are left before the ONDO summit. It will present a bold new vision for Wall Street, ”ANDO representatives shared at the end of January.

The event will be held in New York, as the ONDO Finance seeks to transfer financial services to the institutional level to the blockchain. According to the announcement, leaders in the field of traditional finance (Tradfi) and blockchain will also take part. Among them are Franklin Templeton, BlackRock and Fidelity Investments – all of them are large players in the field of real asset tokenization (RWA).

Against the backdrop of the expectation of the event, Ondo does not show any positive dynamics. On the contrary, over the past 24 hours, cryptocurrency has become more than 9%, repeating for a wider cryptot.

Conclusions

This week, several important events await us at once: the breaks of tokens, the Hakaton from Injective and the first ANDO Finance Defi Protocol summit. All of them are able to influence the mood of the crypto.

Particular attention is deserved to activate the mechanism of redemption of JUP tokens from Jupiter. The implementation of this initiative can significantly affect the price of cryptocurrency.

Be in the know! Subscribe to Telegram.

Source: Cryptocurrency

You may also like