$4.5M rug pull? – CrediX disappears while NFTs outpace DeFi
Main Idea
CrediX's $4.5 million exploit and disappearance raise rug pull concerns, while NFT platforms surpass DeFi in daily user activity despite overall NFT market recovery lagging behind 2021 highs.
Key Points
1. CrediX suffered a $4.5 million exploit, leading to suspicions of an exit scam as the team vanished without providing promised updates.
2. NFT platforms recorded 3.85 million Daily Active Wallets in July, slightly outpacing DeFi, with trading volumes surging 96% to $530 million.
3. Despite July's growth, NFT trading volumes in 2024 fell 19% year-on-year, remaining far below the 2021 peak levels.
4. Ethereum marketplace Blur captured up to 80% of daily NFT volume, while OpenSea led with 27,000 Active Traders.
5. Luxury brands like Louis Vuitton and Rolex have joined NFT pilots, signaling continued interest despite the market slowdown.
Description
As users await answers that may never come, DeFi hits record liquidity... but the user spotlight is elsewhere.
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