Project Progress

Explore crypto news and in-depth articles related to Project Progress, covering market updates, data-driven analysis, trend insights, and key developments to help you fully grasp key information about Project Progress in the crypto market.
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Jupiter DAO plans to reduce the JUP issuance to nearly zero, with the 700 million airdrop possibly delayed

On February 14th, the important Solana ecosystem project Jupiter submitted a key proposal to its DAO, planning to reduce the net token issuance of JUP to "near zero" to alleviate market concerns about inflation and selling pressure, and to strengthen the long-term value support of the token. The plan has entered the community voting stage, and the final result will be decided by token holders. According to the proposal, the team will begin to cut down on new supply from three main sources. First, all token releases from the team reserve will be indefinitely suspended, with unreleased tokens directly absorbed by the treasury and no longer entering the secondary market. Second, the originally scheduled "Jupuary" airdrop will be postponed; approximately 700 million tokens from this round will be temporarily returned to a multi-signature wallet controlled by the community, with snapshots of eligible users still retained for future distribution. Third, tokens unlocked related to Mercurial will be accelerated in release but will be repurchased by the treasury to offset potential selling.
JUP2.27%
SOL0.79%
GateNews·02-14 06:37

Pi Network Pushes Deeper Into Full Decentralization

Pi Network is advancing its decentralization by transferring control from its core team to its community, enhancing node activity for authentication and network security. Software upgrades facilitate this transition, promoting inclusivity through the Stellar Consensus Protocol. The network's strength now relies on user engagement, aiming to establish Pi as a credible global digital currency platform while facing challenges in performance and transparency.
PI4.73%
XLM5.22%
Coinfomania·02-14 06:12

Multicoin Capital supports the revenue distribution proposal put forward by Aave Labs

Multicoin Capital supports the proposal from Aave Labs, believing that redirecting 10% of revenue to the DAO is a strategic shift that will help develop the Aave tokenomics model. The proposal involves approximately $25 million in stablecoins and 75,000 AAVE tokens, with a total economic exposure exceeding $40 million. More detailed financial data is required to support the request.
AAVE2.15%
GateNews·02-14 05:04

ENS (Ethereum Name Service) increased by 15.55% in the past 24 hours

Gate News Bot Message, February 14th, according to CoinMarketCap data, ENS (Ethereum Name Service) is currently priced at $6.68, up 15.55% in the past 24 hours, with a high of $7.16 and a low of $5.41. The 24-hour trading volume reached $112 million. The current market capitalization is approximately $255 million, an increase of $34.3 million from yesterday.
ENS2.82%
ETH3.56%
GateNews·02-14 03:58

Jupiter's new proposal aims to reduce the future token net release to zero

PANews February 14 News, Jupiter announced on X platform that the team has proposed an important plan to reduce the net release of JUP tokens to zero in the foreseeable future. The specific measures include: indefinitely suspending the issuance of team reserves; absorbing any sales of team-owned tokens into the Jupiter treasury; indefinitely postponing the Jupuary event; and accelerating and offsetting the Mercurial vesting plan. The final decision on this proposal will be made by the DAO.
JUP2.27%
GateNews·02-14 03:05

Lighter: Starting today, a cross-margin mechanism will be introduced in the gold and silver markets, and it will be expanded to other RWA markets next week.

PANews February 14 News, Lighter announced on the X platform that the platform is introducing a cross-margin mechanism for real-world assets (RWA). Starting today, it will be implemented first in the gold and silver markets, and next week, this mechanism will be extended to all other RWA asset markets. This means RWA assets can share collateral with crypto-native markets, thereby improving capital efficiency.
RWA1.59%
GateNews·02-14 02:13

VVV (Venice Token) surges 64.44% in 24 hours

Gate News Bot Message, February 14th, according to CoinMarketCap data, as of press time, VVV (Venice Token) is currently priced at $3.09, up 64.44% in the past 24 hours, with a high of $3.10 and a low of $1.74. The 24-hour trading volume reached $26.6 million. The current market capitalization is approximately $134 million, an increase of $52.6 million from yesterday. Recent important news about VVV: 1️⃣ **Airdrop Event Ended and Token Burn Drives Market Sentiment** The Venice Token airdrop event has officially concluded, with a total of $100 million worth of unclaimed VVV tokens accumulated during the event. These tokens have been burned. This move is expected to support the price by reducing circulating supply. The implementation of the token burn mechanism demonstrates
VVV3.64%
GateNews·02-14 02:11

Shiba Inu Price Outlook Linked to Shibarium Adoption in 2026

Shiba Inu's price in 2026 is closely tied to Shibarium's adoption and upgrades, particularly the anticipated Fully Homomorphic Encryption by Zama. Current market conditions show fragility, with key resistance and support levels crucial for SHIB's movement. Ecosystem growth and adoption metrics will significantly influence future price trajectories.
SHIB2.76%
CryptoNewsLand·02-13 21:16