Fungible NFTs, Wormhole Airdrop

Bitcoin surged to a four-week peak, trading at ~$45,400 in tandem with the U.S. stock indexes reaching all-time highs. After dipping to a low of $42,700 on Wednesday, Bitcoin’s value increased by nearly 5%, marking its highest point since January 11. ETH is also moving higher, topping $2.4k with a 3% increase. Ethereum’s two-week peak follows an amendment of the joint spot ETH ETF application by asset managers Ark Invest and 21Shares. The highly anticipated Dencun upgrade, renowned for its fee-lowering “proto-dank sharding” capability, had its launch date revealed as March 13 during a Thursday conference with leading Ethereum blockchain developers. DYM is leading the top 100 in gains, rising 31% over the last day. After launching through an airdrop just two days ago, DYM has nearly doubled its fully-diluted valuation to $7.8 billion, even amidst a troubled mainnet launch characterized by transactional glitches and network stalls. This valuation indicates robust market enthusiasm and confidence in the project’s potential to develop application-specific blockchains, known as RollApps, a new primitive aiming to tackle scalability and efficiency issues within current blockchain structures.