Holdstation Weekly Recap: Week 4, Jan 2024

Date: 22nd Jan 2024 -  29th Jan 2024

Overview

Another extraordinary week has passed, marked by impressive performances from both zkSync and Holdstation. This week, Holdstation celebrated multiple partnerships and achievements, while zkSync also reported remarkable statistics.

Key Takeaways:

• zkSync Dominance in TPS: zkSync leads for 5 weeks in 30-day transaction processing.
• The Dragon zkDen: Insights from Holdstation and Other Prominent Participants
• Trading Volume Surge: Holdstation surpassed $2 billion in trading volume and Achieved an ATH in daily trading volume.
• Enhanced Liquidity Farming: Holdstation LPers can now utilize their ETH/HOLD for the Amplifier pool on Mute.io. On top of that, Holdstation also secured a Prime Pool on SyncSwap.
• Strategic Partnerships: Collaborations with Velocore, Mute.io, PECland, OXOA, and Moby HQ.
• User Rewards: $67,946 in fees were generated this week, with 80% distributed to users.
• Enhanced Accessibility in Crypto Trading: minimum position size for crypto on Holdstation Defutures has been reduced to $1000

and more..

zkSync Ecosystem

zkSync maintains its stellar performance with a five-week streak over a 30-day timeframe. This consistent excellence has positioned zkSync Era as the most active Layer 2 recently, outperforming other L2s and even Ethereum.

Notably, reflecting on such performance, zkSync boasts relatively lower fees compared to its L2 counterparts.

In the zkDen of zkSync, several notable projects have recently emerged, showcasing commendable performance.

Join Holdstation on 30th Jan, 14:00 UTC for the third zkDen: Shark Tank meets your parents’ basement.

zk/Account Abstraction ?!?

Holdstation Weekly Recap

Weekly stats

Holdstation has impressively surpassed a trading volume of $2 billion, demonstrating its robust performance in a volatile market. Remarkably, this milestone comes just a month after reaching the $1 billion mark, showcasing rapid progress.

This week, Holdstation achieved a new all-time high with a daily trading volume of $45.5 million.

In addition to these milestones, Holdstation generated $67,946 in fees this week, with a substantial 80% ($55,500) being distributed to HOLD stakers and Vault Stakers. These achievements underscore Holdstation's significant position within the zkSync ecosystem.

Furthermore, Holdstation Defutures has now lowered the minimum position size for crypto to $1,000. This adjustment aims to provide users with better exposure to cryptocurrencies, enabling them to experiment with new trading strategies and reduce the cost of minimum position openings."

Weekly Yield Updates:

USDC staking vault

• Total USDC Vault APY: 47.19%
• Total staked: 2,142,511 USDC

HOLD staking vault

• HOLD staking APY: 91.05%
• TVL: 7,663,508 USDC
• HOLD Staked: 2,146,641
• Percent Staked: 57.24%

Partnership announcement

Holdstation has strategically partnered with Velocore, enabling users to pay gas fees with $HOLD on their platform. This marks a significant expansion for Holdstation, as we've now collaborated with nearly all top DEXs on zkSync.

Holdstation liquidity providers now have another option to maximize their investment by cultivating more yield in the ETH/HOLD Amplifier pool and receiving rewards in $HOLD.

Another great option for extra $HOLD yield farming is SyncSwap Prime Pools. With Holdstation in prime spot, it allows our users to explore liquidity pools, delivering a more insightful and easy-to-use user experience.

In another exciting development, Holdstation has partnered with PECland, the first BRC-20 UGC Open World supporting virtual land. This partnership broadens Holdstation's engagement with BRC-20 projects, paving the way for more dynamic future performances.

Further strengthening our presence in the gaming blockchain sector, Holdstation has joined forces with OXOA, the first Layer-3 Gaming Blockchain on zkSync. This collaboration is a testament to our shared vision for seamless, zero-fee interoperability, enhancing the user experience on zkSync.

Celebrating our revolutionary partnership, Mute.io and Holdstation have launched a special Paymaster NFT mint. This collaboration highlights the synergy between two of the most prominent DEXs on zkSync.

Lastly, Holdstation is excited to announce our partnership with Moby HQ, a new ICO fundraising project. This collaboration, backed by the largest Copper Launch in history, signifies our commitment to supporting innovative blockchain initiatives.

Recent news from Holdstation

Holdstation announces the final results of the trading futures competition for multiple of new pairs.

Remember, Holdstation's Paymaster Grant is available for zkSync ecosystem projects seeking Paymaster integration. If you're looking to implement this technology and need funding support, connect us via email support@holdstation.com

Looking Forward

Holdstation's remarkable week features stellar stats and exciting progress, along with fully energized zkSync performance. Stay tuned for more updates and surprises as we continue our dynamic journey!