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- Panther Protocol is creating a decentralized, privacy-enhancing layer for decentralized finance (DeFi) that meets regulatory requirements while protecting user data.
- Panther has partnered with Eurobit to help them become the first VASP-licensed Zone Manager. Panther has also partnered with

- Vertex expanded its operations in Q3 with new deployments on Sei and Base, bringing its multichain strategy into focus. The Sei deployment quickly gained traction, contributing 14% of quarterly trading volume and demonstrating the potential for growth in untapped markets.
- Vertex’s deployment on

- At the end of Q3, Axelar introduced the Mobius Development Stack (MDS). This new development stack leverages the Interchain Amplifier, the Interchain Token Service (ITS), and the Axelar Virtual Machine (AVM) to provide the industry with cross-chain interoperability standards.
- MDS will allow new

- Mantle Network strengthened its decentralized finance (DeFi) ecosystem through key initiatives, such as Methamorphosis Season 1 and the mETH Protocol, attracting over 500,000 staked ETH and driving Total Value Locked (TVL) to a record ~$92.20 million.
- Mantle’s MNT-based revenue grew by ~33.51%,

Raydium became the number one DEX by volume in October and surpassed Uniswap by 30% in November with $124.6B. Memecoins made up a record high 65% of Raydium’s volume and Solana's volume surpassed Ethereum's by almost 50% in November. The launch of Raydium's V3 in March 2024 was critical to its rise to dominance.

- At the end of Q3, the Helium Network transferred over 88,000 GB of Offloaded Data from major mobile carriers in the US, a 10,202% increase.
- By the end of Q3, over 116,000 users have subscribed to Helium Mobile for unlimited talk and text messaging for $20/month.
- Mobile hotspots grew by 32%

Seraph is a blockchain-based ARPG that has generated over $2 million in revenue and 1.84 million unique players. The game offers an in-game marketplace for buying and selling items, a Chaos dungeon with NFT drops, and affix gameplay to enhance combat abilities. Players can participate in unique opportunities, such as NFT drops, and engage in community governance activities.

Marinade's TVL rose 9% QoQ, with protected staking rewards safeguarding yields. Total Staked SOL dropped 4% QoQ, but Marinade holds 33% of the market share. Kamino remains the DeFi leader for mSOL, while Drift saw a 61% decrease QoQ in supply. Solend rebrands to Save and Solayer grows by 34% QoQ, with a $12m funding round. Emissions were received by Kamino, Save and Raydium.

- Autonomys Network leverages a modular blockchain architecture built on the Subspace Protocol, creating the needed infrastructure for AI3.0 applications.
- To achieve high scalability, Autonomys Network combines Decoupled Execution (DecEx), modular domains, data sharding, and a multi-layered

Key Insights

ApeCoin DAO committed over $86 million to fund governance proposals in Q3 2024, a 1007.54% QoQ increase in funding.
AIP-454, accounting for 88% of committed funds, awarded ~$76 million to the Commercial Agreements Initiative and User Incentives Initiative in the BANANA Bill.