dao

USUAL fee switch activation could reshape DeFi ecosystem in 2025

Published

3 days ago

January 1, 2025

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Jan. 7 could mark a turning point, as Usual plans to activate the token fee switch for real value sharing.

The real-world asset stable coin protocol Usual (USUAL) has recently hinted at the activation of its token fee switch.

The fee switch era begins.
2025 marks a turning point for DeFi: real value, real distribution.
Get your USUAL ready for January 7th.
A new year, a new standard. Let’s make 2025 the year of USUAL. pic.twitter.com/kXQXTrinjK
— Usual (@usualmoney) January 1, 2025

This announcement comes at a pivotal time for USUAL, as the protocol has experienced a notable decline in its recent market performance.

USUAL fee switch activation could reshape DeFi ecosystem in 2025 - 1 — USUAL 1D price chart | Source: Coinmarketcap

The current price of USUAL is $0.91, reflects a 29.86% drop from the previous week. The current market capitalization stands at approximately $447.9 million, with a 24-hour trading volume of around $261.46 million. This represents a substantial decline from the token’s all-time high of $1.62, which was reached on Dec. 20, 2024.

The activation of the fee switch is anticipated to introduce a new revenue-sharing model within the Usual ecosystem, potentially providing token holders with a share of the protocol’s transaction fees. This move aims to enhance token utility and attract more participants to the platform.

Fee switches have become a big trend in the DeFi space, turning passive token ownership into a more rewarding experience. They allow for the redistribution of collected fees to key stakeholders, such as liquidity providers, stakers, and token holders, creating stronger incentives for participation and retention.

For USUAL and its community, the Jan. 7, 2025 activation of the fee switch could mark the beginning of a new era where real value and distribution take precedence, setting a new standard for success in the DeFi ecosystem.

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dao

Reddit’s r/cryptocurrency unveils .MOON domain to 8.8m users

Published

2 months ago

November 19, 2024

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Reddit’s cryptocurrency community, r/cryptocurrency, announced a partnership with Unstoppable Domains on Nov. 19 to launch the first-ever Reddit community-based Top-Level Domain, .MOON.

The initiative aims to provide the community’s 8.8 million members with a bridge to the broader blockchain ecosystem.

Powered by the Polygon blockchain, .MOON domains offer fast, cost-efficient transactions and enable users to create immutable digital profiles. This development positions r/cryptocurrency, already recognized for its MOON governance token, as a leader in blockchain innovation.

John Murphy, Treasurer of MOON DAO, commented:

We at r/cryptocurrency have always focused on community empowerment, and launching .MOON domains is the next big step in that journey. This partnership with Unstoppable Domains expands our presence beyond Reddit, offering our users tools to engage with the onchain ecosystem while preserving our strong community identity.

Features and benefits

.MOON domains serve as unique identifiers, enabling users to establish digital profiles and conduct secure crypto transactions with each other. They are compatible with over 865 blockchain applications and wallets, ensuring seamless access to decentralized services.

The initiative cements r/cryptocurrency’s role as a Web3 ambassador, helping the community expand its reach beyond Reddit. Unstoppable Domains COO Sandy Carter highlighted the importance of this collaboration:

The vibrant r/cryptocurrency community can now extend its unique energy into the onchain domain space, engaging new users across decentralized platforms.

The launch aligns with Unstoppable Domains’ mission to deliver secure, user-owned digital identity solutions. It also positions the company alongside 30 other onchain organizations preparing for the 2026 ICANN gTLD application round.

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