Bonfida’s Weekly Newsletter 22/02/2021

Welcome to the 8th edition of our weekly newsletter.

We are glad you are here. We have got a lot to talk about:

  • The Raydium Exclusive:
  • Irregular $FIDA burn
  • FIDA at $1.40
  • FIDA-PERP
  • Pools and more

Key Performance Metrics:

This week was almost the same as the previous week in terms of metrics. Serum weekly volume was $48,660,733 down from last week’s total of $73,165,296. This was a 32% decrease on the average daily volume of $6,951,533.

Now the currently monthly volume is down 43% at $193,499,082 compared to last month’s total of $339,281,032. It is important to note that currently February is still ahead of Decembers totals with one week left to collect volumes

Announcements:

THE RAYDIUM EXCLUSIVE — A SPECIAL EDIITON THAT DISCUSSES EVERYTHING

With Raydium launching, we have written up an in-depth analysis. This article covers key aspects of RAY and how it will disrupt DEFI as we know it.

After reading it you will know the ins and outs of $RAY

RAYDIUM POOLS ARE FULL

In less than an hour the Raydium pools filled up. This pool was double than the last. It has a $2,000,000 hard cap, that was used to purchase 6,342,857.14 RAY (~1.142% of the supply) at a 0.315 USDC per RAY at a 175 million implied valuation.

IRREGULAR BURN

https://twitter.com/bonfida/status/1362760751656669184

With the Raydium pool initialized on Friday, over 400,752.5 FIDA were bought and burnt. This is around $500,000 being removed from circulation.

FIDA BREAKS NEW ATH

This week FIDA hits a new ATH.

HOWS THE BURN GOING?

Since December, in only 3 months we have removed over 732,879 FIDA’s from circulation, which means that over 1.6% of the circulating supply has been removed.

DEVELOPMENTS:

$FIDA PERPS ON FTX

We are excited to have FTX launching perpetual futures on FIDA.

View the market here: https://ftx.com/trade/FIDA-PERP

Thank you for taking a moment to keep up to date with Bonfida newsletter.

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None of the above is financial advice.

Bonfida does not provide services to personal accounts of current residents of the United States of America, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, or Antigua and Barbuda.

FIDA is not offered within the United States or prohibited jurisdiction.

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