VyFinance, via it's token VYFI, is a Yield Aggregator and DEx coming to the Cardano Chain. The goal of VyFinance is to use a Neural Net to make it so investing in liquidity pools across the chain is a one-stop-shop. The user chooses their risk profile and then deposits ADA or VYFI. VyFinance also hosts an NFT Staking Vault which allows users to stake Cardano NFTs and earn tokens that can be utilized across the ecosystem.

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VyFinance

OPTIM is the utility and governance token of Optim Finance, the leading yield product in the Cardano Ecosystem. This yield product allows ecosystem participants to borrow staking power through Optim Bonds for various purposes, such as bootstrapping a stake pool, or to make the most out of an ISPO. This article delves into OPTIM, its tokenomics, utility, and more.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">OPTIM Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*PuoZJ1WLQDKi92TZJSbHQA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?distribution=">OPTIM Distribution Pro page on TapTools</a>OPTIM has a total supply of 100 million tokens. Currently 13.59 million of these tokens are in circulation, equivalent to 13.6% of the token supply. At 0.596 ADA per OPTIM, this gives the token a Market Cap of $4,729,682 and a Diluted Market Cap of $34,811,611, placing it at #31 in the Top 50 tokens on Cardano.There are currently 1,460 wallets holding OPTIM, down 2.08% over the last 30 days. The token has a Median Holder Balance of 581.88 OPTIM, equivalent to 345.25 ADA, and an Average Holder Age of 130.03 days, highlighting the community that has been supporting the project since the token launch.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*gj_zkiAcavndpzlu" alt="" loading="lazy"><a href="https://optim-finance.gitbook.io/optim-finance/governance/tokenomics">OPTIM Tokenomics</a>The above image details the tokenomics of the OPTIM token. The two largest allocations are for Public tokens and team tokens.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*t8_M2sNXnHS8SVeiCP0nAw.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?liquidity=">OPTIM Liquidity Pro page on TapTools</a>OPTIM currently has 2.08 million ADA in liquidity across five Decentralized Exchanges on the Cardano blockchain. The vast majority of this liquidity is on Spectrum Finance which holders 99.36% of the tokens total liquidity, followed by VyFinance which holds 0.63%, and Minswap being the third most liquid DEX with 0.01% of the total liquidity for OPTIM.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*BxpqrxLaNw1xCvsTIIY09g.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?volume+profiler=">OPTIM Volume Profiler Pro page on TapTools</a>OPTIM has a Lifetime Trading Volume of 17.9 million ADA, equivalent to 25.42 million OPTIM. 9.21 million of this was Buy Volume and 8.69 million was Sell Volume. The volume distribution is even between most wallet classes, with the Shark wallet size (100–250K ADA) taking a slight lead on total trading volume for the token.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the utility that OPTIM offers its holders.GovernanceOPTIM holders can engage in governance and directly influence the protocol’s future through governance actions.Fee SharingOPTIM holders will potentially be able to receive a portion of fees generated by the Optim protocol if the ODAO initiates a fee switch.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Conclusion</h2>Optim Finance stands at the forefront of innovation within the Cardano Decentralized Finance space, offering powerful yield products and staking mechanisms designed to enhance ecosystem growth and scalability. At the center of this innovation is the OPTIM token, serving primarily as a governance tool that allows holders to shape the future direction of the protocol. As Optim continues to refine and expand its offerings, it will be interesting to observe how it shapes the broader Cardano ecosystem moving forward.You can find out more about Optim Finance at the following link: <a href="https://www.optim.finance/">https://www.optim.finance/</a>

TapTools

Token Spotlight: OPTIM

BTN is the governance and utility token of Butane, an upcoming multi-collateral next generation synthetics protocol on the Cardano blockchain. To date this token had the highest pre-sale on Cardano with over 49 million ADA raised. BTN looks to bring high throughput cardano defi through the power of the Aiken smart contract language. This article delves into BTN, its distribution, utility, and more.<h2 style="margin-left:0px;">BTN Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*2TzIAEMi-Fy3yagoYPXm4w.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?distribution=&amp;pairID=e8afc6fe1f4f3bef280bed8a9e3ba68dbc19c8dfade05d800c8bd3ed.42544e5f4144415f4e4654">BTN Distribution Pro page on TapTools</a>BTN has a total supply of 25 million tokens. Currently, 12 million BTN are in circulation, equivalent to 48% of the supply. At 1.130 ADA per token, this gives BTN a Market Cap of $8,382,895 Diluted Market Cap of $17,464,365, placing it at #24 in the Top 50 tokens in the Cardano ecosystem.Currently, there are 5,403 wallets holding BTN, up 20.90% in the last 7 days. The median holder balance is 0.17 BTN equivalent to 0.17 ADA, and an average holder age of 16.70 days.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*diOMZHE1dX9oyVfB_QKkPA.png" alt="" loading="lazy"><a href="https://butane.dev/#tokenomics">BTN Tokenomics</a>The above image details the tokenomics of the BTN token. Over 40% of the supply was allocated to the fair launch which was a record-breaking pro-rata token sale.<h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*4J761sD4prJYHflGyIh2Pw.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?liquidity=&amp;pairID=e8afc6fe1f4f3bef280bed8a9e3ba68dbc19c8dfade05d800c8bd3ed.42544e5f4144415f4e4654">BTN Liquidity Pro page on TapTools</a>BTN has 1.3 million ADA in liquidity across 5 Decentralized Exchanges on the Cardano blockchain. The vast majority of this liquidity is on Spectrum Finance, which holds 98.58%. The second most liquid DEX for the BTN token is VyFinance which holds 0.56% of the total liquidity.<h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*kxBV0yWH5kcn4EkLlc4M5A.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?volume+profiler=&amp;pairID=e8afc6fe1f4f3bef280bed8a9e3ba68dbc19c8dfade05d800c8bd3ed.42544e5f4144415f4e4654">BTN Volume Profiler Pro page on TapTools</a>BTN has a Lifetime Trading Volume of 32.83 million ADA, equivalent to 75.62 million BTN. 16.52 million ADA of this was buy volume, while 16.31 million ADA was sell volume. The fish wallet size (5–25K ADA) leads this token in trading volume, followed by the swordfish wallet size (25–100K ADA.<h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the various utility the BTN token has to offer its holders.Governance StakingBTN holders will be able to stake their tokens to participate in governance of the Butane protocol.CollateralBTN can be used as collateral when opening a CDP on the Butane protocol.Governance ProposalsSubmitting new proposed governance actions requires the staking of BTN.Interest PaymentsProtocol users will have the option to pay CDP interest at a discount by burning BTN.<h2 style="margin-left:0px;">Conclusion</h2>In conclusion, BTN is instrumental to the Butane ecosystem, supporting the development of cutting-edge synthetic protocols on the Cardano blockchain. It looks to offer substantial utility, aligning with Butane’s aim to expand the horizons of Cardano’s DeFi landscape. This discussion has illuminated BTN’s significant role and potential influence, marking it as a vital component in the ongoing evolution of decentralized finance.You can find out more about BTN and the Butane Protocol at the following link: <a href="https://butane.dev/">https://butane.dev/</a>

Token Spotlight: BTN

EMP is the utility token of the Empowa ecosystem. Empowa is a Real World Asset project building on Cardano that is on a mission to make 1 million African families become homeowners by 2030. The projects Realfi impact through decentralized finance depends on the three principles of building, community, and impact. This article delves into Empowa, the EMP token, its tokenomics, and more.<h2 style="margin-left:0px;">EMP Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*Y0SzR2dankT2N17QDKatBA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?distribution=&amp;pairID=909133088303c49f3a30f1cc8ed553a73857a29779f6c6561cd8093f.831c818e6269f6ac349c253aaf0fb4f8c66198a19e76755e10a89584616bbced">EMP Distribution Pro page on TapTools</a>EMP has a total supply of 200 million tokens. Currently28.93 million of these are in circulation, equivalent to 14.5% of the tokens supply. At 0.182 ADA per token, this gives EMP a Market Cap of 5,265,851 ADA, and a Diluted Market Cap of 36,409,885 ADA, placing EMP at #41 in the Top 50 on TapTools.There are 3,658 wallets holding EMP, down 1.08% in the last 30 days. The tokens Median Holder Balance is 469.59 equivalent to 85.49 ADA, and an Average Holder Age of 491.57, highlighting a strong community that has been supporting the project through the bear market.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*qXxIzo7EnLvqhOUioXZ9xQ.png" alt="" loading="lazy"><a href="https://empowa.io/emp-tokenomics/">EMP Tokenomics page</a>The above image details the EMP tokenomics. 60% of tokens are reserved for housing project sales to support the project’s goal of increasing home ownership in Africa through decentralized finance<h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*K5mgF1zxy4wTYbHfxG6x4Q.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?liquidity=&amp;pairID=909133088303c49f3a30f1cc8ed553a73857a29779f6c6561cd8093f.831c818e6269f6ac349c253aaf0fb4f8c66198a19e76755e10a89584616bbced">EMP Liquidity Pro page on TapTools</a>EMP has 268.13K ADA in liquidity across seven Decentralized Exchanges on the Cardano Blockchain. The most liquid DEX for this token is MuesliSwap, which holds 60.92% of EMPs liquidity, followed by Minswap which has 9.78%, and VyFinance being the third most liquid DEX with 9.74% of the tokens liquidity.<h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*6Q3ZBqYux0Fr4wvDCEZWpw.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?volume+profiler=&amp;pairID=909133088303c49f3a30f1cc8ed553a73857a29779f6c6561cd8093f.831c818e6269f6ac349c253aaf0fb4f8c66198a19e76755e10a89584616bbced">EMP Volume Profiler Pro page on TapTools</a>EMP has a Lifetime Trading Volume of 13.59 Million ADA, equivalent to 58.28 million EMP tokens. 6.84 Million ADA of this was Buy Volume and 6.75 million ADA was sell volume. The Swordfish wallet class (25–100K ADA) leads the token in volume, followed by the Whale wallet class, which also leads the token in Buy Volume.<h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the utility of the EMP token.StakingEMP token holders can stake their tokens to earn EMP rewards.Developer Support VaultIn the future, EMP token holders will be able to support housing developers to meet their collateral obligations.<h2 style="margin-left:0px;">Conclusion</h2>Empowa and its utility token, EMP, represent a transformative approach to decentralized finance by integrating a RealFi element that bridges the gap between digital innovation and tangible social impact. By aiming to make homeownership accessible to a million African families by 2030, the Empowa ecosystem illustrates the profound potential of the Cardano blockchain to cultivate a more sustainable, inclusive, and significant change in real-world conditions. This deep dive into the EMP token and its underlying principles not only unveils the capabilities of blockchain technology but also underscores its role in shaping a better future.The Empowa website can be found <a href="https://empowa.io/">here</a>.

Token Spotlight: EMP

The NEWM token powers the NEWM platform and ecosystem, a pioneering initiative on the Cardano blockchain aimed at transforming the music industry by fostering direct connections between music creators and consumers within a decentralized marketplace. Leveraging blockchain technology, NEWM offers an alternative to traditional music platforms by ensuring artists receive fair compensation and retain ownership rights, ultimately democratizing music distribution and consumption. This article will delve into NEWM, exploring its tokenomics, liquidity, utility, and more, providing a comprehensive overview of its impact on the music industry and its participants.<h2 style="margin-left:0px;">NEWM Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*fgsfD1e7jCaVVGef9jvlDg.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?distribution=&amp;pairID=0be55d262b29f564998ff81efe21bdc0022621c12f15af08d0f2ddb1.9f692349af450e68e02abb291e3bcabe42251029498dd0482d8b6b0a740a40d8">NEWM Distribution Pro page on TapTools</a>NEWM has a maximum supply of 9.74 billion tokens. Currently 1.52 billion of these are in circulation, equivalent to 15.6% of the tokens supply. At 0.0129 ADA per token, this gives NEWM a market cap of $11,742,758, and a fully diluted market cap of $75,412,167, placing it at #21 in the Top 50 on TapTools.Currently, there are 23,685 NEWM holders, down 0.94% over the last 30 days, holding steady and with not much of an increase or decline. NEWM has a Median Holder Balance of 11.67 NEWM equivalent to 0.15 ADA, and an Average Holder Age of 526.15 days, highlighting the strong community that has been supporting the project as it develops.<h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*-o3I3ibR7zZXxlT7OqCFmA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?liquidity=&amp;pairID=0be55d262b29f564998ff81efe21bdc0022621c12f15af08d0f2ddb1.9f692349af450e68e02abb291e3bcabe42251029498dd0482d8b6b0a740a40d8">NEWM Liquidity Pro page on TapTools</a>NEWM currently has 374.15K ADA in liquidity across seven Decentralized Exchanges on the Cardano blockchain. The token appears to have a good distribution between the top 3 most liquid DEXs with Minswap holding 49.41% of the liquidity, VyFinance coming in second with 22.69%, and finally, WingRiders which holds 22.24% of the token’s total liquidity.<h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*PSp-Vg_KGJ3GlxCGaz_dTA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token?volume+profiler=&amp;pairID=0be55d262b29f564998ff81efe21bdc0022621c12f15af08d0f2ddb1.9f692349af450e68e02abb291e3bcabe42251029498dd0482d8b6b0a740a40d8">NEWM Volume Profiler Pro page on TapTools</a>There have been 40,048 NEWM trades amounting to a lifetime trading volume of 23.81 million ADA, equivalent to 1.43 billion NEWM. 11.88 million ADA of this was buy volume while 11.92 million ADA was sell volume. The leading wallet size in trading volume was the swordfish wallet size (25–100KA), followed by the fish wallet size (5–25K ADA). The wallet size that has contributed the least to trading volume is the whale wallet size (1M ADA+).<h2 style="margin-left:0px;">Utility</h2>We will now delve into the various utilities that NEWM offers its holders.GovernanceHolders of the NEWM token have the ability to engage in decentralized governance to determine the future of the platform.In-App UsageAll functions on the app can be paid in NEWM token. NEWM tokens can be locked to access different tiers that benefit users such as special content or early access to music IP right sales. Musicians and artists can gain access to additional platform features by locking their tokens.StakingThe NEWM staking system will allow staking for different purposes such as an independent artist fund, to help artists launch their first projects. The NEWM community can also stake with the NEWM governance stake pool to earn further rewards.Royalty SharingPlatform users may have the opportunity to stake their tokens with different musicians to help them get a better playlist ranking. This would enable artists to share royalties with their stakes from the increased exposure.<h1 style="margin-left:0px;">Conclusion</h1>This article has provided a comprehensive overview of the NEWM token and its integration within the NEWM platform. Through an examination of its distribution, liquidity, and the utility it offers, such as governance and staking, we’ve explored its foundational role in the platform’s ecosystem. It will be interesting to see how NEWM and the decentralized music industry evolve on Cardano as well as other blockchains in the coming weeks and months.You can find out more about project NEWM at the following link: <a href="https://newm.io/">https://newm.io/</a>

VyFinance ($VYFI)

VyFinance is a Yield Aggregator and DEx coming to the Cardano Blockchain.

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