Dubai authorities confirm that an incident occurred in a building in the Palm Jumeirah area. Emergency response teams were deployed immediately and the site has been secured. Dubai Civil Defence has confirmed that the resulting fire is now under control. Four individuals sustained injuries and have been transferred to medical facilities. The safety and wellbeing of residents and visitors remain the highest priority. Authorities continue to take all necessary measures to safeguard the public. The public is urged to remain calm, rely solely on verified information from official sources, and refrain from circulating videos or images on social media. Further updates will be provided as they become available.
It's been 2 years since $BANANA went live, and a lot has happened since.
We started with a simple promise to give early users a fair start. Qualifying pre-TGE users receiving an unlocked airdrop as a token of appreciation.
From there things moved fast... 🍌
$BANANA got listed on major CEXes like @binance, @okx, and @kucoincom, and over $30M worth of $ETH and $SOL has been distributed to holders to date.
Fast forward to today; let's talk about the exciting future of Banana and what we have in store.
Multichain Pools: Banana Goes Multichain 🍌
Our strategy has always been simple: be where the volume is.
We are actively reviewing which chains make the most sense and will begin seeding liquidity there to make $BANANA easily accessible for everyone.
Being multichain also opens new possibilities for Banana Bonus, and we are excited to explore them.
Liquidity: Liquidity That Actually Matters 🍌
While volumes on CEXes remain strong, the old V2 pool on DEX sits mostly untouched.
That's why we're transitioning from V2 to a V3 pool, enabling more dynamic, efficient market making.
The total supply of $BANANA or $ETH in circulation will not change. It just makes the liquidity work smarter.
Team Tokens 🔥
As mentioned in our previous update, half of the team's allocation (5% of total supply) has now completed its 2-year cliff and entered a 36-month linear unlock schedule. That means allocations won't unlock all at once, but gradually. After internal discussions, every eligible team member agreed to burn ALL unlocked tokens on December 31st, 2025. That's what we call a proper New Year's Eve bonfire.
Market & Treasury 🍌
We would be remiss not to address the obvious: the market just went through a heavy correction.
The good news is that we are fine.
We weren't leveraged, and a large portion of our treasury is held in stablecoins.
Banana is built to endure cycles, not chase them. We keep rocking, shipping, and building stronger than ever, and ever, and ever 🍌
Tokenomics 🍌
Over the course of Banana, we have heard a lot of opinions and valuable feedback from community members. Some users have suggested that we adopt a staking model, while some want a buyback and burn, and others say to keep things as they are.
We hear you.
We are actively reviewing all options to ensure the next phase of $BANANA aligns with long-term holders and future growth.
As our ecosystem expands, $BANANA will remain at the center, constantly powering what we build next.
STBL Treasury Update
In Q4 we’re rolling out Multi Factor Staking (MFS) and a buyback-and-burn program, accelerating ecosystem and minting activity, and shipping new product innovations with Web2 + Web3 integrations.
In parallel, we’re executing a disciplined treasury strategy and establishing a contingency fund to support these programs efficiently and sustainably.
Throughout Q4, as these initiatives go live, we’ll publish a public treasury overview detailing balances and capital allocation across:
• Buybacks & burns
• Ecosystem growth
• Product development
• Contingency reserves
On tokenomics: while the tokenomics table shows scheduled vesting for categories such as Ecosystem and Market Making, those tokens will not enter circulation. They will be held in the treasury, locked, and staked. We will provide regular public updates on these balances and their use.
WE WILL MAKE LIQUIDATIONS BULLISH AGAIN WITH $RUJI LIQUIDATIONS! 💜
FOR BTC, ETH, SOL, TRON, DOGE, XRP, LTC, BCH and more!
YOU'LL BUY THEM DISCOUNTED ON @RujiraNetwork ONLY!
Intern realized that now is the first time to see crypto projects working together and integrating on a deep level, not seen before.
You can see it when you come to @RujiraNetwork:
- @Nami_Index_ integrated in RUJI Index, @leodexio, and @Vultisig.
- @AutoRujira automation in RUJI Strategies and @THORChain
- @LiquidyFinance building swap router for Rujira
- @CALC_Finance DCA coming to RUJI Trade and...
- @RUNEBondApp integrating @NAMIProtocol
- @redacted_money introducing shielded accounts for all Rujira interactions
- @CoralP2P working to bring P2P to Rujira
When you visit Rujira's website, you see a unified ecosystem where 10 or 20 teams are building on. The Rujira team is mostly building the primitives, the Lego blocks, and on top of those there are individual teams building.
(This also made intern think of the good old days with Terra / Luna. It was full degen-mode, switching between individual project websites. But what if Terra 1.0 had all features together on one website?)
Intern knows, Rujira is becoming the DeFi ecosystem that we always wished for. That DeFi hub that all blockchains promised to build but never delivered due to fragmentation, competition, jealousy, or just rug pulling.
Rujira has a unique value proposition, and last year's events with THORChain and Kujira created a window of opportunity that leads to where we are now. @jpthor took a risk but showed leadership and took initiative, and we wouldn't be in this situation without that commitment.
In Q3-Q4 of this year, there are exciting products and features planned that will make Rujira a thriving ecosystem full of activity for everyone to join - thanks to the easy onboarding of new users via @StationWallet!
As community, we must keep supporting the team, the developments, and share with all other blockchains and communities, that we are the place-to-be for omnichain DeFi opportunities - where they are welcome! When we succeed, we'll get to ride a wild rollercoaster in the next 6-12 months.
We are all growing this DeFi pie together and are combined marketing is stronger than anything else in the world. So where is the marketing? It's right here with hundreds and thousands of you! You are all part of it to help share about Rujira far and wide!
Be quick, because there are only a few early bird seats left to see the Rujira spectacle front row!
Omnichain DeFi for humans and machines, right at ya! 💜
Omnichain DeFi on @RujiraNetwork will tap into more than $150 million TVL on @THORChain with spot trading, DCA (@CALC_Finance), grid bots, AI trading bots (@AutoRujira?), market makers, and more advanced strategies!
And games, prediction markets, democratized liquidations, launchpad, NFT marketplace, advanced analytics, competitive leaderboard and point earning system are on the way!
With more than 10 or 20 building products and features (undercover like @redacted_money), aiming to integrated straight into the Rujira website. All in a single DeFi hub for native major L1 tokens, like Bitcoin, Ethereum, Solana, Tron, XRP, LTC, BCH. A DeFi Binance, as some people have named it before.
Plus, the opportunity to mint decentralized stable coins with digital gold, aka BTC.
And you are still not convinced about this purple token?
- Good. Start DYOR and let intern know if you need help!
Hugs and kisses for everyone who has $RUJI 💜
Intern is excited to see these statistics growing by the day!
++ 1.5 million more $RUJI staked
++ value staked RUJI doubled!
++ pending revenue doubled
++ 440 more holders in only 9 days 🤯
Wind in the sails, with omnichain DeFi on Rujira for everyone!
Holy shit! Exponential growth on @RujiraNetwork perps! Over 106k 24 hours volume! More than double from yesterday!
All-time volume is 500k! 🤯 Which means we just increase that metric by 25% in under a 24 hour period!
🤯🤯🤯
How TF can you be bearish?
https://t.co/LY1YHK9JdO
Alephium is redefining what an L1 can do.
A sustainable PoW delivering the speed of PoS with a single chain experience.
No tradeoffs, no fragmentation.
Powerful yet dev friendly smart contracts without the usual attack vectors.
Not just scalable but usable with smooth UX and DevX. 🍃
✦ Delivering the Web3 you were promised and more! $ALPH
Big things are coming in Q3 and beyond.
Our full focus in the second half of the year is on rolling out new products and strategies, refining what’s live, and bringing Rujira to a wider audience.
Let’s dive into what’s coming, and let us know what excites you most! 👇
Close your eyes.
Imagine for a moment that someone astonishingly clever has invented a L1 blockchain that has the security and decentralisation of Bitcoin, together with simplified, but greatly enhanced programmability of Ethereum, and conquered native sharding whilst delivering a seamless single chain experience that provides extraordinary levels of scalability to match the likes of Solana and with more throughput than chains like Avalanche.
Imagine all this has been achieved whilst preserving the holy grail of Proof of Work but also solving the energy conundrum.
Now imagine that chain has been live for nearly 4 years and in that time the team has delivered more updates and code improvements than 95% of projects in the space - imagine three major network updates that have improved block performance by over 800%.
Imagine it’s Swiss. Its team are fully doxxed. And huge swathes of web3 communities have yet to discover this. Imagine its mcap is under $40m. Imagine multinationals building out billions of dollars of real world infrastructure quietly in the background.
Open your eyes. You can stop imagining now.
This isn’t a dream. It’s real.
It’s called Alephium.
And with today’s Danube upgrade, it just crossed the Rubicon.
The world doesn’t know what’s coming yet.
But now you do.
You’re welcome 🙏
$GIGA $ALPH