Weekly Update - Layer 1 & Layer 2 News (Week 28, 12/07/2022 – 18/07/2022)
Weekly Update - Layer 1 & Layer 2 News (Week 28, 12/07/2022 – 18/07/2022)$ETH's price rises 12% ahead of the Merge, and Vitalik Buterin responds to PoS critics. Heat wave halts Bitcoin mining in Texas. Lido plans to bring $stETH to layer-2 networks.
Key Takeaways
Highlights
Layer 1 Project Metrics
* % change is based on the difference between two subsequent bi-weekly periods† Sum of P, X and C-chain total transactions‘–’ denotes missing, unavailable, or incomplete dataSources: Coingecko, Etherscan,Ethernodes, Cardanoscan, Avascan, Solana Beach, FTMscan, BSCscan,CronoScan, Cronos Explorer, DeFi LlamaLayer 2 Project Metrics
* Figure refers to Lightning nodes with active channels† Ronin is the sidechain developed by Sky Mavis for Axie Infinity‘–’ denotes missing, unavailable, or incomplete dataSources: DeFi Llama, Polygonscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer, Andromeda Metis Explorer
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Market Pulse by the Crypto.com Research & Insights Team (Week 28, 11/07/2022 – 17/07/2022)
Monday, July 18, 2022
ETH is gaining momentum, up 24.1% in the past one month. BTC options implied vols remain subdued. BTC perps funding rates continue to print positive.
Weekly GameFi Update (Week 27, 08/07/2022 - 14/07/2022)
Friday, July 15, 2022
Stepn reports US$122.5M profit in Q2 2022. Shanghai plans to cultivate a US$52B metaverse industry by 2025. Animoca Brands boosts valuation to US$5.9B after $75.32M funding round.
Weekly NFT Update (Week 27, 06/07/2022 – 12/07/2022)
Thursday, July 14, 2022
Reddit launches 'Collectible Avatar', an NFT-based profile picture marketplace. GameStop unveils public beta of its NFT marketplace. Terra-based NFT projects are starting to migrate to Polygon.
Weekly Update - Layer 1 & Layer 2 News (Week 27, 05/07/2022 – 11/07/2022)
Tuesday, July 12, 2022
Ethereum developers have activated the Merge on the Sepolia testnet. Approx. 50 Terra projects are migrating to the Polygon network. Ronin attacker in March gained access via a fake job advert.
Market Pulse by the Crypto.com Research & Insights Team (Week 27, 04/07/2022 – 10/07/2022)
Monday, July 11, 2022
Miners sold BTC in June to help sustain operations. ETH options implied vols drifting lower. ETH perps funding rates turning positive.
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