1. Aptos’ weekly summary

a. Aptos eco DEX project Mojito Markets suspends project development due to FTX/Alameda crash link

Mojito Markets, an Aptos ecological DEX project, announced that it was affected by the FTX/Alameda crash, losing project funds hosted by FTX and the support of Alameda. It decided to suspend project development. When the financing situation improves, the development will continue.

b. Aptos to improve operations on NFT data in early January 2023 link

Aptos announced a three-stage plan to delivering demand-driven gas costs: (1) Early January 2023: Improve operations on NFT data to drop prices by 10x for dynamic NFTs. (2) Q1 2023: Build gas-efficient data structures with end-to-end support from guides to indexing. (3) Late Q1, early Q2 2023: Devise advanced gas model that separates storage and execution costs, thereby providing demand-driven gas costs for execution.

2. Waves’ weekly summary

a. Waves founder Sasha Ivanov announces the launch of a new stable coin link

Waves founder Sasha Ivanov has announced the launch of a new stablecoin. There will be a solution for the unpegged USDN situation before launch. The current price of USDN is only US$0.58, and marked as an “investment warning” by South Korea.

b. Waves founder asks CEX to disable Waves futures markets link

Waves founder Sasha Ivanov tweeted that WAVES does not need a futures market, which allows short sellers to profit from FUD. He asks CEX, including Coinan, KuCoin, Kraken, Huobi, OKX, and Bybit, to disable Waves futures markets.

c. Neutrino, the stablecoin protocol of the Waves ecosystem, releases USDN Resolution Plan link

Neutrino, the stablecoin protocol of the Waves ecosystem, releases new proposal to increase USDN reserves and maintain the USDN peg. The Waves Ecosystem teams will donate $15 million in total of each project’s token directly to the Neutrino backing, and Neutrino will reactivate swaps. The vote is scheduled for 22nd Dec — 26th Dec.

3. Uniswap’s weekly summary

a. Uniswap has announced a partnership with MoonPay link

Uniswap has announced a partnership with MoonPay to allow users to buy crypto with cards or bank transfers in more than 160 countries. Currently supports Ethereum, Polygon, Optimism and Arbitrum, and can buy DAI, ETH, MATIC, USDC, USDT, WBTC and WETH.

b. Uniswap has passed a proposal for community governance process changes link

The Uniswap Foundation’s proposal to change the community governance process has been approved, with a total vote of approximately 61 million UNIs and a nearly 100% approval rate. The proposal increases the new “Request for Comment” process to be a minimum of 7 days rather than the originally proposed 3 days, and increases the quorum for the new Temperature Check, the remaining off-chain Snapshot poll, to 10M UNI rather than the originally proposed 5M UNI.

4. L2’s weekly summary

a. MetaMask Swaps integrates with Arbitrum and Optimism link

MetaMask Swaps has added support for Arbitrum and Optimism networks, and this feature is also available in MetaMask’s Portfolio Dapp. Currently MetaMask Swaps has supported Ethereum mainnet, BSC, Polygon and Avalanche.

b. Lending protocol Nexon testnet is now live on zkSync 2.0 link

Lending protocol Nexon testnet is now live on zkSync 2.0. All the testers with early access have a chance to win exclusive nexon tester NFT.

c. Arbitrum has deprecated support for Arbitrum Rinkeby link

Arbitrum has deprecated support for Arbitrum Rinkeby as of December 21, 3:00 BST. The Rinkeby block browser, public RPC and sequencer have been taken down. For new projects it is recommended to deploy tests on Arbitrum Goerli.

d. Optimism’s Goerli Testnet is migrating to Bedrock on Jan 12 link

Optimism’s Goerli Testnet is migrating to Bedrock on January 12, 2023. Optimism is working with partners like Alchemy, Ankr, Chainlink, Etherscan, Infura, Quicknode, and Tenderly to ensure a smooth upgrade. This will not affect Optimism users and applications. After a smooth Testnet migration, a mainnet upgrade proposal will be submitted to the Token House.

e. Stablecoin LUSD is coming to Arbitrum link

Stablecoin LUSD is coming to Arbitrum. LUSD can be bridged from the Ethereum mainnet to Arbitrum using the official bridge. LUSD will establish initial liquidity on Arbitrum’s DEX Camelot.

f. Synthetix Perps V2 contracts are now live on Optimism link

Synthetix Perps V2 contracts are now live on Optimism. Trading frontends, Kwenta and Decentrex are currently integrating with mainnet contracts. Once they’re done, traders can trade.

5. Polygon’s weekly summary

a. TRUMP on Polygon has dropped -90% link

On December 19, TRUMP on Polygon has dropped -90%. The deployer withdrew 1,129 MATIC from Binance and created the contract TRUMP, added 1,000 MATIC in the pool 3 days ago and removed Liquidity within the last 22 hours.

b. Polygon NFT active addresses (MINT/OpenSea) surpass 320,000, an all-time high link

According to Nansen data, Polygon NFT active addresses (MINT/OpenSea) exceeded 320,000 in the past week, a record high. Recent growth in transactions on Polygon has been driven by the recent launch of the Trump Digital Trading Card NFT, which directly brought nearly 13,000 new user addresses to Polygon.

c. Polygon co-founder launches web3 startup accelerator Beacon link

Polygon co-founder Sandeep Nailwal has launched Beacon, a web3 startup accelerator. Beacon aims to create the next 100 web3 unicorns.

d. Polygon announces second Polygon zkEVM public testnet link

On December 21, Polygon announced the launch of its second Polygon zkEVM public testnet, which is also the last testnet for an upgraded Polygon zkEVM. An optimized prover now generates proofs for a batch in under 4 minutes (down from 10). The first version of the Polygon zkEVM testnet will be deprecated Jan 5.

e. Japanese game giant GREE to run nodes on Polygon link

BLRD, Pte Ltd (Headquartered in Singapore, a wholly owned subsidiary of GREE Inc) has started to operate validator nodes on Polygon. BLRD will contribute to the performance, security, and decentralization of the network as one of the validators.

f. Polygon partners with new banking app Hi to launch NFT debit Mastercards link

Polygon has partnered with Hi, a new banking app, to launch the NFT debit Mastercards, which allows users to spend crypto & fiat at 90 million merchants worldwide.

6. Solana’s weekly summary

a. Solcial goes live on Solana mainnet link

Solcial, the first Solana-based social network that allows its users to create and share content that gets rewarded fairly, has just launched on Solana’s mainnet. Solcial allows creators to easily mint and sell their own tokens and even elect to hide content behind a paywall that requires others to hold a certain amount of tokens to access.

b. Crypto trading protocol Drift relaunches into rocky Solana DeFi landscape link

Drift, a Solana-based perpetual swaps trading protocol that handled billions of dollars in volume during the 2021–2022 bull run before collapsing during the Terra crash, is going live with its revamped second version on Friday.

c. Lido on Solana v2 is live link

Lido has successfully updated the protocol to v2 with the major change being the removal of the dedicated 100% commission in favor of public validator nodes with a maximum commission of 5%. Validators will receive block + staking rewards in SOL, instead of stSOL.

7. Ren’s weekly summary

a. The Ren 1.0 network is likely to imminently shut down link

The Ren Protocol team tweeted a warning that the Ren 1.0 network was likely to imminently shut down, and any remaining assets were at risk of being lost. Ren assets need to be bridged back to the respective native chains ASAP.

b. Ren’s proposal for Ren 2.0 funding and Ren Foundation has passed link

Ren’s proposal for Ren 2.0 funding and Ren Foundation has passed. The percentages of votes for minted 200M, 150M, 100M and 50M new REN to the Ren Foundation were 80.78%, 1.08%, 2.05% and 10.97% respectively. The weighted average of the voting power will be the final amount.

8. Sui’s weekly summary

a. Araya Finance to release the first Stableswap on Sui Network link

Araya Finance is releasing the first Stableswap on Sui Network. Stableswap is an AMM for stablecoins (e.g., USDC, USDT and DAI) or pegged assets (e.g., stSUI).

b. Sui Foundation reiterates no official plans for SUI airdrops link

The SUI Token Community Access Program will let Sui community members obtain SUI directly. The Program will also support community members who have contributed in improving the adoption, stability, security, and reliability of the Sui ecosystem during the Devnet and Testnet phases.

9. A community member requests TORN worth $240,000 per year to continue supporting Tornado Cash link

Community member of Tornado Cash @xGozzy initiated a governance proposal, stating that he will continue to maintain related components of Tornado, maintain and develop community infrastructure, etc., and request TORN worth $240,000 per year.

10. Sushi DAO voted to increase Kanpai Treasury Payout Ratio to 100% link

With the introduction of Kanpai and a Treasury Payout Ratio, this proposal is a modification of the previously set payout ratio from 10% to 100% of the Sushi fees to the Treasury. Payout Ratio to the Treasury will stay in place for one year or until new tokenomics are implemented. The affirmative votes were cast primarily by venture capital firm Golden Tree and wallet addresses closely associated with crypto trading firm Cumberland, both of which contributed 91% of the 11 million affirmative votes, or 10 million votes.

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