Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 53, 11/01/2023 - 17/01/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 53, 11/01/2023 - 17/01/2023)Ethereum hits 500K validators, staked ETH passes 16M. Polygon completes hard fork to reduce gas spikes and chain reorg. Shiba Inu to launch beta release of Shibarium L2.Weekly DeFi IndexThis week's market cap and volume indices were positive at +16.94% and +83.54%, respectively, while volatility index was negative at -8.20%. Check the latest prices on Crypto.com/Price *DeFI index tokens: AAVE, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI.
New Project SpotlightCronos announced the release of its v1.0 Galileo upgrade, scheduled for 18 January. The mainnet upgrade will feature greater EVM and Cosmos interoperability (IBC incentivisation and IBC token transfer memo field), along with other performance enhancements and bug fixes. These include a generalised reduction of node startup time, mempool prioritisation for transactions per second (TPS) scaling, and optimised storage for full nodes. As of 17 Jan 2023Sources: DeFi Llama, Crypto.com ResearchNote: TVL excludes governance token staking, staked LP tokens that one of the coins in the pair is governance token, borrowing, and vestingAs of 17 Jan 2023Sources: CoinGecko, DeFi Llama, Crypto.com ResearchNews Highlights
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DisclaimerThe information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties.This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement.The brands and the logos appearing in this report are registered trademarks of their respective owners.We’re all ears.Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Thank you for reading! We hope you find our Weekly DeFi and Layer 1 & Layer 2 News Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email! |
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Market Pulse by the Crypto.com Research & Insights Team (Week 51, 03/01/2022 – 09/01/2023)
Monday, January 9, 2023
Latest US jobs data released; crypto performed well last week. Ethereum's Shanghai upgrade public testnet planned for Feb. Hong Kong gearing up to provide retail virtual asset trading services.
Weekly NFT & GameFi Update (Week 50, 31/12/2022 - 06/01/2023)
Friday, January 6, 2023
Data shows #NFT sales in 2022 nearly matched the 2021 boom. Ecommerce giant Shopify expands its NFT integration. SquareEnix plans investment in blockchain and NFTs.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 51, 28/12/2022 - 03/01/2023)
Wednesday, January 4, 2023
1inch's new upgrade supports gas-free swap orders. SushiSwap proposes new tokenomics and will stop lending products. Debaub found a critical vulnerability in Uniswap's Universal Router smart
Market Pulse by the Crypto.com Research & Insights Team (Week 50, 27/12/2022 – 02/01/2023)
Tuesday, January 3, 2023
China launching its first state-backed NFT marketplace. Central Bank of Turkey completes first CBDC test. Microstrategy buys more BTC.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 50, 14/12/2022 - 20/12/2022)
Wednesday, December 21, 2022
Visa proposes potential collaboration with Ethereum. Curve Finance to deploy on zkSync mainnet. Solana-based DEX Raydium hacked for over US$2.2M.
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