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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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
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.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 49, 07/12/2022 - 13/12/2022)
Friday, December 16, 2022
Ethereum's Shanghai upgrade tentatively scheduled for Mar 2023. $USDD stablecoin lost its peg, drops to US$0.97. Noman relaunch + issue partial reimbursement to users affected by US$190M exploit.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 48, 30/11/2022 - 06/12/2022)
Wednesday, December 7, 2022
Telegram to build crypto exchanges and wallets. Trader Joe to deploy on Ethereum L2 network Arbitrum. US$20M exploit confirmed on Ankr and Helio Protocol, Ankr to reimburse affected users.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 47, 23/11/2022 - 29/11/2022)
Wednesday, November 30, 2022
Ethereum staking withdrawals enter the testnet stage. Gas usage on Ethereum L2 networks reaches record monthly high. Aave proposed governance changes after failed US$60M short attack.
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