1. ETH’s weekly summary

a. ConsenSys launches NFT collection to commemorate Shanghai upgrade link

On April 12, ConsenSys announced the launch of its NFT collection “Ethereum, Evolved: Shanghai” to commemorate the Shanghai upgrade. The commemorative edition will be airdropped to Ethereum core developers on April 13th, and the public edition will be open for minting to all users for free for 72 hours starting from 9:00 am Beijing time on April 13.

b. Ethereum completed the Shapella upgrade link

On April 13, Ethereum completed the Shapella upgrade at block height 6209536, and validator withdrawals are now enabled. Nearly 30 hours after the Shanghai upgrade, nearly 240,000 ETHs have been withdrawn; nearly 100,000 ETHs have been deposited. Within 24 hours, ETH rose nearly 10%, breaking through $2,100. RADIX, RPL, LIDO, and ARB also saw significant increases.

c. IP addresses of ETH stakers monitored, raising privacy concerns link

On April 14, a researcher at the EF revealed that the IP addresses of ETH stakers are monitored as part of a broader set of metadata, causing the privacy concerns. “There’s a lot of metadata, you can look at deposit addresses, you can look at withdrawal addresses, you can look at fee recipients, you can look at IP addresses.”

2. Arbitrum’s weekly summary

a. Arbitrum community initiated the AIP1.05 proposal link

On April 9, the Arbitrum community initiated the AIP1.05 proposal, proposing that the Arbitrum Foundation return 700 million ARBs to the DAO Treasury. The overall framework proposal AIP-1 previously put forward by Arbitrum DAO did not pass, but the Arbitrum team implemented the proposal before the end of the proposal, including giving control of 750 million ARB tokens to the Arbitrum Foundation.

b. ChainLinkGod.eth votes against AIP 1.05 proposal, citing risks and PR motivations link

On April 9, Chainlink community ambassador ChainLinkGod.eth voted against the AIP 1.05 proposal by casting 4.8 million ARB against it and posted that AIP 1.05 seemed more like a PR move to improve image and brings more risks than benefits to the DAO and foundation. ChainLinkGod.eth believes that the confusion brought by AIP 1 to the community has been resolved with the transparency report release and AIP 1.1/1.2 proposals.

c. AIP1.05 proposal fails with 84% opposition votes link

On April 15, the AIP1.05 proposal voting ended, with a total of 141 million ARB participating in the vote, of which 84% were against and 14.57% were in favor.

3. Solana’s weekly summary

a. Solana developer proposes switching encryption standard from Ed25519 to Curve25519 link

On April 10, Solana developer Valentin Madrid proposed a change to the encryption standard of Solana key pairs from Ed25519 to Curve25519. Curve25519 is commonly used for key exchange where both parties in a transaction generate a shared secret key to encrypt messages between them and establish a secure communication channel between nodes. Ed25519, on the other hand, is commonly used for digital signatures, which prevent fraud or tampering with transactions. Using Curve25519 is more favorable for protecting data privacy, but is more vulnerable to attacks during transactions, such as side-channel attacks (SCA).

b. Solend, a lending protocol on Solana, released Phase 1 of its V2 update link

On April 11, Solend, a lending protocol on Solana, released the first phase of its V2 update, which includes three features: borrow weights, TWAP oracles, and outflow rate limits. New parameters (LTVs and borrow weights) will take effect on 4/17. Solend has reminded users to update open positions to avoid disruption. Earlier on March 6, Solend released its V2 whitepaper with the goal of reducing risk and improving decentralization.

c. SMB faces community discord over acquisition and development vision link

Solana Monkey Business (SMB), a top blue-chip on Solana, faced community disagreement over its acquisition and development vision. The confusion surrounds SMB’s direction after the acquisition and how it will align with MonkDAO and govern. The new SMB team’s vision includes Gen 0/1 and Gen2 as representative of the Web3 community and as a boundaryless brand penetrating the real world, with Gen3 as a new series to reward Gen2 holders and expand the community and brand. In the past week, SMB’s floor price has grown over 50% to 230 SOL.

d. Solana mobile phone Saga to hold a product launch on April 13 link

On April 12, Solana Mobile tweeted that the Solana mobile phone Saga will hold a product launch on April 13 at 10am Pacific Time, and the launch event will be live-streamed on the official website, Twitter, and YouTube. Saga is a flagship-quality Android phone proposed by Solana Labs in June 2022.

e. Solana’s compressed NFTs surpass one million in minting volume link

On April 13, after being launched for a month, the number of compressed NFTs minted on Solana (NFTCompressedNFTs) has exceeded 1 million. Nearly 900,000 compressed NFTs were minted through the Bubblegum app of Solana’s NFT standard protocol Metaplex, and more than 382.8k compressed NFTs have been minted through Bubblegum from April 10th to now, setting a weekly record. Compressed NFTs are one of the most anticipated events in Solana’s ecosystem this year. According to the official statement, by compressing the state, the cost of minting NFTs on Solana can be reduced by 2,400–24,000 times, and the cost of minting 1 million compressed NFTs is about $110.

f. Solana mobile phone Saga to go on sale to the public on May 8 link

Solana Labs has announced that its encrypted smartphone, Saga, will go on sale to the public on May 8 for $1,000. The device features 512GB of storage, dual rear cameras, a 6.67-inch OLED display, and a fingerprint scanner, and runs on the latest Android operating system. The unique feature of the Saga is the “Solana Mobile Stack” (SMS), a series of custom add-on components that integrate cryptocurrency utility into the phone’s software and hardware, including an exclusive Solana dApp store. Pre-orders for the device are currently shipping.

g. Solana Foundation introduces convertible grants and investments to support Solana ecosystem link

On April 15, Solana announced that its foundation is introducing convertible grants and investments to support the Solana ecosystem. While grants have been the main support mechanism for open-source non-commercial projects, the foundation will also provide public goods for closed-source projects in the ecosystem.

4. Sui’s weekly summary

a. Founder of Mysten Labs reiterated that there is no airdrop plan for SUI link

On April 10, Mysten Labs founder Adeniyi Abiodun said that SUI has no airdrop plan or never will. Previously, the Sui Foundation has repeatedly stated that there is no official plan for airdrops. Community members can only obtain SUI through the community access plan.

b. OKX, Bybit, Kucoin to list Sui Token link

On April 15, several exchanges including OKX, Bybit, and Kucoin announced the listing of Sui Token with a subscription mechanism for the WL whitelist. Binance has not yet announced the listing of Sui Token. Sui has no airdrop plan, but there is a community access plan for the 100,000 people WL whitelist. The token sale price for SUI is 1 SUI = 0.1 USD, with a maximum purchase limit of 10,000 SUI per person. Whitelist users can purchase up to 1,500 SUI from a pool of 25,000,000 SUI at a price of only 0.03 USD, with the tokens being fully unlocked during the mainnet launch. Mysten Labs announced a buyback of FTX shares for approximately 96 million USD.

According to publicly disclosed information, a total of 594 million SUI were released in this event, of which 450 million were publicly sold at a unit price of $0.1 on OKX and KuCoin (225 million each). Another 144 million were sold to whitelist investors at a unit price of $0.03 on OKX (25 million), KuCoin (25 million), and Bybit (94 million). The total fundraising amount was $49.32 million with an average unit price of $0.083. Previously, FTX reportedly obtained approximately 890 million SUI at a unit price of $0.114 for $102 million in the B round financing of Mysten Labs (currently repurchased by Mysten Labs for $96.3 million in cash). Sui’s official website currently emphasizes that US citizens cannot purchase the token.

5. Uniswap’s weekly summary

a. Conflux proposes Uniswap V3 deployment on its network with $2M liquidity pool link

On April 7, Conflux proposed the deployment of Uniswap V3 on the Conflux network on the Uniswap forum. The Conflux Foundation will provide a total of $2 million in liquidity for CFX-USDT and other pools, with $1 million in liquidity incentives.

b. Uniswap has announced the launch of Uniswap Wallet on the Apple Storelink

On April 13, Uniswap announced that its mobile wallet has been listed on the App Store in most countries/regions, supports users to trade on the Ethereum, Polygon, Arbitrum and Optimism, and can use fiat currency for cryptocurrency purchases, with a transaction fee of 2.55%.

c. Uniswap v3 to be deployed on Polygon zkEVM link

On April 14, Uniswap DAO passed a proposal to deploy Uniswap v3 on Polygon zkEVM with unanimous support. Polygon zkEVM is a ZK-Rollup solution compatible with the Ethereum ecosystem. Uniswap v3 is already available on multiple EVM-compatible chains, including Ethereum, Celo, and Binance Smart Chain, as well as Layer2 networks such as Optimism and Arbitrum.

6. BNB Chain’s weekly summary

a. BNB Greenfield’s first test network “Congo” went live on April 10, 2023 link

BNB Greenfield’s first test network “Congo” went live on April 10, 2023. Developers can become validators, storage providers (SPs), and dApp builders. The storage provider (SP) cooperates with the test network verification nodes to provide complete storage services.

b. The 23rd quarterly BNB token burn has been completed link

On April 14, as per the BNB Auto-Burn procedure, the 23rd quarterly BNB token burn of 2,020,132.25 BNB has been completed. The latest quarterly burn includes 656.0230123 BNB that was effectively burned via the Pioneer Burn Program.

7. NFT’s weekly summary

a. Blur bans airdrop points for OpenSea Pro’s Gemesis NFT series link

On April 10, for the NFT series Gemesis released by competitor OpenSea Pro, Blur has banned users from getting airdrop points for its bids and pending orders, but still allows users to use the feature. At present, the floor price of Gemesis is 0.048 ETH.

b. PROOF, the parent company of Moonbirds, plans to launch a new NFT series link

On April 11, PROOF, the parent company of Moonbirds, plans to launch a new NFT series “Moonbirds: Diamond Exhibition” on April 27, exclusively for Moonbirds stakers who have reached the “Diamond Nest” status, with a total of 10,000 pieces, including Beeple, Summer Wagner, etc. creations of artists.

c. Shibuya and Bruce Lee Foundation launch Bruce Lee-themed NFT on Ethereum link

On April 12, NFT video platform Shibuya and the Bruce Lee Foundation launched a Bruce Lee-themed NFT called “your ticket to the House of Lee” on Ethereum, with no supply limit and a minting price of 0.008 ETH (about $15). The utility and future plans of the NFT have not yet been announced.

d. Chiru Labs and IPX form strategic partnership for BEANZ NFT and LINE FRIENDS characters link

On April 12, Azuki’s parent company Chiru Labs and LINE FRIENDS’ parent company IPX announced the establishment of a strategic partnership, with a focus on BEANZ NFT and LINE FRIENDS characters. As a result of the news, the 24-hour trading volume of BEANZ exceeded 590 ETH, with a growth of 222%.

e. Sportswear brand adidas has released its ALTS Dynamic NFT collection link

On April 13, Sportswear brand adidas has released its ALTS Dynamic NFT collection, a dynamic NFT that changes based on user activity and currently has a floor price of 0.59 ETH. adidas will debut its Into The Metaverse collection in December 2021.

f. Mastercard to release NFTs for Web3 musicians’ career development link

On April 12, Mastercard announced at NFT.NYC that it is releasing NFTs to help Web3 musicians get resources to advance their careers. Holders will have access to Mastercard’s Artist Accelerator Program, which provides AI technology and educational tools. This move follows Mastercard’s collaboration with Moonpay in June 2022, which allowed users to purchase NFTs with fiat currency.

g. Canon USA to launch Ethereum NFT marketplace for photography with Cadabra link

On April 14, Canon USA, a global leader in camera imaging, announced plans to launch an Ethereum-based NFT marketplace called Cadabra later this year, which will be a curated marketplace for tokenized photographs, offering a variety of photos including wildlife, sports, lifestyle, and landscapes.

8. New privacy blockchain Namada proposes first-ever shielded airdrop to Zcash link

Namada, a new blockchain that focuses on multichain privacy, has proposed an airdrop of its upcoming Namada staking token (NAM) to holders of zcash (ZEC), the cryptocurrency native to privacy-focused blockchain Zcash. This will be the first-ever direct airdrop to shielded ZEC holders — zcash users who choose to keep their transaction details private. The Anoma Foundation, the organization behind Namada, says it’s targeting a May 2023 mainnet launch.

9. Klaytn Foundation announces hard fork and token burn, KLAY price rises 8% link

On April 13, Klaytn Foundation announced a hard fork scheduled for April 17, as part of KGP-6 proposal, which will burn 5.28 billion KLAY and allocate 197 million KLAY to GroundX. Following the announcement, KLAY saw a 8% increase in the past 24 hours.

10. Cardano development team releases its first native wallet Lace link

On April 11, Input Output, the development team behind Cardano, released the first native wallet for the Cardano ecosystem called Lace. This is a browser extension wallet similar to MetaMask, allowing users to send and receive assets on the Cardano blockchain, including ADA, Cardano NFTs, and Cardano native tokens.

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