Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 20,11/05/2023 - 17/05/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 20,11/05/2023 - 17/05/2023)ETH’s Beacon chain experienced two finality issues within 24 hours. Circle rebalanced its Treasury holdings, citing US debt default risk. Optimism’s latest major upgrade, Bedrock, is set for 6 June.Chart of the WeekThe BRC-20 token standard, powered by the Ordinals protocol, has enabled developers to create and transfer fungible tokens on the Bitcoin blockchain. This development has expanded the network’s capabilities and possibilities, but the recent surge in transaction volume from BRC-20 has led to higher fees and network congestion. After the public’s interest surrounding BRC-20 brought Bitcoin’s network fees to its highest level since May 2021, the fees are now returning to normal levels. Check out our latest report on Bitcoin: Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT. Weekly DeFi IndexThis week's market cap index was positive at +3.04%, while volume and volatility indices were negative at -10.58% and -29.99%, respectively.
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 19,04/05/2023 - 10/05/2023)
Friday, May 12, 2023
Bitcoin transaction fees surpass block subsidy for miners. MakerDAO launches Spark Protocol, a DeFi lending solution for $DAI users. SushiSwap rolls out v3 liquidity pools across 13 networks.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 18, 27/04/2023 - 03/05/2023)
Wednesday, May 3, 2023
Cronos Labs partners with AWS for its AWS Activate programme. Bitcoin's transaction volume hits all-time high thanks to Ordinals. Circle launches USDC transfer protocol for Ethereum and Avalanche.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 17, 20/04/2023 - 26/04/2023)
Wednesday, April 26, 2023
Third round of Ethereum withdrawals almost meets the deposits amount. Aptos introduces Delegated Staking. 1inch deploys protocols on Ethereum rollup zkSync Era.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 16, 13/03/2023 - 19/04/2023)
Wednesday, April 19, 2023
Ethereum's Shapella upgrade goes live. Uniswap community approves proposal to launch on Polygon's zkEVM. Arbitrum proposal to return 700M ARB tokens fails.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 15, 07/03/2023 - 12/04/2023)
Wednesday, April 19, 2023
Solana on-chain staking is now supported on Crypto.com. Tether blacklists validator address that drained US$25M from MEV bots. Ava Labs launches Evergreen subnets.
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