Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 22,25/05/2023 - 31/05/2023)
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 22,25/05/2023 - 31/05/2023)Ethereum surpasses US$40B in deposit contract balance. New token standard BRC-721E bridges Ethereum NFTs to the Bitcoin blockchain. Tether invests in sustainable Bitcoin mining in Uruguay.Weekly DeFi IndexThis week's market cap, volume, and volatility indices were positive at+0.37,+0.86, and+75.98, respectively. Chart of the WeekDOGE saw a significant surge in network activity, as its daily transactions increased from an average of 20,000 in early May to hitting the 2 million mark in the past week. Compared to other networks, Dogecoin processed more transactions than Ethereum (~1.9 million) and Bitcoin (less than 1 million) between 27 and 28 May. This increase also coincided with a jump in hashrate, up 38% in May, suggesting an increasing number of miners on the network. News Highlights
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Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 21,18/05/2023 - 24/05/2023)
Wednesday, May 24, 2023
Crypto.com introduces an enhanced Pay experience in DeFi Wallet. Cronos Labs partners with Seoul for the Seoul Web 3.0 Festival 2023 #SWF2023. Uniswap V3 to launch on Polkadot via Moonbeam Parachain.
Weekly Update - DeFi and Layer 1 & Layer 2 News (Week 20,11/05/2023 - 17/05/2023)
Wednesday, May 17, 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
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.
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